tv Power Lunch CNBC May 27, 2014 1:00pm-2:01pm EDT
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keeping tabs there. >> don't get too cocky. that's me. >> i'm totally cocky. final trades quickly, josh. >> a matt look for the breakout. >> sprint. >> american express long. have a great rest of the day. "power lunch" starts now. halftime is over. "power lunch" and the second half of the trading day start right now. >> well, it is summer unofficially, and stocks have kicked off the first trading day of summer, with a bang. the s&p 500 hitting an all-time high, dow transports, new high, s&p material sector, new all-time high. the s&p technology sector trading at levels not seen since way back in year 200. remember that? well, the dow right now as you see up 56 points, a third of a%. just points away from its own all-time high. the nasdaq making a run again, up 0.8 at 4221. and high on our radar today,
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dividend-paying stocks, you know, as the market keeps rising, is this a good place to go? they have been hot, nothing more so than utilities. and the situation in ukraine taking a very new and deadly turn. ukrainian troops fighting it out with russian separatists, dozens reportedly killed, the locus of the action an airport in do nesk. there's a lot to tell you about. let's check in on this record-setting day so far. hi, sue. we have very good story lines and a lot on our plate happening right now at the nasdaq and on the floor here. seema mody is uptown in times square. first, though, as you can see, bob is standing right next to millennium. we're starting this trading week off with a bet of a bang. >> i did a story last week saying that the traders have been complaining about getting
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chopped up, they haven't made any money this year. since that, look at the s&p 500. we put together four up days in a row. we haven't had four up days since going back to april. so sell in may, go away, look at the last few mays. last year we had a good year in may, 2013 up 2%, 2014, now up 1.3% in the s&p 500. so sell in may and go away is not exactly working very well in the last couple years. what's moving the markets today? banks on the up side. look at bank of america almost up 4%, they resubmitted the capital plan form the other banks are being dragged along with them. and then here's an oddball. how many financials and utilities lead the market. then financial and utilities, but look at the up move there, not a lot out there. there was some discussion in the "wall street journal" about president obama resubmitting new climate rules that night effect
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them, but i think this fizz well with tyler's point at the top of the hour, dividend-paying stocks continuing to do well. >> a lot of you -- a lot of traders i know, after what happened the last few weeks, are very much flat in the market. they've flattened out. they're long, slightly net short. when the market starts moving up, it drags people in. let's go uptown that seema mody. tell me about the big movers there. the so-called momentum stocks, the source of strength not nasdaq -- internet, biotech, social media, three sectors that
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have weighed on the nasdaq, now pushing the index higher. that's encouraging for investors, plus a lot of these stocks have sold off. so valuation not as bill a concern as it was,. lastly, uskt to take a look at the move in apple. analysts becoming more bullish for growth investors. for value investors, it's becoming an attractive income play. apple shares now above $620 a share, up better than 1% on the day, sue. >> seema, we'll see you again in just a bit. two-year note up for auction. it's an auction week.
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rick, how did we do? >> this one gets a c-plus, charlie-plus. thee was 0.392 the high today was 0.39. right at the end of the auction process was 39 basis points. so we tailed a bit. the bid to cover at 352 was pretty strong versus a ten auction average, but we had light indirects, and considering the tailing, it garners the c-plus. tomorrow 35 bill chron fives, that ought to be more substantive auction. sue, back to you. >> thank so much, rick. we'll see you again for a bond market update post auction. back up to ec, bertha? >> we're watching a couple med indicate insurers, let's start with well care, rising on spec lake it had be a takeover targets.
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the ceo of ascension health said last week that his company was in talking to acquire an 18-stayed insurer. that's wellcare's footprint. it's traiting at a -- centene operates in 20 125i9s, head quartered in st. louis. a partner thinks they can't also be one of the medicaid players that's in play. today, sue, it's at an all-time high. in addition, hue man that and aetna, strong day for insurers, tyler. >> bertha, thank you very much. durable goods, pmi, consumer confidence, dallas fed survey, that's all we could fit on the screen. this is a nerd-fest right here. look at the data, a day of data. steve liesman is going to untangle it for us. >> you know, put it all together, most of the data beating or missing expectations, and a lousy start to the first quarter and the higher is levels
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of economic activity. so far some of the data, durables beating expectations. s&p case shiller, beating expectations, consumer confidence in line 83, and the dallas enrichment fed also doing we had well. says business spending is through the roof. over there at rdq, john riding says the leading care of orders is just further gains in manufacturing ahead. finally goldman section says continues to mod rate over the court of 2014. and finally confidence enjoyed a post-winter balance from diminishing weather disruptions and home price gains. let's give you the cnbc rapid update. it's the durable good numbers that factor in. now running mine fwrus 0.53, where a range of positive 0.1 to
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minus 0.8. there's your big bounce back. 3.6% with a high. that's joe la vornia ticking to it. so tyler, the data doing its part to underpin what's happening in stocks today. big question -- thursday we get the g telephone p number. it's spobed to be negative. question always is, how does the market react when it sees what it's expecting, especially when it's a negative gdp. i think the bounce back is built in. bounce back 3.6%, 3.5, that's the number there. the stock market seems to be anticipating that. the number that leap out to me was business spending. >> yeah. >> because that is the steroid in the -- >> you had a bit come on the in april, but still maintaining the market. i think the market is trading through that 3.6%. i think it's seen as a bounce back.
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i think it's trading into the third quarter. and that would be a disappointment if with show ed wall streetness. steve, thank you. >> tyler, let's tack more markets, the s&p hitting a new record high despite the volatility in this month. the momentum names are rebounding as well. is this a good sign for stocks as we go into a new month? jean perani, and hugh johnson is chief investment officer as hue johnson advisers. great team to have with us today. gene, i'm going to start with you. you say this is the rodney dangerfield of markets, even though we keep hitting new highs, everybody is still skeptical. >> it's unbelievable. this market has been making new highs for years, yet commands no respect really. just two weeks ago we were hearing the market is dangerous and frightening. here it is making another high, but not just that it's making a new high, sue.
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the technical qualities of this market advance i think indicate a very sustainable move to much higher levels. >> so, hugh, do you agree with that? i know you were somewhat worried about some of the signs that you were seeing in this market and carbly optimistic. >> if you look at the trend in the stock market whether it's the s&p or the dow, that's very -- you know, you can reconcile that with all the good numbers we're getting that were mentioned by steve and tyler. we're getting good numbers, a good performance from the stock market, but you look more carefully at the market, and that's where my worries start to surface. that's worry about sector performance. i see some of the defensive sectors at the top of the board, telecommunications, consumer staples, when i see large companies outperform small companies. when i see the performance of the bond market, not just interest rates declining, technical stuff like the yield curve, i see also quality spreads starting to open up.
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that makes me nervous. and says, yeah, i'll stay with stocks, but put defense in your port quol. >> you like -- where would you put cash right now? what sectors do you like, and what kind of allocation do you have to equities? >> well, in our -- we're almost fully invested. we have about 7% in cash, which for us is certainly at the low end of our range, but we would continue to look at the core areas, technology, health care, energy, manufacturing, and materials. you know, to hugh's point, really it's true that the russell value is performing better year to date than the russell growth, but you look at the dow. the dow is lagging the broader market indices, so this is not a big-cap advance. it's also a small-cap and medium cap advance, so this -- this population of participation is very good, and it's a macro
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movement. the momentum areas like technology, biotechnology, they're snapping back very convincingly here, too. >> gentlemen, good to see you, thank you. up to you. >> sue, thank you very much. just after voters in ukraine elect a pro-biggs, pro-european billionaire, new violence, ukrainian troops with support from attack helicopters pushing russian separatists away from the international airport, in the eastern part of ukraine, a fear fire fight took place. some russian rebel sources say at least 30 of their men were killed in that fighting. russian separatists also being accused of setting fire to the city's main ice hockey stadium. our steve sedgwick is live in kiev with more. steve in. >> tyler, thanks very much.
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the the new president-elect telling me he won't let the separatists turned into a naturalia type of situation. he has real legitimacy, he got 54% of the vote in a field of 21 candidates. that is quite extraordinary. he averted the need for a runoff in the middle of june, which we didn't need another three weeks of instable in this country, of course. the question now is where do we go next. there are all kinds of road blocks, one of the biggest is relations with the kremlin. putin said last week they will work with the new president. what does the west thing of the relations? i spoke to jeff piatt, the u.s. ambassador to ukraine. >> first of all there are -- this violence in donetsk, terrible violence seems to be fueled in part by people coming across the russian border. so we believe that pressure
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needs to be maintained. and as far as what happens, we'll have to way to see what washington concludes, but also what we can do with brussels. >> reporter: a lot of people talking about the next round the sanctions this would be the thirty round, it could be started at specific industries. if the russians don't pull back that are at this time. of course russia denies they're acting in this part of the country. also the battle for gas, and they are arguing about not an insignificant amount of money, $5 billion. to not to turn the taps on the gas. they're saying absolutely ridiculous, we want to negotiate. conflict over gas as well, and indeed the russians and the ukrainians need to get around the table soon to lessen the
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tension. otherwise we could see more sanctions the tyler, back to you. >> steve sedgwick, thank you very much. ukraine eselects a chocolate billionaire, but do billionaires necessarily make good leaders? they can hand out the chocolate, or at least this guy can. >> billionaires are good at creating wealth, but record at democratic leaders, not so hot. we start to see a pattern, tyler. they tend to be autocratic, financial interests deeply intertwined with government, and they tend to leave in scandal. thaksin shinawatra, he now lives in exile. he helped the rural poor, did some things to improve infrastructure, his sister is prime minister after he was accused the secretly running the government. berlusconi now doing community
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service for tax fraud, and he says this is all lies from his political opponents, but we also have shall laid mir putin. he of course says he's not rich, but opposition politicians says he's worth billions. . the question now is whether -- >> thank you very much. guys, this is pretty nice work, if you can go ahead it. the median ceo pay crossing the $10 million mark. will it cause some outrage? we also want your take on this. go vote on financial.yahoo.com. we'll have the full story and results in about two minutes. as we told you, the s&p 500 hitting new highs, so a look at the sector winners, financials and utilities, which usually do not go in the same direction are
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pinnacle is a good one. they own bird's eye frozen foods. you can see them trading above that bid, sue. dom, thank you so much. well, the smartphone wars are heating up again. lg just moments ago unveiling the new flagship phone. josh lipton is live at the big event in san francisco. hey, josh. >> reporter: hey, sue, let me introduce you to lg's newest flagship smartphone, this is the g3. a 5.5-inch display, with quad hd, so four times the resolution of standard hd, an updated camera with laser autofocus, also android operating system, qualcomm's latest processor, 3 gigs of ram, 32 gigs of memory. it also has a snap-on case, you can see it's a circular window. the point of that is functionial. i can assist all the basic
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financials without having to open up the phone. lg not giving us a price just yet, but it will be coming to the u.s. later this summer, available on all the major carriers, as well as best buy. if you look at lg's share of a gloobl smartphone market, around 4%. north america around 10%, laden american around 10%, but maybe with the g3, they can make some headway there. it looks like it's never been better for ceos. for the first time ever, the meanian pay of ceos top the $10 million. that's the median. that's the finance question of the day. 14% say if the stock is going up, so should the pay. 30% say if the revenue is going up, so should the pay. 55% says ceo pay needs to be capped. mary thompson has the staggering
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stats. first time above $10 million. is that ten figures? eight. >> eight figures. >> you get that high, who cares? >> as the stock market goes, so does the pay. request over half of ceo pay tied to stock performance it should come as no surprise that the median pay rose 8.8% last year to a record 10.5 million. that's up from $9.6 million in median pay. it marked the fourth straight annual increase in ceo pay. it also put their pay at 257 times the average weekly worker ace pay, expanding significantly, in 2009, it stood at 181 times the average weekly worker's pay. the study looked at the pave of ceos on the pay for more than -- that filed their proxies by april 30th. the ceo of the oil and gas neighborhood industries, anthony
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patrello, followed by cvs atever owes 65 million. richard acer son was number three, and tripadviser steven kaufer earned $39 million mostly because of a big option grand. shareholders do continue to support these pay levels. only 2.5% of is the firm's in the russell 3,000 saw shareholders reject the executive pay plans. >> two quick questions. first what happened to larry ellison? >> it's a matter of when they filed the proxy. >> so we shouldn't feel back for him. >> he's a perennial on the top list. don't worry about him. >> he's going to do all right. let's talk about general electric. jeffrey immelt getting grilled, filleted or whatever it is. >> flambed. >> he had a prepared statement,
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speaking about the alston deal, the bid that ge has made, saying it's a good deal for france, good deal for ge, answered two questions that i heard before i came down here, one was on job security, air they are looking to hire possibly new engineers, also a question about energy security. he basically pointed out how it would be a diverse energy provider, a lot of it export oriented. knoll ned in france, but the export power it would bring. ge open to working with france's concerns about nuclear security through the deal. >> so the questioning continues. >> le grilling. >> and he was -- >> is siemens coming in? >> they did speak before. this was before the economic committee. they had their chance earlier. sue, down to you. >> thanks, guys. to the health of the housing sector.
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home surprises still climbing. diana olick joins us with some of the details. >> reporter: hi, sue, as investors move out and mortgage-dependent buyers move in, the price gains are easing, but still above historical norms. home prices in the nation's top ten and top 20, up 12.6 and 12.4% respectfully. q2 came in all that according to the s&p case shiller report. taking it local, some of the markets see substantial slowdowns are the leading boom to bust markets. l.a., phoenix, las vegas, tampa, of course san francisco is still up almost 21% from aier. new york was the only city to decline month to month. on the flip side, denver and dallas hit new post-crisis highs. also boston, charlotte, portland and san francisco. these price gains are being driven by largely a lack of
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supply. we did see gains in april listings, but we are not seeing big jumps in new construction, because the builder claim demand is not there. robert shiller said this morning on "squawk on the street", homeowners seem to be losing interest. sue? >> that is never a good thing for that industry. thank you, diana, very much. investors generally speak love dividends. the s&p utility is the best-performing sector this year. we'll tell you which utility stocks have the best dividend growth coming up. remember the jetson? their home was full of all spinds of space-age automated conveniences. apple is planning a big play in that area. could this be another game changer? all of that, straight ahead. here at optionsxpress our clients really seem to
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we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. welcome back. the i-shares analysis deck biotech is sup session highs. big names like biogen, also alexian, regen ron, celgene, all these big names. investors once against looking at these ultimate momentum plays, but for today, tyler, they are to the up side. >> pfizer giving up on its plan
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to buy astrazeneca. astrazeneca had said the most recent offer was still undervalues the company. intercontinental hotels reportedly rejecting a takeover from an unnamed u.s. bidder. shares of the world's largest hotel company up nearly 3% at 38.71. sony setting up two joint ventures to manufacture and sell its playstation console over in china. now, get this -- video game consoles have been banned in china from 2000 until this past january. sue? >> talk about pent-up demand, ty. at post 9, let's get some trading action from bob pisani, up 58 points, holding steady as she goes. transports doing well. >> the point is sell in may/go away not exactly working for everybody. we've had four up days for the s&p. haven't done that since going
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back to april. dominic was mentioning the internet biotech nails. biotech, the main reasons we have seen the market stabilize is because biotech and internet names, the etf there, have stabilized. you can see for the year, it was moving down all throughout march, april and may. it's made a nice comeback in the last several days. i'll show you an etf, that is the uig, two times the daily performance in the dow jones industrial average financial index. you get the momentum guys come in, buying aggressively, so volume is very heavy. remember, this is two times the financial index, so it's up 1%, you make two%, on a day le basis, tough to hold this for more than a single day. the also morgan stanley sitting
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nice, all moves people along with it. most of the active traders that i have been speaking with, sue, having flattening out their hard to make money when you're many ten point, do you ten points over a several-day period. you can't do it, so a lot have flattened their position out. when you move to new highs, suddenly four days on the up side, i did it, i was wrong again. >> and then they scramble to get in. you think they know better, that they're the smart money, but a lot of guys are just trend following. you don't make money for a month and a half, you say i'm not risking it anymore, and now the market moves against you. >> it's been a difficult year so far for those extremely successful last year. thanks, bob. appreciate it. let's take a look at the metals market.
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we're starting to close on the trading day. the gold market is basically on the down side, down better than 2% right now on the close, or $25 on the trading session. we also have more than a 1.5% decline in silver, it's actually now 1.75% decline. we do have a gain in the copper market, and also a slight gain in the palladium market, year up to date, gold is getting killed, dom any chu. >> bob pisani was saying there's no movement to the down, one big drop is the gold trade. miners are taking a hit. take a look. you see a theme here. they're all losic their shine, if you will today. remember, gold prices down 2%. the group as a whole as measured by the etf is down about 3.5%, so, sue, a big day to the down side. back over to you. >> thank you, dom. let's go back uptown. one of the biggest winners in today's trading session, the recent beaten-down momentum
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names are bouncing. seema? >> the nasdaq definitely has momentum behind them. the biggest gainers, online travel player priceline. keep in lind both those names are down about 7% over the past three months, so perhaps some traders seeing the recent move as a good buys opportunity. same story for internet appeared social media. now, elsewhere, casino stocks, specifically those with exposure mama cause, higher across the board after morgan stanley put out a bullish statement. the russell 200, it would been in correction territory earlier this month, now up about 1.5%. now back to you. >> thank you, seema. let's go to the bond market. we have the two-year note auction behind ugh, and rick is hand capping the action. >> if you look at intraday, too,
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i defy you to find exactly when the auction occurred. two years pretty stochastic today. first of all, we closed last year at 38 basis points, even the two-year lower yield, higher price is positive for 2014. let's open the chart up a bit with regard to ten years, and you can see on a month to date, this is going to be the seventh session we're closing at very tight range, basically 251 to 255. if you look at the your occurrence sill, same month to date, it's definitely under pressure and a lackluster market, getting prepared for the june 5th ecb meeting. tyler, back to you. >> thank you very much. utilities are the best utilities, and the key to investing in these stocks? it's all about the dividends, dominic chu. >> absolutely. different matter, but it's not just the different, but how much think pay and how much they
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grow, coming up next on "power lunch", we'll check out all of those in terms of which vince have grown the most. that's next. that's next. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments.
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utilities stocks down nearly 3%, but for the year so far, they have been doing very nicely. utilities still the best-purchasing s&p sector this year, up about 10%, a little more than this. investors chasing dividends, dominic chu. you have looked into some, the ones that have very plump dividends and that are growing. there's or 30 stocks part of this sector. it makes up just 3%. when you're chasing they stocks, you're chasing a small population. we weeded all of them out and figured out which ones have grown the fasters. first of all, the ones with the biggest yields, they a very regional story we're talking about. first of all, be integris.
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you move on to other big names here, like you can see, first of all, southern company as the name would suggest, down south -- alabama, georgia, that areas down there, it has a dividend yield, and it's you will about 5% today. here as the biggest one they have all. ti krflt o energy, which operates a gas and electric utilities out in florida, specifically around the tampa area, had has a dividend yield, and we'll call it flattish, but like you said, tyler, it's all about dividends, but not just how big they are, but how far they are growing. and here's some interesting names. sempra energy, for those viewers out in the san diego area, they've grown their dividend 13% a year over the past five years, also wisconsin energy corporation, they have grown it by 22% over the course of the
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last five years. then cms centering, 23% a year dividend growth, so when it comes to growth, they do it fairly well, but, tyler, it's also about whether or not they can grow that dividend payment, because that's probably the single-most important part. sudden that's why a lot of income investment manager with mutual funds that have income -- whole funds. >> they love investing. >> oriented to rising dividends. >> a paycheck every single month or quarter. they are among the biggest players, sue, down to you. guys, well, the stock market is up about 50% on the dow jones industrial average, but the strong economic data pushing the s&p 500 to another record high. and it's up about a third of a%. nasdaq is up three quards of a
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percent. joining us kenny polcari and jack perusian. >> jack, i'm going to start with you, losing purchasing power parody. you have a situation where threat a lot of people on the sidelines. i've had this argument with rick santelli over and over again. when you talk to portfolio managers, one of the reasons they give you they're in cash is because they see what is happening in the ten-year. what i worry about is we start to see this market start to move. we're trading around a 17 multiple on that number. if we expand to 1 multiple, that is going to be the type of move that leaves a lot of people crashing their head. >> do you agree with that in general, kenny?
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>> i somewhat agree with that. i'm not sure any longer how many, we've been talking about it and talking about it. >> that doesn't seem to be culling. the macro news, reply call news out of ukraine was actually very positive, certainly a and. >> we'll leave it at that. gentlemen, good to see you. jack, come back soon. we miss you. >> i will. >> ty, up to you. sue, china firing another shot. eamon javers is in washington. eamon? that's right, the chinese government putting a lot of pressure on big-time american companies. i'll tell you who's involved
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the two signing a deal that will integrate omnicom's automated ad buying unit with twitter's exchange. it will lock in ad rates and inventory access between the two. here how they are trading, both up. back over to you. the tensions over hacking getting more and more heated. u.s. consulting firms now bearing the brunt of that. eamon javers has the details. tell me, eamon. >> that's right, sue. not just u.s. consulting firms, though we are seeing media reports that some of the firming are being targeted by the chinese government telling its own companies not to work with u.s. consulting firms. but a whole host of other
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responses in various media reports to the u.s. indictment of several chinese officials last week over spying here in the united states. here's what we can tell you is going on. as of right now, a report released monday by the chinese government accuses the u.s. of spying, largely a rehash of a lot of the edward snowden allegations in that report. also the chinese government is reportedly pushing its banks to remove ibm servers, again for fear of u.s. intelligence activity. a chinese media report, in a report in the china youth daily newspaper, accusing cisco of helping the u.s. spy in china. a lot of blowback here. what we haven't seen is any sort of equivalent responsibility by the chinese government, that is an indictment by the china es of american intelligence officials. i've been talking to folks here in washington who are worried that might be coming in the future. china, of course, will be one of the topics of "fast money's" exclusive interview
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power rundown time. with us today, dominic chu. we welcome back morgan brennan. good to have you with us. first, apple is on this coast reportedly working on a way to turn your phone into a security -- smart move? a easy way for hackers to break in in? >> it was only a matter of time. we know that they have home security systems. but this is apple's way of saying this is our next level of growth. >> ritz cool, morgan, don't i have to have places that.
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>> looking at 350% revenue increase projected. you'll see them jump into that. >> that's zappos on why it got rid of job postings, calling it a recruiting black hole where applicants go to die. >> it makes sense for zappos. >> employees are self-governing, so it kind of makes sense to start launching the only social site. employees get to of course on whether somebody joins or not? >> at least you get to vet who
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will come in. >> a. >> >> that's mott a whole-ocracy. >> their thinking is they want to get more interesting applicants. >> i do agree that it's a place where people go to die. >> it's a numbers game. but i love zappos. talk about the dangers of tobacco, the world heldorization says the best way to get smoker to quit is to hit them in the wallet with a 50% tax hike. i guess it depends on what the tax is in your lot, whether it would hurt that much.
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>> you come from down south where cigarette prices are very low compared to new york city, where they're $10, $15 a pack. you would argue by making things more expensive, you kind of make people not want to smoke or chew tobacco. >> less of something, you tax them more. >> this is interesting. what the world health organization is saying is cigarette use or tobago use is a tax in essence on the health of poor people. they tend to smoke more, use these products more. it saves lives and ultimately medical costs. >> i think some of the plays where we've seen it roll out is new york city. is the smoking rate in new york city is lower. however, for this to work, you have to bet set some of the horrid tax revenues asigh to help --
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>> in california to people in california smokes as much as in new york? >> my goodness, in certain areas you will get shunned if you're lighting up a cigarette, but you can say that about new york city, too. >> go to florida, i boulevard it was in florida, people are still smoking. >> a -- to answer privacy complaints. any chance mr. zuckerberg is going to heed the summons? >> no. i mean, c'mon now, i'm going to answer this topic. >> huh? what? >> i find this rather ironic. if instagram, twitter, facebook, some of the other social sites that have been blocked or called into question in iran are so dangerous and such a threat to privacy, why do you see senior leaders of the iranian government having full access, on twitter, having full access. you have the iranian president
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saying not to block these sites. >> dom, quick thought. >> i think you have senior mens on iran, social media. i don't think, yeah, not an extradition treaty -- >> i don't think mr. zuckerberg is really worried about that. thank you. three big winners in today's trader when we come back, but what's coming up on "street signs"? >> hey there, ty, a market keeps afloat and defies old adages. if you're thinking about a vacation away from mom, you want to tune in. we'll also have insights into the thinking of those that are just completely and utterly have given up looking for a job. top of the hour, folks. "street signs" is coming up. sig. ♪ ♪
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to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. it's a record-setting day in some of the major indices. so let's check out the markets. the dow is up about 62 points, but the transports hit a new all-time high. s&p 500 did as well, up now almost nine. nasdaq composite almost a full percentage point gain, up 37 points. the ten-year note after the
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auction this afternoon of two years is at 2.53%. top winners today, almost a 6% gain in first energy and rg energy up, and the priceline group is up better than 4%. a pretty strong day, ty. >> i think i get bills from first energy. that will do it. >> i'm sure you do. "street signs" begins right now. see you tomorrow, guys. should you be nervous that nobody seems nervous about their investments? hi, everybody. we've got an incredible list for you of everything that is higher this year. plus are those higher prices proving the official inflation data, you know is baloney? the disturbing stat about people who may never come back to the job market. and the possible problems of a big book that has all of wall street talking? >> so many superlatives today all-time highs, i can't go on,
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