Jewish holiday. Buyers were there, nonetheless. Bob pisani, hot week for the market. Hot stuff. We ended up very well. Held up very well today. Let me show you major sectors and what happened. We had a Diverse Group moving the market forward. You get these rotations going on. Airlines were the big gainers again this week. Theyve been strong. Home builders, defense stocks moved up middle of the week as Interest Rates moved down a little bit. Then a whole group of cyclical names that did well. Defense stocks and semiconductors did well. The big market leaders, big gains on the year, biotech, huge number of biotech ipos. Btk hit another historic high. Global indices also did well. I call it a 2 week. In some parts of the world they did better than that. China had a great string of five days in a row. Japan getting its mojo back. Germany up. Even brazil managed a small gain with gains today. For the week here in the united states, im calling it a 2 week right across the board. 2 gains. Dow industrials led. Ibm was for sale almost every day for the last two months but it really turned around this week. Nasdaq trailing just a little bit up 1. 6 . Besides fed tapering, folks, remember whats going on in the next few weeks. Continuing spending resolution, a debt ceiling and the german elections september 22nd. A lot of room for a lot of market moving events. Maria, have a good weekend. And to you. Have a great one. Joining me to break down the strong week for stocks, Marty Leclair and jeff cox and Rick Santelli. Thanks for joining us, guys. Mattery, let me kick this off with you. Talking about valuations, 17 times earnings at this point. Is that a reason to get in or do you think things are becoming expensive . Its not just the stock market, maria. Its a market of stocks. Sectors of the market we think are way too expensive but some areas in the u. S. Market where you can still look to buy. Were much more excited about places like singapore and parts of europe where the real value is right now. In terms of value in the u. S. Market, do you still see value here . Yes. Particularly among big i. T. , you mentioned ibm has been a laggard and others that are attractively priced and well positioned for what should be a capital goods cycle improvement. Jeff cox, a lot of headline miss in this market and going into a week where we could have more with the feds twoday meeting. How do you see it . I think that unless the fed does something completely out of the box here, were not going to see a whole lot of movement from the market on the taper talk. I think that tapering is beside the point. Its going to be what happens as far as race structure. A couple of anecdotal things that interested me. Jpmorgan was out with a note. We know theyve been wildly bullish about the market. They tried to sell their bullishness to asia and ran into a buzz saw over there. Some folks over there thinking this market is pretty mature and not poised to go in a lot of different a lot further here. I think marty made an interesting point about emerging markets. Weve seen so much money flow into those markets. I think youll see cyclical movement. This is out of character but i think the headline risk is over for this market. Its pretty much going to be company by Company Story looking at earnings and those earning projections are starting to come down. Thats the next thing the market has to confront. What do you think, Rick Santelli . Go ahead, marty, before we get to rick. We call that risk by appointment. Last two years weve had the rally, all these looming risks but market has climbed the risks. Its the risk were not focusing on could be the risk. As always. Rick santelli, what do you think . I mostly agree with jeff. I do think headline risk is probably not going to be our worst animal but im not so sure i put the nuances and details we may find out midweek is necessarily headline week. Its information. Its information mg any in the marketplace have been speculative. Only one man that can look into the camera and give us any primary information, who is ben bernanke, who, by the way, has never used the word taper. I dont know if the taper is built in. To see big adjustments in the normization of Interest Rates that the market has taken up on its own shoulders, i really think that if the fed goes too small on this, i think theyre going to be poking a stick at a rats nest. And i think the rats nest is the marketplace of fixed income treasury rates. Does anybody think tapering if the fed says, were going to cut it by 10 billion, is that priced in or not . I dont like to use the word priced in because i think its dangerous because it assumes an arrogance as far as the market goes. But i do think the market is willing to go along for a ride a bit. The fed is going into different territory. Once they move into Forward Guidance and think they can through their own verbalization and Economic Forecast somehow tell the market what its going to do two years from now, i think thats where theyll run into their big buzz saw. Now weve gotten to the top of the mountain. The question is sort of, now what . Now what do we do . Thanks, guys. Appreciate your time. Have a good weekend. Thank you. Much more ahead on these gogo markets. After the break jim grant is with me. Hell speak with me exclusively ahead of the fed meeting. Find out if he thinks the fed will start tapping the brakes and who you thinks should succeed ben bernanke. Also aheads what we see as the next billion users are not going to come from developed markets. Theyll come from emerging markets. My exclusive interview with michael dell coming up. Wait until you hear his plans to grow his company now that hes won battle for control to take it private. It does not involve selling mobile phones. Also ahead, with twitter going public and going forward, were asking social media companies, hot or not . Well run through the list of winners and losers since their ipos. There are a few names that may surprise you. Youre watching the closing bell on cnbc. [ male announcer ] the allnew 2014 lexus is. This is your move. Therell be the usual presentations on research. And development. Some new members of the team will be introduced. The chairman emeritus will distribute his usual wisdom. And you . Well, youre the chief life officer. You just need the right professional to help you take charge. Is in new this week. Lets take a look at the market moves. Essential retailer Urban Outfitters shocked investors when it sent in a market reading that sales were not up. A big m a deal, molex being bought out by cocacola. Best performer in the s p this week. And disney, best performer in the dow this week after the cfo said it would spend 6 billion to 8 billion in stock buybacks next fiscal year. That could be double what it spends on buybacks. Another stock, jp penny, another high profile departure from the board of directors. This time its Vornado Realty trust ceo ross. In that filing they say it will review its investment there. Vornado has previously said it intends to sell its jpc stake in the not too distant future. Certainly watch those jcp shares. Thank you so much, dom. More eyes on the Federal Reserve next week. Many anticipate the central bank will begin tapping the brakes on the Bond Buying Program during wednesdays meeting. At the end of the meeting we could hear they took tapering from 85 billion a month to 70 or 75 billion a month. Reports the president is getting closer to nominate Larry Summers to run the Federal Reserve once ben bernanke steps down next were year. Lets get reaction from grant Interest Rate observers, jim grant. Good to have you on the program. Thank you, maria. Nice to be here. At the risk of saying will the fed taper, will the fed not taper because thats sort of guesswork, although im sure you have an opinion. No. No, okay. Let me ask you what to do about it. If we were to see the Federal Reserve comes out and lowers the number of bonds its buying, should we be moving . Should we be doing is there an investment play there . I think not in this very well ventilated and internally discussed business about what the fed will or will not do. The way to proceed in investing is look for margin of safety, universally viable, cheap and promising on the basis of fundamentals. I have a nomination for you. Okay. The most loathed and detested securities are common equity of russian oil companies. Luke oil, rosnev, gasprom, trading at six times. Is that it . Upward of 4 . Luke oil is the most westernized the of the three. Reports in english gap. And i think you can buy the adrs here. They trade in relatively liquid fashion in london. Gasprom is most like Vladimir Putin in that it reports intermittently or at length in russian. Gas prom is meant to be the worlds worst company, Bloomberg News announced it at such. It trades at less than three times earning . What if things go right . Insider buying there, multiple reserves, a tiny fraction of not only american oil makers but also of emerging market oil companies. Emerging markets i like the dividend story. I like the oil story. Because oil is at 107 a barrel right now. Right. Emerging markets are generally out of favor. Not is so out of favor than russian oil. Grant observer, taking the realm into russian industry i think you should stick your neck out here. Thats what necks are for. These answer Value Investors criteria for something that is offers margin of safety, reasonable business prospect and out of favor. Someone told me so well a while ago, successful investing is about people having to agree with you later. Yeah, i get that. This is an equity and really a valuation call because they trade so cheaply. Correct. Its an asset call and possible management turnaround and perception call. Theres no end of reasons to distrust russian commerce. Let us say governance is not the strong suit of the heirs of the josef stalin interviews. We as investors are about to look at anything. The sentiment is compelling and the opportunities are, shall we say, seemingly distant. Well have to look at that because valuations certainly looked attractive. I didnt realize they were that low. Putting that valuation call aside, do you think fed tapering means higher Interest Rates . Weve seen this huge move in the tenyear. Do you think if we see tapering happen, does that rate even go higher . I think a lot of this certainly must be in the market. Weve talked about nothing else for the past six months. It seems to me, for whatever its worth, that bonds might be going up just because bonds are going up. You know, Interest Rates in the past have trended going back more than 100 years, have trened in generationlike cycles. Thats the tendency. Not the law of nature but the tendency. Interest rates went up from 1946 to 1981. They have fallen for the past 30odd years. It might just be at nothing percent per annum they will owe enough that it will be youre seeing the beginnings of a longterm odyssey higher. I think thats the case. Fed chairman, what about that . Whos the right candidate for the job . Do you buy into that its either Larry Summers or janet yellen . I, frankly, dont see much difference between the two. You dont . In that both are on the side of suppression of market forces. Both believe the government knows best with level of Interest Rates. Both have boundless faith in human beings to override. I think what we want in a chairman fed is a set of convictions embodied in one person. The set of convictions would have to due with respect for monetary history, the respect that gold has commanded in monetary history from the beginning of time until yesterday, as time is measured, respect for mechanism and wisdom and intelligence of the marketplace. What we have seen under chairman bernanke and before him, to a degree, chairman greenspan, systematic overriding of the market by this collection of Government Employees called the federal open market committee. Does it make sense . I. Know. A lot of people youve been the voice out there to explain why it doesnt. Im glad you mentioned gold. Down 22 this year. Where are you . Do you think im very bullish. Still . Yes. Markets are per verse. They tend to throw you a curveball when youre looking for some heat. And gold perversely is down in the face of americas loss of geopolitical standing. Its down in the face of this drama over the fed. Whos the next fed chair . We dont know. We will certainly it seems to me the market is imputing all manner of competence in the Federal Reserve that has shown every reason to doubt its confidence. Jirnlgs always a pleasure. Good to have you on the program. Russian oil companies. Jim grant joining us. Coming up, dont miss my exclusive interview with michael dell fresh from his victory to maintain control of his company. He has big plans for dell. Do those plans involve taking the Company Public once again down the road after taking it private on this round . First, fire and floods. Out of the bible and out of real life in america this week, unfortunately. A raging fire destroying a large section of the rebuilt new jersey boardwalk. Just what they needed, unfortunately. Fast rising floods swamping colorado as well. Well take you to both places live next. Cond. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Welcome back. Jersey strong will need to flex its muscles again. A year after sandy devastated the jersey shore, they face a new recovery. This time from a heartbreaking blaze. Scott cohn is live in seaside park with the aftermath. Over to you. Reporter maria, its heartbreaking because they were so close to coming back. Both in spirit and financially. This summer was not good for businesses on the shore. They were down 30 , 40 from a normal summer. They figured they could make it, especially if they could pick up a little more business in september and maybe into october. And then a windwhipped wildfire that took out some 30 businesses, devastated the boardwalk in seaside park. They had to fight it like a forest fire, so whipped by the wind, jumping from building to building. They had to dig two trenches through the boardwalk they just spent tense of millions to replace after superstorm sandy. After they were doing all that, they were trying to preserve evidence because theres the possibility, although its too early to tell, this was not an accident. Governor christie says the task ahead now is to rebuild. Hes determined not to destroy all the work thats gone on in the ten months since hurricane sandy. I know that we lost a place that has provided generations of memories to our citizens. We will rebuild. Well make new memories for our families because thats what we do. Reporter there were no injuries fighting the fire, but this morning three officers seriously injured when in a mishap involving a transport vehicle. Their condition or identities not yet released. Maria, back to you. Thank you so much. On the other side of the country, another disaster. Deadly floods in colorado forcing thousands of people to abandon their homes. Nbc leanne gregg with the latest from boulder. Reporter maria, for the first time in a long time, weve seen some sunshine today. Thats not expected to last. Rain is expected later this afternoon but nothing like we saw before. And you can see the cleanup effort is well under way here. A few hours ago this looked like a river at the intersection and yesterday it was a raging river. They cleared off the mud, debris, the rocks that had fallen down from the runoff that came from the mountains. There are still swollen rivers and streams of concern. Evacuation orders are in effect in many places in the region and the problems are far from over. The flooding threat will continue for the next couple of days because even a little bit of rain with the saturated soil could cause some problems. There are multiple road closures still, bridges have been torn apart and roads have been damaged. A lot of work and planning and assessment that will be happening within the next few days. Also more than a dozen people are unaccounted for in Boulder County alone. Even though the weather has broken a little bit, the problems and uncertainty remain. Maria . Thanks very much. Well take a short break. When we come back, my exclusive interview with michael dell coming up. Your name is on the door. Is the point here to take it private, fix things, lead this company to where you need it to go and then take it public once again . Wait until you hear how he answered that one. A lot more with michael dell coming your way. 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At massmutual were owned by our policyowners, and they matter most to us. Whether youre just starting your 401 k or you are ready for retirement, well help you get there. Welcome back. With the battle for dell between michael dell and carl icahn is over, the company is looking forward. The road ahead is not without challenges. Its not traditional competitors like ibm, amazon even mobile computing pressuring the company. Today i spoke with dell founder and Ceo Michael Dell about how he plans to turn things around after his bruising battle for control of his company. What about the distraction. A number of people i spoke with were saying, look, this has been such a disaster these last several months, you know, this public fight with carl icahn and southeastern and t. Rowe. Itd that take away from the Business Environment and demand because some customers were worried. In the process theyre not going to wait around while this process is around. Theyre going to move to your competitor. How much was this public battle in terms of impacting business . Let me take this opportunity to thank our customers by not being too distracted by it. There was some distraction, for sure. The team at dell did a great job staying very, very focused. In the last quarter, our Enterprise Business solution grew 9 . One of our principle competitors also had a 9 change in their business, but in their case it was negative. Were playing offense. Were on the attack. Were growing, expanding our share. This is the dell that, you know, many of you are very, very familiar with. And youre going to see it in all of its glory. Absolutely. Let me ask you about that Enterprise Business because you said revamping the Enterprise Computing Services Business in the mold of ibm is a complex undertaking and best performed outside of the spotlight. I get that. Doing it as a private company. When you look at the actual Enterprise Business, we all know that ibm is the leader here. And ibm is even struggling. Just recently the cia puts out a request for proposal trying to get proposals in terms of how to modernize the cias business everybody puts their proposal on the table. Who did they choose . Not ibm. Amazon web services. How competitive and tough is amazon as a competitor right now for you . You know, this is a very large industry space. We just we just, you know, migrated the Singapore Stock Exchange off their main frame, rewrote their applications and put on it on an open Industry Standard platform powered by dell. Weve done 1300 of these main frame migrations. The thing you have to remember about our space is this is a 3 trillion industry thats going to be a 6 trillion industry. Dell today has roughly 2 of the 3 trillion, but nobody has 4 or 5 . Its inincreasably dispersed, a large number of companies. You know, were providing the infrastructure for a lot of the Cloud Companies that are out there. But i guess the point is, as it relates to enterprise, when youre talking about the leader in the business, ibm even struggling to hold onto the number one position that you just said moments ago, its fractured, you know, nobody has 4 of the market, how does dell do it when, in fact, the leader in the business, ibm, is struggling . You know, have you left the Larger Companies on the cutting room floors . Are those deals already locked up with ibm and hp . No, theyre not looked up at all. Two days ago we just won the server business for one of the two or three largest banks in the world. So, were absolutely in there with the Largest Companies in the world, winning new business every single day and very aggressive with those customers. Again, the same solutions that were building can scale, you know, to those very large businesses. We just see that all the growth in employment, certainly all the new startups, you know, theyre consuming an enormous amount of technology and theyre rapid adopters of technology. You said one of the priorities and opportunities is emerging markets. We know emerging markets have been slowing down quite a bit from the peak levels of a few years ago. Tell me what the opportunity there is. Specifically, what emerging markets are you betting on . You know, weve been in these markets for decades. Were really not concerned with the next quarter or two. Were thinking about these markets in 5, 10, 20year increments. We just see what happens in these markets is that, first of all, any country in the world, they have banks. They have governments. They have retailers. They have financial services. They have telecos. All of those organizations need enterprise class i. T. That dell provides. Were all over that. What we see is the next billion users are not going to come from the developed markets. Theyre coming from emerging markets. Yes, theyre volatile. They go three steps forward, two steps back. You know, that sort of thing. But basically over a long period of time, Enormous Growth in these markets. We built very substantial businesses in china and india, brazil, and so we believe in those markets for the long term. But, you know, when you look at the emerging markets, i can understand the opportunity, certainly, and particularly in some regions where theres real population growth. Why wouldnt all those people get a mobile phone and get access to the internet that way . Why do you think the emerging markets with the population growth and the tremendous potential demand, why do you think thats a pc story when we know there are 6. 6 billion mobile phones on the planet and only a billion pcs . Thats where the growth is, mobility . The there are some things you cant do with a mobile phone, right . And if you look look around the world today, theres a lot of work that occurs other than on mobile phones. You know, the way to think about this is transportation. All right, you have shoes, a car, trains, boats, planes, rockets, you know, who knows, other ways of transporting. Because you get shoes doesnt mean your bicycle goes away. You get a car, the bus, the plane, the train doesnt go away. Many forms of computing. Youve got computing in the cloud. Youve got, you know, computers that you take with you, small ones you wear. Machinetomachine communication. Computers talking to each other. You go out 2020, 70 billion devices all talking to each other. Youve got to store all that data somewhere. Dell ships more terabyte of data that anyone else in the world. You have no pressure to have a mobile phone, to put dells face on some mobility product out there . I mean, you know, youre not planning you spent 13 billion on acquisitions so far. Can you acquire a phone company . Can you acquire mobility . Well continue to make acquisitions, you know, dell has a very strong balance sheet. We generated over 22 billion of Free Cash Flow in the last five quarters. And over 4 billion just in the last 12 months. If you look at our investments, theyve been in the enterprise. Theyve been in the data center and security and software and systems management. And, look, this 3 trillion industry going to 5 trillion, 6 trillion, is enormous. You dont have to play in every single space. And, you know, this company can absolutely grow and do just fine without being in the mobile phone business. You found a partner in silver lake partners. And you said on the call yesterday, you said, significant incremental investment is required to turn around the country and having two strong prooichlt investors will aid in that restructuring. Tell us, how much input will silver lake have on strategy . Silver lake and i are partnered together in this. You know, theyre a fantastic firm with a deep expertise in technology. And, you know you know, its a great relationship that we have. Im certainly in control of the company. And i value their input and their help and advice. But, you know, a lot of people i spoke with, michael, they never even doubted you would not take this to the end, you were never going to walk, because at the end of the day your name is on the door. Is this really about your legacy and not about growth at all, but really about the fact that you founded this company, your name is on the company, and you are looking at your legacy and need to turn this around . You know, were building a great business here. Thats what ive been doing for the last 29 years. Thats what were going to continue to do. A lot of people said a lot of things about the company, you know, during this process. Ill sort of set that aside and just say, i think we have a fantastic business. And i remain optimistic and have a you know, what i believe is a great forwardlooking vision for the company. Were going to make the investments. You know, this is a company that our customers love, right . And we are honored to serve, you know, tens of millions of customers around the world. Thats really our passion. 100 of our energy will now go into that. All of our other distractions are falling by the wayside. You took this company to be one of the leaders in the pc business on a global scale. Your name is on the door. Is the point here to take it private, fix things, lead this company to where you need it to go and then take it public once again . You know, were were very focused on doing the right things for our customers, growing this business. I believe we have some great foundational businesses. Well make the right decisions, you know, in the future. As i said, you know, revenues to date, over 765 billion. Maybe we can get to a trillion. Its coming soon. Ill come back on your show and well have a chat about that. And we look forward to that. My thanks to michael dell, fresh off that victory to dell. Well have more for you. To gridiron to wall street, two nfl pros turn stock jocks. Theyll weigh in on this weekends nfl games and next weeks market action. Should you own Goldman Sachs stock as they they clenched the lead underwriting for the ipo of twitter . We went out and asked people a simple question how old is the oldest person youve known . We gave people a sticker and had them show us. We learned a lot of us have known someone whos lived well into their 90s. And thats a great thing. But even though were living longer, one thing that hasnt changed much is the official retirement age. The question is how do you make sure you have the money you need to enjoy all of these years. Thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. Welcome back. It is week two of the nfl season. Our weekly feature, playing the game where two former nfl players become wall street pros turn big skin profit into a profit. Joining me is phil, and in his prior life played wide receiver for a number of nfl teams, including the new york giants, where he scored a touchdown in super bowl xxi. Scott brunner, onetime quarterback of the giants. Although the two were not teammates. Now executive Vice President and partner with net worth management. Good to see you, guys. We actually did overlap. We did, yeah. Okay, great. We had a summer together. Okay, the summer together. Phil we went to summer camp. Like sleepaway camp for old people. Sure. Phil w all the rule changes protecting players on offense, you think you guys would be able to suit up and play today, dont you . Maria, im very impressed. In fact, if this gig doesnt work out for you, theres probably a job for you as a color analyst in the nfl. Thank you. Youre right. Youre right, maria. The way these rules are today, scott remembers back in the 80s you could beat up a wide receiver at the line of scrimmage. It was worse the generation before us. You could throw a wide receiver into the bench. Today you cant touch anybody. The hardest part of playing wide receiver is getting off the line. Thats the eastest part now. I think in our mid50s we can go out and pitch it. Weve done it enough over the years. Weve gotten on the field and phil can fly. If you zoom in, you can see where i took a few shots on the chin. Youve taken a lot of shots, actually. I want to thank my fantastic ace Team Producers for helping gear me up for this. Scott, let me ask you about marking the fifth anniversary of the financial crisis. Five years since the worst crisis any of us have seen, certainly in this generation. What are your clients biggest concerns right now . There are scars left over from that those days back when the lehman and behr sternz were imploding on themselves. People right now are worried about Interest Rates and retirement and how that affects them going forward. What do you tell them sgimp fed meets next week. Do you think rates creep up . , yeah its just natural. Rates have to go up. They may not go straight up from here but theyve been historically low for so long. And artificially held low as most of your guests have talked about throughout the day. Its just natural they have to go back up to a natural level. I guess youre so access sesible, people both of you, phil, scott. Both of have you been in everybodys living rooms on television every sunday and monday. Does that help you in terms of, you know, being accessible to the client, that familiarity . I think it was a natural for us, both being in the Financial Capital of the world to fall into financial services. When you played for the new york giants and you made a cold call, its very helpful, maria. I bet. We asked you to pick two nfl games this weekend and givepred. Scott, i want to begin with you. I had to go with broncos and giants. Thats one im going to watch. Im going to watch that one. Manning verse manning. Love the giants. I cant stray too far from home, even though i did play for the broncos for a couple years in the old days. I like the giants 4135. The other great game this weekend everyones looking at is seahawks and 49ers. My brother happens to work for seahawks, fill disclosure needed. Im going with seahawks, 2117. Two big games and good ones. Both your alma maters are playing each other this weekend. Thats something to talk about. Phil, you played at navy. Scott, you played at delaware. We know who youll pick, i guess, right . Absolutely. What do you think the scores will be . Go ahead, phil. Its 4440, navy. Up and down the field. That option, triple option that navy runs is pretty lethal. But delaware, theyve been a great team for a long time. In fact, scott sitting right next to you, maria, hes a national champion. They won it in 1979. Yeah, this was a great experience. And one of my prodigies, joe flacco, obviously, a super bowl mvp, he quarterbacked the last win against navy about six years ago in a thriller. It was 5 551, i think. Exciting. I like the blue hens this year, 4842. Same as phil. I think its going to be a highscoring affair. Phil, what are you picking this weekend . Well, for the pros i think great minds think alike. If you look at the giants game against broncos, those are two of the most compelling games all weekend. Invariably youll get some other game nobody thinks is any good turns out to be the great thing. Thats the great thing about the nfl, the drama. As far as the giants, its kind of like looking at im an tempora contrarian when it comes to looking at football. Its like the odd lot theory in investing. You go contra to the small investor. Im going to do that in this game, too, agree with scott and pick the giants by four points. A little less, 3127. I guarantee you two things. Peyton manning will not throw seven touchdown passes and giants will not have six turnovers. The other game, same thing, i do think that seattle and San Francisco are two very intriguing teams to watch all year long. They have two dynamic quarterbacks who have made this transition from college to the pros almost seamless. You can get in all the reasons why. Theyre playing wider open in college than back when we played so transition is easier for these quarterbacks. Have i to go with seattle at home. I dont have a brother or brotherinlaw working for the seahawks but i know what a venue is there and how tough it is for the opposition to play. So, by a score of 2117, ill take seattle. All right. Good stuff, guys. Real quick, you want to buy stocks right here . Well slowly investing. Were not jumping in, the deep end. We keep invested, fully invested most of the time. Phil, what about you . Real quick. Well, i think for our clients, its a more longer term thing. Theyre very bullish on the Energy Sector especially. We have one client that thinks were going through a new american renaissance do you to energy. Well leave it there. Two superstars from the gridiron to wall street. Thank you, gentlemen. Well be right back. More closing bell. 03452550 and the better i am at them, the more i enjoy them. Tdd 18003452550 so im always looking to take them up a notch or two. Tdd 18003452550 and schwab really helps me step up my trading. 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Tdd 18003452550 open a schwab account and learn how you can earn up to 300 tdd 18003452550 commissionfree online trades for 6 months tdd 18003452550 with qualifying net deposits. Tdd 18003452550 call 18882542600 today. Tdd 18003452550 wall street has not always been socially hospitable. Seema mody, over to you. Social networking is proving to be a profitable sector. The Global Social media etf of probably 50 this year. It hasnt been a smooth road. Shares of facebook were down 50 . Analysts unconvinced it could grow its mobile business. The stock tumbled 18 in the first three months of trading due to a slew of downgrades and disappointing earnings. But thats then, this is now. Groupon, facebook, pandora, over the past three months, more people are using their services on mobile devices and positive commentary from the streets. Wall streets growing appreciation for social media has helped linkedin trade above their price. Maria, back to you. All right. Thanks so much, seema. Goldman sachs investors, Kayla Tausche is reporting. Lets ask brian what that might mean for the banking giant. Brian, would you guy goldman on this news . Its a good pr move for Goldman Sachs here. The bottom line is, twitter itself is going to be a phenomenal ipo. But for Goldman Sachs, its not a huge income generator here. Lending is getting a little bit tighter, but im not a big buyer up at these levels. I would rather own stock like technology. Other areas, industrials, thats where i want to be right now in a rising Interest Rate environment. Goldmans probably a sell right here. If you get a pullback, i like goldman for the long term. If they hit the growth rates, i like goldman for the long term. Just not up at these right here. For more action, tune in to options action tonight right after fast money and closing bell. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. Finally tonight, my observation of what the jump in oil tells us and what the Foreign Policy values would be better in their own independence. Crude closed above 108 a barrel. With more unrest looming potentially over egypt, no downward spike is on the horizon here. Oil is one of the biggest expenses for american consumers. Increases have wide and deep implications. With the twoday fed meeting starting next tuesday, policy makers will probably come to a decision on tapering, and consider the most recent Economic Data as well as the wealth effect that is the stock market. Policy makers also ought to look at the price of oil and implications. Many strategists look at the oil on the tax on the consumer pocketbook. With less money to spend on new Technology Gadgets or travel, whatever it is, energy, of course, has been catching a bid lately in the stock market frlt not only on the rise in the price of crude, but also on the idea that the u. S. Could become an oil exporter by 2020. And yet the debate on fracking rages on, even though study after study, many commissioned by the government, by the way, has said fracking can be done safely, with no impact on water tables and the environment. Ive said many times on this program that the u. S. Is rich in natural gas. And many Energy Watchers believe that fracking would not only help with energy independence, but be a game changer for jobs. The second Largest Energy producer behind russia, saudi arabia is afraid of u. S. Fracking. The saudi prince said publicly that u. S. Fracking is bad for saudi arabia. Russia needs oil to stay above 100 a barrel just to make its budget. As we wrangle with russia over syria, perhaps america might turn its attention to its own economic independence by ensuring one of the worlds most important commodities can be produced right here at home. Take a look at the market today on wall street. It was a good day once again, up 75 points on the dow. The volume was just not so strong today, 564 million shares traded at the big board. Nasdaq picked up 6. 25. That will do it for closing bell tonight. Have a fantastic weekend. Ill see you on the money over the weekend. Fast money begins right now. Live from the Nasdaq Market site in new yorks times square, this is fast money. Heres tonights lineup. Boom or buzz kill. Social media stocks are flying high. Twitters going public. Is there bubble trouble ahead . Cashing out as stocks surge in september. Were keeping an eye on one sector that looks overstretched. Celebrities are sporting the wearable tech trend. Im melissa lee. Lets get straight to the top story tonight. The dow h
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