He knows how to build hype. Commodity crush. Gold futures hitting their lowest levels since april 2010. Live at the nymex on what is driving this precious metal lower. Its the stronger dollar of course. Google on a tear. Have you seen this yet between the two classes of stock, nearly 20 million shares changed hands today. Growth in Youtube Business is top of mind after last nights earnings report. Weve got the cofounder of a Media Company that specializes in youtube talent. We had to brush up on our youtube talent to prepare. You should see the amount of money these people are making as talent on youtube. And the amount of clicks they get. The new york fed says the strong dollar could lead to a hit for gdp. Jan hatzius gives us his take on that the economy and latest forecast for the fed. Lets start with tesla and elon musk with his latest announcement. Phil lebeau has the ludicrous details for us. I know you want to go in the ludicrous mode when you get a chance to. These are all product related and they are all about the model s and different versions of the model s depending on what you are looking for. Three announcements include 90 kill kilo watt option. It could go 300 miles on a single charge at highway driving. The 70 kilowatt version, the price dropping down to 70,000. Elon musk talking on the call it will be down to 50,000 when you add in incentives and gas savings. There is a new version, highperformance version of the model s that will feature ludicrous mode that goes 0 to 60 in 2. 8 seconds. What does it feel like to drive at that speed . Here is elon musk from the Conference Call. Most people have no idea what it feels like. Its really crazy. You can do 1. 1 gs in a Straight Line in acceleration. There you go. You want to crack a g and go over 1g . You can do that in ludicrous mode. He was asked about whether or not dropping down the 70 kilowatt per hour version would hurt margins. He pointed out we are increasing margins offering these additional features on the High Performance models. Finally, he was asked about the next model, model x which kill be coming out this fall. People wanted more details about it. He said this is all about the model s. He did address the model s. We are making a car as good as possible as fast as possible. Let the chips fall where they may from a business standpoint. Bottom line he says they are working hard on it and it will be coming out on schedule. Again, that is scheduled to happen late this fall early winter. It will be this year that we see the model x first deliveries begin. The model 3, mass market generation vehicle scheduled for 2017 elon says is on schedule as well. Back to you. That was important for investors to hear. Stay right there, phil. We want to talk more about it. Ben kahlo joins us from robert w. Baird. He has a 335 price target on tesla stock. This seems like an incremental product announcement. Does it do anything to move the needle for you . It does a couple of things. Investors are worried about the x schedule. It was good he brought that up. Said they were on track. We see the model x as the next major catalyst. This shows the flexibility in technology. One option gets a cheaper car so a broader audience. One option gets more range. Helps reduce that range anxiety. The ludicrous mode will sell more cars and drag up that margin. Bearing in mind there are a lot of skeptics about the valuations of tesla stock these days im curious. You like this stock. Are you betting on the stock or are you betting on elon musk . I think you bet on elon musk. Under elon musk you have his cofounder and deep bench in technology across the whole Business Model from the way they make cars to the Battery Technology to the way they sell cars directly to the consumers. Then you throw in the option which is becoming more reality even though there is a lot of skepticism of tesla energy. You can look out in the valuation is justified. Bring us uptodate where we are in terms of the deliveries and numbers. We got an update a few weeks ago that was better than forecast. We are going into earnings in a few weeks. Where are they on numbers . The deliveries are only announced now every quarter. They do that at the end of each quarter. They were about 1,500 more than the Second Quarter. The real focus was the second half of the year. If they hit the target of delivering 55,000 vehicles they have to pick up deliveries in the third quarter. Especially in the fourth quarter. Thats where the deliveries and the production and whether things are on schedule for the model x, thats where that comes in. This is truly a secondhalf story in terms of the execution and performance for tesla. Who buys a tesla . Where are they selling these things . I think the tesla top is sclass for mercedes, audi a4, a8. Luxury cars. Its not electric vehicles they are selling against. Still growth in california. Also throughout the United States. I was in ohio recently. That is a state they have high growth in. Over in europe we are starting to see growth pick up in germany. China is getting better. We dont need to see big sales in china to get to their number of 55,000 cars this year. That was what recent concern with volatility in china. Thank you very much, ben kallo and phil lebeau for the headlines from that call. Lets get to our closing bell exchange. Erin gibbs kenny pulcari and. One of the most interesting take aways these past two weeks when you look at q2 earnings and take out energy. Thats weighing down earnings. We started the quarter at about 0 growth for the s p 500 exenergy. Now almost 2 going up rising those expectations in just the first two weeks. Its normal for expectations to increase. It is unusual to see such a pop going forward. Particularly gas prices weighing on energies. You dont see as Much Movement in the overall index. The other industries are doing well. Beat rates are nice as well. Thanks to google and netflix, kenny. Nasdaq has been the star of the week and day. Remaining higher all day. Breaking out, could close at another record high. What does that signal for the rest of the markets . Is that where you want to be going into another heavy week of earnings . Its been great so far. We are only four five days into earnings. In complete contrast to what analysts and strategists prepared the investors for. I dont feel that at all. Look whats happened. Weve seen it with the banks and nasdaq names. It feels good to me. I think its going to be a great season. I think it will end up like first quarter. They prepared us for a negative number. We came out plus 0. 8. You have to be banks are certainly a name you want to be in and tech. You want to be where the action is. I think they are going to surprise. Rick, janet yellen testified to congress this week. Mixed data on the economy. She still expects to raise rates. The economy doesnt stink. I believe that was a quote. She said if they raise Interest Rates that would be a signal the economy doesnt stink. There you are. What is the one indicator that Gauges Market sentiment, expectations about fed Interest Rate raising . I like to look at the yield curve. Once again, one of the platforms ive been on is market signals are broken due to Central Banks and central planners imprint on the marketplace. We have seen a flattening curve which means twos are up four basis point. 30year bond down 11 and 10year note down 5. The theory goes as the fed is ready to tighten, short maturity, sell them. We are making an assumption that the long end is paying attention to the fed, as well. An alternative theory is that the long end is following bund yields. Spread between the two has been steady as a rock the last five weeks. You have to weigh those signals and decide which way you want to go as an investor. It has been an interesting week. We started talking about greece nonstop. There were so many risks. Kenny, looks like we climbed this wall of worry again when it comes to greece with critical parliament votes in greece. Greece has been put to the back burner. I didnt hear anybody talking about greece yesterday and today. The focus turned to the macro and micro in the United States. That makes sense. That is actually where investors want to be focused. Greece is what it is. We realize they try to say for now that can take a back seat. People want to know whats going on at home and how we are doing. Before we go we are getting a flood of earnings next week. Give us highlights. We are looking for overall negative 3. 3 growth rate for q2. The big winners we are looking for are Health Care Consumer discretionaries and financials for q2. So far, so good. Losers, your energy your materials. Also some of your industrials. Well see how it plays out. We are track at a 75 beat rate. Its a little above average. Well see if we can get that revenue growth. I noticed s p capital iq lowered its rating on google to hold. Got rich for you guys huh . Valuations. Earnings may be good. When you look at valuations youve got to be reasonable. After the 100 jump today. Well leave it there. I would add watch guidance. The dollar is having its best week this week since back in may. That could be a head wind again for these corporates. Especially multinationals. A red letter week for her. Heading to the close, 47 minutes left in the trading session. A mixed day. If you look at just the dow, you think its a down day. Look at the nasdaq having a big day. Early this morning, it was record territory thanks in small part to google and that big rally. Big weight there is boeing which well talk about later. That google move. Google on a tear after better than expected earnings showing strong growth in ads, video and youtube. Well talk about youtube with the head of Digital Management company which works with top youtube talent to connect them with advertisers. Well get her take on what is behind the explosive growth and how they are monetizing youtube. These youtube stars are making millions of dollars a year. Dollar index soaring more than 20 the past year. That was the new york fed sounding ate letter on the impact of economic growth. Jan hatzius will be with us to give us his take on the economy and fed policy going forward. Thats coming up on closing bell. Happy friday, everybody. Bring us your aching and sleep deprived. Bring us those who want to feel well rested. Aleve pm. The only one to combine a sleep aid. Plus the 12 hour pain relieving strength of aleve. Be a morning person again, with aleve pm. Hello. I am here to offer sophisticated investing strategies. My technology can help you choose the right portfolio. Monitor it. And automatically rebalance it. All without charging advisory fees, account service fees or commissions. That may be hard to compute. But im a computer. So trust me. It computes. Say hello at intelligent. Schwab. Com a stumble for stocks after a strong week overall. The only sector in the green right now is technology. Google a large part of that story. Worst performing sector is energy. Utilities getting hit. Lower yields. Also lower prices of crude oil. Best buy down the most in six months today. Bank of america downgrade edd to underperform from a buy rating. The firm cut price target to 32 from 45. Etsy surging thanks to a mention during googles Conference Call late yesterday. Google said and we quote, Developers Like etsy are already seeing a boost in traffic as a result of deep linking. Look at that. Refers to googles use of indexing to help people find what they need in thirdparty apps. People say its a short squeeze. There were a number of bets piling up the last few months against this stock. Google is up over 15 adding nearly 65 billion in market cap today alone. On track for its biggest oneday gains since april 2008. Cfo ruth porat cited youtube, noting the number of advertisers running video ads is a big driver for them. Joining us to talk more about the Youtube Space and Business Model, sara pena heads awesome tvs Awestruck Network and cofounder of big frame, a Media Company focusing around building youtubes most influential channels and the talent that go into them. Also with us is mark bergen associate editor from rico. Is this about ruth porat coming onboard . It sounds like a new google. She did tell wall street what they want to hear. Im going to be a bit of a wet blanket on youtube. Google shared numbers about viewership, particularly around mobile viewership they still havent shared anything around revenue or if the site is profitable. There was no mention of the threat of facebook which is revving up its competitive video service. Every party needs a pooper. Thats why we invited you. Porat did mention 50 growth from last year in terms of viewers. Sara, it is profitable for your clients. Tell us about what you do and how people make money off youtube. Who are these youtube stars . We work with youtubers to connect them to brands and advertisers who are interested in joining the conversation. You are finding the brands and advertisers that want to work with our clients are those who understand you cant be talking at this generation. You need to talk with them. They are tapping into our stars and influencers to really help drive that conversation to their audience. You are married to one of them, right . Thats right. You are married to mystery guitar man . Yes. Why does he have 2. 8 million subscribers . What draws people to watch channels on youtube like mystery guitar man . Its a cultive personality. At the end of the day, audiences gravitate to people who seem like their friends. They are speaking to them having conversations with them. They are making creative fun, interesting and engaging videos. Misery guitar man is making fun stop Motion Animation that is shareable, short, quick, music based. Anyone can enjoy it. You are not buying this mark, are you . At this point, youtube is the one platform where these stars can make money. That is likely to change. We see a lot of stars emerging on vine which twitter owns on instagram which facebook owns. Even snapchat. They are revving up the monetization tools. Youtube lost big stars to amazon. I think theres a lot more competition than youtube is giving credit. What do you say as someone who deals mainly with youtube . Yeah. Our company is very steeped in youtube, but its ultimately at the end of the day video. Where that video is going, well be there. We work with people who are big on vine people who are big on instagram. Ultimately at the end of the day, youtube is an amazing community. It is the best place to monetize. We suggest to our talent they diversify and they understand all the social networks out there youtube remains the core of their focus. Tyler oakley that its top talent with 7 million subscribers. You and i have to start watching youtube this weekend. Almost as many as you have on twitter. Not quite. Thanks, guys. Interesting conversation. An eyeopening conversation for both of us. 37 minutes of the trading session. The dow is down 52 points but the nasdaq we are watching today with that rally. Google nasdaq up 35 points. Even though s p is flat heading for its best week since march. Up next marco cotta telling his clients to focus on china instead of greece. His firm manages 21 billion. Hell be here to state his case next including what to do with that information. Plus later, Goldman Sachs chief economist jan hatzius weighs in on the u. S. Fed warning that a 10 spike in the dollar would cut economic growth. I dont want to be hasty but it seems the crisis in greece may be in the rear view after the parliament inapproved talks. Our next guest greece is all market noise. There are other important worrisome signals investors should watch us. Joining us marco cotta. Welcome to new york city. Thanks. Good to be here. Ive got your eye on china. The possibility of a hard landing. What signal are you getting from the Chinese Market and what do you do with that information . If you look at whats happening in the commodity complex, oil found 50 a year copper copper, everything they touch is down. Look at data of singapores gdp. All these tell me that china is not going anywhere close to what they say they are growing. You can play a lot with a deflator. Theres a lot of funny stuff that goes on with those numbers. If you Pay Attention to what a man does capital flight is another big one. A lot of money is coming out of the Chinese Market for a good reason. I think its because the economy probably is already in a hard landing. That is a greek signal. How do you play it . You stay away from commodities exposure . You obviously have to be careful about that. Everybody who is using commodity is a winner. People selling it are probably losers in here. You saw delta reported the other day. They beat. People are concerned about the revenue headlines, head winds. If you look at the tail winds coming at them from oil. American is going to do the same thing. They are not hedged. We like that. Overall, if you believe china is not growing the way everybody thinks they are growing, youve got to set up for a stock market that dont go anywhere either. Ive got to be a trader. This is a time to get much more active. Somebody said you should be a trader. Somebody said greece is a trade, china is an investment. You need to think of that longer term. Absolutely. If i look at china from a policy standpoint and think about the massive amount of fiscal and Monetary Policy and regulatory changes happening there, including what they are doing in the stock market it looks much more like rescue versus reflation. In this mode though i wouldnt short them per se. I think they need to reflate their economy. It makes sense to have a stock market that works. Its going to be scary for a little bit. Its not a market yet. At some point, this will be a market. Play it. When its a market. Right now, i would watch it. You have thoughts on puerto rico and how you might take advantage of any opportunity here . I think on the puerto rico story is probably a greece that matters to us. Ive got a lot of the same things going on. Youve got debt they cant pay. Theyve got a declining population, very high unemployment. They have no labor participation. Theyve got a big problem. Weve seen a lot of hedge funds, mutual fund