>> anthony. >> cisco, it's ugly but very cheap. >> indeed. the markets aren't that pretty today either. right now the dow jones industrial average, well, there's the s&p, down about 0.5. there's the dow, off the lowest levels, but we are looking at potentially the worst three-day selloff in four months. that's it for us. "halftime" is over. "power lunch" and the second half of the trading day start right now. >> indeed it does. and we start with an ipo pazoozza. a full six companies are going public, but will investors be rewarded? how the other ipos have fared as well. it has been called the fed dream team, janet yellen and stanley fisher as the next fed vice chairman. it has economists very excited, but who is mr. fisher? we're going to talk about that and also what he might mean for the markets. all of that is straight ahead. plus, no pressure here, but

there's only 13 shopping days left before christmas. the top three tech trends emerging this shopping season. the big-box winners and the one comeback retail stock for 2014. we've got it all. tyler and i have done a big switcheroo. he's down at the nyse today. hey, ty. >> i did a little christmas shopping this morning. economists might be excited about the dream team of yellen and fisher, but it looks like equity investors aren't particularly cheering today, if that has anything to do with the investors are down 116 points right now. the s&p 500 down about 7.5%, and the composite at nasdaq back below 4,000, 3,999 down 4.75%. the dow flirting here with a second straight triple-digit decline. bob pisani, kenny polcarpolcari people reacting at all? the nonannouncement, i should say. >> the nonannouncement.

it's obviously a good choice. he's clearly qualified. they would make a very strong team. if you're asking me, i don't think that's what's driving the market. >> why? >> technically it needs to test the 1775, 1770 level to see if the buyers -- and we're sitting right there. and i've been saying this for a couple days. this is the level you want to see if the buyers are really alive which i think it's going to run into support right here. >> and you've been saying sort of flattish from here on out, maybe profit taking. that certainly seems to be what we're seeing. >> one good day in two weeks. nobody had a problem with the fed considering tapering. today we got a great retail sales report and they do. so the bottom line is there are concerns about tapering, but it's because the economy is getting better. we've got a good jobs number, now a good retail sales number. they're raising the gdp estimates. none of this is bad news. >> no, it's not bad news. the fisher/yellen combination could be fantastic. >> got to leave it there. we're going to go up to dominic

chu for a "market flash." >> leat's look at the ipos, the ipo surge. remember,ist a huge, huge story. we've already told you some of the hottest performers in terms of returns this year, but how about the biggest ipo fund-raisers, s the ones that raised the most money from investors? here are the top five so far just in 2013. oil and gas pipeline raised $2.8 billion back on october 15th. hilton currently in second on the list. then there's animal sciences company zoetis which raised $2.2 billion in january. of course, twitter makes our list raising $1.8 billion last month. and then oil and gas exploration and production company antero. plains gp has been solid, up about 10% from their ipo price. zoetis has gained nearly 20% from its $26 ipo. twitter just about at the doubling mark after pricing at 26 bucks a share.

you can see right around $52 there. and antero resources is up 30% after selling shares at 44 bucks apiece. so yeah, it's been an up year for the market, but you didn't have to be a twitter ipo investor to get some really healthy gains from other big initial public offerings, sue. so big names, hilton, of course, joining that list. back to you. >> thank you very much. we've had a couple soft auctions this week. rick santelli is here to tell us how the market is performing as we go into the latter part of the week. how did the 30-year do? >> well, you no he, they reopened 30s 29-year level month to be precise, a yield of 3.90. the one issue, market right at the end started to get choppy, but in my opinion, it was a wide bit offer spread. i would have pegged it around 3.895. so higher yield, lower price. "c" minus. why? didn't like the way it priced. volatility at the end, i thought, had buyer's remorse to it. 2.35 versus 2.42 on bid to cover representing a ten auction

average. we had pretty stong indirerong at 46%. slightly off the mark directs at 12.5, similar to yesterday's 10. people aren't looking at it as aggressively. keep in mind, treasuries are under a bit of pressure today whether it's retail sales or the fact that equities are going sour as the fed's sweetener seems to be saying adios. back to you, sue. >> thank you very much, ricky. and now let's go to the nasdaq to sheila and a market flash. >> shares of cisco are taking a hit. the company having a very disappointing growth outlook, saying over the next three to five years, it expects growth of between 3% and 6%. that is below the originally stated goal of 5% to 7%. the company also said it is confirming 2014 revenue estimates calling for a decline of 4%. saying, quote, that's about where we are. now, they did have some good news. they talked about their computing and cloudware business, saying it can grow between 12% and 18%. also shedding light on its $1

billion security business saying it can grow up as much as 15%. right now cisco shares taking a hit, almost 2%, bringing in the nasdaq today as well. sue? >> thanks so much. they're being called the fed dream team, the possibility of stanley fisher becoming the next vice chair has economists buzzing. you may not know who mr. fisher is, but steve liesman knows him quite well, has known him for many years when you were working in russia. >> yeah, he was on the imf. >> fetell us what he'd like and what we need to know. >> stan fisher is the guy, when he starts talking to a room of bankers in his very hushed accent, every stops to listen. let's take a look at what we're calling his fed cred here. bank of israel governor, '05 to 2013. citigroup vice chairman from 2002 to '05, imf deputy managing director, eastern europe and the reconstruction there for which, by the way, he took a little

criticism with his add vocation by the imf at the time of austerity. world bank chief economist and of course m.i.t. economics professor which is a big part of who he is. take a look here at some of his students. none other than ben bernanke, mario draghi. lawrence summers, one of the eminent economists of our day and gregory mankiw. but that's history. the bigger question, what does he think about the fed's policies? there he is. with ben bernanke in jackson hole. here's what he said back in november when he sat on an imf panel with bernanke. summers and ken rogard of harvard. >> what we have learned this time is that managerial policy does not reflect necessarily lose its effectiveness at the zero lower bound and that there's a lot that the central bank can do to continue to support the economy even when

the central bank interest rate is effectively zero. >> my take is he also said the central bank should do as well. also last month, he told another conference that the fed's qe policy was, quote, dangerous but necessary. he said without it the economy would have been in much worse shape. he has questioned forward guidance. it doesn't really know. so he'll be a supporter of the fed's policy, but he'll certainly raise important questions behind the scenes. >> that goes along with mr. bernanke's wanting dialogue among the fed members and the fed presidents. but how influential do you think he will be with ms. yellen? >> i think enormously influential. i don't think he would be here without really yellen's sanction. i don't think you do that. i don't think that the president would do that. the fed vice chairman plays a particular role. behind the scenes, they can say anything they want. in public, what they tend to be is the intellectual pulling guard for the chairman. you have an idea. you send your vice chairman out and do some of the heavy lifting on that idea.

>> kind of the vetting of it. >> the vetting. >> thank you. jpmorgan's jamie dimon saying a big thank-you to congress for getting a budget deal done. eamon javers has the details. >> reporter: jpmorgan's jamie dimon is speaking right now here in washington, and he was asked at the aspen institute by walter isaacson what he makes of this budget deal. take a listen. >> what do you make of the budget deal and what that will do for the economy? >> i sent an e-mail to patty murray and paul ryan yesterday basically saying thank you, thank you, thank you and may the lord bless them because the country's getting stronger every single day and not shooting ourselves in the foot is a very good thing not to do. if we just keep on doing this, collaborating, keep on doing some smart things, i think america will really start to grow rapidly. >> tyler, thank you, thank you, thank you and may the lord bless them. that's what we call a ful full-throated endorsement,

tyler. >> that is a lovely full-throated endorsement if ever i heard one. where do we stand on a vote? is a vote coming later today or what? >> we expect they will vote today. and the question is where does it go from there? we're seeing some interesting fracturing here on the republican side of this. and between speaker of the house john boehner and of some the conservative groups here in town. that's something we'll have to keep an eye on as well. >> he was very critical of some of those groups yesterday. in some statements that was in one of your reports, by the way. thanks very much. now, who are the worst ceos of the year? we'll tell you who made one sorry list. plus, 'tis the season, 12 days and counting until christmas. look. the yule log has been lit. family and friends. listen to the crackle, ladies and gentlemen. when we come back, our special "power lunch" retail support group. the three top tech trends emerging this holiday season. the big-box winners and one comeback retail stock for 2014. ♪ [ male announcer ] how could switchgrass in argentina,

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it's the most wonderful time of the year. just 12 days left to shop. and our retail roundtable is ready to go. and i know tyler is very jealous because he loves the yule log. we're going to talk about what the mood is this shopping season and what companies will come out on top. so here with us once again is cnbc's retail analyst, stacy, independent technology reporter natalie morris, and jpmorgan

hardlines retail analyst, chris horvers. welcome to all of you. i'm so pleased to be here. i know tyler's very jealous. natalie, i'll start with you. in terms of this year's picks in terms of electronics, what's hot? >> well, it's a game console year. we usually only get those about once an administration, right? so we have the new xbox 1 and the playstation 4, and they're battling it out in the stores. >> and it's close, too. >> well, it is a little bit close. it looks like the sony playstation 4, though, is the choice because it's cheaper. i think xbox might have priced themselves out which is too bad because you get more bang for your buck when you buy an xbox because it's not just a gaming console. it's a full-service media center and media console. but i don't know that they've let the consumers know that enough. so now they're just choosing on price. because when it comes to game titles -- >> which is huge. >> it's an even playing field. >> if you don't get your message out there at this time of year, if you can't execute on the message and the default is price, that's not -- >> it's not backwards compatible with previous games. so it alienates a lot of gamers

who think i don't want to upgrade now. and they haven't really -- what they need to do is sell the family on it. so if the mom buying that console thinks i can watch "grey's anatomy" when they go to sleep. >> that's if they go to sleep. >> right. >> when you make them go to sleep. natalie and i have little ones. that's what happens. so chris, tell me what you're watching this holiday season. who are going to be the big-box winners? >> yep. so our two favorite names are best buy and dick's sporting goods. to natalie's point, the gaming console is hot. tablets are still hot. we were talking about fitbit, another hot stocking stuffer for this year. you know what? there's a new management team at best buy. it's their first holiday that they're executing. they've invested in advertising, in price. and i think the category has taken share back. and if you look at the retail sales numbers today, that category was up 7% in november and in october. >> it's such an amazing turnaround story. >> it is. >> you know, the stock that was

left for dead. >> yes. >> is now a holiday retail favorite. did you ever think that you would be saying those words? >> well, we upgraded it in january at around $20. >> no, you've been ahead of it. you've been ahead of the move. >> yeah. >> why do you like dick's sporting goods? >> it's cold, as we all know here in the northeast. it's been two very warm winters. they're on trend, too. sports apparel is taking trend. it's nike, underarmour and north face. they're finally going to get paid with a little weather. same-store sales is basically a spring. >> stacy, let me turn to you. because the consumer has become so discerning about what they want to buy. and you really have been watching coach and its failure to execute. >> yes. >> for the last year. tell me about that and what you think is going to happen to them in 2014. >> sure. well, we know that it's been all about michael kors for the past year. >> yes. >> the spread is like almost 30 percentage comp points between coach and kors recently.

>> that's phenomenal. >> coach, what happened to them, they sort of rested on their laurels and got too comfortable because they were doing too well. tory burch came in, kate spade came in. now they get it. they realize their styles have fallen behind as well as their stores. and by the way, they had a designer who's also building his own brand at the same time. that's a huge distraction. zloo which is a distinct conflict of interest as well. >> absolutely. >> i don't know how they let that continue. that's a whole another story. >> yes. so now they have a new designer from lueve, i had to go to spain to learn how to pronounce that. and he's terrific. he's more higher end. he's more about leather, less about logo. you're going to see a change in the product. and it's not going to happen overnight. but you're going to see an upgrade in the stores and much better protect over the next year. i think as you have all these favorites like kors, and if you have one misstep -- you know, look at lululemon. you can see a 15% correction in stocks that are cult stocks.

i think you want to look at coach that's been the underdog, the underperformer and say what is a designer going to do to revolutionize the product and also they're going to upgrade the stores and make them look for interesting. >> yeah. natalie, what's a good stocking stuffer for people that are interested in technology? is it fitbit? what is it? >> yeah, the fitbit is really nice. they have the flex and the force. you call it had a stocking stuffer, but i think that's actually a pretty good proper gift. >> what is it for those who don't know? >> these are wearable pedometers that keep track of your sleep, your activity, your workout intensity and your calories burned. they call this trend in technology the quantified life. so this is your attempt to quantify everything about yourself. what are you eating? consuming? burning? and then you can make better choices. and i think people really like that kind of thing. >> all right. now, chris, you mentioned underarmour. is athleticwear -- i think stacy, you feel this way as well -- that athleticwear is kind of the new chic thing for men and women. >> absolutely.

they've introduced a lot of colors, a lot of design this year, new fabrics. and i think that you look at dick's, they've put 40% of their stores now of shop and shops from nike and underarmour. i think it's going to be a big gift this year. we've talked to some local sporting goods retailers. you know modell's up 19% in november. that's a big number. >> that's a big number. is that sustainable, stacy? is it a category that is going to be, you know, somewhat fickle with consumers, or do you think it's here to stay? >> you know, chris and i were chatting about this before the show and saying if you think about the apparel space and how uninteresting it is and how terrible and all the promotions, where is all this money going? it's going into activewear and footwear. this is where the technology is. it's where the fashion is. and this is even where the teen space potentially is moving some of their money. >> absolutely. >> and you and i have talked about before that maybe footwear is actually the new handbag. >> it really could be. and that also incorporates technology. >> accessories for technology because michael kors was one of

the first to have a really stylish iphone case. and now there's a whole entire line of ipad cases and other tablet cases and they're from the high-end designers. we haven't seen much of that from coach yet. >> definitely not. this was so much fun, guys. thank you very much. really appreciate it. our thanks to stacy, natalie and chris as well. so ty, you can have the yule log back when you get back up here, hon. >> i will be there later today. thank you very much, sue. getting your kids into the best schools, you won't believe how much private tutors are being paid these days and the jaw-dropping perks they're getting. you've got to see this one. plus our "power pitch." >> coming up, "power pitch." we hope you're hungry because this start-up wants to plate your next dinner. will our judges eat it up? stay tuned to find out. (vo) you are a business pro.

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and a 30-tablet free trial. welcome back to cnbc. i'm michelle caruso-cabrera. news coming in from ukraine. the deputy prime minister has said they will soon sign the e wurks trade agreement, the one that's been so controversial that still has protesters in the core of maiden square in kiev at this point. this is video from yesterday when police tried to clear them out. a situation that got incredibly tense. this morning we heard from the eu foreign policy leader that they thought that ukraine would actually sign this eu trade agreement that they had rejected back on november 21st. now, once again, the deputy

prime minister of ukraine saying that they will sign the free trade agreement. we'll be watching for new video to come in from kiev to see the reaction from the protesters that are in the main square there. and also be looking at the currency and also ukraine's debt, both of which have been hit very hard. these are live pictures from kiev we're showing you right now. the headline is ukraine's deputy prime minister says it will soon sign the free trade agreement with the european union. guys, back to you. >> all right, thank you very much, michelle. time now for our "power pitch" where we give start-ups 60 seconds to make their pitch, and then our panel of experts will decide if they have what it takes to make it big. >> i'm mandy drury. and on today's "power pitch," we hope you're hungry because we have a food delivery start-up that wants to help you plate the perfect dinner. nick is the co-founder and co-ceo of plated, he's an officer in the u.s. marine corps, and he also hates grocery

shopping. let's see him serve up his "power pitch." >> i'm nick taranto, co-founder and ceo of plated.com. at plated our mission is to help americans eat better. in 2008, my co-founder and i met at harvard business school. when we moved back to new york, we both had the same problem. we were putting on pounds and feeling bad about our food decisions. there were only three good options. take-out, eating out or grocery shopping. and all three were time-consuming, wasteful and expensive. we knew there had to be a better way. and that's why we started plated.com. at plated, customers come to our site and choose from one of seven options. the menu changes every week. we then send customers exactly what they need to cook a fantastic nutritious meal at home. all the produce, all the spices, and all the proteins. including a chef-designed recipe card. we started this business in 2012. since then, we've raised $3 million in venture capital.

we ship to # t90% of the countr and have an amazing team. we now need you to add fuel to the fire. >> you see nick on the right side of the screen. he can still hear us, but he can't react just yet. on our panel today, we have restaurateur and chef barbara lynch, she owns seven restaurants in the boston area including number 9 park. also on the panel is social media guru gary, the founder of an agency that helps fortune 500 companies find their social voices. he's also an investor in tumblr and also the author of "jab jab jab, right hook." okay, guys, great to have you on the show. first of all, do you, barbara, what do you think about plated? >> i don't see the value in it, actually. you know, first and foremost, if you lose a customer on the first time, i'm surprised they come back. >> what about you, gary? >> i think the time consumption. i'm a little worried that it actually takes time to make this stuff as well at home.

so solving for time when you actually still have to make me cook, i'm a little concerned about. >> for me, it makes it sound so easy and i can understand if you really hate grocery shopping or don't have the time for grocery shopping, it makes sense. however, in new york city, hello! you can get delivery, takeout so quickly and so cheaply, and that is a whopping competitor. okay, nick, come on over. you're in the hot seat now. we're going to give you a few questions. nice to meet you. >> nice to meet you, too. >> barbara. >> you just said three things, take-out, eat out and grocery shopping. what about personal chef, nutrition. there's a lot more competition than i think that you're thinking about. >> the at-home food market in the u.s. is a trillion-dollar market every year. and there's the opportunity to build hundreds of billion-dollar businesses within the at-home food industry. >> how are you differentiated from the competition, would you say? >> no one has ever built an online-first food brand before. and we've already built the infrastructure. we've already built the customer base to enable us to do this at

nationwide scale. >> quality control like with parker, can you pick three pairs of glasses, get them at home, try them on, and send them back. i mean, how do you return food that wasn't good when it arrived? >> there are no returns in our business, but we do have a 100% no-questions-asked freshness guarantee. so if your tomato looks at you the wrong way, full refund. >> gary? >> who's staying for a year? who's not. droing off after three, six months? what's your retention plan? >> we see an initial drop-off. but then after we get our customers to the second or third purchase, they stay with us. >> how many customers do you have now, and how many are you adding each month? >> the board would kill me if i gave the exact specifics there, but it's in the tens of thousands now. >> it all comes down to do you believe this man and his team can actually execute innovate because, by the way, over the next 24, 36 months there will be tons of variables that change. and will they be able to actually run a business that is profitable and not believing in

investment dollars. it's a simple. >> you heard what nick had to say. are you in or are you out on plated? barbara, you first. >> my concerns are he's in affluent markets instead of, like, in the middle of the country, probably. it's plated, and it doesn't fit -- it doesn't actually fit the business formula because it doesn't come plated. my concerns are the overhead is really high. it looks like he's got a very large team. i mean, i would be -- i'm just -- i'd have to be out. >> what about you, gary? >> i actually do like the mix of the armed forces and hbs background because honestly what i said in the last rant is do i believe he and his team can execute? my intuition is i'm on third base. i'm a little bit closer to in than i'm out based on the track record. so i'll go with in. >> i like the concept. i like the idea of trying to, you know, help people to make quick, healthy meals at home. but for the moment, if i had a checkbook, i'd be out. what's your reaction?

>> actually, we're covering 90% of the country. and we have customers everywhere from chattanooga, tennessee, to dallas, texas, to new york. >> i think i'm going to change my mind a little bit in light of the fact that you're elsewhere in the country. you know, i'm sure there are some markets where it's going to work more than in others. i'm going to move back towards the in on that one. what about you, barbara? are you changing your mind a little? >> i'm just not a risk taker. i'm used to the hard work in the kitchen and brutal hours. i'm with you on the sweat end, but i can't -- i just can't see this one working yet. >> we'd love to give you a look under the hood, barbara. open invitation to come visit with us. >> i would love to. >> thanks so much to nick of plated and also to our panelists, gary and barbara, and that is today's "power pitch." >> there you have it. a couple of ins and one outs. how about you? are you in or out on plated? logon to powerpitch.cnbc.com or tweet us at #powerpitch. and let us know how you feel. take kayla tauschle now wit

breaking news. >> ilfc sold to a consortium of chinese bidders. in a year since that deal has fallen apart largely because of funding issues. now i've learned that aig is in late-stage talks with the largest aircraft leasing company. it's based in the netherlands. ticker aer. and you can see it moving intraday. it would buy ilfc for $5 billion. a mix of cash and stock in the deal that's on the table. now, we should note these are late-stage talks and that it's unclear whether aig has terminated the previous deal that it had in place. so, of course, with these deals that aren't completely finished, they could fall apart, and there's a lot of ts to cross and is to dot in this situation. though i'm told if it goes as planned, they could announce a deal as soon as next week. $5 billion, tyler, a little better than the $4.2 billion that aig would have gotten from the other deal. you would get aircap stock as well. $2.5 billion market cap company doing a $5 billion deal.

if you're a shareholder, that would be transformative. >> look at the market reaction on both sides of the deal. both aig and the other one. kayla, thank you very much. let's take a look at gold prices and see how they are doing right now. 'tis the season. what's gold doing? down, one more time at 1225.40. and that is the market close for this 12/12/13. been a rough year for gold. sue? ty, let's look at interest rates right now. as you know, we had a weak ten had of year aucti ten-year auction. rick santelli, what does it look like today? >> you know, usually after supply you get a rally. not happening today. it really doing a lot but sticking. look at the chart we just talked about with regard to the auction we had about a half hour ago. and you can see -- but open the chart up to mid-2011. can you see how close we are to breaking out on the long end. two-day dollar index reflects up

day to day, but it hasn't. it tested unchanged on the year yesterday. tile, back to you. >> thank you, rick, very much. just days after gm named mary barra its next ceo, the question now is what's happening over at ford? is alan mulally staying as he certainly indicated to our phil lebeau last week, in a not so critic way. phil lebeau will have more on that and ford's outlook for 2014. all that when we return with more "power lunch." [ male announcer ] once, there was a man

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to rd is unveiling its vo outlook for 2014. it comes on reports they're trying to pin down mulally's plans for his future. the stock is down right now, but phil lebeau has been following not only the outlook for the company but the kind of controversy that's now emerging around mr. mulally. phil, what can you tell us? >> well, we'll talk about mr. mulally in just a bit, but i first want to give you the update from ford regarding its outlook for 2014. the company just announcing it plans to add 5,000 u.s. jobs next year. most of those are going to be salaried jobs. but again, 5,000 jobs is the expectation from ford to add next year. we're showing you video right

now of a vehicle that ford is actually showing to reporters in dearborn this afternoon. they'll be testing this technology along with state farm insurance and a couple other entities. the bottom line is this. when you look at the data -- and they're showing a split-screen video that was shot ahead of time by the company, in this split-screen video, the company is using lidar sensors mounted on the car to scan the road. now, they're not projecting potential sale date for autonomous drive vehicles, but the whole idea here is they are like everyone else, jumping into this whole category of autonomous drive vehicles. look for this to be the big push over the next, oh, five to six years. real quick as we look at shares of ford, we want to talk about what's going on with alan mulally. the ford board is meeting today. and they are expected to, if not today, over the course of the next week, press ceo alan mulally about his plans for the future. again, he has said in the past that he plans to stay through 2014. the problem is this.

he has never publicly denied an interest in perhaps becoming the next ceo at microsoft. and as we know, that search is continuing. no indication when microsoft will make a decision. finally, look at shares of ford. you know, over the last year, and in particular, these last three months, they've been under pressure and increasingly you hear people on wall street saying that investors, tyler and sue, they're a little bit worried about what they're hearing when investors say what's going on with alan mulally. they want that question to go away. >> and he was pretty clear with you last week, i thought, phil. >> he was clear, but he wouldn't answer the basic question. does he deny any interest in microsoft? if he's not interested in that job, they want him to come out and say that. >> phil lebeau, thanks very much. afterer yoos of slumping dvd sales, studios and cable companies have found a way to make money again on movies and tv shows. julia boorstin has more on this game changer. julia. >> well, tyler, forget about dvds.

consumers are now buying digital movies not just from itunes but increasingly also now from pay tv companies. our parent company, comcast, xfinity store which launched november 19th became the top seller of universal's "despicable me 2" in just days, beating apple's itunes and amazon instant video. and comcast was the top seller of digital seller of lionsgate's "hunger games" each of the past two weeks. the launch has been so successful, twen21st century fo. >> we want customers to have choices available to them, and digital is a way to do that. there also is the margins. we are in the rental business, but we are seeing positive margins on the digital ownership side as well. >> comcast follows verizon fios which launched its store back in 2011, now offering 45,000 titles for sale. saying its revenue is expected to grow 60% this year, and it has a 6% market share in areas

where fios is available. that's compared to apple's 52% and amazon's 8% share. but selling content is about much more than just revenue. research manager greg ireland tells me that for comcast, fios and the other cable companies that are sure to get into this business is about getting consumers hooked on their platform to keep them from cutting the cord. sue? >> julia, thank you so much. well, he gets paid $400,000 a year helping kids get into good schools, and we are going to introduce you to him. plus, the "power house." we travel to the top real estate markets in america. today, beautiful seattle. find out how much home your money buys in seattle. when we come back. looking at covered call strategies to generate income? 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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and the fastest growing iphone app ever. all those things and lots more, guys, coming up, top of the hour on "street signs." back to you. >> terrific, mandy. see you at 2:00. it is "power house" time. steven saunders is back with us, managing broker with coldwell banker in seattle, washington, one of the most beautiful parts of the world. welcome back. >> good to see you. thank you. >> these stats are for the seattle proper area where the median sales price is about $707,000. but the average sale price is coming in at about $766,000. there's about four months' worth of inventory, and sales are up 5.3% this year. so let's take a look at our first listing. 2439 lorentz place. list price, $625,000, taxes, about $5,200, three bedrooms, two bathrooms and 2440 square feet. tell me more about it. >> it's located in a great neighborhood, the queen anne neighborhood, the premier

neighborhood that's the closest to downtown seattle core. really the location is 110% here. this is a cute house. probably needs a little updating, but it's got a great view. sits on a nice greenbelt. it's a dead end street, too, so you don't have any cars going by. but really, the outlook really feels like you're in a treehouse. and again, you're so close to seattle. proper. people just -- you know, the walk score there is about 76 to 80. you can hop on the bus and you're downtown. >> quickly, what's your gut feeling about whether or not this would go at list or whether or not because of its location and the view, it will go for above list? >> you know, my gut on this one is it's probably going to go at list. we really priced this properly, right at where we think. however, queen anne has surprised us. we're getting multiple offers left and right here, so we never know. but i have a feeling this one is properly priced, yes. >> all right. let's move on to our second listing. 2317 42nd avenue east in seattle. the list price is $1.1 million.

taxes are just under $9,000. four bedrooms, 3 1/2 bathrooms, about 3,000 square feet. that looks like a very pretty house. >> oh, yeah, very cute tudor. and again, the location, madison park. literally only five minutes from the downtown core. very upscale neighborhood close to washington park and denny blaine. this walk sko are is much higher, about 96. literally you can walk to the grocery store, to the bus, library. very cute house. the master suite on the top level, just gorgeous. and, again, the yard, the backyard with the patio. >> beautiful deck. >> and the deck. really, really nice there, yeah. absolutely. >> i want to save time for our "power house of the week." 24 katherine creek road. it's a ravenswood ranch. and i thought maybe this was a typo, but it's not. it sits on 211 acres. the list price, just about $2

million. about $6,000 in taxes. tyler will faint with that. four bedroom, four bathrooms, 6500 square feet. that looks like a beautiful ranch house. >> yes, i wanted to give you guys something different just outside seattle. this is quite a property. it is actually a working ranch. there's alfalfa that's grown and there's lamb. they raise lambs there. so it is a proper working ranch, but it's really like an estate. the house itself, over 6500 square feet. absolutely stunningly gorgeous. wraparound decks, yeah. unbelievable view. it does come with complete equestrian facilities, a horse barn, a silo, riding arena. there's even a secondary house, a caretaker's house which is three bedrooms, two baths. and again, it really is a sweet property as far as the views and the acreage that you get. now, in answer to your question with the taxes, you can tell tyler this, the taxes are actually much lower because of the fact that it is designated an agricultural farm. >> of course. >> so you do get that benefit.

>> you get that break. how far, quickly, stephen, is it from seattle proper? >> well, it's about a four to five-hour drive time fe, but it isn't that far at pull that why you get this type of acreage for this price. >> thanks for giving us such a variety. >> nice to see you, too, sue. >> tyler, let's head out west. yee haw. >> i just heard from our old friend brad who lives out in seattle. he said that first listing was a steal at $650,000. he says i should buy it. maybe i will. i don't know. >> oh, no, you can't leave me. don't leave me. >> i won't. but he said it's a really nice place. anyhow, we're going to come back and look at the best and worst ceos of the year. a prominent business professor has picked some. plus, educating the rich. robert frank will take us inside the ultra exclusive world of private tutors for the wealthy. rob insert >> tyler, when elite private schools aren't elite enough, wealthy families are paying big bucks for tutors. we'll meet one of the top tutors for the rich and reveal his

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all right. here it is. who are the best and worst ceos of the year? sidney finkelstein has compiled his list.

professor, welcome to "power lunch." let's start with the list nobody wants to be on, worst ceos of the year. we've singled out three. eddie lampert at sears, blackberry and steve ballmer of microsoft. microsoft, sales down 27 straight quarters in a row, probably hard to quarrel with heinz, but ballmer, how do you put him on your list of this year's worst ceos? >> steve ballmer is clearly the most controversial of the picks. but if you look at what has happened from when he started in 2000 to 2013, you look at the market cap down from over 600 million. okay, it was a time of boom time. take it down to 400 million. the stock price these days, the market cap is in the neighborhood of 320. he was given a tremendous set of assets from bill gates, basically monopolies in windows and microsoft office space. since that time one competitor has come in and taken away

business. and yes, they've continued to grow, but not every big company has lost market cap in that time. ibm has gone up in that time, so it's possible. >> he was given a very nice cluster of assets, but he was also given the job, as you point out, at what later turned out to be really the peak of the tech stock bubble. he cannot personally be held responsible for how the market views his company. he's got to be held responsible for its performance, which as you know, you're familiar with microsoft's responses to his selection, has not been bad. the profits are are up. the revenues are up at an increment slightly above inflation. >> there's certainly good things to say as you point out. but you have to really look at the things that were missed. especially in the consumer space where zune came, when ipod was dominating, windows operating system for the phone hasn't had a chance really against android and ios from apple. being in google, i mean, the list -- the list really goes on. and now you're in a situation

where a very conservative culture has been put in place that makes it tough to go after the big stuff that the googles and amazons and apples have been getting. >> we should point out that we asked the various companies on your naughty list, shall we say, professor, for comment, and they declined to comment either at all or on the record. let's look at your best ceos of the year. some of them are not surprises. but some of them are. jeff bezos, akio toyodo. john idle is an interesting one at michael kors. why idle? >> this is a great story because john idol and his partner, chu and stroll acquired the company when it was really struggling. michael kors was struggling. it was in and out of bankruptcy. look what's happened from 2003 to today. why? idol is one of these post-modern ceos. he's put in world class

capability, add in project runway and the michael kors genius. it's impressive. it's will the like you'd have world-class marketing expertise from the nikes of the world running a company in the fashion industry that doesn't always have that type of talent. almost an unfair battle. >> professor finkelstein, thank you very much. it's a provocative list. we appreciate your being with us today. >> thank you, tyler. >> with the tucks school of business at dartmouth. ty, this is one area of the job market that is on fire right now, private tutors. and the rich are paying top dollar. and that's an understatement to give their kids a leg up in the global education race. our wealth editor robert frank is here with more. it's unbelievable what they're putting on the table for these guys. >> it really is. you know, teacher pay may be relative low, but tutor pay, well, that is skyrocketing. demand for tutors for the rich is so strong that some tutors are now making up to $400,000 a year. you heard that right. they also get a free apartment, car, travel and sometimes even a private chef. now, tutors international, one

of the biggest firms hiring tutors right now, says business has doubled over the past year. that's because there are more rich people around the world and a growing number of them want their kids to get top grades and of course entry into those top colleges. nathaniel hannan used to teach in high school in washington, d.c. he once got paid $1200 an hour to tutor for a family. >> there are a lot of perks. i get to travel a lot of places. i've worked in nine countries over the past seven years. all of that travel is paid for by someone else. and it's usually travel that's to great places in great environments. the compensation is good. i enjoy that part a great deal. >> like tutoring for the rich has its challenges. the kids are sometimes spoiled and hard to motivate. then there are parents who sometimes expect the impossible like getting their kids perfect grades or into harvard or yale. they may ask the tutor to travel at a moment's note tois one of their other homes, but they are paid very well.

especially in crisis situations. one tutor we talked to was paid # $80,000 to help a swiss student pass his test at cambridge. he was responsible for a student on the west, but he also got a private jet once in a while to take home. again, a really hot job market for an area where the wealthy seem to pay whatever it takes. >> absolutely. but stressful. i can imagine it would be very stressful. >> yes. >> but nice work if you can get it, right, robert? >> exactly. >> thanks so much. when we come back, the biggest winners in today's down side trading coming up next. the american dream is of a better future,

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welcome back to "power lunch." shares of amtrust financial are taking a beating in today's trade. the insurance company is down around 18%, 19% on ten times the average daily volume and near session lows after the web-based research and investment firm geoinvesting questioned some of its accounting practices. sue, those shares taking a hit. back to you. >> yeah, down 18%. dom, thank you very much. the market is off its worst levels of the day, but still we're down about 90 points on the trading session. some winners that we found, southwest, the dow is down 94. s&p is down 4 on the trading session. southwest air up 3 1/2%.

boston scientific up almost 3. and netflix is up 2.65%. >> the nasdaq now in positive territory. and some of the losses have been narrow. that does it for this edition of "power lunch." >> we'll see you tomorrow. "street signs" begins now. ♪ ♪ when i'm in need yeah, no midas touches today, gold taking a big hit on a little concern starting to kick in in these markets. hi, everybody. your other headlines on this thursday. what today's drop in the dow may say about the consumer. we'll tell you who's leading the decline. why social media names have been drinking tiger blood lately, winning. plus, candy crush -- does anybody say that anymore? >> no one says it anymore. >> candy crush is out. we're going to show you the single hottest iphone