screen, this as it trying to leverage products on the big screen and halt the swoon selfbarbie sales. >> let's check on some of the stocks that have been real winners. that's it for "power lunch." "street signs" begins right now. warren buffett, a fight over coca-cola, yet another i.r.s. outrage. how is that for an hour? hi, everybody. a huge hour ahead. we are expecting to hear from warren buffett, and get some advice you cannot afford to miss. plus why old retail is suddenly red-hot again. and what just happened at the i.r.s. should make every taxpayer angry. sarah says she's really to

tackle it. >> red arrows across the board. investor says digesting a mixed bag when it comes to earnings. a bit earlier at&t mixed. after the bell it will get exciting when apple and facebook report. also new home sales disappointing. more on that in just a moment. but first we want to go straight down to the floor of the new york stock exchange. mary thompson is fox the action. >> hey there, sarah, as you mentioned, markets seem to be in the middle of a holding pattern. again, disappointment adding pressure to the markets, which again has seen a very narrow trading range today. the dow jones industrial average trading in a 48-point range, making it the narrowest if it stays this way for the full years. let's look at some of the -- what we've been watching today. we came into the session maybe expecting the s&p, maybe the dow would hit new closing highs, but

they pulled back. what did hit was the dow transports. the airlines cominging in with better than expected earnings, and that added revenue it gets from all the people like me who will upgrade or pay to get more legroom or better seat, et cetera. aerospace companies also strong today including boeing, on some costs for the pension overshadowing what was strong demand for the airlines, the company gave a positive outlook as well. general dynamics also very good numbers, positive outlook there and b.e. aerospace coming in with better than expected results. we want to end with telecommunication results. at&t coming in with earnings ahead of expectations, revenue where it was a little light. investors wanted more. the dow is off 16. back to you, brian. >> mary, thank you very much. let's dive a bit deeper. new homes sales taking a nose dive in manage, let's bring in

diana. all right. is this bad news? because home just didn't sell? or did they not sell because of the lack of inventory issue we're seeing with existing aka used homes? >> i've got two words for you, brinen -- sticker shock. >> a different two words. >> it's all about prices. the home builders jacked up prices during 2013, and they could because supplies of existing homes were so incredibly low, the only thing out there to buy was a new home. then you get to the spring market, more homes coming on, we see more supply, and guess what? those prices are just too high for people to buy. >> i'm curious about what it means going forward, diana. there are some signs it could stabilize. housing starts rode 2.8%, interest rates don't appear to be going sharply higher any time soon. what does it bode for the rest of the spring selling season, which is so critical, as you know? >> obviously it's the most

critical, and some people are bashing these numbers saying it's a very volatility series, but i'm talking to folks on the ground who are looking at the builders, who are saying people are getting that sticker shock. i even is spoke to the ceo of a major public homebuilder who told me the expectations for this spring season were simply too high and the market can't meet that, especially with first-time home buyers sidelined. we will see gradual improvement, we will see people buying, but not this huge jump up in volume of sales in accordance it prices. prices always lag sales, but this recoveries historically is completely different. you're seeing volume in sales lag prices. we have nothing to compare that to. well said, diana. thank you very much. we have breaking news on coca-cola. sarah eisen, it's all about this vote over the equity plan. >> they just voted. i got the preliminary results. it looks like shareholders did

approve the coca-cola 2014 equity plan. that was in question, particularly by david winters, a shareholder. he told others to vote against it. it was approved by 83% of the votes cast. that is a vote of confidence in coke management, in the equity pay plan that was set forward. just a few other highlights to show the support coax gets, an advisory vote to approve executive compensation, 90% of the votes cast. >> one wonders how many votes were cast. it's like eight people tend to read these proxy material, unfortunately, so nine of ten people who voted? >> no a lot of people go to the shareholder meeting, and certainly all of them major investors, usually vote on these kinds of issues, but there was some drama going in because of what david winters had raised about the dilution of shareholders, and warren buffett

is the biggest shareholder. you have to think with 83% of votes in approve of that equity plan, he voted in favor of it. coke's got to be happy with these results. you know that the aforementioned warren buffett will appear on this program live. >> yes, i was trying to tease that a bit. >> yes, warren buffett with becky quick in about 30, 40 times. don't want to rush that i lunch. >> well deserved. >> hey, can you hold that up what you're drinking? >> oh, it was an accident. >> yes coca-cola. >> i didn't mean to. ones guy it is, thank you very much. listen, i want to take this past coca-cola, okay? when you look at the average ceo pay it's about 330 times the average worker pay. it has obviously been climbing, income enequality is a massive discussion in this country, are ceo pay packages completely out of control?

>> many are. i do not want to say that every single ceo or top manager in the u.s. is overpaid, but i think it's very safe to say that a much higher percentage of our top executives are overpaid that are underpaid, and recent statistics have shown that this pay imbalance between ordinary workers and top executives is actually contributing statistically more to income inequality and wealth inequality than previously had been thought. >> or maybe it's just getting more attention right now, because the wealth and equality gap has become so much it's become a politically charged issue. this is nothing new when it comes to corporate america. perhaps it's not the right comparison made that brian made between -- you have to factor in the shareholders and the stock. so is it fair that they're tied to the market and tied to these stocks? >> i think you make a good point, sarah, with the comparison of the average worers

'salary with a ceo is not very relevant. you have to look at two things. you have to look at the market factors driving ceo comp, then you have to look at the impact that a ceo has on the ecosystem versus the average hourly worker. when you look at the market factors, there's two things going on. supply/demand at the ceo level is way out of the whack with the demand for a-players greatly exceeding the supply. the second thing going on, there's a growing awareness in corporate america that an "a" ceo can have a greater impact on a company than a "b" ceo, so those two factors are contributing to compensation rising. when you look at the ecosystem, people very rarely talk about what does a successful company do? one, they create jobs, right? and with an unemployment rate of 6.7% in this country, creating jobs should be at the top of everybody's food chain.

>> and instead, bob, and you know, listen i'm a capitalist too, everybody knows that, but at the same time earnings are growing because they're slicing the bottom line. they're growing their stock and profitability by cutting meat and the bone. i have no problem with ceos being paid, bob, but the problem that sarah is making and the flaw in her thinking -- >> i'm making the problem? >> there we go. just because other ceos made less, now i'm going to make more. i have no problem if the ceo outperforms, but average cos, i could run companies better and they're making huge pay packages while underperforming the dow or s&p 500. >> what you have to think about, though, is the days of cost-cutting your pay to prosperity are over, and that ship has sailed. going forward. >> especially if you're taking ceo comp off the table. >> going forward, i think what you'll see is how companies grow will lead to prosperity.

ceos will be successful in the future will be growing their companies. >> i was just going to say i wonder if we would be having this debate if we could see more normal gdp growth, more demand brought to his companies. >> you make a good point, sarah. there are two things missing. number one, at the very high level of abstraction that says ceos who are "a" players do good stuff, the conversation is not particularly illuminating. the question is, are ceo salaries being generated by an honest transparent merit-based practice and process at the board level, and, you know, is it really the case that we open these, you know, people working for less than a year, like departing the yahoo ceos getting tens and tens of millions? i think we need to discuss particular cases. >> right. >> the second point, income

inequality in this country is a bigger problem right now than the amount of wealth in our society. the wealth distribution is a big problem. eye laissez-faire. i'm a free market capitalist, but we need to worry about this, because it affects the political system, it affects the structure of society. it affects people's incentives. this is a problem we need to address with executive compensation is a big part. >> listen, guys like larry ellison came from nothing, he's worth every penny, he built the company, made employees and shareholders rich. people coming in for a cup of coffee geld a $30 million parachute, while the average american family -- >> it's the responsibility of the board and shareholders, checks and balances. >> and the boards are firing ceos left and right. >> don't you think? >> it is a responsibility of the board and for the most part boards act in a responsible matter s two things to think about, internally what's going

on, and the market factors. if you're trying to recruit or retain an "a" ceo, right? you better be sure that, you know, that the compensation package is geared to minimizing the risk, because it's a big risk. if you lose a ceo. >> although -- guys we've got to -- >> u.s. companies got pay cuts last year, we need to isolate the companies for which it really is a problem, and identify those, and not say that it's a -- you know, a huge problem for everyone, but that it's a big problem for probably a third. >> there's also like eight people a every board of the united states. they all just serve on each other's boards, so i'm sure they're xwampl. guys, a good discussion. thank you very much. please disregard my sarcasm. >> that's why you pay the big bucks, top talent. >> listen, the pirates are looking for a backup outfielder. don't go anywhere.

warren buffett wrapping up his annual luncheon, and he'll join becky quick for a first on cs in interview, an interview you can't afford to miss. maybe they'll bring this topic up. >> they're definitely going to talk coke. those results are just out. a lot more to do. stick around. pulls you back into your lane... even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.

how how about this for your outrage? the i.r.s. seems to be in the business of rewarding bad

behavior. they apparently gave out more than a million in bon uses to employees who owe back taxes. let's bring in grover norquist. just to get the record straight. the treasury inspector general found that between 2010, and the end of 2012, the irs paid 2.8 million in bon uses to employees cited in the past year for doing things like drug use, making violent threats, fraudulently claiming unemployment benefits and here's the kicker, failing to pay their taxes. how does that happen? >> well, most people listening to this show or just wandering through the united states, if they did those things, they would be fired from real jobs. not given bon us, you but fired. if you are running the tax system, if you work for the i.r.s., step one might be make sure you pay your taxes, and not -- >> or the other things.

>> so you have this on top of the i.r.s. targeting people political for getting c-4 status. i mean, this is a system that's a mess, it's kind of important to the federal government to have an honest, noncorrupt, grownup serious tax system that people can trust. this does not build trust that accurate, unbiased. >> and already struggling with trust, grover. why do i.r.s. employees bet bon uses at all? >> they have a system where they hand out bon uses -- if they were doing bon uses instead of overpaying them anyway, federal employees have a pay package, benefits, pensions, pay, twice the average american pay package. the pensions are above average, the benefits are wild. never mind the difficulty to impossible to get fired, in

addition to being paid twice as much as you are. then they also get these bon uses. so, one, they ought -- they have to be firing some people who don't pay their taxes, who fraudulently get government benefits, or who threaten other people. second, if you can't fire them, at least not give them bon uses? >> grover, it's like bizarro day, i appear to be taking the opposite side of every argument that i normally would. first thing i thought was they shouldn't owe any taxes, because they should be the best at everybody of doing their taxes, but is this a case where maybe the overall headline is shocking, but when you dig into it, it's okay, i understand this or understand that? >> i'll bet you a nickel if you dug into it, you would be more outraged. when the government investigates itself, it very rarely tries to

make it look inflammatory. the headline on their study said we didn't break any of the rules that we set for ourselves. that's the headline on the front page. they set the rules and said we didn't break any rules. why? because there's no rule against giving people benefits who have had these problems and forget to pay their taxes. >> before we go, my only grib is it's one thing to bash the i.r.s., it's not popular, americans just don't like the institution. it's a series of problems surrounding the agency, but why not actually focus on reforming the institution? >> well, i think we need to do both. these are two tracks. when you have a tax system, we need tax reform like david camp and paul ryan are doing. all that stuff is important, but you will still have an i.r.s. enforcing the tax laws we do have. that needs to look at itself in the mirror and say they need to set an example for taxpayers. every once in a while the i.r.s.

goes after a famous rich person, and they throw him in prison, and say this is to show everybody? what if they looked in their own offices and took the same approach? >> not a bad point. it's an ongoing discussion. i'm sure we'll hear more about it. thank you for ways in grover norquist. we've got to send it over to seema mody. she apparently has an amazing market flash. >> check out bank of new york, the stork spiking on a media report, tapping goldman sachs to solicit buyers, and said the unit could go for at least 2.5 billion. bank of new york trading up better than 2%. seema, thanks very much. a question for you, america -- is old retail sexy again? some hedge funds sure thing so. we're digging into to why there's new interesting in dillard's and conn's. hint -- this is the worst

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eventually becomes new again. that may be true with a couple of retail stocks as well. yesterday we learned that david, has taken -- as -- those companies were founded in 1890 and 1938 respectively. right when herb was graduating from high school. herb, by the way, off camera when he sits down, says brian, i think this is the stupidest idea that i've ever later. good to see you, herb why? >> i think you're looking at the retailers. i think the hedge funds are looking for good opportunity regardless of whether it's retailer. i don't know what david einhorn is looking at. but when i look at people who like conn's, they're looking at a group of unbankable that are

eventually becoming stronger. they have that market in texas. >> mary, here's why we wanted to bring it up. it's online, destroying everybody. we look at these companies that are either struggling or have already gone away. we look at older retailers. how do we know they see names will be able to do what others in the space have not done, which is amazon and survive, or at least prosper? >> well, number one, department stores have been the best in the past five years as a sect or, because they've created more proprietary brands. so that's the direct. i believe that's what the appeal is for particular department stores. >> can you really lump those kind of names all into department stores? you have sears and j.c. penney in that group.

>> no, it's difficult. you have to rank them. >> i think the forerunners have been macy's j.c. penney, and dillard's an interesting opportunity. and they have a great southern base, a lot of opportunity to expand their e-commerce and digital space. we think that that's what -- >> i've got to bring in one thing. if you come back to conn's and make a positive view of conn's, their customer can't go to amazon or online, because again much of their customer base is the subprime base. >> are you saying people in texas don't have access to the internet? what argument are you making? >> i'm making that case -- that group may not have credit cards, the group of conn's customers, the big group may not have credit cards. >> as we all know, every hedge fund that got into the real estate space or any investor was that it's a real estate play.

then about leases, and you really don't own the space or you do. are these trades good fundamental companies? or is it literally i want the box space, i don't care. >> i think it's a combination of the two. they have some very good space. they have a industry strong loyal customer base in the south, and i think that's a play there. also, there's opportunity to cut costs. that's the thing. i think there's a merchandising thing going on, but i have to believe there are ways they see to cut costs and have a real estate play. >> heron, give us another name that you think hedge funds, smart money would go after perhaps unloved department stores with decent strategies. >> i have not even thought about it. >> because he hates sears. >> penney's obviously will have its ups and downs, but we don't know. honesti it's not my space. >> stocks at 8.14, i have a bet with your buddy jan that it

wouldn't hen 10 this year. it sniffed it, fell back down. we haven't heard peeps from j.c. penney. >> there's probably a reason for that. we'll find out obviously -- i don't know. >> do you have another name in the category you like? >> one that's also making a comeback is kohl's. we've seen some progress -- >> you think? you think with the inventory issues? >> yeah, later this year, i think with changes. >> didn't we hear this a year ago? >> we did. i didn't believe it in a year ago. i do now, for what it's worth, so we're getting positive responses out of kohl's. we like what here doing merchandisewise. >> i mean this with the greatest respect, you have a bit of a wisconsin accent going on. >> it's illinois. >> i knew i was close, but i don't take that into account when i form my opinions. no, no, no. >> where you park your garage as you go to your job.

thank you very much. >> hey, watch it. >> ah. >> you know mid westerners. >> the teleprompter says stop. plus a sugary sunshine stock. >> and from the oracle of omaha, warren buffett will join becky quick. do not go anywhere. why is our arizona-based company relocating manufacturing to upstate new york? i tell people it's for the climate. the conditions in new york state are great for business. new york is ranked #2 in the nation for new private sector job creation.

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well. got close to that back in march. this call after google and sunpower agreed to lease in a residential project. b of aismt, by the way, upgraded. >> that partnership with google helps. how about lumber liquidators, that stock upgraded along the research from your home state of virginia. >> it's not helping today. down to 87.89, but the target is a very heady 110 a share. the stock is at 88 bucks. they believe the first quarter will not be as bad as some expected. they also see strong store expansion. this is really a housing play. there you go. >> they compete with home depot, with lowes. illumina getting an upgrade to buy from hold at maxim group. >> there's a caveat, so hold on.

maxim's target is 205, about 35% more than the current price. they know clinical customers are accelerating, blah blah. here's a bit of a red flag. it's the second time theefb positive on this name. in 2011-12, the calls did not work out, so maybe this is the third time will be the charm. >> they also came out with earnings, so it was a bead, no gilead, but certainly a beat. >> stock is up a bit. number four, sky works. shares jumping after danson raised its target. >> so about 8.5 bucks even after today's 9% gain. they note solid second quarter results. the rating on skyworks solutions remains a buy. >> this one is interesting, too, because they use -- samsung and

they've been bullish about that. they also -- skechers usa, this stock is having a big week, seeing more gains after sterne agee raised its target after earnings, after the marathon. >> yesterday on "squawk on the street" you and carl interviewed meb keflezighi. who was wearing skechers. >> i asked him about that. he used to wear nike. and he said nike thought i was too old, and guess what? >> meb, great job, hope for all of us. the target is 35% higher. they retained their buy rating, so skechers getting a boost from analysts and meb. >> i have a bon us for you. mattel, teaming up with sony for a barbie movie franchise. >> okay. okay. >> nice music. >> what is this music? >> barbie girl.

>> two questions. movie, mattel, barbie movie. >> i will be there opening day. >> is it that woman in ukraine who spent about a million trying to actually look like barbie? >> i don't know. >> what is the plot line? >> no matter what, it's going to be great. it's every girl's fantasy. they made their own plot lines. >> she drives around in a corvette. what's the plot line? >> i think sony has a winner here. >> you think so in. >> i do. as a former barby fanatic. >> you want to put a caption on that, opening weekend, nothing more than $30 million. you won't take the bet? >> i'll take the bet. >> we'll do it opening weekend. i'll take the under, you take the officer. on the record, national television. >> bullish on barbie. >> it is being called the best drug lunch. gilead up, after announcing it

sold -- it is hep-c, and people slamming the company for the costs. let us talk numbers. on the technicals on the fundamentals michael yield, rbc capital. listen, this got a lot of attention for the wrong reasons. has gilead prove all the critics wrong? >> well, i think clearly what gilead has demonstrated is the strongest launch in pharmaceutical history. i think you made comments about price. i think there's a lot of justifications for the price if you want, but have they proved people wrong? i think the stock clearly is cheap on this year's earnings, and next year it might earn 8 to 10 bucks a year. significant discounts to the market, significant down to the peer group, yet the company is growing earnings, so proving people wrong? yeah, i think they're proving the best launch in

pharmaceutical history and the stock is still cheap. >> but a moon shot over the last few weeks. >> the chart is still healthy, and an up trend. i am concern short term. since 2010, stock has been up 250%, and everyone knows the story. february came along with selling pressure. but what happened was when we undercut the 50-day moving average, it started rolling over. price undercelt critical support. now we rally 20% over the last few days, we're bumping or head. we can't get above it. as you guys said. best drug launch ever, where are the buyers? i would expect the stock to be ripping today. over the last 2 1/2 years, manager had plenty of time to enter into the stock. i don't know where the next incremental buyer is. longer term, i do like it, but before we head higher, we might have to move lower to become more attractive to entice buyers

to reenter the stock, michael, last word to you, what is your price target given the fact you think gilead is still cheap. >> no, yeah, i understand what he's saying, my price target is $96. i think we can get there. the numbers still need to go up a lot. that's still well above what anyone was thinking just a couple years ago. so that earnings -- the company can still put the cash to work, $20 billion in cash flow, accretive deals, things not even in the numbers that could still play out. >> that sounds like a bullish call, stock up 2% as we speak. thanks so much for weighing in. be sure to check out the online edition of "talking numbers" in partnership with yahoo finance. it's your last chance to guess the mystery chart. it's the worst performer on the nasdaq 100 this week. herb greenberg will be back to

talk about it. >> jim cramer already got it. he was look, boom, nail it. >> did he really? >> it was just on the twitter thing. plus warren buffett, yeah, doing his annual charity lunch today, somebody paid a million to eat with him. becky quick is there with you. becky and warren coming up, but first over to bill griffeth. do you have warren buffett on your show? >> if it goes long enough, we just might, sully. stand by. we're wondering whether the subpoena can extend its win streak to seven days. stick around. another high-flying biotech stock like gilead. that is m.s. drug helped the company's first quarter profits surge. what is next in the pop line? we'll talk exclusively with the ceo coming up. here we go, more earnings, some very big ones tonight. some instant analysis on

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it is it is time for today's sunshine stock. check out dr. pepper snapple, soars today after a big earnings beat. a jump of 46%, dr. pepper snapple trading at the highest level since being spun off from cad bettury to 2008. time to reveal today's mystery chart. worst performer in the nasdaq 100 in the past week, herb greenberg is here. you know if you're a loyal viewer, much weaker than expected earns, citing significant declines. the sales of its da vinci robotic surgical devices. herb greenberg has been red-flagging this, also in the reality -- >> reality check. >> i don't want to call it a newsletter. what's the appropriate term? >> i would call it a report.

a red flag report, subscription only. >> now to be fair, okay, you've got it now, but you've been negative for a while, and they have surprised. >> when i looked at this earnings call, it really got me gog. i pulled out mild interpretation and put on reality check today. what you want to look at is it was the things that the company says. it wasn't just the procedure growth rate, which is you could drive a truck through it, 2% to 8%, way below what the street was expecting, but the tone of the call. if you look at it, several things i outlined, including in audits with the fda, and what they came through on the report and said that the fda noted there were additional areas for improvement on which they'll report soon. they also acknowledged that the u.s. business is undergoing change. they talked about the changing dynamics within their u.s. business and mentioned that this new robot they have called the da vinci xi will be a lower

margin product than the prior product called the s.i. those are the things where a lot of analysts are saying, whoa, what just hit us? the company pulled no punches. they do a have good job of candor, but you have to know what you're looking for. most analysts came out, went negative. one analyst said it's a buying opportunity. i have to say one very important thing here. that is that the company did not -- and i want to stress this -- did not blame the weather, which is what analysts did when the company warned back on april 9th. >> which is just ridiculous. oh, i desperately need surgery, but it's raining, so you know what? i'm going to way. >> that doesn't happen. >> i actually feel it's important, why the analysts came out and tried to defend it. anyway, look, this is a company in strong reboot as i like to say, radio bots aren't going away, but can i say one other quick thing here? very quickly, the company's

growth is going down and urology, and the important part is this. if the big parts of the business are now showing weakness, what does it mean for the next areas of growth for the business, like gal bladders, which, by the way, that's been a growth area. the company says that's moderating, too. so you have to look at all these signs. >> unless they can get into more general surgery. >> they are trying to, but there's limits. $469 is the average analyst price target. so either wall street's got to bring its analyst estimates down by 90 bucks -- >> they're not going to do that. >> or the stocks will have to do something, or wall street will be wrong wrong wrong, unlike you. >> thank you. why am i complimenting you? you've been nasty all day >> because he was right on this one. apple earnings, a little more than an hour away. we know you're excited. guess what? the earnings squad will be here, will tackle that one for us. >> we are wait fog warren buffett, finishes up his charity lunch, a million bucks, but you

don't have to pay that. becky quick is standing by. set the scene for us. >> you know, brian, we are waiting ourselves. i'm told they have finished up lunch, finished up dessert, i think and are having coffee. we should be seeing him any moment. the most pertain innocent question is what he think being coca-cola, the equity plan from the company that passed overwhelmingly, but warren buffett is the largest shareholder with just over 9%. we'll find out he he voted his shares when "street signs" returns. ♪

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cleveland clinic. call today, for an appointment today. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while.

someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. go to comcastbusiness.com/ checkyourspeed. if we can't offer faster speeds or save you money we'll give you $150. comcast business built for business. earningome to the welcome to the earning spot. i'm melissa lee. joining me now is dominic chu and herb greenberg. the s&p 500 reported 65% beat eps tarts and 13% met and 22% come in below forecasts. got to hit off with apple reporting today after the close. guys this, could be the end of the streak in terms of revenue growth year on year because right now this could be the first time in 11 years when apple has seen a revenue decline so we're looking for that. most analysts are expecting that

deline. herb, you're going to love this. the eps estimates, eps is forecast to rise by 1% because of share repurchases, because of share repurchases. >> when is low quality and everybody knows the big story is ultimately it's not this quarter, it's going forward and it's the iphone 6 and will it jump start sales? whether subsidy declines at the big -- the big phone company, big mobile operators will affect things. >> margins expect to be 37%, 38%, look for various shipments of the units and investors want to hear about the cash are. they going to say anything about a buyback, about more repurchases? barcl barclay's analyst on our air said why have we not heard what they are doing with cash yet? could that mean they will bundle it with bad news after the close so that's interesting. >> if you look at the way the stock trades, not a good trade on earnings day or after it. i want to say six out of the last seven quarters in terms of earning days they have been down

in terms of the stock price. >> the past ten quarters, the average move in apple, plus or minus 5.4% and the options market right now pricing about 5% to 6% move, so right in line. interesting to see how they trade. full coverage on fast. meantime have to hit facebook, the other wiggy. 24 sent a share. 2.36 billion in terms of sales, but when it comes to sales it's one specific kind of sale that you're looking for, advertising, of course, advertising broken into one specific advertising revenue and that's mobile ad revenue. that will be key. looking at what facebook is doing with mobile ad revenues and if they are growing their user base. 790 some a 0 million active usey sign whatsoever what will happen with this mobile app launch? and questions about what will happen with oculus. >> when it comes to advertising, the effectiveness, because foolishly i clicked on something

i regret clicking on and so have other people and i suspect they will have great numbers to show for that. perhaps, if not. >> plus or minus 9% move in the stock. >> that does it here for us at earnings squad. another earnings preview tomorrow. meantime, back over to sarah. >> breaking commentary from david winters who was urging shareholders to vote against the coke equity plan. the vote did not go in his favor with 83% voting for the coke equity plan. we'll hear from warren buffett but first david winters says we're please with the result of the vote. it was clear that there's a substantial number of shareholders who did have concerns with the plan. >> a brave face. >> and he slams warren buffett and says we're surprise that had warren buffett had the opportunity to take a stand against successive management compensation and failed to seize it. >> i don't know if i would call that a slam on warren. i mean, he was saying he was surprised. >> look. he had written a number of letters. >> as you know, he's a rational

guy. >> and a shareholder of berkshire hathaway besides coca-cola. made very personal appeals to warren buffett saying you like to take stands against excessive management comp and now he's saying -- >> the dow up 12% in the past 12 months. coca-cola down 4%. >> underperformance is a big theme. >> by the way, still waiting on that guy, warren buffett. >> that guy, warren buffett. >> still coming up here first on cnbc. don't go anywhere. expect him out of his lunch any moment now. stick around. e financial noise

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speaking of billion airs, a political battle between billionaires the koch brothers versus tom stier, expert on the rich guys here to explain. >> yeah. this is pretty interesting trash talk between tom stier and the kochs telling c-span, the policies of the koch brothers line up with their pocketbooks and that's not true for us and what we're doing, which is more purks standing up for ideas and principles that we think are incredibly important that have nothing to do with our incomes and assets. one billionaire donary telling them that they are the self-interested. >> the broader issue here is that the left has been criticizing the kochs, sheldon adelson for years, but when it's their billionaire supporting their causes somehow it's okay. and i think the entry of billionaires into politics is a bad thing. >> on both sides.

>> he runs a hedge fun, a san francisco-based guy and sure he's done good work. but dig into the portfolios of any hedge funds, not just fairlawn, i'm somebody could find something to be upset about. >> what they are upset about is his fund is invested they say, many say, in a pipeline that competes with keystone, so they are saying he would make a lot of money because he supports a competitor. you're exactly right. everyone can be traced to some financial interest and something. no billionaire is pure when it comes to mercenary interests, and these supreme court decisions which allows so much influence by billionaires is going to be tough. >> on campaign financing, the mid-terms this year leading up to the 2016 elections. >> right. >> and there's going to be a lot of focus on the sheldon adelsons and stiers of the world. >> 30 seconds. waiting on warren buffett. he'll probably pop up. see what happened there. >> i just want to see what happened here. >> this just happened, by the

way. right? >> he's abnormally tall. >> and you're abnormally short. >> and the dow jones industrial average down 9 points, warren buffett on "closing bell" coming up next. >> sarah thank you, by the way. >> "closing bell" starts right now. >> and funny enough, yes, we do welcome you to "closing bell" at this time of day. i'm bill griffith today at cnbc headquarters. >> i'm michelle caruso-cabrera here at the new york stock exchange where the winning streak in stocks is on the line. right now negative territory. dow jones industrial average is lower by about ten points and the s&p 500 is down roughly four points. >> not a lot of volatility. a lackluster day after yesterday's late selloff, when we pulled back from what could have been an all-time high so we'll see what we can do in the last hour. art cashin feels like if we