you, right? so that's what happened. we can go in the chambers and talk about it after the show. >> that's just game theory, joe. >> final trade what do you like? >> m & t bank. >> joe? >> how about yelp, long. >> josh. >> mastercard, buy. >> have a great rest of the day. "power" starts here. >> announcer: halftime's over. the second half of your trading day begins now. >> scott, folks, thank you very much. free markets, fair markets, new york state attorney general now trying to slow down high-speed trading. would even the playing field or maybe make matters worse. gm's recall. the company taking action today. their big move is hiring or promoting from within. a global safety chief. who is it? what's this person going to do? should they have already had someone in this position? after an earthquake yesterday in a part of the golden state that doesn't get too many in specific, is it a sign that california is about to see more

seismic action? and get this, two anchors under the same roof, sue. >> i know, who knew, who knew. it's great to be with you up here at headquarters. let's focus on the dow. we had a very strong morning. the dow up triple digits earlier today. right now, up 82 points, 16,330. the s&p also had a firmer opening. right now, the s&p up almost 11 point, better of that .5%. the nasdaq is the winner on a percentage basis. it is up almost a full percent on the trading session. as for interest rates, we've begun of course the two-day fed meeting. right now, the ten-year yield is at 1.674%. one of my favorite things to watch, the transports, up at 50 points to the upside. and comex gold with the market rallying, well, some steam coming out of gold, down about 11 bucks on the day. big question for inest hafst ve and traders alike today is a plan to change the rules on high-speed trading. would it make the markets more fair or would it make it worse?

now, some of the details on that. >> new york state attorney general eric schneiderman very critical this morning of high frequency trading in a speech in new york. he said some of what's going on in the high frequency trading world is essentially insider trading 2.0. take a listen to the attorney general this morning. >> building tremendously lucrative advantages into markets for high frequency traders at the expense of the investing public is wrong. it's time that we focus on structural reforms and restoring the mind-set of winning based on price, winning based on smarts, rather than winning based on speed. >> now, he didn't single out this firm by name but he did refer to a stat in the ipo filing last week. what's attracting schneiderman's attention is this sentence in their filing, as a result our real-time risk management technology, we have had only one losing trading day during a total of 1,238 trading days.

that's from january of 2009 to december of 2013. that is a long time for a winning streak. schneiderman raising some kweps about that. virtu did not respond to calls for a comment about this. buy a high frequency trading association did respond. they say location and market data feeds are the modern markets demock contractization of the process. similar to having people on the trading floor but it allows for more participants to have the same access than the floor ever did. that's peter nabicht of the modern markets initiative. now, to the floor of the new york stock exchange where they're always focusing on high-speed trading. >> do we need tough regulations for high frequency traders? let's talk to joe,co head of trading. keith roth is ceo of enterprises. he joins me from chicago. you're one of the godfathers of people who looked into the

underpinnings of high-frequency trading. what's your response to what the attorney general said today? >> thank you, bob. certainly examining high-frequency trading makes sense. but it's been a tremendous efficiency for the marketplace. i would agree with peter neighbt that it's democratized access to the floors, has made things much more efficient for everyone. >> you've been one of the frequent critics on high-frequency trading. what's your response? >> the attorney general didn't necessarily point. he talked about the enablers or the system. he's talking about the infrastructure. the exchanges. the data feeds. the location. the high-speed switches. the payment for flow that's inside this model. if hfc is benefiting at the expense of others, that's what we look at. >> i'd like to ask keith a question. i understand the liquidity argument. and i understand the

democratization argument. but the perception on main street is that high-frequency trading, the dart pools, that it creates a rigged game. whether that is true or not is kind of beside the point. that's the perception. >> yes, and -- >> wouldn't regulation or some sort of regulation go a little bit towards alleviating that perception? >> my concern would be that the regulation creates another effect that's going to be even a bigger problem. so it needs to be very careful what you look at. it was designed to give people an incentive to display their orders in 2005, and it's turned out that dart pool trading has accelerated even faster. so you need to be very careful. but there is a method to do that now. you can have a competitive electronic auction in the marketplace that will essentially recreate the floor dynamics of the preelectronic era. >> joe, let me jump in, if i might. joe, is there anything wrong, on its face, with someone having a

faster computer or a better algorithm that gives them an edge? isn't that the inexorable sort of upward movement of progress in technology? and shouldn't we applaud that, not revile it? >> absolutely, not anti-technology. if you can run faster, that's a great idea. however, you need to start looking at why the system has been built the way it is. advantages that are being taken advantage -- look, if you have access to a data feed and you can see something before the security information process and if a dart pool is pricing off of the sip, we've got two different quotes. here's the thing, all you need to do is surgically take a look at some of these issues and the market will fix itself. >> i need a quick answer for both of you it, i want to answe the same question. mr. snyderman says he wants a speed bump in trading. essentially a little break in trading, maybe some point where you could even trade at a certain speed. would that work?

is that even practical? quick response. keith first. >> i would go back to your comment this morning, bob. it just shifts the speed race to a different place, it doesn't solve the problem. >> look at the plumbing. we don't know. maybe you need a pilot program. take a look at it. i can't answer. i do know there are problems inside that need to be addressed and the regulators know about it, the sec -- they had a proposal in '09 to take a look at dart pools, a proposal about flash orders. they did nothing. hae ta they talked about latency orb traj. now they have to look at why it isn't getting fixed. >> why do you think -- >> no, because the industry comes out and writes a million comment letters against it. >> joe, keith, thanks very much. the debate will go on and on. we haven't solved anything. thanks very much. >> it's going to continue. thank you gentlemen, very much. bob, let me turn you to the market. and bring in our analyst, director with o'neil securities. think i just gave you a

promotion there for a second there, kenny. >> thank you. >> and you'll take it. the market lost a little bit of steam after it opened up but still another strong opening. we've stayed up against some of those resistant level, up above them. that seems to bode pretty well. >> it does. i think that, you know, we've seen that happen right around 7:30 this morning. the news came out really with -- putin's speech there, where he was talking about actually not going further than crimea, right, he's got no intention of taking over ukraine, so he says, and you saw the futures go from negative 5 to plus 7 quickly because it's that sense of maybe the tensions will ease, you know, maybe this will deescalate. you've seen it today, we had some mixed economic numbers. not bad, not really great, but certainly solid numbers, certainly helping to hold the market right here near the highs. >> isn't that incredible, that putin says i only want crimea, i don't want anything else, and everybody thinks this is a breath of fresh air as a comment. angela merkel even came out, the chancellor of germany, saying we're looking for diplomatic

solutions. they're all looking for a way out. and the market rallies. >> i think the market got exactly what it wanted. crimea wanted to go back to russia. that's the sense everyone had. 98% of them voted to go back. there was no bloodshed. there was no war. in that sense, the market is celebrate, right, it likes the fact there is not an escalation of tension. >> what does the market want from the fed, kenny, or anything at all? or what is it expecting, perhaps better said. >> the market is expecting janet to come out and qualify her statements, talk about the new qualitative measures she's going to take. she's always going to leave herself a way out, right, because in case things turn bad, she's going to have the ability to jump back in. but they're certainly going from 6.5% down to 6% in terms of unemployment. that's been talked about now for a couple of months. >> and another 10 billion. >> the market's ready for that. if it doesn't get that, then i think the market gets a little bit confused. as long as it gets that and it gets the clarification on what the new qualitative measures are, then think the market's

going to be fine. >> so slow and steady? >> slow and steady wins the race, like the tortoise and the hare. >> let's go over to dominic chu for a market flash. he is neither a tortoise nor a hare. >> shares of u.s. steel are storm back to the upside, after losing nearly a quarter of their value since highs in early january. some bargain hunters may be stepping in. remember last week, late last week, analysts over at credit suisse downgraded the stock to an underperform. but said that the possibility of a floor in steel prices may not be too far off. steel, though, x shares are down about 15% in 2014, tyler, back over to you. >> shares of gem motors higher today but the stock is down 15% over the past three months. a wave of recalls hanging over the company. ceo mara bara speaking to reporters today, phil lebeau in chicago for us. >> a discussion between bara and

reporters at headquarters in detroit. essentially, here's what she had to say. didn't provide a lot of detail in exactly what went wrong when it comes to the recall investigation but she did answer some questions, admitting, yes, the recalls took too long. and, again, she didn't get into details about what's being investigated, but she was asked about tony valucus who's been hired by gm, a former u.s. attorney, to investigate what went wrong. she said, we won't sacrifice accuracy for speed but we want to do this as quickly as possible so we can move forward. this is just a handful of steps that we are taking to make sure our recall process is going to be timely going forward. that internal investigation may take a couple of months. bara said she had no knowledge of the ignition problem before a committee brought her the idea of recalling these vehicles. she also defended the safety of gm vehicles. by the way, she made it clear if you still have one of these cars, use only the key, not the

key with the key folk on the ring, just the key. also appointed this gentleman, jeff boyer, to be the new vehicle safety vice president. he will be in charge of all safety matters including the recall process. he will report to the top executives, including mary bara, including the board of directors. you guys mentioned, down 15%. but it has gotten a bounce here of up more than 4% since bottoming on friday. >> phil, quick question. the gentleman who's been appointed their chief safety officer, was that a vacant position, a newly created position? >> newly created. >> it seems curious they wouldn't have had such before. everybody on wall street has a chief risk officer, for example. >> what they have is a committee that decides on recalls and that committee is still there but he is now going to be in charge of all issues involving safety. one other point here his direct report -- he'll be filling in mary bara and the board of directors but his direct report is a gentleman in charge of

safety issues as this entire recall process played out. mary bara was asked about this today. didn't give a lot of indication about what relationship and what this other gentleman may have known. there's going to be more questions about that. >> they had a safety committee. the old saying about committee is a camel was a horse designed by a committee. the ongoing mystery of flight 370. overnight, i read a story indicating the flight computer, that manages -- >> the flight management system. >> -- may have been chnged. >> the idea is when you look at the tra jekty of flight 370 after it lost communication, it's clear that it made a diversion out to the west. this is not something the pilot could just do by grabbing the throttle and turning the plane. they now believe that -- i say they, investigators believe the flight path was put into the flight computer after communication was cut. that system is located in the cockpit between the pilots. reprogramming it, by the way, is

not something you and i could just go into the cockpit and do. you have to have some knowledge. it takes about eight keystrokes to punch in where the plane needs to go next. so this was programmed in terms of where the program went after they lost communication. day nine of the search has turned up no sign of any debris. they are searching along those two arcs, you see that middle point there in red, they're searching on those two arcs for this plane. as you go to the south there down into the south indian ocean, off the coast of australia, really not very close to australia, there is a navy poseidon doing some searches in that area. we've talked about this, they continue to look into the background of the two pilots, because it's clear when this plane was diverted, tyler, whoever die veerverted the plan either had the pilots doing it or the pilots themselves made this decision. obviously, more questions than answers at this point. >> phil lebeau, thank you very much. of course, a story everyone following with great interest.

sue. >> absolutely, all right. happening right now, disney meeting its shareholders. the big event starting as we speak. the shares are up 14% in a year. they're up two-thirds of a percent today. in the last three months, the stock is up 15%. morgan brennan is live in l.a. with some of the details. hi, morgan. >> hi, sue. disney's kicking often its annual shareholder meeting and we've got news to share. according to a regulatory filing, disney is tweaking the wording in its proxy statement as it relates to the chairman position. here's the gist. basically the chairman of the board be an independent director unless the board decides it would be in shareholder's best interest to do otherwise. what exactly does that mean? this doesn't effect ceo and chairman bob eiger's positions. the language clarified the standard the board had previously committed to. what it does do is appease shareholders who are looking to vote today on whether the largest stockholders could actually nominate candidates to the board. that is reportedly now off the

table. so other topics that could come up today. secession plans for ceo bob iger. his tenure was extended through june 2016. there's buzz about who succeeds him. the two top names being tossed around, the cfo, staggs. and sweeney said just last week that she is stepping down come january. lastly, any comments on disney's landmark deal with dish network, that involves access to disney content for a web based over the top offering. disney hasn't actually directly spoken about that deal yet so we're going to be keeping an ear out on all those topics. right now, disney shares are up about -- a little over half a percentage point. tyler, back to you. >> morgan, thank you very much. so, how'd you like it if your city gave you $200,000 to buy a house? we'll tell you who's doing it next.

and are the quakes back in california? jane wells reporting now on some troubling signs. jane. >> here's my earthquake face. we had a little shake this morning, a much stronger one up the california northern coast. suddenly people are asking, hey, you know what, i don't have earthquake insurance. we'll talk about it.'l l talk ab. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable, professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro, you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. save you fifteen percent or more on car insurance.d everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room

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at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. we couple back to "power lunch." more and more going to tablet in

computing. up 4% today. challenging microsoft as the best performing stock in the s&p. microsoft's introduction of office software made for apple devices is made fors should tears and makes flash memory products used in products like smart phones. up about 10% in 204. up 43%, tile, over the past year. >> check out this new surveillance video showing just how much, wow, the ground was shaking during yesterday's earthquake in southern california. it's the first 4-plus magnitude quake to hit the l.a. area since 2008. are the quakes making a comeback? jane wells live in los angeles. jane. >> cal tech says it will take months to figure that out as it ponders any potential increase in activity. what's weird about yesterday's earthquake, it hit along either one of two fault lines under the sant ma monica mountains where they've never recorded a quake nearly as large as 4.4, so what

does that mean? >> those two faults are extremely quiet. which could mean two things. one is they're just about to go there, they're so loaded. or it could mean they're ways away from having an earthquake. so, but we can't tell which case it is. >> excellent. what's troubling about a fault line not known for activity suddenly waking up is that there's now hundreds of millions of dollars of new construction going up in hollywood on top of a different new disly covered fault line. developers say tests show no sign of activity but what happened will likely renew caws to halt construction. here's a map showing the number of quakes. most are along california, especially in the far north of state, including a 4.4 today following a 6.9 last week. so when pressure is released in would be spot, does it build up in another? maybe. the good news, seismologists say the chances that yesterday's 4.4 down here was a foreshock to

something bigger is now reduced to 1%. so you're saying i got a shot? the big would be's coming. the big one's coming. not a matter of if, but when and where. 90% of california homeowners do not have earthquake insurance. the state authority which provides access to most policies saw traffic jump to its website 155% yesterday. guys, back to you. >> understandably so. it's a warning. thanks, as always. all right, power rundown time with marcus lemonis. host of "the profit" on cnbc, on tonight at 10:00. it's a real doozy. >> tyler, normally it's you and i together and now sue's getting between us. >> i'm coming between you. >> see, we let her back in the building and this is what happened. >> go back to the floor of the exchange. >> don't worry, i'll be exiled tomorrow. the ceo of gm ordering

additional recalls of defective cars. it's a big test of her credibility so soon into her tenure. how do you think she's handling the crisis? >> i think she's handling it well. the fact that she's a woman and the fact that she has kids and she's talking about it i think makes her more relatable. i think some people would say she's using it as a bit of a ploy. i don't buy it. i think it's good she's just being honest, taking ownership. >> you said i think the last time we had you on, if you had an equal candidate between a man and a woman, you would hire the woman. >> i would take the woman all day long. they're better multitaskers. they're better listeners. >> you think? >> i'm kidding. because i tell you, i can't multitask at all. >> this is the interview here. >> and i'm sitting right next to you so -- >> sue, you're hired. >> i'm just going to confirm that. i'm hired, excellent. >> you think it was fair game for her to play the mom card? >> i don't think she played the mom card. she's the ceo, she is a mom, she has kids. she said how she feels.

big deal. >> the housing crunch. san francisco is now going to lend up to $200,000 to first-time homebuyers with the caveat they pay the loan plus appreciation back ton the city when it's time to sell their house. sounds like the city is hedging on their reality. is this an appropriate thing for a city to be doing? >> i read the papers. is this real? >> you and i were sitting in the newsroom, looking through some of the paperwork. it is confusing. on the other hand, they're trying to solve the fact that the middle class is getting pushed out of san francisco. >> and that's a problem. but i don't want my tax dollars now hedging. so i have potential, upside potential. what do i have on the downside? all the risk. what happens if the market cracks and those houses are sold at an underwater price at a short sale, and then who gets paid back? the more damage, the bank? >> is the city of san francisco essentially overinflating home

values by putting in this $200,000? >> we've put some calls in to the city. we're waiting for some answers. >> give me their phone number, i'll call too. >> okay. i bet you'll get an answer quicker than we will. to manic three. phil jackson signs a $50 million deal with the knicks but virtually no front office experience. does he have the chops to break the 41-year drought? new york is hoping so. you know, running a basketball team, marcus is very different than coaching a basketball team. what do you think of the pick? >> pat riley proved it in miami. pat riley, he was a great-on court coach. he transitioned to the front office. they've won some championships. i think what phil jackson knows, and you guys know i'm going to say this, he knows people, process and product. he's going to put the right players out there. he's going to hire the right coach. the question is, is he really going to stay out of the locker room? is he going to stay off the court? maybe literally but figuratively? i wouldn't. >> i think the temptation is

going to be too great. a year or two from now, we'll see him back on the sideline. >> you think he'll miss it? >> i think he'll miss it and i think he'll think, who's the best person to coach this team, i am. >> you think the fans care? they just want to win. >> that's absolutely true. >> phil jackson. it's a very interesting thing. with a fractious owner. that's another thing he has to deal with here. >> he won't put up with it though. >> he almost has more power than the owner. >> i'd like to see that contract. >> you ever have an employee who had more power than you as ceo? >> they all do. if you really think about it. all the employees have more power than you do. they're the ones on the front line giving the impression to the customer, talking to the other employees. if you don't respect that notion, they're not going to be -- >> you never fail to amaze me. >> he can multitask. >> yes, he can. >> because he's got his own business, he's got tv. >> now you're buttering up to me again. >> you bet i am. i'm thinking about my next job here. think you can retire? think again. alarming new numbers on just how

bad america's retirement crisis really is. you got to hear this. your financial future will depend on it. plus, exclusive results of the cnbc fed survey on the eve of fed chair janet yellen's first news conference. in her new role. see what wall street thinks about where the u.s. economy is going this year and next. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪

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it's time for the metals markets to close. the gold markets under pressure today, off almost $14. silver down better than 1%, almost 2% on the trading session. so that's the biggest percentage loser. followed by pal lad yum, once again down a full percent on the trading session. the stock market is moving higher after president putin of russia says he's not going after anything more than crimea. all ten s&ps are higher. microsoft hitting a new high. sheila is following the movers. >> let's kick it off with microsoft. yes, it is leading the nasdaq higher. made a 13 1/2 year high today, up about about 3.5%. this is all on the news that microsoft may be launching office software on the ipad. analysts now already coming out and estimating what microsoft could gain. some reports say that microsoft

potentially loses $2.5 billion in revenue by not being on the ipad. today's stock price more than enough making up for it. the bio techs index, it is up over 2%. remember, this is one of the big leaders the nasdaq. continuing to see that risk on trade there. but a different story for cisco. have been wavering between losses and gains throughout the day, basically flat right now. this is after barclays downgraded the stock to equal weight. saying the stock is expected to trade in a range as the company transitions to new products. a little hesitancy there. i do want to end up on facebook. that stock is trading higher today. rebounding from yesterday's losses. but i will point out, more and more reports now are coming out questioning facebook's reach when it comes to advertising. research put out a very interesting note saying there's a lot of marketers out there now who are really questioning facebook's reach when it comes to getting to their clients. some things to watch with facebook there, sue. >> all right, sheila, thank you so much. great rundown there.

to the bond market. let's check interest rates as the fed meets over this two-day period. rick san telejoins us to do just that. hey, ricky. >> i know we've had influence from comments out of russia, ukraine, also had some data points. look at the intraday and two-day charts of 10s. the two-day shows once again 270 is good resistance. a two-week chart shows clearly we've seen the re-established ourselves on the softer side of yields. the weakness in the starts this morning, it was single family. you look at the strength, thor it mipermit, it was in the multifamily. not the ideal mix if your looking for the most horsepower in economic data in housing. since our low yields in treasuries, this is what our dollar index looks like. a ski slope. it really is accentuated as we pond we're janet yellen's first press conference may contain about 24 hours from now. >> so just how confident are

americans about being able to retire, and how well prepared are we, or not? now, some shocking new poll results and numbers. >> they are indeed alarming. when you look at them, more than one o one-third of americans have less than $1,000 in retirement savings. 60% of respondents said they've saved less than $25,000. and they're not taking action. fewer than half have even done a calculation to find out how much they should be saving. and at the same time, america's overall confidence in their ability to retire comfortably has increased for the first time in seven years. 18% of workers say they're very confident. what's going on here? the increase in confident is almost exclusively among those with higher incomes and those participating in a retirement plan. more than one-third of workers with household incomes of $75,000 or above feel very confident they'll have enough money to retire comfortably. however, ira expert ed slot says

it's a false confidence tied to the stock market recovery and increased property values, not to improved saving habits. in fact, a separate survey from tiaa cref finds most americans spend more time buying a flat screen tv or choosing a restaurant for dinner than they do on planning an investment in the their i.r.a. that dinner may only last a couple hours but that retirement can be for decades. >> you won't be watching a flat screen or going out much at all for dinner if you don't plan for your retirement. lost luggage, flight delays, cancellations. surprising new data on what it's really like to fly in america right now. plus, the number one worry for investors. steve liesman with exclusive results of our cnbc fed survey. >> they're looking for better growth this year and next, but experts in our cnbc fed survey are worried about a geo political cloud looming over the forecast. forecast. [ male announcer ] what if a small company became big business overnight?

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turning dreamers into business owners. at a company that's bringing media and technology together. next is every second of nbcuniversal's coverage 0f the 2014 olympic winter games. it's connecting over one million low-income americans to broadband internet at home. it's a place named one america's most veteran friendly employers. next is information and entertainment in ways you never thought possible. welcome to what's next. comcastnbcuniversal. it's a shame how these segments interrupt a good conversation, isn't it? time for the exclusive cnbc fed survey with senior economic reporter steve liesman focusing

on u.s. growth. >> we're talking about the shuttle and flying down to washington and the fed meeting. no big secrets. but here's what's interesting, the growth forecast from the cnbc fed survey, 41 economists, analysts and strategists polled. we did year over year in 2013. and they're looking for 2.8 and 3% in 2015. this 2.8% number, if my man would move that over to the side, well done, lou, this companies with a pretty big weather effect. take in the first quarter of 2014. we're going to take off -- call it .6% growth, we'll get back about .5%. what about probability of recession? still remains very low. 15% back in the january survey. now we call it 17%, chance of a recession in the next 12 months. way below where it was back in the bad old days when we had worries about defaults and

budgets. it's even been higher than that over the time that we have been tracking this. let's talk about the outlook for interest rates. there's a bit a dispersion here. 40% of our respondents say the first rate hike happens in the second half of 2015. here's where they're concentrating. what they're looking for is about .8% for the fed funds rate in 2013. there are concerns about the outlook. from cumberland advisers say o geopolit geopolitics, that is ukraine, trumps everything but the weather in the outlook arena. there's david cotuk from cumberland. says there's growing evidence that creation in china and other emerging markets at best, slowing at worst, contracting. but scott wren from wells fargo says this could be an opportunity. investors need to work to get sideline cash into the equities market, pullbacks and volatility eguam opportunity, take advantage. >> how does this chart work, i

don't get it. i have 40% plus what looks like 25%, 25% and 25. that's 120% of economists. >> it could be we have an error in it but i know that number's right and that number's right. >> who are these guys we polled? >> they're strategists and economists. we may have a problem there. i'm embarrassed about that. >> mr. liesman, thank you, i'm your fact checker, baby. >> that number's right, the 40%. >> all right, we'll focus on the 40% and steve will double-check the chart. all right. the airlines are getting their department of transportation monthly report card. they're graded for delays, tar mark times, tarmac times, lost bags and complaints. the airlines up better than 1% today, up about 10% in the last month. so phil lebeau. >> the beginning of a

three-month run where we really saw a ton of delays. look at how bad it was in january. 67% of flights on time. compare that with january of the year before, that's a drop of 14%. by the way, 6.5% of the flights were canceled, much higher than january of the year before. 155 flights were late more than 50% of the time. think about that. you had a pretty good shot of being on a plane on a particular route that was going to be late more than half of the time. the airlines mishandled 5 bags per 1,000 passengers. complaints about airline service, no surprise, up 24.9%, an increase of 24.9%, compared to the year before. and yet, this is my favorite part of the story, look at the airline stocks year to date. >> i know, it doesn't make any sense. >> up 40% for american. you know why? because everybody looks at weather delays and they say, yeah, it's terrible, it's awful. they'll take a loss of several tens of millions of dollars. but at the end of the day, people are going to come back.

and they are coming back. and that's why the stocks are there. >> it's not just one airline that's taking the hit because of weather. they're all taking the hit. it's the great equalizer in a way. >> absolutely. >> well, spring is this week. at least that's what they tell me. i'll believe it when i see it. in two minutes, it's always about tech. amazon will reportedly begin shipping its highly anticipated i havo streaming device very soon. apple is ditching its ipad 2. what's the replacement? and oracle is out with its quarterly results after the close today. so what should investors be watching for? that's all coming up in the "power lunch" countdown. own.

nascar is ab.out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. in a we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present.

so ally bank really has no hthat's right, no hidden fees.s? it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. welcome back to "power lunch." shares of fashion accessory company fossil. the company saying its working with google on supporting the extension of android applications into the wherables market. in essence, it may mean you may see android devices as part of

fossil products. fossil says the efforts are still very much in the formative r & d stage. but it's committed to the fusion of fashion, tyler, and technology. >> in the yahoo! finance question of the day. san francisco will now lend first-time homebuyers up to $200,000 toward a downpayment. what's your take? 13% say it's a good idea to help the middle class and first-time buyers. 54%, bad idea, excessive lending started the housing crisis they say. and 33, the local government should focus on more pressing needs of its city. there are your responses. sue. >> it's time for the "power lunch" countdown. it's a tech edition. john ford is at the nyse. good to see you, as always. there are reports amazon will begin shipping its long awaited video streaming device next month. puts the company into the ultracompetitive market in settop boxes. what do you think? >> it makes sense because

amazon's video service can be really hard to access. this should make it simpler. we expect to see things like netflix, hulu plus. some of the other offerings you see on apple tv and chrome cast available on this device. really it's about making it simpler. >> up on the stock today. apple shaking up its ipad lineup. what are they doing? >> the ipad 2 is no more. now at $399 we have the ipad 4. ipad 3 got passed over here. retina display in this, the a-6-s chip, that's a little bit lower grade than the a-7 which you would get in the mini, but you got the big screen on this one too. >> big screens are big. all right. let's check out shares of oracle. the software giant's earnings come out after the bell today. what are the expectations for it, john? >> well, let's see, we're looking for $9.4 billion in sales. $2.5 billion of that in new software licensing which is the main area.

this is the quarter when guidance really matters because we're in q-4 right now. that's when about 40% of new software licenses come through. that's oracle's big quarter. a year ago, my recollection is both q-3 and q-4 came in a little light. the street's not only going to be listening for that but also on the macro sense whether buying globally in emerging markets in europe is holding up. >> the stock up about 7.5% on year to date basis and up better than a percent today. thanks, john. >> sue, thank you very much. this is video of the street in seattle where a news helicopter crashed just this morning after taking off. the two people on board the chopper worked for a local abc television station. this is video taken by a cell phone recorded seconds after the crash. just as firefighters were arriving. several cars were damaged. it is believed there were no major injuries on the ground. we're awaiting word of other injuries. don't miss "the profit," a

preview of tonight's brand-new episode is next. stay tuned for that. we asked people a question, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more.

so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ if we want to be ready for a longer retirement. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪

up triple digits again on the dow jones industrial average. we're up 109 right now. the s&p is up 14. the biggest percentage winner, take a look at the nasdaq, up better than 1%, almost 1.25%. dominic chu on today's market day. >> all right, sue, nothing like a little shareholder activism to get a stock mover higher. this is hedge fund heavyweight george soros. in the oil and gas exploration company. it wants the company to explore strategic alternatives to help maximize shareholder value. it operates in the domestic u.s. with a big focus specifically on the eagle ford shale in south texas among other properties. a 15% move to the upside. >> the fireworks fly as they so often do tonight on "the profit" on cnbc. that's 10:00 on the east and west coasts. take a look. >> this shocks me that people don't know this.

you have to know your numbers and you can't lie. when i'm standing there looking at the financials and i've been told these things are 400,000 and i'm making an offer based on 400,000 and i see something that's 200,000, we got a problem. >> did you guys accept a deal from me? >> yes, we did. >> but you also came here today and said that, you know, you got to think about it and i understand it. >> you told me the numbers were x and they're really not x. >> it's underhanded. >> from him? >> somebody lying to me for months. >> you lied about your financials. >> no, we're not -- yeah, whatever, we're not, you know. >> you guys are lying about your financials. you guys shook my hand, you took my check. you never told me anything last night, you needed to see me -- >> if you're not in the picture, we're not going to have a um could hundred grand, that's all i can see. >> you guys better get your [ bleep ] together. >> kind of looks like we haven't, you know, done such a good job, i mean, we've done the best job we could.

>> go ahead and pat yourself on the back one time. >> i don't need to do that because one thing about me, i don't look at myself as one person, i look at myself as about 85. each one of those guys out there probably got two to three kids. they're all depending on me. >> stop giving me lines you think i want to hear. everybody's working, not just you. >> could care less if i get credit as long as it's going and making money. you make it sound like -- >> you don't want credit? you keep telling me we're $4 million, we're this, we're that. >> i guess what it is, up until this point, i've been proud of what i've done in business. you come in here and make me feel like a piece of [ bleep ] like our inventory is off by 80 grand, i would beg to differ. >> go out and count it yourself if i'm wrong. these people do this for a living. we want to move forward. we can't rely on any one person to make sure that happens. i'm replaceable and i can tell you for damn sure you're replaceable. >> are they husband and wife? or just partners? >> they used to be boyfriend and girlfriend for 20 years. the blinking of an eyes when she

was -- >> that's because she'll beat him down. >> what is the nature of their business? >> concession trailers. concession trailers. they manufacture them. >> concession trailers. >> like food, like hamburgers, hot dogs. nice little business. 4 million. i thought it made 400. >> without giving away the story were they lying on their numbers? >> yes. >> yes, yes. 400,000 to 200,000, it's bad, tonight do that. >> hardest episode i've ever made. done 14. most exhausting. had 103-degree temperature. >> florida? >> tampa. >> i thought so. >> if you asked me why it was hard, watch. hang out with her for an hour tonight. >> she can multitask. >> she can. >> marcus. >> no kids in the room. that looks -- >> no kids in the room. >> "the profit" tonight at 10:00 on the east and west coast, right here on cnbc. his hardest issue ever, he said. >> listen, from the look of that --

>> other than dealing with you. >> from the look of that, he's a saint. okay, don't miss it, 10:00, right here on cnbc. top stock winners of the day when we return. when we return. ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members

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♪ [ male announcer ] bob's heart attack didn't come with a warning. today his doctor has him on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. a few minutes ago, we showed you the fed survey graphic

there. i questioned our senior economics reporter steve liesman as to whether those bars added up to more than 100%. in fact, just by the way the graphics program works, it makes it look that way. but those ones are not really 25%. one is 22%, one is 18% and one is 20%, so really the total comes up to right around 100%. sue. >> absolutely, that's what you get when you challenge your senior economics reporter, steve liesman. >> don't do that. >> all right. the market right now challenging some upside resistance levels. we're up 102 points on the dow jones. a little often the high of the day. the s&p is up 13. very strong nasdaq today, up better than a full person the tra full percent on the trading session. microsoft up almost 4%. same kind of a percentage gain for sandisc. to the floor of the new york

stock exchange. a pretty decent day. two-day fed meeting going on. crimea in the background as well. all of that is in play. >> watch the economic data now. because the housing starts numbers, significant upward revision in january. we had industrial production yesterday better than expected. capacity utilization better than expected. some of the regional manufacturing numbers better than expected. this could be the month when -- march, i mean, when we get the data, where we finally break free of the whole weather issue. i think that might be the primary driver at this point. >> if we have another event, i don't know what we'll do. >> very quickly, you know, our attention is going to turn, i hope, away from crimea and international tensions, toward something that is maybe even more important to the market, and that is earnings season, which is right around the corner, week after next. >> the earning season lately, there's been a lot of talk about internal growth and organic growth versus acquisition growth. so it's going to be a very interesting season, i think. thank you, bob.

>> you'll have a tough time -- i see right now numbers are down but i still see at the end of the quarter 6% to 7% earnings growth, 2% to 3% revenue growth. >> that will do it for a tuesday "power lunch." we'll see you back tomorrow. janet yellen's first press conference and meeting. >> that's right. "street signs" begins right now. we'll have it all covered for you. there are three big things, three, steve, you must keep on your money radar right now. we break down the list ahead. hi, everybody. that list has microsoft just made one of the most telling and important shifts of its corporate life. a huge call on tesla. and what's going on with coffee prices with dangerous grounds, todd carmichael. >> hello, everybody. so this week has seen somewhat of a recovery after the stock market's biggest weekly drop in almost two months last week. it has been the best two-day gain for the dow and the