pea body energy. call buying. >> stephanie? >> international paper getting price increases and i like the yield. >> that does it for us. more fast tonight at 5:00 p.m. follow me on twitter. watch "power lunch" which starts now. hello, everyone. i'm sue herrera at the nyse. welcome to "power lunch." >> welcome back to you, sue. i'm tyler matteson. we'll watch oil. after a deadly incident in the persian gulf this morning, oil was already on the rise and more american forces are ordered to the region. that's where it all happened about an hour and a half ago we started to get wire flashes from dubai. officials now say that a u.s. navy ship opened fire on a boat killing one and injuring three. the shooting happened ten miles offshore a. spokesperson said

the boat was approaching a u.s. supply ship in a threatening man enand ignored repeated warnings. that vessel opened fire with its 50-caliber guns striking it several times. now, while the area is near iran's maritime borders or boundaries there's no evidence they had ties to iran. the u.s. navy's 5th fleet is based in bahrain and is investigating when's going on there. this came as the pentagon announced that it is sending an aircraft carrier "the uss stennis" to the gulf four months early. nbc news reports that the "stennis" is used to support combat air operations in the skies above afghanistan. but it's more evidence of a build-up in the gulf and the more ships that are in that tight space the more likely it is that something will happen on purpose or by accident.

let's get to sharon epperson for more on the reaction to this incident in the pits. sharon? >> reporter: these reports certainly may have been suppo supportive of oil prices. of course, there's more geopolitical risk premium in this market. it is on the front burner, particularly after we had the increased sanctions against iran and announced by the u.s. last week and of course also, as iran continues to make threats of closing the straits of hormuz and we have seen the weaker dollar having an impact on oil prices as the dollar has weakened and we have the expiration of the august brent crude contract and can add to the volatility and upside momentum and september contract the more active contract for brent but keep in mind there's another factor here that may have a big development for the future of oil prices and that is a new pipeline that is developed by the uae to bypass the strait of hormuz with 1.5 million

barrels of a day. it started today. trafficking today and some traders say could take some of the upside pressure off of crude oil and sue keep the $87 mark in the eye. traders saying that's a key technical level. supportive of crude oil above there. >> we'll keep that in mind very much. thank you. another big story that the market is reacting to right now is china. the chinese market is now at its lowest point since march of 2009. bob pisani joins me for more. people thought that perhaps it was a bottoming point in the market. >> for the last two years, the chinese stock market among the worst in the world. spain is a little bit worse than that, maybe italy. >> they have the european credit crisis. >> there's a problem right now. the chinese economy is not moving forward as much as the chinese officials want them to

do. second quarter gdp, 7.6%. a disappointment. keep that eye on that. >> bob, thank you very much. there are a couple of ways to play china. through etfs, one of your favorite to play the market. one is the ffi, it is down 20% in a year and ewh down 9% in a year. ty? sue, thanks. slowing growth overseas and word of a slowdown in consumer spending here in the u.s., that has some economists rattled and that's not a pretty sightseeing them rattled. steve liesman is here. a troubling string of economic data with that retail sales number. >> it is the one that has people's attention. and i want to show you some of the details inside the report that really has people concerned. tyler, down for three months in a row. that's really the big story there. and in the june data, 9 of 13 of the major categories all fell. take a look at where they were. gasoline, obviously, we expected

that. that's down big. but also, discretionary things, sporting goods, furniture, electronics, the core number to gdp down 0.1% with the expectation was that it would rise, tyler. >> a couple of other numbers. news out of europe today. a national association of business economists survey and an imf warning on europe. trickling through somehow. >> yeah. so the retail sales data is not isolated. it is out there. with the imf downgrading the world outlook but that's because essentially q1 came in better. q2 is the problem and the big declines not so much in the advance markets but there are some there but the emerging markets, brazil, india, to a lesser extent china with 8% growth this year expected. we're cutting because of retail sales and other data, cutting back on the q2 forecast and two thirds of companies in the survey expect sales hurt by the european financial crisis and the u.s. fiscal cliff, 8% plan

to hire down from 26% in april. >> thank you very much. sue? well, an already weary consumer might have another reason to think twice before shopping. more and more states moving to new sales tax of purchases made online. you can blame it on struggling state budgets. many republican governors s opposed to the taxes are giving in. courtney, a lot of people thought it was inevitable. how much do you think this is going to impact dot-com shopping sites? >> exactly. i know that everyone looks to amazon really as the number one online retailer we think will impact and most folks think it will impact amazon sales. at least somewhat. right now, the average study says the prices about 12% lower than even walmart or walmart.com. if you add in 8% sales tax, those prices are still 4% lower but remember you're going to have to wait for that package to be shipped.

and again, only 4% does somewhat decrease that incentive. how much it will hurt, that remains to be seen. sue? >> courtney, thanks very much. now to stacy woodlitz. you know, stacy, a lot of big stores, you know, brick and mortar stores complaining about the lack of taxes so for online shopping sites. does this actually level the playing field for them or not? >> it does. this was a matter of time. you have had everybody complaining of best buy to walmart because of the price spread. but really, what this does is levels the playing field here. states need to raise taxes. we know that. they have budget deficits. and certainly, the retailers out there really need to level the pricing playing field but the big deal here is that i think amazon is somewhat giving in and coming the table and paying taxes in states because this gives them the ability to build more distribution centers and be able to ship even potentially on a same day basis. so that's a big deal for them,

too. it's compromise. >> does it make you change your opinion, though, on an investment standpoint on some of the brick and mortar stores or on an amazon? >> it doesn't. as courtney just pointed out, even if you wipe away the tax advantage, amazon typically still does have that price spread and on top of that talking about shipping becoming quicker as they build more distribution centers and looking at the execution, for example, consumer electronics is a big space for amazon. best buy blew it last year. it's a bad execution, about getting the customer the product last minute in christmas and amazon can do that more so. >> thanks. >> thanks, sue. all right. how do you play the retailers right now? danny hughes has some ideas for us. dani, what would you buy or stay away from? >> i think this is not going to have a dramatic affect on online

retail retailers. net-net this is a positive for all. we are going to get more taxes revenue where we need it the most, in the states. we might be helping the small business owner, as well, because you won't have that big price discrepancy you have now between online and brick and mortar. you are bringing pricing in line with brick and mortar and effectively helps the smaller guy participate. but really, if you are more interested in sitting at home and shopping at 2:00 in the morning and that's how you best do your shopping, then that's what you're going to do and i think collectively we have moved to online shopping as a nation and a world and that -- we'll continue the see that. so i think that it's not going to have a big effect on the pricing of these stocks at all, sue. >> all right. dani, thank you very much. how about you? if states do start collecting sales taxes on internet purchase, would you shop in the

stores rather than online? you can vote on that. to finance.yahoo.com. the results coming up. i think once you go to the online sites, you are hooked. >> you're pretty much hooked there. i agree with you completely, sue. i think they'll ultimately start collecting tax on most online sales. it's too big of a honey pot or money pot. it's earnings season. seema mody is covering johnson & johnson. kayla tausche on the report of citigroup. >> we are two hours off the call and they beat the street. revenue meeting estimates at $18.8 billion. investors were bracing. the bank cut costs of a year earlier and the cfo said head count reductions will continue. citi put away less for loan loss reserves and customers paying

back the loans on time. the bank is investigated for the role for setting libor but management tried to hint that the same penalty of barclays won't befall every bank. now, the stock is coming off highs on overall bearishness on europe. qt is worse than q1. though the bank is able to take some market share in that place and citi is the third largest u.s. bank by assets and in the bad banks, a percent thanlg that consistently shrinks but the businesses left there are severely troubled. they say despite the difficulties of the businesses they're still aiming to wind down or sell at least all of them. >> all right. now tomorrow and goldman sachs among the financials that report this week. we heard about citi. >> goldman coming up. analysts forecasting a 39% drop in the earnings.

eurozone woes, keeping a cap on the earnings. this is what analysts are expecting. earnings dropped to $1.13 a share. revenue forecast to fall 14% from last year's second quarter to $6.28 billion. the third big u.s. bank to report the results, they said that the fact of jpmorgan revenue and profits fell less than expected 7% bodes well for goldman. other things to watch this quarter. an analyst saying a loss on the books will be smaller than earlier or than what she expected earlier in the quarter. also, the comp ratio or money set aside for compensation and benefits, analysts say it holding at 44% and investors listening for additional news of expense cuts and whether the bank is ready to take on more risk or if it's still remaining

cautious. a key point. >> if any of the financials need a band-aid, we know where to look, johnson & johnson. >> exactly. they're reporting tomorrow. the street looking far 1% increase in sales to $16.7 billion driven by blockbusters drugs and given j & j's the report is an important one for the quarter provides a preview of what we could potentially expect of some of the peers. with the new ceoo april, they want to hear from alex gorsky for the firm going forward including recalled prk eed prodk on the future and future m and a plans. they closed out the largest closeout of device makers. another topic of discussion is the perspective on how the ruling of health care reform will impact j & j's bottom line.

>> thank you very much. appreciate it. let's go to brian shactman now. >> tpg capital made $1.85 billion offer and there's movement in other stocks in that space. smaller cap generic. look at two in particular. impacts labs and hi-tech pharmacal. up 9.5%. back to you. >> thank you. is venture capital makes a comeback and what's it mean for everyone? is it a scare coampaign? this e-mail went out recently saying we can win a race in which the other side spends more than we do but not this much more. more on that when we return. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt.

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despite the slowing economy, venture capitalists are finding some room to run. the latest numbers from cb insights shows u.s. vc firms put more than $8 billion in to deals in the second quarter. single largest quarter in more than a decade. a lot of that money of early-seed education. education, technology and enterprise were the top categories according to that study. ty. sue, president obama's campaign may sound desperate to some on the e-mail list these days. here's two recent quotes. we can win a race in which the other side spends more than we

do, but not this much more. another topic line, this is potentially devastating. the e-mail reads, getting outraised is getting outspent. that translates in to a potentially devastating sweep of negative, misleading messaging that's going to flood the air waves in swing states. and then the article in the sunday "the new york times" about how top obama fund-raiser was taken a backseat this time after a huge leader in 2008. john harwood, fill us in here. is the obama camp as desperate as some of the e-mails make it sound? >> reporter: no. but they're outspent and they're concerned of it. hyp hyp hyperbole is a tactic. they're trying to scare the donors in to pulling out the checkbooks or credit cards and writing a check. mitt romney, the republican national committee and their combined forces have, in fact,

significantly outraised obama in may and june. now, that doesn't mean that obama's not going to have enough money to get the message out and had more in the bank starting earlier and able to spend significantly there but the fact that in swing states relatively small battlefield for this campaign money could make a difference and why they're hustling. they also have a problem that the "time" story alluded to is high-income backers turned off for various reasons. there are a lot of people on wall street going to romney enthusiastically. >> the hyatt hotels fortune is just one of the bundlers and it does go deeper than that. some of the support that mr. obama had from wall street in 2008 has melted away in part because i think wall street feels that he's not been friendly to business and

specifically demonized wall street. fair point? >> reporter: absolutely. that's why a lot of people who -- remember, obama got a ton of wall street support in 2008. he was a fresh face. they wanted change from the bush administration. some of those people were motivated by issues other than business regulation and that sort of thing but now that obama has come in to office, and some of those people who may be more liberal on social issues and conservative about regulation and about taxes especially their taxes have taken a different view and that's why romney is doing so well so one leg of the democrats' fund raising stool, wall street has been substantial weakened and relies on hollywood, the democrats have gotten money from. the gay community with the embrace of gay marriage of the president lately. so again, they're concerned about the -- being outgained or outpaced by romney in fund raising over the last couple of months but they're not as desperate as those solicitations make it sound. >> thanks very much.

talking about this more and also the attacks on romney and the record at bane capital. that's for another day. sue? >> indeed it is. next, we're analyzing the analysts and on the list today, a anadarka, 3m and panera bread. anadarka on the upside. here's movers to the down side. ge down followed by home depot, jpmorgan chase getting hit hard once again down better than 3% on the trading session and cat down 1.3%. back in a minute. according to ford, the works fuel saver package could literally pay for itself. jim twitchel is this true? yes it's true. how is this possible? proper tire inflation, by using proper grades of oil, your car runs more efficiently, saves gas. you could be doing this right now? yes i could, mike. i'm slowing you down? yes you are. my bad. the works fuel saver package. just $29.95 or less after rebate. only at your ford dealer.

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welcome welcome back. brian shactman here at the markets desk. take a look at sotheby's. not getting a bid at all. two downgrades today. basically saying an investment in it is dead money. much of the reason is because of clients in europe and china and concerns of them, tyler. back to you. analyze this, the segment to analyze the analyst and put the calls to the test. dani hughes of divine capital is here with me for the week. anadarka, now in talks far settlement with the paint materials company over a $25 billion environmental liabilities dispute.

credit suisse noting, we believe the 35% discount to intrinsic value should narrow. all right. what do you think? >> it's big if. i think, you know, long term, i think it's a possibility that the stock could go up about 37% from where it is today. but over the short term, i don't think so. this is a 12-month target here. it's a big hurdle to get over. through the settlement, a good thing and they have risk and say in the report to about $2.75 billion. >> you have a qualified view of this? >> right. >> sort of a maybe. >> maybe. >> let's move on. morgan stanley upgrading 3m noting with above risk-reward more bearish the macro framework whatever that means. plus look at the stock year to date. shall we? there it is. there it is. it is year to date up 8%.

agree, disagree? >> i would agree. i had to read it three times. >> to figure out what they were saying. >> low-growth environment, that is company you start to see the rise in before anything else and intel. but we agree. probably a great name and the company is saying that over the short term they're seeing on their horizon that things are looking pretty good because of some sales in some of their -- >> panera bread. our assessment of risk based on the management departures and transitions, downgrading it. >> agree. agree there. the consumer is freaked out in a lot of different areas and one of them assuredly is panera. >> sort of a -- >> continue to see that. we have a fiscal cliff. the elections coming up. i don't think the consumer loosens the pocketbook any time soon. >> thanks very much. metals market about to close. we'll hit the floor at the nymex coming up. a new reason for this guy to

laugh it up all the way to the mortgage broker's office. we'll be right back. there is mr. zuckerberg trying to get out of a parking space and thinks it's funny. ch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch.

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gold prices are closing right now. gold has a little bit of a bid under it but the rest of the metals complex is under pressure. sharon epperson joins us once again. hi, sharon. >> hi, sue. gold prices going to close here basically flat on the session right around $1,590 an ounce. the prices pared the loss. down the third month in a row and as the dollar weakened we saw that helped gold a little bit. look at compared with the other metals as well as other prices in light of the weaker dollar, that is contributing to, of course, some of the bid in the gold market and the fact that we are seeing some, of course, upside in oil, as well. but really the metals market subdued here waiting to see what the fed chairman is going to say in a speech tomorrow. that really is what traders are waiting for. waiting to hear about any type of signal of monetary easing and moving the metals market.

back to you. >> probably moving the stock market, as well. let's get to the action here. bob joins me once again and you are pointing to the same things we have talked about. industrials are weak. china demand is weak. some of the stats 0 of that country are not good. >> the premier said the recovery is not as good as they want right now and maybe additional stimulus measures. they have always cut rates but maybe infrastructure spending big. look at the big names. ges, caterpillars of the world on the weak side selling a lot in to asia. cole stocks, recession, depression, whatever you want to coal it, ever end? down again today. bmo with negative comments on a couple of these stocks this morning. sue, dividend payers are really big. two big dividend paying sectors, real estate investment trust, a basket of companies with real

estate and utilities hit a four-year high on friday so when you get the 10-year 1.44% -- >> where do you go? >> forcing everybody in to the dividend payers. >> what do they want to hear from mr. bernanke tomorrow in anything at all? >> testimony same both days. giving a hint on qe3, this is it. they have to do it now. this is do or die now for the qe3 crowd to trade on that. i personally despise that trade but i'm a growth guy. >> all right. let geese to the nasdaq where courtney is keeping track on the movers and shakers there. hi, court. >> hi, good afternoon. the nasdaq composite not faring well. let's start with research in motion. shares below $7 here. this is lows since 2003. the company having to pay $147 million in patent infringement. that decision did come out on

friday and shares under pressure today. social network under $30 a share. facebook down more than 4%. some analysts think the pressure of the other social media names are weighing on facebook today. take a look at of human gnome science. shares up 4.6% and just below the mark and shares of dendreon up about 8% in sympathy and look at shares of vivus. tomorrow the weight loss drug deciding whether to get approval. shares up 6.5%. sue, back to you. >> courtney, thank you very much. a market flash with brian shactman on the case. >> continuing with nasdaq pharma. gilead sciences. 50,000 people in the u.s. coming down with hiv and there's a prevention drug from gilead.

up 2% and the highs of the day. back to you. >> thank you. the bond market's going to be watching the testimony of mr. bernanke closely. rick santelli is tracking the action for us at the cme. hi, ricky. >> hi. there's records being made in fixed income markets around the world you've been talking it up the 10-year. what about the 5-year? same thing. look at the 20-year chart of the 5-year and you can see in the upper 50s. we are going to be establishing more closing yield records on the low side but think about overseas and the european central bank not paying on excessive deposits at the central bank and the implications of the u.s. doing the same. look at the u.s. two-year. it's fallen dramatically. granted, the same area of the beginning of the year but it's drop and it matches other countries. look at france. under 10 basis points. if we have the chart, not sure,

denmark. minus 31 basis points just zooming straight down. and of course, switzerland. on this one-month chart you won't find a positive yield. they're negative yields since last summer and they're approaching minus 40 basis points. this is really going from kind of the ridiculous to the sublime and with the stories, leftover mf, what's going on with mr. geithner, we have a standing invi nation, whether it's the head of the cftc gary gensler or the secretary treasurer we have the topics picked out. join us. back to you. >> thank you very much, rick. members of the british parliament doing grilling with the libor rigging scandal. on the hot seat today, barclays

former chief operationing officer. kelly? >> tyler, hi, yeah. an uncomfortable jerry said he instructed the head of the desk to low lore the submissions and that it's flagged to compliance and raising fresh questions about risk management at barclays. jerry dell missier said he understood the instruction to come down from the bank of england and the focus to whether banks colluded to lower interest rates because the bba's definition leaves room with individual bank submissions but if there's evidence that banks were acting together in order to suppress or move interest rates that could leave them much more open to criminal charges, the likes of which we have seen perhaps indications of interest coming from authorities in the u.s. tyler? >> all right. thank you very much. unfolding and complicated story there. earnings tomorrow of coca-cola, mattel, intel and

yahoo!. how should you play them ahead of the numbers? dani hughes, what should i do? >> cola cola, year over year growth for a couple of years is double digit. we don't expect to see that type of growth this year but beat the street. intel, as well. they beat a couple of cents every quarter. and again, they're guys to see tiny growth happening in the united states an i bet you'll see that today, too. >> all about the guidance. thanks very much. down to you, sue. headline time, ty. nokia lowering the price of the smartphone lum that 900. all the way down from $99. glaxosmithkline ending a three-month courtship. the deal about $14.25 a share. up from the previous offer of $13 a share. and analysts believe a

weekly government report due out in 90 minutes on u.s. crops is likely to show further drop in terms of corn and soybean yields due to the big drought that's been enveloping the midwest. time for another market flash. brian shactman rejoins us. >> shares of mead johnson. the stock went down after the china university said that the baby supplements maybe toxic. that wasn't right. this week we have two earnings estimates lowered there because of china. not related to the news last week. one was a downgrade of the stock down more than 6.5%. again, as we look at slowdown issues, this one has to do with china again. back to you. >> indeed. brian, thakt. perhaps you remember this video of last week. mark zuckerburg having a great time out in sun valley. well, now, we have something else for the boy wonder to laugh about. wait until you hear about his new real estate deal. and a new reason to be wary

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because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. if states start collecting sales taxes on internet purchases, would that encourage you to shop in stores rather than online? 29% said yes. 50% of you said, no. you're hooked online. 21% said, well, they'll consider it going back to the stores for more. now let's see what's coming up at the top of the hour on "street signs." mandy? >> hi there, ty. coming up, the dark side of our how low can they go mortgage rates? is today's gain tomorrow's pain for the housing market? herb with a new name for the

worst ceos list. and just who's got the final word with quoting campaign staffers? lots of things coming up. great show planned for you. top of the hour. back to you on "power lunch." >> thanks, mandy. you know, fuel efficiency and good gas mileage are key components for anyone shopping for a car today but can you trust the numbers on the stickers? phil lebeau is live in chicago. hi, phil. >> reporter: hi, sue. i think we'll see these lawsuits in the future. the latest of hyundai. a group is suing hyundai over the claims of the alantra ads of misrepresenting that the vehicle gets 40 miles per gallon. hyundai says the suit is without merit and its response to us we have reviewed our ads and think consumer watchdog and their client are dead wrong.

as you take a look at shares of hyundai, weemd that we'll hear more and more of this. remember, just this spring, honda had the same issue with the civic hybrid. an own dler in southern california sued over mileage claims. honda initially lost in small claims court and won the appeal in march honda settled a suit with 460,000 civic hybrid owners and those, the end result is that those owners get between $100 and $200 and up to $1,500 for another honda vehicle. the bottom line, seen a case recently about gm being sued over mileage claims. tyler, seeing more and more of this with the 40, 50 mile per gallon range. >> thank you very much. phil he bro reporting. we are closer to the looming fiscal cliff. has wealthy americans with expensive homes trying to beat the clock and sell them before year end to avoid what could be higher capital ganls taxes?

our man that knows most about money, robert frank is here. robert, tell me about this story. >> there are growing fears among the wealthy of luxury real estate headed to a fiscal cliff. i call it the mansion cliff. brokers say they're getting a flood of calls for clients to sell the homes really quickly in case taxes go up next year. here's the math. if the bush tax cuts expire, cap gains go from 15% to 20%. health care reform would add another 3.8% to these home sales. that may not sound like much but let's take a look at this house in miami that's sold for $38 million. the cap gains built for this is $4 million sold today f. the seller waited until next year and taxes go up, that tax bill would be $6 million. so by selling now, he's saved $2 million in taxes. you could buy a whole other mansion for that. the reason to care is inventories could rise and prices could fall in the high end real estate market.

that could trickle down to the broader housing market. now, this happened in 2010. we had a similar tax fear. we saw a big jump in inventory. and decline in prices and that's what people worry about could happen again. again, plenty of the rich still buying homes as investments, especially the foreign buyers, but the mansion cliff could be a big overhang this summer on the broader housing market. tyler? >> thank you very much. $38 million on the house, is that what he paid for it? >> that's what he paid for it. so the 28 we are calculating a $28 million capital gain. >> based on a $10 million purchase price. thank you very much, robert. video of last week and amusing. mark zuckerburg stuck in that brutal sun valley traffic. behind the hotel's laundry truck. stuck there. photographers having a field day and mark thought it was pretty much funny. he couldn't get out. not all the money, not all the tea in china as they say could

get him out of that pickle. maybe, though, he was laughing because he got a 1%, 30-year mortgage after refinancing the $5.95 million left on his mortgage. that, according to a new report this morning. 1% mortgage, he, robert frank, would be a credit worthy customer there. >> he is an attractive customer for lenders and bankers alike. facebook shares they are back under $30 a share for the first time in quite a few weeks today. sue? i'm just wondering why he even needs the mortgage. >> yeah. i was thinking the same. why not pay it off? >> i mean, really? why does he want a mortgage? who knows? maybe he's putting the money for better purposes elsewhere. i don't know. if i had that much money i wouldn't have a mortgage. >> got that right. power rundown is next and on the docket the apple ceo's payday and from mcsession to man comeback. ponder that.

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welcome back to "power lunch. question brian shactman here. animal health care. that's right. woof is a ticker. it is vca antech. caution on earnings and wanted to read this on tv so i will. they note an unusually warm winter and an early start to the crucial flea and tick season that drew sales forward from the latest quarter but in all seriousness, both stocks down more than 5%, tyler. >> it's amazing how they can use the weather and so many companies use the weather to justify a result, good or in many cases -- >> roaring forward demand. >> bow wow. all right. we'll stick with pets. there was some seriously holy matrimony last week at the pet wedding of the century. they entered the record books as the most expensive dog wedding

in history. the bride barked i do in a $6,000 wedding gown while guests danced among $30,000 worth of flowers, dined on a $10,000 sushi spread and several desserts from the cake boss himself. just in case you think the world has gone to the dogs or that the revolution must be just around the corner, the nuptials went to a good cause with proceeds going to the humane society of new york. puppy love, sue, does happen. >> i guess if there's a silver lining the proceeds go to the humane society or otherwise it would be a huge waste of money. are you ready for the rundown? >> i am, ma'am. >> tyler with us and bob p isano. apple ceo cook $376 million pay

package, full $300 million more than number two, oracle ceo larry ellie son. the package of $76 million. i don't think anybody's crying for larry ellie son. do you, bob? >> every year we drag this out and a rich versus poor story or who's on top. the fact is the guy got $900,000 tim cook. that's the salary. a bonus and the rest in restricted stock over ten years. nobody's crying for the guy. by the way, made $52 million in restricted stock the year before in 2010. i did check that. >> you could argue, could you not, ty, shareholder in apple, perhaps all of that is due mr. cook. >> i'm happy to share the proceeds as an owner of apple if i'm lucky enough to own the shares with mr. cook based on the performance of the company which is nothing short of spectacular. where i part company is with people who get large stock grant wls the stock doesn't perform

and the company doesn't perform. >> right. i think you have a lot of company on that one. next, a new report finds men landed 80% of the 2.6 million new jobs created since the end of the recession. good news or bad news, bob? >> well, sounds like -- >> mixed bag. >> sounds like rosy the riveter in reverse almost. >> a lot of that was in manufacturing. >> yeah. doesn't sound like much of anything to me and what was more disturbing is men are taking more jobs even traditionally associated with women like retail sales and they traditionally have lower benefit levels, as well. that's disturbing. seeing everybody's pay coming down now i'm more concerned. >> ty? >> that's what we have to worry about. it's not even close to full employment, certainly. even the people with jobs in many cases are underemployed. wokking below the credentials or taking part time jobs or paying

a lower salary to be employed. this is an economy in a deep and profound transition and one this we're going to end up sort of picking over for maybe even decades. >> but i think the trend bears watching because if we are seeing that kind of a shift in the job market that's important going forward as more new jobs hopefully are created. >> finally, on a very interesting note, organizers pulled the plug on bruce springsteen and paul mccartney this weekend after they defied london's very strict sound curfew. the real crime was, though, apparently in the middle of "twist and shout" when the mikes were yanked. you know? personally i know that they have a strict curfew. i understand and they have to follow the rules but there's been so much austerity and people were having a good time. i don't know. i just -- i think maybe they could have bent the rules and say thank you to the crowd and then go off.

>> worse than that, i think it is the first time that springsteen ever played with paul mccartney and a historic moment. >> if not the first it was one of the first. >> didn't the queen go over the 10:30 or 11:00 curfew and yank the cord on tom jones doing one of his songs. >> "what's new pussycat?" that's scary i knew the song and you did not. tyler? >> a few extra minutes doesn't hurt anybody. the beauty rest of the rich people on hyde park isn't that disturbed from an american icon and a british icon sir paul mccartney. i wish pippa or kate was there to let it go on. >> oh, absolutely. that would have been perfect. would have been all over the tabloids. all right. thanks, guys. coming up as we continue a ripped from the headlines story about american excess. complete with a monster mansion and a billionaire couple.

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welcome welcome back. brian shactman here. look at a chart of imax. skyrocketing to the upside.

looks like investors like expansion in malaysia. that's the news moving the stock. sue, back to you. >> thank you very much, brian. let's get you up to date. the dow jones industrials, it's kind of treading water right now. because if indeed ben bernanke makes hints of qe3 it would probably be tomorrow in testimony. he's trying to be political neutral. we're down 38. s&p 500 down just under 2 points. nasdaq is down 5 points on the session and the russell 2000 down just under 3. ty? dani hughes, a lot of earnings this week. what are you watching? >> for guidance. we want the hear what the companies say. over four months, 100 companies guided downwards and we don't want to see it continue. >> don't watch what they did but watch what they say about the future what's coming next. we