time for one final trade. stephanie? >> i like boeing. ahead of the air show which is in july and i think that's a positive catalyst. >> that's it, guys. thank you. "power lunch" is up now. "halftime" is over. "power lunch" and the second half of the trading day starts now. we welcome you to "power lunch." this is crunch time in greece. the election is three days away. the greeks get to vote but everybody else has to hold their breath. our michelle caruso-cabrera will join us. which airline is your best bet? phil lebeau is on the case with that. we start with breaking news.

rally time on wall street and that's probably because my partner ty is at the nyse today. they like you down there, ty. >> for the first time in history, bringing positive numbers to wall street, sue! the markets are picking up steam. we are as you said in rally mode right now. the dow up about 1%. about 120 points at this hour. the s&p 500 is higher by about 11 points or about .8 of 1% and nasdaq is up as you see right there another 18 points at 2837. that is about two thirds of 1%. more u.s. market news coming up. but now we move to the other big story of the week. and that is the euro crisis as the countdown to sunday's election is on over in greece. here's what you need to know right now. the german chancellor merkle saying today that economic reform is the only way to fight the debt crisis over there. germany's parliament is going to vote on june 29th on whether to fund europe's rescue mechanism

champions by miss merkle. and spain pushed back against advice of finland on how to use bailout money. maybe the spaniards could use some help. the 10-year yield hit a record of 7%. there you see it at 6.91% right now. the greek stock market picking up steam ahead of the vote. if you put your money on the athens exchange, this morning, you made 10% today. how about that? beautiful. greek bond yields are, however, extremely high. let's take a look at them. as you see there, the yield on the 10-year greek debt is 28%. you got to wonder whether that greek debt is around in ten years. stocks mixed throughout europe. the ftse down a third of a percent. the german dax down and in paris, higher. italy's market up by 1.5% and

ireland lower. michelle caruso-cabrera is in athens waiting for the voting to begin. >> it's one of the most crucial events to frame the discussion of whether or not a country is going to leave the euro. there's going to be a big vote here on sunday. the greek voters are in theory voting for a prime minister. but many in europe see this as a decision by the country of whether or not they want to stick with tough reforms that keeps the bailout money running. this country needs a government because the building behind me parliament is empty for a month since the elections last month completely inconclusive. this sunday's elections could be more conclusive. what europe is worried about is alexis seprus. the rest of europe is frightened enough about the financial ripple effects of greece potentially leaving the euro if they vote for him he will

renegotiate the bailout package and lessen the severity of the austerity measures the country has been living under an and trying to tell the people this is not about a rote to stay in the euro. however, the other leading a ii candidate is running a frightening ad showing a classroom of the future where children are listening to a teacher chain all of the countries that are in the euro zone and then one of the children asks, but teacher, why isn't greece in the euro zone? what happened to greece? and they focus in on the teacher and they say, don't gamble with your children's future. and you can be sure that the teacher as they say that who looks exactly like the opposition candidate, that was by design. they're trying to frightening voters to say if they vote for him that it is going to be a vote against staying in the euro. and we know that all the polls show 80% of greeks still want to remain in the euro. he is gaining a lot of traction,

though, because the austerity measures have been very tough on the country. we know, for example, that we have seen a sharp rise in the country of people going to soup kitchens, getting help from homeless shelters that are being run by catholic and christian charities and private donations, as well. we have the europe team doing legwork and shot a lot of video showing the really tough results of these austerity measures. we find out on sunday, but boy, it's a screecher because we know that both of these parties, tyler and sue, are neck and neck in the numbers. back the you, sue. >> thank you very much. we look forward to hearing more from you throughout the day here on cnbc and checking in with michelle tomorrow and all next week as the votes are cast and counted. steve liesman joins me right now because the backdrop is politicking in europe of a new plan, a european plan to address the issues. what are you hearing? >> if it's thursday, they're talking about a plan, sue. there's talk and cross talk.

there's claim and counter claim of whether the europeans are discussing a plan for capital in that their banks along the lines of a t.a.r.p. program in the united states. you can see by looking at the 10-year, that's the german benchmark treasury note or finance note what some say is an increasing note to pick up a big part of an increasing tab for the european bailout. there's the yields rising. three elements of what's being discussed with a big question being the details inside each one. the first is banking union. more about that in a second. support for rates for countries with reform and the issue of a shift towards growth. delaying the austerity measures that michelle was just talking about. look at the banking union and people are focused. use of this big $500 billion euro esm. that's discussed and debated and whether the money goes to the banks or through the government. we're hearing it would likely go through the government. if this happens which is

unclear. the ecb could become the regulator for biggest banks. we're sure that will be discussed and don't know if it's agreed to. along with this issue of euro-wide deposit insurance like in the united states but they have an individual national ones. however, there's a whole other way of looking at this. that's the immediate fix but others especially i believe the germans have this idea of the long haul. first, harmonize the rules. unify deposit regulations and then a big bailout fund and many years or certainly months down the road. key dates coming up. greek election. followed by the g-20 submit in mexico. next week. and probably the most important of all, a june 28th european council meeting where this will be discussed and notice i didn't say decided. >> okay. steve thank you very much. >> you're welcome. >> one step forward, two steps back. scott cohen joins us with details on the breaking news. >> stanford will get 110 years

in prison, far short of what prosecutors wanted in the $7 billion ponzi scheme. they asked for maximum 230 years. the sentencing hearing unfolding now in houston. stanford himself spoke at the hearing saying, emotionally, i am not a thief. i never defrauded anyone. never set out to do that. he said that if he spends the rest of his life in prison, if it works out that way, he will always be at peace with how he conducted himself in business. stanford's victims at least two of them got up and spoke at the hearing including angela shaw, the head of the stanford victims' coalition. she said allen stanford took our lives as we knew them and noted that many of the victims have been suicidal and some have actually followed through with committing suicide. again, allen stanford sentenced to 110 years in prison in the $7 billion ponzi scheme. he will now appeal and because all of his assets or what's left

of them have been frozen, that appeal will be paid for by the taxpayers. back to you. >> scott, the prosecutors wanted, what in better than 200 years, correct? >> 230 years which would have been the maximum. we are still -- this just now breaking and we are seeing if judge david hitner is at all elaborating on why he chose a lesser sentence of 110 years. effectively it's life anyway and prosecutors said that whatever they sentence him to that he should get life in prison and this would effectively be that assuming it holding up on appeal. >> thank you very much. all right. another day, another bond auction here in the united states. rick santelli is live in chicago for a grade to this one. how did we do, ricky? >> well, you know, i was going to give it a c-plus but that extra time while i was listening to that horrible story of stanford, i'm raising it up to a b-minus. the grade. let's go through the metrics. the yield on 13 billion reopened

30 so really 29-year 11 month securities. we originally auctioned last month. well, 2.72 is a record low yield at an auction. just like yesterday's 10.622 is a record low. but not on the market on the secondary markets. the bid to cover on the auction 2.40. ten auction average 2.66. go back to november of last year to find a e qualm 2.40 bid to cover. you have to go back an extra couple of months to august of last year to find a lower one. indirects were close to average at 32.5. directs were solid at 24 above the 17%. ten auction average. but in the end the wi was exactly where it priced. it was downgraded a bit because of the weak bid to cover but all things being equal, b-minus isn't bad and once again we continue to see investors somewhat clamoring for securities and we know the reason why. back to you. >> all right.

rick santelli, thank you very much. from rick in chicago, we come back to new york and the nyse. if you don't know it by now cnbc.com has an alliance with yahoo! finance. writing about europe today and what happens if the continent becomes a smaller trading partner for the u.s.? thanks for being here. >> good to be here. >> i understand it's already a declining trading partner for the u.s. >> we heard that europe is our biggest trading partner. if they go south, won't it drag the u.s. down? and when you look at the data it're clear the trading with europe is stagnant since 2008. the euro zone is a very big place to export a lot, import a lot from, but china, canada and mexico are near neighbors. africa, latin america, they're picking up the slack, and so, by the end of the year, it might be that the euro zone is not the

biggest trading partner. >> what's the implication? i guess that companies need ntd be as concerned about what goes on in europe, i suppose. >> right. the important thing to consider in the suffering of the greeks and the italians and the spain yards is how does it affect us here at home? and, you know, for a lot of companies, if your business model was to sell a lot more widgets next year, you needed a business -- different business model anyway. we exported as much to italy as we do to venezuela. we export more to ghana hathan do to greece. i think the economy is adjusting to this kind of changing shape of the world's economic geography. >> all right. dan gross of yahoo! thank you very much. sue? >> any time. ty, we figure out to possibly play the exporters with

the uncertainty in europe. i'm with jim here of t.j.m. institutional services. you picked a couple stocks for us. >> i did. the market seems fairly confident that the vote will go okay. i don't share a ton of that confidence. so i want to pick things that to me seemed safe going in to this. >> right. >> if people don't tend to vote for austerity. if they do, the euro will scream higher. the dollar will go lower against a lot of currency pairs and exporters should do well. i was looking at dupont. which operates in 80 countries. not hugely europe exposed. i also looked at exxonmobil, big exporter. if the dollar screams higher in disappointment, crude oil will get tanked and exxonmobil is affected badly. >> it's interesting because we are looking at possible qe3 being signaled next year and

dollar negative. >> of course it would be. of course it would be. there's things more aspects of gambling to trading right now than i'm completely comfortable with. betting on an outcome 50-50. qe3 or not? you have to position yourself more cautiously than you normally would. >> good advice. a dicey weekend. thanks. ty? all right. opec is holding a key meeting in austria and reports say there's no change in production. let's find out more as we look at the oil board there and west texas intermediate at 83.77. kelly evans is live for us now in vienna. kelly? >> reporter: yeah. reuters reporting that the meeting just behind me will say that there's no decision to change output levels from the current 30 million barrel ceiling agreed to in december. but the feeling outside here is restless. we've got security guards waiting over here by the stand.

we have reporters here and analysts. everyone's wondering what's taking so long. the reports initially coming out a couple of hours ago and now meeting for four hours. two hours since they could have come out with a statement and still waiting here. it's possible what's holding things up is talks over the next secretary-general and there's politics involved with regards to the next minister. whether it's an iraqi, someone from ecuador or someone else. that could be a reason why we haven't seen a statement come out of the meeting yet, why they're still meeting. we're hoping it's within the next couple of minutes. we can't tell you much more other than seeing a member of the libyan delegation tell us a few minutes ago he's still relatively optimistic. he says, look, we have gone to 3:00 in the morning before. this is nothing to get worried about. >> all right. thank you very much. reporting from vienna for us. let's go back over to brian shactman for a quick "market flash" from headquarters.

>> thank you very much. dollar store having a tremendous day. three names hitting new highs, new 52-week homes. all hitting new highs. we have family dollar with an upgrade at cleveland research to a buy with an 85 to $90 price target. there we go right there. you see the numbers. family dollar up almost 5% and costco, tyler, buying out their mexican partner and take over all 32 stores there. their number three market. that stock up 32.5%. >> fascinating stuff. thank you very much. so are you a frustrated flier? why am i smiling? brand new numbers are in regarding who's on time the most and who is not. before we break, some of today's biggest losers in the market led by nokia. big layoffs coming there, followed by some big winners. let's look at the winners now. feeling better about that quintet. tdd#: 1-800-345-2550

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dramatic dramatic pictures. major wildfire north of denver scorched 50,000 acres. winds expected to gust and making life difficult for firefighters. ty? key numbers out today. details the best and worst airlines when it comes to getting you there on time. phil lebeau is live in chicago.

phil? >> and tyler, this is the best performance by the airlines in about two years. 86% of the flights arriving on time. top three all over 80%. hawaiian, airtran and delta. the bottom three closer to 81%, 82%. american, united and expressjet. look at the complains of baggage. 2.63 per 1,000 passengers, lowest percentage of complains since they collected data starting in 1987. look at shares of airline index and obviously this is moving higher as oil has retreated a bit but as you take a look at the airline index, up 15% when people say more people carrying on bags, fewer checking bags, i can see why there's fewer complains of baggage. >> thank you very much. i'm coming to chicago next week and keep our fingers crossed. our turn to analyze the analysts.

and we are then going to look at them. plus, one giant toy show over in tokyo. it's fun and it's coming up in two minutes. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future.

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take a look at this. the annual toy show in tokyo. all the high-tech toys. they start off in a low tech way with 10,000 wooden so-called tick bombs and knock them down like dominos.

it set a record for knocking down stick bombs. among the cool toys, a robotic dog. in tokyo. sue? >> oh my kids would love that. jim is here with us and starting with rw bear downgrading nokia. that stock is decimated recently. underperform. $2 price target. this is like kicking a dog when it's down? >> no question. it shows it's looking for a place to crawl away and die and for this guy to downgrade it seems mean spirited really. however, the reason i disagree is nokia and rim, that is free option now at 2.30. anything worth taking over, might be worth to take it and put in it a drawer and wait. >> the analyst says it threatens the survival and windows may be too little, too late. you think a takeover target? >> maybe. the market seems to say it

isn't. downside is zero risk. >> let's move on. we go to best buy with citi upgrading it to neutral from sell noting the massive pullback led to a more balanced risk reward ratio at current levels. the stock up almost 2%. it is a strong market day certainly. a 2% move is significant. >> the call is more gutsy than the nokia one and trying to catch -- >> that's true. >> i do like the call. best buy is hurt badly. there has to be a level to be a decent value. this to me seems good. i'd buy it. >> let's move on and our next stock is lazard downgrading darden saying same store sales trends unlikely to accelerate in the near term. they have a variety of restaurants. they're a cross economic type of brand. you agree or disagree? >> i do agree with that, too. but i think more of a question -- we saw those

economic statistics from the fed. i think this industry is difficult going forward. and an italian mf american would never pitch olive garden and be against it in principle. i agree with the decision. >> stock's over 16% in 6-month period of time. thank you, jim. over to brian shactman? >> sharon talking about natural gas popping. look at the producers here having a very strong day. in fact, the energy sector, the only down s&p sector for the year, one of the top three has been the top at various points and there's the names. 7% to 3 to the upside. back to you. >> thank you. metals markets about to close for the trading day. this is a crucial weekend. we'll see what they're going to do when the gold pits at the floor next. no problem. you want to save money on rv insurance? no problem. you want to save money on motorcycle insurance?

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gold gold prices closing right now. sharon is tracking the action over at nymex. >> gold traders seem to be cautious here. there's a lot of things to look ahead to and namely the greek elections on sunday and the fmoc meeting next week and there's mixed reaction and views about whether or not the fed will do anything in terms of monetary easing. there was a big investment firm

this morning saying that they didn't believe that the fed was going to do much of anything and gold and silver both seemed to sell down on the news and then got some support as we have seen a risk on trade on many other commodities. look at what happened to oil. oil prices have come back a bit here and some traders saying that that may be somewhat supportive of the gold market, as well. keep in mind, though, looking in to the other metals markets, platinum and palladium the strongest metals today and might be the low prices versus the cost of production according to jim steel and continuing to watch that price action as gold trade treads water here. back to you. >> thank you very much. let's get the trading action. where have you been all my life? >> nice to see you. >> nice to see you. >> confirming what sharon says, the market is definitely starting to price in a qe3 or an extension of operation twist.

something like that is in the market right now and disappointed if you don't hear that. >> the market must like that but happening for the wrong reasons. >> of course. >> because the economy is not -- >> you don't want this thing to move the market. >> exactly. >> nonetheless, there's also hopes far bailout victory in greece, as well. the dow tracked for the highest close since may 15th. look at that. moving up every day. in fact, tyler, the whole month has had a much better tone. we were going down and down and all the risk on stuff, the aussie dollar, energy stocks, material energies, energy stocks down 2.5%. copper is down a little bit but it was a dramatically to the downside for a couple of months. i'm just saying since and we are at the midpoint of the month and bringing this up. things have been more stable not just today but on the month as a whole. here's one thing that's strange to me. what's the leader throughout? apple. we have a great day overall for

the market. apple isn't doing anything right now. and hasn't been for a while. frankly, remember, apple used to be the market leader. as the market goes and so goes the market. >> and the apple developers conference, a tonic there the other day and not had any follow-through. >> while great for users like me, maps, that certainly is a good idea but not going to move apple stock. no big announcements. >> nothing blockbuster there. great to see you. let's go uptown to the nasdaq and find jackie deangelis. >> thank you, tyler. a few key stocks to watch. i want to mention ctrip first, the company announced that it would potentially be buying back shares. up to $300 million of the adr. also celgene with the rise of yesterday an announcing a $2.5 billion stock buy back.

an example of a bio tech company tapping reserves to boost confidence. shares of adobe down before and flat on the day at this point after a downgrade of jeffries. price target cut from 38 to 32. and i also want to mention green mountain coffee roasters down 5% on the day after are research shows that sales of k-cups slowed there. sue? >> thank you very much. more breaking news now from scott cohen and brought us on the stanford sentencing and me's back with us live with more. scott? >> this 110-year sentence is less than half what prosecutors asked for but it accomplishes what they and thousands of victims wanted. allen stanford will go to prison for the rest of his life. he was also ordered to forfeit $5.9 billion, that is largely symbolic, as well. judge hitner didn't explain why he didn't give him the maximum and called the $7 billion scheme one of the worst financial

crimes ever with thousands of victims. he said he read 350 letters about two those of victims in court, dressed in black. victim angela shaw said in court stanford took our lives as we know them. stanford was defiant to the end and in a rambling, sometimes emotional speech lasting more than half an hour, he said he is not the thief and blamed the government and said if i live with rest of my life in prison, i will be at peace with the way i conducted myself in business. he will appeal and because the assets are frozen, we the taxpayers will pay for that appeal. again, allen stanford sentenced the 110 years in prison. sue? >> thank you very much. now to the housing front. freddie mac saying the average rate on a 30-year loan rose to 3.71% and the housing front, foreclosure market activity

ticking higher in may, as well. a bad sign? well, cnbc real estate reporter diana olick is here to. >> depends on how you look at it. we need to clear through the distress in the market in order for recovery and so many delinquent loans held in limbo for so long thanks to the robo-signing scandal and now a settlement and now seeing a jump in activity, 9% month to month and down 4% from a year ago. foreclosure starts which are the first phase of the process rose for the first time in over two years. the rise came in judicial and nonjudicial states. georgia is the nation's highest foreclosure rate leapfrogging arizona, california, florida and nevada. bank repossessions, the final stage of foreclosure jumped 7% after 3 straight months of declines but analysts say more of the foreclosure starts as short sales or auction sales to third parties, aka investors,

rather than bank repossessions going forward so we need to get through these and then it's a little bit more pain. >> sounds like it is. thank you. there's a new report from black rock saying a housing recovery maybe in sight. we're very pleased to welcome the vice chairman, barbara novak and senior adviser to the head of government relations. welcome, barbara. good to see you. >> hi, sue. >> let's -- can i pick up with where diana left off if i could? if we're seeing a bottoming in housing prices which i think you are seeing we're seeing people try to invest in foreclosed properties, invest in bank owned properties for profit. but if we have a recovery coming in the housing market, is that longer term still going to be a profitable trade? >> i think there's a lot of different aspects you have to look at from an investor

standpoint. the reo to rental is one piece of it. we think there's opportunities there for investors. but in addition, you have to look at the overall mortgage market and the need for private capital to come back in to the housing markets to support the overall market. that's a real key point in our publication that you have to look holistically at the pieces, not just the individual parts. >> as you look at all of those different pieces put together, do you firmly believe that the housing market is putting in a bottom and if so how long do you think before we see some sort of ripple effect through the rest of the economy? >> right. we think it's actually more complicated story. very strong regional differences, some markets clearly we're seeing bottom, seeing investors come in. we are seeing people pick up, snap up properties. in some places even prices rising a little bit. but there are still a number of markets where there's quite a

bit of overhang, we are seeing these foreclosures come through. there's more to come. probably some declines. so you can't just look at the whole country and give one number. and really tell the whole story. you have to look a little bit more on the regional. even city by city in some cases. >> you deal a lot with regulati regulation, as well. with the testimony of jamie dimon on the hill this week, regulation once again is front and center. do you think what's unfolded on capitol hill and discussed right now will have a meaningful change to some of the regulation that is out there, that's pending out there or not? >> i think there's a lot that's going to happen, more likely post-election than preelection. as you know, the treasury and hud put out a report earlier this year in terms of housing or actually last year already and there's been no real activity since, so i think until the election results are in, and people can really focus on

what's the future of the gses, fannie and freddie and the things really are year off. >> thank you very much. nice to see you. >> thanks a lot. >> ty, over to you. >> thank you, sue. big headlines, walt disney stock hitting an all-time high today. shares trading right now, well, 47.11, up 88 krentd cents on t reports. weekly jobless claims, adjusted. nokia's going to cut 10,000 jobs, 19% of the workforce by the end of next year. shares of the cell phone maker diving more than 15%. and u.s. stocks, though, up across the board. why? we're going to talk to a floor trade tore get his take on that right after the break. of. why let erectile dysfunction get in your way? talk to your doctor about viagra.

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coming coming up, we are going big on the euro crisis with the five main events affecting your money right now and we asked two top investment managers how to euro proof your portfolio. talk about hopium on the street. we'll talk to the analyst with the highest target of the s&p 500. why he thinks we can get to 1600 by the end of the year. opec members meet and crude almost trading at a 70 handle and drivers loving prices at the pump. will that trend can't in to summer? we'll get that. more bacon news just for you. >> more baking news. bacon? i never met a piece of bacon i didn't like, i tell you. yesterday about this time steve liesman and i broke down jamie dimon's testimony on the hill and his remarks of dimon's

testimony and the volcker rule and tim ryan, the ceo, the trade organization that represents some of the companies in the securities business. tim and steve are both with me now. steve, why don't you kick it off here? you made the point that while dimon said i don't know what's in the rule, you said, well, actually he probably kind of does because there is a draft rule out there. >> yeah. i was just concerned that he had gotten away with not -- that the whole process, tyler, was missed. it was a missed opportunity to talk about how the problems that happened at jp morgan affected and prevented by the volcker rule and that was the column i wrote and my good friend tim ryan begged to differ. so i'm going to throw the floor to tim to get his objections to my article on tv here. >> tim, what is your view of what steve said? >> well, first of all, let me thank you all of you especially steve for the opportunity to talk about this. and i thought his article which

was well drafted as usual hit some key points but the point that he missed is that the industry and obviously jp morgan is a key member of this industry group have been very clear as to what we think should be happening with the volcker rule. and let me just hit two or three points. number one, you all know we don't really like the volcker rule but it's now the law so it has to be implemented in a fair and reasonable manner. the regulation that is -- has been proposed is very prescriptive. it basically says that activity is prop trading and therefore prohibited unless you meet certain tests so very, very prescriptive in its design. it's been roundly criticized not only by industry participants but by governments, central banks, academics. no one really likes it. it's no surprise that jamie

yesterday basically said probably ten or 12 occasions that it's very difficult to see how they will implement the volcker rule in a practical manner. >> let me interrupt you, mr. ryan. one of the issues at question yesterday was whether the volcker rule as currently constituted or in draft would have prohibited the trade that went so wrong for jp morgan. do you think it would have or not? >> well, as i said in my response to steve, i think it would have increased the scrutiny within the firm and probably would have highlighted issues earlier. but our point is that can be done in a smart way which will allow the market to work so market makers do their job and for the banks to properly hedge their portfolios. you can do it a smart way or you can do it a way in which they have now proposed it in the regulation which really doesn't work. >> steve, a quick thought? >> you know, i don't have much

disagreement with that. the big issue i brought up in regards to the volcker rule is compliance procedures. monitoring that would have been required and makes me think there's an argument that portion of the volcker rule would have ultimately stopped jp morgan who jamie dimon said we didn't monitor this and vet it as well as we shower and that's a plus to me for the volcker rule and i don't take issue with tim's ideas because as i read that document, tim, the idea of a trader going through and figuring out how to follow it does seem nearly impossible. >> gentlemen, we have the leave it there. tim, we always welcome your thoughts and we're delighted to have this kind of dialogue on our air any time. appreciate it very much. >> okay. >> cnbc.com, tyler, read both sides. >> yeah. get both sides of it. meanwhile, brian shactman is hiding there behind the screen. >> i'm looking at my stock charts. and nobody told me they were coming to me. take a look at zillow and should

value my home more than it does, by the way. up 7% on an upgrade and take a look at a volatile stock. one month down 21% and look at year to date enit's up 46% and it's a dangerous stock and today it's doing quite well on an upgrade at pacific crest securities. ty, back to you. >> thanks very much. what's fueling today's rally? we have a trader with meridian equity partners. welcome. good to have you with us. >> good to be here. >> why's the market up right now about 1%? what is it right now, 1%? >> well, you know, there's many reasons. >> the dow, that is. >> i'm looking at the s&p but same ball game. the number one reason what i see is that yesterday's ppi and today's cpi were both deflatio deflationary, more than accepted. this might look at the voters for an easing process and justifies what they may have to

do next week in that debate. >> the reason the ppi is down is because oil prices are down and notoriously volatile. >> yeah. but they've been volatile and the geopolitical tension with iran seems to be passing. i think that people buy food and oil and all this stuff, it's part of the ball game. i don't like separating the numbers and these numbers, even if you look at the plus .2%, it is not a danger of real inflation. >> is this a -- we have to leave it there but is this a rally to continue in to next week? >> i think the market is tested at 1326 and getting pass that. >> thank you very much. all right. sue, back to you. >> thanks, ty. when we continue, facebook's chief mark zuckerburg reportedly near new york's city office. why? we'll talk about that. tiger woods playing right now. can he make a comeback? check out the leaderboard. we're back in two minutes' time.

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it is time for a ladies' edition of today's rundown. good to see you, ladies. >> thank you, sue. >> ty's jealous. he sent me a note. we'll talk about british prime minister cameron. he spent hours being grilled. but with europe in financial flames and london facing recession is this just a big waste of time and or money? kayla, this is your story since the beginning. what do you think? >> cameron set up an inquiry. only natural to serve time on it, as well. it is going on for eight months. the fact he appeared once, not a waste of time. >> cindy? >> i wouldn't say it's a waste of time and something parliament feels they have to do something like this. it's sort of, you know, good foot forward. you know? i have to say for me it's good theater. well, you know, she said that because i wasn't at the supper. i mean, it's just good theater.

>> good. what do you think it leads to? >> i don't know. i think that the fact that rebecca brooks is facing potentially criminal charges and part of the reason why is the cozy relationship with cameron, he has explaining to do, too. we have agencies look into it. a conclusive report. there's more to come here. >> all right. let's move on "the new york post." page six report that mark zuckerberg seen having dinner feet away from google's headquarters. coincidence or not? cindy? >> it could have been any number in of things. the fact that he's hiring developers right now in new york. the fact that they announced a joint advertising thing with them to target bad ads. but if you want my opinion, this is my dream lunch, right? one of them goes, hey look, we suck at advertising. you suck at social networking.

another round of drinks, please. >> right. >> they could have a little bit to learn from each other. >> kayla? >> we don't know who he was with. i live in that neighborhood. i'll say. there's a lot around there. could be with the newfound wealth. models and bottles. a lot to do over there. there's no google conclusions. >> newly-married. i'm sure it was just a taco. >> i'm sure he was. >> i would like to say, for what it's worth, the facts, the show "whatnot to wear" is in new york. dude, the hoodie. >> maybe so. you never know. maybe it's going bye-bye. neither facebook or google commented and finally, golf's toughest test, u.s. open is under way in san francisco. given the long his rf of upsets, could it be tiger's chance to reclaim victory? i don't know whether mentally he has the head back in the game enough to do that. what do you think, cindy? >> i think it's a little bit of coincidence having that -- he

went through so many life changes whether it was getting married, being engaged, getting married, having a kid and do well through that and not until things went bad that the playing went bad, i'm not sure if -- i'm not sure he was that bad or just kind of trying to be a little demure about it. i think that -- what you're seeing now with him playing and everyone saying it looks like he could be making a comeback. >> kayla? >> it's a tough course and day one and doing not terribly and keeping the balls out of the woods. i probably could have found a better way to say that but, you know, he hasn't had a birdie yet and not seen any birdie so, who knows? the other players are performing worse than he is and he could be in for a surprise. >> ladies, thank you so much. a pleasure. all right. if you want more on tiger woods, no problem. we have it. brian shactman is cracking up over there. >> i love the golf talk over there. great job. >> watch cnbc sportsbiz tonight

at 7:00 p.m. eastern time. ty? >> i go away and look what happens there. all right. coming up, the bacon sundae. we take you to the streets for a taste test.

welcome back to "power lunch." sorry. i stole it from you. >> that's okay. go right ahead. >> after left out of the golf talk, i needed to say something. there's so much conversation with stock analysts about companies with or without european exposure, right? cfo of united technology says we generate $50 million to $60 million from greece and spain and transparency on the table. people want the know how exposed the companies are to europe. >> that's interesting. we'll see if they continue to perform that way, given who's going on in greece. you talked earlier, jim, iurio about the exporters saying we generate money from there. the stock obviously from the chart is on a downward trajectory and today on the upside. would you buy it? >> i would not. that's interesting. i think it's in th