final trade? >> selling the long euro yen. >> i sell microsoft. i all right went out wide. >> long tm. >> buy adt. >> rfmd buy on the puts. >> all right. ennis won the debate. have a great rest of the day. "power" starts now. >> scott, thank you very much. we begin power lench this day with breaking news. making a big announcement. we're going to cover it live as it happens at this hour. by just about all accounts, this is a face book phone or a phone application that makes facebook your telephone eco-system. that's a 1% move. facebook is still down 30%. no solis there for the people who got in early. so please do stay tuned for

that. let's check in about the rest of the market. sue? >> hello. about 19 hours from now, we will get the march unemployment report. weekly claims hit a forty month high. the highest since november. it was the third straight week of gains in claims and it surprised analysts. they were expecting a drop to $350,000. stock market is holding up pretty well. we're up about 5 or 6 points. oil is losing ground again today and the transports are down again as well. let's talk a little bit about this market. how important is the jobs report tomorrow given the context of the other data? >> i think that people are expecting that it would be a little bit weak and maybe they would revise last month up a little bit. they will try to put the

positive spin on it. don't be surprised. don't be looking for something. >> look what has happened. ism came out earlier in the week. market drop. weaker than expected. market drop. the weekly jobless claims numbers. higher than expected. that put a damper on the rally. and i think it's had an effect on the markets. >> what i think is interesting is yesterday's number came out first. they revised up but the market didn't much do anything. it didn't sell off until the ism number came off. some of the internals of the overall report. employment were much weaker. >> my point is that we had this big reflags trait out of japan. the weak economic growth. look at the reaction. weak economic growth i think is trumping that possibility of future reflags.

>> well, and it's also not going in where which is what is holding the market steady. >> easy money. >> some of that has to do with international tensions and for that we will turn it over to ty. >> war of words escalating after north korea moved a missile to its east coast. authorized the use of smaller nuclear weapons to attack the united states. what does north korea really have in mind and what can they really do? we know the north has missiles but would their standard artillery batteries not far from seoul be the real danger? are conventional weapons more the threat here? headed the 24th infantry division. general, welcome back. good to see you again. >> good to be with you. >> let's talk about some of the

conventional capabilities that the north might have and might choose to deploy. infantry, artillery. seoul is very close to the border. >> i frequently characterize north korea as an army with a country wrapped around them. 8 million in reserve. 70 submarines. now maybe a dozen nuclear weapons and potentially the capability to use them in short range against the japanese south korean u.s. military. very dangerous situation. it would be laughable on the face of it except we're not sure what this 30-year-old potential socio-path is up to. >> what are the -- are the hisks here that this kim jong un miscalculates and does something so provocative ether by attacking a vessel at sea or

lobbing shells into south korea that a major conflict might ensue? >> you know, again, you would have to inn terms of good judgment say the key to this is china and russia, not north korea. the chinese could not benefit from having conflict break out in the korean peninsula. i think that secretary kerry is headed to kerry. that's the right thing to do the russians will be asked which side are you on. we don't know what this military regime, a 30-year-old whose regime survival this is a criminal gang running north korea. we're not quite sure what he understands about the situation. i would be unsurprised by a provocation in the coming 30 days. >> i like your characterization of this being a military with a country wrapped around it. general, always good to see you. >> good to be with you. >> thank you. the south korean stock

exchange is called the cuspe. it has fallen only about three%. but, what does it have in common with, say, the nasdaq? you may be surprised to find out and we know the answer. >> one houses big tech names and the other represents stocks in south korea. looking at the charts from 2009 to present day, there is a strong correlation between the two mayor indexes and here is the reason. apple. many of apple supplies are listed on the korean kospi. suppliers include high mix semi conductors. which manufactures chips for apple. a tricky relationship as both compete fiercely. william blair expects apple's relationship to weaken going forward due to the high

competitiveness between the two material phone players and the ongoing litigation issues. >> thank you very much. let's go out to julia. she is at that facebook event. what's the latest? >> mark zuckerburg just took the stage and is saying how they are unveiling a social phone. instead of being based around apps first, but people first. he is talking about the time that people spend so much time on their phones with mobile devices so they are trying to e recon figure to make it work that way. sue? >> thank you very much. we're going to continue to check in with julia as the news warrants. as you watch mr. zukerburg on the stage there. tiler? >> on the phone is facebook watcher and author. david, welcome back. good to have you with us. >> we just want to know what's

going on with the people around us. >> i guess we're hearing mr. zuckerburg there. david are you there? i guess we don't have mr. kirk patrick. we do have plmplt zuckerburg away from being focused on applications or the operating system. and more on the people in your lives. so julia, what more can you tell us? is this going to be a facebook branded phone or what? >> we know that they're making this announcement on an htc hand set. i did see paul jacobs walk in there. i think that htc does make android phones.

it is supposed to drive people -- as well as texting and voice chat. >> thank you very much. david kirkpatrick. apparently we have established contact with you. >> thank you. >> do people love facebook enough to buy a phone that's built around it? >> i don't think there is any question about that. the one thing that i have always emphasized is you have got to think globally. those are the people who rely on facebook in many cases more aggressively and extensively than people in the united states do.

>> so as we understand it, this would orient the phone around the people who are your friends. i would so photographs of my wife, my child, what? >> zuckerburg is on stage describing what he is planning. what if we made our phones designed around people first. the way he thinks about it is not so much facebook first but you will see your friends first which is the way he thinks about facebook. facebook is the way you think about your friends. it is a big change in the way that people might use your phones but it will be popular. >> that's an interesting thought. we always circle back to steve jobs and to his sort of quality

as an inventor and a guy who could see around corners, invent things before we knew we had a need for him or a desire for them. does zuckerburg have that same skill? has he been able to repeat that? >> i don't think he has quite as subtle and sophisticated sense of that as steve jobs did but what he has done uniquely is maintained his long term vision that he acquired really a decade ago. something came out on the internet that suggests that when he was 15 he designed a social network that was a way to connect to people on the internet. this interest of his could go back as far as 13 years. thinking of a way to put that in electronic form has been his big vision from the beginning. he has been amazingly good.

because people have kept coming towards the vision you have to con seed that he has really seen before we did what we were going to want to do in a way that is not dissimilar to jobs. >> and how big this could possibly be when he was in the dorm room at harvard. as the stock moving up close to 2%, jump in here or ask a question. >> i'm going to give you an update. zuckerburg unveiled what he is calling home. he stressed that these are on andro android. they are not a separate operating system but taking advantage of the fact that the android system is so open this is working within the an troid operating system. the fact that he stressed that android is so open and easy to work with, i wonder if that is a dig at apple.

>> that has been a big focus. what kind of price point given what you know about the market do you think they have to bring this phone in at? >> here's the thing. facebook is not selling a phone itself. it is offering a serie of apps that will be available for free on the android app store. if you have an android phone you will be able to take your android phone, instead of downloading a facebook app you can download a series of apps so facebook becomes your home screen. right now they will be showcasing it on an htc android

phone. and htc based out of taiwan is kno known. >> you know him as one of the men behind the great enron fraud. he may soon be back on the street. see why. >> and amen is helping us keep the markets free and fair. he's live in washington. >> hi. the results are in from the government's first big investigation into political intelligence firms. those firms that sell investing tips based on what's going on here in washington. we went out and asked people a simple question:

how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪

>> best buy. one of the top percentage gainers. right now it's up 13%. the retailer saying it will offer a 30% discount on apple ipad tablets. they have decided to carve out prime real estate to create samsung. operator:ed boutiques. scott is reporting that the f m former enron ceo could get out of prison. it's not clear how much his sentence would be shortened under a deal.

a federal appeals panel ruled the original sentence was too harsh but a resentencing has repeatedly been delayed. >> the government report on the possibility of insider trading has just been released. this comes on heels of curious activity regarding health care stocks earlier this week. >> the report comes from the government accountability office. it's a long awaited report that was mandated by the passage of the stock act which limited congress's ability to engage in insider trading. now this new report is out and what they're looking at here are the so-called political intelligence firms. these are the firms that all the federal regulatory agencies for tips and tidbits that could be used to benefit stock traders that could be shorting and going

long. let me bring you a couple of the key findings. they find that nothing specifically governed the sale. and disclosure of material, non-public government information could be insider trading in some cases, but also that members of congress have a unique defense against that if they do leak such information they could use what is known as the speech or debate privilege of the united states constitution as a defense, saying that this was not, in fact, insider trading. this was just part of their yoen gong responsibilities as members of congress. this comes on a day when the wall street journal fronted a story which according to the journal sent out an e-mail alert to its subscriber earlier in the week about certain changes that were coming up in medicare payment policies. and that influenced the stock prices of a number of health care firms. and traders reacting to the report immediately began trading up the prices of those firms.

so clearly we're seeing real world example here in the case of securities. we have called them for their comment and they have not gotten back to us. >> all right. what i'm holding in my hand right now is worth nearly $2 million. there's no insider deal here this is worth almost $2 million. it's a baseball card. you probably know who the individual is on the card. it's going to make history tomorrow. there's an auction. we will give you the story behind the card coming up. >> and how much more could go wrong for carnival cruise lines? and where has the ceo been? the answers coming up. with fidelity's new options platform, we've completely integrated every step of the process,

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>> international airways group says it has ordered 17 boeing 747 dream liners. the aircraft would replace ba's current fleet of boeing 74 747 400s. shares of boeing up half a%. >> sticking with travel news. it's been over a year since carnival's ship capsized in 2012 claiming many lives and the troubles have not stopped for carnival since. there was an outbreak that hit the grand turkey carnival.

and then there was the fire that crippled the carnival triumph in february. get this. yesterday the broken triumph broke from its moorings. more damage occurred as a result of that. shares have been on a steady decline since. as you see they're done about 2% today. the stock has not been hit as hard as many would think. that raises the question. where has carnival's ceo been in all of this.

>> a practice criticized on "datelin "dateline." >> you're not going to see him at the scene of an accident or a fire. he didn't go to italy. he didn't go down to mobile. you will never see him at any of those types of catastrophes. >> more likely to be seen sitting court side at a miami heat home game. he is the managing general partner of the chach onship nba franchise. during an unwelcome spotlight on ericson. he has taken the company public and engineered acquisitions. the result, carnival accounts for about 50% of the global cruise market. it's made him a rich man. these days, maritime lawyer

tells cnbc that it's not involved in the day to day operations of the company, leaving that to lieutenants who are unfamiliar with the ships' day to day operations. >> thank you very much. the heat just ended their winning streak. >> sterling bank corps gaining ground after it agreed to be acquired for $344 million. that works out to about $11.12 per share.

>> sue, i'm going to show you one more time. would you believe this baseball card is worth $1.7 million? baseball cards were for cigarettes way back when. we'll have the man who is going to auction it off. and fast food workers walking off the job. and more power to you when power lunch returns. i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself.

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welcome back to power lunch. we are watching the dollar move to the lows of the session. it has surged on the back of the aggressive move. giving up some of those gains here and that is providing a little bit of a lift in the metals complex. gold certainly well off. folks noting that we have seen a big exit out of gold. copper, he is watching. he has seen more open interest.

back to you. >> that would be fascinating. thank you so much. let's get the trading action. again there is the divergence between the transports which were down 24 points. >> so we have got this reflags trade in japan versus the weak economic data, again. nice to know the japanese stock continues. a lot of the big names. we don't know. bottom line is japanese stocks. not so much today.

there has been a string of weak economic data. take a look at the sectors here. what can you conclude looking at this? you can't conclude much. >> stocks beaten up. >> that could be the international tensions, too. and pushing money towards safety. >> julia is at the event in

menlo park, california. >> he said this is really about switching the experience in your mobile phone to being oriented towards people. here is what he had to say. >> some kind of phone or operating system that only some people are going to be able to use. we want to build the best experience for every person on every phone. >> facebook is creating a new series of apps that work so you can basically launch facebook apps as you home screen. they are using home very spec l specifically. they want it to be the way you experience everything on the web. something that is called chat heads. a way to interact with

messaging. you can start off in an sms and switch between an sms to a group and fandango and all purchase tickets together without losing conversation of your chat heads. >> we are tracking the action at the cme. >> wow. look at the ten-year note yields. >> if we look at the jgbs, look

at an interday chart. that's not an error. dollar yen, look at the screaming value. if you think those two charts are wild, here is wild. holy cow. sue, back to you. >> that is an amazing chart. >> we now are seeing divergences between certain indexes. give me your sketch of how it

looks. >> we're moving into earnings season. if you think since 2009 when the market has been weak it's been strong during earnings season. when the market has been strong it's been weaker. and that's because earnings since the bottom have been okay. not great, not terrible. >> what about north korea. >> it's more of a risk off environment. i'm very bullish on this year. but i think we're moving in a period where it's more of a risk off. >> would you like to see a correction? almost everybody i talked to would like to see 5 to 10%. >> everyone wants a correction but with no bad news.

just an opportunity to get in but no bad news. >> where should they get in? >> that never happens. >> who knows what we will, ultimately. my suspicion is so many people are expecting that we have already seen a derisking. >> you have to be careful where you go into. we have already had a decent year. >> we have talked about this before. traditionally in the later stages of a bull market, this is the fifth year. i know that's hard to believe. growth stocks start to do well. especially as the fed is starting to contemplate changing policy which could happen sometime next year. growth stocks tend to do very well.

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♪ that's why southwest built a better rapid rewards program with unlimited reward seats, no blackout dates, and points that don't expire. rewards that actually reward you. we are southwest. welcome aboard. >> in today's yahoo! finance question of the today, would you consider buying a facebook phone? 3% yes, 15% maybe if it was better. 82% say no. i'd never consider it. i don't think i would consider it. would you? >> no. i am in the 82%. i'm not a big face booker. i'm interested in my apps. i'm more interested in my apps than i am in my people. there you go.

top 1% of keller williams agents worldwide. market stats. we will give you some of them before we get out to him. the average list price, $645,000 in san diego. the median sales price, $372,000. converts to an average price per square foot of 287 bucks. how would you characterize the market on a scale of 1-10 with ten being very high? >> this market is hot. it's ten. but it is really a tale of two markets. the lower end, what we consider anything under the conforming fha loan limit here in san diego county. it's moving quickly. the million dollar plus properties are a little slower.

>> unbelievable. i was at an open house and there must have been 300 people through. when you're a buyer looking at a house like that you must feel there is very little chance getting a house like that. that one is closed. it is a beautiful two bedroom town home. this is a good school district. the property went on the market and was immediately overbid. had 15 offers and went with an all cash buyer well over the asking price. >> you had 15 offers? my goodness gracious. >> in one day. in one day. >> 15 offers in one day. let's step it up a little bit to a 699 five bedroom home.

>> that listing was my former spouse and current co-worker. put that house on the market and that house was on the market for one day also. we spread from the under 500 to under the conforming loan limit. >> is that one under contract or sold or what? >> for well over the asking price. >> and look at the taxes on that. just over $8,000. for a guy in northern new jersey, that looks like a bargain. let's go up to the top of the market here. $1.95 million. a beautiful ranch.

>> kristy smith listed this, the listing agent with this property. and it is a really amazing home. what we're seeing is the longer market times with these luxury homes. some of the homes used to be selling in five, ten, into the teens of millions. and now they have come down substantially. the upper end buyers are the last ones to come out of the closet after this long recession. >> but that tells you just what you said earlier. at the lower end or the mid price. a tennis court. riding stables, i'm told and an inground pool. isn't that gorgeous? >> that's a really good deal for that home. >> i got up this morning and it was 28 degrees. i'm so jealous. what you said is really true. at levels you are having these bidding wars. some of the higher ends are taking a little longer to come back. that's why that one was on the market a little longer. >> different places around the

country, a million dollars is not the low end but here it is. people will shake their heads but that is the state of the economy. we have got really booming economy. between the qualcomm engineers. even our commercial sector, we have 250,000 square feet of commercial real estate and the vacancy rate has dropped low for the first time since 2006. >> jeff, thank you very much for being with us. continued good luck to you. >> thank you very much. >> maybe one of those buyers would like to look at this. it's worth almost $2 million. it's a baseball history. just a couple of hund of these. maybe not that many were ever printed. its online auction right now. we will talk about it more coming up.

the htc will go on sale april 12, the same day that facebook's new software will become available. >> hi, kate. >> the huge hedge fund has struggled of late but really seems to have turned things around. i just learned that most of their year to date results are in the black for the first time in a while. their umbrella funds are up 3.6% and 2.9%. those are two to watch. their recovery fund which they launched several years ago with financials and other components is actually up 14.2% year to

date. the one lagger here is their gold fund. but it remains down. that is sue. >> jumping off the fast food workers. fast food workers having extra pay. in massachusetts, in one mcdonald's, they are demanding that their cash yeiers have a

bachelors degrier. >> we have an overeducated work force. >> that tells you the level of chooseyness. >> it's the downgrading of college education. it used to be a window into a much better life. now it's a window into the mcdonald's fast food aisle. >> just another example of how

money can divide a family. >> it all started. gene pope founded the national inquirer. she got half of it. the son wantsmore. he has been asking his mother for millions and millions a year. this is what happens when a family has a lot of money and no real occupation. >> they are very lucky they sold the national inquirer that they did. th that. >> a most valuable baseball card ever. ken golden. it's a 1909 wagner card. how many auctions are there? >> for this there is none. this is the first time a card like this has been available.

>> how many were this? >> recalled to be destroyed. >> why were they destroyed? >> if you turn over the back you will see there is an advertisement for tobac wagner did not want kids to have to buy a tobacco product to get his trading cards. so they destroyed the cards. they sent him the proof to prove they destroyed the cards but maybe five or six dozen managed to get out. there are 44 that are authenticated today and this is the single nicest one. >> this is a jumbo card? why? it's petite? >> the borders are a larger size which gives it extra border around the side. for collectors it is made sure that they know the card has never been trimmed or tampered

with. the current bid including buyers' premium is $1.73 million. we expect that to procure 3 million based on the average weight of the wagners. >> this sold at the depth of the recession for how much? >> $1.62 million. >> the current bid is? >> including buyers' premium is $1.73 million. most of the bidding we anticipate will come in on the last day. >> who is buying? >> i used to tell people three types of people but now i found the fourth. the first is a trading card collector who saved their whole life. and this is the holy grail of all sports cards. second is like a guy who owns the diamond backs and wants to own the best of the best. they want to own the best. third is a plain old investor who looks and sees that

nobody -- you realize nobody in the past 20 years has bought a wagner and when they went to resell it lost money. i can't think of anything like that. here is a fourth. what if you own a chain of retail stores and you own a product and you want to use this card to promote that card. you hold the card, take it on tour and then you give it back to me. >> i got a fifth guy. alex rodriguez. >> russians who have just gotten their money out of cyprus and japanese who want their money out today. >> why would david want to buy a baseball team? why would mark cuban want to buy a basketball team. this is the number one sports collectible in the world. >> how much more time if i want to bid -- >> if you want to bid you have to call our auction, golden

auctions. hit info. get approved to bid. you have until 9:00 p.m. friday. >> all right. i'm going over here. lori, can we log in on golden auctions? >> you have to put a million at the end of it. >> bring it home, will you sue? >> i will. i wonder if he has my credit card. i hope not. and a check of the market. we're up 33 points.

>> all right. take a look at lulu lemon. a little bit of a rebound there. its product officer is stepping down effective april 15. the company says it's part of a long term reorganization plan. >> delta is suing the import export. delta is up just under 1%. and the markets right here overall trading on the upside. the