stephanie link as we do final trades. >> lamb research, long. >> tyson. >> doc? >> ak steel. just raised the prices. >> joe? >> net suite. >> all right. that does it for us. follow me on twitter. "power lunch" starts right now. lace 'em up! "halftime" is over. the second half of the trading day starts now. thank you very much. best buy's stock is down more than 20% over the past year. but it is up nearly 11% today. as the co-founder and former founder and ceo says he wants another shot and take it private. and the dow is on track to snap that nine straight monday losing streak. look at it there. up 82 points at 13,179. the rest of the markets higher, as well. gold higher and oil, too. and celebration time as the mars lander, there they go. we're waiting for those first pictures from mars to help to

see whether the scientists, once life on the red plan elt. first let's did to sue and the nyse. >> we begin with the stock you know very well. best buy trading higher as you mentioned on a bid to take the company private. the news comes after a punishing year for the electronics retailer, down more than 20% year to date. the last trade today is $19.60 up almost 11% on the session so far. the former founder submitting an offer to the board to buy the shares he doesn't own for between $24 to $26 and then he would take the company private. the offer price values the company at more than $8 billion. best buy issued this news release confirming the offer. the release goes on to say that, quote, the board of directors will review and consider the letter in due course. so for more on this story, joe feldman joins us on the phone and ty, because he's cnbc's

voice on best buy after the documentary "big box fights back." joe, welcome. nice to have you with us. >> thank you for having me. >> tell me what you think of this offer and one thing i found noteworthy in the call and comments is mr. schultz mentioned private equities but didn't name any private equity firms. >> that's correct. he hasn't named names but claimed to have lined up firms and management to come in and help him taking the company private. >> do you think it's a good idea? >> well, i think it's a good idea for investors in the near term. to stay in the chairs to see how it plays out, but yeah, i mean, i think they can execute some things and change over the business and help turn around the business better as a private business without the scrutiny of wall street on them. >> without the pressure. ty, what do you think after this? i mean, it does buy him sometime to turn around the business model but partnering with private equity and can't do

that, he can't pay the debt either. >> absolutely not. it's a question of whether the companies that might be involved in this can make the numbers work. what's also i guess a question, would be a question in my mind would be whether the guy who was until a couple of months ago the chairman of this company, was the founder of the company, was the guy that built the retail model based on the big box is the guy to turn this company around. because most of the analysts that i've spoken to on best buy believe that the main thing they've got to do is shed real estate very fast and change their business model very raddically and one wonders whether the founder who originated one business model is the guy to augment or initiate another. >> what do you think of that, joe? i think tyler's point of real estate is a very important one given the places you find the best buy stores. you know, consumer spending is

down. is it easy for them to shrink the real estate portfolio? >> i think it will be a challenge and i think tyler's spot on with the analysis that, you know, what is it that he sees? he didn't do in the 40 years he was running and founded the company. but, you know, what's the problem with the real estate they have is size of the box is too big for the product. it's not that the stores aren't generating enough cash flow. they generate pretty good cash flow, but because the business has changed so much they have to do something radical to overhaul the store base and maybe as a private company aggressively get out of leases as investors wouldn't want to see as a public company. >> good to have you with us. ty, back to you. >> thank you. another big story, of course, knight capital. shares hit again today after last friday's jump higher. bob pisani spoke with the ceo today and at the nyse. bob? >> thank you. tom joyce kept the business

today. new investors own almost 75% of the company. he launched an internal investigation to determine exactly what happened and why it took so long to shut that errant program down. i asked him if he might implement new rules to limit the damage of this sort. >> i support additional rules if we have the data around which to craft the rules and we will have the data once the investigation is complete. >> now, there are some-wide circuit breakers to hold trading in large price swings. one idea is to look at circuit breakers to slow down or halt trading in unusually large spikes in volume, not just in price and what we saw with the knight trading issue so if knight does 100,000 -- 1,000 trades a second and then suddenly 25,000 trades a second, tyler, the system would pause or halt. one other issue discussed is exactly where mr. joyce's future

lies. he is safe at the time being and the chairman. and there is some discussion that with new investors in, maybe a nonexecutive chairman might be more appropriate. that's one of the things discussed on the street right now. >> all right. bob, stay with us. we'll bring in john carny and jim orio to talk more about what these trading problems at knight may mean for the individual investor. jim, let me begin by asking you, does this kind of glitch hurt you in your business and how much separately does it hurt the confidence of individual investors? >> yes, it definitely hurts the type of trader i am. technical trader. it seems like they take the edge away. they wreck the kind of technical levels. i'm not trying to make an argument for the individual traders because i don't get sympathy. as investors go, without question it shakes trust but the trust is already gone and it's another barrier to pulling that money back in. and pulling that money in is a big deal for the economy and

creating wealth among -- >> attracting individual investors. pulling that money back in. >> exactly. >> how damaging do you think this is for individual investors? >> terrible. it looks like the machines are conquering the men. people joking friday that sky net is self aware and taking over the markets. sky net was the computer system in "terminator" that destroyed the earth. so they're scared do get involved. they don't feel like they're trading against other people but machines and feel like the machines are out of control and gives them another reason to stay out of the market. >> but jim and john, it's pisani here. the volume is light down here for the last two years because people burned badly on the 2008 crisis and real estate debacle and causing people's crisis of confidence. >> but bob, that has to have an expiration date and what these things do is push back that date. we had hoped by two years people start to trickle back in and get their feet wet.

>> absolutely. i think what happens is every time somebody starts to become more confident, you get something like the bungled facebook ipo, you get a glitch, you know, the flash crash and now this. it just takes away people's confidence that the prices they see in the market are real prices and that they can get a fair shake going to invest. >> i think you will see action around this and i think it's around the whole volume concept so we have the circuit breakers that kick in on price action but not on volume and what we saw here. i think you will see action, the industry's going to come together very quickly. exactly for what you were talking about, that confidence. >> i hope so. >> thank you very much. sue? ty, another london-based bank is in trouble for doing business with iran. hbc said sorry and standard charter could lose the new york state charter for doing business with the islamic republic. hi, brian. >> thanks very much. here's the findings about that huge press release that came

down from the new york state department of financial services regarding standard charter bank. over seven years, they hid transactions with iranian-owned banks and corporations to hide nearly 60,000 deals to earn hundreds of millions in fees. according to new york regulators, standard charter officials knew they were breaking the law and also that officials lied to regulators to cover up their activities. now, new york officials reviewed more than 30,000 bank documents and internal e-mails and a shocking i guess expose to come out of the findings and laid out in this release is that apparently the ceo for the americas warned london officials about the iranian business and then one testy exchange by phone, in person or e-mail, not clear which from the press release, a new york branch officer reported that the group executive in london said, quote, you f'g americans, who are you to tell us the rest of the world we're not going to deal with the iranians. wow. the new york department of

financial services reporting these next steps. the bach ordnk ordered to appea before a panel and pay for an independent, on-premises monitor of the department's selection. as previously reported, the group is conducted a review of the historical u.s. sanctions, compliance and discussing that review with u.s. enforcement agencies and regulators. the group cannot predict when the review and these discussions will be completed or what the outcome will be. that is standard charter's response to, tyler, some pretty serious allegations and nasty comments back and forth. >> absolutely. and the revocation of a banking license -- >> oh! >> really putting the big hammer over their head. thank you very much. now to another brian, brian shactman for a quick market flash. >> thank you. too often we ridicule the analyst community for telling us something after the fact. goldman sachs trying to get ahead of the curve on ralph lauren. up about 3% before wednesday's

earnings. goldman sachs said you might want to get in. they point out they're not overexposed in china. take a look at last three months. the stock beat up. maybe there's some real value here after they had a huge run-up in 2011. back to you. >> thank you. now the houses crisis and the mortgage market. diana olick is live in washington with more on that. hi, diana. >> reporter: hey, tyler. the private label mortgages, mortgages not backed by fannie, freddie or the fha passed a threshold. much is thanks to the government which claims just the opposite, it's trying to bring private investors back the mortgages. private mortgage investors held 2.2 trillion in mortgage debt at the peak in 2007 after the share of originations to 27% of the

market. in 2006, fha barely 3%. after millions of loans defaulted and close to no new private investment happened today they make up over 90% of new mortgage originations. there's an estimate of the private market will fall to 750 billion in 2014 and to 500 billion by the beginning of 2017. so, where are the investors? well, many, of course, were burned by subprime and the longer -- no longer trust the ratings agencies. but equally unappealing says the inside mortgage finance are very low yields thanks to low interest rates so the only private player left is redwood trust, largely cornering the jumbo market and getting in to agency backed mortgages. tyler? >> thanks very much. let's turn to jim and ask him how he thinks this through the drop in the private label

mortgages. is there a way for the individual investor to make money here, jim? >> i think there is. but first of all, the migration of loans from the private sector to fannie and freddie isn't a wonderful thing. so i don't love that. and the reason i think people aren't investing in mortgage backs right now is strictly a yield thing. i agree 100% on that. we are completely starved for yield. and if there was something that looked pretty good, i think people would take it. as far as property from the housing market right now, i don't think the lenders are the way to go. most of the lenders are big banks and so you get a bunch of other ingredients in that trade. i do still like some of the home builders. toll brothers, up over 100% in the last year or so, i still kind of like the chart on toll brothers and still looks constructive to me. i would buy it here. now back to you, sue. >> thank you very much, jim.

second market helped investors get the hands on high-flying start-ups before going public including facebook. but now that facebook is public and its ipo was a bust, second market trying to prove it's still relevant. julia boorstin live on the case in l.a. >> reporter: well, sue, second market is surviving post-facebook and the second act may be more about trading a broader range of smaller companies. >> never had more companies engaging with us. they're looking at what's happening in the public market with the way that these stocks are getting pummeled, the way that the management teams are getting destroyed in the press and they're saying, why do i want to be part of that? >> reporter: second market -- he wants it to be the solution for small companies weary of pitfalls. valuations may be lower he says but last quarter trading volume grew 27% and not all thanks to facebook. its last trade was april 3rd. did the facebook trades inflate the valuation?

>> i completely disagree with trying to create, form a correlation of companies that trade on second market and post-ipo performance. >> reporter: second market's most popular company facebook is down over 42% since its i 3o. second market's second most popular company linkedin up nearly 150% since the ipo. don't see the correlation there at least. when's hot on second market, tyler? private community banks and video start-ups like air time and then also video game companies, despite how much zynga is hit. a variety there. find more online at my blog. >> wouldn't miss it. thank you very much. big storm brewing in the gulf. will it hit the oil rigs down there and the business more broadly? the weather channel with our update next. plus, the big celebration as the mars rover hits the red planet. it landed there. details on when we'll see the

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welcome back to "power

lunch." brian shactman here taking a look at shares in monsanto. hitting the highs of the day and a new 52-week high. positive comments on the stock and raising a price target and also seeing strength in terms of the planting seasons in 2013 and 2014. sue, they expect above consensus numbers n s for both years. >> thank you very much. several other major stories in the headlines including the shooting in wisconsin outside a sikh temple yesterday. we have an update on that and much more. >> good to see you, sue. the gunman is identified by authorities as 40-year-old wade michael page. page was a u.s. serviceman. he served in the army from april 1992 through october 1998. now, police, say that page purchased the handgun in the past ten days near his home and searched an apartment believed to be his residence ts morning for clues to what might have

motivated him. the fbi says it hasn't determined the motive for the shooting but authorities say they're treating the attack as a possible domestic terrorism case and also invest xwating potential ties between page and white supremacy groups. ty? ernesto could be a hurricane by tonight. greg? >> i wouldn't be surprised to see it upgraded by the 5:00 advisory tonight. right now, the latest data of hurricane center at 11:00. winds 65 miles per hour. moving west/northwest at just 9 miles per hour. here's the official track from the hurricane center moving the center of circulation toward the west/northwest and potentially on the northern coast of belize by wednesday morning. and then from there, west/northwest, perhaps over land then, and then maybe over the southern gulf of mexico. there's a small chance of

reintensification there and likely a category 1 storm making la landfall in about three days on the northern coast of belize. >> thank you. next 48 hours we should start getting pictures of mars. early this morning curiosity landed on the red planet, it's trying to collect data find out if there was ever life on mars. mission controllers burst in to applause and cheers with the first signals of mars showing the rover had touched down and was communicating properly. can't wait to see those. coming up, we are analyzing the analyzers next. walmart, kraft and chesapeake. also coming up, it is man versus machine these days. what kind of advantage do the big guys have over the small guys? and what should be done about that when it comes to trading equities? that's still ahead. first, five more big monday movers on the day with the stock market up 82 points. ge is up almost a full percent.

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♪ time to analyze this and that. jim iourio. let's start with walmart to buy rating from a hold.

noting the store visits suggest improved basic merchandising is working. stock up about 25% year to date. >> that's the key component. >> upgrading it. >> i think they missed the bet on this a little bit and talking about the fiscal cliff. i think that refrenchment's been priced in to a certain extent. i do not like it. i think they're late to the game on this. >> all right. disagrees there. jeffries upgrading kraft foods. they say the business seems to weather the current economic turmoil better than the peers. people like consumer staples. do you? >> yeah. they have a 2.85% dividend. above that 40 level today and looks like it will, i like it. they have the split coming up and splitting in to two companies. analysts are comfortable with that and people. i like kraft. >> downgrading chesapeake energy today to market perform from outperform. saying it's a story still

chockful of operating and financial risk. the stock down 42% over the year. >> i agree with that. the chart is still telling me that the market thinks they have things to work through with the legal problems. i love nat gas and rather play ung. >> you agree with the call. see you later in the hour. and the monday metals market close is coming up and we have you covered from aluminum to gold and silver and beyond. plus the woman that sells dream apartments in new york city. she'll take us inside one of new york's most difficult buildings to get in to. a place that john lennon used to call home. we'll be right back.

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welcome back. i'm sharon epperson at the nymex. a couple of seconds to go before the close of gold here trading on the floor. just above the $1,615 level. not a lot of action but a lot over the last week or so and action to the downside going forward. morgan stanley lowered the forecast for the third quarter by 11% to $1,615 an ounce saying

the dollar is a headwind for the market and long position s adde in the last week. brian shactman, over to you now for breaking news. >> thank you very much, sharon. looking at shares of aig after the close on friday, we learned the government selling about 163 million shares at $30.50 for about 5 billion$5 bik in to the coffers and we just learned that the government is going to sell another $750 million bringing the total to $5.75 billion. now, when it comes to the long-term look at this aig thing, sue, and i know bob's here, too, talking about the overall investment, remember $182 billion? how big that number that the government invested in aig. after this transaction, it will be down to $24.2 billion. still a long way to go. i think a lot of people out

there never thought we would get this far. >> i think you are right about that, brian. the stock moved up just a tad. it was already up. it's now up just under 3%. let's talk about that with bob. that and the market. significant because it's not been the easiest market to trade in. the easiest market to unload large positions in and the treasury is doing this. >> a big whale out there. 182 billion? and now down to 24 billion? so what? now 80% reduction here. you can say what you want about the wisdom of the government intervening or not. i think it was the right thing to do but sloerly but surely, the u.s. shareholders, taxpayers are being repaid. >> the claim to take them a long time to unwind that. if they ever could and the taxpayer left on the hook but interesting to see the markets reacting very nicely. holding on fine. >> we're sitting right near the highs of the day. $32 and change. again, there are other ones

still that are out there. general motors, for example. still out there. slowly but surely those issues are being resolved and being resolved potentially profitably for the shareholders. >> in a market that's difficult to say the least. economic problems here at home and to say the least in europe, and yet, the market's responding favorably to it. it's silver lining if you will. >> the company's held together. the businesses are viable out there. talk about the markets for a minute. consumer staples leading things. multi. decade highs in some of those famous names of cra s of kraft right now. philip morris, a 52-week high probably. the important thing is while the consumers have been the big move up in the last three months, in the last week or so, we are seeing some of the sectors that have not been as strong. materials and technology and energy doing better and very nice thing to see some of the lagging sectors paying catch up.

the market is broadening out a little. remember, multi-month highs. three-month highs on the dow and s&p. knight trading stocks trading down. consider that there's been a four fold increase essentially in the shares outstanding and look. i don't want to sugar coat this but the stock is -- >> down 23%. >> bottom line is stock's still here. i checked on the preferred security that was trading on friday. >> right. >> trading right now at 87 cents on the dollar. on friday, 79 cents on the dollar so there's what you want to look at. the market believes that thooigt is going to be around here trading up that high. nearly 100 cents on the dollar. >> $400 million infusion of capital over the weekend and you have been doing work on electronic trading and this is a software glitch. >> quite a big one. >> needless to say, people

wonder whether or not the machines are taking over and usher in some sort of a compromise between, you know, what used to be the open outcry system and electronic trading. what are you finding out? >> there's no doubt that machines are doing, for example, more of the trading. but remember. there are humans writing the code to do this trading. they're becoming very good at writing code, not just to trade stocks but trade on economic events, as well. 10:00 a.m. on may 1st and wall street is gearing up for the april ism report, the first read on the economy for that month. >> 54.8. >> reporter: before any human can react, the market moves. what happened in those milliseconds? they're standing by to strip the full report to relevant raw data. that data is sent to clients. client machines then process the information, usingal go rhythms

to trigger their trades. this works with more than just simple economic data. here at trade works in new jersey, they trade instantaneously on all sorts of complicated data like earnings announcements. >> each of the bars here represents a tenth of a second. >> reporter: he runs trade works, a hedge fund and high frequency trading shop and shows us the trade on the 10:00 a.m. april ism. >> we bought low over here, sold relatively higher and bought higher and sold even higher. >> reporter: from the time the information came out to the time you actually made your first trade, how much time elapsed? >> it only took an millisecond. >> reporter: sounds like the computers are taking over? get used to it says the co-founder of one of the earliest high speed trading shops. >> it's an automation of what was traditionally done by humans and this allows us to make trading decisions in sub second

intervals measured in milliseconds and microsecond. >> reporter: computers may not tell the future but they react to the present much faster than humans. >> we know the time that some data is coming out and don't know what's in the data and program compute earls to stand there as if having a catcher's mitt to react to the data release. >> reporter: to trade on the data the moment it appears. >> and note, important thing about this that's amazing is they have data on how these economic points, going back decades. what they're just nerds. they program in the numbers saying historically if it beats by 2%, the market moved this much and then play with the data and trade it based on historic data. they're putting information in to a computer. they have it with all of the different economic data and why you see the jumps up and down. >> you know, it's the timing.

the milliseconds that are really impacting the individual investors, as well. >> that's what you will hear debate about it. you have a tenth of a second to react. now a hundredth and then a tenth of a millionth of a second. when will it end? people are starting to ask right now. >> do you think they come to a compromise or there's restrictions put on that type of trading? >> i think there's going to be a debate of going slow, not stopping the market and what point is a millisecond enough? people can't trade faster than that and volume, as well. should we slow down based upon unusual volume moves? >> that is a heated debate. that will be fantastic and fascinating to watch. thanks, bob. >> okay. to the nasdaq now. bertha coombs is following the movers for us. hi, bertha. >> hi, sue. we have technology among the best performing sectors with more risk appetite and posted better than expected earnings. the company warned earlier this

year about the outlook and now maintained the outlook with a brighter outlook. the shares today leading the nasdaq 100 up 12% and big caps overall seeing buying activity. the apple samsung trial in week two and research in motion, maybe an apple/samsung world they did get a shoutout from the fastest man in the world, usain bolt saying the first thing to talk to his friends on the blackberry messenger. a couple to the downside, both with downgrades and among the worst performers today in the nasdaq 100. sue? >> thank you very much, bertha. to the bond market now and rick santelli is tracking the action for us. hi, ricky. >> hi, sue. trying to digest some of the issues of last week, not the least of which was the jobs report. yields down a couple of basis points but still hovering over 150. and if you're a technician and look at a chart that starts around beginning of july, you'll

see clearly that the pattern according to many of my trading brethren on the floor is looks as though the market wants to test higher yields around 160 to 165 and the same traders think there's a chance of catching 1%. though they see data invoked. european invoked volatility on the interest rates. if you look at a shorter term chart, you can see that it's coming down and also just like the bond chart looks like a pattern that's going to bring it lower but year to date higher. this last chart's interesting. this is the ibex. the spanish stock exchange intraday. notice the line in the mird l of the chart. it was closed for four and a half hours. why? the new york stock exchange, think knight trading, think an upgrade by the bme group three months ago, yes, to increase speed and capacity. how did that work out? tyler, back to you. >> looks like it didn't work out very well at all. thanks, rick, very much. california, of course, the

largest auto market in the u.s. and as the u.s. companies rebound you think that rebound would have taken hold in the golden state. but not so. phil lebeau on the ground in california. hi, phil. >> reporter: hey, tyler. ground zero for the big three to get a bigger share of the business here in california and it's a struggle so far. when you look at show rooms for big three in the california market, fewer than one out of every three cars sold here is a big three model. gm and ford one of the top 20 selling cars and fewer than half of the top selling trucks and suvs. but look at the breakdown for each of the big three brands in the state of california. only one, chrysler, has picked up market share in the last year according to the california new car dealers association and taking a look at shares of gm and ford and struggled primarily because of the issues happening over in europe, chrysler's rebound in the u.s., particularly here in california, is starting to get a little bit of attention. how's chrysler doing it? targeting california buyers with

refurbished show rooms, marketing to california and set up a separate division targeting california itself. and their brand sales here, as a result, up 198% year to date. don't forget, fiat is surging here in the california market. sales have quadrupled in the last year. fiat sales grower faster here than for the brand around the country. ultimately, sue, comes down to new product. they have the dodge dart rolling in to show rooms. if you go in to a chrysler show room last year and ask to see a new car, you would have been saying where is it? not anymore. they believe this is the key to gaining sales here. sue, back to you. >> well, we wish them the best of luck. thanks, phil, very much. straight ahead on "power lunch," the realtor to the rich and famous. a rare inside look at this mantd apartment building. it is the dakota. one of the most exclusive addresses in new york city. before the break, though, five stock that is are leading today's bull charge and they include cognizant up almost 12%

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♪ ♪ welcome back to "power lunch." small and mid-cap companies really leading the charge today. in fact, russell 2000 best performing. take a look at a couple of names doing quite well. you have rackspace and reports tomorrow and standard motor and united fire you can say on fire. the two biggest performers, better than expected earnings and again small and mid-caps leading the way. over to mandy drury with a look of "street signs." hope i didn't take your good sunshine stocks. >> you have not stolen by thunder, thank you very much, brian. we have lots of things coming up. is it the best buy or the worst buy? the founder of best buy wants to take it private and who's next? we'll run through some

struggling big box names. plus, first on cnbc, the ceo of why supermarket banking is over. we hear exclusively from the head of audi usa of the new big luxury push in america. lots coming up. sue, back to you. >> thank you very much. see you at 2:00. we have heard a lot about the security at the games, of course, but today the unique layer of cyber security mshls that you will and you won't see at the games. kelly evans is live in london. hi, kelly. >> reporter: hi, sue. that's right. well, from clocking races to operating the big screens inside the venues, over 2 million pieces of data are hand led per day here. a number of technology companies are supporting this effort from within olympic park. as you can see behind me. but outside the venues, it's a surge in web traffic around the world as fans interact on social

networking sites and more. it also means increased online spending across categories of merchandise, travel and ticket sales, and because cross border transactions have a higher rate of fraud attempts than domestic ones, international event like the olympics is a prime target for cyber crime. in beijing, four years ago, estimated 12 million potential cyber attacks defended each day of the games and this summer that number jumped to 14 million a day. protecting business, though, can mean foregoing legitimate sales. >> the industry decline rate is typically 7%. the real fraud rate is 1.5%. and so, you're turning away roughly 6% of good business. >> reporter: to help with security and to protect sponsors, they've banned personal wi-fi networks in the parks including smartphone hot spots. british telecom outfitted the sites with over 1,500 wi-fi spots and around the park engineers are making sure that

there won't be interruptions in the broadcast of the olympic and the paralympic games. security forces are long part of the games and now we're seeing cyber security forces are, too. and i just want to update you real quick on that story we brought to you last week about the anti-doping efforts at the games that are being head by glaxosmithkline. well, they have claimed a first american victim. 23-year-old delpopolo is disqualified. he says he unintentional ate something with pot in it before he came to the olympics. tyler, back over to you. >> hmm. okay. kelly, thank you very much. there were an olympics sport for selling high end real estate, we have found a contender. tonight on cnbc, a look at how the super wealthy list, buy and sell their homes and one woman who helps them. robert frank is here with a preview and a rare inside look at one of the most exclusive

looks in new york city. only in manhattan. >> that's right. dolly sent more than $8 billion worth of real estate. we take you inside her world of the super rich, including the famous building known as the dakota. take a look at this video. people who have been rejected from the dakota include billy joel, cher. roberta flack had to get approval from the board for a new bathtub. >> antonio banderas and his wife denied for this particular apartment. but that also makes it so fabulous is because you can't get in here. the moldings. >> reporter: yeah. just spectacular. >> the history in this building is just -- that's the thing that calls us more than anything else. >> this is what we wanted, to bring the toothbrushes and move in. you don't want to do construction from 3,000 miles away. >> if i could live anywhere, i would live here but i wouldn't pass the board standards so i couldn't.

>> we'll have to find out tonight whether that couple got approved, right? >> exactly. they had ten boxes filled for the application. >> 800,000 for a storage unit? >> that's right. it's a big building. >> beautiful building on 72nd yes and the park. >> yes. >> we'll be watching tonight on the "secret lives of the super rich." all right. coming up next, what these two license plates tell us about the economy in the u.s. right now. we are back in two minutes time. okay, here's the plan.

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chang me, chang you. chinese internet stocks on fire today. that's a name better than expected earnings. sohu up 18% and youku with a loss and doubled the revenue and all stocks to the upside. that's right. 15% for changyou and 15 to the upside for sohu. >> okay! brian, that's power rundown time. john carny of cnbc.com and

robert frank is back with us after eight and a half months the rover curiosity landed safely on mars. but gentlemen, we are running huge deficits, big debt. is this money well spent? should we be spending this kind of cash on mars? >> there are very few times to celebrate a collective achievement like the mars rover and the moon landing funded in a tough time in the '70s. this is the time for government to take risks and celebrate the success. >> john, i think you disagree. >> i don't buy it. it's a tremendous waste of money. over the years invested billions and billions in the space program. the returns from the space return are very, very little. to me, this is captured by a small group of scientists and well-connected companies, defense contractors mostly -- >> oh, you're gong to hear about this, john. you're going to hear about this. >> i used to be a big that that supporter as a kid. growing up means giving up the

dreams. we shouldn't be doing wit the people's tax money. >> all right. new numbers show that team romney has raised more money than team obama in the latest month, $101.3 million versus $75 million. is all of this money in politics a good thing, a bad thing? going to affect the election? what do you say? >> i think it doesn't affect the election. it is a zero sum guy. one guy gets money, one guy has to compete with it. it tells you who's ahead. if you have a really good organization, you can bring money in. rather than affecting the election, what the money race tells us is really predicts the electoral outcome. >> robert? >> well, from a wealth perspective, this is really about what the big donors are doing. the guys giving millions to the superpac and learned that they support romney but largely because -- not because of taxes which is the assumption but because they think romney is the

number one guy to fix the economy which they think is the number one issue. so i think that's why so many of the big funders are leaning toward romney. >> people will decide after labor day. won't they? when the debates come. >> absolutely. absolutely. the people make up the minds very late. you have to remember, people come in with money not -- we think of just because the rich want to get richer, they come in with money. they want to get a lot -- the economy going again. >> all right. let's move on to the last one. two cars parked at a beach parking lot captured by a reporter on long island this weekend. a bmw from virginia with the vanity plate "poor me" and a hyundai sonata with the plate "wiser now." presumably owned a bmw a couple of years ago and thinks he's wiser now. what do we make of this? >> i love this one because this to me sums up the class debate and that is that the wealthy now feel more persecuted than ever

before. this is something that people don't appreciate. i spend my time interviewing and talking with the wealthy. they talk about feeling targeted because of the taxes, occupy movement, the president out to get them. >> ten seconds, john? >> obama call it is wealthy the fortunate. which implies somehow the money is completely unearned. they have a lucky roll of the dice. i think that, you know, we are seeing -- >> sums it up. thank you very much. sue? coming up, the shopping olympics. institution institutional analyst with the gold medal stock picks. ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™

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all right. the market's off of its best levels of the day but today may be the day that we snap our monday losing streak. the dow is up 67 points. the s&p is up 7. nasdaq's up almost a full percent. it's leader today and the russell 2000 is up almost a full percent, as well, ty. >> all right. jim iourio, we spoke about a retailer, walmart. you got your eyes on penney's and macy's. >> uh-huh. i thought i was going to be willing to sell jcpenney for one reas.