we're staying on top of carlyle group.the private equity firm's ipo sliced to $22 a share. >>> and we have two different ways to play a real estate recovery, zillow serving up strong quarterly results, the stock on a roll. today it's up 15.5%. >>> and ethan allen seeing a boost from sales. we'll be talking with the ceos of both companies. >>> with many large store chains posting disappointing april sales numbers, where could investors find bright spots? we'll talk to the senior retail analyst at goldman sachs when "squawk on the street" continues. ncer ]e a what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open

>> jimmy carlyle and derek fastlanger are two of the defendants. they both have grown up in flint. >> do you still want to hang out and whatnot? yeah, i know. average day. it's friday. still nothing to do. ♪ >> my mother wanted me to stop going over towards oklahoma, because she knew there were bad elements there that could possibly get me into trouble. and turns out, mom's always right. i got ahold of jimmy and we decided, hey, let's go hang out and party together tonight. so we got together about 6:00 and ended up going back to the house. and after we got back there, we sat around, [ muted ], drank, watched some movies. danielle was there, christina, me, john, trav and jimmy. >> at 11:00 p.m. the mood suddenly changed when travis reached for a camera. what you're about to see is from the unedited tape shot that night. picked over for clues ever since, it reveals an apparently terrifying ordeal. but it is all that it seems? among the many twists and half truths in this case lies one central mystery -- was danielle taylor a willing participant? >>

however, with carlyle today there's a lot of moving parts because each one a different entity. blackrock -- >> it's a money management company. >> they are. but at the end of the day blk is something you need in your portfolio. the management there, the leadership, i think those guys and gals are great over there. and i think blk is the favorite by far. i don't know enough about apollo, but they've kind of been a laggard here, so i'm kind of down on apollo, but i'm all in on blk, blackrock. >> biggest asset manager in the world. >> just getting bigger, ty. >> jeff, thanks very much. sue. >> ty, up next, forbes' top venture capitalists, 80% of them all came from one school. and it ain't harvard. stay tuned for that one. and wait until you hear what michael dell tweeted today. more "power lunch" coming up in two minutes' time. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for t

carlyle wants to post a deal at a discount. you can see upside after one peer, oaktree capital, has been sinking down about 6% since its ipo. and general lackluster trading by other p/e firms since they went trading. the current valuation for carlyle is at a discount. perhaps the conservatism is necessary considering its distributable earnings could well go down next year. now, remember, it's a volatile industry where shareholders only make money if the market for deals remains healthy. that's not the case right now. i'd say buyer be ware. tyler. >> kayla, thanks very much. more euro concerns. german unemployment, bad. banks, bad, the list goes on. how to play bad next. first, another look at your money. if you put $100,000 into gold six months ago, you'd be down $4,600. only have about $95,370 left. over two years though you'd be up $40,000. more "power lunch" continues in two minutes. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold a

and we have arthur levitt, a senior advise tear the carlyle group, a man who has worn many hats in financial markets and in government. we thank you all for being here and i appreciate you all taking part in this conversation. congressman garrett, i thought i would begin with you. i'm going to take you back to 2008, the financial crisis kicking in and the period after that. you voted against the tarp legislation, later opposed the stimulus, you opposed the dodd frank legislation. how would the world look today if those things had not happened if your way prevailed? >> couldn't be much worse. i guess after all of those situations went through. i guess the term that barney frank always used at the time when we were saying why don't we do this, after the fact, he said well, those are all counterfactuals and you can never go back to anticipate what would have occurred. but certainly with regard to two or three of those points you raise, the stimulus, had we not misspent over $800 billion, we would not be looking at the deficit level as there we're doing right now. certainly if we had not advocat

in 2007, co-founder of the carlyle group, philanthropist, david rubenstein, purchased for $between million one of only four original 1297 magna cartas and the only original copy in the united states. in 2009 mr. rubenstein permanently loaned the document to the national archives as a gift to the american people. it was taken off display in 2011 to undergo conservation treatment and to be placed in a new protective case. "american history tv" attended a press briefing for the unveiling of the newly encased magna carta. >> i'm david ferreiro, and i am happy to welcome you here today to one of our conservation labs. for years the only copy of the magna carta has been out of sight, undergoing conservation treatment. we're showing you the result of our staff's painstaking work, displayed in a new encasement designed and fabricated by the national institute of standards and technology. the 700-year-old document looks better than ever. when the magna carta is back on public display beginning on february 17th, interactive displays will enhance the educational value of viewing the record. visitors

is not related to one's job even that is is is the we the we that comes together that deals with carlyle buying our water or whatever it might be today david does the space have to be contested i mean there everyone could go out into the into the redwoods of california rules in place. and. in fact the g eight is being moved off to camp david it seems in dubai you know in order to achieve just sort of fit. well i think yes i mean i think there's been for the last thirty years there's been the systematic assault on on the notion of community and the idea of the imagination or political imagination and this is a way of reclaiming both at the same time so i think that that idea of taking something back is critically important because it is a demonstration of sovereignty in ritual to so that over an area of land we physically control through our political decision making absolute space you do not physically control absolutely and that's what's critical about it i mean it's a dual power strategy i mean we are talking about force we're not talking about legalities they're not talking about lega

>> no, i think carlyle, we want them to do well.artners for us in our private equity program. i think they did a great job in managing the ipo and expectations. it's still a puzzle why the markets get such a low multiple to the actual private equity profits and value the fee stream more. perhaps with more people going public it will be a better understanding and that would help the price of carlyle follow akr and others going public. >> it's not always about the fees. it's sometimes about the actual terms. >> fees are the question. >> too high. >> joe, always a pleasure. thank you for being with us today. >> thanks, carl. >> joe dear at calpers in las vegas at the s.a.l.t. conference. >>> up next, he has not had a television interview in over 12 years. we're going to sit down with the ceo of dean foods. first, a look at some of the winners and losers out of the trading session in europe. ♪ >>> right at the "halftime report" live at the s.a.l.t. with the live halftime managers. pierre lagrange and eric sprot and rick reider. plus, no

. >>> welcome back, there is a lot of economic news affecting the news today and that's the carlyle groupging the bell, they do a lot, they are the world's largest organization dedicated to teaching literacy and certainly working with young entrepreneur and they do it here in the bay area as well. they are all over the world, junior achievements so welcome and thank you for joining us on ktvu channel 2 morning news. it is 6:30 and we are continuing to follow breaking news in petaluma. we have confirmed three homeland security officers have been seriously injured taken to the hospital. joining us from the scene with what has been happening there, tara? >> reporter: well you know about a half hour ago we saw a s.w.a.t. team leaf and we believe they -- leave and we believe the home in question is about three doors down. it has a beige suv and a big s.w.a.t., special weapons and tatics truck and we don't know if they were trying to target somebody. there were a lot of shots fired, we don't know if the people inside are dead or alive and we simply don't know because law enforcement is not talk

>> well, it's carlyle.s not to see what lies dimly in the distance but do the duty that lies clearly at hand. >> guys, i asked him if do the duty at hand if they had seen any other acquisitions they're on the prowl for. he didn't fess up to anything at the moment. again, it's a 35-minute interview. you can check it out on cnbc.com. if you are willing and patient, you sit through it, you'll find out who he calls a piker. back to you. >> there's a great tease. now i really want to tune in. >> becky has done this tv thing before. >> just a couple of times. >> i get the feeling. don't break into con agra. i know it's right there. >> thank you so much, becky. we're going to make sure to watch your special edition of "squawk box" on monday morning. warren buffett will be live from 6:00 to 9:00 a.m. eastern. if you have a comment or question ahead of that, you can tweet@cnbc. we're going to be blogging live on cnbc.com's warren buffett watch. >> we're also going to have a pigeon that will take notes -- or that was

a lot of the chatter is about carlyle group. obviously a lot of private equity players are focused on what's happened there. the hedge fund managers placed a deal last wednesday, five down days in the market and finally broke the syndicate penalty bid of 22 yesterday around this time. let me point out that those that have bought the stock, bought into the deal wanted to point out to me this company's going to report earnings middle of next week first time out of the box as a public company. what everybody will want to hear is what is the distributable cash as a public entity, how much of that will flow now to those public shareholders as it has done with the partners. i say stay tuned for this. i think they would be crazy not to have an upside surprise first couple of days out of the box as a public company. >> i would tenld to agree with you on that. overall, gary, are people optimistic out there? or are they worried? >> you know, i was just talking to kate kelly offset here, sue. and although there are a lot of these lingering

ipo of the year, that's the takes book ipo, an old world come is coming to the market today, the carlyled priced its ipo at $22 a share, slightly below the expected range of $23 to $25. that value's the private equity firm at $6.7 billion. investors have complained it's hard to value the balance sheets of pe firms. shares of other companies have dropped sharply since their ipos. blackstone is down 56% since 2007. and apollo has lost 32% since last year. meantime the head of six major u.s. banks air their concerns with the top fed official on wednesday, about several new years in the works. the meeting with dan tarullo lasted more than an area and we saw jamie dimon and blankfein arguing they should ease up on rules and trading restrictions. also visa second quarter profits beat forecast as people spent more on their credit cards. the company raising its full year earnings guidance. these also disclose that the justice department is probing its response to new rules limiting so-called swipe fees or what it charges retailers for processing debit card transactions. we saw visa follow fallin

in september of 2010, i gave a speech on afghanistan and pakistan at the army war college in carlyle, pennsylvania. former secretary of war root believed that the army war college was established in 1903 -- quote -- not to promote war but to preserve peace by intelligent and adequate preparation to repel aggression." that's what secretary root said all those years ago. as we look forward to 2014 and a long-term relationship with the people of afghanistan, all of our support for representative political institutions, improving the security environment, and afghan social and economic development are intelligent and adequate preparation to repel aggression. the next year and a half will be very consequential. if the u.s. works to strengthen representative institutions, bolsters the afghan security forces and maintains sustainable development assistance, all will pay dividends for our peace and security for years to come. mr. president, i would yield the floor and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. casey: mr. president? the

. >> jordan carlyle. >> melvyn nicholas white. >> cadet squadron 9. >> nicholas bud barret. kingston. >> andrew parrott >> william. -- and drew. >> william. >> job schwab gregory -- charles schwab gregory -- joshua gregory. >> sean gregory johnson. >> russell isaac long. >> just an anthony. >> kyle larry joe phillips. >> joshua michael rodriguez. >> zachary daniel schuman. >> taylor hargrove. >> daniel day. >> john harper. >> eric wilson. >> michael david. >> combat squadron -- to death squadron -- cadet squadron 10. >> david. >> zachary. >> grant. >> caitlin. >> stormy brewer. >> christopher carl. >> robert daniel. >> benjamin samuel. >> erin rose. >> daniel. >> ashley elizabeth. >> daniel patrick hayes. >> daniel robinson hughes. >> kyle matthew johnson. >> john wall server. >> cabin in true. -- kevin and true. >> tess o'neill. >> eric louise. >> nathan alexander wells. >> calvin john winter. >> lance. >> cadets squadron 11. >> chad. >> lindsay ada barber. >> james lance. >> curt david. >> christina merry. >> allison murray. >> nathaniel. >> stephen gregory. awn.helsea d >

look at the carlyle group. remember when they went public? it didn't break for days. we look at the trading of that stock for the first two, three days, it was a span of 40 or 50 cents around 22. they didn't let that go until a few days later and now trading below. >> egos on the line here. morgan stanley doesn't want to be a laughing stock. nasdaq is going to have to see what people are talking about make goods. we'll have tommy joyce in a second. it's understood that knight securities did get hurt. i got to tell you, 35 is the line in the sand for morgan stanley. >> all right. we'll see if that holds. david and bob on the floor. good morning, guys. >> guess what we've been talking about as well? you were following this so closely. there was an expectation perhaps that they -- i guess to joe kernen's point at 8:50, you can't defend 35 to push it up to 38. >> there's misunderstandings on what this green shoe was from morgue jan stanley. they have a reputational risk involved. i don't know how many millions of shares they had. 60 million shares. something like that. ce

carlyle, pennsylvania. michael, democrats line. good morning. caller: good morning. thank you for taking my call. the reason i'm calling today is i was watching another network, and there's a guy on there that likes to throw the football around. he was saying the price of gas was about $5. now the gas is down to about $3.42. is he going to give obama credit for the price of gas dropping? i doubt it. thank you for my call. host: a story in "the washington post" this morning, oil boom in the americas shifts energy geopolitics -- host: oil and gas production in the western hemisphere is booming, with the united states emerging less dependent on supplies from an unstable middle east. vens, nigeria, and mexico. host: southeast michigan. what are gas prices like there, dave? caller: very good. someone saying on your show that prices were falling for the holidays. that's not true here in southeast michigan, which people here like to drive a lot up north. we have a wonderful, beautiful up north. but the prices here average in the low $3.90's. they were a week ago in the mid

from 1997-2005 was a partner at the carlyle group. he founded and led the industrial group within the u.s. buyout fund so he has broad experience in the private sector and with manufacturing companies and other industries that are the heart of our economy. he served on boards of several charitable and educational institutions. currently a member of the board of directors of d.c. prep, a charter school in washington. the ben times center for finance at princeton, and the nature conservancy. so there is no requirement that the president nominate governors from the other party but we have in keeping with the work of senator alexander and senator johanns and others, this is a bipartisan nomination. mr. powell is a republican, and he served as under secretary for the treasury for finance under president george h.w. bush with responsibility for policy on financial institutions, the treasury, and debt. so we have one member who served in the moings the obama administration, one nominee who served in the bush administration. it's very good we