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>> i like oracle. i'm going to stick with it. >> loser. >> b.k. is a buyer of hogs and epv, short europe. >> joe? >> stephanie and i had an off-camera dialogue about the ritz in south beach, we both don't like, but i do like the marriott franchise. that does it for us. don't forgets to catch more "fast money" 5:00 p.m. tonight, follow me on twitter. have a great rest of the day, and "p lun in one second. halftime is over. the second half of your trading day begins now. >> scott, thank you very much. rally on. what's an investor to do right now? the inside track on where hedge funds and the wealthy are investing their money in this market. what's the market money doing? are they really as smart as sometimes we think? home sweet home ownership. housing on the road to recovery, but is owning a home still part of the american dream? exclusive results of our cnbc all-merge economic survey.

and could this be the beginning of the end of those expensive cell phone contract plans? one of the biggest u.s. carriers -- that would be t-mobile right there, the first now to end contracts under some conditions. what it means for the telecom titans, consumers, and for suppliers of handsets like apple, blackberry and more. sue is down, as usual at the nyse. hey, sue. >> hey, ty. good to see you. the s&p 500 back within striking distance of a record. pretty upbeat durable goods orders, and the trumping the weaker than expected new home sales and the consumer confidence data. let's check the markets, still a solid gain of 75.3 points, 14,523 and change. the nasdaq is up about 6.75 points. the s&p 500 is almost almost half a percent or just about seven points n terms of stocks, include american express and

amgen, all with solid gains of about a percent to a percent and change. bob pisani is here on the floor of the nyse with some of the trading action. so yesterday we were down triple digits, today up triple digits. >> with the s&p up seven points, dow up 70, you would think we would have all the market leaders, but the tone is fairly defensive. utilities moving up, consumer staples, all market leaders, the finances are really the laggard here. tech is also not as strong as the overall market. no sign of pulling out of bonds. this story is going no where are. bond etfs have had inflows four straight days, including some of the corporate bond etfs. four straight days to the upside. retail stocks have been a bit weak today, so noticeable declines. gap, chico's and american eagle, look at those declines here. i think this is related to the consumer confidence number. put up the retail etf, you can

buy all of these stocks in a single etf, you see how it dropped right after 10:00. i think that is the problem. some concerns about slower traffic in march. finally gaming, atlantic city declared bankruptcy. the big competitor is borgata, owned by boyd gaming and mgn. let's bring in kenny polcari. you were saying today we kind of you are stuck, banging against that one resistance level. >> and every day we have the seesaw. we're up seven, down seven, so where we we got in the last two weeks? nowhere. it's the who will end of the quarter thing, everyone v everyone just trying to hold it together. >> we went from the -- we went to 1563 up 10%, two weeks ago, and we're still stuck at 1560 something. >> the fact that the market is just continuing to churn here,

it's building a base in here, which is actually -- would be good. >> that's very good. >> the thing i think we have to be concerned about is what happens come april. our profit margins will hold. are the -- what's it going to say about china and europe. >> are you surprised that given the banks in cyprus remain closed we haven't seen more of a ripple effect? we did initially. >> i'm actually very surprised. every day that it's closed is more fear and anxiety over there. the fact that how are they going to control that? yes they'll put capital controls, but the sense is there's got to be more fear or panic over there. that will certainly at least flow over to europe. >> we are seeing a bifur case. northern european markets have generally been stronger than southern european banks, and i do think there will be capital concerns. if i'm sitting on the bank and i have moan in a weak southern

european bank, and i have $100 million, and i'm a corporation in there and i'm on the board of directors and the finance committee, i want to know how safe are we in this bank? that's where i think the risk is. >> one of the independent party, nigel, he was tell the brits to get your money out of the spanish banks. >> those are the cross occurrence that this has to deal with. two-year notes up for auction. rick santelli, how is the demand? >> you know, demand at 1:00 eastern was shockingly light, considering everything going on, as you pointed out around the globe. remember, shore maturities should be somewhat of a lay-up. it was pricing at 0.255, offered at 25 on the w.i. it tailed just a bit. ultimate yield. it was 2.255, so right there. but here is where it goes weak. the average bid to cover for the

last ten auctions is 3.79. this one was 3.27. the widest participation in terms of dollars submitted for every dollars worth of securities available since july of 2011. dealers end up taking 57.6% of the auction. i give it a c-minus. i'm somewhat flabbergasted we didn't see more aggressive bidding. tyler, back to you. >> now to europe's ongoing battle to contain its financial crisis. cyprus extending the closure until thursday. our chief international correspondent michelle caruso-cabrera is on the phone with us. do you need me to wire you some money? >> reporter: we do struggle to find cash, we go to the atms, and have struggled the last couple days, but i think we're going to be fine. but the people here are struggling to find cash, because the banks have been closed. now the amount of cash in the

system has been depleted to fairly low levels, at least it certainly appears that way. we are learning now that the banks may finally reopen on thursday. they had some technocratic issues they had to get through, the integrate grace of a couple banks. they haven't told us the controls or withdrawals limits, but just an hour ago a news conference was held to say that the capital controls would be lacks. that maybe suggests that businesses would have an easier time of paying suppliers who are maybe overseas, the question is will they be able to stop the outflow or stop the capital flight that they are terrified will happen once the banks reopen, even though they have in theory recapitalized -- there's been protests here across the island, and in particular today the bank of cyprus employees where are extremery fearful they would be liquidated, so that's where a lot of misinformation. there's been some panic here about what's going to happen.

what is for sure, tyler, is the economy here will contract significantly. anywhere between 10% and 30%. they'll contract the financial sector, which is up until now, 50% of the economy. that's why all those people are protesting. they know what's coming. it's going to be painful. >> michelle caruso-cabrera, thank you very much. sue, down to you. >> ty, goldman sachs, one of the big stocks to watch today. let's look at the stock. it's up about 15% so far this year. the investment bank will have a new top ten shareholder soon, with the stock down just a fraction today of a percent at 14585. that new shareholder in a big ware, warren buffett. our mary thompson is here with more. >> buffett's future ranks among shareholders is borne from a crisis era deal that help to shore up goldman in 2008. where he ultimately lands in the ranks will depending on the share price. the two sides amending the original agreement, saving

buffett to shem out money he would have -- and saving goldman from diluting its existing shareholders. here is how it works. in exchange for the 43.5 million warren buffett shareholders, he'll receive stock the last ten trading days before october 1st his the exercise price multiplied. let's put it another way. if the exchange took place at yesterday's closing prior, buffett receives roughly 9.2 million shares, putting him among goldman's top ten shareholders. at yesterday's prices it's worth about $1.3 billion, and buffett, who says he intends to hold on to the stake also made million on the first part of the deal. tyler, back to you. >> mary, thank you very much. we are watchle apple closely. gene muenster joining the parade

of analysts lowering expectation. he also believes there will only be a small increase in the different from $10.60. i call that a 40% move. that's a pretty big size. and no bump in the stock buyback. there you see 4.62, down another dollar today, and as you see over the past year, it is down about 24% over that year. our tech correspondent jon fortt is in the house at global headquarters. what do you make of mr. muenster's call? he also has a very aggressive price target. >> looking at that, 767. he 'trying to take down a lot of expectations. look, 33% is a pretty good pop if you're looking at anybody but apple. everybody's got to look at the huge pile of cash that they've got, $139 billion, if you count the overseas amount they have. overall he's at lower than some

analysts, but you suspect apple will want room to grow. >> he sees the a weak -- but a big finish to the year, maybe on a surprise gadget? >> yes, he's been looking for an apple tv for a while. of course, all of us would like something new to play with. so we hope he's right. if apple comes out, you would expect is in the october/november time frame, so they have to get holidays and super bowl. >> let's talk about the seismic change in the cell phone business. t-mobile saying basically we're going to pull back on subsidizing handsets, but in return we're not going to require you to sign up for a two or three-year contract? >> yes and no. t-mobile is spinning a good line. they are subsidizing the iphone for instance, they're giving basically a no-interest loan to people it pay it off over the course of two years.

really, this is no price pressure on apple. they're not discounting the phone. it's dangerous for t-mobile. they could take it tother carrier. >> so big risk for them. but they're thinking, hey, we're going to come in here and give you no contract, so ear not obligated. >> they had to do something. final one here. company out with 3-d scanning? this is a big coming thing? you tell me. why do i need that? >> autodesk, which is known for being a digit at blueprints company, big in engineering, machine work, et cetera, they're combining laser scanning with photography, so that you can take a scan of your whole environment, make it easier to get that in digital form, so you can use a 3-d printer to replicate something. it's an interesting move forward. this is a business that a lot of people are hoping will really take off. i'm skeptical that we'll all have a 3-d printer at home, but

some people are looking forward to it. >> what is 3-d printing, you print it on a piece of paper. >> no, this is actually take material and make an object. scan your wedding ring, in case you lose it, you can print one out. that's a practice use. >> always thinking ahead. jon fortt, good to see you. josh lipton has the market flash. >> check out sears, which is in the red here. i spoke to mark newton for a quick technical take. he says today's move is an important one. sear' surge, now showing some weakness, pulling back to hen of ten-day lows, maybe even 46 before bottoming. other retailers also in the red, macy's j.c. penney and saks. meantime, housing is on the

road to recovery but is home ownership part of the american dream? diana olick has that. >> look, the rate may be falling, but the dream is still alive. we'll tell you what may be holding it back, coming up on "power lunch." at this timer followers, you can trust us, our account is now verified. from now on you'll see the "verified" badge next to our user name. keep in touch, america. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. how do traders using technical analysis streamline their process?

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want to know who's making money in pharma stocks. rally on. a number of stocks highest levels in more than 11 years. among them, bristol-myers, valiant, allergen and pfizer. sue? ty, now to the health of housing. sales of new homes dropping more than 4.5% in february. that after a huge 13% gain the prior month. still it looks like housing and the recovery is intact. the latest case-shiller report posting the biggest gains since the summer of 2006. so housing is on the mend. is owning a home still part of the american dream? our real estate correspondent diana olick with exclusive reports of the economics survey. over to you, diana. >> the short answer is the dream is back. home prices are up. even though investors are driving a lot of those gains, the run of home equity and appreciation is juicing consumer confidence in housing.

just ask newlyweds who no longer want to be renters, they are looking to buy in northern virginia. >> renting has been interesting. we've been in the same apartment complex for about four years, and we've probably gone up 20%, 25% in rent. at this point the price we're paying for rents we could be doing a mortgage. why rent when it's our own investment? >> the percentage of americans who say it's part of an essential american dream, and the percentage who say it's better to own than trent grew by four points. perhaps the biggest surprise in the survey, though, is that despite a raging record-sigh stock market, more americans believe a home is a better long-term investment than sto s stocks. the trouble is there's very little out there to buy. first-time buyers, even if qualified for a mortgage, are being outbid and outrun by all-cash investors, some of them large hedge funds and other

private equity. while investors had hit the biggest stressed markets hard, supplies are down all over the nation, down 57% in boston from a year ago. 21% down in houston, down 33% in denver, and down 45% in seattle. all according to local realtor associations. >> there's not a lot owl there. it's amazing, we see houses go under contract in a day or two, and so we really have to be on top of the game and be willing to drop everything and go run and check out a house or it will be gone. >> now, some of those higher prices are actually pushing some investors out of the market, because they're not getting the return on their investment that they wanted, but the banks are ramping up foreclosures so it will be an interesting year going forward. >> how do higher interest rates -- that's relatively speaking considering how low we are, but the gradual move up in interest rates, how is that affecting the move to home ownership? >> it's actually getting a lot

of first-time buyers off the fence. remember, these rates are very low historically, as you said. but when we start to see the rates inch up. they say i better jump in, get that rate and buy the house now. i don't want to see rates over 4% and lose out on the savings. so for first-time buyers, it's pretty good. it's for anyone on the fence, it's an incentive to get off. >> indeed it is. ty, over to you. the battle over same-sex marriage has been heard now. it has major implications for businesses, the federal government. we'll talk about that. plus as stocks hit record highs, where are hedge funds and the wealthy putting their money to work? we'll tell you. all that and more after this short break. the live data board is brought to you by -- (announcer) at scottrade, our clients trade and invest

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fore's ceo alan mullally says he's concerned about the effects of the weaker yen. the yen has fallen about 8% against the dollar this year, mainly because of monetary and fiscal policies, and also the talking down of japan's currency to help revive that nation's export economy. that in turn has jumpstarted shares of nissan, honda and toyota lately. he says he thinks the market

should determine the exchange rate, not policy. ford shares last trade down a fraction, about two cents at 1328. ty? >> sue, the supreme court holding a historic hearing on same-sex marriage. it could bring sweeping implications for states and businesses. our chief washington correspond john harwood has the latest. hi, john. >> hi, tyler. the arguments are over before the court. the crowds have dissipated. we had thousands of people out here, tons of electricity and emotion in the crowd over this momentous case. two cases, actually, one being argued today, one being argued tomorrow the it's important to recognize, even as people are picking over the questions, looking for tea leaves, are they ready to decide this case once and for all? it's important to remember both in public opinion and in american business, this is really a settled issue right now. public opinion has turned on its head raptly in the last few years, majority of people

support same-sex marriage. if you look at corporate america, the practices of corporate america in conferring benefits indicate they are on the side of same-sex marriage as well. look at this list of some of the top companies in america rated by the human rights campaign, a leading gale rights organization, which said that 13 of the fortune 20 had perfect scores in terms of their assessment of their performance on a range of issues related to privileges and benefits for same-sex couples. those include ford motor company that sue was just talking about, general motors, verizon, at&t, chevron, these are companies that have seen which way the wind is blowing, they're taking care of their employees and that's an indication of whatever happens in the supreme court in this case or one that will be argued tomorrow, we know the ultimate destination of this fight. >> this case was the one involving california and proposition 8.

am i correct? >> reporter: that's correct. the state have been conferred legally same-sex marriage rights for same-sex couples, can take it away in the referendum. tomorrow involves the constitutionality of the defense of marriage act signed by president clinton in 1996, and whether or not its bar against certain tax benefits for couples in states that dao legalize gay marriage, whether that will stand, and those arguments will take place in 24 hours. >> as you point out this is not merely a cultural question. this is really a dollar and cents question that goes to taxes, to the ability to collect survivor benefits until social security and the benefits that corporations might apply in various cases. john, thank you very much. >> reporter: you bet. it's been a week where stocks were hitting record highs. where are the wealthy investing? which works with a third of the

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all right. gold prices are closing right now.

with the stock market up 91 points right now, sharon, what are they doing in the gold pits? >> they're selling gold. gold is down about $10, below the 1600 an ounce level. with bailout plans for cyprus, that is one of the reasons why investor demand is not where it was a week ago. we're also looking at the fact that even though we're seeing a gain for the month likely in gold prices, it would be the first back-to-back quarterly loss for gold since 2001. en analysts are talking about the fact we may see a decline this year in the gold price for the first time since 2001. copper's gotten a bit stronger footing from the u.s. durable goods data. that was positive. copper prices have been under pressure this month as well. investors say keep an eye on the futures market. the fact that it's decline and we have seen a rally in the price, there's a lot of shorts still in this market. back to you.

>> thank, sharon. to the floor of the new york stock exchange, where we are at post 9. we keep bumping our help up against a 90-plus pont game. >> and five or six points away from the endless s&p story. let's put up the major indices. something interesting that the dow is the leader. mid cap and small caps, the russell 2000 has been the big market leaders. you see the industrials are up today. one of the reasons the industrials are outperforming is because of boeing. boeing, of course is one of the components there in. in general a pretty good day for aerospace. they've had a successful test flight of 787, the aircraft component, also was decent. that's helping aerospace stocks out. remember there's a lot of consolidation going on. aerospace is strong, sue, i got

a lot of questions about why the retailer weak today. i think there's sdwrenl concerns about slower traffic in mar, but the retail etf, right around 10:00, when we got the consumer confidence numbers, they weakened. i think that's the story here. and kenny joins us as well. the one thing that worries me a bit is the fact that the dollar is strengthening and the euro weakened dramatically yesterday, which usually doesn't pour tend good things for our market. >> it usually doesn't. we are probably, you know the prettiest girl on the block at the moment when you think about global investing. so it makes sense, you can feel it, right? the markets had every opportunity to go lower, it hasn't done it, and it's building this base. the industrials have now made new hes, the industrials have they big liquid bank stocks,

which on a certainly level can be defensive, people feeling safe. >> well, at least they get paid. >> in the event they want to get out, they can get out. versus some of the names in the s&p, which i think is part of the reason the s&p continues to struggle, because there's more safety in the biggers names. >> the s&p is theoretically a big-cap index. there's a lot of relatively mid cap names -- >> that's my point. >> $10 million in market capitalization. they're a little less liquid. >> when there is a run for the exits, it's more difficult. >> it's easier to sell some of those mid cap names. >> the vti, the van guard total stock index, which is what i watch, the hallmark, like 99%, is less than 1% off its recent highs, so there's really sideways movement, which is why people say, what happened to the rally? we've been sideways for five

days. >> -- once you get used to the all-time highs. >> look at the market indexes. >> all right. >> people freak out. >> the statement in april, it's going to feel good. >> so maybe they won't sell it, but that's another segment. so the nasdaq, seema mody is following the action. >> hey, sue, that strong economic data we got out here in the u.s. is helping tech stocks outperform. netflix, shares not only topping the s&p 500 today, but for the year as well, pacific crest calling it the clear global leader in subscription streaming videos. that's a stock on the move. also look at broad sock, this is an internet consumer player, raymond james say it could be a likely acquisition target for oracle. also see a pop in shares of oracle. keep in mind, though, apple's

current payout of nearly $10 billion a year does make it the top tech dividend payer. also another big move in the hard disk drive, sea goat technologies and western digital up about 3%. groan capital says hdd environment remains stable and that mix could drive a gross margin up side. sue, back over to you. >> thank you very much. seema. to the bond market where rick santelli is tracking the action at the cme. rick, you see fitch is placing cyprus on ratings watch negative. you think? >> yeah, you know, i know, it reminds me of many of these firms when they upgrade an outlook that's got from 150 to 297. that's when they make the call. you know, when it comes to treasuries, everyone wants to put them in the ground, but it's not soup yet. look at a two-day chart of tens. 190, we keep knocking the door,

open the chart up month to date, boy, we're coil. 190 seems to be the technical threshold. if we look at a chart of the spread between r-10s and ten-year bunds, 60 basis points. we're knocking at the point. we very closed or above 60 basis points since mid-2010. if you look at a two-day chart of that, it's knocking at a key level as well, 83. if you open the chart up to one year, it's coil as well. it's all about big levels, but not necessarily big moves taking them out. back to you. >> thank you very much, rick. well, the fed may be sticking to its low interest rate policy for some time, but wealthy investors are preparing for a potential rise. where is the smart money going? david bailen nose. welcome back, david. good to see you again. >> good to see you, sue.

>> i see from the notes that investors are substituting the interest rate risks they've had on previously, and they're subattituding other kinds of risk as they search for yield. what other type of risks are they looking at. >> in terms of the assets, they're moving from -- with this fixed income a lot as well. one is to dividend paying stocks, you can see some of these, as in your ge or clorox and the like. companies having improved economic conditions, improving dividends, and therefore provides yield that allows clients to move away from the ten-year, and from other 2k3w06789 bonds and actually get exposure to up side as well as good income. secondly you're seeing the type of investing is changing as well. they're moving into high-yield, the better part of the high-yield names, and they're also moving into variable rate bank debt, and is now available

to individual investors as well in mutual fund format. all of this is happening, and see it about a 2:1 ratio from fixed income in 2013. >> so when they do move -- i know you listed some of places they're going into, but some of it sounds more defensive than it did previously. is that a correct read? are they a bit more defensive? >> i think it is. what they're anticipating is rates are going to go up, especially in the united states. they're concerned about government credit, specifically in the europe ozone with what happened in cyprus as a reminder of what can take place. they're looking for safety to some degree, and they're finding that in corporate balance sheets, and in companies that are improving in terms of their economic outlook. also in countries with the balance of payments, and the credit circumstances are materially better. they're acting on that this year, which they were not in 2012. >> what about m & a activity. we've seen a lot of that pickup.

and some of it has to do with just the fact there's a lot of cash around and you can do these deals as all cash. are investors trying to piggyback on that trend? >> yes, they are, especially through hedge funds. a material impact of low rates and investor demands. so more wealthy investors are moving money into hedge funds, specifically into relative value funds, and equity long/short funds. and the major moves with the acquisition of dell, the acquisition of heinz, by berkshire hathaway, and most recently the liberty transaction which virgin media. all of these are pour tending a rate of growth in m & a activity unlike we have seen since 2008, and hedge funds are major players. similarly in terms of what hedge funds are doing they're buying equities like yahoo! and aig, whether they're low book value or real turnaround circumstances. >> you know, talk to me about

the strategy of most of the hedge funds that you follow, in terms of explicit bets on the direction of interest rates. they usually don't do that. but how do they leverage that trade? >> what they do is look for expensive -- they do it on a relative value basis. they look for expensive securities, those of corporate bonds with very tight spreads and may indeed go short thosingses and buy recent denchal mortgage-backed securities or commercial mortgage-backed securities, hold those long and make that spread. they do it on a leverage basis, they're trying to do it nondirectional. that's something hard for an individual investor to do you bess ey for a hedge fund to do i want i know you've had said wealthy investors are getting more defensive in terms of the interest rate environment. is there any sector that you see them explicitly avoiding? >> i think what they're avoiding are government bonds. you're seeing very large sales of outright u.s. ownership of government securities, same

thing in the eurozone, seeing real selling of actual eurozone bonds and the purchase of corporate debt in their place. this is at a rate again that's different than 2012, that we considered material and significant. >> david, good to see you again. >> great to see you, sue, thanks for having me. >> david bailin, ty, up to you. seagate and western digital higher. the disk drive makers are the top two stocks on the s&p 500 today. sdwrenl motors revamping the buick to appeal to younger drivers. buick used to be a dominant brand with gm, selling more than 900,000 of them in the u.s. they're a big brand, by the way, over in china, but generally associated with older buyers here. shares of super value are higher after the company cut about 1100 jobs. the super market operator recently sold five grocery chains in an attempt to turn its

business around. while stock investors party hardy, some say a monster sell-off is in the wings. what does it mean for your retirement portfolio? kate kelly on the bond super-bears, just around the bend. we'll be right back. [ male announcer ] this is not my home. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i home? nope. but it almost feels that way. homewood suites by hilton. be at home.

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as stocks marched to record highs, there are fierce mounting about a sharp still involve, straight ahead. just one more problem facing pension fund managers and those planning for retirement who have long considered bonds a safe haven. kate kelly has the story. this sounds scary. >> let's not get overly concerned, but it's something to keep in that mind. no doubt it's a agreed run for u.s. bonds and paper so pricey

even credit card vet advance -- take a look at some of these charts, showing the riskier stuff is flying like collateralized loan obligations have skyrocketed in popularity in just the past year, especially in assets like leveraged loans. the euphoria is making some big money managers nervous, and they're hedging for a potential falloff that could potential cause widespread pain. one area of vulnerable could be retires, and pension funds, for example, which really favored fixed-income investments, according to research from merrill lunch among others. some of forays into commodities have not worked well, not shown yield, and equities to many of these managers have felt simply too risky, perhaps until now. with the s&p up more than 9% year old to day and potentially closes, market participants are asking when will they rotate

into stocks in an effort to capture that greater yield. with interest rates still near 0, and the fed planning to stay the course, there's little reward for saving and waiting much longer on equities risks missing it all together. but if the bond bears are right and credit experience is a big lag down in the next 18 to 24 months, it could prove a smart play, sue and tyler, and a way to create new yield at a time when it's tough to do that with bonds. >> indeed. kate, thank you very much. the battle for dell turning into a real hough life emso the of a game of throne, with possible alliances being created left and right. the latest is from carl icahn and blackstone. that's the question we're posing, answers on the power rundown are up next. >> i am the king!

i have a market flash. monsanto charging higher, near session highs, the news monsanto and dupont declaring a cease-fire, the rivals agrees to a series of technology licensing agreement for seed trades. dupont will may monsanto 1.75 billion. monsanto agrees to toss a $1 billion jury verdict against dupont. analysts at jeffries lowering the estimates on dupont for this year and next.

let's see what's coming up on "street signs." it's another guy from the united kingdom. >> hello, tyler. we have a special edition of "street signs" today with all the crew. we're going to show you where house prices are up 17% on last year. we're going to take you to the most expensive penthouse that money can buy. we'll look at the cleaning up of tiger woods, in more ways that one. how can a kid age 17 create a business worth $30 million, and more importantly, are we too old to copy him? >> i sure hope not. we'll be watching. we're going to go to part 1 of the power rundown. joining us robert frank and john karney. how are you, gentlemen? >> you guys are big, handsome, strong, fellas. my god. one day after icahn and blackstone made separate bids for dell, it appears the billionaire is willing to pair up to seize control of the pc

maker. this is an interesting drama that's unfolding here. >> here are two companies within recent memories were the ultimate growth stocks, inventors of a category and now in an existential fight for survival. >> this is why i think you want to keep michael dell in there and why eventually blackstone will want to talk to them. it's just amazing from to the ultimate value play. >> welcome to the world of tech. fortunes are made so fast. >> retail therapy, billionaire style, steve cohen on a $155 million shopping spree for this

picasso. apparently he's not letting that insider trading probe, for which he paid a very hefty fee, right? >> i figure if he's going to pay $600 million in an insider trading. >> go buy something you like. we'll talk more about it after the break. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.

power rundown part deux with the three amigos. the results of our yahoo! poll, 83% said yes, i should only pay for what i use. 5% said no, i find a contract more dependable. 12% said maybe, but i'm not willing to cancel my contract to

try. >> you can buy different kinds of plans with cable tv. how about this with t-mobile? >> i think being able to get out of your provider is a huge advantage. i would love to switch between providers. for somebody like me, i end up using all the data in the world for my phone. i want something that can be heavily data oriented, very little voice oriented. >> this all boils down to t-mobile basically saying we're not goods to subsidize in the way we have. as jon fortt said of the iphone which they'll subs died somehow someway, but you get to buy it, you get to keep it, no contract. i could just get the phone, be with t mobile and take it anywhere else? >> we'll see how the sticker shock is when the phone -- there was that number, yew phone would cost $699 if you didn't have a contract. we'll see where that $699 or whatever it is is really the costs how much?er people say my

they may not be willing to spend it. >> a lot of that number was made up. >> it was overpriced there. let's move on. steve cohen baud a $155 million picasso from the las vegas mogul steve wynn. what's interesting here is wynn agreed to sell the piece to cohen back in 2006 for $139 million, but the deal was called off, as you may well recall when he actually jammed his elbow through the canvas, causing a six-inch tear. mr. cohen just had to pay a big settlement fee to the s.e.c. >> if el were the s.e.c. enforcement guys, i would take this as a slap in the face. they think they did a by blow by charging the largest-ever fine against him.

>> elbow through the artwork. made it more valuable, apparently. >> my opinion has always been you should buy art, because you love it. clearly steve cohen loves it painting. it was $16 million cheaper before it got ruined. >> he wants it even more. >>i like a -- >> the pickled shark. >> and then the thing leaked. >> when he bought that, that shark was rotting, deteriorating. he bought what was then a damaged work. he said, look, i love it so much. they gave him a new shark and new formaldehyde. >> what isn't to love? look who got rich this week. we know about a new jersey deli worker. he was in passaic, pedro quezana, who defied the odds, says he wants a lump-sum payout. that's what i would do.

>> lump sum, absolutely. >> on the one hand, this is great. on the other hand, this is showing the shortcut to getting rich. to every 17-year-old will now think they can make a company -- >> and nick deloss i don't, he sold his start-up for yahoo! for 30 million. >> the reality is getting rich takes a lot of time. >> i also have to say, look, the history of 17-year-olds coming into millions is not always very bright. >> unless your name is paris hilton. >> well, she had some rough patching. he said he's excited to work at yahoo! >> he should get a different color of lipstick there. >> i wonder, if you have 30 million and somebody yells at you for being late to work one day? >> this kid is smart. he said if i could invest in a person, i would invest in him. >> he's definitely a smart kid. >> he's great. they're going to yell at me for talking.

stock's holding on to gains. we'll check the markets in a minute. [ male announcer ] with free package pickup from the united states postal service a small jam maker can ship like a big business. just go online to pay, print and have your packages picked up for free. we'll do the rest. ♪ omnipotent of opportunity. you know how to mix business... with business. and you...rent from national.