this comes a few days after comerica released its earnings where it said energy-related loans weighed heavily on the bank's performance. shares of comerica up 3% to 44.02. >>> recent earthquakes in japan have hit home for general motors. that company announcing today that it is temporarily suspending production at four north american plants due to supply chain issues caused by that disaster. the company did note that the shutdown should not have any impact on its full year production. shares of the automaker down more than 1% to 32.18. >>> and now to our market monitor this week. who likes cyber security stocks? in the current climate he says they're immune to the current cycle. peter anderson, chief investment officer at congress wealth management. how much more than the rate of gdp growth do you think these companies can grow their business? >> well, this is a very, very exciting sector. mainly because we are all kind of fatigued about looking at energy, oil prices, interest rate hikes, the political situation. and when you look at cyber security stocks they seem to be immune from a

and plan b for comerica is a more radical restructuring. a structural change.hedding of assets, retreating from a region, a sale of the bank or management change. >> what would you tlik see them do from that cafeteria of options? >> i'd like to see the returns above the cost of capital. they can't show a credible plan to do so. i don't think we get to next year's annual meeting with the status quo. >> okay. hold it right there, mike. we should mention we reached out to comerica for comment. we haven't heard back from them directly. our focus is and has always been on our shareholders and delivering performance to maximize value and meet their expectations. >> if you want the ceo out, i hope the report is bald bye-bye baby. stay with us, mike. obviously -- sorry. breaking up the huge banks is a huge topic of the election. bernie sanders and supporters calling for it. if you agree with them, here is potential good news. you may not have to wait for d.c. to do it. angry investors may do it for you. after the past five years, bank of america stock up 21%. not bad.

today is the day comerica moves from plan a to plan b. they said they have a sense of urgency to restructure. all options are on the table. they would consider strategic alternatives at least seven times during the annual meeting. >> so the number of times they said that convinces you? they have already said that everything is on the table. >> well, you had not only the ceo saying that but the director was also stressing that. they also said once they review what the consultant is completed they will especially look at the potential for strategic alternatives. let me remind you what we have said here. we said comerica either, one, needs better returns. two, they need to restructure. three, they need to sell the region. four, sell the bank. or five, change management. the stock is too low. the stock price as far as 1997. it's time to go to plan b. that message came across loud and clear by comerica management. >> which of the alternatives you laid out do you think the lik y likeliest eventualiveevent ti. >> it's been eight consecutive year

other banks like bank of america, citigroup and comerica are not.are not, they are fair game for some sort of restructuring. bloomberg had an article saying that to be she that saying mitsubishi -- saying mitsubishi is looking at american acquisitions. michigan, california, texas -- whether it is comerica or bank of america were citigroup, if you are not generating adequate returns, go ahead and restructure them. stephanie: perfect segue in terms of m&a. now, i want to bring in our next guest for today's morning meeting. leon is the city institutional group client chairman. welcome this morning. when we look at the volatility in banks, m&a has been a bright spot. m&a out of china in the first quarter of this year. what is your outlook for q2? leon: the stability that we ended the first quarter looks well for q2. there's a significant conversations going on in boardrooms right now on strategic transaction. whether it is q2, q3 or going into the best part of the year, i think we will have a reasonably robust m&a environment. combine that with people f

catching over 200 balls in comerica park. >> good karma, giving it to the kids. cool, nice guy.hat you catch that many. >> you can go your whole life without catching a ball. >> he should buy a lottery ticket. >> five catches more than i had in my career sdwlmpt warriors, looking ahead to wednesday's game, where they can set a new nba standard, while the first place oakland a's hosting the angels and they did not >>> abc sports. >> seattle hosting the angels, young a's fans geared up and ready to go. mike trout, top six, crushes it, first homer of the year. two-run shot, angels put up three in the inning. 4-0, bottom of the ninth. marcus semien. singles to right. kole calhoun, and goes around, just gets his hand on home plate. a's avoid getting shutout, but can't avoid the loss, 4-1 the final. 4-4, tied with texas for the lead. >> 73 is actually a big number in bay area sports. it's the number of home runs that barry bonds hit in 2007, it's the year i graduated from high school. and the warriors can set the record with 73 wins against memphis. they tied the record, i'm more impr

catching over 200 balls in comerica park. >> good karma, giving it to the kids. cool, nice guy.at many. >> you can go your whole life without catching a ball. >> he should buy a lottery ticket. >> five catches more than i had in my career sdwlmpt warriors, looking ahead to wednesday's game, where they can set a new nba standard, while the first place oakland a's hosting the angels ♪ ♪ hush my darling... ♪ don't fear my darling... ♪ the lion sleeps tonight. [snoring.] ♪ hush my darling... [snoring.] ♪ don't fear my darling... ♪ the lion sleeps tonight. [snoring.] take the roar out of snore. yet another innovation only at a sleep number store. from bank of america to buy a new gym bag. before earning 1% cash back everywhere, every time and 2% back at the grocery store. even before he got 3% back on gas. kenny used his bankamericard cash rewards credit card to join the wednesday night league. because he loves to play hoops. not jump through them. that's the excitement of rewarding connections. apply online or at a bank of america near you. >>> abc sports. >> seattle hosting the ang

catching over 200 balls in comerica park. >> good karma, giving it to the kids. cool, nice guy.n go your whole life without catching a ball. >> he should buy a lottery ticket. >> five catches more than i had in my career sdwlmpt warriors, looking ahead to wednesday's game, where they can set a new nba standard, while the first place oakland a's hosting the angels and they did n don't let dust and allergies get and life's beautiful moments. with flonase allergy relief, they wont. when we breathe in allergens, our bodies react by over producing six key inflammatory substances that cause our symptoms. most allergy pills only control one substance. flonase controls six. and six is greater than one. flonase outperforms the #1 non-drowsy allergy pill. so you can seize those moments, wherever you find them. flonase. six is greater than one changes everything. (tiffany) ask yourself what your children or cigarettes. for as long as i can remember, my mother smoked. she died from lung cancer when i was 16. i could not take the chance of continuing smoking and not being here for my daughte

that is what happened today to lifelong detroit tigers fan bill dugan at comerica park.caught four balls during the game and one during b.p., batting practice. he appeared on our sister network, espn. >> i guess after the first ball it was kind of the norm then once the second one came and the third one it was kind of an awe. the crowd was getting into it. then the fourth one it was just like you got to be kidding me. of course when the fifth one came, you can see his reaction, it was unbelievable. >> these are different batters. it's not like one guy was consistently hitting into the same place. to make the story better, the detroit tigers tweeted out these pictures saying dugan gave away each of the foul balls he got to young fans. >> that is sweet. he's a nice guy, too. what are the odds of that? that's incredible. >>> talk about a powerful remote control. nasa engineers fixed a space telescope as it sputtered 75 million miles from earth. scientists at ames research center in mountain view controlled the operation of the kepler spacecraft that went into emergency mode

that bank is comerica bank. we still have their tangible book value growing. with comerica is some of these banks have a strategy -- shine your shoes, go to work, and wait for interest rates to increase. that's not enough. ,s many banks as there are there are also other banks which are generating good returns, returns above the cost of capital, like a jpmorgan, like a wells fargo. the questions i will be asking on the earnings call is, some of your peers are showing good returns. it be -- you said walking in, shining your shoes and waiting for rates to rise isn't enough? how about all the people who aren't walking in? every day we get more and more headlines about people leaving banks. what is left there? the worst revenue growth in the banking industry in 80 years. >> but you like bankamerica. >> revenues stink. >> so what is there to like? >> the only way to make it on the bottom line is become more efficient. yes, head count will be down. necessity is the cause of this. banks have no choice with this tough revenue environment. what is underappreciated here,

comerica made the decision after meeting with advisers to discuss the feasibility of finding a buyern the current market. michael pearson got a big incentive in january 2015 to boost the share price of valeant pharmaceuticals, a potential payday of $2.7 billion. the new ceo takes over on monday. ranget list of things to the listing of the india business. that's according to people with knowledge of the matter. the offering could take place next year. was alsobank reportedly selected to work on the share sell. bloomberg business flash update. linkedin shares shot up more companyafter the reported first-quarter earnings that beat estimates. the company reported a 50% growth of jobseekers. emily chang spoke to lincoln ceo jeff weiner today. guest: it is still early days. i think everyone would like a self navigator and our sales solution business to replicate the success in gross trajectory of recruiter. our talent solutions business is more than of $2 billion. it is a hard out to follow but i think we are off to a strong start. emily: given that linkedin is becoming more of a mature co

the pinstripes' game against the tigers was postponed because comerica park looked like this. rain, raw temperatures, even snow throughout the day. no makeup date has been announced. >>> at 22 years old jordan spieth has helped make the final round of major tournaments must-see tv. today he was at it again looking to be the first since tiger woods to win back to back masters. so all eyes on spieth. while he led by five shots at the turn, trouble awaited on the 12th hole. spieth knocked two balls into the water, finishing with a quadruple bogey seven as he lost the lead. danny willett capitalized. he would take the lead. then he was in the clubhouse when spieth's clubhouse came up short andy was on the phone with his wife who just gave birth to the couple's first child when he found out he had won the masters. in part to spieth's epic collapse. >> obviously happy for danny. more important than golf, he has had a lot of really cool things happen in his life. like he said, maybe fate had it this time for him. i certainly wanted to control fate myself. >> much more ahead in sports

before we get to bob i wanted to get comerica, it's a unique situation.umber of the company's large shareholders majority of the actively managed top ten shareholders are going down to the annual meeting to talk to the board of directors just in the public of the meeting and say, hey, we want you to do better on efficiency. we want you to do better on looking at cost cutting over a shorter amount of time than you've told us. and we want you to firmly at least consider strategic alternatives. their stock has been a strong performer recently, part on thoughts maybe there would be some consolidation and they would be consolidated. >> this government's going to allow anyone to merge in that group? >> comerica is only an $8 million bank. you can have a foreign bank come in and buy it. >> okay. that's true. that's true. you could have a japanese bank to come in, or you could get further bvba. but i saw an upgrade -- >> that was up 33 points. let's get to bob pisani on the floor. good morning, bob. >> modestly positive start. all sectors of the s&p 500 in positi

bill is a legend at comerica park. he has been called a wizard. sticky fingers and lucky.e gave every baseball away to the kids and he says he doesn't need it anymore. he has 200 or 300 of them from over the years. >> you have to give them away. you have to give it to the nearest kid. >> he is the foul ball fairy. >> coy, thanks. >>> there's a battle over delegates brewing enraging donald trump. it could hand the nomination to ted cruz or john kasich. that's next. live 24/7 with 24/7 digestive support. try align, the undisputed #1 ge recommended probiotic. hey, we're opening up and we need some new signage. but can't spend a lot. well, we have low prices and a price match guarantee. scout's honor? low prices. pinky swear? low prices. eskimo kisses? how about a handshake? oh, alright... the lowest price. every time. staples. make more happen. they sato make a sunscreenle... you can apply to wet skin. a wrinkle cream that works in one week. and a shampoo that washes away the residue hair care products can leave behind. but we did it. no wonder dermatologists recommend neutro

we have a big news alert on comerica. the company wrapped up the annual meeting.eo said he's willing to sell the company. the stock is higher by 3%. this is something analysts have been calling for. mike mayo got out of the meeting and joins us on the news line. you call this a turning point for cma. why? >> i would say this is one of the most noteworthy annual meetings i have ever been to. this is a

and quickly here, comerica share s are up given that the company has put everything on the table, andnd shareholders are urging their company to sell as that dispute has gone public. and meantime, we have put a story on the brexit with a big con troe v controversy in the uk, and the president there to talk about that and to wish a queen the happy 90th birthday as we are awaiting words from cameron and obama, and we go to e chief economy at qe 2, and commentator larry kudlow, and a lot of people, larry, say it is not the president's place to tell them how to vote in the uk. >> they are right. they are absolutely right. i was reading president's remarks as julian gave me a copy of the op-ed piece of the ft, and he started out exactly right how the british and the united states had a special relationship down through the many, many years, and including of course, world war ii, and yes, british-speaking countries have a lot in common. begin with the magna carta and that is my favorite steppingstone, but on the other hand, the european union is cut from the different cloth, and it is not a

especially at comerica park. >> he says he has 200, 300 foul balls at the house from being a season ticket holder over the years. >> 200 or 300. >> he should play the lottery. >> he did already. there's a thing about luck. it runs out. >> eventually it does. >> it's true. it's true. >> we'll be right back. >>> coming up, "gma's" spring concert series presented by hilton.com. stop clicking around. book collect at hilton.com. sell my soul stop... clicking around book direct at hilton.com for the lowest price online start playing start relaxing start loving book direct at hilton.com... wish your skin could bounce back like it used to? with hyaluronic acid it plumps skin cells with intense hydration and locks it in. for supple, hydrated skin. hydro boost. from neutrogena eat up, buddy. you'll get it this time. yeah ok not too quick don't let go until i say so. i got you... start strong with the lasting energy of 100% you're doing it! whole grain quaker oats. and off you go. belvita breakfast biscuits provide steady morning energy whether you... play it cool... how's it going? or don't play it

if you look at only oil, you would be worried about comerica, capital one and regions financial. >> areeduction in the earnings in the first quarter of those banks because of the oil issue. but i think, you know, if you look at the core issues that drive bank earnings, loans are growing at a faster rate than normal. margins will be higher despite all this talk about low interest rates. and loan losses elsewhere are going to be relatively low. their operating costs will be flat to down, so there is no reason to get upset about banks. banks are in extremely good condition. even though the market refuses to recognize it. >> that's right. dick, thanks a lot for your analysis. >>> look at the dollar yen trade. that's a big move over the past month. a lot of people have their eyes on this trade. we'll tell you how you can make money off of it next on "power lunch." you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you

we see more of that in the coming weeks especially at original bank comerica.y it works in practice is with the concentrated ownership, those people have a real seat at the table. i have been to a shareholders meeting. there is not a lot of real business transactions. when that happens, it is behind the institutional shareholders. those boards of directors -- no one can disagree. but isn't that where it comes, from the big institutional guys? mike mayo: absolutely, behind closed doors. they say, get your act in order. what i am saying, that has not worked. look at the banks, the large banks have stock prices from two decades ago. david: why hasn't it worked? mike mayo: there is not enough accountability. i would like to see transactions out in the open where boards of directors can be more accountable. we want to put the directors feet in the fire. if you can't get the job done, you need to restructure, sell assets, break up the bank, or replace management. vonnie: how is that different from any other large company? mike mayo: banks are held to a higher standar