>> wendy's, down under 8 bucks. think it's a great buy. >> stephanie in. >> i like ryder and their pricing power. meantime, don't go anywhere, up next is ""power lunch."" and we have a series of developing stories at this hour, a potentially historymaking hurricane is baring down on hawaii at this hour. paradise bracing for not one but two hurricanes. the dow is down 65. the s&p is off about a half percent. also at this hour, reports that president obama is considering air strikes and air drops of food to religious minorities surrounded by the terror group known as the islam mist state in iraq and syria, isis. but we begin however with

the markets. >> that last headline really did hit the markets. that and the russian jitters. bob, we took a sudden drop down, the headline risk that tyler just delineated. a very interesting day today. >> we have talso the ukraine situation. around 11:00, the gnat toe secretary general was in to discuss it. calling on russia to step back. that's when the markets started slowly drifting back at 11:00 a.m. everything is weighing on europe. it's been slowing moving down for a month every single day, practically and it's starting to affect us. driving money out of europe, into the u.s., looking for a safe haven, our economy is

getting better, numbers have been good here, but 2.44 we're looking at the lowest levels since about may of 2013 of the emerging markets are started getting affected. brazil, china, also are weak, today. sue, finally, inflation, restaurants with earnings have been talking about higher cos , costs,. wendy's talked about higher beef costs and papa john's yesterday talked about higher cheese costs. when restaurants start talking about it, they pay wholesale prices. >> exactly the question is, whether they have pricing power to pass that on to their consumers? some of them and some do not. mary? >> amongst the last three major

indices to fall into the red following those comments. we're off the lows of the session, however, still the markets feeling a little weak despite the good news on the jobless claims today. and let's take a look at some of the groups leading the nasdaq lower today. semiconductors among the weakest group. investors are finding a safe haven in some of these big-name tech stocks. facebook, apple and microsoft, who are all trading to the upside today and amongst the strongest gainers in the nasdaq 1000. as investor move money into these safer names, they're selling other names. that's hurting russell 2000. over the last month it's down

5%. a couple of percentage points more than the nasdaq, s&p as well as the dow joins industrial average. now, retailers are a sore point today. costco missing estimates. that's carried into other brick and mortar names, staples is under pressure, bed bath and beyond, and amazon. investors continue to sell the internet retailing giant. mylan cutting the top end of its full-year earnings. it's off just about 7/10th of a percent. the market is rewarding those companies that are coming in with better than expected results. as a result, both of them are among the winners that we're watching on the nasdaq, even as the index is down just about --

what is it right snow? just about 7 points. off the lows of the session. back to you, sue and tyler. let's send it up to morgan for a quick market flash. >> let's check out deutsce bank. they're being called for rick-control deficienciedeficie. we welcome back andrew, managing director of global investment solutions at morgan stanley. andrew, when we had you on earlier this summer, you called the turn in this market, you were calling for more volatility, that's changing now, tell us what your strategy is? >> i think classically that saying, sell in may. as we get -- this is going to continue for a couple of more weeks, at the end of this month, the focus will turn to good

corporate earnings and interest rates where they are, the multiple will continue to expand so this is the time that you want to think about what stock do i want to own in that period? this is the time you want to selectively use this weakness to step up. >> christina, tell us what your strategy is at this point. >> to ensure clients match their asset allocations. we could see a further slide before there's any kind of improvement. what we really need to understand is the backdrop, there's this handoff going on from the fed to fundamentals. stock market investors have come to the realization that the fed may raise interest rates sooner

than expected. it hasn't started to show itself in stock market deterioration until recently and that's because stocks have been made more vulnerable by that realization, a less acome da tif fed. >> the headline risk that we saw this morning in iraq, andrew the first time that the u.s. has tentatively moved into that particular conflict, you mentioned geopolitical risk, i'm assume that tops the list. >> yes. spikes in oil causes a recession. >> other than the geopolitical risk, is the fed top of the list of kind of what keeps you up at night or not? >> what's concerning is that handoff and the volatility that could come with that, but we

have expected that. investors who have a longer time horizon this is really an attractive opportunity not only to invest in stocks but high yield bonds. but they're more attractive than they were in terms of spreads. they're not screaming buys yet. for that investor with a longtime horizon, those risk investments make a lot of sense. >> there are very large money managers out there who are underperforming, they'll have to play catch-up, you feel like they're going to go into large-cap u.s. equities. >> multiples aren't that high and what better way -- it's the safest place to play in the u.s. equity market. they're liquid. so, these market leaders, health care, energy and technology, in particular, those are the stocks that are going to lead this market in the fourth quarter.

>> do dividends play into the strategy or not? >> absolutely. what we need is income and we're not getting income from a lot of places. we saw the treasury, the yield is done. dividends play an important role. for baby boomers it's the current income -- >> excuse me, at the white house briefing moments ago, all options are on the table when it comes to iraq -- all options on the table when it comes to iraq that's from the white house briefing taking place right now. we'll continue to give you the headlines as they feed them to me. the market is down 46 points on the day. there's the press secretary addressing the white house press corps. it might be a very interesting day to say the least with what's going on. >> there will be a flight -- i don't see rates going up any

time soon the bond market is telling you that there's a handoff but the rates are not going up, that's what leads me to believe that multiples can expand one tappering is over. >> do you agree. >> absolutely. i think tappering is certainlying coming to an end. tightening is at our doorsteps. investors need to recognize that that's a vote of confidence in the economy. >> sometimes the markets don't look at it like that. >> if there's a seller of u.s. treasuries what are they going to buy? >> u.s. stocks, perhaps. thank you, guys appreciate it. all right, thank you very much, sue. 24 hours after wahl greens says no to inversion, keeping their headquarters in the u.s., chicago, rather moving it aboard for tax reasons, is anyone

following in their foot steps. >> walgreens, it's mindful of ongoing public reaction and its unique role of an iconic consumer company. make of pharmaceuticals devices are they likely to feel the same? no. if you're prescribed a drug necessary for a health, you're probably not checking to see who makes it before taking it. companies want to get it done by the end of the year. intere interestly, medtronnic's earlier deal this year, has an autoclause. the market is putting 60% chance on deal completion. it's hard the know how long this trade will continue. but i'm told there are still

multiple deals being worked on within the health care space that may tend to be inversions. let's transition now to shares of bank of america, a pretty steady this year as you see year to date, basically flat, steady is too complimentary, wouldn't you say? down a little bit. but the big question for today regarding the company is the future of the ceo brian moynihan as the company nears that $17 billion settlement which would be the biggest in the history of corporate america with the federal government over mortgages. this is the most expensive $4 billion that bank of america ever spent when they bought count countrywidth. >> it was countrywide and merrill lynch that led to the packaging and sales issues that they're now fighting for, it's

been a long road for brian moynihan. the ohio-born lawyer who took over bank of america, started the first of january 2010, the stock is now flat, relative to that, it was within 15 cents of what it was on the day before he took over. rather the fact that he inherited a mess with liabilities like the one bank of america is attempting to settle right now. bank of america has paid at least $60 billion to settle a wide spectrum of suits. many of those deals were done by countrywide companies. but nonetheless it is now responsible for their ils. a potential settlement for $17 billion at the high end. some insiders suggested to me, a

figure higher than that, it would be hard to justify to the company's shareholders who have waited years for increased dividends. but for now, tyler w the federal judge having slapped down the company's historic conduct as a brazen fraud and giving them $1.3 billion judgment that happened on a day of a key meeting between the company and the justice department over this settlement we're discussing. this figure may be the best possible outcome. >> thank you. i think moynihan should be played in the movie by conan o'brien, he looks a little like him? thank you. sue, down to you. just minutes ago, we got a report of an earthquake in hawaii, it measured just above a 4, so far, no reports of damage, this comes as a hurricane and as another major storm is now zeroing in on the islands. jim cantore is on the big

island. >> good morning from downtown hilo the middle of the night here, we have a six-hour lag from the east coast to the united states. we already had some rain, the outer bands and the outer fringes affect the big island here. the radar shows rain throughout the entire island chain. we have hurricane warnings here. the first time since 1993 we have had hurricane warnings for the big island. if we get a landfalling hurricane here, it will be the first one on record. areas in the higher elevations could see winds over 100 miles per hour, they could power for days. that's what officials are telling everybody and what to expect, because we could have those stronger winds and the surf is going to be incredible. 25-foot waves, nobody has come out here needs to get in the water. vacationer ins have been cancelling. and airplanes have been

cooperating to help get back to the mainland. the island chain hunkering down and julio to follow for the latter part of the weekend on sunday. a one-two punch, a very rare situation here for hawaii. >> all right, jim reporting for us. preparing for a pandemic, what are hospitals in the u.s. doing to get ready for the worst? are they doing enough? we'll ask a gentleman who wrote a book about it. you might be surprised by what he uncovers? go to cnbc.com to vote and weigh in. bed bugs catching a ride on a new york city subway. we'll have the very latest. 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

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welcome back to "power lunch." white house press secretary josh earnest is briefing reporters as we speak, detailing a possible american action in iraq, he's been asked by reporters about whether the united states is contemplating air strikes in that country and what josh has said is, he's not going to rule anything in or out. the white house also saying that the president has demonstrated a clear willingness to take the kinds of military actions that are required to protect america's core interests. he also said that the president maintains a commitment to not

put american boots on the ground. we'll bring you more details about his comments that seem to leave open the possibility that the united states would do more than just a simple air drop of supplies to support besieged populations under attack from those isis forces that have been moving into iraq from the north. that's it for now, we'll bring you more details as we get them. morgan? >> check out aetna, after goldman sachs downgraded the insurance to neutral. other health insurers falling as well. all moving lower. >> morgan, thank you very much. in less than an hour the cdc director will testify on the ebola outbreak. it's level 1, the highest state of alert and the first time it's done that since 2009.

we want to know what you think, do you think the u.s. is adequately prepared for a pandemic? you can vote right now, on cnbc.com. meanwhile, irwin is a columbia university professor and author. professor, welcome. >> thank you very much. >> is the country ready for a pandem pandemic, obviously ebola is a me nacing disease, not at the scale of a pandemic yet, but there are others, influenza, there's m.e.r.s. and sars out there. >> exactly. i want to make a distinction. ebola is not a pandemic-type vector. we're the real worry is as you say is the type of avian flu or the h 1n1.

virus. >> are we ready? >> to put it simply, no, we're not ready. it's been a gradual erosion the amount of funding available to fund our health departments across the country, the local health departments, massive cutbacks since 2003 it was originally $500 million, it ee' now down to $250 million. >> are you talking about federal money that's been cut? >> federal money has been cut. some people call it low-hanging fruit. public health money is in jeopardy and it's been falling. we're concerned. >> can we withstand an influenza pandemic of the sort that happened in 1918? >> that's exactly what we're mostly concerned about, those massive global pandemics where we have tremendous numbers of people getting sick and fatalities. many of us thought we would have

been far better prepared than ten years ago. >> are the funds that have fallen to $250 million are they the victim of low-hanging fruit, the victim of politics? >> they're the victim of not having enough advocates to make sure that the federal government does what what it needs to do as far as preparedness. the politicians or the political realities make it easy to cut those funds back. >> what needs to happen beyond increased funding in. >> we need more organizations of our resources. training in hospitals. incorporation of in-patient and outpatient resources. there are many things. stock piling vaccines. make sure they're at scale. and it gets, a number comes out

not necessarily the scale that we need. >> very quickly, what is the medical risk in this category that worries you the most? i mean, obviously, 10, 12 years ago, we were very concerned about weaponized biological anthrax. does that worry you the most or is it an influenza that worries you the most? >> anthrax could cause tremendous amount of problems. i'm more concerned about a natural-occurring pandemic of the avian-flu type or someone manipulating for evil purposes for a virus that may become a pandemic. i do think we need a lot more investment in making sure that the country is prepared. >> professor, thank you very much for being here. >> thank you. let's take a look at the vote, the viewer vote, is the

u.s. prepared for a pandemic, a majority agree with the professor, 62 prkt say no. 38% say yes. how about this story? the mta in new york city says it's continuing to do spot checks on subway trains after bed bugs were found on four n-trains in manhattan. as well as two cruel locker rooms in queens. it goes from queens through manhattan, it circles back and heads to brooklyn. sue, they're back in service after being fumigated. all right, it's a ceo cell feen feud of epic proportions. a deal between sprint and t-mobile is off the table, the gloves are coming off as well.

#y #youdon'twanttomissit. can white-collar crime make you unlimited cash? coming up, the hardened criminal who changed his crime to get less time. that's next, right here, on ""power lunch."" machines will be sprayed to be made. and making something stronger... will mean making it lighter. one day, factories will work with the cloud. one day... is today.

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systems, forecasting full-year profit below market expectations. now, the company had posted better than expected fourth-quarter results. that company is currently trading down just over 3.5%. >> a convicted felon behind bars believes he's found the way to make crime pay. here's the story. >> we're talking about a violent criminal serving 12 years in prison for gun point robberies. according to prosecutors that's where he mapped out a plan for his future. he turned back to crime, but this time with his personal guide by his side. >> he's now going to spend some time in prison for committing a white-collar crime. >> he set up an elaborate check-cashing scheme, even

recruiting seven people to help. she said he steals names of real franchise corporations like taco bell, staples and opened up phony business checking accounts. his organization then cashed hundreds of cash, money began flowing in. but his new criminal career came to a crashing halt when officers showed up to his house with a warrant this for a separate domestic issue. >> when this went in, they saw a paper crime mill, the makings of a fraud crime, all of these fake checks written in different companies and different people. >> investigators uncovered more hidden inside weems' house, this guide to white-collar crime. called "crime pays." >> it's very detailed. >> she says it was penned by

weems while serving a decade of time. >> he goes on the say that people involved in it faces minimal and he capitalizes this no consequences at all. >> weems boasting he holds the highest degree of criminalology and that unlimited amount of mu money can be made overnight. >> there are disclaimers about what to do if someone is on to you, how to get rid of evidence. >> he also previews what could be a second book. >> volume 2 was basically how to pass fake business checks, which is what we had here. >> weems may want to rethink the title crime pays, and call it how to get ten more years behind bars. that's exactly what he call for the fake check scheme. thank you very much. metal markets closing right now.

a volatile session today. we have gold market up, $4.60. platinum has been the big winner, up 1%. to the interest rate futures and rick santelli. >> hi, sue, listen, viewers, listeners, pretend that these aren't charts of interest rates but charts that you're long and be objective. you can see that we're about to make a new yield low close for the year, all we have to do is settle where we are now. but let's open the chart to the two-year, yes we have a new lower yield. this chart does not look good. and if it was a stock i don't think you would be wanting to buy it. it doesn't end there. let's look at what's going on with regard to uk, look at their intraday. they closed on 2.48%.

it's like hanging off on ski cliff. let's look at the bund. two-year chart, it doesn't look as aggressive because these-year-olds are the lowest ever in the euro zone. of course when it comes to what's going on with equities here's the canary in the gold mine. so similar to the other patterns, we want to pay close attention to all of these charts and even though i don't have a chart of the euro and the dollar, you know the story there, euro isn't being played out well. the benefit to the dollar. >> rick, that was terrific. a great way to put the whole world into perspective. thank you so much. we're going to focus on russia's stock market which is down 16% over the past month, is it time to invest there? we'll talk about that next. plus -- >> today's power house, is the

sight of the 1962's world's fair. birthplace of jimmi hendrix. can you name that city? your 16-year-old daughter studied day and night for her driver's test. secretly inside,

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lunch." we're watching shares of netflix up near session highs, up almost 4%. in a facebook posting, that skub scriber revenue totalled $1.2 billion. he said in a facebook post, they still kick our as in profits and emmys. but we're making progress. those shares up 4%, sue, in today's trade. >> dom, thank you very much. all right, overseas car bombs in the kurdish city of kirkuk killing nine people. our international correspondent michelle caruso cabrera tracking these developments. >> reporter: nbc news has learned that president obama is considering air strikes as well as air drops of food and

medicine to address a humanitarian crisis in north iraq because of that situation. minorities are stuck on a mountain after death threats from the isis. another group of minorities, hundreds of christians marching through a city under kurdish-controlled city, they were given an ultimatum to convert, leave or be killed. as the peshmerga are prepared to go on the offensive. a commander said his troops are only four miles from those isis fighters and the violence threatens the oil production in the northern iraq. the car bombs in kirkuk, which is home to a massive oil field.

three publicly traded oil companies with heavy exposure in the region fell today. also listed in london, gulf keystone fell 15% and dno listed in oslo fell by 9%, they have fallen all week, sue. >> understandably so, given what's going on there, michelle. thank you very much. appreciate it. all right, staying overseas, on march 18th, former white house press secretary jay carney wasn't favorably disposed of the russian stock market. take a listen. >> i wouldn't if i were you to invest in russian equities. unless you're going short. >> apparently he was wrong, though, after those comments, russian markets have shot up. since march 18th, the index is up about 4%.

joining us on the phone is cio at leader capital who says now is the time to invest in russia and he's done that. he's put more than $20 million into the russian markets this week. why do you think that russia is a good bet right now given what's going on in ukraine, the mazing of troops on the border between russia and ukraine and the tension between the u.s. and mr. putin? >> look, if we back up to march, to reiterate what's gone over there, the european union had an opportunity to bail out ukraine, they passed on it, they offered him less than a $1 billion, putin stepped up. our white house got upset about that and then the fight was on. what's more important it's a terrific opportunity to invest in russia, we're fixed income managers, we think -- we have a propensity to that way.

there are some terrific names in russia. ukraine is nonstrategic and should get resolved here sooner or later. i would suspect this week or next. g gas prom, it earned $35 billion last week. exxon only earned $33 billion. the way we're playing it, we're buying the dollar denominated bonds in russia, we're getting 8% to 9%. another 10% to 15% in upside when this thing is resolved and those bonds go back to a normal level. they're all investment grade. they're all large-cap companies. i just think it's a terrific opportunity here. i think ukraine ultimately is nonstrategic. >> do you have any ethical issues given the situation and

some of the humanitarian issues going on over there, are you factoring that out completely? >> not factoring it out completely. i think putin took crimea with two, three deaths at the most, i'm not slighting human life at all, i'm saying, i really think that the situation has been managed fairly logically and we don't get paid to -- to, you know, weigh in on humanitarian issues. we really get paid to spot opportunities and you know take care of our shareholders. and think that in that vein, that's my task. >> i take your point. i get it. you're paid to make money for your investors. >> yeah, but, i think the sanctions probably hurt europe even more than russia, so i think, again, it's another white house debacle. that's what it looks like to me

and i think america el and putin are certainly capable of working out their differences. i think there's plenty of dialogue there. >> john, thank you for joining us. best of luck. >> appreciate having me. call it the clash of the tell com titans with sprint abandoning its plans to buy t-mobile. the ceo took off their gloves on twitter. it got sort of feisty. >> very feisty at least on one side with one of these ceos. we could be gearing up for a wireless war between the third and fourth largest carriers. on one side we have the t-mobile ceo and on the other side we have the incoming ceo of sprint.

he these are both big personalities and both disrupters. slashing prices for mobile services. distributing cell phones in risky markets. john has blasted sprint. one more reason to leave sprint and join t-mobile, now you might just have it. total chaos at sprint. let's look at another one. it looks like sprint has a new family member. one more, t-mobile has surpassed sprint, we're now number one in prepared wireless. sorry, marcel, you're behind. for his part, he tells shareholders he plans, to act, quote, very decisively to

attract consumers. t-mobile has been added the most in the industry, many of them coming from sprint. so prices could be the next battle ground for these two. take a look at plans for a family of four. t-mobile is the cheapest of the bunch. now, will sprint cut prices to match? don't forget, that we also have verizon and at&t out there, they're also trying to stay competitive in this landscape as well. >> did you mention beckham, is he in this? >> i did. he's in this. >> you can never get too much beckham. >> you can't. >> morgan, thank you very much. the dow way off its lows of the day, now down just 24 points, up next -- we'll take you to the powerhouse. [ male announcer ] andrew. rita. sandy.

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lunch." utilities are rebounding from losses earlier in the week. that put sector nearly 10% below the highs for the year. if you look at the resurgence, check out names like nextera center point energy, wisconsin energy, also ppl corporation, a slew of these names, remember utilities one of the best performing sectors on the day's trade. sue, back to you. >> thank you. it's power house time. today we're focusing on seattle. now with is robert macdonald. >> thank you for having me, sue. >> let's take a look at the seattle metro area. median sale price is 453,100. inventory of just over 10,000. days on the market, 24 days. today we're focusing on the neighborhood of green lakes.

interlake avenue north unit a. taxes just over $3,200. tell me about it. >> sue, it's a beautiful contemporary townhouse, built in 2005, you have vaulted ceilings in there and set on 85th avenue. it's good value for what it is. it's very large for a townhouse. it has a private deck. lot of house in green lake for $419,000. >> put it in perspective to where green lake to seattle. >> just north of the lake washington ship canal and centrally located between i-5 and aurora. easy to commute to seattle. many features that make it an awesome place to live. another thing about green lake, it has different neighborhoods

to it. there's a putt-putt golf course. many things to do. a fantastic place to be. >> the second listing which is 2212 knot 77th street. seattle, list price is $820,000. four bedrooms. three bad rooms. 2440 square feet of living space. >> this is a brick tudor, it has been fully restored by classic city homes. it has four bedrooms, three bathrooms. there's an alleyway behind it. the kitchen has been updated to a modern feel. you see this with classic houses in green lake, they're updated inside to feel new but they keep the historic charm on the outside. people fell in love with these types of houses. >> yeah, i don't think anything

stays on the market in your neck of the woods. let's go to power house of the week. tax justs under $9,000. four bedrooms. 3.5 bathrooms. give me the details. >> stunning. modern. new construction. it was built in 2013, it has nine-foot ceilings throughout. another thing that's very unique is the custom-design of this house. it brings in natural light from many different sides. it's very convenient to walk, a few blocks down to green lake, five blocks away. it also has radiant heat underneath the floors which heat the house and it has custom floors to acod mate the radiant heat. this house is just stunning. in green lake, we're seeing just amazing, you know, new construction and properties like this, the builder confidence in

seattle is very high, there's construction not only in residents but also in condos. and opportunities like this don't last long. although, you have 24 days on the market in seattle, only 14 days on the market in green lake and an absorption which satisfies a week of demand. we're seeing really healthy appreciation there. >> robert, we'll leave it there. i'm glad that beautiful seattle is doing so well. all of those beautiful houses and putt-putt golf to boot. talk about powerhouse heidi cl klum is saying auf wierdersehen to her los angeles mansion at $25 million. it's set on 8.5 acres with a affinity pool, rose gardens and fountains and much more. just call heidi.

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welcome back to "power lunch," check out boston seen tiffic, it's falling after it was subpoenaed by the u.s.

attorney f attorney. this according to a report from the wall street journal citing a regulatory filing. meanwhile, on the other side, you've got barnes and noble moving higher, it's teaming up with google to take on amazon for the speedy delivery of books. now a look at what's coming up on street signs. >> thank you very much, domes d we're going to get the full story, what's really happening, what's likely to happen and what the scenarios could mean for our markets and your hard-earned money and there's also russia. but because we don't want to get you down, we also have a gem, a true gem at the end of the show. it's all coming up in about five

minutes' time. ""power lunch"" resumes after this break. ♪ during the cadillac summer's best event, lease this 2014 ats for around $299 a month and make this the summer of style. is caused by people looking for parking. in a city that's remarkable that so much energy is, is wasted. streetline has looked at the problem of parking, which has not been looked at for the last 30, 40 years. we wanted to rethink that whole industry, so we go and put out these sensors in each parking spot and then there's a mesh network that takes this information, sends it over the internet so you can go find exactly where those open parking spots are.

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even though the dow is down, take a look at that transports they're up by almost a quarter of a percent.

we're closely watching the-year-old on the ten-year note. rick santelli pointing out the fact that there's a bid in treasuries. >> all right, let's look at the markets right now. two down, one up. the dow and the s&p, modest losses. du the nasdaq is positive by about two points street signs begins now. see you tomorrow. stocks sliding again as russia fears trump. hi, everybody. a very busy thursday. the latest on the conflict on ukraine's border and air strikes might be coming in iraq. plus, why passwords are still being used to logon and the man who might be the most hated person on wall street. >> thank you very much, brian. let's take a look at what's going