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tv   Power Lunch  CNBC  June 9, 2014 1:00pm-2:01pm EDT

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on let's do final trades. pete? >> regis financial, there's upside buying there. >> joe? >> texas capital bank corp. >> hd supply, good quarter tomorrow. >> anadarko. "power lunch" is right now. halftime is over. the second half of your trading day begins now. >> scott, thank you very much. the markets are at all-time highs. could we break down 17,000? could we do it today? pretty much any machine we could with a small rally. where is the individual investor? that's our top story today. why aren't more people jumping? full coverage in 30 seconds. another big story in our first segment, college loans, president obama changing the rules of the game today to make
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life easier for people holding college debt. for taxpayers there's a down side. diet drugs, several public companies behind this class of drugs are having big trouble selling them. the stocks are down, slimmed down you might say. it a good time to bulk up on these names? let's check in with sue at the nyse. >> hi, ty. good to see you. the top story is the markets as the dow inches ever so closer toward 17,000. dow jones industrial average is up 21.6 points, 16,945.96. year to date we're up about 2.3%, s&p also starting to flirt with a milestone. that's 200, of course, and the s&p is a 1,952 today, up almost 6% year to day, so so far pretty good. bob pisani is here with me. not a bad monday with the bulls. >> i'm worried.
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>> what happened? >> over the weekend all of a sudden the bears have capitulated. people seem to be throwing in the towel. this is the most hated rally, ever. so hear's your headline. "wall street journal" today, they said themselves, clear skies for u.s. shares. does that not make you worry? stocks are not overvalued. you know the drill. when beam start getting bullish, i get worried. merck is buys, my friend that covers this says that companies -- that's not a typo, 232% gain. it's dragging dozens of biotechs up with it, some of it leek celldex therapy, we're back again to the biotechs being on in a very big way. low rates means home builders are back.
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we've had this enormous three-day rally, many of them up 6, 7, 9%. speaking of low yields. this morning e-mails all over, spanish bond yields now below u.s. bondees. as a sign that everybody is saying etf leaders, it looks like january again, socl, that's all the twitters, facebooks, all on the up side. transports doing well. the xsd, the semiconductor index also up. these were the leadership stocks back in january. it's not really emblematic of what is going on. we've seen rallies in groups, then got hurt, now come back. >> but the market likes big round numbers.
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that's what they're focusing on today. i'll see you later at post 9. ty, up to you. >> sue, thank you very much. there are still a lot of questions about individual investors and morgan brennan has been covering that story for us today. there's still a lot of cash out there. >> there is still a lot of cash out there. despite the markets near all-time highs, americans are keeping more and more cash on the sidelines. a new state street survey shows they're holding on average 36% of their assets in cash. that is 10% more than just two years ago. so let's start with the stats. americans are banks a record sum, $7.3 trillion in savings and money market accounts. that's according to med services analysis of fed data. plus another $1.6 trillion in checking accounts. so that's a total of $8.9 trillion on the so-called sidelines.
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but where should you stash your cash? we've done some calculating for you. here's what we came up with. a savings account, carry an average annual yield of 0.08%. now, if you had to put $100,000 in one of those accounts for the two years, here's what you would end up with, $160 before stations. if you invested that same sum in the s&p 500, you would have pretack, $147,000, 212. now, according to state street, folks are hanging back because of fear. perhaps it's no wonder. thurp burned by the downturn. many who are investing are doing so in alternatives to stocks like hedge funds and real estate, which investors called their best investment to date. two things experts say could pull more money back into stocks? growth and earnings. if growth and earnings continue to improve, and good old-fashioned time, especially for younger investors to gain trust in the market.
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>> morgan, thank you very much. the market kicking off a new trading week. the s&p on track for its seventh record close in the past eight sessions. but we also have low volatility and low volume. how do you invest in this environment? aroundi cecilia and carmine are here, welcome, gentlemen. nice to have you here. carmine, i'm going to start with you, if i could. we do have low volatility, yet the market keeps marching higher. >> interest rates have dropped and the fact that european rates continue to follow, you can see
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this is a favorable environment for investigates. 10 to 12% is what we're looking for. we think the mid single digit here, the real activity is beneath the market level. a couple stocks, we like the replacement cycle pieces, that is during 2008, 2009 there was a significant downturn in capital spending on plant equipment.
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>> carmine, one of the things that traders down here, and i emphasize they are traders, not longer-term investors. they're worried about low volatility. does that worry you at all? the reality is it's not the equi equity. i think that's where we're at. we're at a stage where you could see greater involvement by individuals, and that's a big plus. >> do you agree with that, ernie? does volatility matter to you if you're a long-term investor?
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>> volatility, sue, does not matter to us as a long-term investor. we would use episodes of volatility to establish long-term positions. i think that the slow growth of the economy, the broadening, and the decline in interest rates has continued to keep a low volatility lid on this market. however, beneath the general market level, there is volatility in groups, one of your previous segments talk about biotechs, for example, and also social media stocks, so that's an issue. kar mine, would you put any money to work in emerging markets? or in europe for that matter? would you stay domestically focused? >> because economic activity is having trouble accelerating in europe, i would focus here in the u.s., especially given the rate differential is very, very different. it's narrowed considerableably. this is a perfect environment. if you go back in history and look at the bond market, when
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they have this kind of move. i would not necessarily -- >> i placed that emerging markets question to carmine, but i'd like to talk to you about russia. we saw that market plummet it's back where it began. bullish sign or not? >> well, i think it's a bullish sign in confidence, sue. i want to answer it in the context that we don't participate in are you familiara. from that said, there's at least two reasons why they have come back, if you will, and stabilized. number one, there seems to be at least some general agreement that haz a din minuteishment of problems with the ukraine, new election there, and perhaps
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putin and the new president in the utrain will establish some level of discussion and calm the fears. >> number two, i think the big deal with china has been an issue. one of the concerns is where's russia going to sell the gas to the west? so now they have a deal with china. i think those are the two issues that have helped. >> thanks, gentlemen, good discussion. wells fargo say that june gaming revenue growth in macau was -- they're all moving lower, anywhere from 2.5 to cloud to 7%. back over to you. thanks so much, dom. for many, a concern is college debt. today president obama is changing some of the rules as it
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applies to debt and loans. a key announcement is set for later this hour. john harwood is waiting for it at the white house. what do we expect to hear? >> what we expect is the president will use his executive authority to expand eligibility under a law that was passed in 2010. we all know that new laws, new initiatives are not being passed by congress this year, president obama and republicans both locked in for midterm elections. what he has done is tried to adapt and expand a program that was passed in 2010 that told people who were receiving federal student loans, or who were going to receive them prospectively they could have their repayments capped at 10% of the monthly income. after 20 years of payments if you hadn't paid it off, your loan would be forgiving. in 2012 he expanded eligibility for that for people already in college in 2007, so, in other words people who are freshmen when the law passed, and that
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added about 1.7 million people into the program. now he's gone to people who had graduated by 2007. nasty anybody who borrowed before october 2007 making those 5 million people eligible for the 10% monthly cap on your repayments. the administration's argument is given the average debt lot of $29,000, that that's suppressing a lot of economic activity, home buying, that sort of thing, so he's making that eligible. the republicans have been responding not by questions his authority to do so, though i wouldn't be surprised if some people do raise that question, but responding by saying this does nothing to provide jobs to people who are out of school or does nothing to make college more affordable, tyler. >> john harwood, thank you very much. we'll await that statement from the president presumably this hour. on my left is dan schwable.
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>> and erin just published an exhaustive survey on the mill lennial and money. they have a lot of student debt. i read in the survey that these mill lennial as a group, they're as happy as a pharrehl song. >> they do is a 42% of them the amount of debt is their biggest financial concern and h4 in 10 are overwhelmed. >> roughly half are paying what percentage of their income to service debt? >> more than half their income to service debt. 56% are living paycheck to paycheck. >> and the constituents of that debt, i think we have a graphic up there is credit cards is the biggest hunk of it. student loans second. mortgage is third. well there's car loans, too. >> actual le credit cards,
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mortgage, student loans, auto, medicare or medical expenses, it's all an overwhelming amount when you this i about it. >> they say they kind of got religion about saving as a result of the recession. >> 80% said i need to save now in order to take care of financial emergencies. only about 5% are saving. >> let me turn to you, dan. is it your impression that people have a rossier view in this age group, a rossier view of their financial present and future? >> they're overconfident, extremely optimistic if you compare them on other generations, and honestly it's not bad for them. a third don't think they'll have the same standard of living as their parents did. that's a huge problem. >> one of the standout findings that i found is that women are both more uneasy than men as a general group about their
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financial present and future, and the wage gap really persists, maybe even more pronounced in this age group than others. it was efr. >> it was very surprising, over a $20,000 gap, and men are investing in the stock market more, more optimistic, and that's a huge issue. hopefully that gets corrected soon. >> if you don't have more income, it is much harder to save. >> it has ripple effects. they're less happy with their savings, less comfortable with the amount of debt they have, the financial prospect don't look as positive, and frankly their career opportunities look more limited. >> how much do you think the president's proposal can help? >> it's not going to take an effect under next december, and tuition rates are increasing about 2% to 6%, so it's still a huge problem for them long term. >> you think about it. today they're paying 12% of the income, it takes it down to 10%. it's not like it's a windfall.
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>> we're looking to whom these folks trust. they trust their parents a lot, more than professionals like you. >> that's where they go. it's the exact opposite from boomer, parents first, financial institutions and then financial advisers. that's why we think parents play a big role in financial literacy and role modeling. >> do you think there's a big education gap, dan, in terms of financial education for this group and really across the culture? >> huge. when was the last time anyone took a personal financial course in a college? even if you get a job, you don't know what to do with the money when you get it, and you don't learn. if your parents aren't good with their finances, that will come to you. >> 69% of men say the stock market is the best place to invest for retirement, only 49% of women do. why do you think that gap persists? >> you know, it is a question that comes up all the time, with the surveys we have done. we've seen less women are less confident, less engaged, less
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comfortable with the market. it's hard to say exactly what drives that. >> earning less that is something to do with it. >> i have less to invest. when i have less, i'm less confident putting it into a yisky place, which is what the stock market can be. >> thank you very much. welcome, as always. we appreciate that. all right. let's get dan -- we just did get dan to react here. sue? dig me out of the hole. >> i will, my dear. here's a lifeline for you. a lot more ahead on "power lunch." would we're watching the markets, of course, but up next, the age of cars on the road here in the u.s. is getting rather long in the tooth. which stocks could get a bump if the american drivers start upgrading en masse. that's up next. plus the "l" world -- liability for big companies that move a lot across the country, including fedex and walmart. we'll talk about their liability when "power lunch" comes back in two minutes' time.
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welcome back to "power lunch." the utility stocks are among the worst in the s&p 500 index today. they're down today. and leading the way is ppl corporation, america electric power, pg & e, dominion. you name them, utilities are losing their juice. they have so far, sue, been
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among the business performing stocks in the trade so far this year. back to you. >>dom, thank you very much. are you driving a car built in the '90s? join the club. the new study thoughs shah the average age has hit an all-time high of 11.4 years. it was 9.7 years a decade ago. gm, ford, toyota and honda today kind of mixed on the trading session cars is an etf following the industry. that's a way to play it. tracy morgan is recovering following a car crash on the new jersey turnpike that left one person dead, two others critically injured. a walmart truck driver has been charged with death by auto and four counts of assault by auto. authorities say the driver apparently failed to slow for
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traffic ahead, swerved at the last mind, and instead smashed into the back of morgan's limo bus. morgan sura broken leg, broken femur, broken nose and several fractured ribs, is expected to remain hospitalized for several weeks. let's bring in eamon javers. the liability issue looms large here. how do big companies who drive trucks protect themselves and the public. >> that's the real question and the short answer is it's complicated. once these accidents happen, the lawyers immediately start to look right at the scene of the evidence for evident about who was responsible here. obviously all eyes will turn to walmart in this case. we had a statement from the president of walmart, saying the facts are continuing to unfold. if it's determined that our truck caused the accident, walmart will take full responsibility. but making that democratation can be tricky. the liability in these instances can be divided among the driver, the company involved, and any
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third-party contractor. obvious times large companies will hire independent contractors to run the routes for them. not clear whether that happened in this case or not. the lawyers will start typically with a placard right on the truck that discloses who has the insurance coverage in this case. that's the first place they'll go to to seek relief for any clients who decide to sue in this case. they'll also look at the driver's medical and driving history and look for any mechanical defects that were involved. is also look right at the bill of lading, that's the document carried inside the truck that has who owns the load, where it originated, who the load is being transferred to. all those details will kim into may, but i talked so some lawyers today that said the possibility is lawsuits will emerge from this and they'll hit every sing the player in that chain of custody. >> eamon javers, thank you very much. breaking news right now on
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lockheed and we go to jane wells in los angeles. >> lockheed martin's ceo is doing a media briefing as shares are close to the all-time high. she updated on the f-35, the most expensive program in pentagon history. it will debut at farm borough, the air show next month, and says it appears to be on track for the u.s. marine corps to have the first ones ready to fly next year. they talked about a couple things about the sr-72 aircraft concept, which if it goes into production, it will have mach six times the speed of sound and she's talking about international sales currently around 17%, she hopes to get those above 20% in the next year or so, but in terms of r & d, the emphasize on hurl focus is not defense related. there was a lot of talk about the growing world population,
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and that lock heeled martin is working on a molecular water filtration system to make even saltwater drinkable, new energy research they're doing to convert ocean thermal differences into energy, tidal power, wave energy, and using robots not for defense. she emphasized for agriculture, disaster relief, energy exploration and fire fighting. i think what's most telling about this is while they are still a defense company, much of marilyn houston's focus on this call is talking about all the other things that lockheed martin hopes to do, at least as war dies down or defense budgets tighten up. >> absolutely. they have to continue to evolve. jane, thanks very much. if you're looking to invest in oil and gas companies, it's all about the stream. dominic has more. >> don't cross them, right? coming up we're going to look at the upstream companies, the companies at the very heart of
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the energy industry. they're the ones who drill and get oil and gas out of the ground. tal be a big trade. over to seema mody at the nasdaq. >> dom, investors are watching shares of apple today after a 7 for 1 stock split, but which company could follow apple's lead? that's up next on "power lunch." 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. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪
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we have a downside buy in copper, platinum and palladium, the silver market is up a bit. ty, to you. time for sector-gnomics. we've got the guy who will take us, i guess, upstream. >> downstream was the last time we spoke on "squawk box." this one will be earlier. we talk about the downstream companies, the one that refine crude oil, turn it into things like gasoline and jet fuel, so refining and then marketing. now we'll look at the upstream ones, the ones that kick up the whole process, getting gas out of the ground. they're also know as e & p or exploration and production companies. they e & p companies are up a hefty 16% with that fancy might be so far in 2014. they're being driven by gains in companies like new field exploration, for one, which focuses a lock in the mid
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continent and rocky mountains. then there's a company like eog resources, with operations all over north america. most assets are right here in the u.s. that stock is up about 31% so far year to date. you can see it, a very nice move. how about a bigger name like anadarko petroleum, extensive operations. these are exploration and production companies. now, if you want to take a more diversified approach, of course there's an etf for that. that is the xop, the ticker, the oil and gas exploration and production spdr, the etf, the exchange-traded fund that tracks them. you can see that fund in particular is up about 15% so far this year. all three of the stocks we just membersed are part of this particular etf, as well as a host of others. it's just one more way to play that industry from a more specialized perspective.
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stay tuned, because in "street signs" in the next hour, we'll look into how the natural gas play fits into the overall energy trade. that's why it will be big. streams upstream and downstream in the next hour, sue. >> looking forward to that. breaks news for steve liesman, some fed commentary. >> some interesting and new commentary from boston fed president first he says it won't be appropriate until one year of considered to be full employment and 2% inflation. haven't heard that particular arrangement or thought before, but more interestingly, his comments on reducing the balance sheet. he said the fed could taper the balance sheet size and compares it a lot to the taper right now of quantitative easing. for example he says the fed could set a percentage of balance sheet roll-off that won't be reinvested, and the fed can gradually increase that
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percentage, 10 billion, 10 billion, 10 billion, until finally it's not reinvesting any of its portfolio. finally the fed president speaking, by the way, in guatemala city, saying the fed is giving considerable attention to stability issues -- this will be a trial balloon being floated out. we've had that before with other issues with regard how to reduce the balance sheet, and now comes this from rosin krantz. something to follow. >> thank you very much, steve. shares of apple began trading at the new supplies-adjusted price. seema mody has the latest, and also a look at what other companies could be next to supply. seema? >> that's right, to figure out which stocks could be next to split, let's talk about the most expensive. primeline, gram holdings and google. high price alone doesn't necessarily mean a stock split is coming. howard siloblat says in addition to being a highly price sought,
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they could be ways to broaden the shareholder base. and amazon, as likely candidates, but keep in mind stock splits aren't that popular these days in 2013. we saw 14 companies split their stock compared to 37 in the year 2006, but because of the decline in stock splits, the average price of a stock on the s&p 500 has nearly doubled. current average, $81, up from $41 in the early 2000s. so far this year, five companies, not include apple have supplied, three of which are trading lower. back oirch to you. >> let's go back up to dom chu. >> so, sue, check out what's happening with converse. this is a software provider, and it's reporting a wider first-quarter loss. it lost 14 cents a share in the same period last year. they're citing the losses on costs related to the ongoing
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transformation, the turnaround story. that stock currently down about 7.5% in today's trading. back over to you. >> dom, thank you. the fast is expected to approval a new died pill this week. will anybody buy it? meg tirrell has more. >> >> this market hag high on hopes and low on delivery. i'll have that story next. care what age you are.
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welcome back to "power lunch." check out what's happening with time inc., following a spin-off from the parent company time warner. the move comes as magazines are beset by declining circulation and ad retches, they're off session lows, still down by about 3.5%. time warneder is up. remember, for time inc., sue, it is a part of the s&p mid cap 400. >> thanks for the reminder, dom. rick san tellest is checking the action for you, and he's at the cmi. hi, rick. >> indeed we're still digesting
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the number from friday. the rings have been 260 to about 262.5. we settle at 259, but if you open up the chart to may 1st, you see what technicians are calling important. any ooh we've had several 260s. i tell you, it's going to be a real close call, as we dip back to 260. remember the low-yield close was 244. if we look at the euro versus the dollar today, after everything we've been through with the ecb, it's drifting. how low? open the chart up. we haven't closed below this level since early february. it is very significant considering most of the time you get a bodeload of volatility. we want to pay close attention to this one, with the notice that we have 15-year wides on bund versus ten-year yields. >> thank you so much, rick.
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we appreciate it. you're up to date on the bond market. amazon launching a new subscription payment service for other companies today, encroaching on turf dominated by ebay's paypal, the service allows amazon customers to store credit card information on amazon and use them to pay for various monthly services like phone bulls. tyson foods offering for hillshire brands, topping last week's bit by pilgrim's pride. the bill is conditioned on hillshire ending the previous deal to acquire pinnacle foods. merck is buying idenix to expand the hepatitis-c portfolio. ty, you're up to date on the headlines. in a drug market that has slowed very dramatically, or meg tirrell is following the story. >> most analysts expect approval by wednesday.
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they would follow two other drub makers, vivus and arena, and with more than a third of adults considered obias, expectations for the drugs were high, unfortunately they fell flat. those were the first to hit the u.s. market in 13 years. there were a lot of safety concerns plaguing this market, a lot of obesity drugs were pulled from the market, so it was really an uphill ballots. analysts think this might be a different story. they had to run a bigger safety study before they could reapply for approval. analysts think that could help them make a difference. the big pharma partner with cicada. they also have experience in diabetes, talking to a lot of the same doctors there. the combination of drugs that major of contrave and includes an antidepressant that's already
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approved. also looking forward to an ipo that could price this year from a company call zakgen, so really looking at how this is changing. >> a lot of cross-currents. there is that skepticism. let's go to jon fortt for a developing story. >> thanks, tyler. interesting fib facebook and ceo zhukker berg are being accused of wasting corporate assets. a shareholder has filed a suit say nonemployees members are paid an average of $461,000 last year, well above industry averages, but google pays its directors right around that amount as well. the suit asks excessive compensation to be recouped and restrictions be imposed on the board's ability to pay its members. a facebook spokesperson tells the nbc that the lawsuit is without merit and we will defend ourselves vigorously.
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that's a quote. >> jon, thank you. the fight against the ncaa over who controls the rights to college athletes' names and likenesses. plus are you insured when you shop in an uber-car? and hershey said one edibleport company's products are too close. that's coming up. oh my god! look. you need to see this. 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.
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it appears according to huston, that that will not be a problem. of course, she supports producing new engine here in the u.s., so that is very expensive, which is why we buy the russian engines. very critical, he of course makes his own engines, would like to eventually do some of those satellite launches. when asked about space x, marilyn huston said we love competent session, reporting that lockheed has -- on driving down costs. guys, back to you. >> time for the power rundown. and let's get to it. do college athletes deserve a cut of the billion generated by the ncaa from all those tv and video game deals. ed o'bannon is in a california court this week to end what he
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calls the amateur cartel, once and for all. could this end amateur college sports? >> this gets my dither. i get we should be having the debate about the likeness of your face, you know, in a video game. that being said -- >> let me jump in here, because you've been busted by the president of the united states. don't be offended here. he's coming out to talk about new rules pertaining to student loan relief. and he is obviously in one of the sermonian rooms at the white house. we'll keep you updated on that, and come back if there's anything. we've son of outlined the plan here, limit the amount that people with student loans would have to pay, and morgan, the
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president interrupt you there. i'm so sorry. >> i mean, come on now. this gets to my point about this. at the end of the day, the essential contract, the fundamental contract between college athletes and colleges is the fact they are trading their athletics for an education. heaven forbid they do get injured, they can go out and use it, at the end of the day there's a failure to deliver. that's sufficient compensation in your view. what about when a school is making a lot of money -- >> a lot. >> from the likeness of rg3 or johnny manziel, or. >> gentleman dave onclowney. >> the basketball players don't stick around long enough for you to know them form. >> here's the thing. the debate will be around for quite some time. it comes down to whether or not you think the value that you give to the college is commensurate with the value you get out of it. you would say the education is
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worst something very, very significant. however, if the case is being made that if you're making thousands upon thousands, because you're licensing my image to somebody else, that's the big deal. >> maybe some of that money ought to go into a fund that takes care of medical insurance down the road for these people who end up getting injured. we could have spend the whole topic on that. i can tell you're fired up. i love when that happens. last week it was burger king that god yo-- got your gizzard. how about an uber under fire. >> this is an emerging type of -- we don't want to call it technology, but a new product, and this new product will come through regulations gradually and gradually. what you have right now are really a native type of industry where you don't you don't know
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what's going to happen. you may be in an accident and may not be insured, but that's not to say it will always be like that. as they companies mature and evol evolve. >> i want to know. >> i want to know -- >> whether this is a cowboy driver, you know. >> dom just took the words out of mire mouth. it will be the wild west, then regulations. colorado is actually the first state to roll those out as of last week. >> here's sue, in the colorado dispensary, claiming they are pot-infused candy knockoff ganga joy has tarnished the iconic brand, the almond joy? >> do we have any images? >> that's too bad. >> take a look online if you can. they do look very similar. i think this points to a larger issue, that's the fact that there are against regulation in
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an emerging instrument. it's come under scrutiny, because you've had two dozens poisonings, including children. >> pot-infused edibles, kids have eaten the candy? >> it's a branding thing. >> this is hershey trying to protect its turf. their image is across deck daze, and whether or not a company comes in to use, perhaps, the argument is, the likeness of those products to sell their own, that becomes an sure. that's why they're so peeved about this thing. >> i guess we're going down to sue. >> we are indeed, because the president is speaking on student loan debt, and announcing this new initiative. let's go to john harwood for more details. >> sue, the president is laying out the initiative that we talked about a while ago. making people who borrowed student loans before october 2007, that's about 5 million
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people, eligible to repay at a rate of 10% of your income, no more than that. this is to dramatize the savings. there's a young man with the president who had $75,000 for his undergraduate and mba, his repayment would be $837 under standard repayment, but under this program, which he's already eligible for, would only be $200 a month. so it could make a big difference for people. the white house still cannot say how much this will cost. they say there will be a one-year comment period on the regulations, and we'll see in the back and forth whether they have to fine-tune that because of cost concerns. sue? >> john harwood, thank you very much. "power lunch" is back in two minutes. weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner,
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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. coming up on "street signs", one man says this may be the worst airline in america. we asked him why. also, as all these crazy valuations are being thrown out, like what uber might be valued at. we speak to a rival about that.
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a lot of things coming up. that's in fine miving' time. back to you on "power lunch." but, manufacturing in the united states means advanced technology. we learned that technology allows us to be craft oriented. no one's losing their job. there's no beer robot that has suddenly chased them out. the technology is actually creating new jobs. siemens designed and built the right tools and resources to get the job done. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline.
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that's health in numbers. unitedhealthcare. tack a look at the russian
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exchange. the index rallies about 4% since the end of february. here's the biggest etf tracking that index, and it is higher as well, by half a% in today's trading session. our markets have been holding pat. the dow is up almost 16 points on the trading session. it's trying to hit that 17,000 level. we'll see if it does it today. it could easily do that. we're up two points on the trading session at 1956.50. the nasdaq composite is up 14 points at 4335 had the 42. winners in the market, family dollars, last trade up almost 13.5%. dollar general, of course that's after activist carl icahn disclosing a new 19.4 stake in family dollar friday. so this is the first reaction
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after the closing bell. the latest activist to invest. icahn is now the largest shareholder, bringing the largest total share to 23%. dollar general andal alog devices are also in the spotlight. >> do you think he's ever been in there. >> no, i don't think so, but you never know. >> that does it for "power lunch." "street signs" begins now. well, there you heard it. stocks are up once again. everyone just kind of settling in for the summer. hi, everybody. the president will push his latest college aid plan. coming up, we'll try to find out why college costs so darn much in the first place. plus the stat that may make you bullish on the car companies. we debate, what is the worst airline in america? >> seven is my lucky number, brian,

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