welcome back to "power lunch." dennis rodman and harlem globetrotters in north korea shooting a documentary. rodman watched a documentary with kim jong-un. here is proof. he said he has a friend for life. he then tweeted this. i'm not a politician. kim jong-un and korean people are basketball fans. i love everyone. this is retreated 251 times. he knows how to get dwiter action. >> he always have. >> what do you think of dennis rodman and north korean leader? do we need a new position here of ambassador to north korea? >> i'm speechless. >> this guy loves basketball. take him out of north korea.

give him a front seat row any nba game. let him shoot occasional free throws so he wouldn't shoot nuclear missiles and we will be safer? >> while he is out of town we can sneak people over the border to disarm nuclear warheads. this is a serious international hot spot. i guess anyone who can help melt the diplomatic ice gets credit but we shouldn't make light of something that is a serious threat. >> dennis rodman must have no friends left. >> one thing for certain, the guy hasn't been in the spotlight for a long time. this is a man who put on a wedding dress at one point in his life. >> he who does that throw the first stone. scott? >> you must have an opinion on dennis rodman. >> we published the photo. can we go back to marissa. if a male said this, would it be a five-day international outcry? what if it was vince lombardi.

>> i think there is a -- when she has a nursery adjoining -- >> we will leave it. "street signs" starts now. >> well, fridays is very different from the case of the mondays. now the ninth straight friday gain. inbox for everything. ceo joining us with his big planes it make his billion dollar start-up to be around in 100 years time from now, and to save the world, wall street. our guest will make the case. and wh what do you feel like tonight? chile's, red lobster lobster. meantime, will the market be

higher in it was not for apple's underperformance? lots of big questions to get to. in the meantime, let's get straight down to the floors. bob pisani at nyse, rick san tellry in chicago. bob, you made the point that maybe we will all be totally exhausted by the time we get to the record highs and won't even be able to celebrate. >> i am. but i'm enthusiastic. i've been waiting for this for four or five years. we are moving in a very wide range on the dow. 169 points. on a typical day last year. dow moving in 125 point range. we were down as much as 100 point on the dow. 108 or so. here we are sitting near the highs of the day. remember, 1 14,164 is where we d to be. there has been a number of different kos current here helping that are ism for february.

european manufacturing unemployment also weighed on that. with that said, mandy, a risk off today in a number of sectors. putting up big material names. terrible february with all these names. even some big multiindustry names. international companies selling all different items around the world, they add better february but all of them are factionally to the down side today. so not everything is to the upside. mandy? >> you always have two side of the coin. thank you very much, bob. what is happening in bond pits. rick santelli, grab bag of economic data. >> yeah, there was and most of it was descent economic data unless you are looking at income side of personal income this morning. but maybe issues carry over from the fiscal cliff aefr and pulling some forward. interest rates are down 11 basis points on the week and ten-year here where we see the eurozone

down 16 basis points. without a doubt, star chart and start of the week in my book is the doll aftdollar index. up almost a full penny on the week. best level since august of last year and not necessarily since the dollar is great but because triple and yen catching back into a wave of selling. all making the dollar as they used to say, the cleanest shirt. and a very dirty closet. >> i think we also say the winner of the ugly contest. thank you, for that, rick santelli. enjoy your weekend. t minus ten hours until the sequester kicks in and finger-pointing continues. let's get to john howard with where things are standing. john? >> the sequester everybody agree says nuts, crazy, insane, makes no sense. it is still insane even after president obama met with buy partisan congressional leadership. he came out after the meeting,

tried continued his effort to put public pressure on republicans. buy outlining his version of a common sense way out. >> i do know that there are republicans in congress who privately, at least, say that they would rather close tax loop holes than let the cuts go through. i know that they are democrats who would rather do smart entitlement reform than let the cuts go through. so there is a caucus of common sense up on capital hill. it is just a silent group right now. and we want to make sure that their voices start getting heard. >> but it was clear from the beginning that republican leaders didn't see it the same way. mitch mcconnell didn't make a statement. he put o utout a piece of paper. john boehner came to the cameras and said the president has his tax increases to that formula with tax increase doesn't work

for boehner. >> let's be clear, the tax hikes on the 1st, and so in my mind the deal is over. >> president obama in a press conference afterwards made clear that he is going to pound republicans everyday that he can to try to make them give in to his point of view. if he is unsuccessful, and he might be unsuccessful, then we will be in this position for some time. the president hoping it will accumulate enough that republicans will look at it as bay to reduce tax rates and reduce the deficit. >> per verbally turning up the heat then. in the meantime, the market does prove teflon against the sequester threat. let's bring gina and matt from

ball and gainer. gina, ladies first. why do you think it is so hard for the market to get to and pierce those all-time highs? >> i mean, for one thing, fundamentals still have to be revised somewhat. we are seeing continued positive surprises on economics. we're clearly in a recovery. we continue to see proof of that and evidence of that. but there are still high expectations out there that need to be revised down. and oi call them the ghosts of tail risks -- you know, ghost of tail risk past that occasionally poke their head up and this month they did. we saw this sequester hardly caused really that much concern in the market. there was a concern that perhaps interest rates might rise and then that was -- that was squashed. there was italian election concerns. guess what? europe is still not done. and then we finally got bad

numbers out of china. and so, you know, these things are still out there. they are just simply the market is hell bent on being positive. >> it feels like they are hell bent on being positive maybe because policy makers are there to stop them. i don't want to overplay the influence or importance of apple stock. but nonetheless, do you think the underperformance of apple since november lows has been one thing also that has been holding this market back? >> mandy, i do think it has been a contributor. but i think gina's point are valid. you see optimism but underlying concerns that mainly are politically driven and you see that fed isn't pushing on the gas propelling this market higher forever. so i think when you look at apple stock that is only a buck away from the 52-week low have you so many people that piled into the stock that it is in a m no-man's land. it is not growthy enough fon investors. not cheap enough for value guys. it is stuck. . for long-term investors apple is

clearly worth looking at. i think apple tv will be creative to the stock. you have so many people buy a the stock, when it doesn't work in short term, and investors and short term investors. >> got it. back to you gina. you mentioned a number of head wind which the market managed to shrug off. what makes this house of cards go down, potentially. >> i think we will see a number of events. as debates continue in congress, at some point you have to wonder if the markets will grow impatient with that. particularly if we get to a government shut down. i think that could actually be a negative catalyst. i do actually believe that markets will believe that everything will work out fine. the markets have basically said, you know what, we believe ben bernanke. we believe congress will get it together. they are barely getting nervous in front of these things. little spikes here and there but nothing major. but. a real government shut down, or a starting to see a series of

negative sort of the fiscal drag. you know, that actually already happening. if we start it see that in combination with the job cuts and effects of that going into the sequester, although we had good positive data today, incomes are still dropping. and so, you have to imagine that that will have affect on sales growth. >> gina, i have to jump in. we have breaking news. ron johnson of jc penney just made his first comments. what did he say? >> we are outside the courthouse as ron johnson just walked back inside from lunch. we caught up with him briefly. tried it ask him about earnings and the trial, this is what he had to say. >> any comment on yesterday's earnings? >> no comment. thank you very much. >> have a good day. >> hey, you got it try, right? you got to do your best to try. court is back p in session. johnson taking the stand adds

macy's tries to show that jc penney understood macy's deal with martha stewart but pursued an equity stake with marcia stewart living omni media anyway. the day the deal was announced that jc penney was taking nearly 17% stake in stewart's company, johnson wrote an e-mail to jc penney board member bill ackman. displayed in court and in part it said the idea of investment made this a much more significant event, a mere licensing agreement might have been created, it truly created news. we put terry in a corner. normally when that happens you get someone on the defensive and they maid make bad decisions. this is good. as the day goes on, johnson will testify. he will be cross-examined by jc penney lawyers and martha stewart lawyers. we will hear from martha stewart on tuesday. i i've got to get back in. it is getting juicy.

>> is. it is a is is a rough week to be a ceo. what is with the corner office chaos? well dig into that next and later on, short on cash? why not hit up your wine wrack? yeah, well tell you why some high end pawn shops are trading money for merlot. all of that coming up when "street signs" returns. [ man ] i've been out there most of my life. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪

ron johnson isn't the only ceo having a bad week. andrew mason, the man worth over

a billion dollars once, was canned last night. jamie we are speaking to you recently because you upgraded groupon shares. only about a week ago. was any of that upgrade on expectation that mason might leave? >> no, it wasn't. it was dwraf gravy in the midst after tough week for group on. there were always concerns about the top level job. as the stock is reacting today, i think it is just efd of how much investors really wanted to change at the top at groupon. >> how much do you think it will change the share price, though? >> i think it can only be good. when you have a transition like this, near term can be difficult but long-term can be good. groupon has a great platform. 41 million active customers that grew 22% in the december quarter. their billings continue to increase. the platform is strong. trying to extract money from

that is difficult for mason. so ultimately, to be able to get ceo in there that can do a better job of mon advertising this platform, i think it is important. >> do you think maybe groupon grew too fast? maybe anybody, whether andrew mason or somebody else, anybody would have stumbled over this? >> that is hard to say. i mean, there are companies like google, which you know, they were founders that were in place that it continued to grow under the leadership. they ultimately brought in eric schmidt to help out. i think there's just some intangible experience. and there's a couple mistakes made by mason that i think ultimately kind of turned the street against him. and i think that probably a more experienced ceo wouldn't have had the challenges. >> got it. thank you for joining us. in the meantime, what is mason worth now, robert? when you do the math, you're like oh, man. >> you almost start to feel sorry for him. almost, but not quite. company filings say andrew mason

will get his valley for six months after he leaves. that salary was only $756. not million. but just dollars a year. so his severance, $378.36. i guess that's what we call a led parachute rather than a golden parachute. over a year ago he was a paper billionaire. his shares were worth more than $1.3 billion. he was celebrated as tech's latest billionaire. then came that long and painful slide. today, his shares are worth around $200 million. 85% drop in his wealth. he lost more than $1 billion in paper wealth. as we said, we shouldn't feel story for him though. he cashed out $28 million in stock before that ipo. so he will have a comfortable retirement even for a 32-year-old. >> and when he knocked back the

offer from google. >> and if he said, if i'm going to be taken out by somebody, i want it to be someone weird like exxonmobil. so between ron johnson of jc penney and andrew mason of groupon, what is up with the corner office? should i stay, should i go? difficult decisions, what do you make of all of this? >> mandy, sounded like you were singing the old clash song "should i stay or should i go." there was this tension. by the way, it was exciting to hear robert frank say, it is just money, what should that matter pch. though that is tongue in cheek. well never hear that again. circle the wallons. politics are on the board. they keep them there way too long. we've seen it with chesapeake energy with mcclendon just stepping down. speculating how much time is left for ron johnson.

as anthony mason we talked about. jarold, a private company. toys "r" us, the guy is wilting on the vine for 6 1/2 years. and you go down the line. dick at lehman floundering. fanny mae, radio shack, so many problems problems. rim, bp, tony hayward. so much public disclosure and the board doesn't act. >> do you think that sometimes this board room dilemma is due to the fact they don't want to be, basically with, accused of having chose someone bad. just trying to defend their own flawed selection of the ceo? >> that is often what is going on there. the politics of who on that board, bill ackman, somebody who has a gene jius aura, that theyn cover to help protect them. the hold hp board that kept car

carly fs farina longer than they should. bob dime of barclay's. or when he was at maky nike /* /* nike, chris. boards become weak-kneed. on that case, there is a different set of board politics. this caniving, maneuvering how to take the job from the boss. it is hard it figure out, when do you move or not move. >> here is an example where andrew mason was the founder but because eric l put in the first million dollars, if mason put in the first million, would he be out today? >> i learn from you that, i

think you told us this morning, he has 7% still with owner stake in the company. so he has a pretty strong, if not controlling interest, he what has a strong voice. when we saw david kneelman prematurely ridiculous removed as founder of jetblue, david neilman was overwhelmingly the larger shareholder. this was able to happen despite background and ownership and governance issuees. a lot has to do with control over the board politics. if you have a lead chairman working, a regular institutio l institutionalized review. with criteria of the ceo. and how they deal with the fascination of the founder. there is a charismatic aura that often frightens a board. many times the board thinks they don't have the background. freddie mac had a long discredited ceo at the helm because the rest of the board didn't think they understood the

experts. they were afraid to act. look at fm global. they didn't act. >> what do you think of the refreshing nature, if you like be of mason's letter. saying, i'm leaving to spend time with my family, and just kidding, i was fired. >> very rare. the gap tossed him out and david neilman and jetblue. it is refreshing to have his sense of humor and candor. he did his best. this is an corrupt or foolish person. he made some bad calls. he lost his legitimacy to lead. but you have to admire the character and way he left. who does love him even more now. >> i know. this is for groupon employees but i'm posting it publicly since it'll leak any way. jeff, thanks, robert as well. coming up ahead on "street signs." the car makers posting their february sales results. so who has the pedal to the metal? we will run through the numberes

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shakes on the plane. frontier airline hobed on the harlem shake bandwagon and the feds are not happy about it. they are investigating whether any safety rules were on the flight. they say the seatbelt light was off and safety measures were followed. have you ever seen anything in your life like this? >> i haven't. with you i want to see the old guy in the front there. he has a bewildered look on his face. if someone told me to stand up and dance, i guess we will. >> i just happened to have a banana suit on because i put it on to do a little harlem shaking. >> the guy on the left-hand side, if we cue that up more, look that guy. looks like something out of the late '50s. when they all stand up in a second. >> i think i will start a trend and get up next time.

>> let's look at auto sales. we have numbers out from big three, i understand. >> phil? >> and from all auto makers. we think all auto sales. mitsubishi up 27.8%. mercedes up 21.9%. auto makers on the list didn't make sales expectations set by wall street. sales notes regarding the monthly sales, auto makers on conference calls today talked about whether or not people in the show room purchasing. whether things were different because you had the payroll tax coming in and baesically, no. nothing was slowing down the payroll tax. and the sequester threat, doesn't matter to buyers. we heard that from sergio marchionne yesterday. and there is increased activity

from small business owners. in fact, sales for small business owners when it comes to pickup trucks up 40% last month. so the full size pickup inventory at gm down to 97 days. because we see the dow come close to all-time high, we thought it would be interesting, compare general motors versus dow jones industrials last year. while there is all this talk about listen, dow is off to the races, yeah, gm is not that far behind over the last year. neither of them are anything to go krizy about, mandy. but that's not interesting chart when you look at those two. >> it is interesting. and you think particularly on the point you made about truck sales being strong, how encouraging a sign is that for the economy? >> very encouraging. a number of auto makers today talked about increased activity in the housing market. now, they've gone down this road a little bit in the last couple of years where they said we think it is getting better an it didn't. they are cautious. but if it does kick in, that's huge for auto makers. >> thank you phil lebeau.

hope to see you on the next flight in your banana suit doing the harlem shake. anything less would be disappointing. up next, fast-food fights with stocks you can sink your teeth into. and you heard of ever notes? put it on your radar now. ceo says it'll be the next google. and why don't we just show the harlem shake again? why not. we are having such a fun time. it is friday. [ indistinct shou] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade.

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we're on countdown for the record closing high. less than a hundred points away. if we do close high today on the dow, that is the ninth friday in a row. slightly high toert er. let's talk about best buy which is moving higher. there is no deal apparently. >> that's right. can you see it edging higher. clearly off the session highs. two headlines. best buy rejecting minority investment from richard schultz's private equity sponsors. they did come out with better

quarterly results. that stock, a monster, up 40% this year. >> back in february, barclay's urged investors to buy for the first time in what, six years. >> first time in six years, that's right. >> we do not have mr. herb greenburg with us. he has been following this stock. when he comes back monday, i'm sure he will give us more on the story. but the company, the shares are up by about, we do have the numbers for you. i think they are surging today. >> this is interesting. you saw the stock drop 11% in the last five minutes of trading. that's on the bloomberg headline that there would be investigations. cant' can'tor fits jer cantor cantor fitzgerald says that is an overreaction. >> strong same store sales.

those shares up about 35%. >> i said this last year, all about the colored pants. now it is still all about the colored pants. i have many different colors myself. deutsche bank, a german company. but interesting story with relation to what is happening here in the u.s. >> bank on bank violence, mandy. this is goldman sachs downgrading db to a sell. can you believe that? incredibly disrespectful. this is their argument. fed want new capital requirements on foreign bank holdings. goldman said they will -- can you see db sharply in the red. >> this company you don't often look at but share prices getting -- >> hammered. >> that right, hammered. >> that is ugly. almost 17%. fourth quarter earnings, down beat guidance on this one. shares down about 20% for the past 12 months. >> big global company. thank you very much. josh lip top. i want to now get to today's $1 billion start up that you may never have heard of.

it is called evernote. its ceo wants to make it the next google. he is here. but first, let's talk about what evernote is. i believe yb your goal, sir, is to be your external memory drive. like an all purpose inbox for your notes, document, web clips, images. everything for everyone. can you explain it to us? >> thanks, amanda. we want to give everyone an external brain who are not happy with their biological brain. we think we can do better. it helps you remember everything. helps you manage the giant flood of information coming at you everyday at work and hope. >> phil, i want to apologize, i was so excited about what evernote does, that i forgot to say you are phil libbin, of overnote. what can evernote remind you about? >> it can't remind you of things you don't already know, but we are working on that.

some that is something we hope to do soon. we started out as memory. that's phase one tp phase two is memory to your brain. to be smarter about things. >> and you also have very big goals for the company. you say you want to be the next google, around in a hundred years time. which is a lot offy goal considering how fast technology changes. >> i'm not sure i said we want to be the next google. i'm not sure there will be the next google or the next apple but there are companies with as much positive impact on the world as those companies did and we hope to be one of them. >> what can you do that google doesn't? >> well, i think google's mission is to make the world's information searchable and accessible. that's great. we want to be your external brain. make you smarter as an individual. we are not social. we don't care about your friend. we don't care what your friends are up to. we care about you and things that make you happier and more productive and efficient. >> you have had a couple offers

to buy your company. and you said no. even though you had two other start-ups that you sold off. you have planes it go public in a couple years time? >> i think so. we want it build a hundred-year start-up. we said this from the beginning. as you said, i sold two companies that was find. it was nice to have an exit. but we learned our lesson. the third time around, let's build something for ourselves. let's build something we want it use and keep. as part of that we should be public at some point. i think it is morally correct. but that's not a goal. just a step in the process that we have to carefully manage. >> if you don't mind me asking, and this is what we do on cnbc, is we talk about dollars and cents. how do you make money? >> i don't mind you asking at all. we have a freemium model. there is a free version and the free version is the main version. it is not a come on or bait and switch. we want people to use the free version and fall in love with the product.

once you're in love with it, your whole psychology changes and you look for things to buy, and there is a prescription for $5 a month or $10 a month for businesses, giving you power note features. and the more longer you use it the more like lu you are to pay. >> how many people do you think are using evernote at this stage. >> we have a little over 50 million users worldwide. >> just real quick, i understand you have to go overseas because you add bad vc pitch here. you have to go overseas and you got investment from japan, is that right? >> yeah. he had a hard time raising money. we were out raising our first money in 2008 during the worst possible time when everything was collapsing. and yeah we probably had the world's worst vc pitch. we would say with # hi, we are going to make software that helps you write things down and we will give it way for free, please give us $1 million.

they didn't like it. >> so what did they hear in japan that here they didn't. >> well i think because they didn't hear our pitch. those investors that loved our product, we had invest oors all over the world who loved the product and once we were better talking about it, we were able to get mainstream in silicon valley and elsewhere. >> thank you. >> speaking with ceo of evernote, phil nibin. where are the superheroes these days? nonprofits? wall street? a heated debate on that topic coming up. plus, we know fast-food fare the cheaper but what other stocks are the best bargain? well dig in, next. i'm diana olick with your real estate recovery watch. going local to detroit. home sales up 11% in january from a year ago. median home price up 27%.

thanks to still falling inventories now down 22% thap that's detroit. to find out how your mark set moving good to our interactive recovery map at realty check@cnbc.com. mine was earned in djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benning, georgia, in 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation 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.

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coming up on "closing bell." prices have been plunging for five straight months now. now may be a golden opportunity to buy the precious metal. also, how will the massive spending cuts set to kick in at midnight tonight effect the banking industry in barclay's ceo joins us specifically and gary genslor will be with us. saying market oversight will be heard by those cuts. find out what that means to your investments, in an interview you will see on the "closing bell." maria and i look forward to

seeing you on this friday, mandy back to you. >> restaurants down grades today, both wendy's and the company behind olive garden. time to get more bang for your buck in the restaurant sector. let's order up an extra value meal play. restaurant analyst, steve, great of you to join our show today. what do you make of the down grades? warranted, justified? >> well, we don't cover wendy's but darden, as they try to bring out more value price, not necessarily discounted entrees to customers, those being the 12.95 three course dinner al olive garden or 14.95 four course seafood dinner at red lobster. those have been in the works for sometime and work et in the past and now they will be full-time core menu items. some of the downturn and comps recently has been related menu

mix. but we do think that something will happen as more customers come that traffic will start to increase. so we saw a similar pattern at bar and grill chains a couple years ago like apple bee's and chile's. that has worked in recovery for those respective names. >> darden has price tag of $54. another company with which have you a buy on, but you say it has the best value meal and that is brinker. >> we mengd britioned brinker wa similar position two years ago. they had two for 20 and consistently outperformed the sector in the last couple of years. management at analysts say earlier this week which we attend in dallas, put out an ambitious goal by 2017. that's something we think they can do. with continued improve many at

chile's, heavy on share buy backs and recovery and then putting out a new prototype that we think will put out high returns. >> here on "street signs," we had a quick debate to what may be the fillet of fish type stocks, that could go either way, what did you say? >> well, red robin, that we have been positive on for some time, a strong rally since october. we downgraded the stock late last month after earnings. and you know, they are doing all the right things in terms of generating traffic as well as squeezing out inefficiencies at restaurant level. however we do think it is fully priced. but the name we consider on any pull back. >> we got it at a whole as we speak. thank four that, steve anderson. let's send it over to josh lipton once again for quick market flash. josh? >> mandy, headlines to keep you updated on. dow jones reporting that bristol

meyers weighed large possible acquisitions. considering deals for biogen and shire. dow jones saying bristol meyers continued to explore potential acquisitions. we will keep you updated as we get more news. mandy, back to you. >> thank you very much, josh. british government is selling wine at about $7500 a bottle. to cover the cost of maintaining the country's official wine seller. which contains, by the way, more than 38,000 bottles. but another brit is making big money on wine, not by selling it, but by taking it as collateral for loans. veteran wine drinker, jane wells, reports he is making lots of dough off that, right, jane? >> i don't think there is any merlot in there but he has made lemonade out of lemons or wine out of raisins. he found a a revenue stream

against wines around the world. >> close of a hundred thousand pounds worth of wine here. >> burton's company, makes loans for 35% of the market value of the wine put in hawk. he made 200 loans totaling $30 million. interest rates on these loans is 15%. he passes through 12% to his lenders. and he has more lenders than he needs. why would a wealthy person do this? becaaren't lending. rich people have bad credit too. and sometimes they need fast cash. burton never asks what for. >> well, i just think it is really strange seeing people living these $20 million homes, wanting $100,000. hundred thousand bound loans or something. that's crazy. i have a lot of lenders in hong kong. singapore. tokyo where interest rates, deposit rates at the moment are negative percent. so they are getting a pretty good deal.

>> so he's got rich people on both sides. so far, sellers claims it has zero defaults. it f it did, burton wouldn't get to drink the wine as much as he would like to. he has it sell the wine it make lenders whole. >> i think it is incredible that he never asks exactly what the loan is for. isn't that risky? if you don't know what is t is for, how do you know if you ever get paid back? >> because you've got the wine. you are only loaning 35% of the value of the wine. he knows wine and he looks at every bottle and assesses it. they offered other borrows that want art or jewelry, he doesn't know art or jewelry. he knows wine and that's the only thing he will take as collateral. >> and he can drink the profit. the unmanned falcon orbit earlier today from cape canaveral, space x is the creation of the co-founder of both paypal and tesla motors. and there is a problem.

nbc space analyst joins us on the newsline. what is exactly is the problem? ? >> mandy, they launched on time at 10:10 a.m. falcon 9 rocket carried the dragon into orbit where it was supposed to be. once it is in orbit it starts chasing the international space station. it was to have gotten up there tomorrow morning. when they fired up their rocket thrusters that ne need to do this, they have four sets of them on the dragon. only one set would work. so they decided for a moment not to deploy the solar rayes because they need the solar rays to bring energy to the spacecraft. and they missed their first opportunity to leave the lower orbit and head up to the space station. as i said, they need two systems working of the thrusters to do that. but more importantly, once they get there, they need three systems of the four to work to get them and for docking with the space station.station.

they are carrying 1,200 pounds of supplies. that's food and scientific supplies, and anyway right now they are stuck in orbit. they must missed another opportunity at 2:00 p.m. eastern time to fire up to the station to get up there, so that didn't work either. >> okay. the solar rays aren't working. the batteries are being drained on board the spacecraft. >> yikes. >> and one option being considered. they could bring the spacecraft back today and land it in the pacific ocean off the california coast, and, you know, cover everything which they intend to do. that's one option they are looking at. >> jay, i'm sorry, i have to jump in. we're running out of time. thanks so much for filling us in on the problems they are having. meantime, if you want to save the world, where should you work? a non-profit or wall street? the heated debate next. i know what you're thinking...

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well, here's the headline to make you go hmm. if you want to save the world, forget about working at a charity. go work on wall street instead. will mcaskill wrote the story with that headline.

he's a quarts contributor and brook allen is a 30-year veteran of the street. he says don't come to wall street for the money, even if you plan on giving it away. to both of you, great to have you here on the show. >> thanks for having us. >> will, explain your position, first of all. >> i think one of the best ways you can make a difference in the world is by taking a deliberate career like working in wall street and giving a large proportion, 50% of that to the best causes, and there's a few of the reasons why that's better than working in the charity sector directly. one is you can simply pay for two people to take your place in the charity sector and you can direct your donations to only the very best causes whereas if you're working in the charity sector, it's much more difficult to only be able to work for the very best causes. >> sounds great in theory, but how many people working on the street do you actually know who would give 50% of their income away? >> i'm giving 50% of my income over the course of my life. i'm on a graduate stipend and currently donating 30% of that and once i earn over $30,000 i'll give all that away.

i've convinced a lot of people to pursue this path i've been advocating. work on wall street, in his first year and a half of employment alone he's able to donate over $100,000. >> brook, you've worked for decades on the street. >> that's right. >> is it harder than we think to do that? >> i think it's harder than you might think, but, first of all, i would encourage you to do that and i would encourage everyone to think about charity. now, what makes it hard is that there's -- there's a seduction going on on wall street. you'll be around people who will ask you to do things that will make a lot of money for other people and for you, but you have to think about is it doing more harm than good? so if you helped with our mortgage crisis, how much would you have to give away to make up for that? perhaps more than you made. you might have to give away 300% of your income to break even in

your moral calculus. then what? >> that's an important point, and i think it should make you realize you shouldn't assess your career on the basis of am i working for the good industry or good employer? rather, you've got to think about your own individual decisi decision so if there hadn't been a case that there was an instance of people going to work in finance but rather more sensible or attistically motivated people then maybe we wouldn't have had the sort of financial crisis we've already had. that's an additional reason on top of the donations that you can give. >> it's a fascinating fill could have sal question as well, and i hope people take away and think about what they want to do themselves. thanks very much for both of you for joining us today. meantime, bank of america, the big leader on the dow as we inch ever closer and closer to the all-time closing high. we will be back.