. >>> jpmorgan is paying $410 million to settle charges with the government. it's a record settlement for the energy regulat. between 2010 and 2011 traders in houston werecaused of manipulating electricity markets in california and michiga but jpmorgan is nt admitting any wrongdoing as part of the settlement. >>> u.s. oil imports fell to their lowest level i18 years. that is according to new data from the energy information administration. they dropped 13.2%. hitting 7 million barrels a day. >>> next on "money," whoeally makes the financial decisions in your marriage? couples are just divide on their roles in this new study. they may as well be living on different planets. what the power of money means for your marital bliss. got to hear this one. >>> plus, while detroit implodes, oakland county, michigan, is living large. it is literally across the street from motor city. the county executive behind the jobs-creating juggernaut joins us. don't go anywer. more "money" coming up. ♪ ♪ melissa: i've been dieing to do this one all day. it is our "money" talker

jpmorgan was i think 45. so that's not really that high. another area that doesn't get loot of respect is tobacco companies. and as one of my sources said, it is hard to respect a company that kills its customers. liz: wow! >> some sectors don't do well. health care has really not done that well. it used to do well. and there is russian, this is not a sector, countrywise, russian and chinese companies never do well. lack of transparency and lack of rule of law. liz: exactly. lack of transparency. how people talk u.s. will lose listings because of too much regulation. and the other side of it there is problem. everybody is screaming give me the list. number five most respected? coca-cola? >> then google. liz: didn't it used to be number one? >> coke? coke has never been one. liz: why do you think? product not perceived as not healthy? >> getting to be number one is such a confluence of factors. it's hard to say. i think people like what they're doing now but it's hard to say why they have never been number one. ge was number one the first ti

jpmorgan, it is currently higher by 0.4% in the frankfort trade. over the last three months, shares are up by around 18.26%. >>> and europe's earnings season officially kicks off on a high note. all beating expectations. more on the results after the break. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] >>> you're watching "worldwide exchange." >> the duchess of cambridge has been admitted to hospital and is in the early stages of labor. that's according to a statement from kensington palace. now, she traveled by car from the palace to st. mary's hospital in london with prince william. jim maceda joins us from outside the hospital. jim, just how excited is everyone, and how are things going to proceed from here for the outside world? >> reporter: right. good morning, carolyn. and yes, people obviously are n

jpmorgan and wells fargo reporting earnings today with both firms beating estimates. should you invest in financials as more big names get set to report next week? log on to facebook.com/afterthebell. we'll read your answeranswers later this hour. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ but with advair, i'm breathing better. so now i can help make this a great block party. ♪ [ male announce ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not bused more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may incrse you

granted it has been two major names, jpmorgan and wells fargo along with citigroup today. all of them have beat estimates but later this week we'll hear from the heavyweights, goldman sachs and other big names, bank of america. bank of america is on wednesday morning. goldman is tomorrow before the bell but what should you buy and what should you put orders in before the results? we know the market is closing. you can still put orders in for goldman if you feel like it. here is eric wasserstein. , suntrust analyst. would you buy before goldman earnings before the bell? i know that is a very direct and pointed question but that is what our investors want to know. >> i'm neutral rated on goldman here because i think it is fairly valued. so the short answer is no. liz: if they bust out with numbers would you expect to see selling because they're fairly valued and people sell on the news. >> that is often the trend helping into earnings. jpmorgan you see a run-up in the name heading into it and they kind of sell on the news here. i think for goldman and a lot of capital market

jpmorgan outlining ten ways to get out weight. this caught both of your attention in terms of the jpmorgan call? >> i saw it last night when people were not talking about commodities. first of all, he's a china bear, doesn't believe in the super cycle. he's saying we've weathered seasonal effects that we are through. it may be early but it's a brave call. i have to say it's something to me in a few of the commodities like oil, copper, not in or, i think you can make the call. >> the prices have come down enough to start to stimulate demand. on top of that you have global easing. you do have easy policy around the world. eventually that's going to stimulate demand and higher prices. but you have to believe that china is not going to hand land. that's the key. i'm of the opinion that they're not, they're going to be able to grow 7, 7.5% this year and maybe acceleration next year. >> which commodities do you go in and buy? >> i'm more nervous about oil because it hasn't come down as opposed to copper, iron or, i get that there's a lo

better than expected bank earnings from jpmorgan chase on friday and citigroup on monday. that lent a positive sentiment overall and a big focus on corporate earnings as well. a jump in manufacturing data for the new york state region. that also helped boost sentiment and we tracked growth in china and the gdp that came out on monday while markets were closed here, it does overshadow the positives, but as it came in as expected, markets in asia did rise on monday. i will keep track of how they trade later today. let's have a look at the currency as well. that has been a major effect. the dollar-yen is 99.90-94. they did gain in new york, but disappointing retail sales prompted some yen buying. the next focus is going to be the testimony to congress this week and whether we touches on monitoring easing measures. 130.53-58 is currently moving higher compared to the end of last week. >> i know today is a special day for the tokyo stock exchange where you are. the tse and osaka stock exchange have merged to be the third largest stock market in the world. what's going on over t

won't necessarily go to a bank of america or jpmorgan if you're cautious an getting back in the game. >> let's talk csx reporting after the bell. many investors seeing the railroad company as a window into the economy. take a look at this chart, i don't want to say it says it all but very important to the railroad trade. nat gas prices have been creeping higher this year. nat gas used for power generation is down this year compared to 2012. what does this mean? coal shipments are up? coal is the biggest bulk for railroads to transport. the problem is csx in may after it hit a 52-week high may 21st it came out and said the coal shipments were actually down overall and overall they were higher. >> this is also the view into industrial america. what's very important, look at the ups trade, what happened there because of industrial america and, you know, the question is will you see some of the same thing because industrial america did not help ups. will the same be the case here? >> exactly. that's the earnings squad for today. if you want to joint conversation, please do, tweet us. mand

jpmorgan chase as well as morgan stanley. bank lending increased and long-term interest rates are seemingly more stable. that's a tracking more investors into the sector. i will watch for those. some of the mega banks yesterday closing at levels we haven't seen since before the more than 1,100-point sell off we saw on may 23rd. if you remember that one. >> i want to talk about currency levels. we saw the dollar gain with risk appetite return due to strong performance in u.s. stocks. could we see more gains? >> we could. we did see that jumping up off the 100 yen 4re. it broke above 100 yen and climbs to the current levels. they focus now on the eventual slowing of fed stimulus which is a positive factor for the dollar. we may see further gains as you suggested. the bottom of the screen, 139.79 to 85 that also gained against the yen and now at the levels compared to 129 yen this time last week. so some gains there against the yen. be aware of tech and it sectors. google and microsoft failed to ignite major interest with invest

>> tomorrow it's all based on what we see with jpmorgan and wells fargo. if there is any -- liz: that is one point. forget it. watch fox business. we'll have the numbers for you. thank you, scott. adam: thanks, scott. liz: oil skyrocketed to a 15-month high yesterday following that report we always get on wednesdays that oil stockpiles fell by 9.9 million barrels last week. that was way more than expected. but oil then took a hit today. total opposite, on a prediction by the international energy agency that oil supply will increase next year. adam: so what does this mean for the oil market and where you want to invest? where are we going with all this? we have two top analysts ready to duke it out to help you make some money in our bull versus bear street fight. we have david greenberg. david, i will start with you, i know thaw don't think this price of oil is sustainable. you expect it to fall even further. why? i think demand is picking up worldwide so wouldn't the price go up? >> there is always the argument about demand picking up and that's real, howe

the next focus could be the earnings releases of banking giants like jpmorgan and wells fargo on friday. and we'll see how this affects japanese financial companies here in japan. and now let's have a look at some major currency starting with dollar yen now at 101.11 to 13, with the dollar firm against the yen on improved outlook for the u.s. economy. but movement here is rather limited, as investors are refraining from making the big trades as we wait for the boj meeting outcome, even as most of them expect the central bank to keep its easing policy unchanged. and we may get some direction from the u.s. federal reserve as chairman ben bernanke is scheduled to make a speech later today. and the u.s. central bankers will release the minutes of their latest policy meeting. and now let's have a look at euro/yen, now at 129.23 to 28, with the euro lower against the yen. investors sold a common currency overnight as major credit rating agencies downgraded italy's credit rating. they also sold the euro following reports that a european central bank policy maker expressed ideas that the bank i

you have jpmorgan, wells coming out this week. a lot of noise around, the capital levels, the last week. >> i think they'll be fine. the valuation levels still support it. and capital one is still on top of my list. i still like jpmorgan, as well. >> what do you think bernanke is going to say? >> again, this is a q&a session we're waiting for. the speech is about the 100 years of the fed in the past. fascinating, right? >> absolutely. >> and the q&a will be all about repairing the nonclarity from the last speech. it will be creating an umbrella about the future economic developments, and we will act accordingly. that's basically what every single answer will be from the q&a. >> i'm just trying to figure out why every day something else comes out, the minutes, commentary from different fed governors, and we're surprised? it's the same thing that we knew a year ago. it's going to be unemployment, and if it improves, they will, listen, beginning the tapering. and if it doesn't, they won't. >> they won't. >> to your point -- the marke

we have jpmorgan and citigroup. and no selling on the earnings announcement for the banks yet. that's unusual. we've seen that often in the past. certainly a very good sign for bank earnings so far. china gdp exactly where they wanted it to be, so a lot of the emerging market etfs were on the upside. the one sector, you see 2%, 3% gains there. the one sector down, housing stocks. not a lot of news here. had a nice run-up last week. you can see notable weakness here today. maria, back to you. >> bob, thank you very much. bob pisani. what should you make of this market? rebecca patterson is with me. art of oppenheimer funds, and michael of capital innovations and our own rick santelli. good to see everybody. thank you for joining us. michael, let me kick this off with you in terms of clients today. are they putting new money into this market, or are they getting worried about valuations at this point? >> absolutely. i think when you look at the outset, people are checking their inputs, they're looking at risk, at volatility and saying, from an absolute and relative valuation, dev

jpmorgan's chief u.s. economy michael feroli will explain why it's going to be here before you know it. >>> the countdown is on. earnings season set to kick off after the bale with alcoa's report. if the taper is coming, does that mean growth as well? earnings season bull/bear debate. >>> john mayer be trying to call home. ahead of technology for new york city trying to help mayor use it to surf the web. we'll explain. >> we know your maroon 5. >> i read what the words say. >>> taper talk buzzing here on wall street. stocks are up, jpmorgan's chief u.s. economy saying june hiring strength makes it more likely the fed will slow its bond buying program in september than december. michael feroli joins us. good morning. >> good morning. first of all, stocks have been resilient today, resilient friday. you're not a strategist but i wonder what you see is potentially a positive reinforcement cycle panning out where growth expectations look better. seeing that flowing into stocks and fed able to exit in september

the wells fargo and jpmorgans, they bought a lot of banks and wells fargo has 30% of the mortgage market. i mean, that's phenomenal. no more cutthroat competition. banking is no longer a dog eat dog world. and you want to know who's simply not competing on price at all? the mortgage insurers. today mgic, one of the biggest, down in profit. to me that means you need to keep buying radian and genworth, my favorite specs for 2013, the two companies doing the best in business because mortgage insurance has become a slap-happy oligopoly. now let's take a look at the supermarkets for some of the big disappointments. there are some really incredible things here. alcoa kicked off earnings season with a dud. is anything more competitive than aluminum? not that i know of. they're constantly cutting prices in that business other than when goldman sachs is tacking a little or at least what the press says. coca-cola reported disappointing numbers. i think that's because few markets are more competitive than the drink market. there are constant price wars. if you've gone to the supermarket, a lot of t

tom lee is from jpmorgan and joins us live from new york city. welcome back. good to have you on the halftime show. >> thanks a lot. >> give us a read based on the conversation we've just had on the desk here about what to expect from friday and how the market is likely to react. >> well, you know, i agree with the points almost everyone made there. you know, i think at the end of the day good news is going to be good news. so i think markets are pretty worried about a weak labor market print. when you look at the isms and some of the ip data, the employment data was weak, so a positive surprise there would be positive for equities. but as you know, on the other hand, you know, volatility isn't been great for the carry trade. i think that's why we might have to say part of that might be given back by there might be a further unwind of that carry trade. >> are you bullish enough to recommend a change in investment strategy from here forward, that we do a wholehearted look at cyclical stocks between now and the end of december and that's what's going to rule the

. >> we should be debati the pension system, the ste public pension systems in this country, jpmorgan put out a report last year. the major ones are underwater. there is a real problem with unfunded liebltds. guess what you're doing. you're forcing people tout money in what's essentiay a ponzi scheme, money comes in, more goes out. >> that will be one of the topics later. but i think right now dagen the idea is the government actually say, we'll step in, tell you what to eat, tell you what to drive, we'll save you money for you. where are we crossing the lines where we don't do anything for ourselves? >> i think to the point of obesity and savings in this country, unless broadly speaking american people step up and do the right thing for themselves, the goverent will step in and take over because they're going to say people eat too much, they're overweight and health care costs -- it's going to happen because it will fall on the federal government to pay for them. it's your choice now. they'll take over. >> gary k., go ahead. >> the bottom line, you'd be entrusting more money to peopl

. >>> jpmorgan chase an wells fargo report. monday we'll see how america is spending when the consumer credit report for may comes out. then on tuesday, chran apple 1 computer from 1976 will be auked off. it has an estimated value of up to $500,000. >>> wednesday, minutes from the federal reserve's june meeting will be released. >>> then on friday we'll get the measure of wholesale inflation when we see the producer price index report coming out. >>> finally today, america's symbol of freedom once again welcomed visitors from near and far this holiday weekend. statue of liberty re-opened on july 4th, several months after super sandy swamped liberty island. lady liberty was spared in the devastation but the damage to the island cost millions of dollars to repair. the crown is open for business following a $30 million upgrade. lady liberty greets 3 1/2 million visitors every year. >>> that does it for us for today. thank you so much for joining us. next week, state of real estate subpoena building and buying on the way up? keep i

in fact, just last wednesday, jpmorgan put out a research report on your company saying that they see your stock only going to $9 by the end of next year. you have to be disappointed in your stock performance over the five-year tenure. and i ask this with a great deal of respect, klaus, but are you surprised you still have a job at this point as ceo of a company that has seen its stock performance like that? >> no. first of all, we've come through the worst crisis that the world has seen . in our industry, it's been worse than what most people have seen. you have to keep that in mind. at the same time, we used the crisis to change our portfolio, and we used the crisis, also, to raise additional equity so you have to compare apples to apples. so you see that there was some delusion dilution in the stock anyway. what we do is concentrate on the things we can control that create shareholder value. that for us means building the value add business and we are really well under way, as i told you earlier. there are some exciting opportunities in the auto, aerospa aerospace, consumer electro

earnings season kicked off with a bang this week, two major banks, jpmorgan chase and wells fargo coming in ahead of expectations. and alcoa as well. gas prices are about to spike in prime driving season. expect a jump of $.10 to $.20 a gallon, the oil prices are rising due to issue in the middle east. and william lynch resigned after an announcement of the loss after the announcement of the ereader. >>> we saw the kick off to the second quarter earnings season as well, and so what did it mean for your money and the markets going forward? joining me, danielle hughes, and bob doll, chief equity strategist. thank you both for joining us. what a week. we are at a record high for the dow jones industrial average and the s&p 500, hitting records this week, after bernanke's words. what did you think of it, bob? >> i think he put the toothpaste back in the tube. he would like to have some of the speeches back where he talked too much. he wants to condition us that he will not buy $80 billion in bonds every month, but he will slow down when the economy is good enough, and he a sured everyone tha

you can see jpmorgan just went negative but for most of the morning they were on the upside, regional banks on the upside. folks, normally you can sell into the bank earnings season. that typically happens and particularly since we've had a big move up, bank stocks dramatically outperforming this quarter and that's a good reason why you would sell into the bank earnings situation, up almost 15% in the second quarter. >> would like to send it out to rick santelli because i did a double take and saw a headline a moment ago with regard to treasuries saying the ten-year yield is set for its biggest weekly drop in 13 month. is that so? >> well, i'll tell you what, we'll have to wait until the end of the session because we are seeing some definite volatility. imagine that you're on the operating table and you have two doctors looking down at you, mandy, and one doctor says oh, i think we have to remove it and the other doctor says oh, no, i think it stays. how would you feel as a panchlt we're getting duelling comment from various fed officials on to taper, not to taper. the taper caper. so

we'll get reports later this week from banks jpmorgan chase and wells fargo. >>> let's take a look at the numbers from yesterday. the dow rose 75 points and is about 100 points away from an all-time high. the s&p was up by 12. the nasdaq rose 19. >>> netflix, they already stream movies and tv shows. on july 22 it will also start streaming its earnings reports. it's going to host a video chat with its earnings discussion. investors also have the opportunity to submit questions to the moderators using e-mail or twitter. >>> the employment picture is mixed for teens this summer so far. new government data shows that employers added 250,000 -- 215,000 teenagers to their payrolls in may. the best may showing since 2006. but fewer 16 to 19-year-olds were hired in june compared to a year ago. the experts say teenagers are facing stiff competition in the job market from college graduates and retirees who now have to reenter the work force. >>> it's more than a game. video gamers are saving little lives. when we return, technology that can detect a sleeping child left in a car. >>> howard will

the fed announced its plans to acquire bank of america, jpmorgan chase and citigroup. they are internationally important. some banks warned that these burdens will make less money for lending. the fed says that the new rules should "benefit the financial system by reducing financial risks." connell: peter barnes on the breaking news out of washington. moore capital, no future bailouts, obviously, the goal of not being able to bail out these banks again is a noble one. >> i think that they are trying to obviously walk a tightening rope. this all goes back to what happened in 2008, 2009 and the libertarians out there probably felt to just let the banks go and that may have had some pretty dire consequences in the short term. that would have been letting general motors go as well. the bailout of general motors, obviously, there are other political pressures. it is not as if we operate in a free enterprise vacuum. we do not. connell: to that point, where do you think we are now? it was a mess back then. do you remember it differently than it actually was? not as easy as ma

wells fargo and jpmorgan up 20%. the banks met their interest margins as interest rates rise, get a higher return as well. the banks basically as i say, the gift that keeps on giving, given 2 trillion in excess of reserves by the fed. so as admittedly housing and autos is really the engine of growth in the u.s. at the moment. that's creating obviously waves in fact for a lot of growth within the u.s. mortgage lending, basically car lending, just as the economy -- as the economy picks up. so we like them both very much. >> patrick, good to see you. thank you for that joining us from bear. that's just about it for today's edition of "worldwide exchange." coming up, "squawk box" and the countdown to the employment report. [ male announcer ] it's time. time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. itime. >>> good

jpmorgan and wells fargo are among those. right now stocks now. lulu limited founder reducing his stake in the company. nicole: he recent reduced his stake in the company when the ceo said she was stepping down. that was scheduled. we are talking a payday. we are talking about the chairman. about 3.5 million shares. right now, you can see that the stock is down 2.3%. there will still be a huge stake. you want to hear that they are buying up more shares rather than giving them back. here is a look at lulu lemon over the last several months. you certainly see that selloff. the ceo said she was stepping down and prior to that the see-through pants which they had to fix. back to you. dagen: thank you very much. yes, they had to fix them, much to the dismay of men who take yoga. supporters have ousted egyptian president mohammed morsi. with more on the unrest there and what these events could mean for the global economy, we bring in rich absent from washington. >> good morning. they need help and it is unclear where they will get it. to stabilize the e

wells fargo and jpmorgan coming out friday, jpmorgan chase and wells fargo, estimates for the stocks, earnings through the roof, we are looking for positive things, stock is down today, hewlett-packard, american and cisco leading the dow 30 right now. let's bring in nicole petallides standing by on the floor of the stock exchange. speaking of technology looking at blackberry. >> obviously and then that has had a lot of volatility and been in the headlines and we are seeing blackberry under pressure again down 3.6%. so many people tell blackberry for so many reasons for their security which has been wonderful. and shoulder meetings, shoring up cash, the turnaround plan, don't lose sight yet but they have more devices in the next week it months. and another down arrow. >> the story continues. we will see you at the bottom of the hour. time to make some money with charles payne, following up on medical equipment company intuitive surgical. you have done this one before. >> april 2nd, got hammered, wanted to talk about it because when you are making money on this, this is an interesting s

jpmorgan down grades that to neutral, cuts estimates. that's on lower aluminum prices. >> goldman sachs reinstates best buy. we'll end on auto nation, credit suisse upgrades that to outperform saying valuation is attractive here. their price target 53 bucks. bill, back to you. >> josh, thank you very much. so we've got this market moving higher here, maria, just off the highs. thank you. we'll see you later. up 68 points. let's talk about that. what do you think? >> well, you know, it's a shortened day and the markets closing at 1:00 p.m. eastern, set to close in the next hour. let's talk about stocks and investing second half of the year in our closing bell exchange. joe durant joins us from united capital, tobias is with bill inside, and ed from chopwood investments and our own rick santelli. gentlemen, gooed to see you. joe, let me cook this off with you. what kind of second half are you expecting? >> i think we will see a little volatility in the beginning of the year and quite a strong end of the year. so just a continuation of what

intel, home depot, pfizer, jpmorgan and at&t. we should mention exxon mobil just about strad kelling the line. -- straddling the line. don't count out oil. much what is happening in tahrir square in egypt. psychology and opec nations getting sucked into any possible conflict there. that is a story we'll talk about next hour. here is david asman to join me. david: good to see you liz. it is low volume day. on low volume days a few people can move the markets. that is why we see these grade things. liz: let's go to nicole petallides. one name we're watch something tesla. >> tesla has been rallying more than 8%. >> well, apple is jumping 4%. they have got a couple of things that is moving the stock there. one raymond james put them on a buy list. they also have this i-watch. we haven't heard -- liz: i-watch is certainly something. david: we don't know exactly why but it is definitely benefiting from all this stuff. go ahead, nicole. >> apple's i-watch. you also have positive comments from raymond james about apple with a $600 price

the one bank that has not joined is jpmorgan. right now still on the fence whether to join this effort to get congress to act on the new york state attorney general. why do you always interrupt me? liz: i am sorry. the congressional hearings happen so quickly after the article came out. charlie: the articles came out last week. clearly there are weeks in this, because i can't understand how anybody can figure this out. you have "the times" and the hearing. i will say this, goldman sachs waited way too long to respond, they waited aaweek, and in this environment when you are the vampire squid,,people remember that. that is why this thing's front page of "the new york times." if this was wells fargo, it would not be front page. goldman sachs manipulating the price of aluminum through warehousing. they don't control the flow in. you want to park your stuff in there, why park it there? not like goldman is putting a gun to their head. i can understand that bottleneck. anyway, "new york times" versus goldman sachs, watch for correction

jpmorgan, home depot and proctor and gamble all showing some games. let's check back in with nicole petallides. nicole: a couple things that we were talking about. we talked about the dollar. i mentioned that throughout this show. plus 40 at the moment. that pressures of the market. bank of america president really was a big supporter. economic growth will economically quickened in the year 2014. you know what that means, tapering. quickly, let's get to the automakers. ford up 2.5%. they came out with their sales numbers. we are taking a look at general motors also. those two are not too far off the 52 week highs. ford certainly gaining a lot of attention. back to you. lori: thank you. ashley: the clock is ticking and cairo. the turmoil driving oil prices to a nine-month high. joining us now is global energy strategist. and, as always, thank you for joining us. it appears in egypt. why does it have an impact on our oil prices. is it because it is part of a big area of oil transit? is this rise in prices justified? >> ashley, number one, egypt is quite

the has big deals thinking of jpmorgan or apple wi the big dividend return. so those companies on the historical basis but the earnings are goi up. >> they were hammered because we know what happed in the up bond market. i was reading today pimlico is seeing significant reduction so what is your advice? >> it is a problem. close to overturning added $9.9 billion redemption. the reason the are prone to scare people because if you own the two-year bond you king get your money back if the prices go down you don't get it back. that is a problem so people are worried about interest rates it is not a good time to be in the bond. lori: the key for coming in tonight. up next the national transportation safety board response to allegations of a cor-up of the investigation what brought down twa flight without actually responding. with the spark milesard from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it

lori: jpmorgan. regulators accused the bank. they say they are not doing any wrong doing. 55.55 is the current price on jpmorgan shares. the war over fees between cbs and time warner cable. they have until friday at 5:00 p.m. to reach a deal. the new deadline coming after a short blackout. shares of these companies are mixed today. the requirements -- twitter has not offered any hints about an offering. many do believe it could come early next year. dennis: bep says it's fund is running on fumes. lori: fertilizer stocks getting destroyed today. adam: former goldman sachs trader tells our own elizabeth macdonald he is feeling good. the latest from the courthouse is just ahead. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found sosomeone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not ro

cheryl: jpmorgan joining other names like morgan stanley and, of course, goldman sachs. how does this affect you or does it not affect you, bill? >> i do not think that it will affect us at all. a lot of people, the reason why the banks are getting out of it is because they do not want the screaming by the regulators. it does not really justify the problems that it can create. they are cutting their losses. they are getting out. i think the reason why is because any move that they make in this physical market may be viewed as market manipulation. they can be blamed for manipulating the market. the regulators will be on them all the time. it is not worth the headaches. they can do the futures contracts here. cheryl: interesting. phil flynn from the cme. thank you, bill. >> thank you. dennis: what would you do if gm destroyed a third of its cars. imagine they destroyed a third of their production. oil drillers and north dakota are burning a third of the natural gas that they drill. >> this is really controversial. this is a practice called flaring. the u.s. is now ranked i

at the end of the week, friday, we hear from the big banks, jpmorgan chase, wells fargo. investors are going to look at the quality of the earnings, giving mixed signals on the economy. people want to know how companies are doing after hints from the feds they may be pulling back stimulus that has been boosting this economy. so, big stories on wall street. good jobs report but a lot of questions this week. >> big stories worth flying all night to be here. >> obviously. would never miss it. >> your dedication is awesome. 26 minutes after the hour. coming up, breaking news overnight. violent rallies in egypt, dozens dead, hundreds wounded calling for the newly instated president to step down. it's chaos there. we are going live when we come back. hd " [ male announcer ] for diarrhea, you take kaopectate. but for all these symptoms, you also take kaopectate. new kaopectate caplets -- soothing relief for all those symptoms. kaopectate. one and done. >>> moment of impact, a close up look at what happened the moment a korean jet liner crashed in san francisco. >> oh, my god. >>

we know from jpmorgan to washington in the back and forth, it like they have this alliance and it is members as the world, the taxpayer money, and it's time for punishment, a guy like you get stuck. >> you hit the nail on the head. they are more politically connected than they have more money to donate to campaigns. what really must hapen is the government has to see and take notice of the smaller community banks. we have been trying to make that happen. but again, it is an uphill battle and it's very difficult for us. but we are the lifeblood of lending in the country. statistically it an be proved. >> i think most of our viewers know for a fact, i hope that they do, that there is this dodd-frank nonsense and all this nonsense and it feels like we are finally getting a little bit of traction. you guys have done a great job. >> thank you very much. charles: we can't lie to you. you are about to sit through a quick commercial break. but after that break, found out but after that break, found out how tv commercials i'm a careful investor. but after that break, found out how twhen you d

they say jpmorgan wi be the next to do with jumping into the market. it is their way to changthis, or is this just part of the market? >> yes, there is a way to change it. at the end of the day a critical mass of metal on one hand, that is the bottom line. that is on type of monopoly. yes, there is a way to change this situation. melissa: just the smartest guys on the market or is there a way to change it? >> they have been very slow to once the rule changes because they benefit indirectly. melissa: can you make a rule to get ahead of them? >> the rules have to be updated for thera of deep-pocketed investors whether anndividual warehous owner doesn't benefit in the same way as goldman sachs might. a secondary question of whether or not "the new york times" asked if banks should be in the business at all. melissa: a question for another time on the difference between a speculator in the market or if you are real an end-user. using aluminum to make something. thanks to both oyou, great discussion. timtime now for the fuel gauge report. gas prices jumping

i'm sure regulations a problem with jpmorgan. using that as an example, dimon told me friday here, it all comes out in the wash in the end. this banking group is going higher. people are prized that wells was so good that was one people thought would be weaker. it remains a good place to be. >> okay. jim cramer. we'll see you if a moment. >> i was a waiter, too. i didn't do as well as you did. >> doesn't sound look a real waiter. at a summer camp? >> summer camp. >> where were you a waiter? >> at the block in clever which we called the block and cleavage. >> pizza hut, first job, pizza hut waitress. >> okay. >> by, by the way, camp, waiter of the year. i kid you not. >> of course. >> just telling you. don't knock it. don't knock it. >> 26? how old were you? >> back then, 12, 13 years old. now? >> no, no. >> 13. >> doctors at your camp you had to wait on? >> doctors rotated. new doctor come every week. that way a big tune for a new tip every week. that way i could plug how much the last guy gave me. >> coming up, our guest host ha

bank of america, boffo earnings just like jpmorgan, citi and goldman. >> right. so far so good for a lot of big players in the financial industry. bank of america is no different. up 3.3%. take a look where it is trading right now. 1438 for bank of america. -- 14.38. leading the dow jones industrials. we have other names that reported, bank of new york, ust bank and you did see m&t second-quarter earnings jump 29%. go back to the dow component, they were helped by cost cutting. also strength in investment banking. we heard a lot of the same from jpmorgan for example. you see a mixed bag. m&t is pulling back. you see bank of america, bank of new york with up arrows today. back to you. dennis: all right. thank you, nicole. the earnings parade will march on. several big names reporting after the bell. ibm, ebay, intel, american express, some of the ones to watch. keep it here with live coverage with liz claman and david asman on "after the bell" at 4:00 p.m. eastern on fox biz. cheryl: our next guest is a self-made millionaire to sold his pet food company to in 1999

bake, jpmorgan chase. probably isn't teeseven that would not be buying that kind of research. you want the experts. >> and so does not look good for the firm that she hung -- her reputation was riding high. it was the right time to do it. strike while the iron is hot, but e has not come up with any good calls. adam: the waves of the financial industry, one h wonder. she made the call in 2007 on citigroup. she was wrong about municipal bonds. >> you're only as good as your last call in herast role was very bad. you know, it is interesting because now or in airport if she say there would be in n a wave of defaults. on 60 minutes. adam: cats and dogs living together. >> the picture sheainted was much more dire than in her written research. people -- people or contact me saying this is ridiculous. did turn out tbe a very bad call. it was a great buying opportunity because the market sold off in the wake of the comments. adam: why is sheo against our own written research? >> she didn't go against a research, but she is not sted it in anywhere as dire terms and that respecter. she l

she was the daughter of white tomorrow, a former jpmorgan partner who then became a u.s. ambassador and senator. she had grown up as part of the east coast establishment which tended to be pro-british and interventionist. because she supported her husband in his isolationism although he and would never convince her this was the right thing to do, she found herself a strange from virtually all for old friends and acquaintances, all the people she had grown up with who looked on lindbergh in her words as the anti christ. all of this took an enormous emotional toll on her. what was particularly painful for her was the split within her own family and this i did not know before i started looking in to getting into research for this book. she was supporting her husband, charles lindbergh and his isolationism, her mother was one of the leading activists for interventionism and her sister constance who was her best friend worked with her husband, aubrey morgan, constance malraux morgan was married to one of the top british propagandists in the u.s. and so charles lindbergh was do

on to our wall of shame, we pit jpmorgan chase, for settling allegation it rged electricity, market in the midwest and california. there they are. wall of shame. coming up, your home is full of hidden dangers, t statistics willhock, that you is next. ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get f the test track. get the mercedes-benz you've been burning for at the summer event, going on w at your authorizeded mercedes-benz dealer. but hurry, offers end july 31st. going on w at your authorizeded mercedes-benz dealer. a quarter million tweeters sic iare tweeting. and 900 llion dollars are chging hands online. th why the internet needs a new kind of server. one that's 8 smaller. uses 89% ls energy. d costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's timto build a br enterprise. together. gerri: surprising dangers in your home, how to fix rri: how do you do that? we're looking into hidden dangers in your home, the statistics will shock you, joining me now to hazard proof your home. tom, a