there's no tomorrow including selling options that, they don't have to exercise right now. >> herb, thanks. murphy? final trade? >> pbr. >> citi long. >> dba, higher. >> guys, thanks. have a great rett st of the day. "power" starts now. it may be the big effort and most important product launch in years for that company. microsoft. in its first media event since taking over at microsoft, the new ceo satya nadella will talk cloud, mobile and social, and is widely expected to unveil office for apple's ipad. the big question, will microsoft be able to convince the apple universe to go with them on that product? microsoft stock up 40% in the past year. our morgan brennan is live at the big event out in san francisco. hi, morgan. >> reporter: hi, tyler. yes, sitting right outside the building where on the 11th floor

this event isic canning off right now. new ceo satya nadella making his first appearance in front of media and wall street for that matter. we're hearing there's about 100 people upstairs, standing room only. expectation, hearing from sources now, mobile, cloud, two areas where microsoft has been lag on competitors. also, widely expected to hear about office 4 ipad today one of the things sources telling us there should be big news around 1:20 eastern. keeping a close ear out for that. in the meantime, seems wall street is -- investors are hopeful about nadella. stock up about 8% since he took the reins from steve ballmer last month. with this in the meantime, you go upstairs and walk around at the event, they've color-coded m&ms to look like the microsoft logo. back to you. >> thank you so much, morgan. diving deeper into what is a

major event for this company. jon fortt joining me here on the floor of the nyse and matt mcilwain with us as well. both jon and matt correctly called early in the race as mr. nadella being mr. balmer's replacement. you scored the big sitdown with mr. nadella as well. terrific to have you both here. matt, start with you. what are you expecting and how significant will be the office 4 apple event, if indheed does occur? >> i think we'll see announcements around the ipad and more importantly, the idea that microsoft's applications and services need to live on lots of different types of devices. because we're in a world of mobile and cloud, which is a world of mobile and cloud. i think that under satya's leadership they understand that in a way that maybe hasn't been fully embraced in past. the other thing you should expect to see is not just talking about mobile and cloud from the consumer perspective,

something that gets all of us excited about it, but what about the developer perspective? what about the perspective of -- >> right. >> -- people having to manage all of these devices that live within enterprises today? so i think this is going to be -- while not strategically expansive, you know, starting to put a stake in the ground around the different kinds of strategic choices satya is willing to make. >> very important, because it's his first media event. wall street has pretty high expectations for him. jon what are you expecting? >> sue, i think this event is more significant from sort of a symbolic perspective than the actual news that microsoft is announcing. they've had a version of office 365 available on the iphone for a while, but, you have to sub describe get value out of that. they'll talk about the ipad. overall i don't can expect satya nadella to get into the a big developer message. he'll do that at the build

conference. here i think a fill sophilosoph look. maybe not favor windows as much as they used to. >> hold that thought. going to chicago and rick santelli with breaking news with another auction. >> yeah. tell what you. gave it a b, just upgraded it to a b-plus as i got the directs. putting a cap on $96 billion including the two year and the five year. the grade b-plus. the yield, 2.258. the one issued market was offered at 27.26 .26. darn close, like yesterday. covering close to a 10 auction average. the 44.4 on the indirects. zooming, 32.6 pushing the dealer take on this auction to 26%. a b-plus caps the supply for the

week, and everything else is just going to be left to the markets to-handicap, of course, the weekend and all the issues of the day. sue, tyler, back to you. >> all right, rick. i'll pick it up. thanks very much. matt mcelwain, if this announcement includes the migration of microsoft office to ipad, what, if anything, does that imply about microsoft's belief and commit to the surface tablet? >> uh-huh. >> well, i think that it can be strong on the surface tablet, but what it's really imply is that their greater strengths today on onnare on the applicat today and what they're building out. they're saying we'll play to our strengths. those strengths are more applications and services today rather than devices. we want microsoft apps and services on every type of device. we want those to be easy to use, which is why i don't quite agree with jon. i think that they will probably emphasize there are these

audiences, developer audience, you know, i.t. audience and the consumer audience at least freedoming that out of it today. >> hold that thought, matt. you'll respond in a second, jon. back to morgan, because mr. nadella just took the stage. morgan, what are you seeing? >> reporter: okay. so quick update here. nadella just taking the stage. this event will be about 40 minutes long. he says it's day 52 for me, but who's counting, and perhaps that the most, and to say he's asking for everyone to have a fresh perspective and relearn what microsoft's about. also keying in on customer service. back to you. >> all right, morgan. thank you very much. the stock is pretty much flat, jon. that may be a function of the day, because the dow and the s&p is pretty much flat, or is wall street, in your opinion, waiting for him to prove himself? >> i think they're waiting, and we'll hear a lot more again next week. i want to note, we saw that shot there. what he's wearing, polo shirt.

short sleeves. different from the steve ballmer uniform. different than the bill gates uniform. clearly, he's dressing like a silicon valley developer. which i'll say is interesting, but here, expect not so much a shift in strategy here from microsoft from the big picture. they always wanted people to use their software in just about every device. >> absolutely. >> the strategy, make it work really well on window devices. now i think that's shifting a bit. under satya's leadership. they'll want it to work well on lots of devices, including ipads. we have to see how hard they're going to push that, though, because they haven't been willing to offer that much functionality for free on a device like an ipad. you have to sign up through subscription first to get that value on a different platform. we'll see if they say anything tweaking that a bit. >> jon, you're with me the rest of the hour. matt, thank you so much. appreciate it. thanks 234 for joining us today. king digital continuing to

drop. there you see it down another nearly 2% today at $18.63. it's the maker of "candy crush" and its suffering the worst opening day for an ipo. that was yesterday. the slide continuing today. out of companies with a negative debut perform later on, three, four, six months down the road? seema mody is looking at that and tracking the rotation out of some of the big momentum names. seema, you go first. >> reporter: tyler, there might be some hope for those bullish on king. we looked at ipos over the past two years and found a lackluster debut on the first day doesn't always lead to the stock underperforming over the long term. take gogo for for example. provider of in-flight internet, it went public last june. the company traded down by 6% on its first day, but it's now up 34% from its offer price. william blair says more customers thanks to word of mouth are using gogo while flying and going forward

analysts say expansion outside of the u.s. as a catalyst that could help shares outperform. other examples, mobile security player avg technologies. 18% on its first day a drop. ouch. roved. now at 54%. and lightwave and vipshop, also faced a comeback after shires fell on their first day as a public company. another trend to note. after the companies put out earnings report as a public company, more often than not shares moved higher indicating that after investors looked at the numbers, got to hear from management, the street felt more comfortable getting into these names. so for those watching, king digital, that might be something to keep in mind. tyler? >> seema, thank you. momentum. the dictionary defines it as force or speed of movement, a quantity expressing the motion of a body or system. there you have the power definition. sheila looking at the rotation out of some of those stocks that really had their own sort of force of nature behind them.

>> they had their own sizzle. >> now, not so much. >> seeing definitely a lot of that movement, a lot of force you were talking about, that definition. here's the thing. it is out of momentum names. in fact, a lot of them now are in bear market territory, which means, of course, more than 20% off its most recent high. so let's talk about some of those losers. elon musk. solar city down 30%. tesla down 20% since the highness past months. getting hit hard. not just elam talking about. stocks like streaming music provider pandora, 3d systems, pharma six lix and all three stocks firmly in bear market territory now. interesting is three very different stocks, very different industries but losing steam almost in tandem. you can see the line. also on the list, names we like to talk about a lot, netflix, amazon, priceline. a big upswing, now actually all in correction mode. all of these names down at least 10% or more from its recent

52-week high. talk about the buy iotechs. a big winner losing steam now. ishares index ibb down about 15% from its highs. here's the thing. it's not just about high-flying momentum names, nope look at this home builder. even retailer american eagle outfits. those two stocks perhaps stock-specific stories nonetheless in bear market territory. the big question is, why? what are we seeing now? saying, look, all of this speculation is for sale. seeing rotation from growth to value. yes, seeing casualties. here's the question, though -- is this just the tip of the iceberg? a senate for the rest of the market? or one example of a group very overvalued, maybe a lot of sizzle -- >> of the froth getting taken off the top? is the cream going to be next? we'll find out. sheila, thank you very much. back to morgan brennan out in san francisco.

>> reporter: hi. satya nadella, new ceo of microsoft giving more comments as think event kicks off today pap cloud first, mobile first world, that the two must exist together. he calls it a "magical coming together of cloud and mobile." he says microsoft can bring two unique things to the tablt. first they think about end users. the second, coming together of three key constituents. end users, developers and specialists. we'll keep monitoring. back to you. >> thanks, morgan. appreciate it. meantime here on the floor of the s.e.c., the composite is trading to the down side, but, bob, there just seems to be not a lot of momentum in this market today. >> not the s&p. several sectors struggling now. show you two trends. first is major indices to the down side. you see the transports, at the lows for the month in the transports. it's not big, but the trend is down. six-week lows for the russell

2000. put that up. small cap index here. see what i'm talking about? >> yeah. doesn't look pretty. >> how about the nasdaq? same thing. essentially six-week lows for the nasdaq. not enough for technicians to go crazy about but enough for those of us market watchers to take note about it. the second trend, sue, emerging market strength. remember the trend beginning of january? sell emerging market, buy new tech. it's reversed. another day, brazil, turkey, mexico, china, up side. going on six straight days. the een put it up there. up six days in a row. interesting trend we're getting now. near new highs for the year. not far. banks, sue, not just citigroup today. zion's either, regional banks eastern. >> sydney down almost 5.75%. >> all banks down, insurance companies, people are getting used to higher rates, not great with a yield curve. and 3 on ipos. talking about king earlier's three ipos today all up double

digits. tremendous relief to the ipo market. >> sure is after yesterday. >> king an anomaly. not like the whole ipo market is lousy. the problem with king. a very different way of interpreting the ipo market. >> bob pisani, thank you. see you later in the show. >> ty, up to you. it's been the gold standard for credit cards for a long time, but is american express' platinum card losing some of its luster? the big changes that cardholders may need to know about. plus, after decades of sanctions, cuba now open for business in a big way -- or is it, michelle? >> making big changes to invest law, tyler. encouraging some, maybe, but is the money going to roll in? i don't know, homer. discuss that right after the break. >> doh. be right back. ight back. real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy.

it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. 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. ♪

welcome back to "power lunch." i'm morgan brennan sitting outside mike soft event in san francisco. breaking news for you now. right now microsoft executives one drive app on ipad. this is new. also turns out today we are hearing office for ipad, goes live in the app store at 11:00 a.m. pacific time today. we are following that and confirming that now for you. back to you, sue. >> all right, morgan, thank you very much. and the woman demonstrating the office for ipad that you just saw was the product manager, julia white. jon, i guess the question is, will apple devotees adopt it?

>> absolutely. there's a long history of mac users, apple using microsoft office software. the question is, what's microsoft's strategy going to be for becoming the defining app for mobile like on the pc? is it possible at this point when so many others apple, google, others, offered certain productivity suites for free? is microsoft consent to be a niche player chau eer charging everything or a cheap or free entry level? >> what does your gut tell you? you know mr. nadella. what do you think? >> tells me they want share. here is the place they announce a new tier, i'm interested to know, either for free or a few features for a little bit cheaper, or if they wait to do that at another time. they've got to get more share for productivity software on mobile. >> we'll wait for more

announcements. jon will stay here. meantime, ty, back to you. >> all right, forkes, cuba opening for business, kind of. the communist government offers tax break to bring in inve investments. still a number of things before this happening. an international move. here to explain -- >> for years socialist cuban government claimed it was interested in foreign investment yet did nearly everything possible to make the place uninvestable. a new law expected to be approved saturday changing some of that. so instead of being forced into a joint venture with the government, foreign investors can supposedly own a business completely outright. huge change, remember, long ruling dictator fidel castro seized all businesses in the 1960s and had everyone work for the government, not themselves. taking a page out of the republican playbook, cuba lowers corporate taxes dramatically, from 30% to 15% and taxes on

labor go away completely. this doesn't mean the money will pour in. first, no rule of law in cuba. no real property rights either. an invest hear no assurance of a clean, transparent judicial path to resolve contract disputes. those make up the bedrock of a good investing clilt. cuba desperately needs investment. when you see them there, seamstresses working on 1950s era singer sewing machines. regardless of what cuba says or does, americans are prohibited from doing business there in any way, shape or form. cuban government says they would no longer prohibit cuban exiles from investing in cuba. here's a weird twist. koonce living in cuba are not permitted to invest in cuba. a critic said this is so odd. allows others to do things your own people can't do. >> government control, but out in welcoming the four seasons --

>> some theory that this is designed to incentivize the cubans living here to lobby the u.s. government to end the embargo. >> interesting stuff. we'll see. michelle, thank you. american express has apparently been cutting back on some of its perks as of this week. platinum cardholders no longer have access to american airlines and us airways lounges. a couple of the other airlines had done the same previously. amex godid announce two new benefits, wi-fi and covering the freeh check travelers. shares of american express are up 34% over the last one year. cnbc.com kelly grant is reporting on the website on this story today. platinum cards, it's about a $400 a year fee. ship in it? >> $450. even more. >> is it worth it still xwnch? >> if you're delta flier, lounge there, almost $700. pretty good deal. for everyone else, cobble

together all the benefits and see if it works out. a $200 fare reembersment. >> for checked bags? >> yes. success from people buying airline gift cards with it and get reimbursed. things like that tsa pre-check reimbursement and they do it for global entry, which gets you into pre-check. might not be substantial benefit for people. then a couple other perks here and there that might be able to add up, if you fly often enough to pay for itself. >> other cards that are competitive with this one? that may cost a little less? >> that's the thing. if you're the sort of person you're knot loyal to one airline and like to earn rewards, a lot of other cards are out there. >> airlines don't seem thrill to me. i'm not loyal to them totally. >> exactly. a lot of people feel the same way. the way to be really in the airline market now and a lot of cards getting double miles. they'll get you a lot of other benefits at a lot lower cost. >> bottom line here, customize your card to what you actually do. right?

shop 5ir7bd? around. >> anything with an annual fee, good to assess that and make sure you're getting most out of the card. >> thank you. and a market flash. >> tyler, watching shares of the i.t. firm announced departure of chief operating officer and forecast weaker than expected 2015 results. down more than 16% on the session. sue? >> sheila, thank you. lululemon shires soaring on the back of earnings up 6 poishgs 75%. questions about the outlook for the company. courtney reagan speaks exclusively with lulu's ceo. and a billion dollar industry on the rise. andrea is on the case. >> she got duped in a nigerian con game. she joined in on the scam. it's a wild story about heartbreak and greed coming up right here on "power lunch."

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and have editing capabilities stlad on a laptop. important because analysts wondered how they would put the business model together, and what that means for revenue impact in the future moving forward. tyler and sue, back to you. >> morgan, thank you. international dating scans, a billion dollar enter surprise. you'll never guess the twist. andrea day. >> reporter: we've all heard about online dating scams where cyber criminals hook in lonely women and take their cash. but what happens when the victim decides to work for the other side? just listen to this. it's an international scam to swindle lonely women. >> this is over a $1 billion a year industry. >> reporter: nigerian con men control dating sites looking for targets posing ak u.s. soldiers overseas. >> the exploitation of emotion

is egregious. >> the victims reeled in with loving e-mails. >> i wanted somebody to love me and care for me again. >> reporter: and sent official-looking military documents. they become so attached, most don't even notice glaring mistakes like this from washington, d.c., washington. just ask tracy, a divorced mom who thought she found the man of her dreams. >> i'm widowed. i thought my life was dead and then he was like, oh, he doesn't have any money. >> reporter: he was so convincing, tracy wired him cash. it was all a scheme. there was no soldier in afghanistan looking to date traity. but listen to what happened next, instead of going after the bad guys, tracy joined in on the scam. >> they identified her as someone who might help them in a big way. >> like, i need an agent that was, to like pick up money. i'm like, what? >> reporter: all the way in brighton, colorado. tracy began working for the

nigerian scammers helping them do hundreds of victims in 40 countries, even enlisting her mom karen to help. >> we have a 61 and $60,000 victims in england. sweden, $46,000. >> reporter: victims were told to wire cash to tracy. she was a military agent who would send the money to agents overseas. >> allow the victim to be less suspect. how can it not be real? >> reporter: they set up dozens's bank accounts and when the banks got suspicious turned to western union and moneygraham running in and out of locations all over coal cloradcolorado. they set up phony profiles to seduce victims. their reward? about 10% of profits. investigators say tracy never stopped haggling with the nigerians for more. check out these instarcht messages between trace around the scammers. in. tracy writes, i can't do this for free, especially since i'm

the one taking all the risk. with victims all over the country, complaints began roll ing from to the brighton, colorado p.d. >> we told her we got complaints and knew what she was up to, and she'd better quit. >> reporter: tracy and karen kept the scam going three years and get this. amp they were busted, they blamed the victims for what happened. just listen to this phone call recorded in prison. >> the poor, poor victims. you [ bleep ] were the ones that decided to go do it. like, why aren't you terrible for your own actions? >> reporter: i spoke with a bunch of investigators who say it's rare for a victim to jump over and go so gang busters work forge the other side. tracy is now serving 19 years in jail. and what about shutting down the nigerians in the scam? historically, nigeria has been impervious to law enforcement. one reason fraud is a big industry there. back to you. >> andrea, thank you very much. metals markets are closing

now. a read on things. we do have a slight loss in the gold market of about $8. bounce back in koerp of better than a full percent. copper. that metal has been so volatile over the last couple of weeks. just incredible. really hinging on every piece of data coming out of china. the palladium market hit again. russia is the leading exporter of palladium. if there are more sanctions on russia as alluded to yesterday by the president, that could hit that market very hard, and indeed it is. you're up to date on the metals markets. uptown to the nasdaq. seema modesy back with us. >> reporter: off the lows of the trading session down about 15 points on the day, but still down about 4% over the last one week. the nasdaq now off 5% from the 14-year high that hit back in early march. selling continues in those momentum names. most of the pain felt in the biotech space. i'm hearing the fundamental story is still strong but valuation, that's becoming a big concern. many, of course, as many of the

biotech small and large cap names posted, big names over the past one year. again, selling the winners of 2013, that's a big strat egy in play. and blackberry reporting earnings ahead of the report. shares lower just fractionally on the day. back to you, sue. >> all right, seema. thank you very much. you know, we are following this big microsoft conference that's going on and the developer's announcement and jon fortt is here with me. jon, clarify something about the use of the term premium and talked a little earlier about it, wa kind of service they would provide. give me your thoughts. >> sue, normally when you think of freemium, all features for a limited amount of time for free or some basic features for free and then if i want, something really robust i upgrade. what they're really offering, you can read files people might e-mail you, word files, excel files. powerpoint 2350i8

powerpoints. if you want to create anything, you have to subscribe. this will probably spark a lot of enterprise adoption, people can use corporate accounts to get the correctly formatted version something they need for business. it will probably spark slower adoption among individuals, more hesitant. interesting, they added features to this version of office especially for the ipad. it isn't a repurpose vision of mac office or window mac. that is attractive to the audience. >> i'm sure it will be. jon, continue to let you to live in. out to chicago and rick santelli tracking action at the cme on the back of the seven-year option. done with the supply for the week? >> yes. $96 billion all out the door and there really wasn't big response, you see on the intraday seven, but yields are remaining on their low yield areas of the day. so it didn't reverse that. look at the eight-week chart of tens. good support around 262. below us, more importantly, below the 270 closing days that are above us. the last chart two days of the

euro versus the dollar on the lower glide path hovering at a three-week low. thursday of next week, an ecb meeting. easy seems to be the topic affecting trade in euro. tyler, back to you. results of an investigation commissioned by new jersey governor chris christie into the bridgegate scandal released today. scott cohn here has details. eagerly awaited. lots of people didn't talk to the interviewers? >> many of the key players declined to be interviewed. the attorney who led the investigation into the infamous lane closings, a former new york deputy mayor under giuliani, no matter. the investigation found they did nothing wrong. >> this is a vindication of governor christie in that we found what he'd been saying all along was true. that he had no prior knowledge of this lane re-alignment idea,

and no role whatsoever in the decision or implementation of it. >> here is your report, taxpayers of new jersey. 360 pages long, took 2.5 months saying the brainchild of bridget kelly, and the motive unclear. allegations by the mayor of hoboken that the christie investigation held hurricane sandy aid hostage are unfounded. it's not the last word. along with this report, they issued about 250,000 different documents. >> 250,000? the most e-mails, i assume? >> e-mails, texts, phone records, but they say they all exonerate the governor. >> goodness xsakes. astonishing.

we paid for this sue, new jersey taxpaye taxpayers? >> we have paid for it. believe me. the story's not over. having a tough time in this market? don't feel bad. even the smart money is getting hammered. list of big names in bad shape coming up next. plus the national labor relations board ruling northwestern football players can unionize. what does that mean for the future of college sports. and it's pau"power house th" the birthplace of oscar winning actress sandra bullock and home to language learning company rosetta stone. can you name that city? stay tuned. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people

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welcome back to "power lunch." i'm morgan brennan covering the mees microsoft event. satya nadella, unveiling office for ipad today during this event. he's taken the stage again. a few of his comments in light of this news, says that in terms of office 365, looking to drive this everywhere, moving forward. also saying to expect big news

next week regarding windows at the build conference. so -- also says we are bringing together the entire enterprise suite under one dent fi. we'll continue to monitor the event. we hear it's wrapping up soon. back to you. >> thank you very much, morgan. appreciate it. let's go to sheila for a market flash? >> making successful day bus eb. developing treatments for patients with rare eye diseases, raised $50 million after offering 4.2 million shares ats 12 $12. trading at about $15 a share. and providing entrepreneur start-ups and venture capitalists, offered 5.8 million shares at $18 each. that stock is higher trading up by more than 12 percent. finally, finish off with the i

trinec group. raised $240 million after offering 15 until shares at $16 each. trading well above that at around $19.06. finally, a programming note. the chairman and ceo of trinad, jim cramer's guest right here on "mad money" at 6:00 on cnbc. and "power lunch" confirms bern bernanke was paid an elite group of hedge fund managers at one of new york's top restaurants. btig, trading firm that hosted the get-together told "power lunch" the round table of 12 included david ihorn, mike -- his name coming up in a minute. louis bacon. while they did not reveal bernanke's fee what they paid him, he did reportedly earn a quarter million dollars for a speech not long ago in the united arab emirates.

sticking with that hedge fund -- that's why you're here. >> not bad, if you can get t. nice. and a good restaurant, too. a nice dinner. talkalities. >> beautifully done fish. >> a check, beautiful fish. kate, some of these funds have not been doing as well as many of their investors would hope. right? >> exactly. tyler, it's indeed been a rough year so far for the so-called macro players dealing in everything from stocks to currency the around the world aoh p as opposed to stock pickers. they're flat on average impaired to the average fund, which trades all sorts of strategies, and the average fund is up about 1.5%. even the more noted players are seeing a lot of red ink, though. alan howard runs the flanship out of europe, down 3.6% to date. and running the tutor global funds down 3.5% and mike, we just mentioned running the macro fund at fortress invest down

through mid-march. traders tell me any number of expected market moves, one example, nikkei. down double digits despite the thought japanese stocks would ramey. s&p largely flat underperforming people's expectations despite signs of economic improvement and relative safety here compared to other foreign markets. that's the perception. and many thought flatline or fall after the fed's comments last week are ral lying in recet days. maybe they need advice from ben bernanke. don't forget alan greenspan is a spokesman for paulsen. >> and somehow i think my uva, going to be able to get tickets to tomorrow night's virginia game at the garden. >> i bet you're rinchts i bght.

kate, thanks. a big game changer for college sports. you probably heard the national labor relations board ruling wednesday that northwestern -- i'm not supposed to read this. sue, you're supposed to ride this. >> they ruled that the football players there can unionize. the board saying, student athletes qualify as employees. nbc sports rob semelcare following the story for us. a precedent setting kashgs rob. saying northwestern will appeal. the basic question, is college football is job? and the gentleman who made that decision said, yes it is. >> exactly right, sue. the northwestern players who wanted to unionize had to show they're employees as opposed to students at northwestern. that was the central question of the hearing and so the nlrb looked at everything about them from how they spend their time, you know, stud ig, versus practicing and playing, to what level of control the university exerts over them.

the university exerts a lot of control over them, as if they were employees including by the way, a rule saying if you're a player at northwestern, and a coach friends you on facebook, you have to accept. that friend request. so they can keep an eye on what you're doing in social media. that looked at these things and said these are employees. not student athletes, and the, therefore, they should be able to form a union, and negotiate collectively with the university. >> now, this applies only to northwestern football. but it sounds like other sports, like basketball, for example, might want to make a similar move. will this spread, do you think? >> yeah. i think this is the beginning of what could end up being a tectonic shift in the college slandscape. yes, it only applies to northwestern. it only applies to private universities. because public universities by state law collective bargaining la to be handled and permitted through the state. bottom line is, this is part of a trend of cases that in every

single case, courts are looking at these college athletes and saying their generating billions of dollars of revenue. >> absolutely. >> on behalf of these universities and confrontses. they're not student athletes of the type that you are if you're a club sport player. they are part of the multibillion dollar business and should be given rights to negotiate. >> rob, thanks. we'll have you back soon. ty, up to you. >> sue, thank you. lulu lemmon spe-- lululemon. what is said about that powerhouse. and speaking a language other than english at home in this town, the final resting place of world heavyweight boxing champion joe lewis, and its state the first to grow peanuts. can you name that town, or city? it's actually a county. we'll be right back.

"power house "time.

champion stip is the final resting plaf joe lewis the boxer. did you guess it? high home town, arlington, virginia. principle broker at century 2 is redwood realty in arlington. right to the first listening 10shgs 01 north vermont, unit 608. one bed, one bath. 700 square feet. i assume close to the metro? >> yes it is. about two blocks from the metro and the agent that sold this house had actually went under contract in three days was part of the original development crew when it converted to condominiums back in 2005. we had two contracts before we could even do an open house. so tons of demand. this is what an arlington starter home looks like. a lot of people, a lot of buyers, first-time home buyers in arlington go for less space being close to the metro as opposed to more space farther out. >> second listing.

5008 south 24th street listing for $739. five grand in taxes. three beds, three baths. 2,300 feet. a classic arlington house? >> classic. in south arlington. you tend to get more house for the money. this particular neighborhood claremont, within walking distance to sherylington. in the last decade, arlington's invested a ton of money making it the theater district for arlington. signature theater, tons of shops and restaurants. so it doesn't have the -- the convenience of being along the metro, but within a mile, you're in a vibrant shopping district. >> walkable area. to the "power house" of the week in arlington. i don't know where this is. $1.275, 10 grand in taxes, there'sabouts. 3,000 square feet. where is this one, ed? >> right in rosalynn. walk to the georgetown side of the key bridge. about three blocks, granted

uphill, from the rosalynn metro. great. the orange and blue lines. and it's a big house. four levels. you could put a, an elevator in, the architecture's allowed for that. a big sitting room off the master bedroom. it is -- rosalynn has become the luxury living area, neighborhood, for arlington right now. >> as you say, walkable, really, across into georgetown with all the restaurants and shops there. ed, thank you very much. >> sure. thank you very much for having me. >> you bet. sue? >> beautiful part of the world, ty. lululemon shares higher on the trading session. that's a look at brenton crude higher on the session. lululemon up better than 6%. guidance coming in lower than expected. street seems to be looking aside of that. courtney reagan talking exclusively with the ceo. highlights coming up in two minutes. minutes. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪

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juk a look at oil now. up about 65 cents to $107.68, but former s.a.c. energy trader sounding a warning alarm. >> the oil market right now is probably as dicey as i've seen it in my career. the geopolitical situation going on right now not even just

russians and ukraine, look at libya, in chaos. iraq, inkreesd production recently, by no means stable. venezuela is a mess. a lot of reason to be concerned about supply in the oil markets now. >> over the last year oil has been relatively flat, but if you look at the chart, it tells an interesting story. in terms of volatility. there's an awful lot of volatility inherent in ice crude. coming up on "street signs," mandy drewy is ready to go. >> indeed she is. getting microsoft office on your ipad. how groundbreaking is this strategy? from the new microsoft ceo. we'll discuss that. and stocks to get you a jump on the opening up of cuba and joined by one of the stars of bravo's million dollar listing in new york. drama, guys. make sure you join us on "street signs." [ male announcer ] meet jill.

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order now and get this document shredder to keep sensitive documents out of the wrong hands. a $29 value free. ♪ ♪ lululemon's earning litting the street. the company warned the first half of '14 to be soft. apparel maker shares moving higher 6.25%. courtney reagan spoke to the ceo and is on the newsline.

>> reporter: good afternoon, tyler. just spoke with lou will you lemmon's ceo and asked how lou will you lemmululemon is fixing this? when a brand gets an attack there's a defensiveness that did look like arrogance but there's no arrogance here. we're workingmility and being inclusive. it lost its voice, stopped what it stands for and they're working on changing that. asked about why traffic hasn't rebounded? he said i think we let down our guests a little. product didn't evolve like it should have. the company announced it will accelerate international expansion. i asked why do it now? the best growth for the company truly beyond the u.s.? he said, yes. i really think it is. he said we've had a lot of la meant? events in shanghai and singapore, demand is there. that could be something for investors certainly to look

forward to. also spoke about the opportunity to strengthen the lulu team as a result of some of the symbols last year. back to you. >> courtney, thanks. courtney reagan reporting. that will do it for this edition of "power lunch." >> see you tomorrow. have a great afternoon. "street signs" begins right now. hello and welcome, everybody, to "street signs." a lot more on lululemon in a moment's time. first of all, mr. softie, soft no more. shares of a dotcom boom time levels, on visions from satya nadella. office for ipad goes live as we speak. do his actions back this? and herb says it may be still flying just too close to the sun, and who will bring your breakfast dollars? taco bell says, me, please, and we welcome onboard scott. brian's out on