can i ask you that while you're here to get some, boehnerman and eddie lampert, we have to find out. at do you make of the globe right now? >> i'm waiting to see what eddie's next idea is. >> pass it over to you. where are you? this economy. europe. everything. >> i'm sort of in a place where, i think risk is coming back into the markets. i think people are willing to put their money at risk. they want a return on money rather than a return of their money. you're starting to see this. low interest rates are having an impact. people are tired of not making any money as the markets go up it sort of brings other people back into the markets. pension funds have a lot of money to put to work and a lot of need to earn returns. >> do you think the markets are ahead of themselves >> i don't have a macro view. if you look at the my cross going back to '08 alibi '09 a lot of people were concerned about the debt coming due in 2012 and 2013. we're working through that. there's a lot of refinancing going on. so a lot of companies have been reliquified. i'm not a big regulation fan. when i think ab

. >> eddie lampert says major retailers have to adapt or die. is he taking his own advice at sears? what about the other big box stores? >> indeed. i'm sue herera with tyler mathisen. we're basically tracking this big market selloff minute-by-minute. stay with "power lunch," which begins right now. >>> i'm kayla tausche at the realtime exchange. might be r.i.p. for qe-3. a weak bond auction in spain ramping up europe worries. jobs growth solid here in the u.s. but service sector less than forecast. add it up, the bears are growling at their worst level since march 6th. nasdaq worst day in a year down 1.75%. the s&p 500 losing about 17 points. and the dow down 153. take a pulse of the markets. dollar index rising as hopes for qe-3 sink. gold falling to a 12-week low. and oil down big on a surge in supply. let's take a look at our midday movers. sandisk getting hit hard. already lowered soft q-1 guidance trading down nearly 10%. ibm lower after downgrade from b of a. and citi one of the financials sinking down to 34.97. look at some of the winners. aig higher after an upgrade from ber

eddie lampert says retailers have to adapt or die. so which ones are embracing change? is he practicing what he preaches when it comes to his sears franchise? gold getting hammered as you know today. we go live to the nymex for the closing floor trade coming up next on "power lunch." closing floor trades. "halftime report" continues in just a minute. ttd#: 1-800-345-2550 let's talk about market volatility. ttd#: 1-800-345-2550 in times like these, it can be tough to know which ttd#: 1-800-345-2550 way the wind is blowing. ttd#: 1-800-345-2550 at charles schwab, we're ready with objective insights about ttd#: 1-800-345-2550 the present market and economic conditions. ttd#: 1-800-345-2550 and can help turn those insights into ttd#: 1-800-345-2550 a plan of action that's right for you. ttd#: 1-800-345-2550 so don't let the current situation take you off course. ttd#: 1-800-345-2550 talk to chuck. ttd#: 1-800-345-2550 >>> companies especially in retail are finding themselves in the need of reinvention. jc penney one of them. you've got virtual stores in the u.k., tesco has

but looking forward to hearing from eddie lampert.mber him doing a television interview. >> r.i.m. just sois now down 4. the day. it had been weak all session. but a slight leg to the downside. >> that simple answer from gene munster, no. that was pretty stark. >>> pay attention, president obama, raymond james out with a report saying the u.s. has the potential to become completely energy independent by the end of the decade. we'll talk to the analyst behind that very important call right after the break. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider careful with investment information, before investing.xpe

>> eddie lampert trying to get the -- let's just say he's rationalizing the business. stores that aren't any good, trying to bring the business model up to date. i think that the stock is a don't buy. because a lot of them is just a short squeeze at this point. you need to see real numbers. that's what moves stocks. jerry in florida. jerry?! >> caller: boo-yah, jim, how you doing? >> real good, jerry, how about you? >> caller: i'm wondering about apc. >> if you like oil, you'll like apc. it's that good a company. all that said, i went over the charts this weekend, had them delivered to my house, these charts are nasty for oil and gas, don't bulk up right here. let them come down more. let's go to charlie in florida. charlie! charlie?! >> caller: hello? >> charlie? >> caller: my name is charlie, yes. >> you're up, charlie, what's up? >> caller: i want to know what you think of cerner. >> cerner's much better. let's gone to stanford in oregon. >> caller: how you doing? >> good. >> caller: my question is regarding google. >> i think google is still good. i think they've r

eddie lampert. david bonderman. that's a huge "squawk box." kelly may get up before noon tomorrow just to celebrate that. >> just to watch. >>> back on "street signs" in two minutes. >>> the nation's key financial regulators gathering in washington, d.c. they're voting on the new rule that could impact some of the country's biggest insurance firms, asset managers and hedge funds. it's happening at the meeting of the tragically named fsoc. acronyms aside, mary thompson is there. she joins us from the treasury department with a preview. >> reporter: as you pointed out, the rule being voted on by the f stability oversight committee before known as fsoc today will basically outline how they're to choose the nonbank financial firms that are so big and whose businesses are so interconnected to others in the economy that any disruption in these firms' business could actually cause instability in the u.s. financial system. now, what it means for the firms that are eventually chosen to be called nonbank systemically important financial institutions, or

and it's in some ways i think the lampert aura has worn off of eddie. you know, watching -- i don't know if you talked about the burger king deal this morning. >> i have. >> bill ackman is the new eddie lampert. doing interesting, novel things to bring the private company in to the public markets and take 29% of it. that's creative deal making that i think lampert got his name for and what ackman is doing. for better or worse. maybe it will be down the line. would you axwree, david, or mott? >> yeah. bill's been with us for a long time. a lot of downs and ups there but i agree with you. interesting deal. we talked about the it, as well, this morning, owning 10% of the overall and may buy additional 5% beyond that. would be interesting to see how burger king does. interesting deal from the 3g side on that, too. people have been waiting on lampert for a second act sort to speak or something we're not expecting with sears and hasn't come and doesn't seem to be any genie to out of the bottle here to make things just right suddenly. >> i tell you. maybe with