how to get a beamer easy. but we start with sue and a lot of those mixed signals. hey, sue. >> hi, ty. thanks. it's a day of a little bit of confusion. the ecb and bank of china cutting the key interest rates overnight. and then there's the bang of england and the latest stimulus push, as well. mark mobius says that he is now optimistic about europe. he is an executive chairman at templeton asset management telling cnbc asia earlier today, quote, one of the reasons why i'm optimistic about europe is that all this money in emerging markets is waiting for the opportunity to buy assets in europe. so, there is going to be plenty of opportunities for europe to sell state assets or other assets so the picture looks very good. so you have all of these mixed signals. but we have kenny pulcari of i-cap and it is kind of mixed. could be a good news scenario that the central banks are responding and as some people on our air predicted last week they're kind of responding en masse or it could be they're responding en masse because they're worried. >> listen. it was not a surprise at all. the one that took everyone out of left field is china. once again cutting rates unexpectedly and so when that hit the tape, you know, futures surge initially and everyone thought it's a good thing and once you think about it, doing it for the second time unexpectedly, they're concerned about their own economy and concerned of the bigger economy and then saw the market kind of drift back and forth and off 60 or 100 points and rallied back and not seeing action this week with the holiday. >> it's a thin market. very little volume. do you think china's move in response to europe or worries about china's economy? >> there's the big question, right? i think it's in response to their own economy. a combination and worried about their own economy and i think by them lowering rates helps europe but i think their first concern is themselves. >> one of the thing this is's missing in the market is retail investor and nyse mikhail gorbachev the dark pools that they think gets the better of them. do you think it levels the playing field? >> it should. it caused the retail investor, listen, making some brokers angry as the headline said today in the paper. >> sure. >> they're not people like me. the retail broker angry because they take the order flow and sell it to the initialization engines and for the individual investor it is a much more level playing field and force them to come here to transparent and open market. >> exactly. >> which is better for them. >> retail investor thought that the game is rigged and maybe takes that element out of it. >> all the stuff goes in to the dark pools, institutional or retail and so it all needs to -- they need to shine the light on the all thing all over again. we could spend the hour talking about that. >> maybe there's a special in that. >> i'm ready. >> thanks a million. ty, back to you. >> sue, thanks very much. while the usa celebrated our independence from the british yesterday, members of the british parliament were questioning on july 4th no less an american-born banking exec to resign in disgrace this week. kelly evans is live in london now with more on bob diamond after it admitted to manipulating interest raits. kelly? >> reporter: yes. bob diamond was grilled pun intended for over three hours yesterday and he was quite clear he was upset the extent of which they were rigging libor rates to their own personal benefit before the financial crisis. perhaps more interesting in the broader context of the system because it's a benchmark rate and the comments about the behavior of barclays beyond a few traders to a firm wide practice in the financial process to lower the rates having to pay in the interbank market and the extent to which barclays felt it was okay to do so maybe gotten a wink or a nod from the central bank. take a listen. >> the note of mr. tucker says that he felt your libor rule returns could be lower, doesn't it? >> he felt that our libor rates relative to the other 15 posters -- >> could be relatively lower. >> yeah. yep. >> why then on page 2 of your named to this committee yesterday did you say you don't believe you received an instruction? >> i didn't believe it was an instruction. >> so what was it? a nod and a wink? >> reporter: that was referring, of course, to paul tucker, the deputy governor at the bank of england undergoing a transition as the governor steps down and paul tucker widely seen perps as the man in waiting. broadening this out, though, to moving to what happens next. in light of the potential involvement here, parliament, of course, has been debating whether or not to open a judge-led inquiry or to go to the political route and keep these parliamentary hearings going. we have got the results of the vote in. 320 to 239, not to pursue the judge-led route and reserved for more serious offenses but there will be -- clears the way or a parliamentary inquiry. could take several months and likely be some termination before christmas. whether or not that weighs on barclays share price remaining to be seen because even though the banks was down rated, people including a fund manager here in europe is weighing in and called barclays the cheapest bank in the world. >> all right. thank you very much, kelly. appreciate it. big day on the retail beat as same store sales roll in as chain store sales come in on the weak side. retail watcher stacy witly with her take from london and first courtney regan has the details. court? >> what a messy month. up 0.1% and drugstores up 2.5%. retailers blaming everything from the weak economy, difficult comps, calendar shifts and weather. macy's, kohl's costco missed expectations. they said the timing of fourth of july hurt. kohl's and target note the south was the weakest. but success continues. strong june comps lifting other names in trade today like ralph lauren and coach. tjx and ross store continues their strong sales. limited thanks the victoria's secret angels for another strong month. 30 straight month sales of 37% or higher. june comps are higher. back to school just weeks away. >> retailers complaining about the timing of july fourth. huh? >> i know. >> usually on july fourth, right? >> but the way they count the days for the month -- >> yeah. >> i know. i know it sounds silly. >> a little. let's get stacy's thought on this. were the numbers really as weak as they sound? >> there's question that things are decelerating. and, you know, two thirds of the retailers reporting today did miss. not a huge amount and certainly ones that missed like kohl's and expectations were low and gap was okay here. the question is how propotional were they? the international business is a big of a wreck. i have been over in london and gap is running 75% off sales right now so not a surprise here. >> target, even costco which is really a very successful franchise, obviously, they came in a little bit weaker but the luxury brands seem to be doing all right. the saks, nordstroms, right? >> well, so far. you are seeing mixed. i was surprised they were at strong at nordstrom and saks. china is slowing. we have heard from tiffany's and coach and prada and the chinese consumer is traveling less and pulling back. i would watch out for the luxury sector. nordstroms is less apt to look at tourism hits. macy's pointed out that things in the tourism -- >> tourists coming the u.s. to shop? >> absolutely. >> and not as many are doing that or not shopping as aggressively when they get here? >> exactly. if, for example, tiffany, 40% of the sales from flagship store is 40%. when that slows, that's a huge dent for that. >> that's an amazing fact. >> that's huge. >> stacy does own limited and tiffany. i bet you own some things from limited and tiffany. maybe? >> maybe a couple. >> all right. good. how zoo how's the resident insider playing the retail numbers? matt, what do you like and sfloet. >> one thing to like is tjmaxx. trending higher. they keep breaking out. they go across all customer bases from the discount to the bargain shopper. kohls with a nice bargain hu hunting in the stock. i like it for short term. saks, all-time highs. bumping up against resistance. over a three-month period so might run in to resistance at this level and looks good right now. >> all right. thanks very much. now down to sue. talking the dollar index, ty. moving smartly today. rick santelli is watching from chicago. and i wonder, rick, whether or not it's a dollar story of strength or whether it's more a euro story of extreme weakness today or maybe a little bit of both. >> i think maybe the charts help us answer the question and before the charts, two bits of data in the u.s. today. one was a drop in claims. so that isn't a bad thing. not a level we haven't seen but a level we haven't seen lately. the other data point was, of course, june nonmanufacturing ism. we have a one-year chart. 52.1 and the lowest level in two and a half years since january of 2010. now, to answer sue's question directly, let's look at the chart. here's the dollar index on a 24-hour basis and it is up smartly. one of the best ups in a while. but it really isn't about good news. here's why it's up. look at the euro versus the dollar. down big. why? they're lowering the rates and the deposit rate in particular may be taking funding away from those hedge funds and banks experience pain, pain goes down river. second, this is the pound versus the dollar. quantitative easing. never works out well and we were doing our currency trashed. same thing happening with the british pound. it doesn't end there. let's go to denmark. denmark lowered rates but also the deposit rate was the big news in negative territory. line a sign the emperor's wearing no clothes. that's in dollar terms. that's the dollar versus the krona. it seems if the parts add up to the dollar index under severe pressure. thanks central bankers for that. back to you. >> we will. thank you, ricky. big news from the world of real estate today. fixed mortgage rates hitting record lows once again. the average 30-year fixed hit 3.62%. and the average 15-year stands at 2.89%. and then there are the housing stocks. the index there, up almost a full percent. hitting highs not seen since september of 2008. kb homes, ryland all up today and wait. there's more. from the world of real estate and diana olick in washington with more on the run-up of the apartment sector. hi, diana. >> that's right. the apartment market is still hot. fueling that sector with higher rurnls as investors want to buy more, the lack of supply pushing up prices for the best properties. that's in a second. take a look. vacancies down to 4.7%. we haven't seen that since the end of 2001. 25,000 units absorbed in the quarter which is a little less than q1 and still running very high. analysts say the slight slowdown is more of lack of supply than demand. landlords watch that level as a major benchmark dipping three times in the past 31 years and that, of course, is when rents spike. the market is short about 2.5 million units for the demand sen pushing up price returns. analyst goldfarb likes post properties because it invests in the sun belt where property prices are not as high as the coast and returns are, of course, greater there. now, investors looking for lower cost commercial real estate according to analysts are shifting to the still struggling office sector because they feel there's still some great deals out there opposed to an apartment on fire. returns there depend on the all-important jobs reading which we get tomorrow and will be back then to talk about the office play. tyler? >> thanks very much. we have more ahead here on "power lunch." check out apple. back across the $600 a share mark today. maybe on word of a new, smaller, nimbler tablet device. a baby ipad. here's where we stand right now, $612 a share. $13 up on the day. next up, want a bmw? phil lebeau is live in chicago. >> it can be yours for just $90 a day. $90, you say? how's that possible? luxury car sharing business is here in the usa. we'll have the story when "power lunch" returns. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? welcome back to "power lunch." hertz, avis and zip car have a come pet tore. it's a surprise. it's bmw. hey, phil. >> hi, sue. that is area of the auto industry that's growing very quickly with car sharing. bmw getting in to the act. it's an added 70 vehicles in san francisco as part of its drive now program. these are active e electric models available for hourly rental. you go to the website and rent wasn't of the active e models up to $12 for the first 30 minutes. there is a cap. $90 or 24 hours. limit of 180 miles but looking to drive around in a luxury car for an hour or two, this is a market that bmw is confident to grow, starting in san francisco and then traditional markets. that's where we're likely to see the drive program expand to. by the way, they're among the first to get in to this luxury car sharing business. looking at the luxury automakers here in the u.s., look at first half sales. bmw led the market last year. slightly behind mercedes but the difference in the sales could be made up in the second half of this year. take a look at shares of bmw for the last three months like all of the auto stocks under pressure and people sit there and say how much pressure? down 14% in the last year. but compare that to with the s&p auto manufacturing index and you see that bmw holding up better. overall, tyler and sue, all of the auto stocks under pressure primarily because europe. >> all right. phil, phil lebeau, thank you very much for that. "the new york times" reporting this week citing several former employees that chase advisers, part of jpmorgan chase, were pushing the firm's funds to clients. mutual funds, that is. rather than sometimes less expensive and more successful choices. russell kinnel is a researcher. great to see you. i want to point out a couple of things that jpmorgan said to us in a statement saying that the advisers received no incentive for pushing the funds. all jpm and third party funds are screened the same. 76% of the strategic portfolio assets, a bundling of funds, are managed by jpm funds are highly ranked. that is their response to "the times" report. but russ, what was "the times" specifically alleging that the jpmorgan advisers were doing and is it necessarily such a bad idea that you would push the house brand fund? >> hi, tyler. yeah. what they were saying is though the incentives weren't direct there was pressure to push the in-house funds and, of course, whether or not there's a conflict of interest there's a perception pushing your own in-house funds and more profitable for jpmorgan to run and sell to the clients than other funds would be. >> so let me understand. they say jpmorgan does that the advisers themselves received no incentive to sell the in-house funds. but does that kind of miss the point? correct me if i'm wrong here. jpmorgan benefits because if they are putting people in to jpmorgan's funds, jpmorgan collects the management fee. right? >> that's right. so it's more profitable if they're putting clients in there. so, even if they try and prevent that conflict of interest, clients may still perceive there to be a conflict of interest because you have the fund company's name is also the broker so it can get a little messy. >> i'm remembering, russ, that there were a lot of companies, brokerage companies, whether it was smith barney or, you name them, paine webber when there was a paine webber, they all had their in-house branded funds. leg mason. and it did create a problem there. and a lot of those companies then severed their money management companies. right? >> exactly. it turned out that this isn't a great business model because clients are more forgiving of an honest mistake than if you put them in a fund that loses money and it's a fund with your same name on it saying not only cost me money but maybe you did it to line your own pockets and what we saw out of the bear market that ended in '02 is a lot of asset fund managers and managers separated and this is an old-school throwback controversy. >> obviously then, the buyer needs to know what they're getting in to. bottom line here, were the funds that were being sold, were they good performers? can you generalize, russ? >> well, some of them were. we like some of their funds. their core bond fund, their target date funds. others are mediocre. it's not different from a lot of fund companies. i think it's more of an issue of perception and whether there is actual pressure. it's not that they're all bad funds but any means. >> russ, thanks. great to see you again. >> good to see you. >> sue? when we come back, we're analyzing the analyst next. plus, the man behind a new "vanity piece" that blasts microsoft for quote astonishingly foolish management decisions. and if you bought the stock a year ago, you might not agree because it's up%. vote in the poll. where do you stand on tomorrow's jobs report? a lot of revisions going on on wall street today on that number for tomorrow. we're back in a flash. 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>> no. i really don't. i think we see a small upgrade in the price target and seen it bounce twice now and actual technical terms, it stacks pretty well. i think investors should be patient with this and can't expect to be in and out. >> you think it will outperform? >> sure. >> let's move on. stern ag downgrading advanced my ro devices saying we believe the slowing pc market limits the upside. the so the stock is down. >> yeah. i think so. they said they'll perform well and performing well on a relatively weak environment. pcs and chips are down. there's so much more to invest in so i think, you know, that's a good call as well right there. i think other places to make much better returns. >> no quarrel with that one. 2 for 2. moving on. fun, sun, surf, high-tech. southern california's new strategy to bring some of the san francisco treat, no, not rice-a-roni, high-tech, to l.a. katy perry, pardon me. also ahead, hit the floor at the new york nymex as the metals market closes shop for the day. listen to katy. the gold market is closing right now and with the movement we have seen in the euro, it's been an interesting trading session in gold say the least. brian shactman is trading the action for us at the nymex. >> you have that right. i'll take the broader view and look at the stronger dollar and closing easing and a strengthening dollar against the euro and a basket of currencies is driving things for the most part today. look at the chart of gold. there was a good conversation today and said gold seems to be really bouncing off of that 1,600 level and finished well off the lows of the session. one thing people are pointing out to me is global easing is long term beari isbullish on go. the rest of the metals weaker. basically palladium, the worst. silver worst of the major ones and copper, the 24-hour, after the surprise china rate cut, you see a boost. and then you see weakening after that. ecb and then the jobs data. adp report, guys, really caught the attention of a lot of people, not just on the stock market. back to you. >> absolutely. mary thompson's here on the floor of the nyse with us and that's a major story of the market today. >> it is. >> in a thin market. >> it's been an interesting day because we are seeing very modest lows. the dow trying to come back, down only 11. we had mixed data. brian mentioning the adp report, a positive jobs number. jobless number better than expected. however, the employment component of that good enough to prompt goldman to raise the forecast for jobs tomorrow. >> yeah. >> so that is one of the reasons we have actually seen the markets, one of the things that is behind the market comeback today. of course, offsetting this with the rate cuts jefr seas and concerns of europe, et cetera. the retailers, an interesting group to watch performing well today deexcite the fact that the june sales numbers worst since august of 2009. >> i think expectations were so low, however. >> and some of the positive comments made are having an outside effect in today's trade. look at the intraday of the dow. you can see once we hit the non-manufacturing number, the ism came off the lows there and then of course goldman coming up and saying it expects a job gain of 125,000 tomorrow when the employment figures come out, nevertheless, continuing to see weakness in the financials as a loser in the dow. they're having concerns of europe wreighing on them. alcoa there. interesting to know the auto companies or auto-related companies, autonation reporting strong june sales for new vehicles and then auto parts in the group looking strong in a mixed session. the nasdaq on track for the fourth up day in a row. >> yeah. we'll see to get more volume in the market. i don't know. >> well, a day like -- a quiet couple of days. >> tomorrow might be interesting with the jobs number. ty, over to you. >> thanks very much. let's go up to the nasdaq where jackie deangelis is watching the market. >> the nasdaq 100 it's apple and google positive today pushes us in to the green. look at the core groups in technology, seeing weakness. as a matter of fact, the semis down about .9% on the soks and the big names, intel, amd, micron, trading lower today and weakness in the software names. in the red today, as well. looking at the bio tech group, weakness there. not faring well today, especially on a percentage basis. but there's a bright spot to the market here at the nasdaq and that is netflix up nearly 14% on the day. ceo coming out saying, in fact, subscribers watching more than 1 billion hours of online video last month. that was globally. so some investors looking at the stock saying is it time to get back in? it looks like they might be. back over to you. >> wow. thanks very much. let's recap the big head loons driving the session. u.s. fixed mortgage rates have fallen now to new record lows. freddie mac says the average on the 30-year loan, get this, dropped to 3.62%. that is the lowest since long-term mortgages began back in the 1950s. pace of growth in the service sector slowing. lowest level for that since january of 2010. ism nonmanufacturing index falling to 52.1 below economists forecasts. shares of walmart hitting a record high today. the stock right now at $70.90 a piece. up 15 cents right now. sue? ty, it's time for the power rundown and joining us is john carny and brian shactman. brian mentioned this. the ecb in china cutting rates and the bank of england backing another 50 billion pound stimulus. less than the street was looking for. john carny, is this panic or panacea? >> neither. we have known for a listening time that europe is in a lot of trouble. this is an acknowledgment by the ecb that the economy is dramatically slowing, not just on the periphery countries but the core. germany and so i think that's a good sign. it's good that they held back a little, too. you don't want them to cut all at once and run out of ammo. >> sue, i'm sorry, i would say in china they wanted to orchestra a slowdown. right? more than they wanted to. trying to get the soft landing. coming the ecb and boe, more panic than anything. i don't know they know what to do and the qe for england is like a shield against what's going on in the mainland. >> right. well, we'll see whether or not bank of china has to move again because this one was unexpected. a lot of people are talking down here that if we see another cut by the bank of china then it's verging on panic. up next, in an effort of retail investors, the new york stock exchange proposing a new program that imitates the so-called dark pools used by larger banks and institutions. the question is it will it be approved by regulators? brian, you know, a lot of individual investors that you and i talk to think that the game basically is rigged against them so perhaps if they have the same chance that the institutional guys have, maybe it will make them feel like the playing field is equal. >> you said it exactly. maybe the closer to feel like they're not duped by the pros is good. listen, if you want the retail investor back in, feel like they're paying prices the same as everyone else's and people think that the market is rigged and to get that moderate retailer not the average-average one but the one at least watching us, this will make a difference. i know it's making some of my colleagues and maybe some people i call friends upset. the bottom line is if you want the retail guy back, do something. >> it's not without controversy, john. what do you think? >> i have to say, i don't think this is about bringing more people in to the market but fighting over market share between the big exchanges and smaller dealers, brokers and their dark pools. i don't think the little guy is helped out at all. >> what happens, though? do you have the discount brokers start to take back their accounts? will they try to switch to other places to make their trades? i mean, what might it lead to getting really angry? >> i don't think they have a choice. i think if the nyse gets the scc to change the rules they will capture soft only market share and some guys left out in the cold and fighting back about it so hard. but again, i think it's a fight between the exchanges and the dark pools. i don't think the little guy will benefit at all in this. >> well, i hope you're wrong on that last point but i take what you're saying. lastly, major fireworks failure in san diego yesterday. a glitch causing the entire show to trigger all at once. it lasted just under 30 seconds. and someone tweeted out, actually, that because of san diego and california's budget cuts, they had to cut back on the timing of the show. unfortunately, it was a new jersey company that did the fireworks show. what do you think, guys? john, you first. >> it's the best fireworks innovation we have seen in a generation. it was amazing. you know? >> it was beautiful. >> we could sing it. oh say can you see by the dawn's early light. they basically, you know, blew it all up at once. shock and awe. it was no longer, you know, we have to wait for 20 minutes until the part everybody likes, the big finale. it happens all at once. i think it's brilliant and more of this, you know, good on them. >> maybe. >> they did it by accident but -- >> i wasn't there and didn't have my kid crying afterwards. no one hurt and good thing. it's hysterical. the twitter-osphere was the best. we wanted the know what that would look like. y now you know. >> thanks, guys. that was fun. ty, over to you. moving in on the turf. jane wells is live in the heart of venice beach. jane? >> tyler, tubular, man. google's moving in. the pros and cons of a tech start-up in lala land when we come back. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil teachers academy... ...and astronaut sally ride's science academy are helping our educators improve student success in math and science. let's shoot for the stars. let's invest in our teachers and inspire our students. let's solve this. coming up on "street signs" at the top of this hour, we're counting down to the big jobs number and taking you across to america and what towns are beating the odds. what's wrong with gm? the stock is really stalling. what, if anything, can turn it around? ever wonder how much a woman really spends on clothes in her lifetime? we'll have the answer for you. back to tyler now. >> thanks very much, mandy. it used to be that southern california had it all. then the north turned in to tech land, silicon valley. now l.a. is driving for a slice of the action. jane wells is live now in southern california. hi, jane. >> reporter: hey, tyler. google has just moved in to the iconic by knack linocular build in venice. facebook is reportedly expanding in to the building south. yahoo! just up the road. good news for tech incubators like science investing in and provide office space for start-ups launching six so far. >> there's no doubt that there's a lot of wealth in los angeles created through the entertainment sector and not necessarily doing investments in technology. how do we find a bridge between that community and my community so we can create bigger and bigger technology businesses in los angeles? >> there's a strip and a head, it's so gentle a toddler could use it. >> reporter: perhaps the most well-known start-up of science is dollar shave club. this ad went viral. science is helping them get to the next level and nurturing eventup founded by tony adam who prefers l.a. not just for the weather. >> we have access to funding. we have access to great engineers. i mean, usc, cal tech with great talent. we have sales people. l.a. is such a hustler mentally that they're all here. >> reporter: michael weir used to work in silicon valley. why do this here? >> there's a certain level of expertise here in brand building and understanding what drives consumers, and what gets their blood pressure going. right? so it's something that silicon valley doesn't have. this is place where people have come for years to make dreams happen so why shouldn't they come here and make their technology dreams happen? >> reporter: now, the challenge remains access to capital but that is changing. in fact, science says more than 80% of the second round funding of big names in silicon valley. sue, not everyone's gaga about google. we have that story next hour. back to you. >> all right. looking forward to it. microsoft taking a hit of silicon valley. its loss decade blamed in part of the rise of google and facebook. the current issue of "vanity fair" looks at how microsoft lost the mojo and fingers point c ceo. why do you blame the primarily at mr. balmer? >> well, one of the thingless you are looking at here is a decade of trouble that really feeds back to a lot of management decisions. and those decisions, you know, fed during the time that steve balmer was chief executive of this company. and you can look at the decisions and see their actual impact on the progress of the company. >> it also sounds as though in reading through the article that there were too many layers at microsoft. that there was too much proofing and vetting that had to happen with any particular launch. especially when you compare it to, say, a google or a facebook. is that correct? >> that's right. i mean, at the beginning, you know, everybody knows about microsoft millionaires. the people who were making millions off of their options. and starting about 2000 microsoft shares have been tumbling. i mean, ten years ago today they opened at $53 a share. and now we're at, what? 30? and so what you had were people who couldn't make money off stock so instead they made money climbing the corporate ladder. that's a company to develop bureaucracy as people try to make more money. >> so they were focused on money versus innovation? >> well, in the end what you had was even those people who wanted to focus on innovation really couldn't. you had created -- one of the things the article talks about is the prevalence of something called stack ranking which is done in some companies but in, you know, a technology company that's trying to develop innovation it doesn't work. and what you have, stack ranking involves comparing every employee within a division or within a unit against each other and force ranking them in to a position of, you know, good, bad and lousy. and it doesn't matter who's in the group. if you're with a bunch of stars and you're good, too, but not as good as them, you could be lousy and so what that did at microsoft was create an environment where people were out to target each other rather than targeting google and facebook and so on. >> you know, kurt, the numbers speak for themselves when you compare apples to microsoft's performance. but the one thing microsoft is not is what apple is. apple creates elegant, brilliant devices. comput computers, ipads, ipods, phones, devices. that's not what microsoft is with the exception of the xbox which is pretty successful, by the way. >> right. >> they're not a device company. they make the software that runs other people's devices so the comparison has always -- and that's why they're not perceived as cool which is one of the phrases that you quote someone as saying in your piece. >> well, that's -- >> talk to me about that. >> i would disagree. that's microsoft's problem. is really what is it? you know? it is -- it did start with the operating systems and microsoft word and these were great programs. really fabulous. its servers, great. but then it started moving in to all of these businesses. i mean, it doesn't -- you know, you have zune which was the competitor to ipod. disaster. you have the iphone. supposed to be a very, very good product. the users love it but it's really not selling well because it doesn't have the ka shay of the iphone. you have them going in to pads. you had them going in to various businesses that, you know, apple was in. they went in to bing and then google was in. and one of the things you're pointing out is, is microsoft a device company? i don't think it should be. is microsoft a search engine company? i don't think it should be. microsoft has very good businesses in certain areas. and where they have -- >> all right. >> okay. kurt? >> yes. >> we have to leave it there. thank you very much. it's a great article. >> thank you very much. >> you can read kurt's article on microsoft in august issue of "vanity fair." let's gate "market flash." >> shares of pfizer down .6%. it is underperforming the broader pack. here's the reason. an indian fapharmaceutical won approval for a generic form of lyrical. this drug did bring in $1.8 billion in sales in 2011. many times kuls merles will opt for the generic version due to that attractive price point so that is one reason that sales could be pressured going forward. the stock down about .6%. back to you. >> terrific. thank you very much. next, a woorrld series baseball hit by lou gehrig. how much you pay for that piece of history? 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[ all ] i'm with scottrade. the all-star break of baseball is tuesday and we'll get ahead of the game with valuable stuff up for auction at the fan fest out in kansas city. david hunt is the president of hunt auctions. let's start with one of the really signature items here. it is a signed home run baseball, lou gehrig, right? >> yeah. wonderful piece. and a great story behind it, too. 1928, the world series playing in the cardinals, the yankees. had lost in '26 and gehrig hit a home run off of grover alexander. buddy kerlin and his friend went to the game. there was a scrum and buddy bounced off the hands. the announcer said there's the first error of the game. great family history. >> you are looking to $100,000 to $200,000 out of that. next one is a bat from ty cobb. >> pretty good hitter. this is the game-used bat of ty cobb. originated from the family of eddie oslo from detroit. great family lineage again. you can see the use and the handle tape and a place where cobb pounded out hits one after another. you see the lighter area. >> so cool. >> look at how different that bat is from what they look like today. looks like a cylinder than a less with a big bat barrel. the final item is a photograph signed by president john kennedy referring to ted williams, his friend. >> yeah. very cool piece from the collection of dave powers who was kennedy's assistance back in the period and kennedy signs it to dave and references ted williams. when you have something signed in the period with a baseball reference, obviously, with a president as highly regarded as kennedy carries great value, about $3,000 to $5,000 at least. >> signed a year before he became president or ran for president. thanks and good luck with the auction. >> thank you. great to be here. >> why is wall street still keeping general motors shares stuck in neutral? we'll explain when we return. tdd# 1-800-345-2550 i'm constantly working my screens. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance, tdd# 1-800-345-2550 so when things shift, i'm ready. tdd# 1-800-345-2550 then to track the stocks i have my eye on, tdd# 1-800-345-2550 i turn to schwab's high/low ticker. tdd# 1-800-345-2550 so i can spot a potential breakout tdd# 1-800-345-2550 before it breaks out. tdd# 1-800-345-2550 and get this...i can even trade, tdd# 1-800-345-2550 change my orders or check out my positions tdd# 1-800-345-2550 right on my chart. tdd# 1-800-345-2550 my system works for me. tdd# 1-800-345-2550 does yours work for you? tdd# 1-800-345-2550 get streetsmart edge tdd# 1-800-345-2550 from charles schwab for $8.95 a trade. tdd# 1-800-345-2550 open an account and trade up tdd# 1-800-345-2550 to 6 months commission-free. tdd# 1-800-345-2550 call 1-800-239-3234 tdd# 1-800-345-2550 and get started today. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. so what i'm saying is, people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. well, the markets managed to do it. up in the green in the dow jones industrial average. we'll see if the intern