goes much lower, short all the coal stocks. >> stephanie? >> boise cascade. >> mr. murphy. >> oracle. buy oracle here and use the recent low as a stop out and ignore stephen weisss. >> does it for us. i'll see you at 5:00. follow me on twitter and "power lunch" begins right now. good afternoon, everybody. two major store thinks hour. the bulls are back on the run. the dow is up, and a major change in how this country views marriage. sue herera kicking things off for us at the myse. >> it's a big market day down here, a triple-digit advance on the dow jones industrial average. let take a look. the dow is up 104, almost three-quart efforts of a percent at 14,864. the s&p, last trade on the broader-based index is trading up 11.25 at 1599.29 and nasdaq up 33 points on the day at

3171.75. gold and silver very much on our radar today and this is the reason why. the gold market down $45 on the trading session. that's a loss of 3.5%. silver actually on a percentage basis is having a much tougher session. it's down almost 4.5%. the crude market, the brent crude contract, slightly to the positive side. in terms of yield, everybody is watching mortgage rates. the ten-year note and keep in mind we have several auctions this week. the ten-year note is yielding 2.756% on the trading session ahead of yet another key auction which we'll get to with rick selly in a second. josh lipton here with me on the floor of the nyse. what you you watching? >> blue chips racking up 107 point. talk to strategists and traders they will pin a lot of this on central bankers. policy-makers around the world, a lot of talking from china to europe. a lot of calming word. if you look at the s&p today and your benchmark gauge, you'll see a more defensive tone today. it's health care, it's staples, it's utilities that are pacing gains. you hit on gold for good reason.

it's at its lowest in nearly three years. look at miners, just some on our radar, sue. >> with losses of better than 5% on most them, 7% on others. josh, thanks so much. >> you got it. >> see you a little bit later. >> noah black steen joins us, manages about $2.2 billion and right next to me is joe greco, managing director with meridian equity partners. joe, i'll start with you. how does the market feel to you today? mean, what's the volume like? what's the vibe this you're getting from the market today? >> i'm getting a vibe that no one really wants to stick their neck out right now. we're in a -- you do the calendar calculus, no real catalyst because, of course, the official end of the half and the russell recons strugs on friday. next week is a shortened week for the holiday. alcoa comes out following week, not very many people expecting much out of that first week tlrgs and then the following week, mid-le of july, is when we get a little bit of fed volatility when bernanke testifies before congress.

between now and then the market trades in a close range. up and down maybe ten handles a day but on very thin volume, all things considered. >> you've been looking for the move out of the search for yield and into more of a growth scenario, and it seems as though we're starting to get that. do you see that as well? >> i think so. really what the fed did with quantitative easing was not push people into risky assets but push people into the search for yield. i think with the backup to the ten-year treasuries to 2.6%, it's corresponding to a huge selloff in utilities and reits and a lot of the no-growth dividend stocks. investors looking for leadership, as this economy begins to recover, the longer duration stocks or growth stocks that have the biggest opportunity. today consolidated ed of new york trades at the same multiple as google. i don't know in what world that makes sense, but i guess it's in the world of negative real yield and i think that bifurcation will switch and this need for yield or search for safety with the economy improving is going

to continue to unwind as we've seen over the last month. >> right. you talked about yields. stay right there, gentlemen, because rick santelli has the results of the second leg of the auction. this year it's the five-year note. ricky, how did it do? >> wow, i had to triple check because it just -- all right. here's the deal. 35 billion on the five-year notes. the yield, 1.484, and depending on your screens, that was pretty darn close to where the one issued market was trading. here's where it gets tricky. the bid to cover was 2.45. ten auction average is 2.84. it doesn't sound like a big difference. holy cow, i had to go all the way back to september of '09 to find a lower bid cover. that takes a chunk away and indirects were solid at 53% compared to a 42% ten auction average. get this. 3.6 on directs which meant dealers take 43.5. i give it a c-minus.

the demand side of bid to cover was weak even though from a wi standpoint it priced about right. >> thanks so much, rick. we'll watch the markets and see what reaction we get on both the yield side of things and also on the equity side of things. noah, you mentioned the fact that the move is what we're seeing in the auctions this week, the lack of demand on some level indicative in your book of the fact that perhaps stocks are now solidly in favor with investors. >> i think at some point good news will be good news. i think that also the drubbing year over year that investors have taken and things like the tlt, the long bond etf where you're down 12%, 13%, 14% year over year. that's four years worth of dividends if you don't pay taxes, eight years worth of yield if you do pay taxes to get back to where you were and the bigger rotation from stocks to bonds wasn't going to happen until people start to lose money

in bonds. that's sort of the beginning, and they are not safe. the opportunity is now as the economy begins to recover and as those corporate profits begin to come in. we'll see in over the next month how the corporate profits and what the outlooks, are but so far in june every single economic release has surprised to the upside. >> joe, one of the bigger stories has been the move to the downside in the gold market, and i know you per se don't follow gold, but how much is the floor paying attention to these dynamic moves, the velocity of which takes the downside? >> full disclosure, clearly cold was, you know, done very well for many portfolios. unfortunately, those still long are really feeling the pain, especially on days like today. a lot of speculation and pent-up interpretation of what quantitative easing would do to both gold and, of course, interest rates and inflation. not seeing that pan out the way they would have hoped so now

they are sitting just above 1200 and people are getting concerned, perhaps even reaching 1000 or eclipsing 1000 on the downside was attainable this year. some were calling to hit 2000 before the end of the summer. that's a really difficult one to trade. unless you've get the focus on good is good and switching gears all of a sudden when bad is good with the revision in the gdp. >> joe greco, thanks very much. noah, always good to see you. thanks for joining us again. ty, up to you. >> you just mentioned gold. it's been dropping there, as you see, about $45 today to 1,2289 and change, and there you see the three-year number there, down 2%, so we're back to where we were three years ago in between, of course, a run up above 1,800. mahir dengy is with a gold trader with graphite.

why the drop in gold? >> most of this stems back from the fed statement. we're seeing ten-year yields rise. we're seeing rotation out of the gold market, into stocks, into the dollar right now. the stronger dollar is really not helping commodity prize across the board, especially gold and silver. >> so you call it -- you say it's fed related and it's dollar related. at what point, we're now at 1,229. at what point does this slide begin to arrest, number one, and number two, at what point does gold the metal or gold the stocks, like the bayraks, do they become buys? >> there's a lot of technical selling which is what you saw last night. between yesterday and today there's not a lot that's affected the market? seeing a stronger dellary but the yen is up today. to me it means there's technical selling and liquidation. you have funds that are long from who knows where needing to get out. the downside here is 1,150 as i

see, as the first area of support. the second area of support i see as 1,050 which traces back tom, many years ago. >> wow, that's a very interesting point. mahir, thank you very much. and the supreme court giving two victories to proponents of gay rights today. the first ruling in defense of marriage act case ruled that that law was unconstitutional, and that means that gay couples are now entitled to federal benefits. hampton pearson is live with the details in washington. hampton? >> reporter: well, tyler, there was also the ruling on prop 8 in california, that same-sex marriage constitutional ban. what the court essentially did was to uphold a lower federal court ruling that struck down prop 8 as unconstitutional so that means gay marriage in california can go forward. now, on the issue of doma. the federal defense of marriage act. in a 5-4 ruling the court also

struck that down, so from now on in the 12 states where gay marriage is in fact legal, same-sex couples, if you will, must receive equal access and treatment to federal benefits when it comes to things like income taxes and social security. now, justice anthony kennedy speaking for the court majority said in essence doma writes inequality into the entire u.s. code and in a dissending opinion, it's one thing for society to elect change but it's another thing for a court of law to impose change. you can see how polarizing this case was for the nine just tisz on the supreme court. finally, we also had a bit of history and quite a moment here on the steps of the supreme court back to that california case, the prop 9 case. essentially the same-sex couple that brought the legal challenge to the court actually got a

congratulatory phone call from president obama on board air force one right here on the steps of the supreme court. quite a day of history. tyler, back to you. >> hampton pearson, reporting to us from the supreme court. well, the new england patriots have released tight end aaron hernandez, this after he was taken into custody this morning. hernandez was handcuffed and escourted out of his home by several police officers from the state and local authorities. no word yet on what he will be charged with. officials have been investigating the homicide of a 27-year-old odin lloyd whose body was found in an industrial park a mile from hernandez's home. the decease had had some connection with hernandez. sue? >> ty, sequestration and defense cuts couldn't bring down the great american defense sector. in six months northrop grumman is up 20% and lockheed and raytheon up 14% apiece. things may be changing though,

because now there's new competition. let's call it jane's defense, and miss wells joins us. she's live in los angeles. hi, jane. >> reporter: hi, sue. quote, the west end on technology will erode this decade as asia outspends the usa and europe on defense. that's the conclusion of an exhaustive that says while u.s. defense companies remain the 800-pound gorilla in arms trade, lock out. global trade has expanded from $63 billion to $37 billion in four years and predicts sales will more than double by 2020 calling, it quote, the biggest explosion in global trade the world has ever seen. the number one category for defense trade, jet aircraft because it's the hardest segment for most countries to develop domestically so they need to buy from the outside. this is why the number one exporter is lockheed martin where sales to other countries grew 64% to n four years.

boeing in second followed by russia's united aircraft, raytheon and bae systems. a couple of surprises in the report. one, how apolitical much of this business s.for example, russia is buying uavs from israel, and, in fact, jane's defense says by the end of this year israeli companies will be exporting more unmanned aerial vehicles than the u.s. also, brazil is on the rise several trainer aircrafts to several countries and building new ones in south africa. africa is growing quickly and a variety of companies are involved from hyundai, to samsung to dae wu. details on this right now on cnbc.com. tyler, back to you. >> jane, thank you very much. the arm is back, the adjustable rate mortgage. if you're running away from rising rates on 30-year fixed loans, you do have options.

that's the next topic on "power lunch." plus, the man taking on the monster, monster energy drinks. he's just filed now a second wrongful death suit against the conditions and he'll be live with us and exclusive in just two minutes. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody.

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well, for the past couple of years it's been farewell to arms and now you might say it's a call to arms. mortgage applications dropping as home mortgage rates surged to the highest level in almost two years. that's mortgage rates on 30-year fixed loans.

now, around 4.46%. as rates rise the demapped for adjustable rate mortgages are on the rise and back in vogue. diana olick joins us now from washington. diana? >> reporter: tyler, call it a rush to a.r.m.sas rates buy and homeowners hurry to lock in the lowest possible. a.r.m.s do offer lower rates but they are much higher to qualify for. record lower rates over the last years pushed them out of favor. pack in the housing boom back in 2006 they accounted for 36% of original nations. today, just around 4.5%, that according to lender processing services. in just the past week as the rate on 309-year fixed surged to around 4.5%, lenders tell me they started seeing more request for options on loan products. home prices are rising along with rates, and that has potential buyers watching every basis point. >> and i think you're seeing much more intense shopping where

people are comparing rates between lenders and looking at different, list conventional products so they are getting teaser rates and buying it down and doing different things to try to get back to the rate they saw last week. >> some buyers are actually being forced into these a.r.m. deals meaning they need to seal the deal. they signed the deal when rates weren't locked in yet and now to get to closing they have to choose an a.r.m. to get that lower rate. lots more of this, of course, online at reallycheck.cnbc.com. >> when we come back, the ceo behind the most profitable airline in the country is on the big show today. no, not from united, continental, delta, southwest, hawaiian air or ala lass can a air and the company trades on nasdaq. see how he's succeeding where others are failing. plus, the "power pitch."

>> startups give up their 60 second pit. >> i'm elan and i'm the founder of rat genius. >> and we give you a look inside the world of venture capital. >> how are you going to make money? >> i'm sorry, i can't understand the question. >> do these founders have what it takes? >> are you in or out on rat genius in. >> stay tuned to find out. ♪

[ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] vo: i've always thought the best part about this country is that we get to create our future. you get to take ownership of the choices you make. the person you become. i've been around long enough to recognize the people who are out there owning it. the ones getting involved and staying engaged.

they're not sitting by as their life unfolds. and they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. a year ago shares of monster beverage are in the 70s. today the stock is up but down 22% in 12 months.

yesterday, a second wrongful death suit was filed against monster. kevin goldberg is a maryland-based attorney suing the company for the deaths of a 14-year-old maryland girl and a 19-year-old man in california. that 14-year-old girl had been previously diagnosed with a heart condition. kevin, we'll bring you in in just a second. we asked monster to come on the show. they declined that but provided us a statement inside. beyond saying their drinks have not caused anyone's death. monster says, quote, the lawsuit admits mr. morris, the 19-year-old in california, consumed monster energy drinks for years without incident, end quote. monster adds, quotes, physicians including a coroner who monster asked to examine miss fournier's medical records, the 14-year-old girl, found no medical, scientific or factual evidence to support any evidence of caffein toxicity. given monster's response here, why are you filing the case? why is this a case with good merits? >> we're confident that we're

going to prove that both died as a result of their consumption of monster energy drink. there's essentially consensus in the medical community that children should not be drinking this stuff. it's essentially a can of chemicals. the american academy of pediatrics has stated unanimously that energy drinks should not be consumed by children or ed a ladolescents. the american medical association said energy drinks shouldn't be consumed -- they said that they support a ban on marketing of energy drinks to children. emergency room visits have increased tenfold since 2005 as a result of energy drink consumption. >> and as a mom of three young kids i'm definitely aware of the american pediatric association stance. let me push back on you a little bit. mr. morris was 19 years old, legally an adult. in addition to that, he had been

a drinker of these energy drinks for some time. miss fournier, while a minor certainly, also had a heart condition. so there are some mitigating factors here, are there not? >> i wouldn't call them mitigating factors. monster targeted teenagers like alex morris when he was a teenager, when he was 15 and 16 years old, with their marketing. and mr. morris, the evidence is going to show, that he consumed between two and four energy drinks a day for the three years before his death so we're confident -- >> what are you seeking? what kind of a settlement would you be willing to accept from monster? or what is it that you want from them? >> we want monster to stop marketing their product to children, teenagers and young adults, and we also want monster to put a warning on their product so that consumers know that those with underlying heart conditions should not be drinking energy drinks. energy drinks can be extremely

dangerous for anybody with an underlying heart condition and the big problem is that many children, teenagers and young adults aren't old enough to know that they have heart conditions, so a lot of these heart conditions are subclinical. >> have you gotten a response to your request from monster at all, before we wrap things up? >> i haven't talked to monster at all except through their attorneys, but if mr. sachs wants to meet and talk about putting better warning labels on their product and changing the way they market, stopping the marketing to children, both of my clients would love to sit down with him. >> we'd love to have him sit down on the show. thanks very much. keep us up to date as that suit moves and once again we welcome monster's ceo on "power lunch" any time. ty, up to you. >> time for the series "power pitch" as we do most wednesday this time at innovative new startups to see if they have what it takes to be the next big

thing. >> i'm mandy drury and this is "the power pitch." founders have 60 seconds to make their pitch and then the panelists dig into the business model giving you inside access into the world of startups. are we looking at face behind the next big social network? elan zachary and his startup rap genius. it would change the way people buy, sell and measure tv ads. in the spare time he practices hypnotherapy and, of course, listens to rap music. elan's got 60 seconds, so can he deliver a multi-million dollar power pitch? let's take a listen. >> hi. my name is elan, the founder of rap genius. a shout-out to all the people in the rap genius community. it's a website where you can read interesting annotations on

rap lyrics. click on a loin and get a pop-up explanation of what it means or you write an explanation yourself. all the millions of annotations on the source are proud source like wick piedia. a lot of our top contributors are actually famous artists. the result of this is we're redefining what a song, is mp 3, a stream, all that have a commodity, but the information from fans, art its, et cetera, very, very interesting and it's going to be around in 100 years and that's why people like breaking down lyrics on rap genius because they feel like they are writing on the wall of history. gone way beyond rap and music, poetry, the bible, great novels, "moby dick," the bible" and started as a side project and now rap genius is something that an tastes the entire world. >> elan is on the right side of your screen and he can listen in but cannot react to what we're about to say so on our panel is cnbc entertainment reporter

julia boorstin and greg selkoe ernst & young named him entrepreneur of the year in northeast. one of his key business producers is rapper throwe williams. julia, what do you think about this? >> i think it's interesting they are crowd sourcing all of the information. the big question is how they will make money. may have low costs but still need to figure out how to generate revenue. >> sounds like a hip-hop wikipedia, doing things from poetry and bringing things in from the bible, but feels like something already out there and already in use so he needs to add value beyond in a. >> i think it's great. sounds like he's definitely creating an interface that's attractive and interesting but i think, you know, no matter how many different genres he expands to he still hasn't answered the question what's the financial model. >> the panel has lots of questions for you and come over

here and sit in the slightly warm if not hot seat. great to see you. >> great to see you. >> greg, i know you have a burning question. >> even if you create a superior product, other people who do this out there, what is it that's going to be a, be different about yours and, b, help you make money? >> rap genius is distinguishing itself as far and away the best lyrics system so 2% of all google searches are for lyrics, over 100 billion searches a year, a pretty big market and nobody has taken it over until rap genius. >> what about the question about making money? how do you make money? >> i'm sorry, i can't understand the question. i'm just kidding. we're going to make money eventually. we've got a big investment which is allowing us to build a big website and big cultural phenomenon in advance of sort of fully pursuing monetization but a lot of interest in areas you might not expect. we get called from big fortune 500 companies about using rap

genius as a platform for knowledge sharing within their companies. >> why did andreasen horwicz, why did they invest new and what drove that consideration? >> you'll have your google, facebook, twitter, instagram and rap genius in with wikipedia, not quite at the size yet. >> annotated boar, cooler than anything else. will you sell them as downloads, how will that work or is that free? >> asking me to give you answers about stuff in its infancy, like where are you having your bar mitzvah. i'm one month old. rap genius is very much about creating the interesting content, creating this massive community that will then, i don't know, do we license the thing to amazon so they can sell the edition? i can't say we've had the discussion. let's get 300 books really well annotated first is what we're focused on. >> you heard what elan had to

say. are you in or are you out on rap genius? julia? >> this site does have 29 million uniques, not a site that was born yesterday. i think that they just need to start putting advertising on the site, and the fact that andreasen has invested says to me there's real potential here and i think if they start small it could be a big business so i'm in. >> greg? >> i think there's something real there. really should sit back and not be as defensive and really just think, look, here's five ways we're going to make money and we're going to start working on it now because it's never too soon to think about making money. you in or you out? >> i'm in. >> okay. as for me, i really like elan's creativity and like his vision and love the fact that he's thinking big. my only concern is monetization, monetization, monetization. >> why you guys so obsessed with money? >> got to feed yourself and your employees if you want to grow. personally at this stage i am out. elan, you heard the verdict. what's the reaction? >> hey, man, much love.

thanks for the advice. we're thinking about money, but it's not the most important thing to us right at the moment. >> thanks so much for joining us, and that is today's "power pitch." >> well, a little choky response there. we heard what the panel had to say but we want to hear from you. logon to powerpitch.cnbc.com and let us know if you are in or out on rap genius and also follow the conversation on twitter with the #powerpitch. sue? >> ty, we've just hit session highs for the dow jones industrial average. josh lipton is waiting in the wings, but first we're going to get to cold which has been collapsing. hit a three-year low. technical levels blown out to the downside and the metal markets just closed. bertha coombs, a lot of pain down there for thoeps those hoping for a rebound in gold. >> a lot of pain for the bulls and traders saying what they are seeing here is technical liquidation. let's not forget, we're two days to the end of the quarter, and it is shaping up to be a record for both gold and silver.

both of them on pace to have their worst quarterly declines since we've been keeping records. that's 40 years for gold. 50 years for silver, and copper has gone along for the ride, although a relative outperformer. sue, back to you. >> bertha, thank you. i mentioned session highs on the dow jones industrial average. the s&p also performing at session highs. josh lipton is here on the floor of the nyse. boy, a tale of two markets. gold plunge and the dow jones industrial average solidly in the green? yeah. look at the blue chips up another 135 right now. plant the market leaders and put these up, the dju, the rmz and drg so that's utilities, reits and pharmas, your gainers. on the other hand, though, look at the commodity stocks, clf, vale and alcoa, we'll end with the russian software developer, double digits, 22% right there. >> nice way to get your stock off the board. >> by the way, first russian ipo

in about ten years. >> thanks so much, josh. uptown to the nasdaq where seema modi is following the movers there. >> significant drops have provided a good buying opportunity for the bulls. excitement around microsoft windows 8.1 is helping them trade at session highs, also in the smartphone space, all eyes on blackberry, up 5%. apple shares trading solidly in the red, below $400 a share. 382 is the next support level, and, remember, this is a stock that was trading in the 700s just eight months ago. sue? >> thanks, seema. bond market, did have that auction at a c-minus, the grade that ricky gave it. let's see how the action is tracking at the cme right now. hi, rick. >> hi, sue. look at an intraday five and ten, one last push towards higher rates before rates started to fall a bit.

sloppy auction. yesterday's was a bit sloppy. look at the dollar index, didn't really move much on the auction but it's been up mainly due to higher rates of late. look for that to potentially deteriorate, say traders, and can you see on the next chart, dollar index has been on a tear so we want to continue to monitor both auction and the rally and stock trades. back to you. >> thanks very much. >> what do americans really think about their jobs? are they happy with their work, happy with their bosses, their salaries? steve liesman hats exclusive results of the cnbc all america economic survey. steve? >> reporter: thanks. you like your job, you like your boss, well, how many people said yes? if you're not on the happy train you're on the wrong track. more "power lunch" in just two minutes. [ male announcer ] we've been conditioned

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. it is, of course, a tough economy for so many americans, so what do people really think about their jobs, their bosses and their salaries right now? steve liesman who loves his job and loves, loves, loves his bosses has exclusive results as i do of our cnbc all-american economic survey. >> when they get to ask a

question and i'm completely blown away by the answers. >> let's take a look. we thought this was going to be americans telling us take this job and shove it. in fact, they seem to be saying take this job and love it. take a look at the responses when we asked people when it comes to your job, are you very dissatisfied, somewhat, somewhat satisfied or very satisfied. take a look, very few satisfied. the plurality saying very satisfied. 14% saying somewhat dissatisfied and 85%, tyler, that number -- half are satisfied with their job. take this job and love it. let's go a little bit deeper. we're only looking here at the percent responding very satisfied. if you just zoom in on some of our categories, do you like your co-workers, commute, boss, the hours, technology in the workplace? we really got in the detail. relying on the top line we would kind of pick it up. what i did here, just so you

understand, drew a line at 50%. let's take a look at those areas where more than 50% of the public say they are very satisfied. you can see four areas, co-workers, commute, boss and hours. those are four areas. by the way, women like their hours a little more than men and men like their boss a little more than win. now let's go and look into the areas where maybe you employers out there can be doing a little bit of work. these are the numbers where less than half of the public says they are very satisfied. technology at work, training, work-life balance, recognition at work. what does a pat on the back cost you? salary, expect to see that here but here's what's really interesting. if you can zoom in. opportunities to advance is the one where americans say they are least very satisfied with their work. what's interesting to me is they don't want to earn more so much. they want the opportunity to earn more. that's the america i know. let's go on a little and find out who is happiest here. a lot of stuff on this, but i'm going to make some sense to you. this is the average of americans who say they are satisfied,

right around 50% saying they are very satisfied. who is the most? people in the west, markedly so. financial elites. those with 50,000 in the markets and salaries over 75,000. college grads, people over 50. self-employed and women. okay, now over here, less that be the average of all adults. men in the south, 18 to 49 and less than a high school degree, less income than 30,000. if you're a woman self-employed in the west and you have a college degree, older than 50, you're doing pretty well. one more thing i want to show you, tyler, which is really interesting to me. we wanted to make sure that people weren't taking jobs below them and asked this question a couple of times. back in 2007, is your job making full use of your ability, use of many of your skills but not all? you can see here that many americans say their job is making full use of their ability? most people say use of many and not all and very few are saying i'm really underemployed which is real one of the key things.

i didn't believe the numbers, but we did ask a lot of corroborating questions and it does seem -- oh, and by the way. i went back to 1978. i looked at polling, six different polls between now and 1978. >> yeah. i was 24 then. >> they all corroborate that. what's interesting about that, 1978 is the year after johnny paycheck made "take this job and shove it" famous. didn't write the song but made it famous. 85%, 86% saying they were satisfied with their work. >> fascinating. >> my pleasure. >> 50 plus people are satisfied because we're employed. >> that's probably a part of it. >> happy to be employed, and they seem -- different aspects of the jobs they like. >> count me in on that one. >> sue? >> thanks, guys. coming up, the biggest retirement package in u.s. corporate history, $159 million. excessive or just a fair pew pay for a ceo who tripled sales and

sent the stock soaring. we'll talk about that and russia seems to be hiding an american leaker and china is holding an american executive. are russia and china kicking sand in our face and if so, why? the power rundown straight ahead. it starts in two. the dow is up 1341 points. toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ female announcer ] what if the next big thing, isn't a thing at all?

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coming up on "street signs" at the top of the hour, gold has really taken the elevator down so we'll put gold bug peter schiff on the spot and ask him if he thinks it's still going to the move and david lowery says hid song played on pandora 1 million teams and got 16.89, less than you'd make from a t-shirt sales and what is the real cost of doing business in china? well, the ceo of xl outdoors will be joining us. they make some of their products there. top of the hour, guys. the name ses signs.

back to you. >> thanks. three topics here, mckessen ceo setting a new record for the biggest retirement package in u.s. corporate history at $159 million all in. is this in any sense justifiable, jane? >> well, you know, look, it's legal, and the company has done very well. i have two questions. this is the amount he would have gotten if he retired voluntarily march 31st. why didn't he retire? obviously he must think he's going to get more down the road, and secondly, whoever negotiated this contract for him, call me. >> yeah. john carney, your thoughts? >> he's getting a bigger pension than rupert murdoch is set to get. i think that's a very good test for whether maybe you pushed the boundaries a little too far. this is a lot of money, and you do have to wonder why would you even stay in a job at that point? >> yeah. my question, a lot of people in the health care business making this kind of money in payouts.

that might give you one reason why health care is as high as they are. an american businessman is still being held hostage by workers at his medical supply plant on the outskirts of beijing over a wage dispute, severance and so forth. cnbc caught up with chip starnes. take a listen. >> look at it as a civil dispute and they just don't get involved. china looks at things differently where they say the people run the country, not the government runs the country so, you know, if you get out in the rural area, still in the beijing district, but when you move on the outskirts like this, it becomes a little bit of the wild, wild west, if you will, so, you know, if you play out here, got to play in their play box. >> all right. between this executive hostage situation around vladamir putin apparently refusing to extradite edward snowden, the nsa leaker, are china and russia kicking sand in america's face, and if so, should we get tougher on these guys?

john, you first. >> look, they are definitely kicking sand in america's face. right now it's very clear that china and russia think that they can openly publicly disrespect obama without any consequences at all. that's going to continue. i can't see what barack obama can do to resolve this. >> jane? >> reporter: i'm so shocked. i'm so shocked that china and russia are being mean to us. by the way, that is the downside there of being in the medical device business. either making 159 million in your pension or our stuck behind bars. i say the best strategy to defeat this is to flood them with freedom capital, social media and if you want to punish edward snowden. ecuador says it could take months, make him eat at the russian airport cinnabon every day, worse than trying to extricate. >> can we say how calm that guy is being held hostage.

>> something about that story doesn't add up. >> i think we trade paula deen for edward snowden and throw in aaron hernandez. >> did they find the red panda? >> sold. >> thanks, guys. see you in a mind. >> all right, sue, down to you. >> ty, come fly with me. this is the most profitable airline around. the stock is at a new high today. it's up almost 50% this year. the carrier's president tells us how he's flying higher than his biggest rivals. that's coming up next. we can't wait to hear. with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket.

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low-cost carrier aliegeant air is outperforming its peers in the last year. aliegeant up 51%. dealtor, posted better returns. phil lebeau is live with the president andrew levy. >> airlines for people who have said i've never flown aliegeant, what's the story behind these guys? bringing in andrew levy, president. andrew, this is a business plan that has worked for you guys in terms of serving smaller underserved markets, really kind of markets many people have

forgotten with low-cost fare service, correct? >> yeah, that's right, phil. it's smaller communities around the city that have been underserved or unserved, and we fly folks that live in these parts to vacation destinations where they have a great interest in traveling, to and as you mentioned it all works with being able to offer very, very low fares to stimulate demand for travel. >> when you take a look at your guys pre-tax profit margin, easily outdistancing the other airlines, a lot of people look at this and say, well, naturally, because they charge for different fees whether it's baggage or other services, and as a result you're getting about 41.20 in services from other passengers, well above what other airlines are getting, correct? >> that's true. we started unbundling our product many, many years ago. we were really the first in the u.s. to bring that concept here and certainly we think that that does drive additional revenue. we also think it's customer friendly because people buy

things that they value and don't buy things that they don't value, but if it was as easy just simply charging for more things than, you know, i think everybody's margins would be similar to ours. you know, we do a lot of things differently than the rest of the industry, starting with the airplane that we choose to operate. we've chosen used equipment which is less expensive to purchase, but, you know, we think that that is a great -- a great platform, allows us to generate really high returns on investment capital. >> absolutely, but, andrew, i don't mean to cut you off but i want to get this question in as we're running out of time here. you had 30% of your flights that were not on time, had the poorest on-time record last year and because you're flying from smaller cities which theoretically are not as congested, primarily into las vegas, honolulu, orlando, you're going into warm weather destinations where you shouldn't have bad weather, why such a poor record when it comes to on-time performance?

>> i don't know if i agree with the 70% number, but i do agree that we're at the -- you know, toward the bottom end of the other airlines in the umpts i think that you're right. we do fly to sunny destinations, but in many cases we're flying from small cities in the northern parts of the countries and a lot of times we do have some weather, but, you know, we have an older need. the md-80 is a great airplane, breaks often. keep a number of spare airplanes to recover but we'll hold an airplane for customers if we know they are coming to the airplane shortly because in many of our markets we only serve a couple days a week, and if those folks don't get on the airplane, then it's a two, three, four days before they can get back on us to go where they want to go. >> and as we should point out to your audience, don't fly on tuesday, a good exam. andrew, last question. you're in atlanta, any chance of expanding your service to fly into atlanta? >> no, no. i'm here strictly for personal reasons. atlanta is well served by delta

and many others. we like to go into the smaller cities around the country, as you noted earlier, so no plans to come here. >> andrew levy, president of aliegeant air joining from us atlanta. what's interesting, tyler and sue, a lot of people haven't flown aliegeant, if you're in rockford, illinois, no service aliegeant is the way to go, those underserved markets. >> worked well for them and also their passengers. phil, thank you so much. speaking of airlines coming up, our cramer has a big interview with boeing show tonight on "mad money" beginning at 7:00 p.m. eastern time. health care the biggest winner in today's trading. the etf moving the most in the sector and the dow is now up 112 point once again. we're back in two. ♪

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markets are holding at the highs of the trading session. the dow jones industrial average up almost a full percent on the trading day. the s&p is up almost a full percent as well. the nasdaq is up better than three-quarters of a percent and health care the best performer. ibb, ishares, nasdaq, biotech

index and the xlv which is the health care select sector. biggest winner in the group, arcadia pharma, up 6 boston, almost 300% this year. ty? >> does look like this little rally has some traction, unlike yesterday, moving a little bit higher as we go through the day. that does it for "power lunch." >> "street signs" begins now. ♪ silver and gold, silver and gold ♪ >> you know burl ives had it right, silver and gold are your top stories as the metals melt down like frosty in a heat wave. is there any bottom in sight in the conventional wisdom is that higher mortgage rates will hurt housing. we're going to show you why the conventional wisdom may be all wrong. plus, hear from a musician about what he says pandora's real royalties really amount to, and can an american company really do business in china, mandy? we're going to meet a ceo who recently moved most o