and i think the answer is pretty easy, yes. >> let's go around the horn and do some final trades. stephanie link, you are up first. >> i would take some profits in caterpillar if you have them. >> stock's been down this week. >> down but still up from $80. it's had a nice run and i think it's going to roll over. >> long teradyne. >> "half time" is over. "power lunch" starts now. >> welcome to "power lunch." we're focusing on oil. take a look at that chart, not pretty. it's falling again, down almost 12% in three months. but what does this say about the state of the broader economy and also the u.s. stock market? speaking of the stock market, of course, we're watching for a possible drop, charting other drops that have been going on this year. and we're going to show you how this market has come back each and every time. if there is a drop, we'll show you how to play that bounceback. and as we know, the nfl is in crisis right now. we have a former baltimore ravens inserting himself into this controversy today.

he will join us in just a few minutes. tyler's down at the nyse. but first, breaking news. john harwood, it concerns russia. john joins us from washington. john? >> sue, the white house and european union, as they signaled at last week's nato meeting, have just announced deepened sanctions on the natural, energy and defense sectors on russia over the crisis in ukraine. they did that despite the cease-fire agreement that has a peace process under way. they indicated that if the peace process progresses, those sanctions can be rolled back. but russia has reacted instantly and said that this shows a lack of faith and an undermining of the peace process by the united states and the european union, but the united states and its allies believe they need to move forward with these. of course, the president's got his hands full all over the world including in ukraine where whatever process is going on right now, they have not gotten the russians and the pro-russian separatists to stand down in

ukraine. and so this sanctioning process is continuing. >> keeping the pressure on, john harwood, thank you very much. let's talk about stocks right now. and they are trying, as they might, to claw their way back. the major averages, though, still on track for their first losing week in the past six. the s&p down for a sixth time in the eighth session in a row. there's the dow, off about 33 points. the s&p 500 roughly flat at 1993, down 3.5. the nasdaq is off 12.5. the ten-year note at 2.518 and the 30-year bond at 3.244 ahead of an auction. the dollar, 14-month high. there you see it against the dollar index. oil plunging, brent hitting a 14-month low. sue will have more context on that in a moment. meantime, though, bob pisani is here at the new york stock exchange. dominic chu looking at stocks leading the recent declines. bob, you first. >> we're dealing with the

effects of slower growth globally. that means slower demand, and that's affecting things like commodity stocks. we've been talking about the commodity complex for a couple of days now. take a look at exchange-traded funds. very heavy volume today in commodity exchange-traded funds like the gold etf. the silver etf. there's the energy etf, a basket of energy stocks. even australia which is a commodity-related country, the etf australia all to the down side. let's show you what was going on with these commodities. sue was talking about that multiyear, year and a half-point drop in oil, but we've also seen weakness in copper, in aluminum and gold as well. so put up that screen. you can see where multimonth lows on all of those major commodities right now. also chinese stocks weak on supply demands and concerns about slower global growth. put up some of the commodity stocks, and you can see what's going on. the important thing is overall, we're seeing drops in commodities.

so companies like freeport mcmoran, southern copper are all on the down side. that's another group that's on the weak side. you see, look here. down 4% for the month on the point where the s&p is basically flat. so the bottom line is we've got some trouble here. big energy and big oil stocks are also weak. we talk about some of these shale plays. big names like exxon mobil, totale are also on the weak side as well. there's brent and there's crude. we were over $100 in brent crude just a short while ago. west texas, that's also been notably to the down side recently. >> bob, we'll check back with you in a half hour's time or so. thanks very much. sue, up to you. you just mentioned crude. it's worth taking another look at that chart because it is hitting a 17-month low. and we're down better than 0.1% on ice brent crude. we're up on west texas intermediate. i'll tell you why in just a second. saudi oil exports dropping to their lowest level since 2011.

and the international energy agency cutting its global oil demand forecast, citing slowing growth, particularly in china. both brent and west texas intermediate fell in tandem earlier this morning. but you saw that turnaround a second ago in the futures. they had a big bounce midday on comments out of russia, stating that any u.s. air strikes against islamist militants without a u.n. security council mandate would be considered an act of aggression. now, that's one of the fundamental reasons why the market may have bounced, but it could also be that this market has been hit so hard, it's becoming a little oversold. oil, after all, has plunged about 12% in the last three months alone. ty, down to you. all right, sue, thank you very much. the market's down about 1% off the most recent high. dominic chu now with the play by play and how this market has had a kind of rhythm to it. dom? >> it's been rhythmic. and we know this because stocks are still near record highs right now. but anytime there has been any kind of pullback, not even severe, investors accepted to

buy it. let's show you 2014 by the chart. this is the s&p 500 behind me. and let's take you through the three significant -- i say that because they were at least quasi-significant pullbacks so far this year. now, the beginning of the year, january 15th, all the way till the beginning of february, the s&p you can see here dropped by about 6%. that's as deep as it got before people jumped right back in. and then the rebound happened from then all the way to april 4th. the s&p rose another 9% on the heels of that. so all of a sudden 6% pullback. a nice move higher to recover all those losses. pullback number two. let's check it out right here. it was between april 4th and then april 11th. so a short-term pullback, but it was still 4%, a decent-sized move for just about a week here. but then look at this. over the course of the next few months, the middle of july, the s&p 500 rose another 10% on top of that towards record highs at this point. then we have pullback number three here which happened

between july 24th and then august 7th. the s&p, again, dropped around 4%, you can see here, but then rebounded from then through the next month, the beginning of this month to be up by about 6%. now, what we see at the end is a slight pullback, but there is one sector that's a lot worse than all the others so far this month. we'll have that coming up on "street signs." back over to you, sue. >> dom, thank you. can the market move higher from here? we welcome back darren richards at atk wealth adviser and neil hennessey, chief investment officer at the hennessey funds. neil, i'm going to start with you because the last time you were with us on cnbc, it was july 31st. the dow was down some 300 points. but that day you said stay the course. everything's going to be okay. and the market did rally since that low. as a matter of fact, we're talking about the fact that this market proves so resilient any time it is pressured lower. so what's your outlook right now? >> well, it hasn't changed, sue. if you look at companies and you look at the reality of the situation, productivity's up.

earnings per share are up. and they're growing. cash is growing. we have reasonable pes, reasonable price of sales ratio. you have debt that's down. you've got, you know, shareholders that are happy. everything's rosy right now, and we'll continue to be rosy because there's so much money, sue, sitting on the sidelines in either cash or fixed-income products that at some point it's going to move into the market. so we're calling for the next 2, 2 1/2 years the dow to be at 20,000, and that's not really, you know, stepping way out to get there. it's only about 5% a year. >> you know, darren, talking about bonds, you've basically really downplayed your allocation to bonds. you like some floating rate bonds. but you have an overweight position in growth stocks and in the tech sector. >> correct, sue. yeah, we like technology in particular primarily because it normally trades at about a 30% premium to the overall market. right now it's really kind of in

line with the overall market so there's some good opportunity there if things normalize a little bit. and in the second quarter we saw tech kind of rebound from an earnings and revenue standpoint. growth picked back up. for five years, companies have been cutting costs and being very careful. i think cap ex is really going to start to pick up and that's going to help technology and consumer sentiment is also improving. even the more retail-oriented technology products i think should do well. >> i'm going to stay with you, darin. darin, you also like emerging markets, asian emerging markets. yet we're seeing growth forecasts in asia, specifically china, being dialed back by some of the think tanks out there. does that worry you at all? >> well, they're dialed back, but they're starting well above everybody else. >> true. >> it's kind of a relative game. right now, you look at global gdp, 20% of it comes from emerging asia. yet it doesn't represent nearly that much in market capitalization. so we have a lot of growth over there. yet it's not really reflected, i think, in investments. and we like what we see. particularly the asian consumer versus the exporter.

i think china learned their lesson that you export when you have a global recession. and they're really changing things. you look at india, up 30%, double-digit returns in china. it's a great place to invest, sue. >> all right. fooel, y neil, you get the final word. where do i put money to work right now? >> go to darin's point which i think is the most prevalent. he was talking about cap ex spending. i think that's what's going to happen also. and that's going to be really, really good for not only companies but tech. but it's going to be good for employment because they're going to have to hire. once we start to spend some of that $3 trillion that's sitting on cash on the balance sheets of the s&p 500, you're going to see more people get hired. that means competitors are going to have to expand. and it's just going to get the ball rolling. you know, there's a lot of value in the marketplace, sue. i mean, you can go from any sector except maybe the social media sector. >> okay. i've got to go, guys. thank you very much. appreciate it, darin, neil. good to see you both again. >> thank you, sue. >> back to dominic chu.

we're watching bail resorts. the stock spiking to a record high on word it is acquiring park city mountain resorts in park city, utah, for about $183 million. the deal ends a long-running legal dispute between the ski resort operators together. the stock is currently up by 8% on that bit of news, sue. back over to you. >> thank you very much, dom. arexigen, a to come so watch, that company getting approval for an obesity drug, a huge market. but look at the stock. it's down better than 8%. it doesn't seem to be the logical reaction. but our pharma reporter, meg terrell, knows hi. hi, meg. >> that's right. the drug is the third obesity pill to hit the u.s. market in two years. it could be tough going. analysts say a few things may be weighing on shares. first the fda required a number of post-marketing stutdys. it said it will run a new trial to assess the cardiovascular effects. jpmorgan said that could cost up

to $200 million. the fda is keeping a close eye on the safety of obesity drugs given fen-phen which was pulled from the market. that's one reason it's been an uphill battle. so investors may be skeptical about prospects. we could be seeing a selloff into the launch. nonetheless, orexigen is partnering. wells fargo, jpmorgan and others all have buy ratings on the stock. >> meg, thank you so much. >> thank you. >> appreciate it. ty, down to you. >> sue, thanks. it's a big story that's not drawn too much attention of the markets so far, at least not this week, but one major investor is quite concerned. billionaire george soros is one of many weighing in now on scotland's proposal to break away from the united kingdom. our chief international correspondent michelle caruso-cabrera joins us. uk prime minister, david cameron, giving an impassioned speech. it seems like what took him so long? >> yeah, a lot of scots are asking this. but imagine this, tyler.

the royal bank of scotland would no longer be headquartered in scotland if the scots vote yes for independence. the bank shares traded higher today after it announced that the yes vote would mean redomiciling in england. why? too much uncertainty which could affect the bank's credit rating, not to mention the legal ramifications that they face. as you mentioned, david cameron giving that impassioned talk yesterday. those who were there said he was close to tears. >> i would be heartbroken if this family of nations that we've put together and that we've done such amazing things together, if this family of nations was torn apart. >> you mentioned george soros. well, uk celebrities are weighing in like crazy, too. former james bond and scotsman shawn kean connery wrote that independent will allow scotland to develop and enrich its culture as well as marketing it more effective. he has "scotland forever"

tattooed on his forearm. j.k. rowling donated and wrote on her blog that an independent scotland will struggle to compete in a global economy. scottish-singing sctar susan boyle has come out against its independence. mick jagger, also a firm no. tyler, he's fully english. >> all right. thank you very much, michelle. remembering 9/11. let's get to mary thompson at the cantor fitzgerald trading floor as they honor their colleagues on this day lost 13 years ago today. >> reporter: tyler, there have been a stream of celebrities here to help raise money for this charity day. we've seen sports stars like mariano rivera and now joined by john slattery, an actor as well as a director. thanks so much for being here. >> thank you. >> what brought you here? >> i'm here on behalf of the bone marrow organization that the relief fund helps out that helped people with over 70

different types of blood diseases. >> reporter: why are you interested in this charity? >> i've had friends and family that have had various, you know, ailments. but i just think it's a great -- i mean, i was here on 9/11. you know, it was a sad day. i just wanted to help out. >> right. this is a great way to do this. is this your first year doing this? >> yeah, it is. >> reporter: what do you think of when you look around and you see all these people raising money for not only, you know, your charity but others? what do you think about a way of commemorating 9/11 in this manner? >> i think it's the best of all possible ways to commemorate that. i mean, obviously, it started out helping the families of the victims of cantor fitzgerald, but it's expanded to help people all over the world. what better way to commemorate that day. >> reporter: "mad men" is over, i think to the distress of many people. >> it's not over yet. it's over shooting. we still have another half season to go. >> reporter: on a scale of 1 to 10 with 1 being the top, you

said this was the best, but what's next for you? >> yeah. i have a couple of films. i'm going to do a movie "ant man," a new marvel movie. >> reporter: okay. >> i'm going to do the sequel to "ted," which shoots in boston. and i just -- i directed a film that came out on itunes on monday called "god's pocket." >> reporter: we'll be on the lookout for it. >> great. >> reporter: thank you so much for joining us. we've been speaking to john slattery. back to you. another bombshell in that ray rice saga. reports yesterday that police had sent the tape of ray rice punching his then-fiancee to the nfl office. did it back in april. the nfl said it had never seen the tape. quarterbacking the crisis. we have a big panel of experts that will weigh in including one former ravens player. join the conversation. should roger goodell, the commissioner, keep his job? go to cnbc.com/vote. "power" back in two minutes.

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welcome back to "pourwer lunch." check out blackberry shares. it's moved higher on news that it's acquired movirtu as it continues to build out applications that cater to the needs of its core base, that's corporate and government users. terms were not disclosed but it's currently up by about 4% to the upside, tyler. back over to you. >> thank you very much. should roger goodell keep his job as the commissioner of

the national football league? a super bowl champion says no. thomas played for the baltimore ravens from 2000 to 2005 and then with the patriots from 2007 through 2009. welcome. good to have you with us on "power lunch." also, viewers, we want to know what you think. you can vote and let us know your opinion at cnbc.com/vote. why are you persuaded that mr. goodell must go? >> well, based on the facts that we've received, the fact that at first there were -- we didn't have the tape, i have not seen the tape, no one had ever seen the tape, to now we have an investigation on. i don't have knowledge of the tape being there. the fact that if the tape was in the building and was sent to the nfl since april, why such a lag? that's the biggest issue that i have. someone that has been so harsh and so swift to deliver out punishment, embarrassing the

brand, protecting the brand, it was all about the shield. and i understood that. so from a business perspective, if you've lied about something as simple as having the tape and now it comes out that you had the tape, whether you saw it or not, that is not the issue. the issue is you should have seen it by now because if tmz can get the tape, surely the nfl could have gotten the tape as well. >> and i think, aadalis, since roger goodell took charge of the nfl in 2006, he steered a pretty straight ship in terms of procedures and things like that. and if indeed the nfl did receive the tape in april, it certainly shows kind of a stunning lack of institutional discipline that the higher-ups wouldn't get it. i think that's kind of what's bothering people. >> well, again, $78 million is what he's -- the amount of fines that he's given out to guys since 2006.

$78 million. and a lot of it is warranted, true enough, but also, before the tape even came out, before the tape even came out, roger goodell said i got it wrong on this. so if you believed in your system, was it because you had had pressure from the women's group? was it because the perception of the league? of outsiders and women? or was it because you had actually seen the tape and already handed out your judgment and then went back and like, okay, let me correct it and do damage control? for me, either way it goes, i think that the accountability for someone that's making $20 million a year, i don't think that's a mistake that you can blatantly and intentionally lie to the public, lie to the fans as well as your boss, as well as the nfl owners, and expect to be able to get that back. i think the trust there has been lost. >> has been lost. adalius, thank you so much for spending time with us. >> thanks for having me. >> we appreciate it. thanks for joining us. joining us now from washington

is "washington post" reporter cindy boren and "sports illustrated" managing editor, chris stone. welcome to both of you. cindy, weigh in on this. you made the point that the people who hired mr. goodell are the people who are going to have to fire him. if indeed they do, how much support does he have from the nfl owners? >> right now, everything we are being told is that they are extremely supportive. they are in his corner. however, and you know, this is a big however, if there is any whiff here that he lied and tried to cover this up, you know, with the discrepancy between what he said and the a.p. report and whether they had the video or not, if there is any whiff of that, they're going to cut him loose. that's what we're told. >> chris, adalius seems persuaded that indeed mr. goodell did lie. do we really know that or not? i mean, what we do seem to know is that a law enforcement source said that he sent the tape to an

official at the new york office of the national football league and that that was received based on the confirmation of via voice mail from someone there. but we don't know, do we really, exactly who that was, right now, or who that person may have shared it with. >> yeah. tyler, i think there's still plenty of plausible deniability for the commissioner here. what was shared in that a.p. report yesterday remains somewhat inconclusive. and i think the appointment of mr. miller and the creation of the independent probe is merely just going to forestall any questions or resolution about the commissioner's future. >> do you agree with that, cindy? >> yeah, to a degree, i play it plays for time. you know, this is going to take presumably months. i can't imagine that they're going to get this finished any time quickly. you know, they managed last year with the bull ying in the

dolphins' locker room, i think that took, like, 3 1/2 months. >> that could be held against them, couldn't it? the public is extremely angry. there's a group of 16 female senators from both sides of the aisle. and from both parties that sent a letter to mr. goodell this morning saying you should have a zero-tolerance policy. you know, if there's any domestic abuse by a player, they're out. >> yeah. they've been using sort of this old playbook that's worked in the past. >> right. >> and i'm not sure that it will now because of the very reason you mentioned. i think that people are so angry about this. i think every time, you know, roger goodell shows up somewhere, he's going to be greeted with boos. i think it's going to be ugly and awkward when he does go to games. i'm not sure how this plays out. i just don't know. you know, and certainly there's the possibility here that he's absolutely being forthright. you know, that he's completely telling the truth. you know, maybe that comes out. you know, right now, this is just an awkward mess. and i don't think there's any way for the nfl make it go away

quickly. >> chris, based on what you know, do you think right now he should resign or that it is inevitable that he will? >> i don't think it's inevitable that he's going to resign. short of proof of a cover-up, i actually think he stays because remember, he is an employee of the owners. and if you think -- and as cindy alluded to, there's been very little suggestion, publicly or privately, that they share the same disgust and anger that the general public does. with regard to the handling of the incident. and you know, on the same day that this a.p. story broke, the other big story in the nfl was that the buffalo bills want the smallest market franchises in the nfl, sold for $1.5 billion. what i'm trying to say there is that roger goodell delivers shareholder value to his owners. and the question is, does that mean more to the owners, you know, or do their consciences mean more here? are we really going to see an aggressive, independent investigation into what happened? >> very interesting. >> time will tell, i suppose.

and obviously a lot of questions remain to be answered. as you say, we may not know the answers at least for a while. so long as that investigation continues. let's lock in the viewer vote and see what the public viewers think. should he keep his job? 28% say yes. 72% say no. roger goodell should go. sue. ty, mcdonald's shares sitting at a 52-week low. the burger giant could be making a bold move, though, in its food lineup, but will it pay off? plus, "crime & punishment," andrea day is on the case. andr andrea? >> a big-time football coach, his famous friends and a massive ponzi scheme. what happened when it all came crashing down? that stunning twist coming right up. the cnbc "trend tracker live databoard" is brought to you by cme group. ♪

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a trademark on the term mcbrunch. mcdonald's hasn't disclosed any new late-morning plans, but an expansion of breakfast hours could be considered with intense competition during daytime. lululemon soaring, up 15%, comfortably beating estimates. same-store sales did fall but not as much as analysts were forecasting. there's also talk about a lot of short sleeves in that stock, forcing those that were short to cover those positions. and macy's getting a downgrade. cut from neutral to buy, citing a fair valuation amid slowing same-store sales. gold prices are closing right now. and with the strength of the u.s. dollar, gold's been suffering lately. let's see how it's been doing. it's down another $6 on the session. the copper and palladium market also losing strength today as it silver on those forecasts of slower global growth. ty, down to you. >> all right, thank you very much, sue. former university of georgia

football coach jim donen was accused in an $80 million ponzi scheme. that case finally wrapping up. and andrea day is here with the details. hi, andrea. >> yeah, he was so excited about that investment you're talking about, he brought in a bunch of his wealthy friends, but he had no idea what was really going on behind the scenes. take a look. >> reporter: a college hall of fame football coach and espn analyst accused in an $80 million ponzi scheme. >> the uga legend is accused of swindling millions. >> he allegedly paid himself $14 million. >> reporter: a case that shot straight to the headlines. with a stunning turn. the ex-coach was retired when he first met this guy. mr. crabtree, where did the money go? crabtree owns glc, a west virginia-based company that bought up liquidated merchandise he claimed he could resell at huge profits. >> he would buy anything from scratched appliances to televisions, excess construction

building materials. >> reporter: he says donen was hooked, sharing the new moneymaking opportunity with wealthy friends. his lead attorney in the case, edward tolley. >> he might be playing golf or tennis and tell people, man, i've stumbled into this inventory deal and making a lot of money. >> reporter: investigators say crabtree ran the daily operations, buying anything he thought would sell. and donen worked to lure in more millions from investors. >> the first handful of well-to-do investors were also extraordinarily successful businesspeople. one of them was the ceo of one of the nation's largest liquor companies, and they all got in it with both feet. >> reporter: but the scheme was about to come crashing down. investigators a crabtree was buying more than he sold. and merchandise began piling up in warehouses across the u.s. >> this guy would stack merchandise up to the ceiling. and then it would just sit there.

>> reporter: the s.e.c. says only about 12 of the $80 million raised from nearly 100 investors was actually used to purchase merchandise. the remaining funds were, quote, used to pay fake returns to earlier investors. or, according to tolley, to line crabtree's pockets. >> he moved massive amounts of cash out of what was supposed to be the investor account. >> reporter: the case taken to federal court in 2013. crabtree made a plea deal with prosecutors and agreed to testify against the ex-coach for less time. donen decided to leave his fate in the hands of a jury. at trial, donen's team claimed he was just one of many victims who thought crabtree's business was legit. >> all of these very, very sophisticated investors never looked at balance sheets, tax returns. they said if jim's investing, it must be okay. and jim said well, if they're investing, it must be okay. >> reporter: despite crabtree's testimony, the accused former university of georgia coach was

found not guilty because he was also a victim of gregory crabtree. >> i've always been a very positive person. you know, when i felt like we could beat a team, i felt like we'd beat them. >> reporter: and just weeks ago, crabtree was sentenced to five years behind bars, ordered to pay $20 million in restitution. >> you're now going to prison for five years. what do you have to say about that? any comment? >> reporter: and right now crabtree is still out there. he should have his prison assignment any day now. you can find out much more about this story at cnbc.com and follow the crime team on twitter. back to you, sue. >> we sure will, andrea. thank you very much. let's check in on the bond market. we have a 30-year bond auction today. and we saw yields move to their lows of the trading session shortly after the release. right now the ten-year yield is at 2.52%. the 30-year yield is at 3.24%. so a lot of action along the yield curve today. ty, down to you. >> sue, thanks.

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welcome back to "power lunch." i'm steve liesman. second quarter gdp flattered by the quarterly services number that came in well ahead of expectations and was revised upwards. now, it's now tracking 4.5%. the government had reported with other changes with a range of 4.2 to 4.8, but i think the request number is quite a bit higher.

if we go to the next screen, these are the five of our ten economists who actually incorporate this new services indicator into their tracking forecasts. the other five do not. those who do you can see are quite a bit higher on a 4.6, 4.8% from morgan stanley, 4.7 for goldman sachs. moody's.com at 4.7 and hfe and barclays at 4.6%. those who use the new indicator are finding more growth than those who do not right now. i want to show you why. it had to do with hospital -- total revenue of hospitals up 10.6%. and that, folks, is a change from the prior quarter at an annual rate. there's been a big problem here estimating the effect of obamacare on health care spending in this country. and it was estimated to be higher in the first quarter. it wasn't. it was lower. it comes roaring back in the second quarter. that's why there's this volatility. tyler, you might ask what about third quarter. it's so new that people are not incorporating it yet into the third quarter. but the general sense is it probably means another upward revision of third quarter. i'll have to follow that as it

goes along. tyler? >> steve, thank you very much. let's get to the trading action here as stocks struggle. with me at post 9, bob pisani and kenny pulcari. the market seems to be trending a little bit lower right now, but my guess is that we will see sort of wishy-washy trading between now and the fed meeting next weekes. >> i don't see any reason why we would have anything but, right? there's no real compelling reason. tomorrow retail sales. beyond that it's all about what she's going to say next week. once again, does anyone really expect anything so different? i don't think so. but yet every other day, you know, rates going up, rates going down. >> tweak the language. >> or just tweak the language. >> and yet aren't you a little disturbed by these deflationary trends? look at commodities. this isn't what was supposed to happen. the fed wants modest inflation. china even is not getting much inflation at all. i'm a little worried about this. we're supposed to be getting gradually moving upwards.

>> and we're not. and we're not. therefore that's why i think people are going to wait and see if she changes her language. it is about the tweaking of the language. like i wrote in my note, considerable time. that sent the market into a tizzy. >> what does considerable time mean? six months? six months and four days? is it whatever. >> and that gets a little bit, you know, dramatic. >> the answer is, look, they want some modest inflation here. they want 2%. we're not getting 2%. look what's going on with the commodities. >> not with oil and metals as you pointed out a half hour ago. >> this is a tough situation for them to be in. two things that will kill the stock market are one, a recession. we don't see a recession. nobody i know sees that. two is a sudden rapid rise in interest rates. if the ten-year goes from 2.3 to 3.3 in six weeks, it's over. and if that happens, and i don't think it will, but if it does, the fed's going to get aggressive again. that's why you've got that ceiling under the market. that's why you have the stock market sitting here just off the new highs. >> just not really knowing what to do. it's going to just churn.

>> gentlemen, good to be back with you after a nice summer. sue, up to you. we're going to talk next about the future of education. a new method of teaching that may turn the traditional classroom right on its head. plus -- >> the city featured in today's "power house" is the birthplace of american cookbook author james beard. its state is home to nike. and there's no sales tax. can you name that city? so ally bank really has no hidden fees on savings accounts? that's right. it's just that i'm worried about you know "hidden things..."

ok, why's that? no hidden fees, from the bank where no branches equals great rates.

whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. our weekly feature, here's the hit, you cannot pump your gas in this city or in this state. just like new jersey. it's the only other one. it's portland, oregon. there it is. brian ramsey is a principal broker with passun capital realtors. the median sales price of a house in portland, $299,000. on the market, average of 57 days. zillow says inventory as of july, about 8600 properties. and today, brian, we're going to

focus on the pearl district. our first listing is 1125 northwest 9th avenue. a studio apartment. $185,000. taxes, just $2500 a year. one bath, 533 square feet of living space. tell me about the apartment, brian, but also tell me about the district we're talking about. >> oh, sure. well, the pearl district is one of those trendy neighborhoods that everybody wants to move to right now. and this space here is really great entry-level apartment. it's a studio space. it's totally loaded with everything that people want. and it's really conveniently located to transportation, everything that you could want to buy. and most importantly to people right now, it's close to a grocery store. >> yeah. walkable, i'm assuming. to our second listing at 1260 northwest -- it's either naito or naito parkway. you'll have to tell me. $449,000, taxes just under $6,000, one bedroom, 1.5 baths.

1,071 square feet. >> yeah. naito parkway. so that's a really great street on the riverfront in the pearl district. this is a one-bedroom, 1 1/2 bath, and it's on the river with fantastic views. it's newer construction, really great finishes. people are loving this building. >> that looks lovely. now we're going to step up to a two-bedroom place. at 1030 northwest 12th avenue. it's a loft. $975,000. taxes, about $12,000, 2 beds, 2 1/2 baths and just under 2,000 square feet of living space. this is a fairly large in-town space, brian. >> this is a large space, you're right, tyler. so you're going to have two levels on this condo. both are the top level, so it's a penthouse. and the finishes are very industrial. people love the open concrete floor plan. bedrooms are upstairs with a beautiful deck overlooking the city. >> all right. do we have any pictures of that one? i don't know that i saw any photos. i guess we don't have photos of

that one. we'll take your word for it. >> it's beautiful. >> that it's kind of rustic. we'll google them. we'll find them. brian, thank you very much. appreciate it. >> thank you very much. >> sue? check out this super power house. the paradise cove beach mansion in malibu, california. talk about views. wow! it's up for $24.95 million. it's listed on californiamoves.com. four-bedroom, seven-bathroom home, has more than 6,000 feet of living space, beachfront, chef's kitchen, elevator, two-car garage all behind the exclusive double-gated entryway. and sunsets to die for, i bet. all day on cnb, we're looking at education and what it will look like 25 years from now. we want to hear from you. what's better for young students? learning in a classroom or learning at home online? go to cnbc.com/vote to join the conversation. "power lunch" returns in two minutes.

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also cutting it to $13. seaworld upgraded from outperform to neutral. the firm also increasing its price target to $25 from $21. and gogo shares spiking. the company to partner with t-mobile will provide in-flight texting and other services. and that will begin on september 17th, sue. we both have kids so cnbc is looking at education 25 years from now. it's a day-long focus today. we also want to hear from you. what do you think is better for young students? learning in a classroom or learning at home online? go to cnbc.com/vote to join the conversation. sharon epperson joins us with more. i got a sneak peek at your story. i wish this could come forward. i don't want to wait 25 years. >> we know how it works, they use a one-size-fits-all approach. the students sit in the classroom and then their homework is done at home. that may all change in 25 years. in fact, it's already starting.

>> reporter: the classroom of the future will look a lot different than the classrooms of today. gone will be the rows of desks with teachers at the front of the class. the redesign of the classroom will look more like a working, living play space. >> if you think about the traditional classroom, you know, we have this image of the teacher telling the students to be quiet and waiting for their turn to talk. i think really the redesign of the classroom of the future is just the opposite. we want them to talk. >> reporter: with school days filled with student discussion and interaction, the teacher's role will also evolve. >> the teacher might be sitting and observing silently. she might be working one on one with one child on the floor. she might be giving a lesson to a small group of students. there's an ebb and flow that happens in the classroom. >> reporter: as for lessons, they'll be entirely virtual. to be accessed online, on demand, outside of school. >> the real part of the technology is to allow them to work at their own pace, to

personalize education for them and then free up class time. >> reporter: educators are already experimenting with what is known as this flipped classroom model. it's a glimpse of what's to come and will radically change the traditional classroom experience. this trend toward more individualized learning is already happening in some classrooms around the country. but in 25 years, many experts and futurists are expecting it to be the norm, sue. >> you know, a lot of people talk about everything being online and virtual classrooms. this is the first time i think i've actually believed that it might happen. because everybody says no, no, no, you can only learn in the classroom. and that's not really true. >> no. i mean, a lot of experts are saying and those that are doing this is that it has to work in tandem. you have a great video, the child is very engaged at home watching it and on their own time. they need to have some parent involvement in making sure they do that, of course. >> right, of course. >> and then they go into the classroom and act out the concept. they master the material in the classroom.

they learn and get introduced to it on their own. >> yeah. it's almost the flip side of what you and i are doing every night. we're doing the homework with the kids. and they're learning the new concepts in the classroom. you flip it upside down, it's almost, to me, it sounds very logical because they're actually -- they're actually being exposed to the material twice. once at home. >> exactly. >> and then once in the classroom where they can ask all those questions. instead of asking me. don't ask me. i don't know, kids. >> we're not the experts. i was in a classroom last night because we know this is the week kids are going back to school. you meet the teachers. i was in that role and i thought it would have been more interesting to kind of watch what they had to say online quickly before i got there. and then see what they actually do in the classroom. actually engage in the chemistry lab or something like that. so if this is going to happen, i'm all for it. >> so far me, too. trust me. up till 9:30 doing homework last night. let's lock in the results of the poll. i know you were, too. what's better for young students? learning in the classroom or learning at home online?

51% say learning at home online. it was a close vote, though. 49-52. 51. thanks for voting, guys. thanks, sharon. >> quick point, they're probably going to still have that classroom because a lot of working parents, we need them to be at school. >> this is very true. let's go to jackie deangelis. once again brent crude hitting a 17-month low, jackie. >> -- let's start with the dollar index, still at an 84 handle. seeing this pretty flat today. but that 84 handle is very significant, and it is having an impact on these crude oil prices, especially brent crude. the reason for that, some people don't understand this is that when traders are going to buy crude in foreign currencies when the dollar rises, it makes it more expensive for them. and so that is why brent is sitting under $100 a barrel. $98 and change. wti, on the other hand, seeing a little bit of a bounce today. traders saying it's buying the dip mentality. and i do want to highlight here

that there's also a supply/demand issue. you've got the iea and opec cutting demand forecasts. supply is rising. so that is probably going to push these prices lower. back to you. >> okay, jackie, thank you very much. and that does it for all of us on "power lunch." ty? >> sue, they miss you down here. we'll see what's coming up on "street signs." hey, mandy. >> hi, guys. energy prices dropping, yeah, it's a boost for us, the consumer. what does it mean for the investment thesis for energy stocks? also, what one chart tells us about how people around the world feel about their own respective economies. and will sports betting in new jersey give the state the revenue it sorely needs? that's the question. lots of things coming up. "street signs" begins right after this break. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state.

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for you to start your business, protect your family, and launch your dreams. at legalzoom.com we put the law on your side. on this 13th anniversary of the 9/11 attacks, we look at the world today, new problems, but also new opportunities. hi, everybody. our guests bring you investment ideas in a still unstable world. we'll also talk about how new regulations on small business may be costing you a job or a pay raise. and why exactly are we so happy with low $90 a barrel oil, mandy? >> it's a mystery.