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 hovering around that record closing high from yesterday, the same for the s&p 500. the nasdaq is down by a minuscule 0.07%. we could still end in positive territory and have yesterday another record closing high for the s&p and the dow. >> to your point about the nasdaq, the nasdaq continues to power along. it's up 7% in the past month. >> i think what's really interesting, what we have seen over the past month, brian, is we've seen those particular sectors more economically connected, and i think a few -- and bob pisani has been talking a lot about this, increasingly the market says the leaders are showing that people are betting on a second-half recovery. >> we're going to go for john harwood, we have a big show ahead, but to longtime viewers of "street signs", not to toot our own horn, we've been talking about this idea of three years

ago. >> not popular, we were talking about it. >> the idea that things weren't great, but they were inching along. we've got a lot of positive commentary, jan hotse with positive comments. it's helping everything. overall, who can complain? >> who can complain? i think yesterday was the seventh record close for the s&p in about eight sessions. >> a new proposal in congress could give us two things that we need -- a tax break for corporations to bring overseas profits back home, and money to fix roads and bridges. could it actually happen? cnbc's john harwood joins us with a story that puts together, john, two gentlemen in congress who you probably wouldn't think would pit this kind of story together. >> rand paul of kentucky and harry reid of nevada are certainly an odd couple. it will be unusual. it is not likely to happen, but here's the theory. congress has two problems at the

same time that they're trying to fix. one is we're short of money to pay for roads and bridges. the second is we think taxes ought to be cut, that is many members of congress think taxes ought to be cut on businesses so they will stop having incentive to park profits overseas. rand paul and harry reid are looking at a way to marry those things, how? with a tax repatriation holiday that would cut rates on profits abroad. in the short term, this is believed to raise money that could help pay for those roads and bridges, because it would bring money back. the problem is the joint tax committee has assessed it and set over the long run it would cost money. rand paul doesn't buy it. here is him in an interview is sarah eisen earlier today. >> they are wrong. they use funny math, and they also accept a fallacy. here's a fallacy. if you lower a tax rate, will revenue and capital come at the

same rate or different rate? if it comes at 5% now, it will be 6, 7 or 8. logic tells you it would be a higher percentage chronically than it is now. >> the problem for rand paul and harry reid is the ranks members of the tax committee believe the joint tax estimates. they don't believe rand paul it will produce money over the long run. right now a senior democratic aide says it would return at some later point, we still have to resolve that standoff over highway funding. it doesn't look like thinks the solution. >> thank you very much, john harwood. our question is how likely is it to pass? and what the pros and cons? jimmy p., are you in pro camp or the con camp? >> i am pro-doing something about infrastructure, also pro doing something about taxes, but this is trying to get an action in the worst way, and both those things together aren't very good

ideas >> why in the worst way? >> it would be much better to lower corporate taxes, and i think if you want to do something about infrastructure, i know folks over there do, a much better way with just to leave the gas tax as it is, defeat all that highway funding to repairing existing highways, and then creating a new funding source through some sort of infrastructure bank for new highway construction, a far better solution, doesn't raise taxes, fixes the problem. i think it will be a great compromise. >> you know, jared, you and i will agree on this, my friend. here's the thing -- the house is on fire. the house is infrastructure. we have both arguing we should put it out with a hose or bucket, all while the house burns down. at least somebody's talking, right? >> right. i think that's very much a positive thing, but by the way, you can't avoid talking about it, because there's no question that the highway trust fund is not going to -- >> there won't be a house soon. >> exactly. there's no question this has to be fixed.

especially what's unfortunate is this was never such a partisan issue. historically both sides came together to support infrastructure, which is something that everybody needs. the problem is you cannot pay for anything with a tax repatriation holiday, because the tax repatriation holiday costs you $100 billion over ten years. i gave you a graphic. i don't know if you have it handy, but it shows precisely the problem. congrats to your staff. i gave them that about at hour ago, so good works. >> why do you say it's a revenue loser? if the companies leave all that money offshore, essentially it goes untaxed, even if it's not a perfect system. and hopefully contributes not just to infrastructure. >> the reason it loses money, and i'm not sure john quite got into this. the reason it loses money is because it incentivizes multinationals to put more and more money offshore and in tax

havens, because they know they're going to get another tax holiday somewhere down the road. we did this in 2004, it doesn't worry then. >> i get your point on that, jared, guess what? go around the way and it will be cheaper on the back end. i get that. but at the same time, there's no question this is a crisis, and it appears, for whatever reason, raising the gas tax even to where it was meant to be in 1993, is a political impossibility. >> well, that's what i'm saying. i'm saying, don't do that. what i'm saying -- >> you can't do that. >> listen, take the existing money and focus purely on repairing those roads and bridges you've been talking about. if you want to do new construction, you have government to, as long as the states can pay the money back and a plan for paying it back, but congestion fees or tolls, so it's financially viability.

it's a far better plan than the cookie we're going to bring it home temporarily, and we're going to prevent companies from borrowing. it's a very complex, adding a tax complexity. >> if i may comment, i actually think that jimmy may be on to something, but there's a problem. if you did what jimmy suggested and focus the just on projects in the pipeline, you would begin to start laying construction workers off very, very quickly, because states have to plan ahead. they've got lots of infrastructure they need to repair. one thick we don't need in this economy or this labor market is layoffs in construction. >> the answer is likely to -- listen, we all hate tax. i have a 60-mile commute each way, i don't like the gas tax, but it's one of the rare taxes that goes to what it was intended for. >> and it hasn'ten indexed. >> here's my point.

guys hog on. you guys are both dc insiders, i'll pick on the senate instead of the house. i don't mean that in a bad way. there's 100 senators, okay? i understand neither side wants to say let's raise the gas tax, because the other sigh can say you want to hurt the middle class. why don't all 100 senators walk out, stand on the steps together and say for the good of this country, together, 100 of us are going to do what we need to do to avoid the fact we may be soon riding on donkeys and elephants as our only means of transportation. >> i love that idea. we have a tremendous gridlock, and of course there's the house, you'll neff get those 35 to walk out and do "kumbaya" but i happen to like your idea. >> let's hope -- >> tape that segment. he said he liked my idea. save that for pprosperity.

>> but let's pick a better song. let's check out shares of green mountain, the stock spiking on news it's teaming up with the subway restaurant change to bring single-serve brewers to subway locations. the stock trading up currently more than 1.5%, making a lot of moves from single brew to the carafe, to cold drinks. lots of moves for that company. back to you. >> thank you very much, bertha. meantime it's just about time for our important interview with senator warren. we'll ask about the potential tax deal and talk to her about the plan to help the student local debts, which is seriously a crisis. we'll have some statistics that will blow your mind about how much is owed by american students. we're also counting up the list of cunning with the most millionaires. if your first guest is the united states, yes, you are right, but more than 7 million millionaire households are here. that was an easy fact. the numbers for number two and

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yeah, citi mobile. pay the dog sitter? and deposit that check? citi mobile. pack your bathing suit? wearing it. niiice bank from almost anywhere with the citi mobile app. we have a market out there marking sometime literally, but at least around record highs. dom chu is on the floor of the new york stock exchange. find us something exciting to talk about there out there for the markets, dom. the exciting thing you have to talk about, at least the one that's getting more attention from the traders down here is the noted underperformance of small-cap stocks today. if you look at the overall

market, yeah, we're down about 0.1 of a percent and maybe down about that same amount for the dow, but if you look at the russell small-cap, you can see about half a percent now, so the gap in performance has been pretty big. what's important for the russell, year to date. now it's just starting to get its legs back again. also volume, a big discussion here, as it's been for weeks, arguably months now, just the anemic volume that's happening. we've traded only about 240 million shares at the stock exchange today, so again not a lot of transactions happening, you wonder whether people want to be in this market given that we are at record highs. we are becoming more and more a market of stocks and not a stock market meaning there's pockets of outperformance. today it's things like amazon and netflix and expedia.

they're to the up side. meanwhile, you are the uniform performance in the small cap. when you look at the overall pictures for the markets, these traders are saying, you know what? with stocks at record highs, it's not at all uncommon for the markets to take a paw. a lot of traders this used word consolidation, meaning traders are trying to figure out where thosingses are and where those markets have been. >> aka have gone for lunch. but dom, i want to bring up something we were discussion a moment ago. the sector leaders are the names like the financials, industrials, consumer discretionary, energy, you know, all thinks kickly cal groups, all these economically reliant groups essentially that were coming to the foreincreasingly, and naturally they do better when the economy is improving, does that send out a good signal in. >> that's the thing, too, earlier i was talking to art cashin about this same topic. we have seen outperformance in

industrials and also the banks. those are two good signs if you believe the economy or the overall market is headed in the upside direction, but what's more disconcerting, if you look at the overall picture, it's still utilities that are single best-performing sector. people buy them, because theft to collect the different yield. the overall picture for the market is still one that we set at record highs for. that's the path of least resistance, but there's no real catalyst to say things are getting that much better. the economic data has been improving. that may be why you're sigh a bit to the cyclical or economically sensitive names, but overall there hasn't been a lot of conviction, but you wonder what will it take for the retail investor to say i want to start going back in the market and at least for right now the volumes are indicating that's not exactly happening. >> got to get mom and pop to sit up and listen. >> thank you, dom.

act vision blizzard shares are up more than 40% from the last year alone. can the run continuing for this video gaming giant? let's find out. julia boorstin is with the activision ceo. >> reporter: thank you for joining us. before getting into the e-3 stuff, i have to ask about a shareholder lawsuit against you, claiming you improperly benefited -- >> you know, i can't talk about lawsuits. what i can tell you is that, you know, we view these as nothing but frivolous claims. i would love to see the government start to clamp down on some of these kinds of frivolous claims. >> reporter: but there was news last week as the judge ruled this lawsuit could move forward. any comments on that? >> nothing i can talk about, because it's litigation. >> reporter: moves on to everything going on here. yesterday we saw big news from

electronics arts, which is the first time they have two of these games in exec tif years. they're trying to compete with "call of duty." are you threatened? >> the call of duty we'll release later this year is probably the best we have ever made. i think the audiences will be excited by it. the reaction has been unbelievably positive. you know, as a company, this is the first time that sony and microsoft has ever led off with software from one company, so destiny was highlighted, advantage work was highlighted at microsoft. you know, i think we continue to remain focused on being the world's most important video game company. >> another big franchise, skylander sees disney getting into that business with the infinity platform. do you see that as dreck competition? >> but it's the most innovative skylanders game and kids are

incredibly enthusiastic from the play testing we've been doing. we're excited about the lineup and excited about the next few years of product flow. we launched hartstone earlier in the year and that's off to a tremendous start in the new product category. we have great success with diablo expansion, which i think restored a lot of enthusiasm for diablo players. when you look out at the prospects that we have as a business, they're terrific. a quick question about virtual reality, oculus, morpheus, how big will this be for your bottom line? >> these things have great promise for the future. there's a lot of work to be done to cost reduce them, a lot of work to make sure you get image stabilization, but i think, you know, whether it's mobile devices or next-generation consoles, or these new virtual reality headsets, there's just so much opportunity and excitement in video games today, that prioritizing opportunity is the single greatest challenge.

>> great, very upbeat note, and thank you so much for joining us. i really appreciate it. the ceo of activision blizzard. back to you. >> thank you very much. so we are about to be joined by senator elizabeth warren. we're going to talk about her bill to ease the student lot debt crisis, and a question about why college costs so doggone much in the first place. >> right. >> that's coming up. stick around. she keeps you on your toes. you wouldn't have it any other way.

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all right. platinum futures are risings today, a major platinum company in south africa unable to reach a deal with striking workers that would end a five-month walk-off. palladium rising for the same reason. it now totals more than $1.2 trillion, and it is going up every day. it, by the way, is student loan debt. now more than 70% of college graduates carry an average of $30,000 in loans. senator elizabeth warren has a bill that goes up tomorrow.

thank you very much. >> good to be here. >> we did one yesterday, a segment how college costs have grown over 30% in five years. i know you talked about it in the book "the two income trap." why does it cost so much in the first place? impts there's a lot of reasons. one of the reasons is that we got a lot of for-profit colleges out there. you want to remember, they are now covering 10% of all students. they're sucking down about 25% of all federal student loans, and they are responsible for about 48% of all the defaults on those student loans. so, you know, the whole financial issue, set of issues around college have shifted and shifted dramatically in the last three decades, and it's something that we've got different legislation pending on here in the united states senate. i'm a co-sponsor with senator

re reed of r&d r&d and senator durbin of illinois, to try to force colleges to have skin in the games to help them bring down the costs and frankly to reward those that do >> your point on for-profit colleges is very interesting, too, senator. there have been some for-profit colleges that have been accused of wrongdoing, trying to manipulate veterans and moms going back to work, et cetera. do you think we need greater regulation around the for-profit college space? >> well, i'm going to start this way, by say we need to align incentives so that those colleges. think about it. they're getting all that money from student loans, and tunes are on the hook, taxpayers are on the hook, but not the colleges. we need to align colleges, so colleges have incentives to keep down costs, to graduate students on time, and graduate them on time with degrees in areas where

they'll be able to get jobs and be able to pay back those loans. >> senator warren, i tolely understand where you're coming from in terms of your goals. my fear is that if we try and just cure the symptoms as opposed to attack the root cause essentially we'll be misaligned at the end of the day. if you allow so many more millions of students the refinance, that doesn't provide any incentive whatsoever to the colleges, to the universitieses to dam or cut their tuition. are you worried about that hazard? >> i see them as two different points and we need to address both. it's like saying we have crumbling bridges and highway infrastructure that is crumbling. we need to fix both. right now, as you started out, we have $1.2 trillion in outstanding student loan debt. what we know about that debt that's outstanding is that it's crushing individuals, and it's now acting as a drag on the economy. the treasury department, the

federal reserve, the consumer financial protection bureau, have all started sounding the alarm. young people are not buying homes. they're not starting small businesses. they're not buying cars. they're not making the purchases we would expect them to make to move this economy forward. so we're talking about something here that hits family by family by family, but also hits the entire economy this is an easy problem to fix, bakley. we have to have the will to do it. bring down the interest rate on the student loans, help more people get current on their loans, get them back into payments they can manage, and let's get this economy rolling forward. >> in terms of how you intend to finance this bill, i know that you've said you're open to republican ideas. >> um-hmm. >> to maybe finance this bill in ways other than just taxing the wealthy. have you spoken to any republicans about those ideas? >> i keep saying the same thing. we have put a pay for it in this

bill. i want to be really clear. it's just a minimum payment on those making more than a million dollars a year in adjusted gross income that says you've got to pay what middle class families are paying, a minimum of 30% on your taxes. you can't take advantage of the loopholes that are only there for people who are really wealthy. and so we're saying that will pay for the bill. this is what the congressional budget office scores it at. it not only will pay for the bill. it will actually help bring down the deficit, because it more than pays for the bill. if the republicans don't like that way to pay for the bill, i have said repeatedly on the floor of the united states senate, in the press every opportunity i get, then come to us with another idea. tell us how you want to pay for it. what we should all agree on is we need to bring down the interest rate on student loans. our students, or former students, should not be

financing the government by paying 6%, %, 10%, and even more on their student loans. >> you know, i think, senator, you make a good point as well, but i think what makes it hard for middle-class families to stomach is the top ten endocuments have about $150ably onunder management. in fact somebody equipped they're turning into hedge funds that happen to educate students. with that amount of money you could fund millions of kids per year. what can we do about that, about this growing massive wealth of endocuments, but at the same time tuition also keeps going up. >> let's keep in mind where tuition is rising and rising the fastest. it's in state schools. three out of every four students in college is in a state schools. just about 20 years ago those colleges were able to provide an education by getting three out of $4 from operations from the

taxpayers. today they get about $1 out of $4 from the taxpayers. what that means is they've got to turn to students and their families to make up the difference. that's why there's been such a sharp rise. i just want to say on this one, this one is personal for me. my father ended up as a maintenance man, my mom worked a minimum wage job at sears. i graduated from a commuter college that cost $50 a semester. why did it cost $50 a semester? because america was investing in public institutions, and it said for kids like me, if you'll work hard, if you play by the rules, we want to give you an affordable option to go to college without having to run up a huge amount of debt. but that has shifted in america, and i think that's something we need to take a very hard look at. we need to support young people who work hard, who play by the rules, and who just want a fair

shot at getting ahead. >> i understand it's a top priority for you, senator, i understand it's a very personal issue as well. your bill is going to a vote tomorrow, but we hear it doesn't have a great chance of passing. in fact i think compass point reference puts the odds of it passing at and 10%. in light of that, what will you do if it doesn't false? and have any republican senators come up and said we're going to support you in this? >> you know, this is what's interesting about this bill. i instrumentally at this point don't know what the republicans will do, but let's keep in mind that the interest rates we pickedns in billing. 3.86 for undergraduate, a little higher for graduate and plus loans. those interest rates are exactly, i mean exactly the interest rates that virtually every republican in the house and the senate, along with the majority of democrats, voted for last summer as the right

interest rate for 2013-14 new loans that are going out. i have not heard a single republican explain why it is that somebody who's trying to finance an education can get that low interest rate if it's a new loan, but all those people who borrowed two years ago, four years ago, ten years ago are stuck at high interest rates. >> or 11 years ago, senator. i've still got three law school loans, i graduated in 2003, i'm still paying on to this day. >> i hear you. >> sallie mae has helped me out. just a minor tiny question here. are you going to run for president? >> i am not running for president. >> affirmative, throw it out there? >> i am not running for president. what i'm doing is working on a student loan bill, something we urgently need to pass. one more thing about that. you've got to remember we don't have an army of lobbyists to stand up for people who are dealing with student loans.

the only chance we've got is people all across this country saying, look, that's fair, that's something we need to do, instead of protecting tax loopholes for millionaires and billionaires. we need to take that money and put it into young people who are really just getting started and trying to build a future for themselves. >> senator, i think we kept you about five minutes too long. we apologize to your people. >> it's quite all right. take care. >> thank you. let's send it stover to bertha coombs for a quick market flash. >> there's a reuters report that amazon is looking to launch a marketplace for local services later this year. it reports unnamed sources that you can see the stock taking a hit down, off more than 4% on that news. mandy? >> okay. thank you very much, bertha coombs joining us on angie's list. we are switching up in "talking numbers." we won't be talking about an individual stock. >> we're not? instead we'll be talking

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the performance review. 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. all right. as mandy told you before the break, it's kind of a different talking numbers today, but it won't be about an equity, but about the volatility index, obvious called the fear index, better known to you as the vix. now it measures sort of nervousness at the lowest level really since before the market

crash back in to 07. rich, i'm going to start with you, when i say anything look like something like 2007 before the crash, i start to get nervo nervous. should i? >> fdr said we have nothing to fear but fear itself, but when it comes to trading it's the opposite. it's the absence which can be our greatest concern. now admittedly the vix is not the greatest market timing tool, as investors can remain complacent far longer than short sellers can remain solvent, but we could be looking at a 5% to 6% pullback. let's bring up that short-term figures. we've recently broken down from a very well-defined trading range. within the context of that rain, you see the volatility spikes, each which has -- to a pullback in the s&p 500. speaking of that s&p, you see

there's been five corrections in the past year or so. each has ended roughly within neighborhood of that 150-day moving average. i think that's what we'll see again here, back around 1840 in the s&p 500, perfectly normal with an historical context. that's what the vix is suggesting to me. the absence of fear does not suggest we have nothing to fear. don't be confused. >> indeed that's a very illustrative chart. >> look, you look at the word complacency, is the market complacent? it's made you a heck of a lot of money in the past year and a half or so, easily. i say there's a black swan event that could occur to take this market down, given the fact that people aren't protected to the down side? no question about it, but look at the vix for what it is. it's not a market timing tool.

it's a measure of volatility. the vix can remain low for a very long period of time. normally i would say buying protection on this tape, a tape as strong as it is, is like buying earthquake insurance. it's absolutely insame. i do agree that volatility is come in dramatically and buying puts right now, buys protection is very cheap. protecting the portfolio with cheap put options, i would agree with that, but look, i think the tape is solid here. i don't think we're looking at complacency. i think we're looking at people that are pretty convinced the tape will run higher. >> gentlemen, you will have to agree to disagree on that. thank you very much for joining us. interesting stuff on the vix, which is down nearly 20% year to date. be sure to check out the online edition in partnership with yaw hoon finance. -- yahoo! finance. apple's new products could use a different kind of jack.

>> what? >> if you thought buying a new charger was bad, wait until apple trying to buy you a $350 beats headset. kelly, i believe you were covering this story coming up on "closing bell." a story that gets brian going what? yes? >> buying all the new chargers, when they came out with that lightning adapter was annoying enough. >> the ammist community on the one hand always giving apple a hard time for not coming out with new products, but oirnd and you have consumers every time apple does, they get upset, because you have to buy a new phone, buy new accessories. anyway, the point is here as an iphone 5s, would use the charger to connect the headphones. so that's the rumor, guys, we're going to talk it next hour. scott wapner joins me. we'll talk about green mountain and subways and maybe

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the stock of the gave is achillion pharma. we've been talking about the hep-c drugs lately. one analyst and j & p security saying this could be the next company to get snapped up. optimism is back, the 96.6

is the higher in 2007, but a small business is hire. let's go to the front lines and bring in madeline al fanno, and great to have you back on the show. madeline, ladies first here. how is business, and is it good enough for you to hire? >> thank you, mandy. great to see you. well, we're opening a couple new restaurants, fast casual, so we are hiring, and i guess the biggest concerns is some of the minimum wage hikes going on in california. so that's why we're moving to the small fast casual model, moving from a 3,000-square foot footprint, to actually our newest model is 1300. >> just to follow up on the minimum wage hikes, how exactly does that affect you? are you dead against it? >> well, you know, i'm not against a minimum wage hike going from $8 to $9 july 1st.

my concern is we met with the governor in april. i suggested a split tier minimum wage, so for tipped employees versus nontipped employees. the tipped employees would stay flat at the $8, the nontipped would experience the increases, because that would create the fair level playing field for them. tipped employees can make $20 to $30 about their tips. we promised our viewers two pieces of good news, mand,just gave one. the other one was the jolt survey, it showed there were 4.5 -- >> the economy the size of los angeles, but it's not yet everybody in it. this gartner graph sums it -- >> that was really interesting. what was that? some sort of like -- matt, can you hear me? >> yeah, i can -- no, i can hear you now, but lost you for a minute. >> i was kind of getting into that presentation. the sine and the cotangent.

the last time you and aspoke, you had a different problem, you couldn't find skilled employees. is that still true? >> it's very, very challenging for us, wee definitely active in trying to change the culture of exposing young people towards manufacturing. we're in an old-school industrial trade type of business. we have migrated more towards automation to help solve our problem. what that's done is brought a lot of work into aural facility that normally wouldn't have been there. but it's also brought young people into our business. what's key to that is really aligning ourselves with local school systems and even community colleges. in southwest michigan, lake michigan, for example the past couple years, is highly involved in our business. they're even building a $10 million advanced manufacturing center. it's very difficult to find a skilled workforce. we can't conjure one up, but

we're actively trying to grow one organically. and jobs do still exist. they're still out there. manufacturing is very, very strong. we are not for lack of opportunities. we've turned away more opportunities than we have accepted over the past few years. one of the barriers we are actually -- one of them is finding skilled talent, though. it's tough. >> we do have to wrap it up. quickly last point to you. >> what i was going to say. >> caller:nary is cool, you have the foot network and manufacturing might not seem as hip, but i'm hoping we have a pro-start program in the high schools, and hopefully your industry can help with getting some high school programs for that. >> al fanno piecrust manufactured by vickers engineering. >> i love it. >> hey, i'm interest preneuro, i'll tackle anything. >> thank you so much.

what's that company you have? >> it's delicious. try it. one part of the health care debate not talked enough. just like college. not how do we pay for it, it bu so much? we'll debate that coming up. >> and here is the number two country with the most millionaires, china. number one was the u.s. and number two is china. it's really not a big surprise, but what is startling is the number of millionaires there is there, and it's up by 82% from last year. we're going to reveal number three coming up.

true business-grade internet comes with secure wifi for your business.

it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. here's a really good question for you. why do we spend so much on health care and here's an even better question, how can we spend less? less bring in daniel kraft with the answer. >> we spend most of our dollars on sick care, not health or wellness through health care and

it's the chronic diseases and we wait for things to be reactive so health care today is very intermittent and reactive and that's what costs so much money. wait for diabetes, cancer, strokes to happen. spend more of our focus and technology and dollars on the prevention side and one of the major shift that's starting to occur in the mobile world of digital health. >> i love the idea of digital health and wellness and personal responsibility, and i'm going to make sort of a crack here and tell me if this is actually possible. let's say we have wearable technology and five, ten years, maybe less than, that will there be a day when we say, mr. sullivan, your health care costs have to go up because your wearable tech tells us you have not exercised in six days. >> the new drug is the power engaged patient and i can prescribe exercise or an app or some car insurance companies that pay you more if you're a bad driver, we'll see the sensibilities. we reward folks if they get health points, walk 10,000 steps

so we are entering that era and where it comes together, not one sensor, like the onstar for the body with all the wearable and interneted things coming to our health that we can start to give people ownership of their health care data, share in selective ways and get rewarded or penalize feds if they are not on board. >> to me it sounds a little bit idealistic because the people who could would go out and get that kind of wearable device would be those who are already health conscious. you can't force the whole population of america or australia, for that matter, because we obviously have health problems inkraesing as well, you can't force everybody to wear technology of that kind. >> i don't think it's at all about forcing. it's about engaging and empowering the clinician and patient to have this data. people buy fit bits, that's helpful for sort of getting in shape and tracking my weight, for example. this will not be big brother. it will be elements to help engage and get to value-based health care. i don't think it's ever going to be forced on anyone and this era

of mobile and connective health is growing fast. just to give you an example of that. there's now technologies, a company has a company that's trying clinical trials, giving people at home, will give them their temperature and blood pressure and stress levels that can be communicated to clinicians and we're in the era of patches, like this from a bay area startup. i'm wearing one right now. this is quantity filed health. >> we have to break n.fascinating technology, we'll check it out. thanks for joining us. >> thank you. >> olivia newton-john health care company, for more tune into "fast money" this evening 5:00 p.m. this evening. melissa lee is at the conference with more great guests. by the way, your last chance to guess which country is the third most millionaires, the u.s. and china were pretty obvious. the next country is not.

>> yeah. might surprise a few people actually. >> what's your guess? >> scanadoo. 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. ♪ [ 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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we're counting up the countries with the most millionaires, united states and china were obvious at one and two. the third one might be trickier, can you guess, it land of the rising sun, japan. we do tend to think of their economy, remember the zombie days, stagnated for 20 years but

still has 1.2 million households that are millionaires. all these numbers come to us from the boston consortium group and have 128 million people. >> your point is we often think of it as a slow growth zombie economic nation. >> coming back. >> a very rich place. >> a very rich place. a lot of of old wealth there as well, not just new. thanks for watching "street signs." >> "closing bell" is next. >> hi, everybody and welcome to "closing bell." i'm kelly evans down here at the new york stock exchange. >> good to see you again. i'm scott wapner. we're watching a market that continues to trade at or near all-time highs. the dow flirting with 17,000, plus these stories. people are just not buying homes. those words today from the chief executive officer of wells fargo. well, it's only the largest mortgage lender in the u.s., and this is the peak selling season. so what does that revelation mean to the recovering housing market and the economy?