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there with a third straight quarter driven by declining tvs and notebooks and suspending its buyback and guidance the rest of the year. very different story for urban outfitters. is it time to take profits on this turnaround story. cramer gives us his take. and peter thiel sells a large stake in facebook. and eclipsing microsoft for the crown, apple, if we don't adjust for inflation. second quarter results reporting its eighth same sales store declined in nine quarters and they're giving a cash flow forecast the rest of the year. they're basically saying we have a new ceo coming in t...

10 points at 13156. >> a good day for the broad market but not facebook. they're down another 5%. so investors got a chance to unload some 270 million shares of the stock today. the stock down 6% now. first, we may be up today, but the consult of equity is dieing and you can say goodbye so the days of consistent annual returns. they are a thing of the past. according to pimco's cofounder, bill gross. what is behind the bond king's fall? he joins us now. >> welcome back, bill. >> hi maria, hi bill. your call is witnessing the death of equities, why death? >> not death of equitie...

11% higher. nasdaq rising.64%. i kept ruminating about a tweet that accused me of leading retail investor lambs to slaughter. because i'm too bullish. [ bull bellowing ] someone said, it's a phenomenal move here. my mantra has been the same which is to stay the course. pick stocks you like. invest, don't trade. this is like an anti-a tra tra show. go for the long run. the market rips up then do selling of the stocks you own that didn't have good quarters. okay? there are a bunch of them out there. then you get ready to recycle into better companies with better quarters. don't go nuts...

outlook on the s&p based on greece. >> this road map this morning takes us back to cramer's market. >> plenty of macro worries. priceline said that europe is weak and is going to get worst. >> big day here for retail results. ralph lauren's forecast is more consecutive. >> and starbucks switching its credit card payment to square. as we mentioned, futures are signalling right now a lower open. paring a three-day rally on wall street. the s&p trading close to postfinancial crisis highs. s&p closed above 1400. jim, we have been talking to so many strategists, these are great things, ...

president so discuss the situation over there. investors are turning their full attention to tomorrow's meeting. will it be taking action? will that be a driver for the markets in the u.s.? bob turner was with me and tom addaberry, and our own rick santelli joining us on a day when the dow closes down 31 points and the nasdaq lost about 19 points on the session. good to have everybody with me, thank you for joining us, let me kick it off with you. are you disappointed we didn't get any action today. >> i expected nothing to happen out of the fed today, we've seen a market where, the ...