stors running many many billions of dollars is that's it's going to get messy in the markets once the fed does its thing. great having you here. >> thanks for having me. >> talk toon. the snow is coming down in new york. certainly in the northeast. been a rough winter. there's time square and "power" begins now. scott, thank you very much. we start with the developing story in laguardia a delta airline, 125 people on board inbound from atlanta skidded off the runway after landing. there are no reports of serious injuries, but the airport is now closed and will remain so until the evening during the investigation. >> hello, everybody. i'm mandy with tyler, and no flights in and no flights out of laguardia as you said until 7:00 p.m. tonight, that's eastern time. we are hearing a news conference will begin in 30 minutes time from now. >> and we're join now but robert mark former pilot for midway airlines flew the big jets

knows the route to laguardia and he's on the news line now. captain mark welcome, good to have you with us. in retrospect should the airport have been closed before this event could take place? >> caller: the airport was closed before the event. i'm not certain if i understand the question. >> should this plane have been allowed to land at laguardia. >> caller: oh, i see. i misunderstood you. >> maybe i didn't phrase it well. >> it's up to the coordination between the captain and airline itself. although the weather was certainly coming down at laguardia one thing that seems problematic to me is the runway they were using. they were landing to the southeast there at laguardia and the wind was almost off their tail which is not a good thing. you don't want to be doing that. you want to land into the wind but you certainly want to be landing into the wind when the runway has something on it like snow or ice or water.

and we may find that that becomes a contributing cause to the accident. >> how much grip do airplane tires actually have? they say they are investigating the cause of the accident but at the same time i mean, the cause seems quite obvious to be a very sort of sleety snowy, sludgy, slippery runway. >> caller: well, i think we are over simplifying it a little bit with that. nobody takes of the risk of putting plane down like that on a runway with snow on it if they didn't believe in the physics, which are the numbers that are produced by the manufacturer the pilots' experience and, you know understanding the weather. so you know it's not that unusual to land in you know snowy conditions, but it seems to me again, that when you have the one outside element, perhaps the wind at their tail which means that they may have been

touching down even faster than they thought they were it makes it harder to stop the airplane. >> right. i'm looking, captain mark at the aircraft and i can't tell whether there is right wing damage there. it's hard from this particular angle. would you have been taking extra precautions as a pilot to land under these circumstances, and is -- were they landing on the shorter of the two runways at laguardia, or do you know? >> you know i don't remember which they touched down on. >> they said it was 13. >> caller: there's a 13 left and 13 right. >> oh, i see, okay. >> caller: you know, it's a hard one to call because, again, you know not having all the details, but, again, knowing this one element that wind was on their tail that's not good. >> right. >> caller: that's not a good thing. now, it's possible when they actually landed that the wind was not that way, and it since switched, but it does not sound

like that's what happened to the weather in the new york area. we're going to be looking at why they landed on 13s. >> is it absolutely necessary to close the airport, though until 7:00 p.m. tonight? that is of course a long time and a lot of people have their flights arriving or departing disrupted as well. does it take that long to clear it and is there no other area of the runways, this is runway 13 we are reporting, but in other areas planes could land or take off from? zwlk >> caller: well, there are, but initially it's absolutely the right way to go in terms of closing the airport. you're going to have emergency vehicles and everybody else all over the airport, and then you add in the fact that the visibility is only about a quarter of a mile right now. nobody in the tower can see anything at all. they can't even see -- they can barely see the ground and that becomes very problematic. you want to make sure there's

not some vehicle or something that wondered on to the runway. they don't want to go through that. we may find throughout the day faa eases up on that and say we have the airport open by 4:00 or something. >> all right. captain mark thank you very much. captain mark formally of midway airlines. appreciate the insight. >> caller: you're welcome. >> the snowstorm that is causing havoc at the airports obviously, causing troubles on the roads as well. check this out. hundreds of drivers stranded now on a highway in kentucky in hardin county. latest storm dropped up to 2 feet 2 feet of snow on parts of i-65. several tractor trailers jackknifing in a hilly area of the highway, and as a result 200 trucks and cars gridlocked now south of louisville. the national guard is dispatched into the area. mandy? >> okay. did someone say bubble? buzz about mark cuban's blog

saying this tech bubble is worst than the bubble of 2000. there's a huge move higher over the past year but if you take a look at a chart just in the last week after cracking 5,000 mark earlier this week the move up in the nasdaq cooled off. should you continue to invest in the cues or be fearful of the so-called bubble? dug mckay broadleaf partners, doug, be clear, mark cuban makes the distinction, quote, then it was the dream of riches from a public company, and now it's from a private company. two different things we're talking about here. >> yeah. i think he's got -- i don't know -- i don't have access to financials of private companies and make that judgment, but, yeah, he's arguing two different things. >> what do you think about the call for a potential bubble in the public side of things doug do you believe there is one? >> no. i've got two comments, if you'll indullge me.

>> please, go ahead. >> i was a tech manager, had the number one performing tech fund in 2001, and i have show-and-tell in a minute but my view is not valuations that determine bubbles, but fun flows gone wild. i was in an interview with bill griffeth in 2001 and i listed top five stocks on your show and the average stock in just that day was up 25 %, for one day move for the stocks. in my opinion, there's no sign of fun flows gone wild. secondly, if you see this little show-and-tell, i brought this out of the sock drawer been there for 15 years, this is a borbo barron's article highlighting my fund being number one at the time, and i listed cisco systems, down 20% from the highs back in 2001 okay? >> yep. >> it was still trading at 95

times earnings. it was the biggest company at the time in market cap perspective, just surpassed exxon mobile. >> right. >> what's the biggest company today, you know, right? >> apple. >> right, apple. apple market cap is 750 billion, but the company is gushing cash. it's trading at 17 times earnings, which is less than a multiple of the market. so no, in the public markets, i emphatically believe this is not the same. there are always instances of, you know sure certain areas, but not across the board. >> okay. it is different this time round according to you and you're not seeing a bubble i understand at least in the public market. doug thank you very much for joining us. >> okay. exclusively on "closing bell" today, about the interesting blog he wrote and why he thinks the tick is in a worse bubble than 2000. that's 4:00 p.m. eastern. ty? many of the big retailers

out with sales figures. february not a great month. west port slow downs, winter storms hitting the nation contributing to the issues. costco february's same stores up 1%. l brands a 6% increase warming up there. gap reports sales after the bell. the street expected february comps at gap to improve 1.4%. mandy? okay. the other big story, ty port shut down problems spur more companies to bring back the made in the u.s.a. label? we have been on the story for cnbc.com and bringing it home. made in the u.s.a.? >> yes. companies are doing this. one is thoroughly producing baby seats. it is happening. a new study found that out of a hundred retail cfos, 43% find

north america to be the most attractive place for manufacturing, up from 30% last year. a big increase. >> could cost less than china, bangladesh, and cambodia but the shipping costs they incur, i imagine the cost gap narrows. what costs are we talking about, shipping from china to the west coast or east coast? >> it's much more expensive, actually sometimes twice as expensive to ship from china to the east coast than the west coast. that's a big hit. it coming out in forecasts. scott said 13% hit next year. it's showing up. >> great stuff. for more go to powerlunch.cnbc.com for a treasure-trove of information. ty? last month, nearly 2,000 jobs lost in the oil and gas extraction sector. 3,000 in mining and logging. 53,000 in oil-related fields. that begs to question what impact is this likely to have on

tomorrow's closely watched national jobs report? steve leisman, and chief u.s. economist, joe, welcome. steve, though, beginning with you. what effect do you expect to see in the job numbers from whatever layoffs there have been so far? >> i'm not sure there's going to be any actually. i mean it would be -- depending upon the total number of jobs take some off the top, but overall the u.s. economy should be creating jobs. you will have losses as you detailed in the oil services sector, but that should be overcome by growth in other sectors, not as much as there was, but still pretty healthy. >> the net number you expect to run slower a little lower than has been the case over the last three or four months? >> i'm more worried about the weather than oil. what i pound the table about is this has been, tyler, the most efficient and productive oil boom maybe in history of mankind. or person kind. whatever you want to see.

more oil coming with fewer jobs added. put in one of the platforms, drill five ways that's the absence of five drilling rigs. >> joe, do you agree with steve there? >> i do, i do, tyler. >> okay. >> since the recession ended, the oil industry and this includes people working and pumping gas and cashiers of gas stations only added 300,000 jobs in total. that's essentially what we layoff every week in the claims numbers. while it's a very important sector, it just is not the engine of job growth that people in the market believe. in fact, the one sector that to me gets the most obvious benefit from lower oil costs is transportation. the size of the transportation sector is three times the size of the energy space. to me rs, there's a big offset. >> transportation includes jobs in what kinds of businesses? >> airlines, trucking in particular and anything that's a distribution channel for goods and for services to some extent

as well. >> i think and we have to make sure we mention the one place where that's going to be an impact on earnings and on jobs is going to be in capital spending. >> that's right. >> the idea it's an efficient oil boom means they spent money on stuff, equipment, robot, things like that, and the cap x companies take it on the chin. >> that's rights. we'll lose a quarter to half a point on gdp for weaker energy cap x, but there's a big offset. it's a big stimulus to non-energy business and u.s. household paying less to heat the home and fuel up the vehicle. >> joe, thank you very much steve great to see you. expect to see you tomorrow? >> i think there's something going on tomorrow. >> we'll check it out. thanks, steve. mandy? >> each month, one of the biggest days i say. the problem with cadillac while the foreign luxury auto makers report soaring sales, cadillac is struggling with a big hit last month. what is going on inside the

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the deal will give abbvie access to the top seller cancer drug and expand its pipeline down by 5%. the euro currency, currently at 11.5 year low against the dollar. earlier it was below 1 preponderate.10, and it is closer and closer to parody. ty? luxury car sales booming, lexus, bmw mercedes nice gains, but cadillac is stalling down more than 5% year to date. what's wrong with caddy, and how do you fix it? bob lutz and phil lowe bowebeau is with us. what ails cadillac? >> it's going according to plan and when numbers are down slightly, that's a disapointment, but they are getting the brand positioned properly for the long term and that means don't do heavy

discounting just to keep the numbers up. don't do a lot of subsidized leases. don't do things to blow out inventory, and, of course cadillac has basically discontinued all fleet sales, which some of the other producers are still in. and he's poging cadillac just right with a luxury brand long term you don't want to do supply push. you want to do demand pull. he's now making that adjustment. i would point out that it's really the car end of the business that's down and that's down for almost everybody. the new exscalade is basically sold out and in very short supply. we expected this not surprising, not worrying part of the path that cadillac is executing according to plan. >> not to be too flip phil but bob says the sales are falling on schedule here and that the

good side of this is that the new executive there has assured gimmicks to try to juice sales. bob, also says he's positioning the brand for future success. what's he doing specifically? >> well first of all, what -- look at the lineup that they have there. for a number of years, they really were not directly competing with their competitors competitors, bmw, and mother say seize, and the cts was a in between car, and now with the ats in there, cts moved up more in the market in terms of size and price point, and as a result, they are getting the portfolio better positioned to compete with bmw, luxexus mercedes, all the competitors. in the past cadillac did not have an auto guy running the division out of bankruptcy. they are a background in public policy, and within the company, people said, we're not show sure what we are doing here. mary bara realized the weakness

brought in de nysschen from infinity. prior that it's why audi got its act together in the united states. he has a bkd in luxury automobiles and knows what to do in terms of pogsitioning the next round of vehicles coming out two and a half three years from now and expanding over four to five years. >> bob, you talked about this as a brand in transition. how long do you think that transition to the end point is going to take because in the fast moving world, it's a show-me market right? we expect quick fixes, but is this going to take a couple quarters, couple years, and do you think it's got the time to make that transition? >> oh, he's got the time. the company's going to give him the time because everybody realizes what was done in the past which was basically discounting cadillacs and treating it like a luxury brand when it was not, that that is not the solution and we got -- as phil correctly pointed out,

this time it's got to be bilt on a solid foundation and i don't know, depends on the months you know, how strong that month was in prior years, but i would say the total transition may take a year or two, and gm is perfectly patient. i would point out that at the new york show there will be the unveiling of the new large rear wheel drive cadillac the ct 6, which i drove and can tell you it's going to get rave reviews from the awe thoughtive press because it's a truly excellent car, and gm or cadillac is about to renew the srx medium sized crossover, so there is a lot of good news on the way in terms of product, you've seen some of the new advertising. i think it's breakthrough. it sends an entirely new and sophisticated message for cadillac and phil's quite right. we now have a dedicated luxury car professional on the job, and gm is going to give them the time to get the job done.

>> all right. bob. thank you very much. phil, maybe they need to find a matthew mcconaughey for the ads. i drive a cadillac. >> i like that tyler. >> maybe yourself tyler. >> i'm available. >> okay. after two years of stellar gains, one crucial part of the target is losing momentum, failing to keep up with the rest of the market, the warning signs investors need to know about and stocks you may want to hit the sale button on plus alibaba shares, down 20 % this year, folks, and down 25% from that big ipo last september. remember that? stuck at the levels or stay away?

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>> welcome back. cme group, yes we had a meeting, a press conference and we have more details. seems like every trader is in a darkroom. the two-day chart of the following markets, the european 10s, 5s, notice they are continuous. no big gaps. even though we're at extreme, we are not extremely wild in terms of range. look at the two day euro versus dollar. that's testing new fresh 11 and a half year lows like the yields on extreme, but we're going to have to wait until we start the implementation of qe on the night because traders continue to say the markets are vulnerable, but we are going to

wait and actually see what the ecb buys. mandy, back to you. >> thank you very much rick. dom chu for the market flash. >> the solar energy space, starting with the company reporting better than expected earnings, smaller than expected lsz. and revenues came in better shares soaring. you see by more than 20% so far today. canadian solar up strongly too. the company reported the miss but gave positive first quarter guidance, and earnings have a positive effect on other names as well solar city up 3% and sun edson, and you can see a lot of green in the solar trade, mandy, back to you. >> thank you very much. is it a plane, a held cometer, whatever it is the u.s. military and the businesses really like it. that means new opportunities. that is next. today's power house is the nation's 10th largest metro area. it is home to logan international airport. brewer, samuel adams, was founded here. can you make that city?

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i'm sue herrera. laguardia airport is closed after delta airlines flight skidded off a runway from atlanta attempting to land in snow and freezing fog. the plane carried 125 passengers and five crew members, and no major injuries reported by the plane is apparently leaking fuel and we have some late pictures that are coming into us that we'll show you exactly how close that plane got to the river on the other side of the fence is the river. they were very lucky. south korea police released footage they say showing the man who slashed the u.s. ambassador's face seen here leaving the house to head to the venue in seoul where the attack took place. in 2010 the same man tried to attack the japanese ambassador to south korea by throwing a piece of concrete. a russian defense official accuses nato as using the crisis in ukraine to move closer to russian borders. the defense minister says nato

countries create basis in the baltic countries to exploit the situation. 2.8 million-year-old fossil of a jawbone with five teeth in tact discovered in the desert pushes back the dawn of human kind by a half a million years. it was found about 40 miles from where the remains of lucy one of the most famous fossils were found in 19 74. that's the cnbc news update at this hour. back to you, ty. >> thank you very much. the dollar rises to an 11 and a half year high against the euro and marching closer to parody, the euro or sliding closer. >> 1.10 was the last read. >> what we saw earlier. >> wow. >> following comments by mario draghi today, we have our cnbc analyst with how it's playing out in the u.s. market today. steve, start with you. draghi i can't help but think he's draghiing his feet. >> it's here.

he's bullish, tyler. it's been a long time since anybody's been bullish. draghi announced today europe would finally launch the much anticipated quantitative easing program. that word was in there before you expressed exas abrasion. it's happening march 9, going to the market with 60 billion euros euros, doing that now until november 2016 or 2 trillion worth, going on until inflation starts to behave how they want it to. draghi insists this turns around the economy and ecb predicts 1. % growth this year up from 1% in the prior forecast. that would be the best year of european growth since 2011. the 2016 outlook up four tenths to almost 2%. >> in an environment of improving business and consumer sentiment, the transition of the

measures through the real economy will strengthen contributing to the further improvement for the outlook of economic growth and redaction in economic slack. >> that's draghi being bullish if you were unclear. on a run since january, up 14%, compared to 2% of the s&p 500 in the united states. other ecb programs before prompted similar runs of optimism only to be trampled by the reality of anemic growth rising unemployment, depression and greece, greece in the possibility of an exit from the eurozone is a question mark as does the question on whether low interest rates from the ecb find their way from the financial sector into the real economy. >> steve, thank you. kenny, down to you. i just looked at that last chart, and it showed how much the european stock index is up on the year. double digits compared with one for the s&p. do you think that divergence

continues? >> no. well i think -- i think that the divergence continues, i think it narrows, right? the u.s. market will start to play catch up. >> all right. kenny, we have to leave it there because of all breaking news today. we'll be back soon. again, mandy, over to you. thank you. we're just watching stocks trying to stay positive but the s&p was negative seconds ago. what's the catalyst to drive the market higher from here. let's bring in john buckingham chief investment officer, and also a cnbc contributor, gentlemen, good to see you. john, first of all, to you, a quick word on the ecb unleashing the money printing presses as of monday. what do you think are the implications for our market? >> well, i still think the global central bankers are going to remain accommodative for quite some time even though the federal reserve starts to raise interest rates, but interest rates are so low today, that's

what is just amazing that investors are rushing to buy european debt and, you know, european government bonds with negative yields. this is fascinating from the equity markets, you know stocks are very attractively valued thinking about dividend yields my own yields 2.6%. doo i want to invest in that for ten years or buy a ten year treasury yielding less than that? i think that the interest rate environment is very positive for the long term for u.s. equity prices. >> okay. you see it being supported, by michael, am i not wrong in thinking you believe there's warning signs out there? is the market fully valued at these levels? >> strikes me as fully valued yes. when you see stocks go from 6700 in 2009 to 18,150 where we are now on the dow jones industrial

average, that's a terrific increase. yes, when anything goes up unabated for six years, i think that you have to take a look and be a little bit careful. you know when something goes up really high it's probably not the best time to think you need to buy a lot more of it. i am cautious. i'm also cautious because i think that a lot of this price increase has been driven by monetary policy not only from the federal reserve, but from central banks around the world. it may be that as the u.s. fed is beginning to really might get to the point to raise rates, europe's coming in to start sending cash flowing in. it doesn't look like this party's over yet. >> okay. you say a lot of the rally was built on just low rates and easy money, michael? to what extent do you say that's the premise you talk about, and if that's the case when rates start to rise here in the united states, what happens to stocks? do they stop rising as well? >> that is -- that is absolutely the majority of my premise.

the economic data are really fragile fragile. the 2% or 2.5% growth stimulus is not much bang for the bucks spent. we have seen stocks pull back every time the fed really extra kated themselves in the cycles of different sages of quantitative easing. it may happen this time. it may be that the fed doesn't do anything for 2015 at all, and it may be that the other central banks that the european central bank and other central banksaround thebanks around the world can fill in the monetary liquidity gap. i don't want to call a top because we've seen four different cycles, john in i in our long careers now have seen markets get more expensive. you have to be cautious. >> due for a pull back john michael -- >> yeah but we've been there way for a long time, right? due for a pull back for years.

>> we have not got one of a huge significance in a long time. okay. thank you very much. you can go to powerlunch.cnbc.com now for signs of an uptick in consumer spending. that's the focus of the piece. let's get to sue for a news alert. as we wait for the news conference to start concerning that delta flight 1086 from atlanta that slid off the runway and the nose went through the fence, look at the pictures from the nypd special operations showing you how close that plane was to the water. dramatic. could have had a different outcome had the plane not stopped where it did. these are taken from the other side of the river from the nypd special operations. the news conference should begin in a few minutes. look at rubway 13 where the plane slid off the runway and as you can see, that runway and most of laguardia is surrounded

by water. it could have been a different outcome for that flight but at this point, there's only minor injuries. there were 125 passengers and five crew members on board that plane, but we wanted to bring that to you because it is really pretty dramatic to look at that at this point. ty? as we await the news conference there about the laguardia incident we all know from those of us who flew into and out of there, they hit the breaks, and the reverse thrusters very hard and fast on those runways there because they are not the longest in the world. all right. get used to hearing more about something called tilt rotor aircraft. the military is buying more and more of them but they also have commercial uses, and those new markets mean jobs in the u.s. and jane wells is in california now to explain. hi jane? . >> hey, tyler. interesting story. one of the pentagon's most controversial airplanes not only remained popular, but gaining commerce now, and a commercial version will hit the market.

it is the world's first tilt rotor aircraft, taking off and landing like a helicopter and fly like an airplane. despite safety concerns and corps, they are considering this for aircraft carriers, ordering them. apparently the navy made the decision without the bidding process in order to save money. national defense magazine says northrop is not happy, but there's no way to protest the decision because this was not a contracting dual. now the technology is proving attractive enough that part of italy is developing a commercial aviation version that will do final assembly in philadelphia. yes. american manufacturing jobs. the company already has two customers waiting, a couple charter services. >> the aircraft will be a game changer for the industry. the further, faster higher so twice as far, twice as high and

twice the speed. >> they hope to build the planes this year and get faa civil certification by 2017. >> will be helpful for executives to repel down out of the plane, right? jane, thanks. >> right. you don't slide off the runway in that thing. >> no, evidently not. you land right down. jane, thank you. rewalk robotics launched an ipo in september of 2014 a rough time since then as you see on that chart. over the past three months down 24%. is there a place for rewalk in the health care market? that is coming up in the second hour of "power," plus -- >> the city in today's power house is the birthplace of edgar allen poe, home to the oldest original mlb park in the country, and the location of the revolutionary battle of bunker hill. can you name that city?

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conference on that airplane incident. >> approaching from the northwest. the runway's about 7,000 feet approximately 45 to 5,000 feet down the runway the aircraft veered to the left. it never made contact with the water. the aircraft was carrying 127 passengers and five crew members. happily, there are only minor injuries that have been reported. at this point, we believe two passengers have been transported to hospitals. that number may change. the emergency response by the airport rescue and fire fighting, a division of the port authority police was exemplary. four trucks responded and a stair truck, 14 airport rescue and firefighters in total, port authority aviation staff at the airport had 50 people on the airfield. our first response was in minutes. the port authority police and

arf trained for this repeatedly during the last three weeks. there were two arf drills in laguardia for exactly this circumstance. last thing our report is we expect to open the other runway 422, at approximately 2:00 p.m. some flights have been diverted to newark and other airports. as ron mentioned in the beginning of the conference the ntsb is on the way to laguardia and we'll be cooperating with them closely as with delta. we're not going to speculate or comment on the causes of today's incident. with that, i'll turn it over to gail from delta airlines. >> thank you, pat. this morning, upon landing, delta 1086 exited runway 13. the md 88 aircraft was carrying 127 customers and five crew members. customers were deplaned safely

and moved to the terminals on busses. they have subsequently been reunited with families and are in the midst of going back home or into the city. we are working cooperatively with the port authority, the ntsb, and all officials during the course of this investigation. the safety of our passengers and our crews is delta's number one priority. i want to thank the extraordinary efforts of the port authority, arf, the papd for their quick response in this situation. and i also express sincere appreciation to the crews for their professional quick response to help keep our passengers safe and get them to the terminal safely. thank you. >> we'll take a few questions. given the fact the ntsb we'll not comment on causes. pat? >> good question, pat. shortly before the incident at

11:05, two planes landed and reported, quote, good braking action on the runways. this particular runway had been plowed shortly before the incident. the pilots on other planes reported good braking action. yes? yes? >> i think the pilot did everything he could to slow the aircraft down. the efforts we reflected in minor injuries. >> talk about bumper copes. >> what you're referring to is e mass. it's a required -- >> >>. >> you're listening to the port authority, and we'll continue to monitor the developments if there's anything big we'll bring it to you, but in the meantime we have a quick break and will be back in a couple minute's

time. you're watching "power lunch" on cnbc. [ female announcer ] who are we? we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours.

our house, boston beacon

hill with us vt vineberg of charles gate realty. market stats, average price is $281,000 so says zillow. first listing on bowden street $475,000, tax is $4500. studio one bath. 492 square feet of living space. 8 feet of snow. tell us about it. >> ha-ha! yeah. thanks for having me on great to be here. great starter condo in beacon hill the signature neighborhood. first planned land development in the country, back in the 1700s, rich in history. chance to enter the neighborhood, makes a good investment property and starter home, and, you know makes a good -- >> beautiful beautiful beautiful part of the town. second listing, 35 street

almost 1.7 million, tax is 14,000. two beds two and a half baths, 1800 square feet of living space. a beautiful in town home. >> yeah. this is, you know, your mid range listing, it's a high price, but it's for people who are going to stay in the city with a child or two, got a roof deck. has that two bedrooms plus the third potential room there, you know that's a great condo, and just kwint sensual brown stone. >> that's really the price of the mid level sort of point of end try here. power house of the week, 14 charles river square 3.8 million, tax is $17,000. four beds four baths, 3,000 square feet of living. this is a big one. >> yes. this is a great house. i mean, a very rare combination of kind of you know urban living with, you know somewhat of a suburban amenities in the four bedrooms, four bedrooms,

parking, roof deck centrally located. >> beautiful. >> it's a really kind of quiet elegant cul-de-sac smack in the midful of the city but it has privacy and charm to it high profile residents. it's really a signature property in a signature neighborhood. >> thank you very much. >> thanks tyler. personal loans are booming. who gets them? what are the terms? diana has the story. >> hi ty. who is getting them? home buyers. we'll tell you how and why coming up next on power lunch. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure.

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we're always looking for enterprising businesses on cnbc. well, one dutch bakery is making a mint on owls. you heard directly. they carry umbrellas after a series of attacks from above by an angry owl. to cash in on the notorious bird, the bakery is making owl shaped cup cake and they have been flying off the shelf. oh. excuse the pun, tyler. >> i'll be darned. how about that. mandy mandy, thank you very much. personal loans are booming. what are the rates 1234 restrictions? who gets them? what do they use them for? diana was in meetings with executives changing the loan industry, and she is live from

new york. hi diane. >> hi, ty look, personal loans are not new, but getting new attention in the today's tight mortgage market and at the lending conference in new york. that's why loan depot, a nonbank mortgage lender offers personal loans next week. the idea is to help borrows get cash for higher down payments on a mortgage. say i have $30,000, but it's not 20% to put down and i won't qualify for the loan. i borrow 30 or 40,000 on a personal loan, and now i have a 20% down payment. here's what you need to know. you don't need collateral. you do need excellent credit. 6630 is the bottom but 715 more the norm. loans have higher interest rates, 10 to 12%, and they are shorter term three to five years. one more reason though they are getting more popular? capital it flowing their way. >> wall street's telling us is we have a lot of money. we want to put it to work. these assets have a great yield. we're interesting in buying

them. >> home owners are also asking for the loans instead of home equity lines, which if you think primary mortgages are tough to get, cash out helix are a bigger pain. we are talking about it online. >> as i recall on prior homes i bought, you couldn't borrow the down payment, but you have to sort of sign and say, no, this is money that is mine. >> we're not talking about borrowing the down payment. we're talking about borrowing cash. once you borrow cash, it's yours to use as you like. >> but you're still getting a loan for another loan isn't it? >> apparently yourgs can do it. we spoke not only to the ceo of loan depot, but the president of wells fargo home mortgage and said it's not happening so much there yet, it is a possibility. you can do this. >> all right. very interesting changes in the loan market. those personal loans have high interest rates, however. thank you very much. thank you, mandy. i am in for brian for the next hour.

>> i'm going to exit for stage left. >> stage right here. >> okay. >> see you tomorrow. >> thank you dear. >> 2:00 p.m. on wall street, and welcome to the second hour of "power," and melissa lee at the nasdaq. >> a lot of snow, look behind me. the latest on the story we've been following. laguardia airport is hours after a delta plane skid off the runway into the fence today. one runway scheduled to reopen at 2:00 p.m. eastern time. the plane flew from in atlanta landing on runway 13, a shorter runway than most. you can see here from the nypd photo how close the plane was from sliding into flushing bay. the 125 passengers were evacuated. two people taken to the hospital, no reports of major injuries. it had been snowing for several hours before this but authorities saying the runway was plowed just before landing. ty? >> all right. right now, oil is trading down 1 1.5%. it is still, however, above the

$50 mark for u.s. benchmark crude, but this is the time of day we see big moves headed into the close. right now, we are near the lows of the day. exxon mobil says to get used to it. >> people should be prepared for volatile any in the market. i made a comment about the storage buyers building months ago, said what goes in storage must come out of storage? so i think there is the potential for there to be further pressure on the market for a period of time and i think people kind of need to settle in for what is likely to be a bit of a volatile time and i think they need to settle in for what is volatile around the level we're at. >> jackie is live at the imex. >> good afternoon, tyler. floor traders echo the endment of tillerson as well talking volatility for quite some time. we have a move to the downside on the hands today, but wti staying over $50.

$50.73. we are not looking at this as a very convincing move because of the pop that we had yesterday. you could have profit taking here. those key levels holding is really important. traders are digesting inventory yesterday, talking less about that, more about china lowering growth target from 7.5% to 7%. dollar index over 96 and that's having an impact here. what we're talking about for levels right now is probably to bounce around the $50 for wti and $60 for brent. 48 1 a key support in wti, and then he starts to think about changing the thesis but right now, he thinks the bouncing around volatile action is going to continue. now, i know we've been talking a lot about retail and gas prices. let's talk about that gas price. up again $2.46 according to aaa. that's only now a dollar less than a year ago. if potentially we saw low gas prices helping things out a little bit they may not in the

future because traders are saying we're headed to 250 and potentially higher from there. back to you. >> all right. jackie, thank you for that. two big stories right now, alibaba at a bottom? we'll get to that in a minute. first, look a a potential red flag for the markets with dom dom chu. >> transportation stocks referred to as a possible leading indicator for the overall market and economy and the reason why is dow theory a component of it saying the stocks lead the way. look at the dow industrials against the dow transportation stocks. you see a market under performing year to date. one is negative. dow transportation stocks have not made or vehicle dated the record high seen in the overall market. this is why it's important for traders out there. reason is when the transportation stocks tend to start underperforming the overall market you worry. maybe moe ten tum is going away. this is a chart here of the dow transportation stocks, and how they are valued versus the s&p

500. the more positive that line goes, the more momentum to the upside. outperformance for the transportation stocks. you can see here that line is starting to level out and turn negative negative. that's why chart watchers or technicians are worried. that, according to the carter braxton worth. he says there's names to watch as ones that are maybe technically not as sound. american airlines within transports, gainer last year now maybe the chart's not looking good. you see it's tailing off here in the latter part of this particular move. then, again, another one that you want to watch, and the trucking sector. conway shares. you see here those moves, again, we've seen lower highs, starts -- the trend has been down here and then one more here is ups, the package and delivery service, that chart there as well showing signs here of overall weakness and you can see on the bottom end, again, ups is one to watch. carter worth has other technical broken down stocks go to our

website for more on the story. this is the broad stroke but the entire view is on our website right now, guys. back to you, melissa. >> all right tyler, take it away. >> i was going to ask a quick question there. do you, in dow theory do you want transports to confirm industrials, or are they supposed to lead industrials and the industrials confirm them? >> it's interesting. with the transportation stocks, what you want to see is investor investors putting money into them or activity out of the transportation stocks because, again, it's a view on the overall economy. as people ship more goods, people demand goods, and the economy starts to gain steam, it stands to reason these companies, transportation stocks, are the ones that see a sign of life earlier on. that's a lot of the reason why the train stocks, rail stocks trucking stocks tend to be indicators for the overall macro economy. tyler? >> thank you very much dom. now down to you. >> alibaba down 25% since the high in november. is alibaba hit a bottom. rob sanderson, senior analyst

bullish on the stock. jeff killberg, kkm financial. bearish on the stock. rob, starting with you. in terms of the fundamentals there's concerns about counterfeit goods, brushing but when you just look at the technicals, there is a huge lockup expiration on march 18th. 429 million shares come to the market. come september 20th 16 billion shares will come to the market. at ipo, they sold 320 million shares. number of shares outstanding going to increase significantly. is there a reason to own the stock ahead of the two lockups? >> yeah i think there's a couple things you touched on there, but addressing the lockup expiration. it's always difficult with big supply coming into the market or potential supply. in the short term hard to navigate waters. a lot of people on the sidelines. it's a date circled for quite some time, and that's the conversation on the stock back to december how does it trade into and through the lock?

it's not fundsmental. talking fundamentals is another story, but in the very short term, it's difficult waters to navigate. i point to jd, who is a comp to alibaba, chinese e-commerce player with 650 million shares unlock this week. that stock's up. that's just a sentiment reflection. people have been anticipating this and hard to see how people are positioned into the event. >> people made the case with twitter as well. jeff twitter traded down into lockup expiration. jeff, i'm curious, this is the only game in town if you want chinese e-commerce exposure. why are you bearish? >> i couldn't agree with you more melissa. short term bearish, long term there's a lot of great reasons to own. today, they are splashing in the united states silicon valley dive into the 100 billion cloud industry market but i think short term, they are in a price discovery mode melissa. ipo price of 68. go back there and test 24 as is

lockup. we saw the biggest gain of the year since ipo, yesterday, but we saw an 80 print on tuesday. we're seeing tremendous volatility. >> rob. back to you. brushing sounds terrible, but i want to walk through how it hits financials. essentially, this is when merchants pay people to buy goods so then that listing moves higher up in the alibaba algorithm. how does that affect what they report on a quarterly basis, if at all? >> yep. great question. the practice of brushing is to artificially inflate ranking as you mentioned. what -- there's no impact to the pnl. it's overstates the gmv potentially so gross merchandise value reported is not a financial metric, but a metric of vehicleup, merchandise moving through the network. my comment on brushing is this is a huge marketplace. there's a billion active listings 8.5 million active sellers. people are going to try to do bad things whether it's online

commerce, offline commerce anything. it's human nature. there will be bad actors. it's not an alibaba specific problem. >> the sentiment from u.s. investors on stocks are leery. the numbers we do not trust. brushing is a bigger deal than you anticipate. they have to flush it out. >> we got to go guys but, jeff, baht testimony line in terms -- ten seconds -- are you short alibaba at this point or don't buy it? >> i'm selling puts unless i want to buy it close to the $6837. >> all right. rob and jeff thank you so much appreciate it. for the alibaba story, dow transports a red flag and other great contents from cnbc pro, go to powerlunch.cnbc.com. tyler? reporting same store sales today, gap, l brands costco a few there. the stock action there. february is a weaker month for retail historically. there's the brutal winter and slow down in shoppers all shopped out after the holidays.

with us to discuss the best strategy to trade retail in the tricky time is january, ceo of worldwide enterprises and stacy, cnbc retail analyst and retail adviser. stacy, we've seen the l brands costco numbers, gap after the bell with the same store sales, what do you see here? sni surprises? >> there's been a consistent theme here particularly for lb. they have been consistent. they beat comps and the margin. j why is that happening? the rest of the mall is complaining. it is because there's category killers, and in addition, there are lead times on products that is as little as two weeks now. whereas names like the gap, if they call a fashion cycle wrong it takes nine months to recover. really that's the story here. >> january, what's your thought to reaction to what stacy said? >> well she's right on that.

no question one of the most consistent performers in the country is limited brands or l brands now. no question costco falls in the same category reporting great numbers, two of the best in the country, you talk about it it's easy. unfortunately, people who do not report today are not the best in the country. we self-selected the people who tend to report the better players, but i absolutely believe that l brands is winning the game. they are flying product in. they don't have the west coast strike problem. they get it in weeks. she's right, retailers are stuck at 26 weeks, 35 meeks, nine months, a big difference. >> ones that report their same store sales typically are the ones with better stories to tell, january? >> absolutely. some people who do not report with good stories to report, but those who keep reporting, consistently have good stories

to tell. it's an ever smaller group reporting and giving us not as good a guidance as we would like to see. clearly, february was not a good month. you sure as heck don't know that looking at costco and l brand's numbers. >> january's stock pick in the marketplace, stacy, what are yours? >> i like lb. tjx, and i think target is interesting. we heard at the analyst day the other day, and as i said on the show the other day, this is a company driving its destiny getting its mojo back offering competitive shipping rates and recovering from the years where it focused too much on grocery and left its core categories behind. i still think that's a very interesting stock, even at these levels. >> i'm on the other side of the game. >> go. >> i'm not a fan of target right now. they got a lot of wood to chop to get it back to where they want to to be. in 2006, i would have said to you target's the best retailer

in the world. certainly in the states. i think they have lost a lot since then. it's clear they know what they are doing, saying the right words, i was at the meeting hearing the story of what they were going to do, and i agree with the strategies, but it's hard to get back. they chopped off canada already. i bet on retails, i'm more interested in kohl's and the steinmart and burlington stores because they are working right now. prices are working, two companies that were totally undermanaged for 20 years, and now they are over managed doing really, really well in the sector. i like those two. we don't disagree on much but target is one. >> interesting divergence of opinion there. we appreciate that as always. that's what makes the market folks. thank you very much. on the menu for the rest of "power lunch" with 48 minutes left, what kind of a home does a million dollars buy you outside of the united states? we'll show you. speaking of outside the country, where is the better place to

invest? china etfs or etfs that track india, and hillary clinton has one. should you have a personal server too? we're not talking about someone to bring you dinner but costs, accessibility, computers, and what you get when you buy one. right after this break, the robotic contraption to help the paralyzed walk again. it's an amazing device but the stock is not keeping up dropping dramatically since the last time the ceo was on "power lunch," right after the break, the ceo is answering tough questions about the sliding stock in two minutes.

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rewalk has had a tough time for the stock. it is down just about -- well 64% from the high. the market cap is now on a small side of $216 million. we're talking to the ceo of rewalk robotics larry, great to have you back on "power lunch." ? zblaupg, appreciate. >> it's exciting technology and analysts are excited about the prospects for it. but there's caution near term. low visibility into the company, there's near term execution risk, and there's a slower ramp than they expected. as i mentioned, stock is down 64% from the high. the last quarter, you reported a

miss. i want to go into the potential barriers here. one is reimbursement. it's an expensive device. what can you tell us about reimbursement policy of the usda? right now, it's approved on a one off basis, so case by case. >> they are building infrastructure, in a period where they built the resources internally to clinically take on the patients and train them and also done a great deal of work on a national policy which will not just be a one off but broader. we don't know the timing that we'll get to that but they are looking at it in a serious way, and i think the long term components driving the stock are understoodment tally still in place, and look at the numbers, we had 15 training centers, 54 people on the streets of different cities in the united states, around the world, fundamentally, the things we need are there. >> they are -- they are there, but they are not quite there yet because you don't have visibility into the time frame when the va comes up with a blanket reimbursement policy correct? >> correct. >> okay. >> the key is they are active.

forming the committee looking -- >> in the process, but you don't know the timeline? >> i can't predict the government, just my efforts, but they are not inactive. that's important to us. that's how we look at it. >> you mentioned the training center, and people at home might not be aware of this fda approved last summer. the requirement is that a trained person is there to help assist right, with the putting the device on. how much of that is a barrier in terms of either personal adoption or at the rehabilitation center level? >> for clarity, a companion is trained with the person. you have a walker here today, his wife understands the basics of the device but he goes anywhere he wants. it does not limit him in putting it on or going places. if you walk down the street in new york, and you have a problem, you want somebody nearby to help. the limiters are not truly training, but it's the function of time. it takes a while to learn how to use the device. it takes 15 sessions, and once you've been through your sessions and then you take had home, you have to learn how to use it in everyday life.

at home is different than the rehab center. >> right. people have to pay to be trained? >> depends, the va covers training for the people they are training, and most hospitals get a level of reimbursement for the training in the united states. in europe some have been paying. >> right. in terms of your forecasts, in terms of how many of these devices are -- what do you call them? >> rewalks. >> rewalks, how many do you expect on the market? because of the lack of visibility with the reimbursement side of the business do you have visibility on how many units will be out there? >> we finished last year with 150 and 53 4 people use them at home. those are important measurements. as we look, there's sequential growth. uptake i can't tell precisely, but we'll see continued growth. >> order of magnitude? when investors invest it's cool technology undeniably cool technology, but at the same time the bottom line is they

want to know how many you sell. they have seen the average selling prices go down for the quarter, which is maybe -- i mean you're going from market share, but who are you competing? why are you lowering the price? how many unites you sell is credit call. >> you can see since the period that we got the fda clearance, we placed 75 systems. the price in the united states is constant actually. we saw some changes in pricing, where decisions we made to put products in training centers in other parts of the world and put them at a lower price, but the end user our dominant market we see that price holding. we will see the esps hold. >> prices hold but you don't know how many units are out? >> quite a bit higher. expectation and what we build for is to increase the number stanley. we have not given specific guidance on what the number will be, but in the analyst reports, those are numbers that are reasonable. >> okay. larry, great to have you with us. >> thank you. >> thank you for showing the

technology again. tyler? >> melissa, thank you. a million dollars is a lot of money by my measure, but in real estate it does not always go very far. robert frank will have that story for us. robert? >> yeah a million dollars gets you only 183 square feet in the most expensive city in the world. it gets you more than 2,000 square feet in the cheapest. we'll tell you where they are and which cities have been the best raems investment. i'm karen nyberg and i get paid for this. >> three, two, one, zero. liftoff. >> what it takes to be an astronaut, coming up on "power lunch." it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses,

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maybe where you live a million dollars buys a big house, but in some cities it's barely more than a close et. robert frank, how far a million dollars goes in real estate. robert? >> in the most expensive city in the world, a million dollars gets you one bedroom. literally run room. monaco is the priciest market in the world. a million dollars gets you 183 square feet. now, hong kong they rank second. that gets you 215 square feet.

london you get a wee bit more at 216 square feet. look worldwide, new york looks affordable getting you 366 square feet. remember, this is for prime property. the top 10% of the market there are plenty of apartments that are indeed cheaper. this luxury. bargains? go to cape town south africa a million dollars gets you 2200 square feet. i'd looked at the best investments, tyler, and number one is new york. price up 18.8%. aspen, colorado is second and then bali, paris, europe, not doing well, and buenos aires, the worst market in the world last year down 15%. >> sounds good to me. >> yes. >> with it snowing here, man --

>> a new bureau? >> i'm all in. thank you very much. for more go to powerlunch.cnbc.com. every week we feature people with incredibly cool jobs but this week's job is out of the world. out of this world, literally. >> i'm karen nyberg and i'm paid to be an astronaut. ♪ ♪ my flight i launched in may of 2013 and we traveled to star city russia for a month and a half before the launch and to do final training and then two weeks before launch we head as a crew down to kazakhstan you're in quarantine, can only see them seen by a doctor and then the time comes and you launch. in the space suit climbing into the vehicle, waving to the crowd, once the engines light and you start ascending, it's the most amazing experience.

>> liftoff of karen nyberg. >> the objective is to get us to the international space station and to take us home. objective of the mission on the international space station are to act as a national laboratory. we do science for companies around the world. we are studying what happens to the human body without gravity, and also to study equipment. we had a couple space walks in the mission. i was there for five and a half months. we work basically workday, monday through friday. we do house cleaning saturday. every day involves exercise because we're trying to keep bones and muscles and hearts strong for the return to gravity. every so often, i had to stop myself and say karen, look where you are. so few people get this experience. it's an amazing office. >> weightless for five and a half months. washing your hair in space, it's simple. a little water, no rinse sham boo, and biggest challenge is

finding a good foothold so you don't get fly aways. to find what everyday comfort she missed while up there for five months go to powerlunch.cnbc.com. >> that's what my hair looks like before it's done. a big controversy over hillary clinton's use over a personal e-mail server. is it the best way to keep your e-mails private? how much does it cost? how does it work? we'll answer all the questions, plus counting down to the close of oil trading to bring you the final numbers. stay with us.

hello, everyone. >> i'm sue herera, and here's the update at this hour. laguardia airport opening one runway in the aftermath of 1086. the plane stopped just short of the flushing bay. major, major luck on that particular front. no major injuries reported. the boston marathon bombing trial is in the second day, boston police department was the first to take the stand, explaining what he saw when the first bomb went off. bombing survivor jeffrey

bauman, lost both legs in the bombing, explained he wore shorts because pants get in the way of his prosthetic legs. putin said russian backed separatists and ukraine forces have to strictly comply with the cease fire agreement, the best way to lead a comprehensive peace deal. back upin louisville, the highway shut down due to the snowstorm that hit the area more than 600 trucks alone are stranded with some drivers stuck for more than 12 hours. no reports of injuries. that is your cnbc news update this hour. back to you. >> thank you very much, sue. the final oil settling for the day, and let's get to jackie over at imex. >> oil is going to settle under $51. 51.75, down 75 cents. what's interesting inging is brent crude is positive at 60.57. what traders are focusing on today is the dollar strength.

that's where the negative momentum came from. it's the pop we had yesterday. we definitely saw profit taking here, but, you know, we had rex tillerson on talking volatility traders expect the same and have been for quite some time here that we bounce around these levels absent a major catalyst. talking major catalyst, you thought yesterday was one, but there was no impacts on this market. traders say they are going to work through that inventory in a short period of time. i do want to talk about gas prices because aaa says the national average for 5 gallon of regular is $2.46 but they expect a 20% -- 20 cents jump in march. we could see the prices surpass $2.50 impacting consumers. back to you. >> thank you very much. >> shares of exxon mobil lower. earlier this week warren buffet is selling his stake in exxon mobil, but the ceo tillerson says the stock is still a good

bet. >> we believe we're still the very attractive opportunity for people who want to have a piece of this part of the global economy that will be there in the global economy because there's never not going to be energy demand. >> the senior vp energy analyst joining us now for a take on big cap oil stock. great to have you with us. narrowed it down to three stocks. it seems like the theme here is that you like the one stock, chevron, but there's much more oil exposure opposed to some of the gas here big cap oil names. >> absolutely. look, you know, which commodity's down 50% in the last six months? it's crude oil. companies that have the direct leverage to an oil price recovery, you know we think are fundamentally well positioned, you know in terms of equity investments. exxon, obviously, you know it is an oil company, but guess

what? half of its earnings come from refining in chemicals this year. those businesses do not inherently get better or more profitable when oil prices recover. you know the upstream in a vat chain getting better when oil recoverings. chevron chevron, among the u.s. large caps, has about as much oil direct oil leverage as anybody. exxon has less because of the refining and the chemicals. it's the world's third biggest chemical company and biggest refiner. conoco phillips does not have any refining or chemicals, but a big chunk of the production about a quarter of the production, is north american natural gas, which, if anything is an even bigger over supply than the global oil market. >> right. chevron is one with the outperform rating on. they suspended buy back program, really hunkering down in the light of the decline in oil prices. are you confident they did enough? they have a history of outspending what they make.

chevron out spends this year by $7 billion, and did that last year as well. >> virtually every oil company on the planet out spends cash flows this year in a $50 to $60 environment. that's inevitable. that's true of chevron absolutely. all the large cap companies are committed to, fist of all, supporting the dividend. that's -- they are not going to cut it. they are cutting back on cap x, chevron 12%, for example, and conoco by 30%. they are cutting back on drilling activity. dividend, sure buy back absolutely not sack zingts but that's a variable and, you know, unfortunately, the way it works, oil price is high, stocks are high companies do more share of buy backs. there is a school of thought out there that perhaps buying back

is not a good idea because you buy more shares when they are expensive. >> thank you leaving it there. thank you for the time. >> thanks. >> tyler? >> melissa, a tale of two emerging markets. on the one hand, china, growth of 7 % expected but then there's india, growth at 8% for the year outpacing china. with us managing director portfolio manager of advisory and research and david, president of the riedel research group. david, india has the better growth story, but the market's been very very hot there compared with china, but very very hot by in the standard. is it too hot to be safe? >> not at all. actually it underperformed china during 2014, china up 14 % in shanghai and bombay at 37%. it's not as hot recently but

india's operating from a position of strength right now. they are popular in international investors, enthusiastic as well. inflation is down critical for them, and they have a new government with a mandate for change. it's operating from a position of strength. >> how dependent is the market on prime minister modi's changes? >> very. >> and the policies? >> very. they need them to be successful. they are plagued by the discount for some time, the term used for the bureaucracy holding back growth there. they need to be successful. people believe he will be and it's time to grow. >> respond to what david said. india may have the bigger growth story, does china have a better value story? what about that 58% gain that david just referred to? >> yeah i think that's referencing the shares. we'll talk about the eight shares and listed securities in hong kong which is -- and the urs, accessible for most u.s.

investors. listen. the discussion is the prototypical value growth discussion. you have india stocks trading at 22 times earnings three times book value, 25 times cash flow. you have major chinese companies trading at eight times earnings one and a half times book value, seven times cash flow. markets diverged significantly in terms of valuations despite the run of the shares last year. you are dependent as dave said quite a bit on political moves within the indian government and expectations for growth. we are very committed investors to protecting on the downside. when we look at the mid and small cap sector in particular within the chinese market you see terrible expectations. virtually nonexistent expectations. for us, you look at the downside, and it's very limited. the upside opportunities, though, we think are discounted by the market significantly, and, in fact we think the slow down in growth within china is going to be productive in the

long term. if you have a three to five year time horizon, we think chinese oriented securities have limited downside and a lot of upside opportunity. >> gentlemen, we have developing news to check in with. i have to leave it there. john, david, thank you very much. we'll talk with you and the topic more. sue now, news alert, sue? >> concerns the mandarin oriental tyler. confirms it's been hacked credit card systems were accessed, they have removed the offending malware, which was undetectable by all antiviral systems, which they say they had in place. they also say that it is an isolated number of hotels in the u.s. and europe that were affected. they are not naming the particular hotels and properties, just isolated numbers in the u.s. and europe. it was an unauthorized, obviously, cyber attack now confirming it. they said yesterday they suspected there was a problem, and now they are confirming the malware was in place.

undetectable by their systems, and they were hacked. back to you. >> sue, thank you. still ahead, a new twist in e-mail gate why hillary clinton ran her private server while serving as secretary of state. heading to break, a look at the euro headed 1.10 for the first time in more than a decade. stay with us. we're back after a quick break. 80% of the poor in africa are rural farmers. 96% of them are doing rain-fed agriculture. they're all competing with each other; they're all making very low margins making enough to survive but not enough to get out of poverty.

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>> the fallout continues, use of personal i mails while serving as secretary of state, and it now turns out those e-mails were linked to clinton's own personal e-mail server. we have more. >> tyler, this is what we know. like other secretaries of state, hillary clinton while in office used her own private e e-mail address rather than a state.gov e-mail address as she was secretary of state. she had her own personal e-mail address, which apatiently was hdr 22@clintonemail.com. not easy to figure out for outsiders. the actual server for this was housed at the private residence in new york. the question is why she would have wanted to do this. there are a bunch of possible answers to that. one is that by asking the server located on her property and legally her own private property opposed to government property, she 4 a lot more control over who had access to the e-mails and what e-mails would be turned

over to the department of state for national archives purposes. you know government officers at the end of the term in office turn over all their papers to the national archives including e-mails e-mails. 24 way clinton staffer could be the ones to choose which e-mails were sent over and which were held back. there are questions now about the propyrety of that. also it's entirely possible that this setup was relatively secure and at least hidden from public view in the sense that hackers would not go after e-mails there, but look at state.gov, and seen with edward snowden, there's problems in keeping government data secret. this might have been a way to keep data someplace where hackers would not necessarily look for it. al toud tyler, this is easy to do. i talked to e-mail experts today saying you can set up your own receiverer for a thousand dollars and can in a half hour. no all that complicated, but it presents complications going

forward for hillary clinton going forward. >> thank you very much. one wall street firm bets on coffee and donuts. we'll tell you about it ahead. update on the real life wolf of wall street. where is he today? how much money he still owes tax players like you and me. wee are back after this.

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big interview on closing bell, and mark joins kelly evans live with his take on where there might be a tech bubble. kelly joins us now with a preview. >> hey, melissa. >> very interesting blog. >> it is. listen, a lot of people are taking issue with it saying how can you possibly compare, even what excesses and egregious processes with the dotcom bubble in '99. >> exactly. and also his point about there being no liquidity but overvaluation, and that is worse than a market that is overvalued with liquidity. if a bubble is a bubble but it doesn't burst, because there's no liquidity, than is it really a bubble or is it just an overvaluation that will eventually work out gradually on its own? >> or if a tree falls in the 1% forest, does it matter to the 99%? that is the question hanging

over this. it's like look if you have people investing in these companies and they have to be accredited investors and there's a certain threshold and it's not as high proportion as americans as it was last go around. okay, even if they're making poor decisions and a lot of these investments don't bear out and may be worthless, what extent does that matter to the markets more broadly or the rest of us to those people watching who may not be involved. >> all great questions. look forward to the interview. >> coming up right after 4:00 right after the close, melissa. see you then. >> exactly we will see you then. time for street talk. five big analyst talks on the stocks you need to know about. kick it off with a huge mover. made a huge move to the upside in the past half hour. vivint solar, lowering eringering eps estimates. reiterating its outperform rating at a $25 price target. i looked at whether or not there's a big short squeeze here in the stock. the short interest is very low. >> look at that move though.

30% today alone. my goodness. next a big trade for dunkin brands. the firm citing increased sales, strong results from its perks loyalty programs. dunkin, melissa, up more than 9% this year. >> pretty good run and the k-cup business is going strong. they recently penned a relationship with smuckers for distribution of their k-cups. broader distribution there, that's good for franchisees and the stock. up next plantronices. the company said it would return 60% of total free cash flow to raymond james. that means stock baybochuybackbuyback. jp and exelon about 15% upside to the stock. and this has been an underperformer. it's down twice as a much year-to-date.

our final stock here is embrair. disappointing earnings and 2015 guidance below expectations. the brazilian real weakness that was a negative. >> all right. well he is the real-life wolf of wall street. jane wells is on his tail. >> melissa, perhaps no one better described personifies american greed. up next what he did, what he's doing, what he owes and what my hair looked like eight years ago. when "power lunch" returns.

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tonight on "american greed," the story of jordan belfort, the man who inspired "the wolf of wall street." jane wells has interviewed him in the past. jane, what's he up to now? >> well tyler, he is still convincing people to part with their money. and he still owes the government more than $98 million. jordan belfort, who wrote the book about his pump and dump schemes and crazy life which became an oscar-nominated movie now makes a living charging people as much as 2 grand to learn his legal sales techniques. his story from rags to riches to rags to riches again. the story will be profiled tonight on "american greed." here's a clip in a 2007 interview with me and the effect he has on people. >> there was so many kids and everyone was making so much money, it was almost like a self-contained society. in a way, it was like a cult. >> and jordan belfort is the cult leader. every morning, belfort delivers

a fiery, motivational speech rallying the troops around the hot stock of the day. >> he would convince them that they were going to sell sell sell that stock. they were supposed to rip the clients' hearts out through the phone. >> i would say to my brokers, okay, i want you to do this to do that rip their heads off. and i stole from the movie "wall street," that was the best thing ever. i had to use those words to be like michael douglas. >> because they're sheep and sheep get slaughtered. >> that whole story tonight. belfort was ordered to pay $110 million in restitution. he's paid less than $12 million. says he doesn't have to pay anymore since he's on probation, but he wants to. however, the u.s. attorney tells me he's still got to get half of all proceeds towards his judgments. when i asked if he's paid anything lately they said no comment. but "american greed" reports that the $1 million he got for the movie, he paid the government 21 grand. >> how does he the get away with

that, number one? and number two, how does he live? does he live in a big house, drive fancy cars? >> he's still living on the west side, was a lot of times he's out of the country. he's making as much as 30 grand a pop for these appearances, but the u.s. attorney won't tell me what they're doing to try to get this money from him. and they won't tell me if he's even paid a dime in the last year. that to me is very strange that the eastern district of new york just won't update us on this public case. >> what's your conspiracy theory as to why they're not? >> i don't know! i don't -- really maybe because loretta lynch is too busy with becoming attorney general. i don't know. i also tried to reach out to jordan as i have repeatedly over the last year and i did not hear back. >> how is he to deal with? the movie had more f-bombs per unit of film than ever movie i've ever seen in my entire life. >> it's a real metric. >> what's he like to deal with?

>> by the time i met him, he was clean and sober. and here's the thing about jordan. he's really likable. i wouldn't give him any of my money. i'm not sure i would go pay $2,000 to go hear his sales techniques. but a lot of people do and they do because they're kind of groupies, guys that want to be just like him. they see him as kind of a winner. but he's really likable. i can see why he was such a successful salesman. >> a double-edged sword. jane wells, thank you. you can see the entire jordan belfort story on "american greed." that is tonight, 10:00 p.m. eastern time. and tyler, i will see everybody on "fast money" tonight. and we talked about the huge pop we're seeing in vivint solar. canadian solar is another one popping on the back of earnings. also saying it plans to have a yield co all the rage in the solar industry. the stock is up a lot, today. there we are 15%. so we're going to be talking to the cfo at 5:00 tonight on "fast." >> we'll all be watching and we'll all be watching at 4:00

when the "closing bell" has the inimitable mark cuban, owner of the dallas mavericks, a shark among sharks. thanks, everybody, for watching "power lunch" today. for more one you can find more cnbc.com. "closing bell" starts in three, two, one -- now. and welcome to the "closing bell," everybody. i'm kelly evans down here at the new york stock exchange. >> i thought we were at the north pole. >> feels like that outside. >> sure does. i'm bill griffeth. a snowy day in the northeast again. much of the nation, of course, we are watching a market trying to stay in the green after two consecutive down days after the nasdaq allegedly closed above 5,000 on monday. which i still won't believe. >> it will be real if it happens when you're here. see if it has more staying power that time. >> we're continuing to track the developing story out of laguardia airport, northeast of here, a plane skid off the