w friend ♪ ♪ got a robot vacuum ♪ cleaning up my life [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> markets remaining near record levels but s&p is starting to get a little nervous. see what they're saying about the life. that's ether a caution light or an egg yolk.

barney is back here with a former all powerful chairman. the man of the financial services committee is saying at the big investment conference in vegas today. and cashing in those miles. those seats look so comfortable, don't they? see how difficult it's getting. they are making it much more difficult to redeem the miles that you have earned. first let's go to sue. >> good to see you. the nasdaq hit a new 12.5 year high. the douw and s&p remain near their all time highs. we look for a pull back of 8-10% to develop.

>> the market was actually experiencing a mild afternoon lev tags as we speak. there is that sense around. would not trade to the july fourth day. >> when was the last time we had 10%. 2011. >> i don't know. five year lows and jobless claims. i mean, doesn't that give you a little bit of cause for some cheer at this point. maybe the jobs situation is inproving. >> i think what people are looking at is you have been up

56 out of 88 days. to have that kind of winning streak in a year is almost unprecedented. >> so to the individual investor who is not trading this market. we are talking about those who will be investing longer term. maybe the way to do it is invest on a regular basis and do things like put in, you know, stop losdss. >> that is one of the most prudent ways to investment it will buy you more stock. >> thank you both. >> it's the 30 year up for auction today. yesterday it wasn't a good auction. how about today? >> what a difference a day makes. the yield on the 16 billion 30

year bonds? 2.98. the one issue market. 2.99. offered it 2.98.5. that's a good thing. demand base. this was 2.53. 38.8, a little better than a 10 auction average. dealers took 45.7. we love when they take less than 50. on a demand grade, b plus. and we are now $72 billion, more paper in the street due to those auctions. >> rick, thank you very much. b plus from the professor. the dough is up just over 20% from its november low. that means it qualifies for bull market status.

here is a look at the stocks that once were in the dow that still trade in some form. they have gained more than 30%. the best performance in our departed from the dow club, navistar. the only two stocks of the 12 that were kicked out that have fallen since then? sears and u.s. steel. they are the ones with the biggest gains. >> it has been these type of

companies focused on making sales. generate most of their revenue within the u.s. those stocks are up about 15% this year compared to 12% for the broader index. this portfolio is outperforming. along with that, telecom and utilities. investors are on the hunt in this current low rate environment. there is higher confidence in the u.s. economy. a stronger than expected jobs report. europe is still in recovery mote from the debt crisis. we have seen slower growth from china and india. what names made the list? the biggest companies include

att, wells fargo and cvs care mark. all of these stocks are trading below the s&p 500 priced to earnings ratio. >> thank you very much. >> what do the hedge fund managers think about the record breaking markets. >> who better to speak to than lee cooperman, the great investor. he is up 14% this year and had just a tremendous 2012. he gave us his opinion on where the markets currently are where is where they could go from

here. >> the fed moves away from qe 3 and we have a 10 to 15% correction. qe3 will be with us until the middle of 2014. you have got to stay involved. >> you know, again, lee cooperman, who also, by the way, said that he did get back into apple through options in the low 400s. much was made in 2012 and also, by the way, bullish on facebook. it moved the stock. >> we think that people are

underestimating the. >> the kind of things were normally involved. a lot of wind to their back. >> that's what happens. >> talking about facebook, the stock does get a pop. if you're long it goes up, if you're short it goes down. he is considered the bond king. we asked him where treasuries currently are. they are not a terrible investment but it does depend on what your time frame is as to whether they're a great

investment. >> the investment that everybody loves to hate. actually returned. about 3.5% annualized. it's not great but it's not bad. i think that will continue. he said if he had to choose between the two, that apple looks cheap. >> great stuff from out in -- las vegas. >> i was kind of surprised to see that you were going to be out because of your past role as a regulator. a lot of people took issue with

some of your stances when you were in washington. what are you hearing from them out there? >> these people don't like to talk with someone with whom they might disagree but i have not found that to be the case. i have not had a chance to listen to as much talk. that's the nature of these things. i talked to people. i found one guy who was critical. mostly people were just interested in what i thought was going to be going forward.

>> it is being all the time now, forms that majority rule. until the senate agrees to change the rule, you will have this problem. you have gotten bills that go through the senate with 57, 56 votes and they failed. the reason for the gridlock, frankly, is that the voters in 2008 and 2010 and 2012 gave very mixed opinions. we didn't have gridlock. gave him the reform that he had asked for that bush couldn't get from the republicans. just before the presidential erection.

hang paulson had given us one of the ideas. i really do believe . >> we have to take a quick break and then we're back with congressman barney frank. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work.

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>> back now at the investor summ summit. >> you introduced the topic of fannie mae and freddie. driven in part by some accounting charges. the company got about $116 billion in bail-out money. how would you in a fannie and freddie and what do you think should happen to those two? >> clearly they should now be

abolished. >> some of us did try to stop the sub prime lending. people forget that. the bill with another democrat to start sub prime lending and it was stopped by tom delay who said it was a violation of free market principle. when i first became the chairman, i worked with hank paulson and we put the rules into effect that stopped the bad thing, gave them the power to put it in conservatorship. i think that's pretty good. what i think should happen now is they should be abolished.

>> almost everybody who is in the housing market. >> and the way that people are moving, i believe, some republicans and administration is to have available a guarantee that can be purchased by lenders who want to have a 30 year fixed rate mortgage priced to pay for itself. and i think that's the likeliness. they will be replaced by a mechanism.

that will guard them against the interest rates. >> before we let you go, a quick question on main street versus wall street. we see the dow jones industrial average making new highs on a closing basis. >> my last vote in december to raise taxes. we imposed two cents that had been taken off the social security payroll base. that was agreed to before. that

that's. >> that has no negative effect on the economy. it is also the case that it is the wrong time now to be doing the deficit reduction, though. i want to see a year from now. i wanted to be in america's wildly overextended overseas involvement. but, if we continue now to make the kind of cuts in spending we are nutritioning and we just did tax increases, that's what is slowing down the overall economy.

>> it's good to see you. >> thank you. >> thank you. >> it may be the largest bank robbery in history. scott is on the case. scott? >> a huge heist. but without a gun or a mask. this is bank robbery 21st century style. we will tell you how he pulled it off next. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing.

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>> the feds busting an international cyber bank hack that funneled millions of dollars from atm machines in manhattan. here is the latest. >> it is a wild story. 2.8 million dollars in a matter of hours in manhattan but that was just part of a bank heist that actually stretched around the world. >> this was the largest theft of this type that we have seen this was a 21st century bank heist that reached through the internet to span the globe. this cyber crime organization used laptops and mallware. >> authorities say they are just the new york cell in a global crime ring.

>> they become a virtual criminal flash mob, going from machine to machine drawing as much money as they can before these accounts are shut down. >> take a look at a map of the atms that they had in a matter of hours. operations like this played out around the world. third party credit card process processors. the issue is maybe it's not just atms.

they were into these bank systems and into their software. >> they could issue new pin codes, raise the credit or withdrawal limits there. how did the -- how did they get the cards that they needed to get the stuff out? >> they are prepaid debit cards. you could get those and punch in an account number. they have a pin number from the other part. >> so it was prepaid debit card. they used that to get into the atm and then they have the pin, no limit and they walk away with cash. >> if they are doing this with atms, what else are they doing? >> today we're visiting charlotte, north carolina. find out how much home your money buys you there when we come back. and looking for a frequent flier seat? good luck.

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>> have you look at amazon, which is at the highs of the session here. on a dow jones headline. a wide ranging line up of gadgets to expand its reach beyond its kindle fire line of tablet computers. they have a smart phone that allows for 3d images. amazon up about 1.4% right now. sue? >> thank you very much, josh. all right. gold prices are closing right now. >> right at the strike price of 12.50 or 1300 an ounce.

meanwhile looking at the economic data. it was rather week. keep an eye on platinum and palladium bucking the trend. >> right down here on the floor of the new york stock exchange. close to the highs of the trading session right now. we're talking once again about the s&p report and what everybody else is talking about is where is the correction. we haven't had it for a long time. >> it has been 3% corrections. the last time was back in august you see that drop of late in 2011. that was the issue there.

take a look at the home builders. yesterday, they are moving up. media stocks are moving up nicely, too. that's a nice move up. look at that, 5% for them. semi conductors. just talking about the stocks and it has just been on fire. we will see six days in a row we are about to break out here. >> and not to be left out, the nasdaq hitting a new 12-year high for the ninth straight session. >> and news corps is a big

performer. at a historic high. the cable properties were good. living dead, the walking dead. this was a $50 stock back in august. >> and the prices are getting lower, sue. >> to the bond market now where rick returns tracking the action for us. >> we had a good auction but more importantly that was the last auction. yields popped up on the 830 drop

in initial claims but they went down after the supply is out of the way. opened up the charts for one year. last fall, 180 to 2%. that was a big range. 180 is the pivot. it's basically the high yield of the day. the dollar yen right now is at 9980. i think this is a day we go over 100. we want to watch this trade carefully. >> that was some move in the yen dollar story. thank you very much. facebook currently trading. let's take a look at where facebook is. there it is up 21 cents. nice comments mentioned a while back about facebook. that moving the stock just a little bit. at&t has cut the price of its first phone to 99 cents.

up to a billion dollars. this to court mobile users. >> also, expanded its relationship with starbucks and it has a new five-year agreement there. >> hey tyler. not all airlines are the same when it comes to having seats available. southwest is tops on the list followed by air train. the legacy airlines.

the global ones. they are farther down the list followed by united and alaska. there you see a couple towards the bottom there. the last place tied between u.s. airways and delta. >> there is a tremendous. >> jay has been doing the survey for 40 years right now and what he finds is your odds of getting upgraded when you are at the kiosk, they are pretty limited. the likelihood of getting a frequent flier seat if you are on a value airline, 96%, which is much higher than anybody would have expected.

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>> that's all coming up on street signs. top of the hour on cnbc. back to you. >> mandy, thank you very much. shares soaring right now. the electric car maker reporting its first quarterly profit ever. raising its outlook as well.

>> 38% say not yet. but maybe. 32% say no. >> barret jackson ceo is here to tell us how to grab a piece of the action. >> thank you. pretty impressive. >> you like what i have done with the place. >> it's great. >> maybe things dropped off a

little bit during the economic crisis. >> absolutely. >> but the great cars, scottsdale this year, we did $109 million and set numerous world records. and we're on an uphill.

more bidders. first time bidders about 50%. >> we sold that for 2 million $35,000. but the bat mobile rocked the house. some people said it's only worth x. i said it's a dual car. it's a one-off concept car that got turned into an american icon. >> it's like buying a piece of american art that is incredibly rare. >> surely. it went to a private collector.

i was hoping someone like the smi smithsonian or henry ford museum. >> how do you grow the business from here? obviously it is growing fe nomly well. >> we have been on tv now for 17 years. our website gets huge amounts of traffic through it. >> barrett jackson is going to be right in the middle of that. we actually may think of doing something here in the east coast. >> let us know if you do one in new york city. >> up to you, ty. >> thank you very much. power house time. how much does your money get

you? >> it typically takes about 89 days for the average listing to move off market. let's go to our first power house of the week. it is at two -- excuse me, 863 old bell road. and the asking price there is $204,000. it looks like a rather unprepossessing house. tell me why i like it. >> you like it because it's wooded. it's close to the south park area, which is a chosen area of town. for a first time home buyer you couldn't beat that. >> and look at the taxes on that. this is three bedrooms, two and a half baths. i would call 1700 square feet a

fairly compact house. am i wrong? >> that's correct. that's why it's a first time home buyer. >> let's step it up to 217. this is in the lake wily area. this is a nice-looking one at $515,000. describe it. take us through it. >> this home is five bedrooms, three and a half baths in a lake community. has a chef's kitchen. an absolutely beautiful porch to look out. it has canoe s s. >> i'm telling you, i pay $2100 a month in my town in new jersey. i'm coming back to my roots in

the south. >> i would be happy to sell you a house. >> i bet you would. let's go to the power house of the week. it is at 2008 shirwood avenue. four bedrooms. >> thank you. great to have you with us. great to be back. >> thanks. >> all right. coming up, it's known as the fifth major and golf's richest

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>> monster beverage falling after reporting weaker than expected quarterly earnings. and orbitz moving higher, aided by a tax benefit. revenues rose 7%. ty, up to you. >> ricky fowler has been crowned as the face of golf's future. >> playing quite nice this

morning on the course. great weather. nice to play in warm weather down here in florida. got to a rough start. >> and this is obviously one of the biggest tournaments of the year. you're known for your understated dress. you're kind of laying low look with the pink hat and so on. how did you come to adopt that style? >> some of it came from the cross over between golf and motor cross. some of the stuff you wear with helmet and jerseys and leathers you don't just wear flame colors. usually a bit of flair to it. transferred it over to the golf course and it was a great partnership when i turned pro. i have partnered with puma and they have given me endless opportunities. >> red bull is one of your sponsors. how does some of the traditionalists in the game accept some of the statements

that guys like you are bubba watson with the pink driver bring to the tour. >> this is a particular type of cour course. >> who does it size up well for.

it takes some of the advantage of being a long hitter out of it. it's nice to see them playing well. >> that is a lawsuit that has now been filed by b.j. saying a multiple event winner and multiple major winner over how the tour handled his use of a nutritional sup limplement that involved a banned substance and reversed course. do you have any view on that.

took away the suspension. i thought it was handled great. just kind of -- definitely an interesting kind of topic going on. >> really, good luck to you. hope you do well this weekend and for the rest of the year. >> thanks guys. >> thank you very much. >> sue? >> final check on the markets straight ahead. a new coach for manchester united. and don't miss steve's exclusive interview with jack lew, coming up tomorrow. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer.

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>> it took just a day for man united to replace its united coach. >> and there you see the trading number. that will do it for power lunch. sue? >> street signs begins now. >> does it really deserve to be an $8 billion company? also in the street signs, garage say the stock market. that is quitely been beating the big caps and