thinking about the fed, you should be thinking about banks because even though rates aren't going up, it's still good. >> gilead this morning. doc? >> american eagle. >> great weekend. we'll see you on the other side. "power lunch" is next. "half time" is over. "power lunch" and the second part of the day is starting now. >> the first game is over, and boo hoo, the packers lost. we'll get to that and more but let's start with the 142,000 jobs. those were the numbers from august. not great, well below expectations. that brings up a ton of questions, most especially for this person, janet yellen. what will she do? what will miss yellen do? and tesla's big bet on nevada. the desert state, beautiful state, set to build a giga

factory there. that's a battery factory, in case you didn't know. wait until you meet the brothel mogul who helped make it all happen. sue in the nyc. >> stocks are fighting back from earlier losses. the dow and the s&p now both close to wiping away the week's losses. right now the dow is up about322 points, the nasdaq up 4, and the s&p up 4 as well. after that jobs report, you can see that on the left side of your screen, things have normalized a little bit at 2.43% on the yield. the dollar heading for eight weeks of gains. best winning streak in 17 years. that, of course, as the european central bank puts in more qe. oil and a lot of the commodities today have been on the down side. ice brent crude down almost 12%, same for stexas international.

in terms of other moovrvers, co goldman sachs, boeing the biggest drag, but they've also improved. we want to call your attention to biotech. it's down about 1%, a little less than that now, but up 40% in a year. and the ibb is the trek that tracks the biotech stocks. morgan is going to break down snft additional movers for us. >> biogen, gilead falling down on a licensing deal to allow generic drug makers to manufacture lower priced versions of its drugs. all these names are of double digit percentages so far this

year. back to you. >> we're talking about our cell phones here, but we'll move back to u.s. jobs growth. slowing to its lowest of the year in august. that was a shock to investors who had seen a stream of steady gains above 200,000 in the previous six months. he needs a case for this thing. so does the change in those jobs numbers change the growth outlook? our senior economics reporter steve leaseman breaking down the latest report, and hot off the press, his rapid update report. >> it doesn't change the economic outlook or the growth outlook and i've got the numbers to prove it right here. despite this disappointing jobs report, economists are sticking with pretty upbeat growth numbers for this, the third quarter. ten economists are polled every day when we have a big economic number. the trend is at 3%. from 2.5 to 3.5. pretty wide range. it gets narrower as the quarter

comes to a close. at the top, 3.5% where he's been for the second quarter in a row. morgan stanley, 3.3, gold man, 3.2, and barclay's bringing up the rear at 2.5%. there is debate whether it's a trendsetter, whether it will change the outlook for the federal reserve. 142, 83 short of the estimate. three-month average still pretty robust at 207. taking it down for the wrong reasons. and average hourly earnings better than they were, but still at 0.2%. congress reacting directly after the numbers were skeptical that it was telling the truth. >> i don't believe it. i don't believe this data. it's not consistent with anything, anything. it's not consistent with ism,

it's not consistent with adp, it's not consistent with unemployment insurance claims. >> i think with everything else coming in on ui claims, ism, this is a blip, and maybe things were stronger than they seemed before, but i think the underlying trend is still around 200,000 jobs a month. >> all in all, it was a weaker report and somewhat at odds with the other indicators, so i wouldn't place a huge amount of interest on it, but it does deserve some attention. >> so how much attention did the feds give it? it backed off some where it thinks the feds will be next year. maybe this number, tyler, clips the wings of the hawk just a bit. >> it would seem to take some wind out from under their wings, at the very least. i hacked your phone, by the way. >> there's a lot in that phone, trust me, ty. is the weaker than expected jobs

report raising any concerns about the state of the american consumer? joining me here again at nyfc is steven och. good to see you, steve. also joining us is jack avalon, chief investment officer at bmo private bank. good to see you as well. steve, let me start with you since you're right down here on the floor with me. we have seen a string of really pretty good data, and this is a fly in the ointment. but do you think the american consumer is showing any of the weakness that may be reflected in this particular report? >> i don't think we're seeing it. we just had the august consumer index which cycled high. the u.s. hit an all-time hiatt least since 2006 in august. the housing numbers have been pretty good. there's too many good things going on right now in the u.s. economy for me to expect anything other than an upward revision in this number.

august is a number with a lot of seasonal adjustments. >> it's a sticky number, as they like to say, right? >> yeah. >> jack, i know you disagree on the state of the consumer. you think perhaps things are a little weaker than steve does? >> i do to some degree. i think we're not seeing the income growth that we would like to see at this time during the recovery. i do agree with steve, i think that the number -- the employment number that came out this morning is off a little bit. i'm not an economist, but i do have a model that looks at adp versus private payrolls. our adp model suggested we should have had about 200,000 in private payroll, so we came in about 136. that is a little bit likely to be adjusted higher. it certainly does not change our forecast, but i do think that if we're going to rely on the consumer to poll 70% of the economy, we're going to be somewhat disappointed, unfortunately. >> steve, does this change ms. yellen's timetable at all on

interest rates? does it give us a longer period of qe? >> there is something the market wants that timetable to be. ms. yellen wants to delay this as long as she can. she wants to get as far away from '08-'09. she was in there with the core melting down, so i think this gives her more ammunition to hold off the hawks. i think the consensus is she's announcing a raise in december. we think this gives her the opportunity to push that back. we got draggy this week announcing qe. despite all the positive economic numbers, we're sitting down here below 2.5%, so i think we've got a goldilocks scenario for equities. we've an accelerated economy in earnings. >> would you agree with that? is equity still the place to be? >> i believe it's the biggest

headwind. i also agree with steve that yellen wants to hold off rate hikes as much as possible. he made an interesting point at jackson hole saying at the riskrisk of doing too little to stimulate far outweighs overstimulating too much. i agree with that. i think they would like to see the rate at over 2% before they say the coast is clear. >> have a good weekend. ty, up to you. tesla charging up nevada's economy, an eye-popping deal. a lot of different layers to this story. phil lebeau is in reno, jane wells is in l.a. and scott kohn is in san jose. phil, you first. >> they are spending thousands of dollars to get tesla to build its giga factory here.

let's go to jane wells. >> phil, we're going to meet the man behind the land where the tesla plant is going to go. he wears many hats. owns a lot of things, including mustang ranch. yeah, that mustang ranch, frank kohn. over to you. >> jane, nevada is not one of america's top states for business, not even close, but it did win this trophy. at what cost, though, and do these incentives really work? we'll take a look at that, coming up. >> scott, thank you. you can join the conversation. even musk says tesla stock is too high now. do you agree? cnbc.com/vote and tell us what you think. we'll be right back. while every business is unique,

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find new ways to save energy and money with pg&e's business energy check-up. welcome back to "power lunch." two stocks bucking the trend. jazz and vertex. vertex was going to buy and has a price target of $131 a share. each showing gains today about 40%. sue, back to you. >> tesla shares have been on the move in today's trading session while announcing nevada the winner of its battery factory, they said stock is high. it's big on the year, 83%.

what do you think? go to cnbc.com/vote right now and weigh in. a lot of different story angles to this deal and we have them all covered for you. phil lebeau is live in reno, scott kohn is on the west coast. phil, you go first. >> so there's a lot of questions about how much they're paying for this. when you look at the giga factory and the tax numbers being offered, the state of nevada is offering tesla up to 1.25 billion in incentives. the uptick will be at least $40 million and it will create 6500 jobs of which the annual or the hourly salary, i should say, will be at least $22 an hour. tesla will not pay giga factory sales tax for 20 years. those are some great incentives. but last night when we talked to musk, they said it wasn't the

richest deal, nor was it the money that made nevada the choice for tesla. >> the biggest single factor was time to completion. unless the giga factory is ready when we need to produce the mass market affordable electric car, the giga factory will be sold. so time execution is extremely important. nevada was in the lead on number one to time to execution. >> when we talked to elon musk, he also said the company will exceed expectations in the long term. near term there might be some questions there, but tesla seems stronger for a number of people. one area to keep in mind, guys -- china. he told me china's eb demand is running very strong right now. we'll see when the numbers come out for the quarter how tesla did when it comes to chinese deliveries. ty, back to you. >> jane wells getting lots of credit for the deal, of course,

but there is a finger of who was instrumental in tesla going to ne n nevada? >> lance skillman wears many hats. land developer, former county commissioner, farmer bravo owner. >> i'm not going to call this a receptive business, but this business rolls. >> he took us on a tour of his ranch outside of reno in story county as we talked about the local economy. but what he really wanted to show off was his massive tahoe, reno industrial park. >> that's the walmart distribution center. >> there's also a toys r us there, petsmart. the parking lot has 35 acres of industrial property, over $100 million of structures already built in, built completely with

private money. even the freeway offramp in a county where the process is fast and the red tape is minimal. >> so you're in the middle of the largest industrial development of its kind in the united states today. you're going to find that reno per capita has more distribution square footage than anywhere in america. it is a perfect location for distribution. you can reach 85% of the market from this location overnight. we can deliver a building permit in 30 days or less. >> did you hear that, a building permit in 30 days or less. that's what elon musk wanted to hear. also this week, fulsome biotech has announced they will build in the industrial park. this is his biggest win so far, and who knows, it may also be good for the mustang ranch, too. tyler? >> that would be synergy.

a package to woo tesla in nevada clocks in as one of the largest in the country with the total value to be 1.25 billion over 20 years. but are these massive incentive deals worth it in the long run? our scott kohn is breaking it all down for us. scott? >> in picking nevada, tesla did not go for nevada as one of the top states for business. nevada comes in at a less than stellar 25% overall. it does include one of the worst education systems in the country. tesla did go where the money s. a 1.$1.25 billion incentive val, more than twice what the company had asked for. tesla will be operating tax free in the state for years. in exchange, nevada gets a promise of those 6500 jobs and about a billion dollars in

investments. a good deal? some watchdog groups have their doubts. >> all too often, tax breaks are not worth it because you're taking money away from other things that matter to all the other employers. so small businesses in nevada will have less money into the education system and the job training programs and infrastructure and things that matter and benefit all employers. >> here's a look at america's top states for incentives. the biggest incentive deals according to the group good jobs first, washington state takes two of the top five with two big breaks for boeing, 2003 and again last year. new york gave a big break on electricity costs ask nike cord big. it cost the state around $200,000 per job. will it help nevada's ranking

among our top states? we do look at job growth in the overall economy, but we also look at education and the state budget which apparently will not help them at first. >> we ask would you agree with elon musk that stock in tesla is a little high right now. 41% of you agree with him and say no, 59% say yes. a girl's best friend, perhaps? they are extremely rare and expensive. one of the biggest mining companies is bringing an incredible collection together. you really have to see this. jobs are stalling, so where are the jobs in america right now? mary knows she's in longs beach port. hi, mary. >> hi, sue. jobs in the maritime industry, hiring is, well, full steam ahead.

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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. the collaboration with citi was important for providing us the necessary financing; allow this small start up to go provide a service to municipalities. citi has been an incredible source of advice, how to engage with municipalities, how to structure deals, and as we think about internationally citi is there every step of the way. so the end result is you reduce congestion, you reduce pollution and you provide a service to merchants, and that certainly is huge. we're changing the way we do business, with startup ny.

we've created tax free zones throughout the state. and startup ny companies will be investing hundreds of millions of dollars in jobs and infrastructure. thanks to startup ny, businesses can operate tax free for 10 years. no property tax. no business tax. and no sales tax. which means more growth for your business, and more jobs. it's not just business as usual. see how new york can help your business grow, at startup.ny.gov welcome back to "power lunch." i'm morgan brennan. the s&p up to 23 points leading the way. the utility sector is the best sector leading the way today. ener nrg energy, followed by x krrkl

energy. rio tinto's are hitting the market. it begins today in new york, followed by vuiewings in hong kong. it's hard to believe these start as tiny pebbles deep underground, but of course they're buffed up and turned into something very valuable. this girl's best friend is estimated at a little over $100 million. rio tinto down a little bit today. apple will step up security measures for user accounts despite repeatedly telling the world its icloud was not

compromised in that celebrity hacking scandal. as we get closer to that big apple event on tuesday, expect new products, maybe a big screen phone. some are wondering whether apple could have, should have done more to prevent such a mishap. eric, welcome. should they have done more? >> clearly they said they should have. for one thing, there is this two-step verification that apple has. i use it routinely on my gmail account, but frankly, i didn't even know apple had it. i had to remind them of that, and they said, yeah -- >> but they haven't publicized it. >> no, they could have done a better job. >> that would have made it harder, for the very least, for someone to hack in? >> it would have been made it essentially impossible, because hackers like things easy. >> what happened here, what apple says, is that people's

devices were compromised because there were a couple ways into the data that were stored on the cloud, right? >> right. these were individual accounts that got compromised probably in a variety of ways. we don't know all the details of how it was done yet, but they have a little information about the devices or the accounts themselves. then they just guessed. they just guessed the passwords using auto mamated procedures, automated programs. basically thousands of guesses all at once. >> but the apple system would have cut them off after i number of guesses? >> on most you have five chances and you're done, you can't break in. on this program, it allowed an unlimited number of guesses. >> does this in any way cast a cloud on apple and on the cloud, particularly with the big day coming up for them? >> apple will be bringing on a lot of new features, health kit

and home kit. those have privacy and sensitivity implications, so the timing couldn't have been worse, but i think it's learned its lesson a little bit here and i think it's taking all the right steps to show it's locked everything down. >> bottom line here is use that two-step authentication, especially when you post your naked selfies. >> absolutely. >> thanks very much, eric. sue, down to you. quiet on this day today, the gold market on the recession. the bond market is in focus today given the employee numbers we got this morning, the debate about qe. rick is there to cap it all. hi, rick. >> central bankers have an offshoot of their central activities. everybody is on the same page. if you don't believe it, just look at the marketplace at 8:30 eastern. we see what happened with our ten-year. went right through the brink of maybe crossing into a bear i can

moment of yields above 245. it didn't, but it's still hovering. remember, it closed at 2.40 last year, here we sit at 2.43. see our equity markets? a look at the dax. the dax is actually safe in a closing number there. that's the only market that didn't hold onto that move because many traders continue to press the side of that currency. tyler, back to you. >> rick, thank you very much. as part of the series "where the jobs are," we look at how they're filling the skilled labor gap. in focus today, shipping. mary thompson is at the l.a. long beach port, one of the world's busiest seaports, with that story. hi, mary. >> hey there, tyler. after a slowdown following the recession, global trade is on the rise again. in 2012 it topped 9 billion cubic tons for the first time ever.

but that growth is facing a squeeze on the maritime industry with the firing of thousands of officers over the next ten years, officers needed to run tugboats like this one and cargo vessels like that. >> the jobs globally has taken the supply of jobs away. >> ted crowley runs crowley maritime, a business that runs 200 vessels around the globe. to help him fund the workers he needs over the next few years, he works with the maritime companies and the unions. the unions recruit replacements, mostly entry level workers who can choose to jump on the officer track once they have the required time on the water. >> we may have taken our poll at two people for every job all the time. in a realistic world, what would you like to have? two and a half people. is that hard to do?

it's very hard to do. >> it's hard to do because the pool of officers available is aging, and new regulations need more time needed to replace them. to get them on the officers' track, the unions now offer apprenticeships to get them the needed time on the water as well as internships. it hasn't really impacted wages yet, but at times they have to pay signing bonuses for workers. an entry-level worker could make $40,000 a year. a captain, in the six figures. sue, back to you. >> wow. mary, thank you so much. great story. meantime, there is a strike at one of the world's biggest airlines. hundreds of flights canceled. we'll have details on that, straight ahead. plus america's great divide. a new fed survey showing the gap between the rich and the poor getting wider. will it ever shrink? we're going to have you join the conversation. you can go to cnbc.com/vote.

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welcome back to "power

lunch" and check out sprint, the stocks moving higher on news it was adding regional providers to its roving program. it will boost efforts to achieve its footprint as it fights for the major carrier. taser moving higher on the news nypd will guinea kwibegin a number of its officers with tasers. family dollar saying they will stick with an $8.5 billion stock offer. and starbuck's offering an express store in new york city that will offer faster service and more specialized coffees. stock up about half a percent. the green dollar up, the best winning streak we've seen

in 17 years, but the euro heading for its greatest loss since january. speaking for europe, travel chaos for thousands over there. pilots at luftansa on strike. it was sparked by an early retirement plan for its pilots. meanwhile, some good news for the airlines. brent crude and west texas intermediate down more than 10%, but there you see it moving lower. jackie deangelis tracking the action. hi, angie. >> hi, tyler. a couple factors pushing prices down even lower today. we mentioned the stronger dollar, the best streak we've seen in 17 years. of course that's going to impact crude because traders buying crude in other currencies will

find it more expensive. that pushes the price down. second, the oil market is fairly well supplied, and they are easing as evidenced by this cease-fire between russia and the ukraine. of course right now, this market has seen a nice balance between supply and demand. there's more supply out there, if anything. the good news, of course, is for gasoline. we're seeing ours bob down more than 1% as well. aaa is seeing those retail gas prices go down 10 to 20 cents. very good for the consumer. finally want to talk about that weak jobs number today, because while the market may be saying, okay, not a great print, but we'll see more stimulus. you've got the traders talking about the fundamentals. they don't like this number and that has not been possible for crude, either. wti, around 93 and change. we're seeing brent crude around $100. so losses of a little more than 1% today because , losses at 2% of that dollar.

right now we have the dow jones industrial average up to 43, that's a quarter percent to the up side of the s&p. the nasdaq is up, too, by almost 7 points, and the yield is .2%. also live from the cboe, dan deming with he cequity armor investments. it seems like they're getting a reprieve by those who thought high interest rates were coming sooner than later. >> i think that's true, but people are very skeptical. people are very, very skeptical about that number this morning. it seems completely out of line, so therefore the market once again seems to be confused. that being said, the census rate certainly not going to move higher any sooner than the expectation, which is next summer, right, 2015. >> dan, would you agree with that, and is that what the

market is telling you? >> i tell you, what's going on here, s&p 2000 certainly served as a magnet. i'm telling you right now, that's kind of the same sentiment we have down here on the floor. a little disbelief that the market has been able to come back here, but ultimately we'll see them follow their trend, filter through those numbers of the last 48 hours, and basically for the short term has become comfortable with them and likes to push the market higher. >> it doesn't gel with the rest of the data we've gotten this week. the data habgoos bee has been g. >> you see it improving but all of a sudden you have the biggest number you're looking at completely go off the rails. there's that disconnect which gives that reprieve to the market once again. you got ebc launching, you have all the central banks that are sticking around. it can't really reprice like it should. >> dan, how did mr. draghi's

moves yesterday change the dynamic for our market and for our fed? >> it gave some clarity, sue. it basically bought the cb, it bought the eurozone some time here. it was an aggressive move, what the market thought was an aggressive move, so that's why you saw the action higher. in terms of these two pendulums swinging where we have liquidation in the united states winding down and ramp-up in october. >> kenny, how does the volume look? did we see people back in the market yet or not completely -- that's the one thing that worries me a little bit. >> it's always something we should be worried about. today it's relatively -- >> excuse me one second. we have some breaking news. aman jabers in washington. aman? >> we're getting new information where f-15 fighters under norad

command has scrambled to investigate what is unauthorized aircraft flying over the atlantic ocean. fighter jets have been tracking that flight since about 10:30 this morning. they said the aircraft in question here is a tbm 700 light business and utility aircraft. it departed rochester, new york this morning with a flight plan filed to land in naples, florida, but the occupants of that aircraft did not respond to attempts to communicate, so the aircraft has been followed by norad jets this morning. also we're getting a little information from flightaware.com. you can see that graphic there tracking the flight path of this aircraft going from rochester, new york down past florida now. according to flightaware, that flight is now over cuba. the live data says it might not be available as the flight leaves airpath coverage and enters cuba. also a note from the federal aviation administration saying they have been tracking a

ticotta aircraft that was flying at an altitude of 27,000 feet over the atlantic ocean. the pilot of the faa says it has not been responding to radio calls since 10:00 a.m. eastern time, so no information other than this as of this point as to what exactly has happened to this aircraft that is apparently in some distress here. the faa saying the flight departed from the greater rochester international airport in new york and was headed to naples municipal airport in florida. sue, as soon as we have some more information about this unusual situation in the air, we'll bring it to you. tyler? >> aman jabbers, thank you for that story and we'll continue to watch it through the afternoon. we'll be right back. male announh we wish above all...is health. so we quit selling cigarettes in our cvs pharmacies. expanded minuteclinic, for walk-in medical care. and created programs that encourage people to take their medications regularly. introducing cvs health. a new purpose.

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they just approved a drug for d. but that stock is currently down more than 13%. tyler, back to you. >> morgan, we appreciate that. let's take a look at some pictures of a volcano in hawaii. it is on the big island of hawaii. it's the kilowea volcano and endangering homes in a subdivision out there. this volcano has been erupting since 1983. i remember walking in that area there, and the ground underfoot is still hot when you set foot on it. it's an amazing scene there on the big island of hawaii. sue? >> ty, it's power rundown time on this jobs friday. we're talking the three w's, weakness, wage growth and the wealth gap. ceo of the national urban league, and in washington, d.c., ron christie, former special

assistant to president george w. bush. welcome. >> thanks, sue. >> let's start with the president. he's been under fire overseas while recently touting an improving u.s. economy. now a huge miss on the jobs report. ron, do you think the floor kind of dropped off from mr. obama, specifically at a very difficult time when he's trying to show strength overseas? >> i do, sue. and i think it's unfortunate not only with the president but i think it's unfortunate for the american economy and the american people. the analysts predicted we have somewhere in the neighborhood of 225,000 jobs created the last month. we came in with a very disappointing number of 142,000. the manufacturing, the jobs there was flat. and also i think, folks, when you look at the workhorse participation numbers, there are still millions of people who are out of work who are looking for work who can't find it. this is a very bad narrative headed into the mid-november election. >> the numbers are what the numbers are, and i expect the

august numbers like last august numbers to be modified upwards or readjusted upwards. so the key is we've had consistent job growth. but the real story is the growing wage gap. the growing depression for middle class americans, the difficulty even though we've had almost 10 million jobs created, almost 50-plus months of steady job creation that is still high unemployment, lots of joblessness in parts of the nation, and many americans just don't have as much money in their pocket as they had before the recession. >> perfect segue, because we're going to talk about wage growth coming up right now. the average hourly earnings for private sector workers was up just slightly in august, rising 2.1% from a year earlier, but mr. mayor, that's well off of what we saw in terms of wage growth, which was usually north of 3% before the recession. >> this is an acceleration of a long-term trend. we've had, to some extent, not

robust wage growth at the middle and lower levels of the economy, really for multiple decades. but something about this recession, something is happening in this recession where we're not getting the wage growth even though we're getting job growth, even though we're getting what i would say is consistent gdp growth. as i said before, a small step but an important step could be to raise the minimum wage, for congress to get off its duff and do something. >> let me get ron to comment on not the minimum wage but on the lack of growth in a significant way to wages. >> well, sue, i think if you look at this jobs report, this is the worst jobs report we've seen all year. when you look at wages, i think one of the things keeping wages down, which is keeping payroll down, is the excessive regulations that are being imposed on small businesses across this country that create jobs. if you look at what happened with burger king, for example, their decision to buy horton's

and relocate to canada, we have the highest corporate income tax in the world, and there is a reason that i think our jobs are stagnant stagnant, our wages are stagnant, we are not in a position to secure jobs and to have strong economic growth. >> that leaves me, ron, and i'll stay with you for this one, to the wealth gap according to the wages survey. the gap widened after the great recession. perhaps we shouldn't be surprised, but it doesn't seem to be getting any better, even when we do see some job creation. >> no, i think that's right, sue, and i think when you look at what the feds are doing with monetary policy keeping our interest rates near zero, i think the folks on wall street are doing very well, the folks on main street aren't doing as well with the buyback program they're participating in. i think the wealthy folks are getting wealthier, and we need to take a look at revising not only our tax code but the middle

class income in america. >> that's not realistic that that's the reason for the wealth gap. this wealth gap has taken place over a period of multiple decades when we had a deregulation of many industries. some may argue the other side of that question, but the most important thing is, we need action and even awareness. not even the fed in its recent survey indicates that the rising income gap, wealth inequality is one of the biggest chronic risks to not only the global economy, to the american economy, and it's time for people to start doing something about it. >> on that note, gentlemen, always good to spend time with you. look forward to it every month. ty, out to you. >> take care, sue, take care, mark. >> thanks very much. next, getting out of the rat race.

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welcome back to "power lunch." i'm aman jabbers where we've gotten a few details now on that norad tracking two unauthorized aircraft that took off from rochester, new york originally to florida, now to somewhere over cuba or even past cuba at this point. nbc news providing a little more information here from u.s. officials which say that the two f-15 u.s. military aircraft that were tracking that flight had broken off. because the flight flew into cuban air space they were broken off. they could see the pilot unconscious and slumped over inside the cockpit. they tell officials the plane was flying at about 27,000 feet. that altitude, however, is said to be unusual for that type of commercial aircraft. it is a pb 700, and it is

unclear to officials why the pilot would have set his autopilot at 27,000 feet. the passengers had succumbed so hypoxia, but they could not tell too much. they had occupants, plural, but couldn't tell the number of occupants. that plane was enroute from rochester, new york to florida. we have a little more information from norad's twitter account, norad saying the unresponsive aircraft had flown into cuban air space. back to you. >> a couple questions. is this a propellor aircraft, do we know? >> it is, yes. it is a propellor aircraft, and it looks like a typical, very small, private aircraft that you might see. a wealthy individual or a

business used for point-to-point transportation inside the united states. this one was going from rochester to naples, florida, so that's a pretty long flight inside the united states, but it's a small plane. >> it's interesting also the autopilot would have been set, as you said, at 25,000 feet. that's very high for that type of a plane. you just have to wonder whether that's a mistake or what the motivation for setting it at that type of altitude setting would be. >> right. and clearly, the pilots could see the pilot of the stricken aircraft unconscious and slumped over his controls. and one of the details we're going to have to wait and see is whether that flight plan was scheduled for 25,000 feet or whether that was, as you say, some kind of mistake that might have led to what appears to be a tragedy that's unfolding even now. the other question here is whether u.s. military aircraft will be able to resume contact with the flight on the other side of cuba as it enters other air space belonging to other nations or whether they'll have to do a handoff here of

monitoring that polite and ultimately what will become of it. >> aman, of course, will stay on top of that story as it develops through the afternoon. meanwhile, let's see what's coming up on "street signs." >> hi, everybody. we've got an exclusive interview with one of the hottest ipos of 2014 so far. as kids around the nation have now gone back to school, how hard is it for you as a working parent, if, say, school ends at 2:50 p.m. in the afternoon? does this hinder you from working full days? we'll be back top of the hour. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance

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that will wrap up this shortened trading week right after labor day, and that will do it for this edition of "power lunch." >> have a great weekend, everybody. tyler and i will see you on monday. "street signs" begins right now. so here's a question for you. can an economy improve without the creation of many new jobs? it's a hot debate on this jobs friday. hi, everybody. plus the man behind one of america's hottest restaurants bringing his secrets to success. another hacking revelation, this time with healthcare.gov. would it help the job market and working parents if schools went to a 9:00 to 5:00 school day? mandy, i know you're a mom. >> i am a mom and i have very strong views on it. we justn