full percent. the nasdaq composite up 1.5%. tripadviser up 6.3%, sailsforce.com, and monster beverage. so a very strong start to the day for the bulls and start to the week, ty. that will do it for today's edition of "power lunch." >> "street signs" begins now. another day, another record high for stocks, but with the situation in ukraine taking another scary step, the question is, why? hi, everybody. happy monday. we try to answer that question with your market playbook ahead. plus a rare studio interview with tom perez on how to ignite this josh mac. and one of the worst ceo apologies of all time. >> a pop quiz. the tars dab is enjoying the biggest gain in over a month thanks to internet and biotech

stocks. can you tell me what the leading percentage gainer is. and a clue, its not a biotech or internet stock. >> yellow. >> yellow is very, very close. >> kiev. >> kiev is also close. we use a machine of this particular brand in our coffee room. >> pitney-bowes. >> that speaks a lot about it. it's keurig green mountain. >> you would say, weigh, you're really smart. excellent answers. >> i didn't know. honestly i had no idea. >> i made it a little hard as well. about bob pisani, the dow has finally started to build some gains. >> well, because the trading community has hated the rally for the last three years. >> that's true. >> they think a lot has been created about by the federal reserve. right now, though, for today,

we've been getting stability in the momentum names, we mentioned the internet. look, up 2.5%, the biotech. this has been stable for a while now. the last week or so, a bit of intraday swings, but that's the most important thing. we've seen people who believe it's -- getting into the s&p 500 have been arguing for a while. put up the next screen, banks and retailers, some of the home builders have been weak, but the bank index is up almost 2%, the home building index, retail index, these have been weak, but they're doing better. the point is, mandy and brian, you're getting short covering on a day like today, for these underperforming groups. we're also seeing the s&p 500, look at this, when you see the yield on the -- excuse me, when you see the y50e8d on the ten-year, he said, moving to the up side, over 2.6%, more stability in the market as well. finally even overseas, china had a great day again, up over 2%, bombay, of course the election is over there.

we'll get the results on friday, up 2.5%. put a little china into it, throw a higher yield in, and stability and momentum names, and you have a little rally going. guys, back to you. >> bob pisani, thanks very much. in the meantime the situation in ukraine, let's bring in our chief international correspondent michelle caruso-cabrera. i mean, it's getting real. >> yeah, so two eastern provinces of ukraine held those referendums. it seems incredibly day on theic. a lot of the places to vote didn't have curtains where you could hide behind. bbc reports they saw at least one person vote twice. still, these two regions, they come out, say we have voted overwhelmingly with you tore autonomous or be independent from kiev. what may be helping the markets is what russia did or did not say. when crimea did this, they almost instantly annexed crimea.

russia has not done that so far. see this violence that happened over the weekend? several weeks ago we would have seen this and said, this is the excuse that putin uses to invade eastern ukraine to protect russians. that so far has not happened, either. >> though some people might argue he has already invaded, but from the inside-out with fake insurgents that are actually russian operatives. >> yes, for sure, i think that's what the u.s. state department believes 100%, but actual invasion? no, and so far no annex ace, which at this point would look good and would hold off any sanctions at this point. >> what happens now? >> we have to wait and see what russia does, if any at this point. remember, thursday of last week, it sounded like he was standing down. we still don't know today if we believe it, but he was very busy over the weekend, you know this. >> scores six goals in a hockey game where, as "power lunch" just showed, no one touched him,

no one checked him, the goalie fell down. >> so maybe he's thinking about it. what he'll have to think about moody as has come out and said negative things about russia's neighbors. they think russia will be down 1% in gdp, ukraine down 5 to 10%, so that will affect belarus, all the surrounding countries as well. that's the risk, right? when putin has already made comments about estone i don't, mall dova, what about belarus? what about those companies? >> just because he hasn't said anything today about eastern ukraine, you have to wonder where is he going next? >> thank you very much, michelle caruso-cabrera. will the u.s. markets continue to shall rough off the flash points? what do you think, bob? >> i think the market is voting

appropriately. the economy is doing a little better and sigh ukraine? where is that? i don't want to be that flippant about it, but from here, it's not as if putin has all the options in the world. he has a lot of fiduciary he'll be quiet and i think go back to playing with other things. >> bob, can i take it one step further? it's not ukraine, where is that? it's almost, ukraine? okay, but makes us look even better? bob? >> yeah, i think that's right. look, it's not as if the u.s. and the west have been entirely unified on this. there are economic interests at play. it's not just about geography and politics, as you well know. i think putin has known that all along and said they, the europeans need some things that i make, natural gas among others. as a result, is not as clear-cut as the good guys versus the bad guys. >> you know, john, the two best dogs i ever owned were my ugly.

muss from the street. that's a metaphor i think for this market. to bob pisani's point, why do people treat it like a ugly market? why do they hate it? all we've done is double in more than a couple years. >> i think as bob was saying, the markets around the world are a bid better, but is it enough to drive the markets? is it the fed? the central banks? right now on why in the markets -- and i think that's what people have to begin to deal with. some of the historic things being learned -- people have to look at they longer-term horizon, what's going to be the next set of economic numbers out of the china or what's going on with even just u.s. unemployment. a lot of these things have to be look at long-term. >> and you guys have a really interesting, maybe even i find

disturbing survey which is out, which is 51% of the people you surveyed believe, john, that housing is a better investment than the stock market. forget about the market that buying a home -- i've done the math on the home. i'll never make moan with all in with repairs, whatever. are you shocked at the lack of conviction shun and equities over the long haul? >> yeah, i am. but, again, i think people look at what they know and people see a house, they see it as a value. they see an opportunity to acquire a house they can live in. so it's a better understanding, where there's so many intangibles, they see the last few years, they believe in some ways, i think, i've got a foundation, at least with a house. with a stock you've got a piece of paper that el never get to see. we have to get them over that. without stocks they're not going to hit the returns they need to hit for later on in life. they need to understand that.

>> and that finding dovetails into another part of the survey. 60% no longer believe that allocation, based on stocks and bonds is the way to the best returns. do you agree with that statement? what kind of allocation would you prefer going forward? >> yeah, i think people -- >> durable portfolio construction or create your own personal benchmark. that's what companies, pension plans and investors institute, what investors have been doing for a long time. >> you're talking about 14%. so, you've got a big disconnect, and i think ed needing to through through traditional long only, and look at a more diversified portfolio, but some of these newer instruments that are available to investors

today. >> sorry, bob, what were your thoughts on that? >> yeah, first i was going to comment that i do agree, this has been the least believed bull market in the 34 years i've been doing this. it's amazing. we've almost tripled, and we still don't believe it. on the asset allocation, look, a lot of those models are built, as you know, on historic returns. if interest rates creep up, as i suspect they will, bond returns for the past are not the bond returns for the future. i think that makes those models very questionable. we need a dose of common sense, and as john has pointed out, the ability to look forward. what are invest ovr objectives? and how are we going to find sets of products that matt them? >> bob and john, a great discussion. gentlemen, we hope to see you back here on "street signs" soon, take care. still ahead s. to 14 really the year that wage gains will finally accelerate. thomas perez will be joining us on set talking wages, jobs and growth, next. in the meantime get your

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all right. time now for something special, folks. we have a rare in-studio

interview with the united states labor secretary. steve liesman has more. >> it's kind of cool, right here. >> sitting at the table. secretary thomas perez joins us. thanks for joining us. >> a pleasure to be here. >> let's talk one of the most debated issues, the long-term unemployed, 800,000 leaving the workforce. is that a sign of weakness? >> well, we need -- we need to no more for the long-term unemployed. the most vexing challenge in this recovery is the plight of the long-term unemployed. the long-term unemployed rate is about 1%. it's about 2.2%. congress has never failed to act to extend unemployment benefits for the long-term unemployed many would art it's gone on for a long time, why spent the

money? why spend the argument? and what's the best way to put the long-term unemployed back to work? should there be a lower minimum wage? >> there are a number of strategies we have used. we call it on the job training, where we subsidize the wage of the workers, and basically say to the employer, take a flyer on this person, this person has incredible skills and we'll subsidize the wage. it works. it works very well. >> it costs money to subsidize the wage, but it costs even more money when somebody has been unemployed for a long time and they're not back at work. there's a lot we can do to help the long-term unemployed. there's a lot more we need to do. extend the benefits is not a panacea, but as one long-term unemployed person said, it's hard for me to look for a job when they cut off my cell phone, because i don't have any moan to pay for it. >> another regular debate around the table is how do you promote

a career that doesn't necessarily start with a four-year college degree? how do you bring them on to, in terms of status, the same playing field, someone who chooses to go to college and someone who chooses to work with their hands, go and get an apprenticeship? >> there's a bright future in america for people who work with their hands. you go to wisconsin, for instance, the average age of skilled tradesperson is 59 years old. i talk to employers all over the country who say we need more people in the skilled trades. that's why apprentices are so important. it's not just in the skilled trades. i.t., health care, et cetera. the one challenge we have is we need to alter the perception of this work, and really talk to parents, because when i talk to parents and say there's a bright future for people who work with their hands, they recoil and say my kid's going to college. this is a credential. when you become a member of the ibew, you've got a remarkable

set of skills, and community colleges are accepting those skills. you're on that higher ed super-highway, and making $30 an hour. that's a good wage. >> ratherly, mr. secretary is good news and bad news the same number, but it seems to be in this case. there are 4 million open jobs in this country, right? that's the good news form the bad news is why are there 4 million open jobs not filled when there are 14 million or mower unemployed. >> i think we're moving in the right direction. during the depths of the recession we had roughly 7 1/2 job seekers for every job opening. now we're at about 2 1/2. we need to be at 1 1/2, and then we'll be moving forward. i talked to many employers who say i'm bullish about the future, i want to hire now, i want to grow my business, manufacturing and elsewhere. we need to make sure all these workers have the skills to compete. that's why we're so involved in the skill space. >> and it's a personal story for me as well. everybody knows my father-in-law

lost his job in the '80s and we moved from california to virginia, moved back home. it was financially devastating for my family. sorry, dad, if you're watching, but a true story. do we need help with labor mobility? can the government do something so that the guy in michigan that -- he doesn't want to abandon the home and get his credit destroyed, but there's a job for him in tennessee. he's stuck. >> that's a great question. the answer is we actually do things on the mobility side. we take the job seeker as we find him or her. the go to west virginia, for instance, there are jobs that have gone away, many may not come back, we're working on that, but in some cases we've helped people retool, so the coal miner is now an ambulance driver. in other cases we've had helped with relocation, because there's a job in north dakota, so the breadth and depth of what with el do at american job centers to help people get employed,

whether in their own community or where else, that's what we do. >> we can't let you go without discussing the minimum wage, 10.10 an hour, they call it a job killer. it will prohibit employment of the lowest skilled worker. >> look at history. they made those same arguments in 1996 when bill clinton signed an increase in the minimum wage. we race -- we first put the minimum wage in place 76 years ago, and every president have raised it, because they understand that people who work a full-time job shouldn't have to work in -- when you put people's money in their pockets, they'll spend it. and when you spent it, you stimulate growth. we have a consumption deprived recovery. that's what the minimum wage does. >> come back again. >> can i quickly just ask you about the "usa today quest story? a lot of people talking about finally 2014 will be the year after stagnating that wage gains

will accelerate. do you agree? >> wage and minimum wage would certainly help for that. last month was relatively flat. we need to have shared prosperity. productivity has gone up 90% since 1979, wages have gone up roughly 3%. i think we need that shared prosperity. i think we need to raise the minimum wage. when we pass immigration reform and investment in infrastructure and you grow the economy nur, that put further upward pressure, because more people are getting hired. if you pass what have been common sense and bipartisan initiatives in the past, we will help raise wages in the future. >> and with that, i do believe we do have a final thank you very much for joining us. >> great to be with you. still ahead, we're taking the pulse of regional banks, with a brand-new acquisition, going to be joining us next. >> and details behind the

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if you listen carefully, you see a graduate, steady improvement in confidence. not just by consumers, you can see it in how they're behaving,

by businesses around the world. what that reflects is people feel more confident now, we've had 4 1/2 years of relatively stable growth. really remarkably stable growth. i think gradually that's building more confidence. that was former secretary geithner shelling out some hope-ium. so senior consumers feeling more confident? let's go to the front lines of lending and small business with one of our friends, the ceo of valley national bank jerry lipkin. >> the u.s. consumer maybe vis-a-vis i'm going to borrow enough money to start a company, are they doing? >> not aggressively. automobile sales are up. they are about as strong as we've seen in the last five, six years. we're running around 2,000

application a month, which is -- which is an exciting number. that we are seeing volume coming through. unfortunately the housing market is not as strong. we're seeing probably 500 applications a month. >> compared to a few years ago? >> 2,000. that was when the re-fi boom was hot. that has cooled, but sure not they levels we would like to see in new york and new jersey. >> indeed you came you were on the show talk you about when the re-fi business was booming, but you just have to wait for better times? >> broaden your footprint, go out more aggressively. as you mentioned earlier we are in the process of expanding the franchise footprint. we have signed a contract to acquire a bank in florida. >> considering that half our

state is moving from new jersey to florida, new jersey loses more people than any other state versus what it gains almost every year. >> florida is a very attractive market. it is growing rapidly. this time of the year, it's expected to become the third most pop ulouse state in the nation. >> so favorable demographics, favorable tax rates, comparatively speaking. where else are you looking to expand? >> they're actually showing more small business growth, and when you look at the demographics, they're getting a younger population moving in, which is encouraging, heretofore it was always retires that you expected to be moving down to florida. now we're seeing a lot more younger people. >> where also are you going to go? >> florida is a pretty big state. there's a lot of room to expand down there. we only have 22 offices as a result of the current

acquisition. i think there's a lot of room for further expansion. >> you know, i'm going to tick off a lot of realtors right now. there's something that just doesn't jibe. we hear that housing is the most affordable in x number of years. then when mortgage rates tick up, purchase volume to buy a home drops off. if housing was so doggone artable, why would a jump in rates impact anybody's ability or desire to purchase a home? >> i can't answer that. i wish i could. i'm absolutely stupidstup stupe. it just dried up the market. >> are we addicted to just cheap credit in this company, to where now 5% seems like an expensive mortgage? ivities i think it's affecting it. i on automobile volume has been pretty strong.

however, a any automobile loan wholesale is just around 2% to a car dealer. which means they can retail that out at 3% to the purchaser. that's a very, very inexpensive purchase for an interest rate for a purchase. >> always good to talk to you, jerry. friend of show. thank you. >> thank you for having us. a second days of mers has turned up. >> the cdc saying a second case has been identified in the united states, this time in florida. earlier this month, the first case was detected in indiana. the cdc saying in a press conference it's still a very low risk to the general population. it generally spreads in the health care setting. indeed this patient was a health care provider, working in saudi arabia and had flown back to the united states. now, the cdc is reaching out to others flyers on those flights, trying to make sure it didn't

spread to those other people. they did this with indiana found it hadn't spread to anyone else. also today providing updated numbers, the number of people who have been indetected, up to 538 laboratory confirmed cases of the mers environments and 145 deaths that have been reported, up from about 262 cases and 93 deaths, but again the majority of those coming in saudi arabia, guys. >> thank you very much for the update. still ahead we're talking tractors and gluten-free foods, and those of you who didn't see the graphic with actually the answer on it. here's another chance. the first, it was the best performing country etf this year. the second hit, and a river runs through it. we're back after this, with a true mystery. we're moving our company to new york state.

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let's look at what the markets are up to, the dow hitting a new record today. i think the second time. the nasdaq is the outperformer percentagewise. a couple really beaten down sectors, biotechs and internet stocks doing well for the nasdaq. time for street talk, recommendations, aris group getting an upgrade to overweight. >> shake off those weekend cob webbs. seeing a price target booth from 36 to 31. folks that's about a 24% up side from where arrs assistants right now. the stock is up 77%. mr. and mrs. ceo, if you're out there, call in. >> getting a downgrade. >> this is a pretty big call. it's a huge cut. longbow research, not a big sell-side shop. their target on deere goes to 80. folks, the stock is at 93.73. they're calling for an 80 $prize

target. that's a huge drop from where it is. stock still up about 7% over the past year. that's a very negative call. boda brands, being up to a buy at suntrust, which means -- >> which means i didn't put it in by accident. i think herb is walking and sticking it right to him. the analysts obviously disagree, the target has boosted, so my -- that's a double on boulder brands. >> travelers getting an up to buy from -- >> to 92.23, 25% up side seen, stocks up about 7% over the past year, so it's underperformed the most in the market. >> our under the radar name is essant. >> bermuda-based insurance company, up to buy from neutral. their target 24 bucks, about 20% up side.

the average target is $25. that was street talk. now to talking numbers. this is our daily look at one stock. today we're going to talk about p, pandora. shares up around 5% today. they got an upgrade to a buy from a neutral. they cited a few things, not the least of which is greater monetization, and the so-called stickyness with users. people are ticking around. carter wirth of sterne agee, steve cortes, actually carter i'm going to start with you on the chart. this is a big technically driven name. >> i think what is most incredible is how does one explain 20 to 40 on to 20 all in five, six months. really what it means is one thing. no one has a clue what it is worth. >> well set. >> one can only say we know it broke trend. you can see that in the

well-define trend line drawn, and how the stock has given back basically 50% or more of the preceding advance. it's a case of do nothing. the stock has come down to a point where just buying because it's overdone is speculative, and getting short all the way down here is probably back technique. we think it's probably worth 23.25. >> fundamentally speaking, do you agree it's different to know how much this company is worth? >> of course it's difficult. it always is with new tech companies, but i think right here, do not put pandora in a box. i think this company is very worthy of this price and much higher. the main reason i say that, wall street often freaks out with pandora anytime a new competitor arrives. as you mentioned in the prefalse, the stickyness despite these new arrivals, they are maintaining the customer base

and growing it, and growing the total time listened. i think that is significant. look, this stock got trashed over the last few weeks along with any momentum names, but they're starting to show some stability. they held those late april lows. its think it's a time dots in and buy pandora. >> two different views, which is why we do this, right? gentlemen, thank you. now is the last chance to tweet your guesses. or maybe yell it at the screen. we'll definitely hear it. we also total you the best performing country etf so far this year. >> what's the hint? >> it's not a pyramid scheme? >> not a pyramid. >> plus gm ranks dead last, we're going to tell you who is trashing gm now. hey, bill and kelly, do you know what the best performing country etf is this year? >> i'll bet she does.

pakistan, nigeria, sore is it last year. >> it's a frontier market, and is on the continent of africa. you're close. >> south africa? >> no, tease your own show. >> i'm running out of african indexes to guess. thank you, guys. dow, s&p 500, speaking of what's happening in this country, 1/3 on track to close. stick around for the last hour. >> yes, and heading lower most often. we'll tell you hoe he plans to fend off. that's coming up. >> we've been asking for your thoughts on this one. >> do you like in-flight wifi? >> it's a fascinating one. a troubling new report on -- problems for apple and its rivals. >> and could russian president putin be the next hockey star in the video you have to see to believe, coming up on "closing bell." tdd#: 1-800-345-2550 searching for trade ideas that spark your curiosity

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this is our mystery chart. we asked you to not be in denial. the answer is egypt. yes, we know we flashed the name at the beginning. >> fortunately we got a lot of people listening on the radio who of course would not have been able to see that chart. even we're starting toss ipos come back. >>. in fact they rank it as the worst of the big is this a case of gm, or they're going to hammer them the most. >> it's a case of doing much better, but general motors did come in ranked as the only of the big six, basically the bick three plus the japanese big

three 14 they have ye they have done it, then you have four chrysler and gm, the only one rated as poor. they've been more suppliers to deal with. and -- the japanese automakers have gone much further about working hand in hand and having more established, stable relationships. so guys, this is what you get. you get general motors in this annual survey coming in dead last. there's a comparison of how these stocks have done. basically trading in tandem. it is not a case where gm is really struggling. they could learn something from this. >> point taken. thank you very much, phil lebeau. you can watch the documentary

failure to recall, investigating gm. it premieres this sunday night at 10:00 p.m. eastern. perhaps no big-cap tech stock is more disappointing than ibm. it has missed most of the rally since 2011, but sometimes, sometimes pain now can be gain later. joining us is cantor fitzgerald global technology brian white. you've got one of the highest price targets on the street at 220 a share. why the optimism on a company that some recently have suggested may be simply too big to succeed. >> if you look across the i.t. landscape, a lot of these big tech companies have been challenged over the past 18 months. i.t. spending has been softer, number two, you've had a big shift into cloud and big data trends. and number three, the economies around the world, more recently have been soft, but i think as

you get through these, when we look at ibm, the profit cycle, the sell side street analyst opinions have never been lower, only 14% of analysts have buy ratings. the lowest in a decade. i think they're going to make this transition. i like ibm here. >> but peter, you're not necessarily in agreement with that. i understand you do not need a near-term inflection point fundamentally? >> no, we think it's going to take longer than that. they have good assets, but the transition to the cloud will be very painful with their hardware and their services business. x series, the sale of x series is causing a lot of dislocation of corporate customers. it's going to take a hard running to make sure the p series and e series aren't infected by that corporate la lace. >> brian, do you believe that ibm will manage the change?

i notice you're bullish on what they have done. >> well, the great thing about ibm is 87% of sales are services and software, and almost all profits. so they're selling the x-86 business. >> it's not a hardware company. i was wrong. then why aren't they getting more love from the street. if they are, you know, that sort of software based and nimble. >> number two in the world in software. i think, you know, when you look at the transition occurring, i would much rather be betting on a company with a strong software franchise with someone with a strong hardware franchise. that's exactly what ibm is. >> not so long ago everyone thought the emerging markets would be great opportunities for markets like this. it continues to be a drag unfortunately. peter, sow see the emerging side of the business picking up? >> not in the near term. we think they offensely have to go through the eaty money transition that the federal

chairwoman yellen is trying to achieve. but i think it's important to neonote how much comes from the hardware maintenance and how much bundled services and software and heart ware go into a sale at ibm, and got to remember that perpetual licenses are also a big part of their story, and in the cloud world oar not selling per pet -- the transition for ibm is still multiquarter, maybe evening multiyear. what has certainly been -- one that has been very disappointing to those same widows and orphans. thank you. i'm sorry. it's even hard to say in a tease. maybe that's why some people are so terrible at it on deck. an epic list of some of the worth ceo apologies of all time.

it's been very hard for me. i'm wrong. i caused the problem. i don't know how to correct it. (man speaking jananese) e financial noise financial noise

financial noise financial noise

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i parent lit hottest thing on college campuses these days is scaring away graduation speakers. first it was former secretary of state condoleezza rice at rutgers and now it's imf chief christ ianella guard. she's withdrawn as commencement speaker at smith because of student and faculty protesters who say that the imf discriminates against poor nations and women in particular. smith's graduation ceremonies are set for this coming sunday. >> okay. brian, it seems like every day a ceo or politician is apologizing for something, but are public apologies sincere anymore? los angeles clippers owner donald sterling gives his mea culpa on cnn's "a c360" with anderson cooper and let's listen. >> and i'm apologizing and i'm asking for forgiveness? am i entitled to one mistake

after 35 years? i mean, i love my league. i love my partners. am i entitled to one mistake? it's a terrible mistake, and i'll never do it again. >> but while he was at it, he took another jab at magic johnson. >> if i said anything wrong, i'm sorry. he's a good person and he -- what am i going to say? has he done everything he can do to help minorities? i don't think so, but i'll say it. i'll say it, you know. he's great, but i -- i just don't think he is a good example for the children of los angeles. >> so are there just too many sorry excuses for apologies out there? so we did a little digging around here on cnbc for some of the business world's worst excuse apologies of all time, okay. let's start. remember when lululemon came

under fire for the sheerness of a pant and the owner made it worse by stating, frankly, some women's bodies don't actually work for the yoga pant. it's more about the rubbing through the thighs, how much pressure is there over a period of time, how much they use it, end quote, and then, brian, how is this one, how about when butter lovers had to sit through the painful web videos on paula deen for her atonement for racist comments. >> i want to apologize to everybody for the wrong that i've done. i want to learn and grow from this. >> but the award for the most selfish apology of all time goes to former bp ceo tony heywood during the gulf oil spill. >> first thing to say is we're sorry. we're sorry for the massive disruption it's caused to their lives, and, you know, there's no one who wants this thing over more than i do. i want my life back.

>> yikes. for more famous celebrity apologies head straight over to cnbc.com after our show, right, brian? >> i thought it was spectacular to go from the lululemon pants thing and paula deen and her 8,000 calorie butter scone. >> pure coincidence, no pairing whatsoever. >> and then the oil which somehow blends it together. great stuff. >> so when it comes to bad apologies, donald sterile is definitely in good company, but what should he have said to get this apology right? joining us now is bill mcgowan from clarity media group, author of "pitch perfect, how to say it right the first time every time." . i'm not good at apologies. >> they are tough. >> but donald sterling, did you listen to the narcissim. i don't know what to do. i made a mistake. me, me, me, me. that sounds like a tv anchor. >> that is the big mistake the majority of the apologies contain. he asked the rhetorical question a second ago? what should i say? my answer to be is nothing more

because what you're about to say is stepping on a huge land mine. the fact that he would take this opportunity in a very ad libby way to take a shot at magic johnson is just mind-boggling, completely beyond belief. >> really what, should he have said, bill? >> you know, if you are going to be persuasive and convincing in this kind of setting you have to go beyond just saying you're not a racist or i love my players. the only thing that really is convincing and really matters is to be able to talk about examples of how you've mentored people in your organization of color, or what you've done for other people, the types of people who you're accused of criticizing. you know, george steinbrenner was a very controversial sports owner in his day and he did, you know, a lot of things that were out of bounds, but there were dozens of examples of him putting people through college and being incredibly generous and kind-hearted. i don't know if donald sterling

has any examples that can counterbalance that. if he had he should have brought them up in this interview. >> the thing is, and the point i was trying to make earlier, basically he's looking for almost pity from people, right, like oh, i don't know what to do. i made -- you know, no one is going to pit they man, not only because of what he said, but he's a rich guy. he's had a lot of trouble throwing people -- poor people and minority people out of his apartment buildings over 20 or 30 years. at some point is there anything somebody like that will be able to say that anybody is going to care about? >> i kind of question why he did the interview at all. >> kind of what i was going for. >> i don't think it moved the needle for him whatsoever. he also basically indicated to the other owners that he's not going to fight them over the control of the team so, you know, he waited a tremendously long time to do the interview. if he was so outraged and disappointed in himself for saying these things, he should have acted a lot more swiftly.

>> bill, it's a real pleasure. thanks for coming on the program. >> hanks for having me. >> bill, a friend of our network and somebody who does work for us and have to put the standard disclaim disclaimer. >> thank you very much. we'll go for a quick break. stick around. >> wait, wait, wait. it says ad lib tees, you can say whatever you want. >> absolutely anything i want. we have snowstorms. we have free ice cream for everybody, and we're not going to have time for it. tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e*

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i told you the snowstorms. colorado rockies showed a picture of coors field covered in snow. the team is on the road and will come pack to temperatures in the 70s. >> the whole arctic blast thing. thanks for watching "street signs," everybody. "closing bell" is next. >> welcome-to-"closing bell," everybody. i'm kelly evans down here on a monday. stocks up almost 2% at this hour. >> big comeback day. when it's short covering or whatever it is. good to see for the bulls here. bill griffith. green arrows to start the week and gains for the dow. yes in all-time high territory for both the dow and the s&p 500. could join in that rarified