i think it will break 13 again. >> pete? >> i'll buy the pocket square. i love the banks, they have started a bit of a turn. i think citigroup is going higher. >> dr. jay, it takes a lot of guts to come out publicly. congratulations. >> retail summit coming up on power, that's next. halftime is over. "power lunch" and the second half of the trading day start right now. >> we we come you to "power lunch." stocks are recovering. we're off the highs of the day, but still very much in rally mode. right now the dow jones industrial average up 135 points the nasdaq is up 23. the s&p 500 is up about 11 1/3. thee 2.51%.

at the top of the list is tiffany's. at the bottom, though, pet smart, as we have a sale on retail experience. the former ceos of toys "r" us, sears canada, saks and bluming dale are all on "power lunch" to talk about it. my partner is at the investment company institute's big meeting of the year. what you got for me, ty? it's not $17 trillion. one out of two american households have money in mutual funds, about 60% of your 401(k) assets are probably in mutual funds with thousands of funds represented here today. we'll talk investment trends around the globe later on this

hour. meantime, a new round of recalls for general motors today. the stocks starting to feel the heat. it is up a few ticks today, but down 9% over the past three months. phil lebeau is across town today in the nation's capital. phil? >> tyler, let's talk about those recalls. new ones announced from general motors today. more than 200 thousands chevy aveo models, part of the latest recall from general motors now more than 13.8 million vehicles recalled. when you look at the industry as a whole, this year there have been more than 22 million have you beens recalled in the united states that is the most since 2004 for any one year. earlier today here it is brookings institute, we heard for the first time from the head of president obama's auto task force about whether or not the auto team for the president had any inkling at all there was a problem with gm's ignition switches when they were restructuring the company back

in 2009. here's what he had to say. >> no, absolutely not. look, we're not forensic accountants, we're not fbi investigators, we're private equity guys. we with only know what the management knows and what the management chooses to tell us. as far as i know none of the management people we were dealing with knew about it, so of course did we know about it nor could we have. here at the brookings institute we had a chance to catch up with sergio marshone. he said -- he says there is the potential if this continues for the industry as a whole it could hurt consumer demand. >> we're getting -- giving the business the wrong reputation. it's not as if we can't make cars. it's not that we woke up and -- >> sergio marchionne says the issue is they will think there

are recalls all over the rod and he believes that many of the are not safety related and shouldn't be announced as recalls. he think that has the potential to ultimately hurt consumer demand. sue, back to you. >> obviously there's headline risk there. thank you, phil. stock is down 9% over three years. what do the analysts thing? think? welcome back -- what is the headline risk in so many recalls, specifically from gm that we're talking about almost every day? >> it's very frustrating, you know, i wouldn't even venture to figure out when they're going to stop announcing the recalls. even a small recall will get big

media attention, but, you know, there is an increasing risk to the brand, and as sergio said perhaps to the industry. i don't think we're anywhere near there yet, but we don't want to see this news keep on going in the headline. >> what is the future for gm? how long do you think it will take the company ultimately to recover from being mired in this mess? we still have a lot more to go in terms of hearings, investigations, so this will be a long road for them. >> i think that we can continue on the theme i've had with general motors being a 2015 story. this year you're going to have the hits from restructuring in europe, in the introduction of new products and costs related to that, and of course the recall costs, which is now up to about $1.7 billion. once we clear the deck of that for 2015, then we benefit from the new vehicle introductions, i see sizable profit increases. >> do you have a price target on the stock? >> a $48 price target that's about ten times our next year's

earnings. >> thank you so much for joining us. >> my pleasure. >> i'm sure we'll see you again soon. >> all right. let's get more on the market. we are in rally mode. bob pisani joins me. >> discretionary, energy, financials, just having an across the board rally today. retail earnings fairly lackluster, but i have to highlight the one big winner. my eyes bulged out when i say tiffany's. the sales numbers were eye popping. worldwide sales up 11% s we were expecting 4%. australia and china were strong. look at 30% for japan, a lot of that was due to the new consumption tax. a lot of people tried to get in before that. we were expecting europe to be up 2 or 3%, down. that's the only disappointment in an otherwise outstanding

report. lowe's said basically the same thing as home depot. sales are improving. i'll show you why. the problem on the street is lowe's is falling behind home depot. look at the numbers. lowe's samestore sales. and this has been happening quarter after quarter. that's the problem right now. home depot just getting better sales than lowe's. finally "time" is not part of time warner anymore. it's finally happened. time inc. is trading on a when issued basis down here. this is the spin-off from "time." we're talking "time" magazine, "travel & leisure" "sports illustrated" "entertainment weekly" it would be trading on a regular basis. so one share of this stock for every eight shares of the old time warner, but "time" magazine

no longer part. >> time marching on. >> but at least you know what you're getting. >> you missed the whole time marches on? >> i'm there. >> i know you are. thanks, bob. the earnings are in focus today, as he mentioned. target out with the latest results. earnings dropping 16%. traffic at its stores felt for the sixth straight quarter, losses from the canada expansion kept going. target cut its forecast for the year, and the struggling retail giant now says it also is unable to estimate future costs related to the data breach. let's look at the shares of target in today's trading session, the stock is down 10% this year. it is down a bit less than a tenth of a percent at 56.56. so a big week for lee tail earnings. s&p 500 sector this year, it's up a bit today. not all stocks are the same, though.

dom? >> sue, as you talk about this idea of a stock picker's market, we do know that even no the sector is the worst one in 2014 and the s&p 500, there are a lot of winners and there are a lot of losers, so we want to do highlight just a few to illustrate our point here. first of all, among the three worst performing specific industry groups within the s&p 500 are retail oar yenned. check tout what's happening with internet catalog and retail. that's like amazon.com, special retail, textiles and apparel, they're all down much more than the overall market so far this year. as you look at where some of the big losers are, you go towards urban outfitters. by the way, that's a record high for tiffany stoic. meanwhile, they're down toward a 52-week low, so again a very bad move in terms of the overall move in urban outfitters. then petsmart, it's down 19% so

far this year. amazoncom, a quarter of the value shaved off, and coach down about 26% as well. if you look at some of the big winners, they're not necessarily thematic. there's some interesting ones developing. nordstrom is up about 10%. i want to call your attention to the other side. michael kors, coach is down bill, but michael kors is up 15%. autozone and o'reilly auto parts, these are the places you go to buy the air filters, motor oil, they're up between 11% and 14% just so far this year. when it comes to retail and consumer discretionary, sue, the idea is this is very much a -- really the definition of a stock picker's market. back over to you. >> excellent, dom. thank you so much. retail's remodeling invest for success is on aural agenda.

clearly a lot is happening. courtney reagan has four former ceos. and mark cohen of sears canada. it's an all-start panel. >> that's right. it's really special. says he theys that retail is clear, but the consumer is not. do you believe that? you look at the numbers, and you see the health there you had a -- you had a discretionary income.

what's your overview. >> you've seen it already. >> what do you think about weather? >> we've been hearing it a lot about an excuse. >> i think the weather was really that bad since the period of january. i think we'll see, but i agree with if u to look at the

apparel -- if you talk about urban outfill irs one that's really speaks to. >> mark, you know, sear canada, of course had some success. billing, big stumble. is it worth it. >> they're made a -- i think the challenge they and how to rethemselves. you talk about it a lot.

>> haves and have-nots, i think it's the omniplayers -- i think mike gould's own company is one of the best in terms of having embraced and done a good job. >> but there's no question in my mind the consumer and those that are investing to have the capabilities, and move the inventory around, do the analytics to understand the consumer behavior, they're the ones that are winning. >> i'd like to go back to mark, but any of you gentlemen can certainly address this. on the issue of target, how long is it going to take that company, mark, to get its footing again?

>> i think it's going to take a very long time. that means it could take years. >> gravitate to likely. they breached an element of just to cover off the logistics cost. and of course they suffer from -- which frankly is the kiss of death in a business channel like theirs. >> michael, go ahead. >> the issues go beyond canada. >> exactly. >> targets needs to go faster, faster on the internet. faster on fixes the core execution, and there's huge merchandising opportunity. so when i talk to people, the question is what happened? and it's almost a visceral reaction, like it's not possible

that such a great company could have come to this? the reality is scrape off the tarnish. they're a great brand. it's going to be one of the most straightforward ones to fix and it's going to take energy and time. >> there are a number of retailers looking for a new ceo. it seems like we're sort of missing out on this pool of really strong retail executives. where are they? what do they think are the good guys out there? or gals. >> i think there are good people out there. >> the leadership tends to be the single-most important thing. and to have a strategic plan, and what's a succession plan. so someone asked me, well, no one is going to leave.

the team is there. i think it's ingrained about leadership, it's ingrained about education, about this is our model, this is our dna. there are people out there. the challenge in retail today in my mind is where is the risk taking? these young students that present these incredible design, you look at the creativity each year as you go and support the fashion industry in new york city, you go, where do you go? go to those -- the problem in the big -- i think it's an opportunity, retail offers job creation, first of all it's one and four jobs, but the kinds of jobs that are available, there's a perception it's the salesclerk. you have engineering, you have technology f. analytics, so many

different kinds of opportunities, and part of the opportunity for the industry is to attract that top talent and then do what you did. you had one of the best training programs in the industry. you talk about leadership and retail, teaching it at columbia. that's what you need more of. i think you have a whole industry that needs to develop that talent. >> what is the culture, that unless you're a private -- risk is not on the forefront. >> if i could follow up. >> it's like a high-tech business. it's numbers -- it's a whole different caliber. >> is one of the reasons why

ceos are not willing to go out further on the risk curve because they feel beholding to wall street, to their shareholders? >> you can say certainly about retail, you can say that about a lot of industries, you're a prisoner of the quarterly report. the fact of the matter is risk taking is a heck of a thing to say, but the buyer walks into the manufacturer's showroom and the first question out of their mouth is, what's the deal? how will you protect me on the back end? how do i return the merchandise? versus saying how am i going to differentiate my -- if you walk into bloomingdale's today and there's not more than 3%, 5% of the merchandise that's different -- that you can't buy in ten city blocks, okay? but the fact of the matter is, how do you make that difference, though, steve? and we're talking about there are other people in the country, yes, the real inventory at all levels of an organization, but i really do believe, how do we encourage people to take prudent risk taking, and i think that's

the difference, because the stores, you know, when people talk about internet, i laugh sometimes, because 95% of retail is done in brick and mortar. the online business is 5%, 6%, so the stores are going to be exciting, the stores that create an environment, and shopping areas have been in existence since the time of the greeks. they come to a place where they want a social interaction. i really believe that. >> to wrap it up, some quick picks, you goo is have to be honest, who do you think is doing great or not? >> it may not be popular, but the fact is amazon continues to build enormous share. the question is whether they will at some point decide to reward shareholders with profitability, but at the moment, i think they continue to be the giant killer. >> how about you, michael? >> they asked me, i just left bloomingdale's after 23 years, if i don't say mayy's, someone would say what's wrong? >> think senator strom's ,

before other people they have come out and said pretax will be less on a% basis, and i think that on the long-term basis, i think that they on their total business, i like very much. and you have to add tjx and also dollar general. >> steve? >> i think, i think mike's -- is the -- and you can't ignore tjx. >> what a rare opportunity. thank you guys all so much for joining us. >> sue, back on over to you.

>> thank you, gentlemen. be sure to stay tuned into "street signs", with an exclusive interview with john mill gan, as you know, the company lowered guidance today. you don't want to miss that interview. let's go to dom for a market flash. >> let's continue that tjx theme. the owner of tjmaxx and marshall's, the stock is rebounding as mkm partners and ubs both said the selling was overdone. currently trading, up about 3.5%, now back to tyler. in washington, d.c., back over to you, tyler. >> this is the big meeting of the year for the mutual fund industry in washington. these are the men and women who

control $17 trillion of your money in mutual funds and the etfs. we'll ask a couple of the top investment pros what they see and say about this market when "power lunch" comes right back. we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs.

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you've got goldman sachs, the investment bank, also nike, united technologies and verizon, a good day overall for the blue chip stocks, again rebounding. now back off to washington, d.c. and tyler mathisen. >> dominic, thank you very much. stocks rebounding, but you know, many investors are concerned about the global market outlook. what's the best strategy now? joining me to talk about that. they call it the gmm in this city of acronyms. and martin gilbert, ceo of aberdeen asset management. good to have you here. we're going to have some very, very impressive accents in this segment. martin, i know a lot of american investors might not be familiar with your company, aberdeen, the largest independent fund manager in europe. you're a big expoundant of going

global and going into emerging markets. that's been a tough play to be over the past year. why do you say so? implts you're right. it's been a tough place. we've seen a lot of yow flows, but it's a microcall, on the back of currency and the economic growth, whereas what we have seen at the company levels, they've been fine, in fact doing better, so now we've seen a rebound and a bit of money coming back in, but it was brutal, november, december, january, february. >> my sense is for most american investors, the way to play the emerges markets is through a diversified fund, where you leave the stock picking and the country concentration to an investment pro, right? >> definitely. >> that's kind of a softball to you. you're a fund guy, what are you going to say? >> no, but definitely not. you're absolutely right, especially in emerging markets, because the first question you asked is, do i trust this company to look after my investment as a minority

shareholder? that is the fundamental question in emerging markets, and the most difficult part of investing. >> colin, waltz me through the american market right now and how you deis stagging up. i'm talking specifically about the equity markets here. it's been a very interesting first quarter and change of 2014. >> that's a nice way of phrasing it. >> very interesting. record highs, but big drops as well. >> so we divide the market into quinn tiles, those quintiles, the ones with the longest possible growth profile, so outperformed everything else that it's really stretched anything that we have measured before. so it's interesting, the market is at a high, and then people talk about whether the stock picking market. with that dispersion, you actually do get that

opportunity. it wasn't that every stock roses to make the market -- take the market to its highs. it has been the tales in terms of either extreme growth or highest yield. that in turn has been driven, we think, by fed policy. that's essentially what you would do. one side or in the absence of economic growth -- >> your best guess or guesstimate, educated as it will be, if i had incremental money to put into the u.s. stocks right now, do i want big cap, smaller cap, growth? value? where? >> i do think that that you're probably in favor in large than small, even though small has struggled a bit more. the gap in valuation has become too big. if you believe in a sin ronnized global recovery, as you well know, the percentage of earnings that comes from non-u.s. sources is very high. so i think for valuation reasons

and diversifying your growth to global, you would want to be more in large cap i mean, i don't mean to take you in -- >> i do in u.s. equities, but i certainly prefer emerging market equities at the moment. of course, i would, but -- but i think the value is definitely in emerging market equities. they've had such a torrid time in the last 15 months. >> yeah, and we don't disagree. you asked me to pick, i would pick emerging markets first. >> is that right? >> your comment about a diversified fund, the reason is you don't want every country. we're using emerging markets as a generic term, and the differentiation is becoming -- >> as i said, you want somebody not only to pick the stocks, but the countries. can i get you to comment -- i believe you have been a large holder of astrazeneca, correct? >> correct. >> what do you think is going to

happen there, and why did you oppose it? >> we opposed it the first or the second bid, i think we're on the third bid. i think what we have said is at that sort of price that they're paying now, if it was cash, it would be all over. it's the fact that it's pay per cash no uk listing, which is a big thing for us. it makes all the uk institutions for sellers of the stock. i think we may see some discussions. there is a lot of pressure on the astrazeneca board to sit around the table and see if they can hammer out a deal. >> thank you very much. good to have you with us. >> thank you. all right. from the ici, we'll have much more in a bit. meantime, sue, back to you. >> thank, ty. great conversation. cisco systems is having a pretty good year. cisco is up almost 1.5% today. but now there are a dire warnings from cisco systems' ceo john chambers about the sector.

what investors need to know, coming up. plus -- >> coming up, a power by which, drying on sunshine, a start-up running on solar energy for trucks and buses. >> i've been curious about the distribution model. >> are you in or are you out? >> stay tuned to find out. in 1953. kora afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers

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copper is the biggest loser today, hitting a two-week low on the trading session. all right, power pitch time. can 60 seconds make or break this founder's new business? >> of hour, the sun produces enough energy to power the entire world for one year. most of that energy goes untapped, but we have found a way to capture that energy for the transportation industry for commercial trucks and buses like solar city on wheels. my name is jeff plat. i'm the founder and ceo of e-now, a clean tech company specializing in solar power applications for commercial trucks and buses. our systems generate power, store power and distribute power out to air conditioning, lift gate, refrigeration and other electronics systems. the initial feedback in the marketplace has been strong, and customers have seen paybacks of

12 months or less without any government incentives or credits. we have had vehicles operating throughout the united states for the last three years. we have a strong pipeline with many major customers. we are currently creating sales and with over 10 million commercial vehicles operating in the united states, the opportunity for e-now is large at $60 billion. welcome to "power pitch" with you now is jeff plat. we also have on our panel today from d.c. sonnal shah, she's also the executive director at george town university. also joining us from seattle is angel investor nat burgiss. he was recently involved in a deal involving win ko and hitachi, so great to have you all with is.

we're going to -- >> how many vehicles do you have right now? and do you pitch directly to companies or owners of the vehicles? how does it work? >> we currently have over 200 systems in the field in the united states. we pitch both to the oems, so the class a truck manufacturers, as well as the large fleets. >> what about you, nat? >> do you consider yourself a distributor? integrator? or proprietary technology? >> we're a bit of both. we're ago integrator, but we have our own intellectual property, where we design the solar panel specifically for transportation, as well as the electronics that manage the power being generated and how it's distributed out to the different pieces of equipment. >> what happens when the sun isn't shining. it produces energy not at the levels that it normally would, but even in the rain it will still generate electricity. >> once it's powered up, how long will it last for? >> because our systems are redundant, we charge from both

of solar as well as the alternator, so the truck gets the benefit of both energy sources at the same time. normally a class a truck will operate between 10 and 12 hours a day. >> how do you store the energy? >> it's getting stored in an auxiliary battery pack. it's located on the vehicle that provides that energy. >> have you looked at what they're doing in real estate, where the distributor is effectively the finance company? as you go after fleet sales, have you looked at a financial model that helps them absorb that extra cost? >> there's been an issue of acceptability and adaptive. we'll put the system on a vehicle at no cost, and then share the savings with the customer. >> you mentioned you're growing your sales. give us an idea of what the monthly sales revenue is and what is the percentage growth you're seeing month over month. from a standpoint give it to you with regard to annual, we'll end up with a little over $3 million in sales, that could grow

substantially based off of the projects we're working on with some very large oems. >> guys, you heard what jeff had to say, are you in or out? sonnal, what about you? >> i think what jeff is doing is a great idea. i think it's where the market is going. i'm in. >> what about you? >> the bigger the opportunity, the more challenging is. i have to be blunt. i think the pitch could be stronger, and i'm happy to discuss that with you, but at this stage i'm out. >> obviously it's good for the environment and good for the transportation industry, i think i'm in. so we've got two ins, one out. what's your reaction, jeff? >> i appreciate that. nat, i would like to talk with you, because it is all about the pitch. the better we can do to get this technology out in the industry and in the marketplace, we'll have higher benefits. >> thanks so much, and also to our panelists today. but before we go, former power pitcher elias roamer announced a

first by using data from the weather channel, it can deliver playlists according to not just your mood, but also your local weather conditions. that's today's power pitch. so are you in or out on e-now? tweet us using the #powerpitch, and visit powerpitch.cnbc.com. do gnome nick for a market flash. >> check out what's happening, sears holding near session lows. if sears canada unit is posting the deeps fall in sales in five years. last week the company said it was looking to sell it's stake. that down towards session lows. >> dom, thank you. to the bond market. rick santelli is at the cme. >> we're up several basis points. look at yesterday, exactly the same, at least on the treasury side. the one difference, stocks are

holding a bit, so you might not go back down to that 250 level. fresh lows, going back to the 12th of february. let's look at the dollar/yen, open the chart up, we're hovering in the zone, because it really was yesterday that we've traded this week again since february 3rd. sue, tyler, back to you. >> thank you very much, rick. two big stories we are watching. netflix sun veiling a bold expansion plan and cisco's scary warning. we'll be back in a moment. requires precision and anattention to detail.g it takes knowledge, hard work and a plan. at baird, we approach your wealth management strategy that same way. as an employee owned firm we have the freedom and resources to create customized financial plans built to last, from generation to generation.

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welcome back to "power lunch." rebounding from the loss loss yesterday, up about a half percent, currently the index is up about 0.6. leading the way here i illumina, akamai, baidu, and tripadviser. a nice day. sue, back over to you. ebay is asking its 145 million users to change their passwords. that follows an attack that compromised some data, but ebay says financial information was not stolen nor any information

netflix expanding in six european countries, including france, germany, austria belgium and luxembourg. cisco's ceo warning about, quote, brutal times ahead for tech. he says we're going to get consolidatation, where out of the top five flair, only two or three will be meaningful in the next five years. where do you put your money in a volatile market? i'll bet ty knows. hi, ty. >> well, a lot of the industry insiders have gone inside where right now at the investment company institute, they're listening to tony blair. when we come back, we'll talk about retirement investing and new wrinkles on etfs. that and more when we return here to washington. right after this. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow.

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all higher, when they were called on to disclose all fees to make it easier for travelers to understand the true cost of a ticket and compare prices. now back over to tie i tyler in our nation's capital. >> dominic, thank you very much. gentlemen, welcome to both of you. >> thank you. >> is there a retirement crisis in this country? i hear numbers not necessarily generated by your firm, but others that show the average amount of americans have, say, for retirement is distressingly small. >> i don't like to refer to this as a retirement crisis. i think there's certainly issues and urgency around the need for people to save and invest wisely for retirement, but the averages can be very misleading. >> why? >> because you have a lot of

younger investors than the averaging who haven't had time to accumulate. you have a lot of people who have underaccumulated, but the retirement system is working in this country for millions. i think the key challenge we face is to broaden that reach. >> one of big changes in retirement has been that a couple years ago the rules changed where employers were able to move people into 401(k)s unless they want i don't want to be in one. >> i think you're hitting on exactly the key pivot point. for the last seven or eight years we've had the move toward the autoenrollment escalation, people getting in the plan unless they opt out, increasingly higher levels of savings rate unless they opt out and going into targeted funds or other managemented solutions giving them the right type of investment profile, again unless they opt out. >> >> steven, you guys have

proposed a sort of novel twist on an exchange-traded fund, an exchange-traded managed fund, which to me sounds a bit like an oxymoron. how would they in theory work? i think they were meant to be assets. >> what we hear from investors, in terms of what they are most interested in is better performance and improved tax efficiency. we are working to develop a new fund concept called an exchange-traded management fund or etmf. >> how would they work? >> an etmf would list and trade, we partner with nasdaq to bring them to markets, and they would trade at a price linked to the day's close net asset value. so it would price very well like a mutual fund, not intended to be a trading vehicle, because it prices once a day, but for an investor electing an active strategy, we view it to be the

best performing. >> what's the advantage, if it's pricing once a day, right? at the end of the day? what's the advantage to being ability to trade it during the day? >> the advantage of trading on the exchange allows the fund to plug into a highly efficient system to have lower operating costs and improved efficiencies to accommodate liquidity. >> back to you on target date funds. these in theory are kind of one-stop solution, aren't they? like balanced funds. they change over time, as you draw closer to your investment or retirement goal, right? >> yeah, i think the key concept is balanced and diversified, and that based on your age and the target date of retirement that you choose, you're going to take less risk throughout that. >> how does that work out? >> modern theory will they are going to work out. the thing about modern portfolio

theory, what advisers are constructing for their clients all the time is a well dividers filled and rebalanced portfolio, risk appropriate for the individual. in the target date world, basically we're taking the things we know about a person, and putting them -- >> and these funds basically stack the probabilities in your favor. >> much more in terms of where your positive outcomes will be. >> great to see you. thank you very much and good luck with the new funds if they get approved. >> thank you very much. >> sue, back to you. >> ty, you messagesed etfs, we're going to look at some winners, coming up next. for what reality teaches you firsthand. in the face of danger, and under the most demanding circumstances. experience builds character. experience builds confidence. and experience... has built this. the 2014 glk. the engineering and the experience of mercedes-benz. see your authorized dealer for exceptional offers through mercedes-benz

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is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. welcome back to "power lunch." we have a developing story on the nfl. the process of selling the nfl's buffalo bills franchise is official li under way. now, the team has hired morgan stanley to serve as its financial adviser on that transaction, and potential buyers will be contacted within the next 30 days. founder and longtime owner ralph wilson passed away earlier this year. >> i knew ralph for many, many years, a terrific gentleman and very much missed. thanks, dom. right now we have a triple-digit advance in the dow jones industrial average of about 144 points, the nasdaq is

strong, the s&p is strong. so we have some pretty decent percentage gains. three etf winners right now, the s&p consumer discretionary is up by almost a full percent today, vanguard consumer etf is up almost a percent, and two thirds percent advance for the financial spdr. that will do it for us on "power lunch." ty, back up to our neck of the woods? >> i certainly am. that will do it for us here at the investment company institute might in washington. i'll be back in the studio tomorrow. in the meantime, let's see what's coming up on "street signs." a huge show today, tyler, as we are the fed show here on krmt nbc. literally we had the fed minutes, and the interim ceo of target will join us, and a big deal a la curtis stone, from my

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signs", where we are just minutes away from the release of the fed minutes. this is one of the best ways to try to decipher when the fed might start to raise rates, and an exclusive interview with the interim ceo, and one of the most famous chef from down under, mate, stops by to talk about his expansion plans. steve? >> at that joint meeting, which we knew about, slightly overlapping, they discussed the rate hike process, which is what the market surmised at the time. what does that mean? first of all, what the fed is saying is that rate hike discussion does not mean there's going to be any action on raising rates anytime soon. what they discussed was the right mix of tools to control rates once they get there. those tools include reverse repos, interest on reserves, i could explain all these things, you don't have the interest or the time right now. participants agreed that a mix of tools isel