>> i think they're going to be. >> wells fargo going into things tomorrow. >> lcc, u.s. airways. >> power lunch starts right now. >> halftime is over. the second half of the trading day starts right now. >> 3-1 advancing to declining stocks. >> questions and concerns remain. can this economy sustain the rally? plus two ceos with big issues on their hands. the ceo of sanofi is here as he tries to fight a bird flu outbreak. and the ceo of first solar. how viable is the industry and the stock.

lots of questions and lots of answers. today on power lunch. >> and we are walking on sunshine here every day on power lunch. how high can the market go. how high is the sky? we are closing in on dow 1500. always walking on sunshine, michelle? >> let's get the trading action here. bob joins us on the floor of the new york stock exchange. a third of the dow 30. that would be ten, hitting new all time highs. >> she does math for me. >> that's a point. the important thing is the threat of the rally. when you see all of the names, so health care and consumer

staples are all up just like material stocks are up. that's a broad rally. that's a broad advance. >> we had a big report out of ibc. bc sales declining faster than expected. more importantly, smart phone and tablet sales are cannibalizing pc sales. i think this was a very bold call on their part. but i thought this piece was very well thought out. you don't see devices to find location or anything like that doing well any more.

also back with us, of course. back to the studio. big question. can the economy sustain this rally? what do you think? >> i don't think the economy is anywhere good enough for what the market is telling you at all. i think it's way, way, way ahead. >> steve wants to jump in here. >> i want to show you a chart that is right in line with what you're thauking about. >> you need know introduction. >> stocks and job growth. at first i want to show you the long term chart. it didn't matter. okay? it didn't matter.

>> the market could be anticipating this and be right where the economy is going to be. >> i am going to pause here and bring in your friend and sometime debating partner with breaking news. >> we just auctioned off 13 billion 29 year ten month that was originally auctioned in february. the yield? 2.998. and 2.49, a bid to cover that's

light compared to a 2.59 average. dealers took 49.3 c-minus. they didn't get it. they had to scale back in the dutch auction. not as pretty as i would have suspected. back to you. >> bob, you just saw steve talking about, comparing the s&p versus job growth. earnings so far are going be okay. and the market saying that the fed is going to keep his foot on

the floor. >> michelle said we want to be true. but when i look at that chart it's a better fit when jobs lead stocks by almost four months. that would mean we get top line growth that would finally free us. >> that goes right to the point, steve, of the role that the fed and the stimulus programs claim. >> i want to bring up another data point. showing that in february, corporate executives sold off. how nervous should we be that so many executives. >> they are not stupid. they ought to be selling. >> if they thought they would be going higher, they would hold on

to them. >> they are also not 100% of their holdings. if the stock goes higher they still participate. >> and they get more stock all the time. now it's maybe not such a bad time because the prices are higher again. >> there is no evidence that these guys are any better at picking the market, the timing of the market than anybody else. they tend to do share buy backs when stocks are high. it is the -- >> we're going to leave it there. one of the big stories today is one that bob mentioned a moment ago. pc stocks taking a significant hit. the wind tell architecture there right in the not so sweet spot of this sell off. the research firm reported a

worldwi worldwide. >> that 14% drop in worldwide pc shipments that you just mentioned marks the fourth consecutive quarter as more consumers shift to smart phones and tablets. it's the worst quarter since they began trading back in 1994. what's more? it's clear that the windows 8 launch failed to provide a positive boost but appears to have slowed the market. goldman sachs downgrading microsoft shares in today's trade. who is still owning the space? hp remains the number one vendor. dell in second place and apple in third. keep in mind pcs do make up a significant portion of their total revenue and apple has been

able to social the losses associated with the pc business with smart phone and tablets. so overall, not a great day for tech. i'm going to come back with some of today's other business movers over here. >> we will talk to you when we see you next time. >> a mixed bag to share with you. costco and t.j. max reporting. apparently chilled shopper's enthusiasm. >> and re-establishing the home

affordable refinance program from two years to the end of december 2015. there you see the mortgage makers higher. walter investment up nearly 10%. >> leaving the hamburger for the catsup. he is going to become the ceo of heinz. >> first quarter sales fell more than wall street expected. burger king approving a 20% increase in dividend and a buy back of its stock. let's take a look at burger king shares. up 3.5% at $19.12. michelle? >> next, a stock that's up nearly 50% on heavy volume. jane wells will be live. life has taken a turn. >> we are expecting, michelle, a major development today in the

case. up next we're going to have the very latest on the two men on both sides of what was appare apparently an fbi sting. the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. but i wondered what a customer thought? describe the first time you met. you brought the flex in... as soon as i met fiona and i was describing the problem we were having with our rear brakes, she immediately triaged the situation, knew exactly what was wrong with it, the car was diagnosed properly, it was fixed correctly i have confidence knowing that if i take to ford it's going to be done correctly with the right parts and the right people. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. did you tell him to say all of that? no, he's right though...

>> the stock of the day? akad ya pharmaceutical. really big mover. 58%.

as a result, it will not need to conduct an additional trial as it had originally planned. >>my to that insider trading scandal now. >> today, london, was caught in an fbi sting allegedly passing inside information. two friends, there were an la times report that a sting happened. you know, his linked in profile actually still lists him as working for kp and g.

who was he meeting with? who was that friend? according to brian shaw, it was him. brian shaw who owns a jewelry store inside this building in the heart of the valley. the security guard telling us they will be gone until monday. he was concerned that his friend's jewelry business was hurting. >> his life is ruined. he has lost his career. he may have to do some jail time. that's the best case scenario. it's a very grim reminder of anyone who wants to leak insider information. >> all right. now that friend, i just spoke with his attorney on the phone.

shaw says he received non-public information. he then profited for. and he said i cannot begin to apologize for my incredibly stupid actions. shaw says he has been cooperating with the feds for months. we have only heard of herbalife and sketchers. la prosecutors hope to file charges against him today. >> thank you very much.

>> it has been a rough, rough session for anybody who bought that. hasboro hitting a high. beginning coverage with an 84 $price target.

instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers.

>> all of these records may be getting a little repetitive but they're enjoyable if you're in the market. >> just this we'll, delphi rescheduled its investor day. they moved it to september 26. today kfc said sales would be hit because of the bird flu scare and shares apparent today are higher by 23 cents. authorities there say they have seen no signs however that sor far it cannot be passed from

human to human. thus far only from bird to human. in some parts of china, people are wearing masks just in case. we're pleased to with us with the chief executive officer of sanofi. one of your biggest products is flu vaccine. what can you tell us about the situation in china? is this at risk of becoming some uncontrollable pandemic over there? >> i think it's premature to get too worried at this stage. we're certainly looking at it.

>> quite literally, they said nothing to see here. move along. and it was disastrous. completely disastrous. do you agree they are handling it much better this time around? >> you have to answer. china has made huge progress in all of its public health and health care systems. they are investing significantly in this. i think the whole health care authorities are much better placed to evaluate this. and of course we have had a few

of these scares before so people know where to look on these things and are trying to isolate this. the fact that they are restricting poultry sales is a good sign. >> each yore over the next five years you're working with the university there to develop a universal flu vaccines. that means you wouldn't have to create a new vaccine for every strain? how long will this take and how much money would that bring to the company? >> well, this is very early stage. you're exactly right. right now the issue is that the flu virus that comes along every year is not exactly the same. there have been traditionally three strains in a flu shot. and we normally change one or two per year. this year our manufacturing colleagues have introduced a four strain process.

it still means you have got to get a flu shot every year. what we're looking for is a vaccine vaccine. >> let's send it over to josh lipton. he has a big market flash. josh? >> we checked out chipotle mexican grill. it took a sharp drop. it is chipotle. he said that gourmet burrito is

an oxymoron. tyler? >> i like their burritos. i think they're pretty good. >> we will be right back after this short break. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future.

♪ ♪ oh, oh, all the way ♪ oh, oh

>> once again, it doesn't hurt to look at the screen. >> another day, another high? >> what's interesting is you look at the volume there. 340 million shares, that's on the floor volume and that's just

about average i don't think that necessarily is a bad thing. a lot of people are saying gee, now that we're at new highs, why aren't we getting more investment enthusiasm? a lot of people are concerned about that. remember, the very simple rule here. that's the definition of a broad market rally. everything is sort of advancing at this point. here is some of the pc makers that are weak. the refiners as well are on the weak side. finally the call of the day. barclays call downgrading but it's not dramatically killing the sectors. >> it's got to be related to the

decline in pc sales, no? >> the decline is hurting these computing chip companies. >> thank you, bop. >> let's get you a check on oil at this juncture. this is brent. this is the big london trade which is here in the united states. right now sharon epperson is tracking the action. >> gold is getting a bit of a lift. we are continuing to watch. out today. talking about the fact that they believe gold will hold around the 1500 level on the gold

market. in terms of elsewhere in the metal space we're looking at higher prices across the board. michelle, back to you. >> all righty. let's head to the nasdaq now. first, reacting to the data on the sector, remember some of these companies that are used in the pc space. a slower growth profile in semis. interestingly enough, take a look. >> thank you so much.

tracking the bond action at the cme. at that last auction you gave it a c minus. what has been the overall impact. could it be that people are buying stocks instead of bonds? >> i think there is definitely some of that going on. i thought that sam yesterday and many of the discussions about sam today really missed the point. yes, you almost have to whether you like it or not is a sue per flus issue. a lot of times after $66 billion in supply you see a little bit of rally. not a great week for supply. now let's switch gears a bit. if you look at the euro currency you can clearly see that it's moving higher.

>> earnings for the next three years are going to paint the estimates and not by just a little bit. the solar panel producer was also on an acquisition trail. joining us exclusively is the ceo of first solar. they run the . >> there is skepticism there.

there is skepticism in the form of short sellers. how do you answer? >> there has by a diversity of opinion for a while and that's understandable. what i tend to focus on is we gave an outlook that covered three years. but when you look at the we have held back on providing guidance while there was a degree of turmoil until we felt that our new strategy and global platform was in place and we had adequate visibility. some analysts are believers and some are skeptics. and i understand the skepticism and we take it as a challenge that we have to execute and

prove to investors that we are going to deliver what we have indicated. >> if you look at the two-year time period and not just the one year we exceeded most consensus efforts for most years. >> one of the questions about the industry and i maybe trace some of my own ignorance about it is whether the industry can truly be profitable without government subsidies. can it? >> there is a lot of misunderstanding

misunderstandings. >> there is numerous circumstances where that's not the case. many parts of the world, remote locations, burning liquid fuel. >> what is your average cost per watt and how does that compare? >> if you look at the panel itself, our average cost per watt today is in the 60s. but we're going to below 40 cents. >> how does that compare? >> in parts of the world we are competitive against natural gas. any place lng is used as the fuel of choice we are competitive against that. that pricing, the cost, solar

costs have fallen so dramatically so fast many people do not understand how many circumstances we are now competitive. >> thank you very coming by. we hope you will come back. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro.

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. ♪ a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪

since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at ducktherapy.com. cnbc's phil lebeau getting a rare interview. what did he have to say about

the boeing dream liner program? there will be a crew of engineers from boeing flying to work on fixing the grounded 787 dream liners. here's what he had to say on the question of how frus tated were you? >> very much. >> is going be charged with a

federal conspiracy. information that he allegedly traded to his friend. he would sometimes disclose confidential information gave london tens of thousands of dollars in cash. typically arranging for him to meet on a side street in order to give him bags containing $100 bills wrapped in 10,000 $bundles. worth an estimated $12,000 as well as jewelry and concert tickets. based on .

>> the share from the illegal profits from trades about decker's february 2013 earnings announcement. there is a lot more about the information. one more thing about herbalife. scott london said that none of his information had anything to do with heralife, he told and it's recorded on the phone that london learned that herbalife is going to go private. you just start buying in small blacks so it doesn't draw attention. then it doesn't look unusual at all. apparently it did look unusual.

guys x back to you. >> power house time. let's take a closer look at some of the metrics on the dc met troe. average day is on the market. 59. let's go to the first listing. evan? talk us to it. it's on o'tis street. it has four bedrooms, two full baths.

>> columbia heights off of columbia road. people might know that neighborhood? >> it absolutely is. >> we used to call those row houses in d.c. but they have been renovated. this is a classic dc row house? >> it is. they are still row houses this one just has a nice renovation to it. >> this unit is a one bedroom plus den, two bath.

>> you don't want to see the wizards. let's go to what we're calling the power house of the week. price is $1.4 million. five bedrooms. been on the market 25 days. a renovation in 2012. the owner's unit is three bedrooms. two and a half baths. open kitchen with gourmet appliances. backyard as well as a two-car garage which was pretty uncommon in this area.

look at the skylight? >> that's for the lower level. >> fantastic. we thank you for being with us. if you're interested in washington d.c., you know the guy to see. he will take you to some of those listings. we'll be back with more power house next week. >> i would love to live in washington, tyler. >> yes. >> she said jokingly. an op ed today in the washington post has people talking. we're going to discuss that next. >> today it's snowy minneapolis. >> literally bombarding on these folks' lunch. we have an opportunity to wrap up the road trip.

we have the mayor and local money managers with investing ideas. and we're going to show you a list of minneapolis list companies that are at all time highs. i will show you under the radar companies in what is a business capital of the midwest and has very delicious french fries. can i have this? are you sure? they worked the target.

>> welcome back to power lunch. i want you to check out herba life here which is spiking. the sec has charged scott london and his friend brian shaw with insider trading. we heard jane wells talking about that. in recorded conversations, london told shaw specific details.

>> zuckerberg saying we have a strange immigration policy for a nation of immigrants and it's a policy unfit for today's world. we need a new approach including comprehensive immigration reform with effective border security that allows a path to citizenship that let's us attract the hardest working people, no matter where they were born. we invited mr. zuckerberg to join us but the company said there are no additional comments and the op ed speaks for itself. >> a lot riding on the whole immigration debate. that's why zuckerberg wrote this op ed.

>> who said, obviously, there are not enough u.s. citizens for the jobs they had to fill. take a listen. >> on our website, we have job openings for more than 800 engineers that people can go and apply for. we want them to, if they're qualified for these jobs. we can't find enough workers. so we really need to fill that gap and having a working immigration system is an important part of that. >> that's a big part of what mark zukerberg was writing about today. take a look at san jose state

university. a lot of couples just won't take them if they are not citizens even though they are well educated and have good grades. >> it's not controversial here but everybody knows here the execs included that's going to be hard to get things done. >> julia joins us from los angeles as well. weigh in. this is not a new industry for technology. back in 2008, bill gates testified in front of congress about this very same issue. the tech sector has long been frustrated about the ability to get the talent they need for the united states. >> i hear about this all the

time when i'm talking to start-ups and he also feels like it needs to be fixed both for facebook and for the industry as a whole. and i think it's really key to notice that there are people from both sides of the aisle coming together to make a difference. >> yahoo! google, ebay, sun mike systems. john? all of them have immigrants as their founders. maybe google would not have been founded had they not made it here. >> that's not counting companies like linked in. the ceo now, there has been a

big change. it is absolutely kind of a heart issue for a lot of entrepreneurs here. the last generation of silicon valley leaders? we didn't see this. >> even though mark zuckerberg is going to benefit from this and facebook is going to benefit from this but i wouldn't be too cynical here. he wanted facebook to be a social utility and i think he wants to use his money and power to make a difference.

>> documentation should be made easier to obtain. 67% said we should place greater restrictions on immigration. we will show them to you when we come back, right after this. ourd technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis,

staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in motion. because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. celebrex can be taken with or without food. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood pressure or when nsaids are taken for long periods. nsaids, like celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. don't take celebrex if you have bleeding in the stomach or intestine,

or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. get help right away if you have swelling of the face or throat, or trouble breathing. tell your doctor your medical history. and find an arthritis treatment for you. visit celebrex.com and ask your doctor about celebrex. for a body in motion.

>> the games seem to be slipping away a little bit here. nasdaq is now on the douw, urba outfitters and first solar. >> that was an interesting conversation we had with him. he thinks and i wasn't surprised when he said he can be profitable even without government subsidies. interesting show. michelle, great to be with you as always. >> we can hold this rally all the way to a