coast holdings. >> long union pacific and a point guard from st. joe's told me florida is going to win. >> they are the overall number one seat. we do have a dow jones industrial average average that is now up 170 points. have a great rest of the day. "power lunch" begins right now. halftime is over, "power lunch" and the second half of the trading day starts right now. >> it's going to be virginia, virginia, virginia, in the ncaa tournament said the old wahoo. check out the numbers. as you see right there the nasdaq higher ben 44 and the s&p 500 about 1% higher or 17 2/3. we'll have full coverage tick by tick all hour long. >> crisis in ukraine. now that crimea has voted to join russia, the united states fires back by imposing sanctions on 21 people. some brave people see the crisis

as a potential investing opportunity, a way maybe to make a fast buck. if you you this they are right and you want to play, we'll have some ideas for you later this hour. the ultimate powerhouse. there it is, the address, fifth avenue, park avenue, forget it. it's central park west, the address of some of the world's biggest business leaders, call it home, stars, media folks, lots of folks, sue. how do the megamoney people that can pay tens of millions for an apartment get along as neighbors. can i borrow some sugar? >> i was just going to say, can i borrow a cup of coffee? >> can el borrow a couple billi billion? >> wouldn't that be nice. the markets are up big, along with many traders, we're watching the dow, the transports, right now the transports are up 60 points on the trading session. the ten-year note is trading on -- at a yield of 2.68%.

the dow meanwhile, is up about 178 points on the trading session. mary thompson is here at post 9 with some of the details. >> hey, sue, we're definitely in rally mode. the reason, of course, no surprises that crimean vote going as expected over the weekend. also getting decent economic numbers today, specifically in industrial production and capacity utilization. basically strength across the board, looking at all the sectorses. take a look at the best performers. a lot of the industrials getting a bid off those earlier numbers. the winning sectors, i.t., information technology taking the lead followed by industrials, and health care today. specifically we are seeing strength in the semiconductor base, and of course biotech, which has been a standout sector for well over a year now. back to you, sue. >> thank you, mare,. let go uptown to sheila and the nasdaq. >> hey there. i'm feeling bad i forgot to wear

green today. you both look so nice, but there's a lot of green to talk about at the nasdaq. 100 in composite, rebounding nicely. you're seeing leadership from three areas. the first one is large-cap, so names like microsoft, google, appearing really leading the nasdaq higher. the biotech is having a great day, up over 1.5%. b biogen is one of the leaders here. semiconductors, all getting a nice bounce today. qualcomm in particular got bullish notes, saying the company is well positioned in. we have yahoo!, one of the billing winners after ali baba. it's perhaps going to go public here in the states. also facebook, i will note is in the red today, a downgrade over by argus research, but overall a lot of the social mildia and

enter net stocks are holding up just fine. back to you. >> thank you so much. abigail, what do you make of this market? we did get the correction you were looking for. how does it look now? >> what stands out to me is the complacency. we have this situation in russia escalating. it makes sense to a degree, because we are in this age of the fed's got our back trade. however, i think that investors really need to take the possibility that the fed can't solve this situation. when i look at the charts, my angle on the markets, the vix looks like it's setting up to be higher than february. the s&p looks like a reddy for a move down. i think we're looking at a move to 1738, february's low. bottom line volume tilts, investors should be kalb, especially since the fed is taking the taper seriously. >> right. mids yell len, will of course

convene the fed this week. do you agree? >> i do, to the extent we chatted last week, and i thought the dip was not over yet. yes here we are. i don't understand the rather strong reaction. so the fact of the matter -- you hear of pipers. >> they're here for st. patrick's day. >> one of the great traditions. >> absolutely. as a matter of fact they're going to be right here at post 9 any second now. this tradition has gone on really for -- since the beginning of the stock exchange. >> hundreds of years. usually you would have groups of guys standing around singing or the pipers come through. you know, duncan is a guy who has been playing, very well known in the industry, and also the bagpipe, so it's a pleasure to have him as a member of the exchange come and play for us. >> absolutely. you're going to be hearing them

for quite a while here. but just, you know, ben, since they're behipped the second post, maybe we can hear your market thoughts better. >> i was hoping to sing along at some point. my thoughts on the market, is i think this is a rather strong reaction, i think this smells of short covering and panic when we broke above certain resistance levels, 1840, 1850 on the s&p and carry-through, but not real great conviction. there's a broad range of most major industries, and the fact of the matter is we are seeing money come into equities we had not seen coming into the market. the groups stharn just mentioned as a matter of fact, the materials and some of the techs seen rolling into the old names. >> thank you so much. kind of nice to have a musical background, right? thank you both. appreciate it. ty? more from the bagpipers in a couple minutes, but up to you. >> a real switch in sort of the theme here.

to ukraine now, president obama targeting 21 ukrainian and russian individuals with sanctions and ethreatens more. yesterday crimeans voted to leave ukraine and join russia and russia is expected to quickly annex the province. it's been a rough three months for russian stocks. there are the three main etfs. all down 20% over the past three months. tim seymour invests in russia. he will answer more in two minutes, first to steve liesman and michelle caruso-cabrera, you are both hearing that some hedge funds are starting, maybe not surprisingly, to sniff around in russia, the stock market is down, but up today. >> it doesn't make up for the huge declines we have seen over the last three months. there are arguments to be made

that the market is cheap. when you look at the multiples, gaz prom, and now there is an historical fact pattern that when you see a sell offlike this in russia, what putin often does, he pushes hi aim, whatever it is, regardless of the problem, and then works to rebuilt. we've gone back now to 2003 when he was arrested and the whole world said the president of this country is really ruin a i'm going to -- >> '9 , '97, and they defaulted on their bonds. guys were back in sell their bonds within like two years, so there's a history of these kind of extreme events in russia, and the investors coming back.

right now what we hear over the weekend, see these valuations? effectively this has you kind of checking your passport at the control when you come in and say check your ethics. let me tell you what the play is here. the play is it's crimea and no more than crimea. it's a play on putin not going into eastern ukraine. there is another leg down for the russian. the stock market may be global stock markets if there's a move into eastern ukraine. if it stops at crimea, which a lot of people are saying is gone already, there's perhaps another plate where russia rises from the ashes. >> so tomorrow morning is when we start toss vladimir putin address the shy. he's going to speak to the duma. >> one of their main tv anchors on russian state television, where he basically says when you look at this video, he's

standing in front of a mushroom cloud, and he's saying that russia is the one country left in the world that can smash the united states to smither ev eer >> that's the stuff you have to ignore. >> but we're on capable television, so we like to amplify and amp up the angst. >> this is what you have to ignore. >> this is a russian broadcaster presumably on a -- >> the state-sanctioned russian one. >> watch our. >> reminding us of our mutually assured destruction. >> tim seymour has played the russian market for years. what do you do here? do you go into russia right now? do you check your ethics at the door? money may be agnostic, but individuals are not. >> forget the ethics, but there are issues that i think are important. you have a chance for at least a tactical play where i think the

market was oversold, but i've been investing in this market for 18 years. it is not ugly enough to be going along russia here. there are great corporate stories stocks down almost 30%, they are seeing a large growth, this is a consumer play. yandex trades -- -- it's a fantastic global search company that's holding google off in russia, and gives you 40 to 50% growth. those are great things, but you don't see enough blood in the streets. you have been i'm talking to, my brokers especially don't see anybody buying. i wouldn't be chasing a relief rally that the sanctions of 11 lids, visa sanctions slapped on them. the big news is really the 21st. we'll see what follows through, but the u.s. is going to take a very tiered sanctions approach

to russia. >> tim, what is your take on whether or not putin rolls into eastern ukraine? is it right to say if 24th doesn't roll? then the market is at a bottom? >> take the most extreme negotiating position you can and back off. that's russian tactics 101. if you read the comments from putin yesterday. he set the prelude for adding the fear factor by saying we are in and out worried about security interests in eastern ukraine. >> but that's the extreme position if he's going to back off of that, then he's not going to roll into eastern ukraine. >> the domino theory, if today it's ukraine, is it tomorrow latvia, estonia, wherever. >> you bring up a good point. i think what people are missing is putin is much more concerned about a uracialia -- so quite frankly he will continue to prove oindicate and that would be the story.

for those doing this a long time, what's different is there's much less geopolitical hope for russia in the west. i would say on the russian side, there is a much more nationalistic sense of what putin is doing, even by well-educated russians than i have seen in a long time. that concerns me. >> a quick quote from christopher granville a trusted source. he goes so far to say the market will not survive if the russian government responds by quickly incorporating the region into the russian federation. the russian market will not -- >> i don't agree with that. >> because he expects rolling sanctions. >> he's one of the brightest guys out there, i just don't agree. >> that's the -- i actually would be looking for that. >> tim, it seems the west is ready to accept the crimea annexation, the question is, will it accept any more? >> i'm sure this is one weep be talking about for quite some time.

michelle is working on another story involving navy s.e.a.l.s who parent went on board and took back a vessel that had been command eared? >> so the eastern half of libya has been taken over by militants, controlling some of the ports. they illegally hired a tanker to come in and load up 250,000 barrels worth of oil that they hope to sell to fund their movement. cypre cyprus asked for the u.s. to step in. navy s.e.a.l.s seized it. we haven't heard much more details. >> this is a north korean flagged tanker. >> even though north korea claims they don't have anything to do it. you just don't know what it is. >> the thing is filled will oil. >> filled with oil. >> libyan oil. >> that the guys had command deered, stolen, et cetera. >> anyone injured?

>> we don't know. >> early reports were no one was are you readied injured. thank you very much. sue, down to you. >> thank you, ty. to gm. a new round of recalls for general motors. we're finally hearing from the ceo mary barra. over the past month the stock is down about 5% phil lebeau joins us with some of the details. phil? >> this is a case of gm trying to get out of in front of the this recall story with the announcement of more recalls. let's start first off with the most important news for those investing in shares of general motors gm is taking a $300 million charge related to the 1.6 million vehicles recalled for the ignition switch, and those new recall announcements basically breaks down like this 1.18 million vehicles '08 to

'013 vehicles. a wiring harness is the problem. and finally 63,'13 and '14 models. just a few minutes ago we heard from mary barra about the company's commitment to get in front of these issues. >> these are serious developments that shouldn't surprise anyone. after all, something went wrong with our process and terrible things happened. as a member of the gm family and a mom with a family of my own, this really hits home for me. we have apologized, but that's just one step in the journey to resolve this. >> so what happens next for general motors. repairs of 1.6 million vehicles involved in that ignition switch recall will start next month. mary barra said they are doubling the production line, making the replacement switches. mean white national lest traffic safety organization is urging

them to get the repairs done quickly. this is not something you want to mess around with. if you look at shares of general motors, maria barra said two other things that are noteworthy. first of all, these continue to conduct an intense review. they set up a recall war room in the headquarters and said there would be more developments. clearly gm trying to get out and flush everything out, which many people have said, you have to do that before you can move forward. >> phil, hang you for keeping us up to date. to the home building sector. homebuilder sentiment coming in. here are the stocks are doing. kind of a mixed bag. diana has some of the details on that report. >> reporter: you would think that the weak homebuilder sentiment would be about all this, getting whacked by the winter weather again, but they

say they're more concerned about the high cost of land and materials and the lack of skilled labor. sentiment did end up one point in march, that after the monthly survey from the nationality association of home builders dropped ten points in february. the hmi now stands at 47, a reading below 50 is considered negative. it had been up well above 50 now, the three index components, current sales rose one point. sales expectations fell one point to 53. buyer traffic is still in the worst spot. that is, though it rose two points to 33. now sentiment fell the most month to month in the northeast and out in the west. you can blame weather in the northeast, but in the west it's about lack of nifb torrie. now the builders have been reporting a softer first quarter of this year. those were the words we are

expecting earns this week. and always more online. and sue, i'm supposed to have cherry blossoms behind me by now. >> i know. i know. they're coming sometime. you can see from her backdrop, it was snowing in washington this morning, the federal government and many schools are closed today. the question is, is it over? here's the weather channel's tom niziol. >> we'll see snowfall begin to wind down in places like washington, d.c. and philadelphia today, but what a relentless winter. let's look at the statistics for a place like philadelphia. that is a second highest snowfall on record for philadelphia. i'll tell you what. the cold is another issue we have to deal with. daytime ties 32, philly 35, new york city 37. as much as 25 degrees below

normal across this part of the world. gull over to our next winter storm. that's the pacific northwest, spreading snow across the merchandise puff the west, and then it beginning to produce snow and wintry mix from minute plus through duluth. this will be in that time frame from tuesday night into wednesday. the snowfall will be heaviest just to the north of minneapolis. let's take a look at that. right now we're forecasting as much as 5 to 8 inches of snow in the purple, what i call shovelable snow. about 2 to 4 inches in the city itself stay tuned to the weather channel for updates. we'll send it back over to you. tom niziol reporting. this is the address, 15 central park west. lloyd blankfein lives in that beautiful sunny build. sandy wild called it home for a wild. dan lobe had problems with the

swimming pool committee. the list goes on and on. a-rod and more. do they get along inside those beautiful gates? more "power lunch" in two minutes. minutes. there's a new form of innovation taking shape.

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cholesterol among patients. those shares up about 1.5%, gnc, credit sweet downgrading it to a neutral. >> thank you very much. 15 central park west is one of the most expensive coveted residences in all of manhattan, and pretty much from the world, a veritable who's who of high finance, techies, power players. these are who they call bold-faced names, plus like carl icahn who tried and failed to get in. half a trillion in net worth or assets under management. that's just the wall street money alone. michael gross has a book called "house of outrageous fortune" it's a fun read, taking us inside this ultimate powerhouse. mikal, welcome. >> good to be here, tom. >> one of the things that distinguishing this building from lots of other a-list

buildings in new york it's a condo, not a co-op. >> all of the great buildings were co-ops until this severalry, because they were grounded, they were for new yorkers, for people who were rooted here, wanted to be part of it. but foreigners -- >> and if the owners didn't like you, you didn't get in. >> they were all about rejection, they were a club, then come the '70s, first luxury condos came for foreigners, for riffraff, for others, but what's happened is the others now rule the world. the people who used to be rejected are now in charge. >> different neighborhood, west side as opposed to the east side where the old gold coast of new york was. is this a basicer building, a hollywood star building? >> they call it the hedgie hive, because the largest tribe are alternative investment bankers. old money in this building is

tyler ellis, perry emis' test tube baby. you begin the book with a stand offbetween between two hedge fund guys. they both apparently wanted the same unit. tell me the story and who won out? >> when the offering plan came out and the apartments were available, as if a dog whistle went off. carl icahn was friends with one of the developers, dan loeb friends with another. they both wanted the 39th floor where there were two penthouses that could be combined to the largest and highest apartment in the building. only icahn wanted to, and dan loeb brought a check. icahn went ballistic, dropping f-bombs. >> i can't imagine he would do that. >> me neither.

>> it boggles the mind. emplgts he did it to me when i called to ask about it. >> it isn't just hedge fund types. it's people in media, people from around the globe. tycoons from dubai and london, russia and so north. we have arabs, palestinians, people from google, yahoo!. >> a-rod live there? >> a-rod was a renter. the celebrities in this building are kind of the lesser -- >> sting. >> denzo. >> sting has a good apartment. denzel has a cheap apartment. $13 million at. >> did people like a-rod? >> he hated it. he was considered a douche by the staff, because hi mistreated people. he had some nasty habits that they took note of, and they were

willing to tell me about it, because he was so rude to the staff. >> what did a typical doorman get in tips at holiday season? >> the lower members of the staff walk away with about $22,000 cash at christmas. it goes up into the six figures for people who give services rendered, special favors. i was told that the super rakes in about $600,000 a year. >> michael gross, good luck with the book. it's a fascinating read. if you'd like a sense of how the other half lives, it's called "house of outrageous fortune" on sale now. sue? another example of the fact that we're in the wrong business some days, ty. all right. thanks, guys. that, as you know is a picture of fed chair janet yellen. is she about to make big policy changes? steve liesman has been talking to some insiders about that. he'll join us in two minutes' time. the dow is up 166 points. is up .

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pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ janet yellen's first news conference as the head of the fed, now just 49 hours away. you see the big -- >> did you do the math yourself? >> you'll be there for this. >> it will be interesting. what do you expect her to say, do? >> she came along and promised

continuity with her predecessor ben bernanke, but circumstances are kind of dictating otherwise. first of all she's likely continue reducing bond purchases by ten million, but he faces a tough task on when it will like rates. we're calling this the endangered guidance. the fed says zero rates are appropriate with unemployment above 6.5 and inflation no more than 2.5. we're already at 6.7. and many says there's much more slack in the job market than indicated by that rate. yellen's choices, lower the threshold number. or what i'm hearing more support for is some sort of qualitative guidance. the problem is there's no good single measures that brings together all the different aspects of slack, and few analogs for this time in history are retiring. take a look at some of these

numbers. 7.2 million americans working part time due to economic reasons. 10.4 million unemployed americans at a mere report 91 million americans, about 3% of the civilian population not in the lake force. that's students, retires some of whom could be attracted back into the labor force if the pay is right. we'll also be watches the fed's rate forecast. so what we're looking at here, the fed is forecasting a third, but the first rate hike coming sometimes in 15. 2% in 2016, and 4% or 3.8% over the long one. wipe watch toss numb her. just remind me, it is 6.5 is the unemployment number at which -- >> the fed will consider thinking about raising rates. >> consider thinking about -- >> they don't want itting to a trigger, like at 6.5% we'll raise rates.

at 6.5, the way is clear to begin discussing it. the trouble is it's not serving any useful purpose. she needs to get rid of that, and the question is what she replaces it. i think she'll talk about broad labor slack in the market. >> we'll be watching on wednesday. see you then. >> look forward to it. sue, down to you. well, the metals markets are closing. we're down six bucks on the gold market. silver is also negative. copper once again under pressure. palladium a bit of a bounce. watching the situation in russia very care flfl. is it time to treat gold as a safe haven again? mmt ehir, what do you think? >> i agree. over the last two weeks, what you have seen is unrest in the ukraine and divergence in gold and s&p.

over the weekend you saw that ease, and gold is down $10. >> thank you. appreciate your perspective. >> thank you. out to chicago, where rick santelli is tracks the interest raid and currency action. ricky? >> thanks, sue. aisle city trying to understand what tyler and steve were talking about with the fed. it's really important, but it's not really important. i don't know, i can't wait for the press conference on wednesday. if you look at a chart of tens, i can see things more clearly. we're up a couple basis appointments after the crimea referendum after our high yields on friday. if you look at a two-month chart, the treasury market is pretty much committed to a pattern. momentum is to yields to the down side. there have been corrections, but we still sit about 35 basis points lower than where we settled last year. if i look at the euro versus the dollar, it answers all

questions. does this look like a currency where there's aggress in the backyard? it didn't so toe m the etf for munis, it's about to break out to the best levels -- we had the mayor of san jose. nobody really care being that anymore. steady as she goes. >> no, but that was a great interview. thanks. you want 165 points on the dow the market shot higher right through some resistants levels. >> as you said gains here, what we saw was the crimean referendum as expected. we've seen a bit of short covering here today. basically the markets not only here in the u.s., but around the globe are in rally mode. the russian index also stronger today. the eem, which is the etf that track tracks the emerges markets, all of benefiting. the s&p 500 broke through

resistant which becomes near term support and has remained above those levels fairly steadily. it looks pretty solid for a positive close, which would be the dow's first up closes in six sessions. goode, we are talking about it earlier, it is going to be on track for the best quarter for gold in 27 years. >> really? >> so you can see -- >> that's a great stat. >> so you can see the obvious concerns about what's happening geopolitically has benefited gold over the last quarter, but it's been a strong one for it. >> thanks, mary. ty, up to you. >> thank you very much, sue. meet a man who measures uncertainty. he has very interesting information to share on confidence of the business elite in america, which is of course his business. dominic chu on a big bellwether investor. >> i'm looking at the materials sector and materials etfs.

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welcome back. we are in rally mode. the nasdaq and composite up, about 80% of the nasdaq 100 in the green with particular strength in chip makers, biotech, and large companies. two things to mention. the company makes domain names and manages thor contracts. the government recently said it was going to come in and privatize that process, so a lieutenant of concerns about what will happen with v. reform isign's contract. one winner today is asple after some positive mentions at isi group. analysts this could we had see a major up cycle if they come out with a larger scream. parm the user base has screen envy. this could be a big deal for

them. >> sheila, i absolutely agree with that. i think they missed a beat there. >> it is up 31%. 33%, look at that. in the last three months up 9%, making -- want to own these etfs which cover a lot of ground, dominic chu with more on the materials. wifgt talking about these materials stocks. three are actively traded. the i shares basic materials, iyn, and materials select spdr with xlb, all of them very similar top holdings. after all, only about 30 companies that make up the broad materials sector. generally speaking, the top ten biggest holdings are all up around half or more, very concentrated, if you will. the top three stocks are all very tactic, two of them very

large names. a big performer in the dow, the other is dow chemical, here's the interesting part. both stocks are up for the year. chemicals are the biggest industry group represented in each of these funds, but here's a pop quiz. this will be interesting. can you name the other top three holdings, that is not dow and not basically dupont? >> of a material stock? you tipped me this was coming. i couldn't come up with an answer. >> we don't often think of it about a materials stock. it's head quartered in missouri. >> monsanto? >> it's all about seeds. so monsanto is one of the biggest holdings on all at least of these funds. it's a seed company, the world's biggest. do you know what the 1ekd biggest seed company in the

world? >> get this, it's depont. so not only chemicals, but agriculture product as well still very big names. >> dominic, thank you very much. sue? you guys are just too good together. all right. coming up, we're going to talk to this man, the professor of economics at stanford. he has his own index. it says be happy if you are in business. we'll tell you why, next. .

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economic uncertainty is lower than it's been in some time, according to this gentleman, professor nick bloom at stanford. he joins us. welcome, professor, nice to have you here. >> thank you. >> you used the economic uncertainty index, bakley made up of three components, one that quantifies the newspaper coverage of ten major

newspapers, the second reflects the number of tax code provisions set to expire and the third using the disagreements among economic forecasters as a proxy for uncertainty. it's a fascinating index. what is it telling you about right now? >> right now it's telling sudden policy uncertainty is polling dramatically. uncertainty is broken out. we've seen years of fighting between democrats and republicans. finally in spring this year, that is over, and stability seems to have returned to political markets and the economy. >>. does that necessarily translate into better performance on wall street? >> yes, i think it does. it's great news for the economy. it's very hard to plan to invest and hire if you don't know

what's happening. for the first time in several years i think we have much more certainty. how long that will last is not very clear, but right now it's a shot in the arm for the economy and i think it's the beginnings of the recoveries we have been waiting for now for at least five years. >> very quickly, does it also translate into more hiring by businesses if indeed the certainty is there? >> yes, certainly. you can imagine you're a small business, you're thinking about taking on extra employees. you don't know what congress will do next. you wait. and finally we've had a lot more certainty. there are some dark clouds on the horizon with things like ukraine and north korea, but generally in the short run things look clear, but i think we're seeing a hiring rebound. >> professor, thank you. it's great to get some good news. appreciate it. ty, up to you. >> all right. the iconic beer maker is -- why

did they choose to drop out of the oldest st. patrick's day parade in the country? yale raising its tuition price. what should be done about the soar during go and vote now. g g. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade.

what's more eye run than a glass of guinness, but they dropped out of sponsors the 253rd annual parade on fifth avenue, due to the policy of not allowing gays to march openly. that's the parade organ icer's policy. the mayor not marches. heineken dropping its responsibilitiesorship. this is a touchy -- >> the rule is clear, which is

to say, you can march with us, but you can't hold up a sign talking about your sexuality. this is about being irish, now about people's sexuality, but going for the corpses it's a no-brainer. the tide of public opinion moved so much toward acceptance, you just can't prevent people from marching. >> i think everyone from the president to the pope has spoken out, and i think the only thing that will get their attention is when you take the beer away. the group that. >> eichen order of high beerians? they are not commenting. it's about being irish, not about sexuality, which should be a separate parade. >> the cost of yale ace undergraduate will rise 34% to $59,800, including room and board. we asked bhashd be done abowhat

should be done? 26% said prices need to be capped 3% said more government-based loan, 7% said more government funding. cindy, it goes up and up and up, but i have a feeling with the presence and previousens of online education, that eventually that number is going to start to come down. >> you know, i think it is going to take something like that for universities to finally wake up. we keep hearing about these price increases. what drives me crazy is we're not hearing what they're getting back. what are they adding to the equation. i had dinner with a bunch of university presidents last week. i asked how do you respond to the mark zuckerbergs or bill gates. we're getting the message you don't -- and they gave me lofty answers like, well economically, you know it's important to have, you know, it was just really out of touch with what needs to happen.

>> $240,000 for four years. i love yale, but -- >> that's a bargain for kinder garden in manhattan. so i think yale is doing a good job taking a lot of money from the wealthy and subsidizing a lot of underfunded people. >> "the washington post" shine ago spotlight on the mill lineals, only 50% are contributing enough to take advantage of their employer match on h40 1 k issues robert, what's going on? my son does not understand in the least how to balance a budget. >> i think it's more than that. i think it's really the economic climate they're entering. it is the student debt, over a thrill ondollars, it is the fact that unemployment for this age group is over 13%. if you look at where this generation is versus the last

one and the previous two, they're at a much worse place economically. >> quick final thought >> cindy? >> i get frustrated. they grew up in tough times, we hear that ute time. my paints' generation grew up in tough times. these kids believe they have a safety net. my parents didn't. >> it's their parents. move them back home. >> i can't tell you the number of times that we had can of beans for dinner story. kids these days don't have that story. stocks are rallies. ty, just a moment ago we were up 180 points. big winners on a big up day, coming up next. coming up next. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs.

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welcome back. the company said one of its trials of the experimental liver disease drug showed a higher occurrence of heart problems of patients than those given a ploo eastboundo. the -- had a higher number of heart problems than the placebo group, the results were not statistically significant. back over to you, sue. >> down almost 12.5%. our market is going in the

opposite direction. the dow is up 173 points, the high was 200-plus points. broke through resistance at the 1850 mark and 153 mark. the nasdaq is up 1 full percent. first solar and -- and f-5 networks. that's it po "power lunch." "streets signs" begins now. slg. plus why something happening in china may be good for yahoo!. if your glittering best new bet, the