Countdown to the closing bell starts right now. Liz good afternoon. Breaking news right now. The securities and Exchange Commission has Just Announced insirges against a former Green Mountain employee and friend. The two allegedly obtained Quarterly Earnings data and traded advance of that data release. Right now we are seeing shares moving lower by about half of a percent. This is a company that has come fighting back. The annual low of this company, the stock had been above 20. You can see that if we stretch it out to one year, it has been a good climb back. Bad news for the company, but the stock does not appear to be getting hammered too terribly at the moment. Once again, to employees of Green Mountain charged with Insider Trading by the sec. Getting their early and releasing it to important parties. We will be following this story. The markets. Its a comeback. Markets are lower at the moment. The july jobs report confuses and then disappoints and then someone calls the market. You can see, that does industrials down seven points. Right after the data came out we fell 69 points. 3 the nonfarm payroll number is not as important as what we saw with the Unemployment Rate. The Unemployment Rate hit its lowest level in nearly five years. The jobs report is still disappointing investors. The economy only added 160,000 jobs. So the two basic ways . And managing director and senior economist at wells fargo. And the ceo and president of Intrepid Capital have pointed opinions on this. Since they go by your last name, the two important things yourself from this number. Well, first off, the jobs number, the increase was not as great as we thought. We saw a downward revision. Not as much momentum as we saw previously. A job in the Unemployment Rate. A bit of a surprise. Expecting a comedown. We are making progress, but the recovery rule would like to see, but it is still kind of sort of a recovery. Liz it is all kinda sorta. Let me get your spot on this. Two important things the jobs data you. I would say, liz, all dressed up with no place to go. I mean, if you really look at the recovery since june of of nine, the real median wages down over the last five years. Five grants to 51,000 per annum. And the Employment Base is now 135 Million People when it was 138. And the numbers, the midteens. So what if we had some people decide not to work in the rate dropped. Emmy, it makes traders feel better that the fed wont pull the idea of qe out of the arm just yet. For this update for making for progress. Liz can you for our viewers talk about the use six facts. I start to glaze over, but it is important, and you just articulated the reasons. It is important because it is a broader based look at the level employment and unemployment in this country. It is people that are a disgrace , working fulltime. It looks at the where Employment Level which i quoted. Sixtythree. It is really a postworld war two low. So here we have had all types of monetary stimulus. Poorly thought out fiscal policy we are just not going anywhere quick. Liz we will get it to the predictions on exactly when the fed will already began the infamous discussion of tapering. Whether it will become reality and when that is coming up. They will stand by for us, but there was something that we will remembering. They downgrade. It was a friday if after markets closed one. The following monday both our u. S. And international markets, while the market fell into a shortterm selloff, look how far they have come since. Dozens industrials up 30 36 . S p 500 of more than 40 . And the nasdaq up 45 . Unbelievable. Lets see where traders think. Two years after the downgrade would pretty good numbers. At the time on that monday i remember seeing you on the floor because we did our show live. There was confusion. Warren buffett told a fox business exclusively, im not worried about the subtle. Well, and i guess he was 100 percent correct. He is always correct. The markets you know, the markets up without clearly a remarkable performance for the last two years. The last year. Particularly the last six months. Whether were climbing a wall of worry or whether the market is simply telling us in spite of all of the concerns and all of the fierce that we are going to be fine. The economy is going to improve. And eventually eventually hopefully the fed will get back onto a more even keel from an interstate point of view. But for the moment the fed is being very accommodative. Their earnings this low. And some signs of growth out of the eurozone. Liz but then he let the numbers. Between the market showing resilience, like they did two days ago or a day ago when across the flat line. Its interesting, this behavior. Is it not . People were focusing really heavily on the employment numbers, sale is due. Is a disconnect return employment and whats going on in the economy. I believe our economy is at the turning point. Europe may be on the upside. So i think he even the market is saying employment is not there. Will figure that out. The Economic Data is pointing to better figures, which is going to lead to irish stock market. Liz in the oil sold. Yesterday it showed resilience. And from one day to the next, i dont think people even know why happen. Well, right now, yes, that jobless claims the way that they came and put some weakness into the crude oil market. Looking at right now, we will have an awful that, but not much of one. The bottom we see right now is one or two and a half. Thats it. Im calling for higher in crudeoil. Liz to you guys remember what happened two years ago when that downgrade came through. Youre probably in chicago. After market hours. I absolutely remember. I did not think they had credibility they some of them before. The one thing that you really need to look at, put things in perspective and since 2000 we are not much above where we were at that point. We are just getting back everything that we lost, and i think were starting a new point. Im pretty confident. We will have drops. Im not worried about right now. Liz lets point out, the nasdaq yesterday was setting a 13year high. So looking better and better moment by moment. Have a great weekend. Right to see you. Heres a look to some of the other stories making big news right now. Gold futures. Behaving very interestingly. Rebounding after initially falling more than 205 right after the jobs report. As soon as those numbers came out gold fell, but then you can see that decline drive back. Came back down once again. A rough day. Closing at this right here. We have at 1,308 per troy ounce, down about 28. The deal with dell, pay attention. Michael dell, founder and ceo, he said it was over. Hes raising his buyout offer at 13. 705 per share, but adding a 13cent special dividend. There is the race. That is in exchange for changing the voting rolls. So after he said that was it, were not doing any more. Neither is possible possibly a special dividend. The vote scheduled for this morning. Pushed back once again, but this time way back to hecant get it done there, forget it. Billionaire investor carl icahn went nuts over this. He tweeted, this battle is far from over. This fight over a dial clearly has a lot more twists to come. He says he is pleased to win another battle in adelle war, but not giving up. And the total return bond fund suffered a a seven and a half billion dollars outflow last month. Thats the Third Straight monthly outflow outflow for the fund and follows nearly 10 billion in redemptions in june. Okay. Not everyone is right all the time, but it is interesting that a lot of people put their money with am hoping that he would make the money. Theyre fleeing at the moment. Closing bell ringing in 49 minutes. Clipping Grilled Cheese sandwiches. We are talking to the founder of what they are calling at tech startups, even though youre looking at food like we are. But the text are up is doing exactly that. This company and ceo have won the backing of some of the biggest money man in Silicon Valley. And as we said at the top of that show, the jobs conundrum, what does todays payroll report mean for the Federal Reserve and, of course, for you, the investor . Your playbook from the two best and brightest on the economy and markets. A meeting of minds you not want to miss. Dont go away. With the spark miles card 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 on my spark card. [ garth why settle for less . Ahh, oh [ garth ] great businesses deserve limited reward heres your wake up call. [ male announcer ] get the spark Business Card from capital one and earn unlimited rewards. Choose double miles or 2 cash back on every purchase every day. Whats in your wallet . [ crows ] now wheres the Snooze Button . And this pk the inside of your body. See, the special psyllium fiber in metamucil actually ge. And that gelling hes to lower some cholesterol. Metacil. 3 amazing benefits in 1 super fiber. Liz earlier this year, people were saying dont invest in social media. To social Media Companies posting doubledigit gains. Looking good of the past couple of months. The polls on the floor of the new york nicole was on the floor of the new york stock exchange. Reporter two names on the internet doing so well. Linkedin and yelled, both of which hitting new highs, record highs today. 14 . Linkedin is up 11 at the moment. Yelp is up 40 percent this week. Second quarter loss narrowed. So the loss that analysts had been predicting. Stronger than expected revenue growth. And nice, long chart of revenue, the stock. They raised their fullyear revenue forecast. As far as linkedin, linkedin has been boosting there dramatically. Robust. That is good news. Coupled with the fact that they have a highly trafficked website , a mobile application that continues tt grow. The revenue grew 59 , so handily, easily beating the street. And both linkedin and yell barstow of performers on wall streets. Liz thats good to year. Listen, the markets central figure in that it might be a stellar performer because the Federal Reserve, of wedding the see what it will do, but the fed, of course, we know is to at some point cut back on the huge Bond Buying Program. With fewer than expected jobs, will the fed put the brakes on its tapering plans . For those of you knew to investing, we are not like other business networks. The Bond Buying Program was put into place to give confidence to people to put investments into the stock market. Clearly it has worked, but as soon as you start tapering people wonder if it will implode. Mark vintner is the managing director and senior economist for wells fargo, back with mark travis of Intrepid Capital. When the expected tapering program to at least begin . Well, i think there will try to ease us off of the ledger so the speak. You know, i would not be surprised to see some burbage in september that indicates the pace of buying will may be slow a little bit. You know, we are in unprecedented territory here. And it is going to be interesting to see if they can bring us back from qe. Liz well, mr. Venter did not give me a september. I am wondering if you will. Vendor or travis . Liz smart travis, please. Can mark travis jimmy . Yes. Im right here, liz. I think you will see some for ridge in september. I dont know what mark thinks, but you will see something of that magnitude. Liz what about you . Yeah, i think that the september 1718 meeting, there will probably announce. That is also when the discussions about the you know, the budget will reach ahead. So theyve really give themselves some wiggle room. Theyre having a debt ceiling debacle like we did a couple years ago. Maybe they back off. In terms of qe, the reason they put that in place was to provide some Downside Protection for the economy. It did lift the market, but theyre worried about the economy sliding back into recession. While its nothing to write home about, the Downside Risk to the economy has been minimized. Firsttime unemployment claims of alaska have been since january 2008. And a drop in the Unemployment Rate, of that has come about is people have left the work force a lot of it has also come about because there are fewer layoffs. At least the Downside Risk is minimized. Its time. Should have done in a while ago, but the economy, its safe enough for them to begin to taper. At least september, beginning october. Liz i want to alert everyone, it looks like the s p is about to go positive right now. The dow was not far from it either, down just one point, s p down a tiny fraction. Again, i bring of the resilience of the markets because you are looking at an opportunity here when the market is speaking. As long as the fed is in place this is what we are going to do. Go into stocks. Thats your best chance for yields. You have some stock picks. Less talk about. One thing i would point out, two things actually. One, the Atlantic CoastHurricane Peak of the season is september 15th. Between Hurricane Season and the debt debacle and the fed, you know, you might want to get a generator and some extra food and water. But with that aside, i also think its interesting the you have some very knowledgeable private equity buyers in the form of leon black and tony james blackstone. This is a great time to be a seller. Frankly, i think it is not a bad time to be a seller. Its a much more difficult time to be a buyer, finding a company that is eight times its enterprise value to pretax cash flow. Liz i just want to tell people. Pan american silver, check point software, and to global payments. Those are three names that im guessing you feel its not a good time to be a seller. Well, i think we are looking for using conservative valuation techniques, a discount to a conservative valuation. At think in each case here we have really attractive balance sheets, panamerican silver, a difficult business phibro. That might have been expropriated in argentina, mine in mexico, brew, peru, bolivia, not to mention was silver is done of the last three or four months. You have no debt, for under 50 million cash and a 4 dividend. Checkpoint, a 11 million market can. Gp and not quite as good a balance sheet, but a pretty nice amount of capital. Liz and going to interrupt you because we only have a few seconds. Let me ask you to bounce off the end what you feel is the truth about the markets. Is it a good time to sell considering what the other marchers said . Well, this is a difficult time. August is a tough month. August and september are tough. At the same time, its always a good time to buy stocks. Warren buffett earlier, if you buy good quality stocks and live to be old enough, its going to work out well. This is a tricky time. You want to buy them on sale. Liz thank you both for talking about this. Just as i said, everything would go positive. Just barely, down about two points, s p down a quarter of a point. The closing bell, 38 minutes left. The hollywood superstar verses a hedge fund or a star. George clooney comes out. Wait until you hear what he said in just a moment. And imagine that text part of that focuses on growth sees and touches. Definitely no flash in the pan. The founder and chairman about his recipe for success, not just in the sandwich business, but a guy who founded the company that made slipped and. Can he do it . [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your side. Bounce is great because the freshness lasts for weeks in the drawer. Why cant everything stay fresh that long . [ male announcer ] how do you get your bounce . [ man ] lasting freshness. [ male announcer ] how do you get your bounce . Join us at projectluna. Com the s and he just entered a positive end and now we have the nasdaq also moving to the upside. Talk about getting into each others business George Clooney is going headtohead with a nasty fight over sonys future clunys said he is a hedge fund by that knows nothing about the movie business the sony stock is pushing the company to spin off the entertainment asset. In a recent letter saying that the pipeline is believed in he pointed out the two Major Box Office bombs but George Clooney came back to say he was being a carpetbagger to manipulate the market. He is in production for a movie to we released in this in december. Have to read this quote from George Clooney he said i have been reading a lot about did you the Hedge Fund Guy who is an activist but at what point does the clock start and stop for him . What about the double 07 movie or zero dark 30 . Were many men try to get into the movie business is you thank you dont know what you are doing but then broke Back Mountain comes along in makes hundreds of millions of dollars it is very interesting. Now up to points we see the markets in the green but now the nasdaq turned green first interesting move with the jobs numbers disappointing estimates. What do these have in common . There is something in common because they are the brainchild of a successful entrepreneur but it is his way from the Silicon Valley many men who put it into the Electronic Arts the end google in god who is called the immelt. And he joins me now. I love Grilled Cheese sandwiches. Congratula