tv Street Signs CNBC May 19, 2014 2:00pm-3:01pm EDT
well, good news, everybody. all you drivers out there, gas prices are finally falling. the nat average price is now, 3.65, but according to aaa, this breaks a 40-day streak of gas prices being higher than what they were a year ago. let's bring in dan dicker who knows a thing or two about this. dan, am i right in thinking that you think that we the consumers should be bracing ourselves in really? higher prices in the summer? what gave you that idea. >> it seems like at risks are to the up side. unfortunately we have a gas price that's tethered unfortunately to global oil prices. though here in the united states, though we do have increased production going on, in all shale plays, and we have demand that's going down, but globally we have a very tight market. that means high prices to consumers. it's not fair. >> what about all this fracking? would that eventually trickle down? it all ties to -- so therefore
the fracking doesn't really count? >> you got it. the analogy i use, and it's a good one for people who don't understand, because it seems to unfair, kellogg's making cornflakes. corn is tied to a market just like crude oil, but cornflakes are not, so kellogg's can decide exactly what they said to charge, gull in gasoline you can't do that. that means that the price a refiner can get is tied to an open market. it sounds unfortunate, and it is unfortunate, will you that's the way it goes. right now all the tensions outside the united states of contributing to high prices at the pump. >> it's interesting, you know, a lot of our audience may not care about the price of ibm. i guarantee every one of them cares about the price of gasoline. use your crystal ball, where dodds it headed? >> again, i think all risks are to the up side. we had the libyans, whatever deal they had in product that fell apart that caused brent
prices to go up. we also have putin in china today looking for a new source for their gas, natural gas that is, into china. those kinds of problems with ukraine with feed into a higher brent price. everything that i see risks oil prices to the up side, global oil prices. that means gas prices here in the united states are risky to the up side. >> not so bad to europe -- >> but the commuter costs are mitigated? >> touche. >> europe also has it a lot worse than we do, but the $4 seems -- that seems to be when the economy seems to have a problem, when gas prices hit that $4 threshold, that's when we start to talk about recession again. >> i disagree with that a little bit. as our viewers know, i've been out there saying the gas tax needs to be raised. everyone wants to chop my head off. we're also goods broke, right?
we'll get higher tolls or higher gas prices. one of the two has to happen. 63,000 bridges already are structurally deficient. would raising the gas tax destroying the economy? >> it would hurt. gas prices cut across the board. everybody is tethered to them, forced to pay them. it's not directed or focused. that has a much more generalized effect. >> dan, a real pleasure. >> thank you, brian. higher gas prices are just one example of consumers getting squeezed, as prices of the stuff we actually use goes up. >> i know the government says there's no inflation, because the price of flatpanel tvs has fallen. our viewers know that's not true, right? food inflation, whatever, is this another risk? is there a real rick to the economy here? >> i think there's a real risk
here, brian, especially because wages have increased very little over the last couple years, especially since the recession ended. you are having a situation where gasoline prices are going up when wages are not. i think consumers are getting a double whammy. again if you look at what has happened in the last fight year. but the consumers will be the -- >> does nothing in terms of but you have been recommends energy as a sector you line for some time. >> energy and gasoline prices are going up for the next few months. the fracking that you referred to at the beginning of the program is more of a media
phenomenon. before that sets in, you'll have, let's say 12 more months of higher oil prices. that's why once that passes, they probably would change the recommendation. >> that's the perfect hedge, right in? if you hate gas prices going up, but you believe they will go up, to dan's point. should you go out and buy exxon stock? at least you're kind of paying yourself. you know, the refiners, can you be more specific? because if you believe in fracks, as i do, the people who are going to supply the gasoline pipelines, they're not all going to do well in the next 2 to 5 years. nchts every time you fill up, you can say dang it i'm pacing myself in a way, as you're cussing out the gas station. >> even if the economy is
slowing, it's getting hit by higher prices, there's money to be made here. >> is the economy slowing? that's another part of the conversation we want to do bring up with you. what on earth is the yield telling you? bad stuff about the economy? or is this going to be a fillup for stocks? >> i've repeated it adinfinitum on your program that the ten-year is headed to 250. we went below that last week. my new target is 225. i think there are fundamental weaknesses here, and i think you'll get one of the areas, which is high-grade fixed income. i increase to say keep your durati duration, take that risk. >> i think sometimes it's almost magically perfect how investors react to certain situation. the ten-year yield has gone done. the ten-year bond yield against the s&p 500 real estate investment trust etf, but reits
tend to play. >> i think -- people going to reits, it is more cash income oriented. i think if interest ratesing going to go down, that's clearly out of the recommendation. >> what do they avoid? >> i think more of the risk-on strategies, technology is doing we well. >> they're probably in for a downturn. it's turning out to be the case, and i think you will see more negative influences on those as well. >> it's a real pleasure. >> gooding to here as always. >> thank you.
let's send it over to josh lipton, making a rare east coast appearance. >> sully, check out dish, this is in response to at&t's takeover of directv. dish currently trading higher. guys, back to you. >> josh, we'll get back to you shortly. in the meantime we're going to break out the silver briefcase things, from "deal or no deal" but it's our own versions. >> i'm not an outraged person, but this is an outrage. the reason a woman was booted from a trade show, coming up. g . ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions.
welcome back to the show, unfortunately howie mandel could not join us today, but that will not stop us from playing our own game of deal or no deal. >> first, to the deal of the day. at&t agreeing to buy directv for nearly $49 billion. it got us thinking what other deals might be brewing? herb, what are you hearing? who out there might want to partner up? >> well, you know, i was talking to my colleagues and friends at the deal, which is owned by the street, which does nothing by mergeers and acquisitions. i went through their list and pulled out a few names. number one -- not number one, but one on my list that i've
certainly been watching is rack space. because last week they said they were going to hire an investment banker. they make missiles and golf carts, i'm guessing not golf carts with missiles -- >> maybe she should. could use it on the golf course. >> completely obliterate the opposition. >> tex on december a rumor.
those who believe it currently suffers the conglomerate discount. >> the too big to succeed time of theory? >> a lot of the too bigs to succeed. there are parts that could be broken up. finally a company that -- i was surprised to see it on the list. on the one hand i wondered who wanted it. you google in something, you
type some and e-how, one of our websites will always come up. so the question is, does somebody -- they pay something to get this company taken out? it's a concept that i don't think really worked terribly well. you can see it in the numbers, so that's it. >> we'll go back through the list. >> so this probably will be saved on the internet. you have rackspace, textron, sill man tech and demand media. herb, because we can't do it, i'm going to p ultimate you on the spot and say if you had to bet which one of those could be taken out first, who might be it be first? >> i would say rackspace, because it's actively involved right now. >> it's actively talking about it. >> what about the potential acquirers there, herb? >> man, it's going to be one of those cases if somebody does it, it will be one of the big companies. assuming something does it,
where they can bury it in, say they have a cloud company, honestly -- >> but bring up a long-term chart of rackspace. you've talked about this company. i know that pricing in the cloud is coming down. margins have gotten squeezed for a lot of people. some say rackspace is on its own. troubled or in a difficult strategic. someone's going to have to buy it, and if they know about struggling a bit, they'll wait it out. wait until you're most desperate and the price is lower. >> they say they've increased -- and they hired morgan stanley, but one thing they do have, for maul and mid sized businesses, they'll hold their handle.
, it remains to be seen. i went back the other day and pointed out on realty check, and pointed out how this company has changed. you know, going from a hosted server company to now a cloud company. we've seen what's happened to cloud companies. will it get a premium? a discount? or is it a commodity? i think that's what wyers will have to figure out. herb, join us again soon, bud,. as we mentioned here on the wall, at&t is today's big deal. let's flip the script. pfizer making a final offer for astrazeneca, meg tirrell has been working that story. he really feels as if no one wants this deal to happen. >> yeah, that's interesting. seeing astrazeneca's stock today, maybe you think that it did expect something to go through, it's down about so% or 11%, but pfizer up a little bit today, so maybe investors not so disappointed there, so pfizer
did make this final -- what it said was a final offer for about $117 billion, which actually extra zen today concerned down. now pfizer has until next month to try to get astrazeneca to the table before takeover rules that it wouldn't be able to come back for another six months. so another week to go here, but pfizer saying it was its final offer. the question is, is it trying to convince astrazeneca shareholders to put pressure on the board to come forward. now, of course on the pfizer side. some people are saying maybe this is a good thing. mark goodman, who said we still believe pfizer can find a more productive use for $116 billion. so taking that as you will for the next week, maybe we'll see some movement here, but today pfizer saying that's the final bid, mandy. >> okay. final bid, but of course it ain't over until the fat lady
sings. may 26thth is the today illustrate to watch. >> and andy obesity drugs are a growing part of the market. i just wanted to point that out. on a more serious note, the scandal at the v.a. continues to grow. we've been on the story now for almost a year. now the question is, what do the v.a. failures tell us about the future of health care as a whole? we're going to explain that point of view, coming up. plus the outrage of the day. a business woman booted from a trade show, because she brought a nursing child with her. all that and more when "street signs" returns. ... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.
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y th cnbc first started investigating that came to the documentary "death & dishonor." we have mower headlines about poor patient care and secret waitlists at the v.a. there's a shortage of physicians and other health care professionals for a growing number of veterans who need care. could this be a peek into what all of american health care could look like?
what's your take? is the v.a. its own story? >> i think it does tell a bigger story. it's on two levels. number one is a summer/demand situation. i've had a great increase in the amount of veterans who have intern into the system, and then the aging of veterans from wars of previous decades. for that reason, the using has increased significantly, yet they have not given a corresponding increase in internists and other physicians to make up for that. so there's something like about a four to five-time ratio between the usage increase percentagewise versus the physician increase. so that's one issue. the second issue is, quite frankly, the veterans administration has never been an attractive location for physicians to work, largely because of compensation. it's always been low. though all physicians when they graduate from the residencies are besieged with job offers from veteran administrations very few take them because of the costs. so i think we learned two
things. when you have a supply/deman issue between usage and physiciansing there a problem. also from a financial standpoint if you don't compensate people fairly there's a problem there as well. >> why is there such a shortage? you say it's pretty much in every single state. >> every state is forecasting a shortage of physicians. one of the reasons why is american medical schools have hardly at all increased the amount of graduations going back 30, 40 years. part of that has been competition control and so on and so forth, yet the population has increased significantly. so we're looking at a situation where we have people who are growing just because of the natural birthing outpacing deaths, yet we have not increased the number of physicians. >> and we're a nation that's also getting significantly sicker. >> we're getting sicker and older. so the next factor is you have more people living into their 70s, 80s and 90s, yet the physician staffing has not increased. >> in fact i was reading an article. i wish i could remember where it
was. we could run out certain types of doctors in 20, 30 years, where there's a very high insurance rate. there's a lot of, especially dealing with childbirth issue there's a lot of emotion, to people tend to sue more and people aren't getting into the practices, because they simply can't charge what they need to make a living. is that a real risk or scare tactics? there are growing pockets in this country where you cannot find a ped rick neurosurgeon, for example, you cannot find an obs industries that will deliver babies. so before you've even made a dime, you have to lay out the insurance, so people will -- >> $300,000 a year? >> yeah, that's right, because of the nature of our society. >> eeshl spyly around an issue that's so emotional an childbirth.
when something goes wrong, it's devastating. that's before you have a lease, before you pay your employees. >> and it is rates are going up and up, even as physician reimbursement rates are declining. and i think your point is well taken about how you talk about emotional illnesses that tend to beget large jury awards, so for those specials you have a problem with increasing premiums. we see it trickle down, but in certainly specialties, it's very hard to find physicians who will do that work. >> thank you very much. by the way, folks, you can check out that full documentary on the veterans affairs department by going to investigationsinc.cnbc.com. and a shoutout to our dear producers who really has been talking a lot about the v.a. issues, so good job to her as well. where are the folks at the national restaurant association right to boot out a nursing mother from the national convention and trade show this weekend? it's a show that's getting a lot of buzz, and the security guards
told the monday of a 10-day-old baby to leave the trade show. she was there to represent her family-owned wine bus. the city of chicago has a law apparently allowing women to breastfeed anywhere they like, but the organizers say the safety rule takes priority. the association says that rule has been in effect for 14 years. the woman said she knew children were not allowed at the convention, but she didn't think it would allow for an infant. i think it's outrageous. i think you should sake a rule and be logical and sensical. >> but we are becoming a nation of laws without humanity. the letter of the law says this, versus allowing the human being, maybe the head of the trade association saying, you know what? we want to protect against 5-year-olds burning themselves on this is a 1-month-old not going anywhere. >> it was apparently in a baby
cabooses, a baby bjorn kind of thing, a nursing 10-day-old child. it won't be running around. >> i was read ago store recently about a girl giving a illegal drug, she looked at it and said no, i don't president it, handed it back. they suspended her, because under the school rules she possessed a narcotic. she gave it right back, right? she didn't want it, but because she had touched it. >> see, that's crazy. >> that's an example of reading the law without humanity. we're moving away from human interpretation of laws. in this case, the trade show should be ashamed of herself. >> she wanted to be there, networkings do the very best for her family-owned winery, and i think it's a real shame. >> i've said it before, we expecting another chi, my wife and i. >> yes. >> how did it happen? we were -- i will come in
wearing the babe bjorn. we'll see if i can effectively finish the show with a kid here. >> challenge, deal. >> there we go. we are about to tell you about the one big consumer product company that warned on its earnings, but herb sen, no, no. and we'll tell you why 10 billion is the new 1 billion when "street signs" returns after this very quick break.
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independenced. skechers initiated a buy at citi, right in the wave of the boston marathon winner wearing their shoes. >> nice pop today, too. ed target. and mostly positive call. >> noting decreased value ways. stocks down 40% year to date, a no-no for go. go. still bullish on the name. >> architectural glass. >> but i can see through that pun.
>> i'm very transparent. >> davidson said a good entry point there on appear ojill. you can do the math. campbell's soup is taking a real hit after posting -- blaming, quote, a challenging consumer environment. herb greenberg, i just don't get it. if indeed it was a challenging consumer environment, wouldn't soup sales -- because it's cheap, hearty, i don't buy that particular argument. >> well, neither do you. you might ask yourself when was the last time you grabbed for a can. the only challenging environment they is peeve are just not buys soup. i wrote about this on the street today, and i put it on facebook. somebody posted something very interesting. they said campbell is being squeezed two different ways. from the people who usually use
the snap program and from the higher end, the wealthy end, it's not considered quite the healthy snack that it used to be, so you have a company that's squeezed in the middle, and what's happening to all those products that are squeezed in the middle? those are the ones not doing well. >> herbie, we have to leave it there, but we are not done with campbell's. >> we're not. is it healthy or stay away from cpb? let es talk numbers. steve cortes, first on the fundamentals, do you think this is a guys opportunity? are you interested in soup? >> no, i joined herb. i think donovan mcnabb's mother, i even saw her eating ramon noodles instead of campbell soup. i think the high end is getting hit, too. whole foods had a terrible gap down just last week, but the consumer in general is challenged. if you look at walmart, gap down
last week, it cited the same challenge of the cutback in food stamps. the sad reality is mid and lower income americans are in a tenuous condition, even for staples like campbell soup. the for the investor, the consumer space has not been the space to be, and this is a laggard even in that core group. >> this also feeds into what we are talking about, how america is getting sicker and sicker. people are eating less soup and eating more like pizza and mac and cheese, because it's easy, cheap and fills you up, but what are the charts telling you? >> i like campbell's technically. the stock has shown very little sign of deterioration. i expect it to get back up into the mid 40s. a couple things to point out. initially you look at what happened over the last few days and look at campbell's pullback.
it held exactly where it needed to. if anything, the earlier buys today from the lows suggests there are investors willing to come in and buy these shares. then you go to the weekly chart, you go out a bit longer, you see the stock move to the highest level in over 15 years. typically what stocks do this, they consolidate a bit. this is pry sizely what calm able as done. so that technically the structure remains sound, i expect it to move higher. above 47 1/2 would actually suggest the stock gets up to the mid 50s. >> a hearty recommendation. thank you very much. >> hum um, good. a billion for a website that streams people playing video games. are tech valuations simply out
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shares of apple as a 52-week high today. they were not 56% off their 52-week low of 388 a share. go apple, say investors. >> the video you are seeing right now was shot with a go pro camera. they're setting up for an ipo google is also close to a deal to buy twitch for a billion. twitch is a video streaming side most on which used to play other video games. these are just overinflated valuationses for tech companies josh lipton is in the too you had i don't today. aren't we lucky to have you. it's out of control. you have to take the other say and say, no, it's actually quite sane 1234 expected to hit this week, obviously one of the most
anticipated tech ipos this year. they already have a relationship with xbox. the google/twitch information was interesting. it's specifically video game tournaments, which i didn't realize it's as big as it is. there's sometimes a million people watch the tournaments. they go on for 6, 8, 10 hours. >> there's other stuff to twitch, too, the teenage boy crowd finds appealing, apparently. >> right. there's all kinds of stuff to twitch. >> let ate move on. >> there are channels on twitch that say mature audiences only, and it's like -- anyway. >> so it's the video games that have that 25-year-old demographic. google is excited, because you're talking about it's a young company.
>> props that 10 billion is the new 1 billion. all these names we could throw out that are commanding like 11-digit numbers. a lot of investors have questions about whether there's another bubble. from vcs it is different, unlike 99, for example, these are real businesses with real retches. for example, scott cooper, i asked him that question. the average company going public has revenues around $106 million. in '99 more like 12 million, so they will argue it is different. >> maybe it's the spaghetti on the wall kind of buying. you're terrified this company
could become the next giant, so you buy everything. that doesn't mean a bubble. it just means that people don't know. >> i think your point is really well taken, you have these vcs with war chests. part of the game is spread your bets around as much as you can, almost like a call option. >> josh, thank you. you're here until thursday. we'll find something to talk about tomorrow. meantime, the fog injures of the recall crisis now focusing on the company's attorneys. "new york times" actually naming names. phil lebeau off last night's excellent special. great job on that. >> thank you, brian. we've confirmed much of what's out there, already. again, this is the gm internal investigation. we should point out they're nearing completion. they expect to have that done within the next few weeks, and the focus is increasingly on the legal department. did settlements that were arranged in some of the cobalt cases, did they conceal
information that should have shared with our executives. in particular, the case of brook milton and the deposition of gm engineer ray degiorgio is getting a lot of attention. he was deposed. in that deposition, he said, look, i didn't approve of the switch, later came out there was a document that showed in settling this case. and b, did they concealed that information? this came up to maria barra when she was testifying on capitol hill. here's what she had to say. >> i don't condone not providing information when requested, you know, in a legal proceeding, and if that was done, we will deal with the individuals accountable for that. >> well, i think it's very important that we find out how many cases this document was provided to counsel in, when it was requested clearly within the scope. i guarantee there is not a request for documents being made of gm around these cases that the scope of the request did not include this document.
i want to know how many cases they buried this document. this is what happens in america. corporations think they can get away with hiding documents from litigants and there will get no consequences. i want to make sure there's consequences for hiding documents, because this is hiding the truth. >> and a lot of those questions will ultimately go to this gentleman, michael mill i condition. he is the executive vice president and general counsel for general motors. there's no indication that he signed off on the company to do something illegal on that it shouldn't have done, but the questions how general motors handled the deposition, that is central to the internal investigation. >> great reporting. thank you very much for furthering that story. phil lebeau. if you missed the documentary on this crisis, good et what? we'll give you another chance. "failure to recall" airs again tonight at 10:00 p.m. eastern. somebody really cool is coming up on "closing bell" it is stan lee. if you don't know who he is, he
is the man, the guy that created spider-man and countless other comic book characters. we're very lucky to get to speak to stan "the man" lee. >> we were stunned to discover 91. >> he looks amazing. >> kelly doesn't think i look that old anymore. >> i want what he's having. >> but the latest edition of the xeismt-men movies will be out this weekend, largely considered to be the blockbuster for this summer. it's got everybody in it. we are very excited to talk to him about that. >> when brian said we had something cool on, i thought he meant ralph. >> that's cool on "closing bell." >> hey, kelly, there might be like some spider web signal pattern in technical analysis. >> you know we're going to ask. >> we also, guys will have one economist on from a no-name, if you'll part the expression, institution, in other words not here on wall street, but he's the guy who called this move in
interest rates. this was back in december, when no one eld -- virtually nobody else saw this coming. right at the top of the hour. we're going to ask stan lee about monetary policy as well, because that's what we do. >> interest rates versus marvel comics, but like alfred hitchcock, stan lee makes a cameo in every movie. >> he has every year, and he's done it again. we look frarkd to talking to him about that and a great. overt things, we've been so asking folks, what kells would you think we should be asking? send it to us. >> thank you very much. we'll see you then. >> at the top. meantime, the united states is accusing china of spying on american companies and stealing their secrets. that story when we come back. ck.
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and file downloads you'd take that test, right? well, what are you waiting for? you could literally be done with the test by now. now you could have done it twice. this is awkward. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. the justice department filing its first ever cyber espionage charges against chinese officials today. scott cohn joins us now with more. may be just the tip of the iceberg. >> certainly raises the stakes. the allegations spelled out in frightening detail in this 31-count, 56-page grand jury indictment accusing five operatives from a chinese
military unit stole dozens if not thousands of u.s. trade secrets. the very existence of the unit made public last year from the u.s. security firm whose founder joined us last hour on "power lunch." >> the way we were able to catch the chinese actors even mentioned in this indictment is, in fact, they made operational security mistakes. they made blunders that allowed us to pierce anonymity in cyber space right back to where they were doing the intrusions from. >> from this non-script government building in shanghai where hundreds, possibility of thousands of military personnel were engaged in the hacking effort, according to the report. alleged targets, names you know including alcoa which confirms an attack but lost no material information, westinghouse and u.s. steel, allegheny technologies, three firms declining to comment. they said the chinese hacked the united steel workers as the firm was strategizing about chinese trade practices and solar world which was leading a case against china before the international trade commission.
how did the chinese get in, relative low-tech hacking, so-called spear affirmative action as e-mailing links and attachments with malware. calls the whole thing fiction and is demanding the u.s. drop what is called the so-called charges. that's not about to happen, but the chinese not about to come to court and answer the charges. >> all right, scott. thank you very much. let bring in mark swirlinger, the founder of swilgan focusing on data and privacy security. what's your take on this, a couple of random dudes or the sign of something bigger coming from china? >> something that's been coming from china for years now. i represent technology companies and media companies that have had their systems hacked, and the suspicion has been it's been the chinese government all along. >> my fear is the chinese tend to be, i don't know, famous for the tit for tat kind of way of doing things. for example, you slap a trade sanction on me and i'm going to slap a trade sanction back on you so if you come after them for this kind of cyber espionage
will they come right back against the u.s.? they have said they are being spied on by the nsa and various other organizations. >> retaliation is possible. the nsa surveillance has been for purposes of national security. this allegation is about taking information from the u.s. companies and using it for commercial advantage, so while some might say it's a little bit hypocritical it's a very different thing to benefit your own company's industries with commercial secrets stolen from competitors. >> to your point then, mark, i'm sure they are not the only guys sniffing around. listen, 90% of software installs in china are pirated. what do we do about it? what can we do about it? >> well, first, i agree. these six companies are only tip of the iceberg. i think many more victims have already been -- have suffered this in the united states. as to what to do about it, you know, that's difficult. it's a combination of security measures which companies are taking, asking the u.s. government for help in
prosecuting the bad guys which is what they are doing and being very careful and sensitive with how we treat our electronic data. >> all right. mark, it was a real pleasure to have you on the program. scary stuff. mark, thank you. >> thank you for having me. >> all right. so i got made fun of on a cable talk show and they will show the shot of me and the image of me, sort of, naked on a bike killing a squirrel. that's hot. development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies.
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that story about me running over a squirrel while i'm drunk and naked, i want that remove. >> okay. okay. >> that is way too specific to be something that he just came up with off the top of his head. i guarantee you that there is a photo of that man naked on a bike crushing a squirrel, and if there isn't, then frankly there is now. yes. meet your new top google image, brian sullivan, and live with this for the rest of your life. >> a clip of "last week tonight" with john oliver on hbo and they gave you an excellent body. >> the first thing that my wife said when she saw it is why don't you look like that in real life? that guy had a six pack and he's man scaped. i'm much heavier and harrier than that fellow and i will say this to john oliver, it is all
extemporaneous. >> it was a little specific. >> i'll say that two of the three things were accurate. i will not say which two of the three and the order they were in. >> that poor squirrel. >> turned out last night i like skwirld. great job. they got me. >> it was funny. >> the dude was ripped. i wish that was me, to be honest with you. it could be, but it's only monday. >> it could be in two years time once you hit the gym every day. >> not a whole lot of movement in the markets, barely changed on the dow. nasdaq moving up by 31 point and a mild gainer for the s&p 500. >> one thing to watch is interest rates. i know bonds are boring, i get it. but that yield on the ten-year. we bring that up, guys. this impacts a lot of what you do. thinking about buying a home. a lot of mortgages are based off that rate. the lower is goes and the better it might be for you. this is a real big market story that arguably is hard and a little bit boring to tell, right, mandy?
>> and we've already hit the 2.5% target and the new target of 2.25% because he thinks the global economy is not nearly as strong as people have been given credit for, but, anyway, that's what we're watching. >> good-bye to all the furry rodents out there, our apologize. >> watch out for bikes and naked news anchors. "closing bell" is coming up with stan lee next. stick around. >> welcome to "closing bell." hi, everybody. i'm kelly evans here at the new york stock exchange. >> and i'm bill griffith. lately the technology stocks have been leading the market lower, today they are leading it higher, especially the nasdaq. both the averages -- the nasdaq and russell 2000 outpacing the dow and s&p to the upside just when many feared that the bias was for all four to head lower, right? >> so, in
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