but a lot more there. >> rangers or kings, murph? >> rangers. >> yeah. good answer. pete? >> devin energy, it is a mike collin favorite. he owns it. that means i need it too. >> kings win. our top story today, welcome, by the way, the auto stocks, huge day for may auto sales. look closely at the stocks in the -- the etf that covers the car industry and what the big surge in sales means for the greater american economy. well, a day after that apple developers conference out in silicon valley, this company is making news again. some in the industry are accusing apple of stealing their ideas. the stock, though, is up. is apple a buy at $635 a share? we'll debate that one. and a new kind of insurance for

your time. specifically for time wasted by airlines if your flight is late, if your bags don't make it, you get cold hard cash fast. the man behind this company is here this hour. we'll talk all about it. first, though, to sue at the nyse. >> that's a fantastic story. coming up in a little bit. we are going to start out with auto sales today for the month of may. they were very strong. gm, ford, toyota, and honda have all been on the upside. though now honda and first trust global auto, which is the etf that tracks the auto industry, are both on the downside there. phil lebeau is behind the wheel with some of the details on some pretty stellar results, phil. >> much better than expected, sue. you look at the sales numbers for the month of may, almost all of the major automakers beat estimates anywhere between 2 and 5%. couple of numbers stand out here. first of all, general motors, gain of 12.6%. that's almost double what the street was expecting.

and chrysler at 16.7%. we'll talk about in just a little bit what a wonderful month it was in terms of jeep sales. couple of other thins coming up today. people have been saying what about the recall news? has it slowed down sales for general motors or for ford? ford last week reported more than a million vehicles were going to be recalled as part of some new initiative. well, guess what? those recalls have not slowed down traffic coming into showroom, nor have they hurt sales. in fact, generally speaking on the conference calls today, everybody said, look, the sales are there, so we're not worried about people being deterred because of all of the recall news. also, industry incentives did not goose the numbers in the month of may. they were up about $80 according to ford to an average of $2900. that is generally speaking where it has been for most of the year. so it is not like the auto dealers were goosing the deals at the showroom and saying come here and buy this car, we'll give you $6,000 off. finally, i mentioned chrysler and jeep. what a great month for jeep.

best monthly sales ever. up 58%. and finally, guys. let's look at the monthly sales piece. this is what people will be focused on. all the way over on the left, 2009, you saw when we were down at $10.4 million, the low for the industry. last year, 15.6. on the right, that's the estimate coming in from chrysler. chrysler says the month of may could be as high as 16.9 million vehicles. sales pace. not the actual sales, but sales pace. generally speaking, everyone saying it is going to be over 16.5. by everybody we're talking about most of the analysts looking at the numbers that have come in so far. the bottom line is this, tyler and sue this is the kind of may that has a lot of people saying, okay, a lot of things helped out here, you had a great holiday and extra weekend, but at the end of the day, you saw strength in the consumer, more strength than people were expecting. >> phil lebeau will hang with us and as we bring in senior economics reporter, steve liesman, to talk about what these car sales numbers mean for

the broader american economy, and it must be good news. >> couple of things. it is good news. i think we're learning there is more of a weather effect than we thought, certainly in the auto industry. we're getting some of it back. whether or not we get all of it back is unclear. the key so watch, though, is going to be production, okay. we're going to want to engage phil on enveinventories. my read is they're a little bit high. if the sales pace should continue a pace, so to speak, we might get effectively a reduction. that will be bigger numbers for gdp. that's one thing we'll be watching, watching for the revved up production. and finally, i would caution people, this is not the industry. it is in high gear now. it will settle back somewhat smaller than this. we're getting a bounceback. by the way, phil, checking that chrysler number at 69, all i did is put the 10% growth we had year over year on to that number

a year ago. 15.4, that gives you 16.9. chrysler is not pulling numbers out of a hat. if we do 10% higher than a year ago, that gets us to 16.9. you're right, 16.5 may be a more realistic number. but it is higher than economists had estimated. >> phil, why was ford the low boy in this? >> tough comps compared to last year. that's the biggest issue they're facing. ford gets into a tricky area. they start transitioning on the f series. as they do that transition, to the so-called all aluminum f series, they have to bring down some production. that hasn't kicked in yet. we'll start to see that here in the next couple of months. month to month you got to be careful. >> real quick, the economists that care about production schedules, when would you start eliciting for the automakers ramping up production schedules? >> a couple more months. the average inventory is probably in that upper 60s, maybe 71 for the entire

industry. it gets down to the low 60s, you might see them say -- >> ramp up production. >> phil, thank you very much. phil lebeau, steve liesman, thank you. >> sue, down to you. >> trading action, downside day on wall street. transports selling off a little bit. dow giving back some strength. we had record closes yesterday, though, and the dow, the s&p and the transports. so perhaps not a surprise and we're transitioning into the summer. >> we had some problems today, though. the problem is what is going on over in europe. europe has been doing well. we had a rough session over in europe, all the major indices on the downside. mario draghi will be speaking on thursday. a lot of high expectations, worry he won't be able to deliver on .expectations. they're expecting not just rate cuts, maybe forms of quantitative easing, bank loans. they'll throw a lot out of this. they expect a lot of support to come in. there is worries he may not be able to deliver on that.

>> then stubborn in past about moving on. >> it is very complicated over there with the ecb. not the same as our system. many different countries will buy bonds from different countries, corporate bonds. bottom line, it is weakening our market today. they upgraded the materials sector. talked about improved chemical production. a lot of companies are buying back their stock. all on the upside. they up graded the energy sector. consumer discretionary, slower pace of housing activity. i think the data in the last week or so has been better than some of the bears suggested. you see the housing stocks mixed. and financials underweighted this. this is the big surprise here, talk about a flattening yield curb. so interesting call from them today. >> i'll so see you again in a

little bit. >> stocks struggling a little bit today. did you know there was a slew of well known losers over the past year that have been bouncing back pretty big time here in the second quarter of this year. so the question is have the stocks bottomed out and is there more room to run? we look at three comeback kids. >> just off the record highs for the broader stock market. still stocks outperforming others and some of them are possibly turn around stories like you said in the making. we look at some of the most well known large cap stocks out there. we looked for initial signs of a turn towards positive momentum. starts off with stocks in the russell 1,000 large cap index. broader gauge than the s&p 500. here are the big highlights we found. home builders are a battleground for the bulls and the bears. that debate waging over whether the housing recovery can gain. pultegroup is up nearly 3% just

this quarter. just again since the end of march. and trades around 3 times earnings. discount to the broader market. food stocks have been hot. dean foods is the company behind big brands like land o lakes butter. it trades at just 5 times earnings. there is oil retyner tasoro, lagging over the past year. it is up 12% just over the course of the last two months and it trades at five times earnings. it is about momentum and not catching the falling knife, but seeing if you can get it on the way back up. stock market is pulling back from the records set yesterday. lipper recently reporting

inflows of $2 billion ending the week of may 28th. is there a lack of trust in this market. joining us, michael foursquare and kenny pulcari. michael, i'll start with you. what do you make of the slowdown of inflows into the stock market? we saw a huge rally in the pond market at the same time that was occurring. >> i i have investors got nervous. fed rates had moved up higher. just as people started to get a little bit nervous about the stock market. we had a 32% gain in 2013. things continued up and then all of i sudden, at the end of april, we got word from the fed and the yield went from 270 to 244 in a month. we see where the flows went, the fight back to safety. people continue to be nervous about stocks.

that's good news. you should be nervous about stocks but don't throw the baby out with the bath water. >> kenny you think it goes further than just people being nervous. you think it is lack of trust in the market structure. >> there is still that issue, the issue of about people notally showing they trust the et. they don't understand it. you get issues that come up like that, that cause a big stir, people start to pull back. they're not sure. they don't want to be at place that feels leak s like a casino. >> michael to your point about buying stocks you can hold for a long period of time. johnson and johnson and qualcomm is on your sheet. >> johnson & johnson has seen

10% earnings growth compounded over the past two years. if johnson & johnson can get 7.5% earnings growth, i'm a happy gi in some kind of a market. earpings growth over the next five years, i think, around 13, 14%. 2.1% dividend. remember the ten year treasury is -- why wouldn't you own companies where you have growth and get paid. abbott 16 time earnings with 11% earnings growth. these are core, solid companies you're not going to swing for the fences in this kind of a market. as kenny says, when the market gets tumultuous and people want to be safer. these are the name they want to own. >> kenny, quickly, if you were

not long-term in your market focus but short-term, given the data and the ecb, would you get into the market or no. >> people are sitting on the sidelines, expecting mario draghi to come out and with all the guns ablazing and i suspect he's going to. but there is still no reason to jump in front of this van yet, until they bet a better clue. >> everybody worries about draghi, but draghi has not disappointed. he delivers. >> we'll see. >> thanks, guys. we'll see you soon. >> so the city of chicago is filing suit against five of the world's largest narcotics makers accusing these companies of concealing the health risks associated with a class of potent painkillers.

now, the company's named in the suit are activists, also endo health solutions which makes percocet and then johns johnson & johnson. this mirrors a similar suit, but painkiller is a huge folk ose and now the focus of a lout for the city. >> apple, shares higher, one day after the conference. many apple fans, though, were left shrugging shoulders. professionals took note and some companies are not happy with apple right now. social media companies in particular have a little app anger today. why are they riled up. >> well, tyler, i messaged the new messaging service that they

showcased yesterday, funny features like video chat and voice chat, which makes it a lot like what's app. what's app ceo yokun tweeted yesterday saying it is nice to see apple borrowing. that seemed like a snarky response there. some of the other features are similar to snap cat. there is the ability to send photos th s thas that instantly we definitely are seeing apple play the copycat game. many, many years ago, steve jobs came -- admitted he copies. he said good artists copy, great artists steal. we saw that yesterday. >> sue, down to you. >> two big international

investable plays on "power lunch." >> the growing short bet on europe's currency. the big traders are playing it now. which way should you bet. china's data. can china be trusted not to fudge the numbers and what it mean for your portfolio? >> the man behind the company that fives you cash almost immediately when your flight is late. it is insurance on your time. $1,000 for being stuck on the tarmac, how does that sound? a thousand bucks if your luggage is lot. 500 if your luggage doesn't show up on time. find all about it coming up next. 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.

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welcome back to "power lunch." a record-breaking game seven for the western conference finals between the chicago black hawks and the los angeles kings. word just in, the game won by los angeles in overtime, had record viewership for an nhl playoff game that canndid not t place during the stanley cup finals. game one of the stanley cup finals between the kings and new york rangers airs on nbc tomorrow night. over to dominic chu for a market fla flash. >> roller coaster for smucker.

smuckers owns folgers and dunkin' donuts coffee distribution. it is considered a trend setter in the industry. watch for more price hikes by other majors. just about flat on the day. back over to you. >> dom, thank you very much. to headlines now. at&t raising its full year revenue forecast for the second time. the telecom giant seeing strong growth. the stock is down about half a percent. shares of clovis oncology getting slammed. yesterday, clovis said 22% of patients in its early stage study testing its experimental lung cancer drug experienced high blood sugar levels. dollar general, the biggest winner in the s&p 500 today. the discount retailer missing earnings estimates blaming tough competition and the harsh winter weather put said sales did rise

and its expansion plan is still on track. euro currency, over the past month or so. the reason that's important is there is a huge short on the currency now. the betting is it will weaken going into the european central bank meeting on thursday. mario draggo hopes it will too. but that may be the opposite of what happens. sarah eisen is here on how you might want to play it. >> this has grown this bet against the euro. $2.8 billion short bet right now. double what it was the previous week. but that may back fire. thursday, the most anticipated european central bank decision of the year. traders are expecting an array of policy moves like cutting interest rates, and infusion of liquidity to prop up lending and the economy. according to a strategist at

nomura, those are already priced in. we have seen the euro weaken in the month of may. three-month low currently against the u.s. dollar. so if the draghi decision may actually have the reverse effect, if all of that is priced in, because according to a bunch of firms, sell the rumor, by the fact, may be at play here. there is a bullish euro etf, trades like a stock, fxe. you can buy that if you think the euro will rebound. or if you think draghi will surprise in a big way with edie monetary policy. you can get bette against the euro. for that to happen, for draghi to actually surprise and it to weaken as desired, he would have to pill out the big guns,

bazooka, qe federal reserve trial, asset purchases. this is considered a long shot because of the political impolitics and the excitement and the moves ahead of thursday, a lot of people are talking about it and trading on it, be careful. >> watch your shorts. that's the message of the day. thank you. sticking with the international theme. google getting shut out of china again. when it comes to the chinese economy, it looks like a story of good data, bad headlines, our chief international correspondent michelle caruso cabrera covering the story from englewood cliffs. >> the official data from china, which many do not trust at lately it looks better.

anything above 50 skugts expansion. the numbers there seem to belie the headlines coming out of china's business press every single day. the worst are coming from the property sector. noun performingperforming, in s look at the sales volume of primary housing. down nearly 35% compared to a year ago. beijing sales volume of primary housing, down 23% from a year ago. a region of china has changed the migration policy. the key thing there is to save the property market. the slowdown is so strong that they announced more easing measures to try and support the economy. there is a couple in the amount

of serves banks have to have to get a certain kind of living. the royal sector and small and local sized businesses have been ignored by the big state run banks. them see the slow jodown, is it bigger than -- is it something big, something systemic, if we see a big implosion. >> you reported this last week or the week before about a problem in the property. is it localized to the property sector, not that that is insignificant in any way. >> it is a very good question. what we have discovered is there is a lot of loans within the commodity secretarier that are tied to the property sector, like copper prices, the way you buy and sell copper is --

>> have so many -- it is hard to answer your question, basically. >> thanks for trying. michelle, down to you. >> thanks. we all know home prices. there is another hot area of real estate there as well. josh lipton is in san jose with the latest. >> reporter: if you're impressed by the prices in silicon valley, wait until you here what is going on in the commercial area. i'll have that story for you when "street signs" continues. a! ♪ foghorn sounds loudly ♪ what's seattle's favorite noise? the puget sound! ♪ foghorn sounds loudly ♪ all right, never mind doesn't matter. this is a classic. what does an alien seamstress sew with? a space needle! ♪ foghorn sounds loudly continuously ♪ oh come off it captain!

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♪ welcome back to "power lunch." interdigital soaring after they updated expectations far above street estimates. in addition, the company's also signed a multiyear royalty bearing licensing agreement with samsung. that stock is up 20% on that bit of news. in a special programming note, the ceo of interdigital, bill merit, on live on "fast money" here on cnbc, an interview that we'll all not want to miss. >> you're right, thanks. up town to the nasdaq where seema mody is following the stocks. >> off of our lows now. the nasdaq staging a little bit of a intraday comeback thanks to

big movers in the tech space. applied early thises, jeffries initiating coverage of a buy rating citing industry consolidation, 3-d chips and the furnish of man flash memory. broadcom upgraded to buy. now, a lot of focus on not just apple, but the broader apple ecosystem. morgan stanley says expect upside and services revenue. on the losing side, casino stocks getting slammed as analysts point to worrying signs out of macau. the gold market is closing. with the auto sales reports, we have seen a pop in other markets. the palladium market is up today. the copper market giving back. and co-max gold up just a fraction. let's check in on interest rates to the bond market where rick

santelli is tracking the action. >> if yes look at the chart of tens, we're up and, yes, we're continuing to have a formation staircase where once we get above the previous day's yields, we see that we continue to see more selling. open the chart up, to early february, this 256, 257 area is key. many believe that's where we go into the key data on wednesday and thursday with regard to jobs. here is where huge action has been. the ten-year span and the ten-year italian note had 25 plus basis points movement in two weeks from the 20th to today. they have fallen 25 plus basis points. this is going to be a hotbed of volatility. they're expecting a lot from mario draghi on thursday. tyler, back to you. >> we have heard about how crazy silicon valley's market is.

prices up triple digits over the past few years. josh lipton covering ajose. >> companies on the hunt for office space here in silicon valley better be ready to pay top dollar. commercial real estate prices are soaring higher. in the past four years, palo alto is up 75%. asking rents are triple the national average according to a real estate services company. as prices soar, companies move south to cities like sunnyvale and mountain view where prices have skyrocketed 115%. what is driving the market. tech companies are swallowing up inventory and sending prices higher. an estimated 10 million square

feet. google second with 9 million square feet. apple takes third with nearly 6 million square feet. the real winners in this red hot market are the real estate developers. they're rushing to build more office buildings. there is about 7 million square feet of space under construction in silicon valley. 75% of that development is already prereleased. they expect the real estate market to stay strong as long as big tech continues to thrive. >> josh, thank you very much. flying perhaps just got a bit more pleasant. you can now buy insurance against airline delays, lost luggage, and all those other conveniences. would you buy it? take our yahoo finance poll. i think i would buy it, would you? >> i would buy it if i was flying on a summer afternoon from newark to o'hare, from laguardia to d.c. on the shuttle with thunderstorms. i would buy it because of the

odds of delay are high. if i was going from tampa to phoenix, i probably would. >> we'll talk about it. one berkshire hathaway backed company is offering cheap insurance. and the guy who enjoys it joins us here. if you're looking to cash in on the bet, we have a list of airports that cause you a delay. we're back in a flash. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪

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welcome back to "power lunch." a battleground stock in today's trade is monster beverage. duelling opinions on this. citing weaker than expected sales group for the past couple of months, but bmo says it has more confidence in the company's ability to maintain growth momentum in the u.s. while strengthening the international financial results. i guess that's what makes a trade, a buy and seller. currently trading, down about 2% in the news today. back over to you. >> dominic, a terrifying moment there for a sunbather. my goodness gracious.

on the german island of h helgoland. look at him. missed him by inches. he ducked his head. the plane goes through and clips a fence. shorty got low, low, low, low. no one, happily, was injured. the plane landed on that nearby runway. authorities at jfk just wrapping up a large scale disaster drill on the runway. mark san tia was there. >> reporter: this training exercise is taking place about 100 yards behind us and it is not delaying any flights here at jfk. while it may look troubling here, remember, this is just a drill. the smoke sirens and adrenaline rush were all real. this disaster is a simulation. this emergency response exercise involves a simulated crash with the pilot of an international flight lost control upon landing with 140 passengers on board, played by actors.

they include several people of interest and a few people with a contagious disease. some role playing passengers are trapped in the cabin, and others manage to escape. mass casualties and the plane is leaking fuel. in just minutes, more than 400 first responders are able to mobilize and now they're answering a call for help. >> practice makes perfect. the more opften we do the drill, the better we get. >> this drill is crucial to keeping you safe in the air and on the ground. >> want to get as close as possible to reality. >> it needs to be as close to reality as possible in order to generate a heart pumping adrenaline rush for emergency responders. ensuring they get proper training and experience that experts say you can only learn from this hands on classroom. at jfk, mark san tia. well, have you ever experienced a flight delay or cancellation. what about lost luggage? now you can do something about

it. air care is a low cost flight protection insurance that you can buy up to 1 hour before departure. welcome to post nine. >> thanks for having me, sue. >> a terrific idea. i was surprised that someone hadn't thought of it before. tell me how it works. >> well, the customer pays $25, usually with their smartphone or computer. they can call us, they can fax us, they can gmail us, e-mail us, text us, any method that they choose, we can take their order. what the $25 covers is $50 in the event there is a travel delay. so s if it is up to two hours it deposited in your pay pal account, can be deposited through an electronic funds transfer or do something

old-fashioned like sending a check. >> but it seems it is almost insurance on your time. on the valuable nature of your time. >> an important element regarding time is the most important element of the coverage is called my assist. my assist, if you can imagine, i have all these little bumblebees in wisconsin and ft. lauderdale working for customers constantly monitoring flights through technology. the technology says there was a misconnection. that misconnection goes to one of these helpers. and they actually send a text to the customer in telling them their flight will be canceled. rather than getting off the airplane, running to the line, getting in line -- >> i've done that. >> definitely. >> is it frustrating?

>> it is. a lot of times with little kids in toe, it is a disaster. >> by the time you get to the gate, on your next flight, we have already rebooked you on another flight. if it is a misconnection, we deposit $500 into your account in the event you have to use a different airline, or it is going to increase the cost of travel. >> it is different than travel insurance in that the travel insurance you have to file, you have to -- this seems much more instantaneous in terms of the payment process. >> travel insurance, i've been involved with travel insurance since 1982. and innovated some of the travel insurance coverages that are offered right now. but what is most important is that we have set this up electronically so that we can instant takenio

instantly pay someone, let's say they have been on the tarmac for two hour, within two hours or 30 seconds, we deposit $1,000 into their account like that. no filing of claims. we know the claim occurred. >> we'll take a quick break and talk more about this. the different types of coverage you can get with air care and talk about those awful weather delays we experienced over the winter. when we come back, the airlines and airports you need to know about because you are the most likely or least likely to run into delays. guess which ones they are. ♪ ♪ drivers want to go further with their electrical vehicles. but you can't take a trip from lisbon to stockholm if you can't plan and re-charge along the way. the european commission is using cloud to make this possible. creating a single charging and billing network across 28 countries.

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and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. welcome back to "power lunch." look at acadia health care. buying partnership incare for $660 million in cash, to enter

the health care market. the acquisition will have a positive impact on the stock, which is as you can see there, up at session highs, plus 17% on the day. back over to you. >> all right. if you're a frequent traveler, this will not be surprising to you. according to the bureau of transportation statistics, the airlines with the highest on time arrival rates in the u.s. are hawaiian airlines, alaska airlines and virgin america. ones with the worst on time rates are express jet, southwest air. we're going to look at where air care may really be beneficial if you are a traveler. john, if you're traveling for business or traveling for a family, it seems like this is a product you could use. tell me the types of coverage. we covered the flight delays. but it groes beyond that, lost luggage, right? >> lost luggage. if it is lost for longer than 12

hours you get $500 to row place the items you're missing. if you're on a piece trip and need a suit and tie, it is going to be more. if it is lost or stolen, it is $1,000. >> wow. in addition to that weather delays. we saw thousands of flights canceled during this past winter. tell me how the weather delay function works. >> well, most people are going to purchase our insurance for all kinds of reasons. one of them is the my assist reason, just to rebook people on canceled flights as you indicated the statistics on some of the airlines. but if the weather situation occurs, hurricane, tornado, snowstorm, ice storm, just horrible weather. what we do is we ensure that the departure of that aircraft until it gets so bad that the airport is closing, and then we give notification on our website and

individuals are not allowed to purchase the insurance. however, right up to it, we have to make a judgment call, will that flight go or not. and we pretty much use noaa statistics to determine that. >> you need to call one hour before your flight departs. >> one hour is all we need. >> john, best of luck. nice to have you here. >> thank you very much. >> so would you buy insurance for lost time, lost luggage and other conveniences when you fly? that's our yahoo finance question of the day. 8% said, yes, definitely. 65%, said, no, it is unnecessary. you don't travel a lot. 27% say it depends where i'm flying to and the airline's track record. that last one dove tails with what you said. >> that's how i feel about it. if i was going on a route where

i think because of the time i'm flying and the airports i'm using it could be a problem, i would probably buy it. hall of fame quarterback dan marino joining the group suing the nfl over concussions. and did apple just clear the way for virtual currencies like bitcoin. seattle's $15 minimum wage. we'll talk more on the "power lunch." here at fidelity,

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take a look at that. it is a giant sandstorm descending on iran's capital, turning tehran an eerie orange red tass paas it passes through city and left behind a path of destruction. time for the power run. we're so busy here getting ready, we're already talking about it. with us today, morgan brennan, dominic chu. dan marino, who, according to the south florida sun sentinel, has just withdrawn his name from a lawsuit that was ostensibly

filed within the last 24 hours regarding concussions he suffered too. we have not independently corroborated, confirmed whether he has withdrawn his name, but that said, there is still a big lawsuit, several of them moving forward against the nfl, that may or may not involve hall of fame players of the ilk of dan marino. >> absolutely. and, again, the dan marino story is developing now. the south florida sun sent nall. if he withdraws, it would be a high profile withdraw from the case. we're working to see whether or not this story has turned this way with marino dishing out on this. this is about concussions and a host of other players. a final judge has yet to approve a settlement by the nfl with players to the tune of almost close to three quarters of a billion dollars. >> held up. >> it was held up earlier this year. i think whether he pulls out of

this or not, it speaks to the larger point because the federal judge tossed that case, held up that case because they say it may not be enough money to cover all of the nfl players. >> topic two. apple opening the door to bitcoin with new guidelines that aloud virtual currency tra transactions on eye phones a s ipads. >> apple hasn't said it will take on bitcoin, but you look at the main demographic, it is 25 to 40-year-olds males who make above average income and who are very tech savvy. any kind of move to target that demographic will be a good thing for apple, for other tech companies, for advertisers. >> there has been lots of speculation about apple trying to become a real payment platform. >> of course. you know why? because it is your virtual wallet. no matter what kind of smartphone you have, if your transact in bitcoin, you're doing it over your mobile

device. that's why it won't be out of the realm of reason for apple or anybody else dealing in mobile payments or facilitating mobile payments to want to accept bitcoin. this is the next step in this particular saga about whether this is a legitimate currency or not. >> i think it is the death of the check. >> the death of the check has been around for a while. >> i'm back in 1976. seattle raising minimum wage to $15 an hour, highest in the nation, double the federal minimum wage. >> not in seattle, my dad is has a burger king franchise owner here in new york state. this say topic of discussion over the dinner table. and the reason why is difficult to target a burger king. >> why is it different? >> you're talking about franchise, small business owners. you look at a burger king or mcdonald's or dunkin' donuts. corporate takes their cut off

the top. >> part of the franchise fee. >> cost like minimum wage, obama care, $5, two for one whoppers, those are cuts that hit small business owners. >> we have to leave it there. you have some ideas. >> she's very passionate. >> i'm good. i'm good. >> you're good. thanks, guys. >> i still write checks. coming up, top of the hour, we have herb here. we'll talk about what he's callical calling apple's extravaganza. do you have kids in public school? the shocking stats that affect your kid. lots of things coming up the top of the hour. join us on "street signs." weekdays are for rising to the challenge.

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show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful. gotta admit one thing... ...can't beat the view. ♪ introducing the world's first curved ultra high definition television from samsung. welcome back to "power lunch." g3 apparel raising higher after it raised its full year profit targets after posting a surprising first quarter profit. it reported sales growth in the

fourth straight quarter. g3, which makes licensed apparel trading up 5%. tyler, sue, back over to you. >> all right, sue. i guess that's about it for "power lunch" today on a beautiful tuesday in new york. >> i'll see you in a few. "street signs" begins right now. ♪ because i'm happy clap along if you feel like a room without a roof ♪ >> welcome to "street signs" didn't i can't stop doing this. welcome to "street signs" where we're bringing back the hopeium. good news, the stock market understands, but the media doesn't. plus, how auto sales are shocking everybody. and what happened to herb greenberg on the streets last night of new york city that has us all talking. >> today is only the third time in 12 sessions, folks, that the dow and the s&p 500 moved to the downsi.