obviously someone from inside the white house. i don't think we have a timetable yet as to when jay carney will be departing but nonetheless this was a surprise. it follows the resignation ahead of the v.a. secretary just a short while ago. >> that will do it for this edition of "power lunch." sue. we'll see you when you get back. >> i'll see you on monday too. have a great weekend, everybody. >> any minute now we'll hear from john harwood on the resignation of white house press secretary jay carney, but in the meantime my head is spinning from old and new highs being hit in this market. is the air just getting a little too thing up here? oh, snap. i bet snapchat's boss would wish all those e-mails would just disapeople. did zack make another

multi-philanthropy misfire? goody there. just down enough to go around. welcome aboard melissa lee as wealth. >> thanks. great to be here. meantime we want to go down do washington gaenltd the latest on the resignation of jay carney. john harwood joins u now with what he knows about the story. john. >> this is wholly unlike the situation with eric shinseki who was resigned under fire bipartisan group of lawmakers calling for his resignation. he's been in this grueling job for a couple of years now, succeeding robert gibbs. jay had spent the beginning of the obama administration as the press secretary for vice president biden which was a good training ground for this, but it's a very difficult job that involved press corps and very, very long hours and they came in and said jay wanted to spend more time with his kids. it's been a strain on his family

to be in this job and now he's goinging if out something to do in the private sector. we don't know what that job is. josh hirsh is someone also who has been with the administration interest the beginning. he's been jay carney's deputy. his wife is the communications director over at the treasury department, so part of an experienced and loyal obama team and this fits the pattern that the president has shown in picking loyal younger members of his inner circle and staff and move them to jobs that become open in the second term. >> does this also fit the pattern of duration in terms of how long press secretaries serve? is it shorter than normal or longer? >> i don't think it's shorter than normal. the white house jobs in general are intense. very, very demanding and it's difficult for people to stay in them for a long time. my old friend mike mccurry served as press secretary for president clinton. he left probably after a little more than three years in the

job, i think. jay's been in the job i think it's coming up on three years. i don't think it's out of the ordinary in terms of the duration. >> john, thanks a lot for that. meanwhile let's get you caught up on where the markets stand right now. they don't look like much is going on. take a look at shares of apple hitting a fresh high? today's session. fresh two-week high. but again a reversal off of the highs of the day and take a look at s&p technology. that's been a leader in the markets for the past two weeks under the leadership of apple, google, as well as facebook. that index is down right now. let's head down to bob pisani at the new york stock exchange. bob. >> it's been a problem for the markets. let me show you the major sec r sectors. tech, for example, materials, consumer discretionary. defensive names lagging a little

pit, but financials and industrials aren't on this list. they're bad for all the major names. target, statements, coach, t.j. maxx. they rocketed up and, look, they outperformed. retailers, big losers this month. big winners, airlines, home bulders, decent spring buying season, lower interest rates helping out. southwest and delta is up, pulte and horton. also i kept getting asked about goal. why did it drop on monday? we had an options expiration going on. a lit boiflt a collapse of the premi premium. i keep getting asked about this and i'm neutral on this. they said big coins starting going up as gold started going down. they push the idea that big

coins are stable and a lot more people are putting money in there. there seems to be something to that for the moment though. i'm very agnostic on this bitcoin issue. >> heading for its biggest weekly drop in eight months. let's head over to rick santelli who's in chicago. hi, rick. >> hi, melissa lee. if we think about the month of may in terms of interest rates, it's pretty easy. here we sit at 246. switch the digits around. we end last month at 264. even though that may seem a lot and it does lately the way everybody talks about the rate dr drop. hook at what happens. we see both of those moving higher meaning they're wide abouting out. treasuries out perform in those two areas so there is credit discrimination going on and i continue to say that gives a lot of credibility to the message of the treasury, whether anybody

cares to listen or not. >> always rick san tell lay. thank you very much. enjoy your weekend. with stocks bouncing around. record heise and volatility and lows for the year, where in the heck is this market headed? let's bring them in jim, i really thing we need to consider it but are we overbought in the stock market? >> you know, i don't think so yet. i think this market is being underpinned by what's coming off of main street. i think it's been far better than expected on a rather regular basis and i think that keeps driving the market higher. with bonds coming down in the face of that, i think before the market tops out, we're going to probably have to get bond yields

to back up probably over 3% or more before i think this market find as top. >> whoa. in what time frame and would that be quick? >> not many people think 3% is in the cards at least for this year so you're basically saying the market is not going to top out for months and months, possibly a year from now. >> no. i really think, melissa -- and i know it sounds crazy. i think the ten-year yield is going to make it past 3 president 5% before the year is out. that's why i'm saying think we'll stick with stocks before we get more rate pressure in the system and think the s&p is going to find its way up toward 2,000 or maybe a little above and maybe it will correct urn rate pressure in the year but i really thing the undertow of this economy is far better than people think and i think that's going become more obvious as the year progresses and that's going to have another ugly year yet in bonds. >> good news on the economy and stocks, but, whoa, what about the yields? brian, do you agree with what jim just said? >> i agree with the statement

that the market remains in an up trend. we think it continues to move. we don't have it. we think it despite the leadership issue, some of the rotational issues we see remain pretty strong so e we could certainly move higher. >> i'm going to go to stock picks. that's an interesting one. it didn't fall pray to the big swoon, up 52% so far this year. they had earnings out back in april and they made a prediction it's going to outperform substantially its peers. what's the catalyst for skyworks at this point? >> it's certainly doing it on a fundamental basis right now and we think it will continue. the catalyst for that company or several actually. you know, their content keeps going up, so they provide

content for cell phones, smartphones, tabloids, that sort of thing, so not only are they providinging more of that but their dollar content device continues up and they're broadening out into more devices and arias. as more as more things becomes connected they provide more solutions for that. we think they have a lot of room to run. while the stock has done well, the earnings has been great so it's pretty reasonable. >> talking about evaluations you think you can buy emerging market stocks at a discount to what you can get u.s. stocks for. i like diversification. i like to look overseas at well. so you're looking to emerging markets as opposed to developed international markets? >> i think that's my favorite right now, mandy. you know, these things bomb pretty hard there in early march. they've been outperforming significantly, the u.s. and other markets since. actually the eemetf has now

roughly performed in line. there ooh's a big bomb going on. like the idea, you've got this world, bottoms on. 7% growth or a little less, you're going have a world growing two times faster than the developed world and now you can buy that prospect for discounted notables. so thii think that's a point. there could be a lot of cash coming in behind you if they continue to outperform. >> indeed. it's only about 1.5%. to recap the breaking news that we brought you at the top of the hour, president obama just moments ago announcing the resignation of press secretary jay carney. he's going to be replaced by the press secretary. also eric shinseki resigning from the didn't of veteran affairs. president obama still incesting the v.a. care is good.

we're going to dig in on that ahead. >> time for today's mystery chart. can you name this tech stock? it's up 30% in the month of may. we've the answer when street signs comes right back. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present.

the president also announcing the resignation of eric shinseki earlier today at the white house but as cnbc highlighted several months ago problems extend beyond the long wait times to what actually happens when those veterans receive care. take a look at these clips from

our documentary "death and dishonesty: crisis at the v.a." >> septic shock is what they said my father died from. >> and when she questioned that, they completely dismissed her. >> you're mistaken. >> you're mistaken. >> i'm mistaken. his death certificate does not say anywhere about legionnaires'. >> here's what a whistle blower who requested anonymity had to say about working at that facility. >> that's the biggest thing and we had the biggest problem with as far as other patients. occasionally other instruments, drills, reamers we'd find pieces of bone on. what it shows is nobody's taking time or care to clean the instruments. >> for more let's bring in eric schnipper. >> even if the v.a. fixes the

patient backlog, how will they fix the quality of care the veterans are getting? >> i don't think it's fixable. i don't. i think it's a monolith ought of control and under funded. they should be given vouchers to go to any doctors of their choice because the system right now does not have enough physicians in it is. when we look at these wait logs, i don't know how anybody's going to go swoop in there and fix it. >> it sounds like the root of the problem is tunlds funding. the underfunding leads to it being understaffed and not having enough equipment. is money really the problem here? >> i think money is a problem. i think there's a larger issue and that is what is single payer and what does it represent? i think when we look back, we

see there are waiting lines in canada and englachbld we have an overabundance of sigs physicians and circumstances. but we don't have the appropriate way to get these veterans, the people who deserve it the most to get that access of care and that's the problem. so i think if we were able to sort of privatize the system to some extent and allow them to go to physicians, that would at least in the short term unblock the system. >> i'm sure there are plenty of veterans who received good care and others who are above par. what do you think of it? >> it's hard to say because we only know the tip of the iceberg right now. but i would say the goal of the physician is to get 100% of the people the care. all it really takes to bring down an entire system is one

instance like this in one hospital and then all of a sudden you see the entire system collapse. >> does it make any difference to the veteran that shinseki is out? >> i think he's fall guy. you could look at certain circumstances and say, two years ago there was a report that should have been heated. there were some reports during the 2008 election that the administration of obama was allowed, information about this and nothing was really done about it. but i think the zeal of the administration right now on what the government can do for people is so strong the agenda is possibly overriding the help that the veterans need. >> what stands from the veterans saying, it's not working, let's go to the voucher system and disband it? is it entrenched in that the v.a. system is the huge employer and they don't want to be the good guy? >> i think you can use the v.a. system in concert with private physicians, particularly if you were allowing people to go on an

outgoing bea sis. it's a way of unclogging the business. i think they're going to extra trap late the problems and say this might be what comes down the pike for obama care than's what they're really afraid of right now. they don't want people to make that connection. they want to show it can work. >> thank you so much for squoing us today, dr. schnipper. we have another facility in the colorado area, that's going to be released. but in the meantime if you're interesting you can go to cnbc.com and watch it. >> oh, the irony. we've got to the latest on that story. and later on, the jetsons trade. which company is going to be controlling the home of your future. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference.

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say they in no way reflect who he is today. you know, melissa, we all do and say stoo pid things when we're young, i get it. i'm going to say i'm glad we didn't have e-mail when we were in our college years. >> you'd be in trouble? >> you know what? one of my 2014 predictions we also give on "street signs" at the end of the year is that spiegel would really, really regret the decision to rebuff the reported acquisition offer of $3 billion from facebook. seriously? and now this. a lot of regret going on in the spiegel household. >> the irony of it because you know what he wrote these e-mails he wishes disappear and he created snapchat. while he's mortified and embarrassed the is actually great p.r. stunt frp snapchat. >> it shows what they call brogram and culture.

>> the search jiernlt giant is a right to be forgotten. will we soon see this here in the united states? let's bring in patrick keen. he's also a former shareholder of google. glad to have you with us. they're going to go through each request and decide because there are some things that the public may need to know. >> yeah. i'm surprised they responded so quickly. i wouldn't be concerned from a u.s. perspective, but google has dealt with copyright concerns in the past. it will certainly add a level of complexity and bureaucracy with how they have to deal with these requests but i don't necessarily seeing it coming to the states

any time soon. >> i understand you tried to find the form and it was quite difficult and it's about eight pages long. at the end of the day, google says, yes, we'll comply but bedon't want it to make it that easy. >> yes. it took about eight clicks. it's going to be that easy to put in their passport information and license. also this content doesn't just simply disappear. it just won't be in the search results in those individual countries. >> what does this mean for u.s. users. if i'm here in the united states and want to find results for somebody in europe, will i be able to see the content? >> yes, you will.

>> so you're creating balkaniz d ed internet. the defeats the notion of the world wide web as it was created. >> i think some of the concerns to worry about are censorship and what are going to be the repercussions in other countries. we've seen european censorship in lots of other countries so are they going to use this new ruling to want more censorship. are the repercussions going to be deeper? that's going to be hard to see, but i wouldn't have be surprised if that happens too. >> fine line between privacy and freedom of information. patrick, thanks for joining us. >> smoke 'em if you've got them. >> that's a clue. your first hint, the tech stock up 30%. second hint, it's only had four down days in may. we we've the answer when "street signs" returns. mine was earned in korea in 1953.

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with the mobile trader app. that corporate trial by fire when every slacker gets his due. and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. 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. time now for street talk. we kick it off here with hillshire brands. >> yes. it's getting a downgrade. the firm did raise the price target at the same time from $41 to $55. you can currently see it there at $52 by the way.

it comes on the heels of tyson foods. $6.2 billion. >> and take a look at info. >> they're offering an outlook. wow. look at that. down 1%. down 37%. >> omni vision soaring today. >> yep, better than expected profits in revenue. they increase it. >> some of the airlines are up. as bob pisani was saying a moment ago, they had a strong month. >> am surmg, one we don't talk

about a lot getting an upgrade. >> yeah, we don't talk it. they were getting a strong bite. raymond james also putting a 60 price tag on the stock. it's currently sitting at 45. >> we're getting news on allergan. will it be a formal announcement on a deal? we'll see. we're keeping track of this. ailer began halted. as soon as we get any news on any indication of when it will reopen, we'll bring it to you.m. as soon as we get any news on any indication of when it will reopen, we'll bring it to you.l. as soon as we get any news on any indication of when it will reopen, we'll bring it to you. >> we certainly will. this is the mystery stock. >> netflix. >> remember what a tough time it's had? it's had a good return coming back.

mark, i want to talk with you. can you chase a stock that's had a comeback like this? oh, sorry, sorry. >> two marks here. >> mark lick ten held, sorry. >> i like the company. i'm a customer of netflix. i jep hope after the segment they don't revote my member before i watch "orange is the new black," i talked about the numbers. it's not expected to generate a billion dollar in cash flow. this is a $25 billion market cap stock. so it's priced for perfection. any kind of negative catalyst, whether it's a market correction, earnings miss, any net neutrality issues, anything

that's out there, and this stock could fall by a third again as we saw a few months ago. the risk is too high to justify any potential reward. >> mark newton, in terms of the charts it's had staggering run. 30 something percent. what do you see in terms of the strength of this run? >> it's been up over 100 dollars, melissa and mandy. a couple things to notice. the stock is extremely overbought in the short term. it does have near term momentum. however, i don't think the move is sustainable. that level is sure to be it. the stock hat pulled back into late april. held to $300. that's important.

it also lines up. that's going to be an important level. the problem i had with the stock is it's raising substantially. we're not able to really recapture the formal highs. we have a short-term overbought situation as part of a gradual intermediate term start. it doesn't mean you saw it away. the stock market has a maximum of 458 and then we back off, i think, between the months of july to september because the move is just unsustainable. >> all right. caution from both marks. thanks, dpies. be sure to check it out on yahoo! let's send it over to courtney reagan with a quick market flash. court. >> allergan has been halted for news pending. those two probably con nexted so i wanted to make sure we point that out as becheck out shares.

back to you guys. >> should prostitution and drugs be included the gdp? it's a real question. what do you think? >> it gives new meaning to the term output, doesn't it? >> ew. >> i've been waiting all day to use that. come on. >> pass. >> melissa, you did the big documentary on pornography. that's a hugetry. prostitution is big, drugs. >> i just have one question. i want to know how they're going calculate this. i think that's going be difficult. >> and whether it has an impact on taxes. it's not that legal. >> i was going to say and whether we could do that here to be competitive. >> i think we'll find out with the legalization of marijuana is in certain states. >> legalize it, regulate.

get the money, you know, any way to get in more revenue. >> hot snooish thanks, guys. see you at the top of the hour. still dom, why the jetsons may not have been that far-fetched. we'll explain. >> in case you missed it yesterday, i want to show you again. >> it's the best. >> i can't get enough of this. herb greenberg acting out this scene from the lego movie. >> tonight on "where are my pants?" >> honey, where are my pants? tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending.

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♪ my mom works at ge. ♪ today, sunshine stock. one of the biggest gains on the s&p as hope rises for the fast growing e-cigarette business to potentially sweeten the deal as they hold talks to buy it. lawyer lore ril lard are getting together. they're going to take on the brand frame.

>> one thing we'll be looking at is how home automation will play a large part in the business. we'll give you the numbers but first our homes are smarter than they have ever been before and they're only getting smart e. if yu want to live the jetsons lifestyle, we've got to you covered. wi-fi sensors controlling and monitoring things like light switches, doors, thermostats, fitness devices. what's on the market now and how can you profit off the jet son's trade. here are the four biggest companies involved to ought mat your home. first let's start with apple. it's not quite the levitating car it lets you use your phone hands-free and listen to your music, apps and messages while

you're behind the wheel. next. google's nest thermostat. it learns your schedule and programs to save you money. next, phillips hue system. one bulb offers 16 million colors to light your house and the smart things platform. this connects in your house -- excuse me, this connecting to everyday objects in your house and easily lets you control them in the palm of your hands. so security and smark locks are the main drivers in home automation trend. you saw stock prices are all up year to date on these companies. a transparency market shows an increase. that's 350% increase in just two years ago.

back to you, m&m. >> m & m, i like it. >> very interesting area out there. smart things is privately held but for control, check this out. ctrl is the tick owner that. you see that big spikeup? you do see some of these individual pure play players really moving in conjunction with what's going on in the market and that's this increased awareness of smart going automati automation. >> let's take a look at this. greenburg's inability led to this wonderfully hilarious moment. >> can we pan out a little bit on herb's shot? i was wondering the same thing. >> oh, my eyes are stinging. my eyes are stinging. >> i tell you one thing. >> i'm working this thing.

i'm going to be fair here. he has great legs. which czech out the definition on his calfs. >> we were saying yesterday we both wish we could unsee that and now you're like, oh hrks has nice legs. >> it's the fact that the pants were flesh colored. >> you were like, whoa. >> he was wearing pants. >> he was. herb, you're going to be in the studio next week with pants no doubt. we want to give herb fashion advice before he comes to new york. what kind of pants should herb wear? it's a question for you. traditional khakis, nice tweed golf pants or clown pants or these that were surprisingly popular, zoo because pants? tweet us your choice. use the hash tag #herbspants.

sitting there on the flat line. the dow and dmajz are slightly in the red. guys, this has been surprisingly good may when you try to consider the sell in may and go away adages. bob was saying it really hasn't worked. let's get some breaking news on valiant. >> hey, there, getting some news from valiant and ailer jan. $72 a share. remember just earlier this week they upped it. saying that this is contingent on starting prompt good

negotiation between valeant and allergan. we'll have that for you as soon as we have it. meantime if steve ballmer is willing to pay $2 billion for the los angeles clippers, what are the knicks worth? how about the lakers? what about the celtics? is this a game-changer for sports owners? it's coming up next. stay tuned. care what age you are.

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isn't good enough. an island isn't good enough. you want a sports team, too, but there aren't enough go around. >> that's a good point. we've had a great run. tremendous amount of wealth creation and the supply out there in terms of what's for sale, particularly a big market, high prestige team in los angeles, new york, chicago, very, very small. >> what does this mean for valuations? according to the forbes list, the price is two times bigger. this must inflate it. >> two of the happiest people are philip anschutz who's a minority owner of the laker and majority owner of the l.a. kings. if you recall about a year ago he was going to sell his portion and also the owner os testify brooklyn nets who were looking to sell a poshlg of their team. i think they're going to be

value at significantly more than that. and if anschutz should try to sell his sports property, they were talking $6 billion, $7 billion, it could be more than that. >> madison square garden, owner of the knicks, the nets, what do you think? >> i know for fact having spoken to people having spoken to steve ballmer, he was dying to buy an nba team. he missed out on two previous opportunities. he was not going to let this bun go by. this was a distressed sale and a buyer who was going to do something. i don't think you're going to see this kind of valuation but it does kind of paetsch the way and clear the way for other people to get slightly higher than they would have otherwise. >> we've got breaking news. thanks so much. let's get to courtney reagan. market flash. >> check out shares of allergan. it has been reopened.

that news turned out to be that valeant was raising its shares. valeant currently trading up more than 6.5%. milliliter. >> what a pop. courtney, thanks for that. top rookies from the l allergen trading up. >> rookies for the nfl are learning about the business brand and how to maximize their brand on and off the field. joining us now is the number four pick for the buffalo bills, seam watkins. you've actually been a bills fan since you were a kid and you're out there to learn the business side of the nfl. what are you learning? >> i'm learning a lot. i just found out how we have a protection where they are fighting for our right, old players, new players that's helping us out through the whole process and we have a whole team who definitely for us.

>> you just signed a big rookie contract. estimated to be worth almost $20 million over the next four years. congratulations, but the problem is we often hear about sports stars coming into a lot of money like this and then basically spending it all. how are you making sure that those earnings are going to last a long time after your football career ends? >> we don't need to spend money. half the stuff is we get it is for free and for me it's be smart with my money and have great support, which i've got and just be smart about everything and that's the way you've got to be in this league. you've got to be smart about everything you do, decision-making, cars, houses, clothes. just got to be conscious of everything in every situation that you're in. >> you never know how long an nfl career may last and hopefully yours will last a very long time andsome some of the most successful players out there that withstand the ups and downs are ones that build their

brand as they are building the career on the field what. are you thinking on in terms of what you would like to get in on the business side of yourself to make sure that you have that runway after you retire as a player? >> for me it's hopefully have a successful career to where i can get out in the business and doing what you're doing and talk about everything, but i want to stick around sports. also be that motivational speak their can go out and reach out to kids in the communities, guys that don't have a chance to go to college or guys that don't get a chance for brand new shoes every week, to reach out to communities and reach out to younger guys and girls to understand that you don't have to have all the money in the world to do things, just have a job and determines to do whatever you want to do. >> great to hear you thinking about giving back already. sammy, best of luck to you. >> yes, ma'am, thank you. >> a major story today getting a lot of buzz is mark zuckerberg

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that the deal gets done. i think that this is the second increase this week alone and i think valiant, again, is very, very serious about acquiring allergen. this puts a lot of pressure to respond, and i think -- i think the combination makes a lot of sense. certainly allergen has done a lot of things to try to discredit valiant and their business model, but i think valiant, especially after this week's investor presentation, has i think assured its investor base that it's the right company to integrate allergen and also the right company to grow products. >> you have a buy rating on valiant i believe, tim. does that change if they don't get this deal over the line? >> i don't think so. i think valiant is very well run with the ceo and mike pearson. i think that they have

demonstrated over the past four or five years that they are the acquisition integration company in the pharmaceutical space. if they don't, if they are not successful in buying allergen, but i think allergen is the company that they are going to buy. >> what else could they buy? there's a lot of components to it. so they could look for another dermatology company in my view. >> tim, thanks for joining us. appreciate your analysis. mark zuckerberg and his wife are giving a hot $20 million to help improve bay area schools and let's not forget what happened with his generous donation and why that money was spent on everything but the children. let's bring back robert frank for more.

what's behind this? >> the money that he gave the newark schools, a lot that have was waste and went to bureaucracy and to accounting firms and various people that were advising. what was great about this, people said maybe this will disincentivize to give to education. they will see this and be afraid to give to education. if you're going to apply business principles to fill anthony pye and have you to take a ring. took a risk in newark, didn't quite work out. what you do as a business guy you learn from that mistake and go forward. >> is he learning if he's basically doing the same thing? >>. >> what he's probably going to do is say here are the mistakes we made in newark and here's how we make sure it doesn't happen again. look, you'll make mistakes. when you give away that much money, you'll have startups that work and some don't. he's young and will become a great philanthropist if he keeps learning from his mistake. >> how much do you think that has to do with the big wealth

divide? there's hatred -- not hatred but animosity. >> there's optics involved. when he gave to newark right at the time that the film came out, the timing was not uncoincidental. somebody gives $120 million to people who need it in schools, that's a good thick. >> thank you very much, robert frank. >> before we let you go, a very big day for thomas pikett why. >> what should we ask him? what's the number one thing we need to know from him? >> a lot of people will get caught in the weeds of the data stuff. the most important thing is there an inheritance boom? i don't see that happening but that's the question. >> thank you so much. >> robert, thank you. >> of course, i'll see everybody

on "fast money" tonight at 5:00. have a very special guest, the vice chairman of lion's gate, michael burns. down 12% plus. >> thanks for watching f-fun. >> "closing bell" is up next. >> and welcome to "closing bell" for a friday. tgif, everybody. i'm bill griffith here at the new york stock exchange. >> and i'm sarah sizen. now heading into the final hour of trading for the month of may with both the dow and s&p hovering near their all-time highs. next week not only brings a new month but an avalanche of huge data that could move stocks sharply. >> an avalanche, i tell. >> you not to be dramatic, but seriously. central bank meetings and shareholder m