holding in a tight range today. that's how it's been of late. >> atml. >> hmm ess, i like it. >> water technology. >> jetblue. go, rangers! that does it for us. have a great rest of the day. "power lunch" starts right now. instead it does. thanks, scott. simon is in with me today. great to have you here. where condo owners. let's start with, and diana has more from tampa. >> reporter: we learned today a judge has ruled had will hear this argument in court. investors claiming they can force these condo owners to sell at huge losses and turn these

condos into apartments, the owners say their homes are literally being stolen. itches i never, ever contemplated that somebody could come in and just take it from me. stephanie bought her condo at just the wrong moment which florida home prices were about to come crashing down. she put 20% down on a $163,000 unit. now she claims investors are forcing her to sell for just $50,000, as they convert this condo complex into rental apartments. >> the termination process is just for the financial gain. >> that's why jackie and the remains owners are suing. most of them bought at the height of the boom just before tampa homes lost half that are values. many of the owners are under water on their mortgages. >> yeah, i made a terrible financial decision to buy in at the time i did, but i did it. i'm a big girl, and i've dealt with that. i've continued to pay my bills. >> the facts alleged are sufficient to state the claim. >> reporter: at issue is a new florida law which says if 80% of

owners agree to terminate the condos, the others can be forced to sell. the law address if 10% oppose, they can block the sail, but the investors here who own 80% of the units say the bylaws of the condo override that. the investors decline the question for an interview, but issued a statement, saying the steps will add value to the property, provide desirable rental homes for the market and improve the enabled while adding to the county's tax base. >> they don't care. to them it's business, and to us it's everything. >> the owners here are not alone. cases like this are springing up all over the state of florida, where about 340,000 apartment rentals were converted to condos, many converted back. more on line. back to you. >> still to come on future programs, diana, thank you. meanwhile, general motors has

hosting the annual shareholder meeting. the stock is down about. >> it was aye a short meeting, phil? >> short and uneventful. first of all, no update on the recall. mary barra talked about the culture change which she's calling on the entire company to commit to. she believes from talking to employees, general motors is moving toward changing its corporate culture. >> our message has been clear, as i've said, to clear things we need to do, is do the right thing for those who were harmed and do everything -- i am committing along with the leadership team in our power to make sure we create the right

organization, the right processes, support the that this never happens ever again. >> reporter: a small group of protesters were rallies in front of headquarters as they were yesterday afternoon. that group includes the parents of two women who were killed in recalled gm models. one of those parents told me he believes that mary barra is sincere when she says she wants to change the company. >> i got a chance to meet mary personally. it appears that she's trying to make things happen. but we've got to make sure that things like this don't happen to someone else. >> reporter: shares down about 10%, 10.5%, well below what the market as a whole has been doing. the bottom line is no fireworks today and over the next few

weeks, it will be the compensation fund. oil prices falling from the earlier highs, but oil is up for the week as a whole. one reason for that, new fighting in mosul, an oil-rich pardon of iraq. numerous reports say iraqi soldiers abandoned their posts amid an on-slaw. the rebels are believed to be a part of the islamic state of iraq, which is linked to al qaeda. the rebels invaded mosul, it's a strategic part of iraq. we have more on iraq's oil and what the traders are thinking. >> it's being called a imagine defeat after sunni militants seized pivotal areas in iraq,under scoring the political instability. remember that iraq is opec's second largest member and mosul

is iraq's second largest city and very important oil hub. continued instability in iraq is prompting residents to reduce their full-year, the oil ministry right now estimating that they'll seek 4 million barrels per day, but analysts lowering their number by the end of the year. all of the traders are telling me they're watching geopolitics closely, because there's no -- it's these issues keeping prices high. back to you. >> jackie, thank you very much. serious fighting also plaguing pakistan today. there's been a major terrorist attack in the city of karachi yesterday the taliban attacked the main airport. today a group of gunmen on motorcycles attacked a security training center before speeding

off. there were no major casualties today, but enough to trigger panic after sunday's all-night siege at the airport. in that attack, at least 34 people were killed. back to headquarters, bertha coombs has a market flab for us. >> check out innovo pharmaceuticals. street accounting citing articles by adam fierstein saying the ceo joseph king knows that the vaccine for cervical cancer is in trouble, and he's back-stepping as he prepares to cushion investors for the v vaccine's failure. thank you very much, bertha. the market overall, of course we were at record highs on the dow and indeed on the s&p. we've come back down from that level, still very close, of course, to dow 17,000, you see there 16, -- we could make it.

>> we could. >> a surge late in the day. >> we could. let's bring in seema mody, and dom chu down here with us, normally at headquarters. i only wish it was more exciting for you here. >> guys, it's always exciting for me. i get to hang out with all these guys here, and the general feel we have today is it's a bit of consolidation, not a lot of heavy volume, only about 247 million shares have traded so far. the big deal is about whether or not we can break through those highs, as you said, those averaging, as you can see are really trying to struggle to make those highs, but on some winners, we have consumer staples down about we'll call it 0.15, technology has broken near to the up side, at one point all ten sectors were low eers the

loser side of things is interesting here. and one defensive, a telecom sector that's at least to the down side here. both of those are the leading decliners, as we start to look at where we are in the it's consolidation. to see this kind of they still are pretty low, so we'll see if that picks up into the afternoon session. >> to say the least. let's bring in seema mody. she's at the nasdaq. we should mention that you have not been able to achieve in the last 24 hours the record highs, not on the broader market. >> absolutely. we've quite a ways away from that. when you look at the intraday chart of the nasdaq after what has been a stellar run for the nasdaq composite, one specific

group of stocks we're watching today, the stock that is do business in macau. we've seen a lot of instability. today ubs downgraded las vegas sands to neutral from buy. now, in terms of beirut spots, social media, a pocket of strength here. facebook the best-performing stocks, news that ebay -- lastly we have to point out apple, currently at session lows, reporting that the european commission will launch an investigation on to apple's tax arrangements in ireland. still up fractionally on the day. sue and simon? >> thanks very much, seema. well, the world cup in brazil begins in about 48 hours. today there is yet another sign that the country is not -- i repeat -- not ready. that's coming up next. plus morgan brennan on

jetblue's new plan to fly. >> reporter: jetblue is launching the first-ever premium service. we got an up-close look, and i mean really up close. that's coming up next. e financial noise financial noise financial noise financial noise

glee targets at session lows today. he comes from general motors

where he was the chief of information security. the stock is currently trading down about 78 cents or so, though it's been six months, sue, since this has happened. it's been a rough time for target. >> it sure has. thank you, bertha, very much. a worker was killed and two others injured when a beam from a monorail being build in it's a long list of projects that will miss the deadline. eight people have died during construction in brazil so far. seats in jetblue are no longer created equal. morgan brennan is at jfk airport with a look inside jetblues new setup. take it away. morgan. >> reporter: thanks, simon. we are inside one of new airbus

a-321s that jetblue has equipped with the first-ever premium service. it will begin flying between new york and los angeles this weekend. in the meantime, we test-drove the service in a 90-minute flight simulation. here's what we saw. 16 live flat seats, including four suiting with doors that can comfortably fit someone as 6'8". adjust for firm mission, the toiletry kits are provided and entertainmentwise there's 100 channels of directv, a charging station for electronics, and free in-flight wifi that's been upgraded with enough bandwitt to actually stream video. the food is pretty good. i had a tapas style brunch, plus organic lemon ice, and a gourmet brownie. you can even order a cappuccino, this is all part of a three-year design overhaul that includes

bigger planes and a streamlined economy class. mint service starts at $599, running up to $999. that's still significantly less than bigger competitors like delta and united. that is a smaller carrier hopefully they can pull in or steal away from the highly valued trans-con corporate travelers that the entire industry is competing for now. >> wow, really nice. >> really interesting. thank you, morgan. starting next year, yes, you guessed it, miles will be interned on dollars spent rather than on the distance actually flown. who stands to benefit and who stands to lose? kenny grant is here with the details. i guess business partners -- the ordinary value customer gets the worse deal? >> business customers will be

the ones who benefit. really this is not going to help them at all. at the mean in most cases, really no travelers, the miles you earn are substantial less, something going from, say, new york to san francisco, you're going to earn less than half the miles that you might, unless you end up with a very expensive last-minute ticket. >> i get it was inevitable once delta had done that that others would follow through, once you get the big bellwethers say this is the change that everybody follows. it's almost inevitable. >> that's really the expectation. everyone i talked to said that they expect american for follow suit. the on the redemption side, you are also able to redeem for pretty much any seat, obvious at stargeally lower rates than you would see. united, their word is a 25,000 miles vehicle to get that free economy seat, so really for most

travelers, it means you're earning less with a lot further to go to get that free ticket. >> kelly, thank you very much. kellie joining us on the changes to united airlines. chinese hackers get more creative, involving yoga and a bit of american retaliation, plus a man many believe to be one of the foremost anti-hacking voices says we're all in really, really big trouble. more "power lunch" in two minutes. 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. call or come in today for a free one-on-one review. but we're not in the business of spokespenaming names.kswagen passat is heads above the competition,

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citing the rich valuation, the stock currently trading lower right now by more than 14%. i would call that a big discount. it had been up more than 30% before today ace sell-off. i'mening? >> thank you very much, bertha, shares of akillian sharply higher as the food & drug administration allowed it to resume develop of the hepatitis c drug, lifting clinical holds issued almost a year ago. facebook shares are up on the heels of what the company says was the accidental release of the snapshot's competitor at slingshot. i don't think that went very well. [ laughter ] and shares of molson coors going higher on -- >> simon, you are a pro.

just weeks after the justice department accused five members of the china's military into hacking into u.s. computers, a new report that the chinaers are at it again and getting more creative. eamon javers has the latest. >> the new report comes from crowd strike, a private internet security consultling firm. they have released a lot of new details on one of the units of the chinese military that crowd strike says is response for a lot of hacking attacks against the united states. this particular unit is likely behind attacks on space and satellite firms, using in many cases face e-mails, including one that had a bog us yoga brodeur, designed to entice people to click on that and then activate mall ware. they're known as 61486, identified as being based in shanghai. because they were able to get the i.p. addresses and e-mails

associated with the hacking attacks, they were able in this report to go through and trace back some of the attacks to the actual members of the chinese military unit allegedly who participate indeed it. then they got their facebook and chinese social media postings from some of those members of the unit, including this one. these are party pictures of a guy who they say is part of this chinese military unit involved in cyberhacking. there he is at his birthday party getting cake smushed in his face by his buddies. this is salesmen note as cppy, a 35-year-old alleged member of the chinese military unit. those are his social media posts, this kind of very embarrassing for the chinese military, which in the past we should say has denied participating in hacking attacks against the united states, but now a crowd strike coming out with mower details on how they happened and exactly who is executing them, even up to and including some of the embarrassing birthday pictures.

guys? >> eamon stay with me and we'll talk with mark goodman, who says basically the governments and comps corporations are much more soft than we originally thought. welcome. nice to have you here. >> thank you, my pleasure to be here. >> how can we try to quantity fill how bad this problem really is, because there's some corporations who don't realize for some time that they've been compromised and hacked. >> you're exactly right. in fact today the average time to discovery, the time it takes from the moment a hacker is breaking into your system until a corporation discovers it is up to 210 days. for 210 days hackers, whether coming from china, russian organized crime, or anybody else, they are living inside your systems in what's known as the advanced persistent threat, roaming around and rummages, stealing anything they can. that makes it very difficult to actually quantify. >> why does it take, on average, though, those 210 days?

is it because corporations do not have the right safeguards in place? are they not checking often enough? are they simply behind the curve in a lot of different ways? why is it taking that long? >> i think you actually hit a number of the factors right on the head. one, they don't have good tools in place to detect it. two, the methodologies and tactics being used by hackers, particularly at the nation state level are definitely increases and getting better. it's so much easier for them to be surrepetitious in what they do. the fact of the matter what they do today, cybersecurity is more a reactive process. we set up firewalls, antivirus detectors and the like, and we wait for them to go off. i think a much better approach is proactively hunt for the hackers, because they're already living there. >> eamon? >> my question for mark would be, to what extent do you think reports like this one from crowd strike, where they talk about being proactive, they have gone out, identified some of these

hackers, pulled their social media postings and released it to the world. that seems like a brush-back pitch to say we know exactly who you are, knock it off. do you think it will have any effect? or will the chinese continue to just keep it up? >> i don't see -- i see reports like this as being very, very useful. i think crowd stlik should be xhented for the work they're doing. clearly they have great people working there, but at the end of the day, we just saw the u.s. government go ahead and indied five members of the chinese liberated members army, and that -- the take, what they get, the billions that they save on research and development or the access to military secrets, the take is so great, by trying to name and shame them, we don't see too much opportunity to disrupt what they're doing. i think it's an interesting tactic. marc, thank you very much.

>> eamon, thank you, as always. >> you bet, sue. >> simon, over to you. stocks are linger. should you buy, sell or hold now? advice from two leading strategists next on the show. plus which retailers are winning the teenage consumer. another helping of "power lunch" right after this. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow.

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welcome back. checkous tyson foods. say the stock is dead money, as they cope with the high price of pay. tyson currently is trading down more than 4.7%. simon, back to you. >> bertha, thank you. we have some short covering earlier today. >> there you go. 120060 is where we stand at the moment. let's take in the big board. dom chu is down with us. on the market action so far. >> simon, you can call it maybe

an acceleration, but we moving a bit lower than we were. now, the interest part about the markets today. some of them are the momentum women's. they're to the up side, all the way to 1.5%. now, internet, catalog and retail stocks. tend to be among is the better performers, one of the best performing industry groups, there's also -- something we've been highlighting. if you look at small caps, wee down to about 0.7 of 1%. so small caps are underperforming in the slightly down market, much more son than

the broader markets overall. again we've object traded about 264 million shares so as far as, and that's why perhaps it's not so much it's more just this idea that you're having some consolidation here, they're making their moves. >> it's interesting, though, dom, when you come down here every day, i'm down here all the time, the discussion and worry really is the lack of volume. it's not even summer yesterday. we don't have volume in this market. a lot of these guys are having a hard time making money, because they don't get the back between prices where they make their money, and the volatility is pretty low. what do you make of the lack of volume involved? >> you're right. that's one of the things -- for those -- again, there's two sides to the argument here. you can say that if you paid attention to very well, you

missed out on one of the biggest runs in the generation from the 2009 lows to today. >> that's true. >> on the other hand, we will say this. they say volume doesn't matter, it's just price that matters. on the other hand art cashin was saying, dom, do you want to be in an election in a catherine where only ten people vote for your leader, and millions others are underrepresented. that struck a tone with a lot of traders. when you don't see that conviction, it means a lot of people are not participating, and the gains are confined to one part of the population an not the broader market overall. >> dom, thanks a million, as always. >> i got it. let's go to the nasdaq and see how things are going. seema? >> another down day for the nasdaq. ebay is topping or list, one of the key decliners on news its head of paypal is leaving to join facebook. i've been speaking to analysts who consider this a gain for facebook and loss for ebay.

coupe is notes.com, a another big mover, analysts over there pointing out that the stock has run up over 60% since early may, while the interset sector is up only 11%, so valuation coming in as a concern for analysts, also referred to as the twitter of china, that stock is on the move, credit sweet putting out a bullish note. analysts forecast a bick jump, plus as strong -- as a driver of user engagement. speaking of chinese internet ipos, let's look at how some stock has performed. waibo up about 14%, and a pop you are lard chinese travel company up, and obvious referred to to as the amazon of china, that stock is up. wile we've seen choppyness in the ipo market this year, chinese internet stocks have

performed relatively well. this ahead of ali baba, expected to go public later this summer. sue and simon? >> thank you very much. seema. another important indicator potential a new data showing optimism among small business owners has improved. is this a sign to stay in stocks or indeed to move on? joining us is jack rifkin, and dave dovetian joins us formed welcome to you both. jack, i was reading your resume here. this is not your first rodeo. >> >> no, it isn't. what are you telling investors now? >> i'm telling them to be cautious right now. i feel pretty good about the stock market. we're getting back to looking at valuation, so i think you have to be a bit careful. >> do you agree with that?

optimism seems to be getting better. not dramatically, but is that an argument to stay in stocks? >> i believe it is. e. we actually look at the economy over the next three to four quarters and we'll see the best spurt of growth in this heretofore slow recovery. the small business indicator is one sign, but most importantly we see a number of indicators in the job market that make us more optimistic, so that translates into a stock market view of cautious optimism and we're in the mature phase of the bull market. >> i'm questioning how useful it is to say to people relative to bonds i like the stock market. so in a sense the comparison to most people will seem almost

irrelevant. relative to bonds, but on an absolute basis, we came into this year, with a positive of a high single-digit return, but we're sticking with that, we essentially look not for multiple expansion here, but for the stock market to be able to grow roughly in line with corporate earnings. we see that in the high single digits. >> jack, talk to me about where you would put money to work. domestically i know you're invested in the united states. where do you still have value in the global environment? >> in the global markets, i think you can still look for europe. i actually think -- this may surprise you. i believe japan is an undervalued market right now. you will have to hedge the security. the currency is a big risk. you have to hedge the currency. anything i talk about, you're going to have to hedge something. that's the way i look at the market right now. we're seeing dispersion among stocks, among markets.

i like the emerging markets, but you cannot call them the emerges markets. you have to look market by market. you can't say it's a country picker's market here. >> do you think the retail investor is back? are they still on the sidelines? i think they are for the most part on the sidelines. >> is that because they're baby boomers. people want more saved, they want a little more yield. yield is tough to come by. >> it's not easy to find. >> no it's not. what about the yield play, david? where would you try to find yield? a lot of people feel the high yield bond market is somewhat tapped out, and maybe that's not

a play. >> i think you're right. there's been a lot of reaching for yield going on around the world. the corporate high-yield play is what we've been participating, but it's about over. an interesting area is high-yield municipals. they've begun to recover this year, particularly for our clients, for high net worth investors, you're looking at after-tax equivalent yields there that approach 10%, so you have to do the credit research. >> guys, we have to leave it this. nice to meet you both. thank you. we were just speaking about the bonds, because we had the treasury selling $28 billion worth of three-years notes and peet are boockvar writing it was a little light. the benchmark is yielding 2.638%

on the trading session. so, today on the interest rate scenario. what does the biggest group of shoppers since the baby boomers think about all those current fashion trends? we'll find out which retails are are hot and which are not, an inside look coming up on "power lunch." ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros

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argus downgraded it. the stock currently trading off more than 2.5%. sue? >> thanks so much, bertha. in the yahoo finance question of the day, we asked united is joining delta by changing the frequent flier program to favor dollars spent rather than miles flown. is that the right thing to do? 22% say, yes, i spend a lot, so reward me. 27% say, no, miles should be the standard. 22% say both should be equal. 29% say no frequent flier program is fair. i actually think i might go with the third one. there you go. the state of retail will likely rise or fall on the shopping habits of the mill lennial, the biggest demographic since the boomer generation. piper jaffray getting feedback on preferences at the investor conference in new york. joining us with an exclusive look at millennial retail trends, stef wiz nick, and eleanor hagen, a high school junior and joins us.

good to have you here, ladies. appreciate it very much. eleanor, i'm going to start with you. one of the interesting things about this latest survey from piper jahvid ray seems to point out to me the experience of shopping, that is, going and having a meal, you know, walking the mall or wherever you happen to be and buying things, the total shopping experience is becoming more and more important. is that the way you view it? >> yeah, definitely. if i'm going into a store, i want to have a great experience, and being in stores that the experience isn't so great, that definitely influences where i'm going to shop. >> stef, it was interesting, 21%, the teen budget on food. that's the same as clothing. >> yeah, for the first time in 13 years in our study, we found that experiences and eating out is certainly one of those, is trumping product. we think that teens are most certainly signaling they're enjoying spenting time out as well as buying product. >> when you go buy, where do you

shop? >> j. crew, lily pulitzer and free people. those are my three favorite stores. >> what stores would you avoid -- or i shouldn't say avoid, but don't have the right product mix for you? >> i'm that interested in abercrombie or hole i hollister. i don't feel like it matches my lifestyle now. >> these core legacy brands are being replaced by the brands that were more adult focused. we're seeing teenager reach up into that class brand. eleanor, how did you get hooked up in the piper jaffray -- >> i take a marketing class in my school, and piper jaffray from has a connection with my school. are you enjoying? >> i had so much fun today. it was a great opportunity. >> excellent. how important is social media to

you, eleanor, when you do go out and spend money and shop? >> social media is important to me. i use like instagram and twitter to find out what trends there are no clothing. sometimes on twitter and look using social media, you can get like deals. >> all right. stef, what did you learn this time around from the teenagers? >> really interesting, most of the teenagers still feel like the economy is getting slightly worse, which is interesting, relative to the markets, and also we thought -- still nike dominating the footwear category, and i think mobile is certainly a trend that everyone is talking about, how engaged are the teens, what are they using, favorite app.s? in general i think we're seeing signs that this is a generation that's an influencing generation and they're intensely curious. >> why do they think the economy is getting worse? >> it's interesting. a lot of them have jobs. in many cases they're working less hours, i think the payroll hours are being cut back, or

they are looking for a job and can't find one. that teen segment we do know -- so still a sticking point. >> eleanor, how do you feel about the economy? do you think things are getting better or not? >> i don't think so, i went to a seminar, they had a career day and an investment banker came in, and he told us we were in a bubble. i don't want to sound uneducated, but i thought he was very convincing. >> so he said to you that stocks were in a bubble? >> yes. >> that's very interesting that he would go out on a limb like that. do you agree with him? >> well, the information he gave us was very convincing. i know the stock market is only an indicator of the economy, not an indicator of the total health of the economy has a whole. just -- stocks are getting better, but other indicators are showing that the economy isn't necessarily getting better. >> eleanor, do your parents help you in terms of money you need to spend? are you responsible for all of

your purchases? or do they supplement you? >> my parents pay for mostly everything for me. >> that's a nice position to be in. that's great. stef, did you find that through the survey, or as i read it, it seems as though parental contributions were a little higher than they have been in the past. >> certainly. we're seeing that from last year to this year, that payroll tax increase. in our panel even today, the vast majority of students have access to a credit card or debit card that's fueled through their parents account or their own bank account which is subsidized, so parent contributions still well north of 50%. >> tell us about the stocks having trouble. let's take lululemon leggings. i know the leggings are very big with a lot of teenagers, yet the stock has not done well at all. in the survey, it seems as though it was a declining brand. is that correct? >> yeah, and i think a bit of this gets into the notion of

conformity versus anti-conformity. when a trend becomes over-popularized like yoga pants, it starts to lose a portion of the ravens or mind share. i didn't hear as many girls talking about yoga as a trend versus last year. it was the entirety of the trend. very much i think you may be seeing some indications as a trend in the teen page it's starting to get a bit long and we may be moving into something new and different. >> eleanor, you get the final word. you mentioned the fact that social media was very important to you and you use instagram. when you go out and spend, is technology the more important purchase for you, or is it clothes? >> clothes is the most important for me. >> all right. where does technology rate? how important is it? >> if i was going to rank my spending, i would say clothing, then food and then technology would be third. >> is that mirrored in your peer group, by your friends as well? >> yeah, most my friends, we're

pretty similar in our spending habits, and we all spend on food and clothing, a lot of our parents pay for the technology things, so i don't focus spending on that. >> thank you, ladies, very much. a pleasure. secret lives of the super rich returns to cnbc tonight at 10:00 eastern, the wealth editor robert frank is with us. so what guilty pleasures do you have for us tonight? >> pleasures they are. we're going to take you to a caribbean island, one of the best-kept secrets of the super rich. crystal blue waters, citrus body scrubs on the beach, and no cars. we'll share the secrets, after the break. due to menopausal changes. the problem isn't likely to go away... ...on its own. so it's time we do something about it. and there's help. premarin vaginal cream. a prescription that does what no over-the-counter product was designed to do.

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narrator: the internet of everything is changing how energy works. is your network ready?" twitter on the move higher, to marked performy underperform. the stock is currently traiting up just over 2%. simon? >> thank you very much. shares of apple relatively unchanged so far today. reports from the irish media that the european economic will open now a muchal investigation into apple's tax agreements with

ireland. we have reached out to apple for a comment. so far they haven't returned it. secret lives of the super rich returns tonight on cnbc at 10:00 p.m. robert frank is our guide. one of the places he'll take us is junbi bay in antigua. >> the only way your feet will touch this sand is if you own a megamansion on this private island or if you stay in an exclusive 40-room resort. no cars are allowed but there are some super rich golf carts tricked out to look like gases guzzling hummers. apparently rip people like irony. they also like really big houses. >> robert, good to mete you. >> meet steve morgan, a billionaire who owns the largest estate. it's a megamansion called tee

molinew. you walked in the door and look out at this view, and it's -- >> it's fantastic. proof once again that robert has the best beat at cnbc. what a beautiful place. >> steve's house was amazing, but the most amazing thing about this story is how this guy rose from rags to riches. he started out literally digging ditches for sewer sidelines in wales, and is now a billionaire in the uk. just an amazing story, cool guy. still works 0 hours a week. he doesn't get enough time to enjoy that amazing property, but we sure did. >> i'm glad you did. it's going to be a great program. can't wait to see it. >> thank you, sue. don't miss it. 10:00 p.m. eastern and pacific, only here on cnbc. stocks lower today, but only slightly off their lows. we're down about 12 points. we'll have a look of a few of the big gainers when we return. first, let's see what's

coming up on "street signs" after the show. >> a big hour coming up. we're going to talk about tax repatriation. should we have a holidays to help fix or roads and bridges. how do we fix the crisis? senator warren will join us with details of her plan. we'll ask the harder question -- why do we consume so much health care in american? a lot of hot topics on "street signs." now back to sue and simon on "power lunch." ♪ ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪

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well dow 17,000 is looking a bit elusive today at any rate. best buy, monster beverage, and sailsforce.com. best buy announcing it's raising dividends. >> nice percentage moves on those stocks. basically on all of them. so not a bad day. we could still do dow at 17,000. there's time, i'mening. >> slow volume surge, high frequency trade kind of -- >> pushing it up there. i don't know, i feel like it's in the air. we'll see. you've got to stay tuned. that will do it for us on "power

lunch." it was a pleasure to have you here. >> a pleasure to be here. thank you for watching. for us, good-bye. "street signs" begins right now. the road to dow 17,000 hitting a bit of a pothole today, but there are two big pieces of good news out there for you. hi, everybody. we've got that ahead. plus, could congress actually be close to working together to keep our bridges funded? we stay on the student loan and tuition story. elizabeth warren is here to talk about her plan. and let's look at what the markets are up to. ever so slightly to the down side, moving off the record-closing highs, but here's an amazing factoid for you. the s&p and dow are down today for only the third time, brian in three weeks. as you can see, the dow is only down by 0.05%, so it's hoverin