And 900 Million Dollars are chananging hands online. Thats why the internet needs a new kind of server. One thats 80 smaller. Uses 89 less energy. And costs 77 less. Its called hp moonshot. And its giving the internet the room it needs to grow. This. Is going to be big. Its time to build a better enterprise. Together. Bounce is great because the freshness lasts for weeks in the drawer. Why cant everything stafresh that long . [ male announcer ] how do you get your bounce . [ man ] lasting freshness. Ive got headlines for you from apple this morning. And the journal reports a new ipad mini will be out in time for christmas and they will have a better high dedef displ. And its 82 billion dollars overseas, more than any other american company. They dont pay american taxes on it now, that could change if the president gets his way. And despite their hoard of cash and the new ipad mini, not everybody is hard on apple stock. A Fidelity Fund manager says he cut his stake for the first half of the year, citing apples quote, slowing growth profile. And google is launching a new phone today. And the mobile x. Made in america. It will be the companys flagship device. Its the latest into the hardware market. And google glass is not just a Software Internet company. Clayton morris is here and hell pass judgment on this. You know, its all about market today. The price of gold is up. The price of oil is up and as for stocks, looking to open, i mean, sharply higher. No signs yet that ben is going to stop presenting money, make no mistake about it, and weve got several Big Companies that are making moves right at the opening bell. Youll see them. First though, this. Nsa leaker edward snowden, a source says he left the airport and that snowden is too insignificant to damage ties between the u. S. And russia. Hes staying over there. The boys used double miles from their capital one venture card to fly home for the big family reunion. You must be garths father . Hello. Mother. Mother traveling is easy with the venture card because you can fly any airline anytime. Two words. Double miles this guy can act. Wanna play dodge rock . Oh, you guys and with double miles you can actuay use, you never miss the fun. Beard growing contest and go win whats in yr wallet . And the google phone is going to reveal today and were waiting for the details and reports say a highly customized device, 4. 7 inch screen, can it beat the iphone . Clayton morris is here in a couple of minutes. Were at the opening bell. Come in larry levin in chicago. The number at 8 30 eastern, 19,000 fewer new claims for jobless benefits. I immediate that as pretty good news. Any impact on the market . Absolutely. In fact, were sitting the an alltime highs on the s p futures in the pit behind me and we did that overnight. 1700 certainly in play and what you said the reaction to that number. 45 minutes to an hour or so ago where we had a 5 1 2 year low on the jobs numbers and theyre already near the highs and certainly pushed them to new highs. I thought bad news i thought good news on the economy was bad news on the market. Youre telling me its not that way . Well, its a little interesting, because that is what was going on for a while and the tapering is not going away. So, thats the tapering without having or with Economic Data that seems okay. And wants to push the markets higher. Its an Inflection Point and alltime high. Sometimes you throw out the regular rules, stuart and the Inflection Point is an alltime high and thats what happens today. Maybe its the goldilocks economy, i dont know. But were going straight up. Thanks very much, larry. The market is now open and its thursday morning and were looking for a gain on the dow within the next minute or so, of well over 100 points and should put us above 156. Were waiting for the move upward and its starting. Youll see it moving in some momentum any second now and keep an eye on the board. Meanwhile, a vote quote on apple here. Nicole apple is looking good. And jeffries raised their target as well. To 450, but thats where it is, 456 basically, 3 4 of 1 and now were hearing that the suppliers are working and according to sources, but a new ipad mini in the Fourth Quarter and they may be using samsung screens, so, i think thats interesting as well. Tell me about microsoft. Based on 850 million worth of the surface tablet last year and apple sold what, 26 billion dollars worth of the give me a quote on microsoft. Very close, very comparable. Okay. But you know what . Hey, they did well. Look at it, they did sell 853 Million Dollars worth. And as a result, the stock is up 1 2 of 1 . All right. Weve got a lot of big names with big news today. Were going to start the big name parade with exxonmobil i should call it, and profits fairly disappointing. Made 6. 9 billion in a quarter and the street wanted more so theestock is down 1 . Okay. Now, look at the share price of Ford Motor Company and reported Sales Numbers up 11 in july. Compared to july of last year. And thats the best performance since 2006. And 17 per share. And facebook, all through the show yesterday. Because the stock broke above 38, the ipo price and retreated at the close and come on, nicole, where are we this morning . And hey, all right. Lets take a look. Yesterday, 3831 was the high. Broke through the 38 dollar mark. And everybody waited since last may to get back to the ipo price, stewart and some people said, 38, hallelujah, im taking my money and im done. And yesterday, remember, we talked about the high was 45 on that ipo. It was in fact. 45. Yes. So, if anybody bought it and thought they were getting lucky at 42, theyre more disgruntled. If they bought it at 45 and theyre Still Holding it, theyre praying that it keeps going up. We will check it. Dow industrial average in 2 1 2 minutes. Up 120 points as we suggested. And i have been talking about the dismal growth rate of the economy, and i used that word, dismal. And yes, weve got a stock market thats going straight up and straight up today. I say bad news on the economy is good news for the market because bens going to keep on printing. Come on in, market watcher, robert. Where am i going wrong with that analysis . Good morning, i dont think that youre going wrong with that analysis. Currently, obviously, the stock market is always a fickle beast. I dont think you can correlate a weak were in now to 1 to 1 1 2 growth economy, and you cant look shortterm and intermediate gyrations. Thus far the markets had gang buster returns the first half of the year, but come on the back of weak Earnings Growth and actually flat revenue. All right. What happens when ben says, all right. Were not going to print quite so much money or way down the road there, were going to quite printing money . What happens . The stock market will probably be in for a little bit of a difficult patch. A little bit . Depending how it plays out. Seriously, robert, a little bit . A temporary little bit . Thats all . Well, i think what theyre going to do start to, in my opinion, anyway, start to taper in september or perhaps even the end of october meeting. You dont think thats going to hit the stock market like a ton of bricks . I would not be surprised at all with a 5 or 10 correction, but i think that the longer term aspect of what they need to do are going to be very difficult roads for them. I dont think theyre going to unwind the balance sheet. I dont think they have the intestinal fortitude to sell treasures. The Federal Reserve have 3 trillion of stuff on their books. 4 trillion by he end of the year. Stuart if they start selling that, thats actually taking money out of the economy, isnt it . Thats the reverse of printing money. And you dont think that theyre going to do it. I dont think theyre going to sell i think theyre going to let them roll off over time, but i think that theyre going to perhaps in september or october say that theyre going to cut back their tapering, their buying of bonds to say, 60 or 65 billion per month and i think theyll taper further. Youre market neutral, understood. Yeah. Put yourself in the position of one of our viewers, who is not hes not an option bond, he or is she sits there. Do i invest in stocks or dont i . What is your advice to that viewer right now . I think at this tech level. Say, 1700 on the s p. Just hit 1700. In my opinion were talking about, say, 17 times current earnings, i think thats a high multiple in a very so youre saying get a little anxious. I think that the fair value on the s p could be somewhere between, say, say 1500, 1585. Now, okay, so, if you look into that camera right there, you tell our viewers, ordinary, regular viewers, what you do with your Stock Holdings right now. Are you saying sell . For the lower Term Investor i would say you always have to have a portion of your money in equities, but i would be pairing back. Youre a diplomate, and happy to have you with us this morning, and not trying to put words in your mouth. I want words for the viewers. And understood, weve got the message. Thank you, sir. Thank you. Now to an update on obama care, remember, please, its exactly two months until the time when the obama care exchanges are supposed to be set up and revealed. And meanwhile, as we wait, a government report shows that the young and healthy, the young and restless. They would rather pay the fine to get the insurance, whats the result of that . Obama care might not have enough to pay for the elderly and the chronically sick. Wait a second, another angle herement lawmakers and congressman aides in d. C. Do not want to pay what you pay for health care and president obama is personally involved in the discussion to be sure to keep a leg up. Interesting. Google debuting its new phone today. Its the motox, designed by google and by motorola. Its being built here in america. Is it a winner . Clayton morris is here and i believe hes joining us. Is that correct . Thats right, stuart. On vacation and on skype. Stuart you are joining us by skype on vacation . We are privileged indeed. All right, clayton, im not going to suggest that this thing is an apple iphone beater, because, obviously, its not. It seems to me, theyre kind of late to the game, arent they . Well, they are, remember, motorola has a lot of legs here, this is the first phone in the pipeline that google has worked with motorola to build. I think this is the beginning of the Google Hardware hero. Theyve been a Services Company for so long and now this is the first phone that google has their teeth into. Theyre going to be spending reportedly, we dont know the numbers yet. Over 500 million to promote the device, thats apple territory. That means ads during prime time television, on subways on bus stops and theyre all in. If it sells swell. Theyll be able to milk the new phone, the physical phone not just for the selling price of the phone, but also, royalties from the use of the Android Software system that operates the thing. Its a winner all around if it sells, right . And absolutely. You remember what i said on your show a few months ago, we were talking about google now and you said what is it . I said basically googles way of predicting everything you want to know now. And well know in a few short hours after the event. Google now built into this phone so all you need to say is okay, google, i need pizza. Okay, google call stuart. And it has this predictive google now tendency about ilt into the phone and this is googles way of saying we want to know what youre doing and predict your drive home and advertising to sell directly to you based on your locations and your tendencies, and google basically wants to know everything there is to know about you and give you that information up front. Thats interesting. And right now, the to being is a bit more than 1 . And ask a fast question, clayton. I bought vizio television. And im upset that you didnt call and ask me first, and steve usually asks first. And vizio is a very good choice. Did you go with the. The big one, okay . Out there in the country someplace. Thank you. Thank you, stuart. Stuart check the big board, its a rally, everybody, thursday morning, its up. Its higher. 15,600. Well above it. Now check this out. A ford escape. Big seller. I bought one of these things a couple of years ago. Can ford sell me a new one . Weve got it right outside the set. Im not going to go and get in the thing. Can they sell it to me . After this. announcer scottrade knows our clients trade and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets myi account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best investment Services Company. [ male announcer ] a car that can actually see like a human using stereoscopic cameras. And ev stop itself iit has to. The Technology May be hard to imagine. But why you would want it isot. The 2014 eclass, it doesnt just see the future, it is the future. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Its great. [ male announcer ] the best thing to share . A data plan. At t mobile share for business. One bucket of data for everyone on the plan, unlimited talk and text on smart phones. Now, everyones the spirit of sharing. Hey, can i borrow your boat this weeke . No. [ male announcer ] share more. Save more. At t mobile share for business. All your imptant legal matters in just minutes. Protect youramily. And launch your dreams. At legalzoom. Com we put the law on your side. Its all up this morning. The dow is up 123 points and look at gold, please. Also up. Weve got the price of gold at 1321. Its up 8. Now this. Ford Motor Company came out with sales this morning, they were good. July increase of 11 . As compared to july of last year. And with the best total july Monthly Sales since 2006. Now, we have a 2014 ford escape titanium. Thats a live shot, parked right outside there in new york city. And ford Marketing Group manager is with us from southfield, michigan, and amy is going to, well, youre in charge of the marketing for this thing. Youve got to sell me one of these things. Remember, please, amy, i bought one two years ago. And i think, i think i paid somewhere in the region of 34,000. So, lets start with the ford escape titanium. Whats the price on it, please . The price on the one that youre looking at today is 35,000. But, it actually starts at 227. So the one that youre looking at has all the technology that we offer on the escape. And whats the titanium. Whats that mean . Is that just a marketing name . It is our highest end series. For the customers looking for the luxury and the technology. The titanium. Stuart what is the miles per gallon, 32, 33, Ford Escape Hybrid, i might tell you, hybrid. Excellent. Well on the titanium, the highway label is 30 miles per gallon, a two liter eco boost engine and its quick, and its fuel efficient. Now, theres one future on that particular car. And i think weve got somebody thats going to demonstrate this. The foot activated lift gate and i think somebody is going outside, there you go, okay, you have to kick the bumper . Yes, kicking the bumper. Well, you dont really kick the bumper, i just put your foot underneath in a kicking motion and it opens up, because we know our hands are full and our feet are free. Its an industry first, nobody else offers the foot activated lift gate and thats how im going to sell you a new escape. Im not sure whether that classifies whether that is a car or a cross between a car and an suv and a van. What is it . Well, it is, its a Utility Vehicle for ford. So, it is classified as a truck. And it does everything that a utility should do. It has a four wheel drive system. It tells 3500 pounds, but also drives like a car, so, it has, you know, a very smooth drive. Its very quiet and its also very fun to drive, but you do sit a little higher like a utility, so you see better and have more command of the road. I think thats very important, actually. My wife and i frequently said we like to sit up higher, we want a better view of whats going on. A van does that for us, an suv does that for us, and youre telling me that the board escape titanium will do it for me as well, correct . Absolutely. And it will do a lot more than that, it will actually park itself as well. Stuart really . Yeah, yeah. So you know the tight spots in new york city. It has an active part that you press the button and it will Parallel Park itself. Does it have the engine light that goes on when one of the tires pressure is down. Its for your safety. Stuart hold on, amy, im interrupting you, its not for my safety. Its so that i have to take it back to the dealer who will have a look at it and find something wrong with it and charge me, come on, you know that, dont you . What if your tire was low, wouldnt you want to know that before youre stranded on the side of the road . Id expect to see it before. And nice try. Nice try. Look, i will probably buy another Ford Escape Hybrid because i like the one ive got, okay . Thanks very much for bringing it by, amy right there. We appreciate it. Thank you very much, appreciate it. Thank you. Sure thing. The dow is up 122 points, its thursday morning and everything is up today, but this. A dismal growth economien cha championed by the mainstream media. My take on that is next. In todays markets, a lot can happen in a second. 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 expecte 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. No question, it is a rally. The dow is up 128 and the s p 500 has crossed the 1700 mark. All