Divide. As stocks soar much of the country is still in troubling straits. At what point does name pact the stock market, and at what point does it threaten capitalism . First though to sue at the new york stock exchange. Sue . Good to see you, ty. Gold is having a pretty big day after a pretty good week. Were back above the 1,300 mark in gold, right now its traded up 30 bucks and change. Everybody is watching the Interest Rate, tenyear note at 2. 48 and modest gains for stocks pretty much across the board with the dow up 14 points. The s p up 3 and the nasdaq up 11 and the russell up 3 points, but investors, us a mentioned, do remain focused on the fed. The fed holds a twoday meeting next tuesday and wednesday, taper talk and easing of the stimulus, if you will, will be the hot topic, so now to new insights on what the fed may be thinking ahead of next weeks twoday meeting. Heres senior economics reporter Steve Liesman. After two months of volatility surrounding the announcement of intentions to taper, fed officials now turn their attention to how it will actually taper if thats what they decide to do in september. Their hope doing it in a way that doesnt cause the market volatility that we saw the past two months. Fed officials are likely to discuss everything from how much to taper and most importantly how to communicate those intentions to the market. To answer all these questions including whether to taper at all will be tied to the economic outlook. Fed chairman suggested last week the fed still holds out hope of a second half rebound. That could prompt the fed to reduce its monthly purchases. If the fed does taper in september, amounts could range from 10 billion to 20 billion. You can see the fed has added 660 billion to the Balance Sheets since october. Its unlikely to believe the actual amount that matters very much for Interest Rates. Its the cumulative effect or Market Expectations that matter. How much the market believes the fed will reduce its purchasing over time so the fed is going to think hard about the signals sent by the amount of tapering and the frequency. For example, it could taper every other month and adjust the amount based on incoming data. Ultimately fed officials hope the act of tapering will be less dramatic than the announcement of tapering, but that is far from sure. Tyler . Netflix, as we were just mentioning, reporting after the bell today. The stock is up 221 in a year. Its been a wild ride if youve owned that stock for several years. Last three months the stock is up 50 . Got to like that. After the Company Reports like most companies, it will hold an analyst call. That is today, but this one is a little different. It is going to be hosted by our very own julia boorstin, unpaid, of course, at netflix request. Cnbc accepted the invitation to help make that call more accessible to the palate of investors. To ask the root question. Why do you think they invited you, of all people . They invited me an analyst, btig analyst rich greenfield. Ive been covering netflix for a decade now. Ive first interviewed Reed Hastings back when i was a reporter at fortune magazine, been covering the company for a long time and they asked me to do it because they wanted me to bring a different perspective. Typically in analyst calls, they consist of analysts calling in and having a very simple staged q a and limited to the wall street perspective, but weve been soliciting questions from any investors. Received emails from questions with a very broad range of investors, people who are interested in investing in the stock, to those who may have 10 or 100 or 200 shares, to institutional investors, even hedge funds who in an analyst call traditionally would be afraid to call in with their questions because they wouldnt want to reveal their position or what their approach is to the stock so the idea here is to real make it an open call and have a pretty wide range of represent perspectives represented . They have put no restrictions on anything can you ask, no restrictions on whom can you recognize and the questions you can bring into the conversation, is that true . Thats right, tyler. No restrictions at all. In fact, one of the reasons why they wanted me to do this is so we could ask followup questions. Traditionally with analyst calls, very much a question and answer format. Here i can ask as many followups as i like. Julia, good luck. Well be listening in and well live stream that call on cnbc. Com. Its the netflix analyst call. Thats this evening at 6 00 p. M. Eastern time. Meantime lets analyze as we do in earnings edition, welcome to j. J. Burns. Its funny how you found that name. Hes going to start with netflix. The, as we just mentioned, j. J. , coming out after the bell. Analysts expect 40 cents a share and 1. 027 billion in revenue. The company obviously an impressive year. The best performing stock in the s p 500. Do you like it . Theres the chart right behind you at 266. 39. I would really caution investors at this point that the challenging environment could be very much ahead of it. When you really take a look at netflix right now, youre looking at 85 times multiple. A pe of 88 is usually an invitation for trouble down the road. Certainly caution into the wind but more importantly you have to take a look at the real tax numbers of what netflix is going towards. Thats the customer base. 34 amount of people that are in the business already of broad band and 88 million subscribeers is what netflix has. 134 million broadband house holds out there so how much more is there on the upside . It will shock you and america to learn that my 20yearold son doesnt all the time watch cnbc. He watches netflix, and they have some hot series in addition to the arrested development and others that they are taking to the bank. Lets move on and taking to the bank mcdonalds, missing analyst estimates. We have to put in the fast food chain. People know what america is, they know its a fast food. 1. 38 per share. Analysts expected 1. 40 per share, a twopenny miss and stocks selling down, down 2. 75 . What do you think of mcdonalds . Like mcdonalds on a pullback. Own for longterm portfolios, pretty competitive with the s p. Not knowing whats going to happen with the fed taper and the slow growth environment, are we pushing into a rapid growth environment in the economy . Mcdonalds has performed handsomely well through a time growth and certainly something to buy on a pullback. And the last one, halliburton beatinging the street earning 73 cents a share. Exclusioning items. Take a look at the stock. What the halliburton is going on you . Like it . Its all that gum. Gum . Time. Their gum has gone down, the substance that they put into fracking, a substance which is in a lot of food. Gone up from 1 to 12 to get this substance to actually do fracking. Thats come down. Halliburton is a real big industry leader, also done very, very well to to crimp its costs. We think its a really good longterm buy and will outperform the markets. J. J. Burns, thank you very much. Sue, down to you. Apples main website for developers remains shut after hackers tried to steal sensitive information. The tech giant now forced to overhaul its database and its Server Software to prevent future breeches. Seeing more and more government agent significance under hack attacks. What is the real cost of the attacks to the American Economy . Eamon javers is here with the latest. What do they tell you . Reporter been one of the long running questions in the world of cyber crime. How much does it actually cost . A little bit like the drug trade. You know its out there and you know its bad, but you dont know exactly how much damage its doing because its illegal. Now the folks over at csi, the center for strategic and international studies, a think tank here in washington backed by money from mcafee have done a new study, and they calculated the number and here is the graphic. About 100 billion annual hit to the u. S. Economy, according to csis. They have done this by comparing cyber crime to other kind of crime. 508,000 jobs lost on an annual basis, and they say the Economic Impact here is similar to that have car crashes which they peg at 99 to 168 billion a year and pilferage, thats what happens when stuff falls off the back of the truck, 70 billion to 280 billion and these guys have rejected the survey model and have gone with a comparison model to try to come up with this number but even csis says its a rough guess, and their estimate is a little lower than some of the other estimate out there in other places. A very hard number to get your arm around, but they are saying around 100 billion. Tyler . Thanks very much, eamon javers. Still following a developing story involving the Amusement Park operator six flags. An investigation is continuing into the death of a woman who fell from a 14story roller coaster near dallas over the weekend. Separately six flags also missing wall street estimates on its profits this morning and the shares are under pressure, presumably from both of those matters. Jackie dangelis is following the story for us. Reporter good afternoon, tyler. A tragic accident on six flags friday evening. A 52yearold woman was thrown from the ride throwing her to her death. She expressed concern about her safety restraint to the attendant before the ride story, a 14story high roller coaster and right now the park is open but the texas giant is closed as six flags investigates the matter. James Reed Anderson addressed the issue up front as soon as the companys Earnings Call started this morning saying that management joined the call with heavy hearts as they are working through this tragic event. Now six flags Second Quarter earnings did miss the markets, the company citing bad weather in the east and also midwest as issues were dampening that attendance rate. Some analysts expressing concern that this accident could have a Chilling Effect for six flags and other theme parks next quarter. The International Association of Amusement Parks and attractions say the likelihood of being seriously injured on a ride is 1 in 24 million but this particular park saw an accident on a water ride that killed one person in 1999. Just this weekend at a Cedar Point Park in ohio seven people were injured when a boat flipped over due to a ride malfunction so clearly a lot of issues to look into, sue. Absolutely. Thank you so much, jackie. Appreciate it. Theres been flash flooding in arizona forcing rescue workers to be on their toes. Incredible video. More of it coming up in two minutes time. Plus, detroits bankrupt could have major ramifications for the art world, our wealth editor robert frank is on the story for us. Detroit owns some of the most valuable artworks in the world including pieces by diego riva and rodin, and some worry it could be sold after the bankruptcy and more on the collection, the controversy and the beautiful paintings after the break. At 1 30 eastern time, the great divide. Stocks are soaring, but unemployment and underemployment remain serious problems. At what point will that start to impact the markets . We want to hear from you today on that topic. Go to facebook. Com powerlunch and weigh in. In a world thats changing faster than ever, we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. Check out these amazing photos coming out of arizona. Two men plucked from a tree trying to escape floodwaters near phoenix. They were hanging on for their lives as the Rushing Waters streamed by. It appears they were in a dry creek riverbed which quickly filled with rain water from the mountains. Not the only ones that needed help. Crews across the area rescuing stranded drivers caught up in those fastmoving floodwaters. Sue . Wow, ty, amazing video. The economy is front and center for president obama this week as he hits the road in a campaignstyle tour of the midwest. It comes ahead of some key battles over the federal budget and the deficit ceiling. Wednesday the president will lay out his agenda to revive the u. S. Economy, and we have a very special edition of power lunch thats coming up in just a couple of minutes to address, that calling that the great divide because while stocks have been doing quite well hitting record highs, unemployment is still a huge problem and Many Americans are hurting. We have forever been split into two economies perhaps. Thats what some are saying, the investor class and everybody else and when will that hit stocks and perhaps capitalism. All of that is straight ahead . Ty, an interesting conversation at roughly half past the hour. By now you know that detroit has filed for bankruptcy protection and a fight is already forming and its going to be a furious one over one of the citys most prized collections of art in detroit. Robert frank has been covering the story for us. Robert . You know the art thats owned by the city of detroit, its estimated to be worth at least 1 billion. Some say it could be worth more than 2 billion. Collection of the Detroit Institute of art includes a van gogh that could be worth more than 100 million alone. Collection includes this rembrandt from 1640 called the visitation, very famous piece and a classic monet from 1886. The institute has works by picasso, matisse, you name, it they probably got t. Emergency manager kevyn orr asked for an indiana ven try of the museum saying everything is on table in this bankruptcy. Christys, the auction house, sent a team there in may and the talk of selling this has sparked an outrage from groups and museums. They say the collection is held in the public trust for the public and has to be protected. Ultimately this will be up for the courts to decide. A tough decision, do you want picassos or your pension . Thats what it may come down to, very interesting choice. Yes. The s p 500 has hit another alltime high and is Goldman Sachs artificially raising the price of aluminum . Stocks are near record highs, but unemployment and underemployment are serious issues weighing down the American Economy. Does the great divide threaten capitalism in the usa . Go vote in todays finance. Yahoo. Com poll. Results are coming up on power lunch. I want to make things more secure. [ whirring ] [ dog barks ] i want to treat more dogs. 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It grabbed the patients record before we even picked him up. It found out the doctor we needed was at st. Annes. Wiggle your toes. [ driver ] and it got his okay on treatment from miles away. It even pulled strings with the stoplights. My ambulance talks with smoke alarms and pilots and stadiums. But, of course, its a good listener too. [ female announcer ] today cisco is connecting the internet of everything. So everything works like never before. The s p 500 hit an alltime high a bit earlier. Bob pisani follows stocks down here on the floor of the new york stock exchange. For the bulls, a good way to start monday. And for all of the complaints about crummy earnings growth. Right. That nobody wants, 2 or 3 and slow global growth, we are seeing tremendous amount of money continuing to come into the stock market. Take a look at the dow industrials. My point here is last week we had numbers indicating that there was huge inflows into stocks and thats continuing, best weve had since the beginning of the year. Would be up even more if not for mcdonalds. Thats costing them 20 points. Take a look at Home Builders. People were disappointed on the existing home sales numbers. Lennox international, one of the biggest numbers of heating and air conditioning. Knock them out of the park numbers. Lennox international at an historic high. Pay more attention to a company like Lennox International than the existing home sale numbers. They said residential as well as commercial was strong and both in replacement and new construction as well. Weak dollar, gold stocks and commodity stocks, you can see the steel numbers, and bhp billiton. Regained almost all the losses from the month of june. Dont go out and sell everything because they are down. They are all coming back. True. Lets go uptown to the nasdaq where seema mody is following some of the big movers over there. Hi, seema. Tracking the moves in google and microsoft, both of which fell sharply on friday due to disappointing earnings. Analysts voicing attorney that the two giants have not been able to keep up with the fast evolving industry. Other winners are in the biotech space, moving to the upside. On the losing side, yahoo shares moving to the downside. Billionaire Hedge Fund Investor dan loeb is selling his stake and is resigning from its board of directors. Sue . Time to focus on the metals market. Prices getting set to close and Sharon E