final trades. joe? >> look at commodities, the ag names, occidental. >> that does it for us. more "fast" at 5:00. i'm scott wapner. follow me on twitter. "power lunch" starts right now. three hours to go in the trading day. when it comes to 13,000, the dow is kind of like rocky. it's up, it's down, it's up, it's down. and right now, the dow holding above 13k once again. the s&p above the key 13,070 level. if the markets can't hold, are we heading for correction? >> hot commodities, you know oil and gasoline have been surging. but did you know that silver is up 30% year to date? soft commodities on the move, too. have they all gone too far too fast? plus, apple ticking above 530 bucks a share and about to unveil a new product next week.

sure looks and sounds like it will be a new ipad. how is it going to be different and will it be another blockbuster? >> i'm sue herera are tyler mathisen. "power lunch" begins right now. i'm courtney reagan at the realtime exchange. welcome to "power lunch." home prices fall, durable goods slump by the most in three years. but consumer confidence hits a one-year high. investors trying to sort it all out. here's where we stand right now. take a look at the major averages. green across the board. the s&p 500 above that key 1,370 level. we'll watch that all day long. take the pulse of the markets. the commodities complex, lots of movers today. let's take a look at the energy complex, up at the top, lower across the board. natural gas down 2.75%. silver up, gold up. and take a look at soybeans.

continuing this month-long run up nearly 7% in a month. now, our midday mooufrs, the winners, all earnings beats, fourth-quarter profits up 66%. domino's earning 28%. and office depot turning a profit. analysts expect a break-even. shares soaring up 17%. that's just about 51 cents. apollo group getting a beatdown. down 12.2%. devry down in sympathy with apollo. and cablevision lower on their plans to increase capital spending. let's get right to the trading floors. bob pisani is our eye on the floor at the new york stock exchange. what's moving? >> we're sitting not far from the highs of the day. the s&p at multi-year highs. the dow at multi-year highs. this underlying bid to the

market that traders are talking about. you see how we move to the negative territories very early on. this is a typical pattern seen day after day throughout the year. but as the consumer confidence number came out, sitting near the highs for the day. take a look at all the major indiceses. i think there's something very important happening here. i like everything i'm seeing except right here. you don't want to see divergences between the dow industrials and the dow transports. weakness in a number of groups in the transports. overseas shipholding, oil shippers, essentially, tough on rates. their earnings just out. the railroads are weak, fedex and the shippers are weak, united parcel is weak. this is not a good sign, that divergence we're seeing. one thing i do like is all the news around apple. that's moving a lot of the semiconductors that are not only affiliated with apple but even those not affiliated. there's apple, new high.

but sandisk, they make that nan flash memory. lg display makes the display, lcds. you can see all them moving on that particular news. sue, back to you. >> bob, of the two benchmarks between the dow and the s&p 500, both hovering at key levels, but which one is more important for traders? >> the s&p is always more important than the dow jones industrial average because there's more stocks in it and it's a broader indicator of where the economy is going. i think right now -- look, 13,000 is a nice, round number to get over. technically it doesn't really mean that much. i think the more important thing -- i always watch the s&p 500. >> but we like those nice, big, round numbers, nonetheless. thank you, bob. let's switch on the "power lunch" "power surge" and drill down on the stories leading the day. apple is gearing up to unveil what looks like a new ipad as soon as next week. the stock all right hitting a new awetime high today, up more than 30% so far this year and we're just two months into it.

our jon fortt is all over the story. what are you hearing, jon? >> reporter: apple has sent out an invitation to its pretty clearly ipad event in san francisco. i heard from a source that new york would be a key location for an apple launch soon. next week was my understanding. but as an insider pointed out, it's not new york. it's san francisco for the ipad. so what should we expect to see in this new ipad? a higher resolution screen, a higher resolution camera for photo, possibly 4g lte, the latest fastest technology. and i expect to be a faster chip, probably called the a6. it points to a device with a focus on content creation. the ipad originally was seen as something for consumption. this with all that hd could be something for creation, tyler. >> if i've got you wrong-footed

here, i apologize. but what does 4g allows me to do that some other "g" doesn't? >> reporter: on the plus side, it's faster than 3g. on the downside, it doesn't penetrate walls as easily. when you're inside buildings trying to get that connection, whether it's voice or data, you might deal with some more dropped call issues. it also drains the battery faster. apple has an advantage because it engineers its devices from so many different perspectives. they can make their battery life a lot of times better than some others. >> jon fortt, thank you. now to housing, where after some recent signs of an uptick, new proof that housing continues to be a major drag on the economy. data out today showing home prices hitting new lows. our real estate correspondent diana olick diving into the latest case-shiller report. >> reporter: this was a disappointment, no question. but not exactly unexpected. as we've seen price teedeert y s

deterioration over the past few months. the case-shiller report, down to a new low. the city composite down to a record low. after two years of improvement in the numbers, david blitzer says, we might have reentered a period of decline. now, all real estate is local, of course. let's drill down on some of the cities. detroit was the lone gainer on annual returns. but up just barely, .5% from a year ago. atlanta wins the dubious honor of the worst, down nearly 13% annually. here in d.c. where we had seen some gains recently, we're falling again, down 1.6%. miami was one of just two cities to see monthly gains, phoenix joining that and las vegas continues to bleed despite real sales competition there for foreclosures. the hud secretary pushed for nonfannie and freddie borrowers through the fha.

it would need congressional approval and most say it's likely not going to get it. he said the full documents and details of that big a.g. robo-signing foreclosure settlement deal will be filed later this week. also a nice discussion going on on the blog about whether now is the time to buy a home. realtycheck.cnbc.com. >> thank you very much. the head of jpmorgan's mortgage business along with ceo jamien dimon and other top brass meeting with investors today to talk about the state of the financial giant and its future. shareholders have reason to be happy. jpm up 17% so far this year. our mary thompson is at the big meeting in new york city with the major headlines so far. hey, mary. >> reporter: hey, there, tyler. jamie dimon will be addressing the afternoon later this afternoon. investors are waiting for what he has to say. but earlier this morning, the cfo kicked things off outlining a number of targets the company

has in mind. he says over time they are expecting the company to earn $24 billion a year. you could take that to mean over the next two to three years once they get a numb of issues about the mortgage and the housing market behind it. that would be a 25% increase from the $19 billion that jpmorgan earned last year. also the return on tangible common equity raised slightly to 16% from 15%. and the cfo forecasting for 2013, expenses at flat around $42 billion. he said that over time, two to three years out, you're going to see about $10 billion of loan loss reserve releases from the bank. and lastly addressing one issue analysts were concerned about, where's the revenue going to come from? bronstein pointed out that both international as well as loan growth will be two key drivers for revenue. along with bronstein, a number of heads at the different business segments have spoken. among them, todd maclin said the

retail branch is going to be moderated slowly because it's not necessary at this time. but digital and electronic transactions are being promoted. 90% of the transactions are done electronically or digitally. on cards, gordon smith forecasting moderate to little receivables growth this year. he said not only for jpmorgan but for the industry as a whole. and then lastly, the firm is very committed to the mortgage business even though they're going to have unrelled losses through the end of the year. they believe this is an area that can make money. back to you. >> thank you very much, mary. now a report card of sorts for the car industry. it was released just minutes ago. "consumer report" put out its annual car rankings. there's a bit of a surprise at the top. phil lebeau has the highlights.

>> reporter: subaru is the number one automaker, according to "consumer reports." these guys have steadily been improving. and in 2012, they're at the top of the list, followed by maz sa, toyota, honda and nissan. first of all, toyota having five top picks in the new rankings in terms of five top pick models by "consumer reports," the most since '03. the camry hybrid the top pick. honda, this is going to get a lot of attention. fails to place a model among the top picks for the second time in the last three years. "consumer reports" says these cars, the redesigns are disappointing, fit, finish, a number of other issues with them. honda has been struggling for a while. and ford drops to tenth place from fifth place in "consumer reports'" latest rankings. here's the issue. the technology systems in the latest ford models, the myford touch system, the sync system,

are not functioning as effectively as they should be. and that's one reason why the reliability rankings for ford show them dropping from fifth down to tenth. we have more at cnbc.com, the complete list as well as what's wrong with honda. check it out at cnbc.com. >> very interesting, closely watched. i'm always on the lookout for my april issue of "consumer reports." now to politics and a day of reckoning for romney. the gp presidential candidate facing a crucial test in his home state as voting gets under way in michigan. our chief washington correspondent john harwood is in detroit. john? >> reporter: there's real suspense about this outcome. rick santorum was in the western part of the state, in a diner this morning appealing to evangelical christians. mitt romney is spending more time in metropolitan detroit. that's where his vote is. he's accusing rick santorum of messing with the primary by appealing to democrats on the

basis of the auto bailout. he thinks that's a dirty trick even though he acknowledges having voted in democratic primaries in the state of michigan. but the number one democrat trying to mess with these republicans is barack obama who spoke to auto workers in washington today and drew a contrast between republicans' opposition to the auto bailout, mitt romney's especially, and what he did. here's the president. >> some even said we should let detroit go bankrupt. think about what that choice would have meant for this country. if we had turned our backs on you, if america had thrown in the towel, if gm and chrysler had gone under. so, no, we were not going to take a knee and do nothing. we were not going to give up on your jobs and your families and your communities. >> reporter: so of course, president obama is looking to the general election. mitt romney and rick santorum are looking to today's primary. but mitt romney in his press conference today acknowledged that some of his clumsy comments about his wealth and money have hurt his campaign.

you can expect he's going to try to do that a little bit better. >> yes, trying to be a nascar fan by saying he knows some team owners is not exactly a way to endear one's self with the beer swelling crowd. let's talk about whether this is a must-win situation for romney in his home state and if he doesn't win, does it increase the likelihood that a last-minute gop candidate, who knows who that might be, becomes a possibility? >> reporter: yes, a romney defeat here would increase that likelihood. but i think it's unlikely. i wouldn't exactly call this must-win for mitt romney. i think if he loses this state, he is still likely to be the republican nominee. but what that would assure is a long and very, very difficult and contentious fight all the way into the summer. and that would surely help democratic prospects in november, tyler. >> john, thanks very much. we know you'll be watching tonight. >> as will we all. >> yes, indeed. coming up next, we'll talk teflon markets. negative news doesn't seem to stick to the averages. the dow and the s&p above key

levels br both of those. but if the rally stalls again, are we heading in the direction of a correction? let's take a look at some of the s&p sectors right now. eight are higher, but the industrials and the utilities are lower but just by a little bit. my high school science teacher made me what i am today. our science teacher helped us build it. ♪ now i'm a geologist at chevron, and i get to help science teachers. it has four servo motors and a wireless microcontroller.

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welcome back to "power lunch." rick santelli on the floor of the cme group. today we had weak housing data. we had weak durable goods. but we had very powerful

consumer confidence, very powerful richmond fed. and right around the time those 10:00 eastern data points were coming out, the good ones, we had news about an irish referendum. as you look at an intraday of our ten-year, of the european ten-year and of the euro currency, you could see the tug of war that was ensuing. but ultimately, as i look up at a 1.91 yield, it all seems to come out in the wash, that basically the irish vote isn't going to necessarily change the dynamics of greece, but it could have implications for the 17 countries potentially that share the euro currency. it could also have some strings attached to the referendum to get concession for ireland. but it's much dicier. but after we work through it all, energy prices distorted some of the good news. and on ireland, it seems the mash, well, not as scared, afraid of the news as the euro, initially seem to have priced out. back to you. the dow making another

attempt to close above the 13,000 level, a level not seen since the financial crisis in '08. meantime, the s&p is rallying above the 1,370 mark but with a 20% gain already in since october, how much more is left in the rally? or are we headed for a correction? joining us are kent kroft and hugh johnson. good to see you, gentlemen. hugh, we'll start with you. you're a little worried about this. and bob pisani pointed out earlier that we're seeming to get a divergence between the dow jones transports and the dow jones industrial average. what are we in for? >> it's hard to call short-term swings. most people should probably ignore anybody that tries to call short-term swings. but a couple of things bother me. first of all, from a valuation point of view, as i do the number, we're about 8% overvalued right now, or above the level we should be right now

in this current quarter. that's one thing. and the other thing is there's widespread optimism. as you know, when there's fairly widespread optimism and the market's somewhat overvalued, you have to brace yourself for a little bit of a correction. and we could get some news. the february economic numbers are going to be very important. we'll see those over the next week and a half. they better be good. otherwise, they may touch off a correction. i'm a little bit concerned but all within the context of an ongoing bull market. >> i think that's an important point to make. but, kent, do you agree that we're perhaps priced for perfection here? >> no, i think there's still lots of very good ideas out there at very reasonable prices, even though the market's had a good run this year, overall, from a price-to-earnings standpoint and other valuation measures, from our standpoint, we think things look very reasonable. especially if you take, as the other guest said, a longer-term time horizon, the ideas, we

think, abound. >> such as? >> such as -- i'll just -- i don't think you have to go very far afield -- something like a johnson & johnson where you can get 3.5% dividend yield that yields above 2% treasury where you're guaranteed no growth. and i would rather take my chances with johnson & johnson over the next ten years of getting some growth along with it. >> you know, hugh, you made about the point about economic data coming out. the durables number this morning wasn't good. and the home price number from case-shiller was not particularly good. that would confirm your thesis that maybe there are some issues here behind the numbers. but yesterday, warren buffett said he thought stock prices were relatively undervalued. how would you debate him? what would you say to him? >> i'd tell him to crunch the numbers, number one. there's no question the direction of the economy is positive. there's no question the direction of earnings, which are slowing, is positive.

but you have to get down to crunch the numbers. if you do crunch the numbers, there's a couple of problems. that is, yes, the direction is up. but we're a little bit ahead of ourselves. as i say, about 8% above the level we should be in the current quarter. common sense alone -- i would tell warren this -- common sense alone says, after you've moved up 20% since october, it suggests that maybe there's a correction in store. again, i may be wrong. you probably should ignore it. it's within the context of a bull market. but common sense suggests you maybe pay a little bit of attention to that. >> you like coach and fifth third, if the market were to correct and provide a better buying opportunity, what other stocks do you have your eye on? >> we have -- i think anything within the consumer discretionary and the financials sector. but we also look at the industrial and the technology sector. if you look there, union pacific is a good name within the industrial sector. and ibm also in the technology sector, i should add. we've taken a little off the table because we've had such good performance from both the coach and the ibm.

but still on a longer-term basis, they look really, really solid. >> gentlemen, thanks a million. good to see you both. >> you bet. up next, nice work if you can get it. private equity titans took home $94 million pay packages last year. that would put them in the top 1%. plenty of it was taxed at the 15% carried interest rate. a lot of the rest of it was dividends, also tax low. sure to put more fuel on the fire of taxes. >> how is it all playing on wall street and is there a better way? we're going to ask a form goldman sachs top gun who's now a venture capitalist. "power" is back in two.

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let's check in with scott wapner and find out what stocks are on his radar as the dow jones industrial average remains above the 13,000 level and we're above that key technical support level in the s&p, too. >> and on that note, sue, i'm taking a look at the best-performing stock today in the dow jones industrial average, which just happens to be microsoft. yeah, a lot of conversation today about apple. but i'm taking a look at this other technology company. you can see it right here. stock's up almost 2% today. just shy now of $32, ahead of what is a big day for the company tomorrow in barcelona, the mobile world congress out there, it's going to roll out in a test release, that new windows 8 mobile operating system. it is a huge potential product

for microsoft. investors have been going into this stock. you can take a look at the movement not only intraday but year to date. that's why i'm watching it today. just shy of 32 bucks, on a day when apple seems to be stealing a lot of the conversation. microsoft's had a pretty good year as well, up almost 23%. >> scott, thanks so much. today's "power" player is peter kiaran. he's the former head of the robin hood foundation. he's a philanthropist and a venture capitalist and has a new book. it is a rocket-fueled ride from number 87,199 last week to the top. "first on cbnc," we're pleased to welcome back peter keernan to the show. i'm not going to say it.

there it is. becoming china's "rhymes with rich. they didn't teach you this language in college, did they? >> no. >> why such a provocative title? >> i want to do something that was like a defibrillator on the american spirit. we've convinced ourselves we could coast along. how do you manage in uncertain times? we'd say, what are the things keeping us frozen? we're frozen like an almond in a piece of toffee. and anybody trying to manage now would try to say, what are 20 or 30 problems and let's prioritize the top ten and really focus in, hone in on them and go out and solve those problems. that's what my book is. it's written in those two parts. >> we both consider ourselves very lucky individuals in this country. >> spectacularly lucky. >> we have been very fortunate.

you have worked in a world of high finance and hedge funds. and in light of the earlier story that we just ran about the kkr partners making $94 million, i want to read a portion of your book. you say, we've become a frozen tablo of contrast. we're rich with poverty rates at all-time highs. homeownership is higher here than anywhere in the world and our homelessness keeps breaking records. 40% of adults and 20% of kids are obese and more americans will go without food today than at any other time since the framers. in light of your feeling about that, which i know is heartfelt and sincere, what do you think when you see individuals making $94 million a year and paying taxes at an extremely low rate on them? >> it's a stupendous amount of money to make. i think the challenge is whenever the issue of taxation comes up, we have this rabbit warn of tax policy, tax law, tax code. it's inpossible to fathom. people spend their lives looking for every twist and turn.

and to the extent that some people enjoy some benefit, it's because there isn't an overall thoughtful approach to taxation. now, whatever it is that they may be able to claw back from is just a piece of a much bigger mosaic. we're running about $1.3 trillion deficit right now. what's striking about that is we have to borrow about 42% of that. >> and as you point out, the focus on these little issues -- and i put the kkr pay in the category of small issues. >> right. >> distracts us. they're beautiful rhetorically. they're marvelous to demagogue. but they distract us from solving the bigger, more intractable problems we face, like dealing with china. the president today, for example, said in his speech to the uaw membership that he was setting up a commission to look

at our trade relations globally to make sure they are fair, including china. how does that strike you? >> it strikes me as a very good start. he signaled this was coming in the state of the union address. and there have been a lot of people, myself included, that have been very disturbed by the unfair, unlevel playing field. that's a currency that's been kept deliberately weak. and in one single day in 1994, they revalue that currency by 50%. since that day, china has created 10 million jobs and the united states has lost 6 million manufacturing jobs. now, many of those jobs, i'm sorry to say, will never return. but the simple fact is, we have exported some of our own employment and china's been the beneficiary. i think we need a broad-gauged relationship with china. i think to take pot shots at one little piece of a broad relationship is dangerous. >> i want to go to a couple of things -- i could spend an hour -- i highly recommend this book. it is well-written, it is very

thought provokinprovoking. i want to talk about your self-definition as a radical centrist. i've seen you get very passionate. you've been involved in charter schools. what does a radical centrist like you truly stand for, number one, and number two, do you think that's what america is calling out for? >> i think it's absolutely what america is calling out for. the reason i believe that is, people have said to me over and over again, i don't really like everything they're saying on the far right. i don't really like everything they're saying at the far left. there are elements of both that make sense. all radical centrist is is being a commonsense america. we have had a legacy -- our pedigree is we unite and solve our big problems. that's our history. we've done it over and over again. but we have an architectural divide that we've created. it used to be easy to be a moderate. we don't need them now.

>> what's that ben franklin quote you have in here about moderates are compromisers? >> it says compromisers don't make great heroes but they make great democracies. >> peter, thank you for coming by. you thinking of running for office? >> not a chance. this is my role. >> part of the problem is that people like you don't run for office, peter. >> no, i have a career that's been spectacular. i spent my life fighting for hunger and people who are sick and homeless and write books when i get a chance. >> there's the book. look at it one more time there. there's the title. peter, thanks. >> pleasure. thanks. >> terrific stuff. coming up next, hot commodities. oil up 10% this year. silver up 30%. some of the ages surging as well. will the commodities' bull run continue or is it a bubble about to burst? and later, plenty of chatter about google plus. 90 million registered users but how many people really spend time there? is it a plus or a minus for google?

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welcome back to "power lunch." 2 1/2 hours left to trade. the major indices all higher. the dow above that 13,000 mark. the s&p 500 also holding above that multi-year high of 1,370. if we can close above that, it will be the first time since mid

2008. the energy complex continuing to trend lower a bit. crude oil down more than 1% at this moment right now as we get closer and closer to that settle point. the yield below 2%. gainers outpacing decliners in the s&p 500 today. here are the winners and losers. priceline holding firmly into the top spot, up more than 7%. apollo group on the other side. down more than 12% on also very disappointing earnings. let's get over to sharon epperson. she's at the nymex with those metal closes. sharon? >> hard assets definitely the best performers today, particularly silver. silver's up 4% on the session. when you look at the monetary easing, the quantitative easing we've already seen from the fed, from the ecb, from china, from the bank of japan and the ltro 2 coming tomorrow, that's what a lot of traders are banking on. that's why they're interested in silver and gold as well. silver is up 33% so far this

year. and is playing catch-up now with the big gains that gold had over the last 12 months, up about 26% in those 12 months. gold gaining today, along with the euro. keep your eye on copper. copper is also at a two-week high. again, a lot of the metals on fire in this session. back to you. >> thank you very much, sharon. perfect segway. as sharon pointed out, the commodities are on fire. the spot index rising 10% this year. energy, metals, ages, livestock all playing a part in that surge. but is there a chance that we could see some overheating in the short term? joining us now, bill o'neal with logic advisers and from the cme group is scott shellady. welcome, guys. >> good to be here. >> bill, i'm going to start with you. you pointed this out to me in an e-mail the other day. you think the net long positions, bullish positions in commodity contracts is at a high that indicates to you maybe we're at maybe a near-term top,

short-term top? >> it indicates overheating -- as you know, i'm a cyclical commodity bull. a little contrary to my long-term view. but the reality is those positions are at a level that tells me maybe we need a little bit of a correction. last week alone, crude oil was up over 11%, gold, 10% in the cftc commitments data. tells me there was a little bit too much of a rush into the markets. par of it relates to, we're out of that negative money flow period from mf global and the fund redemptions. >> scott, it seems to indicate, as bill is pointing out, that commodities are back in vogue as a legitimate asset class as we were several years ago. but how do you feel about the performance near term? what would you do in this market? >> well, i think i'd be cautious. with the ten-year yielding 1.9%, 1% today and the equity market is dodgey at best, we could see a little bit of a pullback.

however, with something with a real true story about it and you want to throw q.e. or low interest rates at it, that's going to give us more fuel to the upside. the grains in chicago, for instance, we have a situation where we have short and long-term trends all pointing higher. we will need something like a wet spring or some real hot summer to take us from where we are right now. this is a good launching point. but we would probably like to also see a healthy little retracement or sideways movement before that happens. >> you pointed out the differential. a lot of people are talking about oil. but you point to corn as a compelling long-term story, correct? >> yes, i do. it depends on what actuary you talk to about the population and what the growth will be over the next 35 to 40 years. let's use 40 years as our number. there's a chance we could double the world's population between now and then. in the past when my father trade this had market, we had situation where is we had the guys at dupont and dow chemicals, the technology stayed ahead of the demand. now we're seeing the demand for

our products, i.e., corn, start to outstrip the technology and we can't keep up. so we've got a situation where we talk about peak oil. i could make the argument that we run out of corn before we run out of oil. >> what are you most bullish on, longer term, and with that, you're expecting perhaps a short-term pullback in some of these markets? >> gold, i'm an adamant bull for gold. i think prices will go over $2,000 down the line. all this liquidity that's being added from just about every central bank in the world is going to contribute to that. i don't trade silver because it's too volatile for our client base. but i think that's going higher. platinum is a big favorite of mine. >> what about copper? >> copper is a market -- fundamentally short term, i think it's fully priced. but i see that higher. but i'm not quite as fond -- the metals are all up double digits year to date. one market i really don't cover but my partner in california does is cattle. and he was pointing out that the cattle herd is the lowest it's been since the 1950s.

it takes a long time to turn cattle around. it takes about 18 months. we may be paying a lot more money at the supermarket for our beef. >> stock up on steak? >> right. won't be able to drive or eat steak. >> thanks, guys, very much. appreciate it. sue, we're going to show you right now the video of the day. who hasn't been in a situation sort of like this? 21-year-old german waiter lost his balance and accidentally -- watch this -- dumps five beers all over germany's leader, angela merkel. the waiter was filled in, cheers, for a colleague who said she was just too nervous to serve the chancellor. the waiter said he tried to catch the slippery brews. but it was too late. all we could manage was shouting a four-letter expletive really loudly. i guess they're applauding the waiter right there. >> they could be applauding --

maybe they're really on their way to a solution in europe and you know at the end of the football game how the winning coach gets doused with gatorade? >> maybe that's it. don't cry over spilt beer. up next on "power lunch," is google plus turning into a minus? is anyone actually using it? new research that may surprise you, next. [ mujahid ] there was a little bit of trepidation, not quite knowing what the next phase was going to be, you know, because you been, you know, this is what you had been doing. you know, working, working, working, working, working, working. and now you're talking about, well you know, i won't be, and i get the chance to spend more time with my wife and my kids. it's my world. that's my world. ♪

so -- tell me again what happened. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere.

what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ in today's "power lunch" hot file, is google plus turning into a minus? and is anyone actually using it?

"the wall street journal" suggested google's stab at social media has created a ghost town. more now from cnbc's own jon fortt and herb greenberg who counts 920,000 followers on his g-plus alone. is that true? >> it's true. maria's ahead of me. she's at 1 million. and cramer's at 1,000 behind me. here's what's interesting. 920,000, i have 12,000 on facebook and i have 25,000 on twitter. when you get to the issue of -- bang for the buck, the type of reaction i get when i post something on twitter and facebook is actually considerably much more and much higher quality comments than i'm getting on google plus. i think one of the reasons for this is because google plus is still used a lot by people who really like technology, financials news isn't on there. i hear from a reader who posts

on facebook today, says, technically, i'm one of your followers on google plus, but i rarely ever check it. the gravitational pull to facebook is still stronger. therein lies what these numbers show. >> jon fortt, is google plus a club that they've just let everybody into but nobody wants to be a member of? >> yeah, they sort of let people in blindfolded sometimes. sometimes people end up signing up for google plus and not even really intending to. google's making it very easy to get in. this actually lines up with google's overall goals. they're looking to get social signals into certs. they don't need that much information in order for google plus to add value to them. but they really do need to improve engagement over time. but they can afford for that to take a while. that's the key issue here. it needs to get better. it doesn't need to be better right now. >> and so speak a little bit about that very key phrase that herb used, i think it's a good

one, the gravitational pull of twitter and facebook. >> this is something that's widely underestimated, i think, online right now. technically, there aren't barriers to entry to so many things -- search, social. but people have limited amounts of time, they have limited amounts of attention. i have a google plus account. but between trying to deal with facebook and twitter, it's hard to figure out how to add another one. so people aren't going to give google plus that much time unless there's a key reason to. 12k3w4r final questi . >> final question to you, herb. remember how big myspace was? and facebook came in and swatted them away. is there anything that you can think of that could have a similar kind of consequence for the market leaders facebook or twitter? >> look, we don't know. but one of the important reasons to use google plus, especially if you're a journalist or whatever you're doing, is you do get indexed in the google centering. so you show up -- i think jon would agree on that. that's something you get more

sort of followers and you're in -- when somebody searches for you or zernlgs for something, they may come to you more. >> when i look up "find herbs," i'm going to get herb greenberg? >> unfortunately you will. >> thanks, herb and jon. appreciate it. let's give you an update on the market. the rally is fading a little bit on the key indices right now with the dow just a hair below the 13,000 mark with just a fraxal percentage gain on the day of less than .1%. it's at 12,993.35. nasdaq is up .5%. the s&p 500 is just a hair below the 1,370 mark. what really matters is the close on these indices. that's what traders are going to be charting and that's why you have to stay tuned right throughout the closing bell today. up next on "power lunch," why 68 may be the new 65, which is really good news to ty and me.

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welcome back to "power lunch." i'm seema mody. three stocks on our radar here.

take a look at micron tech, up better than 5.5%, expanding their joint venture with intel. the deal calls for micron to supply chips to intel. also on the move, take a look as shanghai listed sina corporation, their twitter service, weibo, will boost the second half. and priceline delivering an upbeat q1 guidance. the stock outperforming in today's trading session. time is the biggest ally when it comes to retirement savings. if you're part of a growing population that needs to catch up, postponing your retirement by just three years may be the easiway to go. sharon epperson takes a deep dive on the ways to catch up. i'm listening, sharon. >> all right, sue. the h.r. consulting firm towers watson did a survey and found that 39% of workers plan to delay retirement. now, the findings in this survey mirrored what we found when we talked to a roundtable of financial experts.

that is, for those delaying retirement, they plan to work an extra three years. >> if you have a job. i think part of this we need to recognize, for the boomer today that's 55 or over, they're not receiving any income appreciation whatsoever. b, they're at serious risk of not keeping their jobs. when we look at today's boomer, if income is not a variable that they can control, if they're reassessing their market returns, the only other variable that they can control is their expenses. >> when you are close to retirement or if you're working, quote, in the retirement age in your late 50s, early 60s, maybe you don't put as much money in a retirement account, you use that money so the money in your retirement account continues to grow but you're not having to later on dip into that money for expenses. does that make any sense? >> tax benefits you get by saving within a tax-sheltered rep like a 401(k) are less impactful once you get into your early 60s.

but if you plan to work longer, you could forego those retirement plan contributions at that point because you're not getting that much of a tax benefit. think about spending them to sort of enjoy a pre-retirement before you're actually retired. so if the reality is, you're going to have to keep working, it's a way to kind of split the difference. >> sounds like there are a lot of caveats there, that you have to still be working and you have to be very disciplined already and have established a real retirement savings pattern that would allow you the luxury, then, of necessarily contributing. what do you think about that idea? >> you have to be very careful. the key word that you use is discipline. >> the other thing you have to consider is social security. for those who are 55 or older, they will not be able to get their full reto my knowledge benefits until their 66 1/2 or 67. so working until your 68 or 70 may not be as much of a stretch. >> thanks, sharon, very much. coming up, just two hours left, a little more than that,

in the trading day. we'll be back with our charts of the day when we return. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪  are you still sleeping? just wanted to check and make sure that we were on schedule.

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are the rich really different from you and me? a new study finds that 1 percenters are more likely to lie, cheat or cut off anyone driving in a cheaper car. but perhaps worst of all, wealthy folks are more willing to take candy from a child which begs the question, does money come with a sweet tooth? >> that's awful. let's check the markets. the dow jones industrial average is up about three points on the trading session. it's at 12,985. the nasdaq composite is up .3%. and the s&p is up by about .1%, two points below that key 1,370 market. but crude oil is declining by about 1.75% on the trading session at 106.62. >> in light of our conversation with peter about his provocatively titled book, i