. >> tonight's program is a presentation of the guggenheim-lehrman prize in military history. a $50,000 price jointly administered by the hari frank guggenheim foundation and the new york historical society. it is thanks to the leader shouppe of of great trustee, the lincoln and financial history scholar, lehrman, that we have joined with the hari frank guggenheim foundation this year in trying to engage greater public discourse in wartime studies. i want to acknowledge mr. lehrman's vision of the importance of understanding military history for aural educated systems and his work on behalf of our great institutions and it's many intellectual endeavors. thank you so much. [applause] >> i also want to acknowledge the encouragement and support of our extraordinary board chair, pam shaffler, an historian herself. pam has seen and understood vividly how the study of step to war, the conduct of military campaigns and diplomatic responses to war can play an essential part in the quest for a more peaceable future. thank you so much, pam, for all you have done. [applause] >> i also wa

a 50,000 dollar prize jointly administered by the harry frank at guggenheim it guggenheim foundation and the new york historical society. it is thanks to the leadership of our great -- the lincoln and financial history scholar that we have joined with the harry frank it guggenheim foundation this year in trying to engage greater public discourse studies. i want to acknowledge the vision of the importance of understanding military history for all educated citizens. and his work on behalf of our great institution and its many intellectual endeavors. thank you so much. [applause]. i also want to acknowledge the encouragement and support of our extraordinary chair, a historian herself in her various scholarly and philanthropic roles, pm has seen and understood vividly how this daddy of steps to work, the conduct of military campaigns, and diplomatic and diplomatic responses to work and play an essential part in a quest for a more piece of -- peaceable future. think of him for all you have done. clapmac. i also want to recognize trustees in the audience this evening. i want to acknowledge

we don't want to duplicate what the guggenheim is doing. what we do differently?e can show moderate -- modern and contemporary in the context of the historic traditions that modern artists are embracing or rejecting. so that is one very clear thi that our peers are not doing. , weother thing we can do is are an encyclopedic museum. our collections come from all over the world. , of course, other museums are doing this, too, but we have logical connections to modern artists beyond the familiar western canon. that is what is important with the first two shows. one show, look set modern and contemporary art and a broader historical context. "monographic," a show with an indian abstract artist of the 1970's and 1980's, looks at an unfamiliar but significant artist from outside the familiar western canon. charlie: tell us about her. dr. campbell: she is very delicate. it is a wonderful counterpoint to the sound of the glory of other art. it is a quiet, meditative show. she trained in london, and after experimenting with painting and photography, her work became pen and

that is the time in which moma, whitney and the guggenheim are created. met gets back into collecting modern art during the second world war. while the galleries were cleared because of war, we had in a submission of contemporary artists. that got the museum thinking again, and in the years after the second world war, we actually really got back in there. we bought jackson pollock's, paintings in the 60's, a whole program going. famously, we did and exhibition in 1969. we had been building up a collection. it is patchy. there are areas of strength and weakness. the moment has come when it is clear that our audience wants to see modern and contemporary art at the met in the context of historical collections. we are not competing with the whitney or the guggenheim, we are doing something different. charlie: in the context of -- dr. campbell: bigger context. when i was appointed director, it was clear that this was one of the areas that we really wanted to focus on. and i have been taking steps to do exactly that of the last few years. building up the progra

so we're not competing with moma or the whitney or the guggenheim. we're doing something different. >> rose: you're offering in context-- >> this bigger context, yeah. and so when i was appointed director, it was clear that this is one of the areas we-- you know, we really wanted to focus on. and i've bn taking steps to do exactly that over the last few years. building up a program, building up the staff who can develop a meaningful program. now occupying the-- taking over the old whitney building and further down the line, planning to remodel or rebuild the wing in which we show our modern collections. >> rose: here's what calvin tompkins said about you. campbell's slog through galleriegalleries and art fairsd biledges, studied the auction market, talked with ayersts and dealers and curators and concluded that something extraordinary was happening. >> i mean, i think something is happening, don't you? >> rose: yes. there's this amazing-- you know, there's an amazing interest and focus on contemporary art. some of that is being driven by the market b

scott minerd, portfolio manager of several five star rated bond funds at guggenheim partners explains the portfolio stabilizers put in place to stay on course. next on scalo mack wealth track. >>> new york life, along with main raye stay's family of mutual funds offers investment and retirement solutions so you can help your clients keep good going.

there's an artist who is putting a gold fully gold toilet in the guggenheim in a roo can use.> this morning on "world news now," criminal charges stemming from the flint water crisis. the government officials hit with felony counts for their roles in allegedly covering up the paul agpublic health disaster. >> playing politics. donald trump shifting tones the day after his big win and going right after hillary clinton and ted cruz. plus, why he's still railing against the rnc. the latest just ahead. >> and new this half hour, a teaching aide arrested for assaulting a student. we'll show you the incident caught on camera showing is the school employee roughing up a teenager and shouting. hear what school officials are now saying about it. >>> and a surprise celebration at a weight watchers meeting. oprah stops by after losing 30 pounds from the program she now in part owns. hear how you can have your bread and eat it too in "the skinny" on t

let's take a peek outside what's happen whatting -- i think we can see -- guggenheim. >> did you hear they have a beautiful gold toilet just for your pleasure. >> for your pleasure? [laughter] >> sort of -- >> really -- >> have you heard about that? >> saw it in "new york times." this is on guard thing. >> interesting. make today smile with 6 dunkin' donuts for $4.49, powdered with sugar, layered with frosting, filled with jelly, or topped with sprinkles. share some smiles with 6 donuts for $4.49 today. patients across the country have spoken. they recently rated their care experience at over 3,500 hospitals nationwide medicare and medicaid services. t fewer than 6% received 5 stars. r among them was cancer treatment centers of ramerica in philadelphia. t learn more at p cancercenter.com slash eastern. cancer treatment centers of america. care that never quits. appointments available now. put more fun in your day with ice-cream-flavored coffees at dunkin' donuts. go for delicious flavors like butter pecan, cookie dough, or new pistachio. enjoy one today. america runs on dunkin'. >> al

with the remnants and terror, a securities and money and has been a john simon guggenheim fellow professor of civil engineering for infrastructure performance at the university of newcastle in australia and also a professorial fellow and again has written more than 300 technical papers and his current work focuses on the quantification of security risk of aviation security and leads the consortium of five universities and mostly for the commonwealth scientific and industrial research and for that i will turn it over to my colleague. >> but we did get together when with the break even analysis then we will talk about now which basically is the beginning of terrorism in the way to deal with that. it is is simply to say rather how many does a security measure half to present with cost-benefit budget in which we analyze the standard cost benefit analysis with the protection of the infrastructure is 1,000 times higher than it is at present. >> day take about 80 percent of domestic security within the united states but they're virtually all private operatives operating within the united states.

the spiral inside might remind you of the guggenheim in new york. it leads to the museum's basement which holds a secret treasure. behind this door, one of the greatest collections of modern art in the entire world. picasso. renoir. polak. warhol. bacon. chagall. just to name a few. rows and rows hidden away. the pieces were collected in the late '70s by queen sarah pelavi, wife of the shah of iran. when revolution swept the country in 1979, she and the shah escaped -- the great works of art stayed behind. the collection has been kept in the basement since 1979. it's not clear why. believed to be the most valuable in the collection, this polak, estimated to be worth $400 million. the cnbc team was allowed in but only permitted to take photos with our phones. nbc bureau chief and correspondent ollie rusy shot a story here eight years ago. we believe it may be some of the only video that exists. the manager says there are between 1,500 and skaun hundred pieces in the collection. there is no public catalog. the museum displays one at a time. currently

jaffrays highlights the costs on the banks and advantage the regional banks might have and guggenheim suggests the widespread deficiencies shouldn't have an effect on capital payouts determined by the stress test. nearly all banks pass the stress test which happen annually, whether six years after dodd/frank if they're moving the goal post to tighten it even further. it was said the living will process needed to be shortened and more transparent. for "nightly business report," new york. >>> the nation's biggest coal company has filed for chapter 11 bankruptcy protection. peabody energy warned in march that low coal prices had put it on the edge of insolvency. peabody also suffered from exposure to the bankruptcy of former subsidiary patriot coal. the entire industry, of course, is feeling the pressure of low natural gas prices. a slowing chinese economy and increased regulation. coal production this year is expected to fall 25% from 2014. >>> nearly 40,000 verizon workers walked off the job today as nine months of contract talks between the unions and the telecom company failed to pro

the guggenheim equal weight tech e.t.f. is almost a billion dollars.le is a 1% weighting, just like everything else. it's the house of representatives, they're the senate. it's equal weighted. this is down 2.3%. apple only contributed .2% of that. again, you don't get to feel what apple is doing great, by the way, apple is responsible for 40% of that. so even though we're down on apple, like every two years we seem to have this conversation, but then apple goes crazy and you're loving your apple weighting. but r.y.t. is popular for people who want less. scarlett: apple ontario even a part of, it's built on tech momentum. >> when you see a stock like this, you're going look at the smart beta products. this is a case of smart beta working. this is the power shares momentum e.t.f. so basically back in january, apple had like a smaller, it got sold off like a little bit. this momentum e.t.f., it got kicked out, 6% weight, got kicked out in january. the little foreshadow selloff saves this one from this huge selloff. so that is a case where smart beat is wo

. >>> the guggenheim museum must have been flush with cash to buy its newest piece of art. it is an 18-carat solid gold fully functioning toilet and it is about to be installed in a unisex bathroom. the new gold throne is called america, by an italian sculptor who came out of retirement. anyone who pays for a museum admission can use the toilet if you are not shy and don't mind the security guard assigned to make sure it is not vandalized. there would be nothing weird about that. >> oh darn, i would like one of >> you don't have one? >> i mean, i kind of do. i don't right. >> just not gold? i got you. >>> this afternoon is golden in the weather forecast. shine down on us, would you please mr. golden sun? it is a very nice day to be outside. temperatures and humidity accommodating. the temperatures are comfortable, the humidity is low. the uv index is high. make sure you have sunscreen sun block because about an hour is all it takes in this to get yourself a little bit of a sunburn. we are actually seeing temperatures that are very comfortable here. here's a look from our ca

back to you. >> that's a freaky one. >> thank you so much, sharon ep per son. >> up next, guggenheimef investment officer scott minerd will tell us if he thinks the rally is for real and where he's finding opportunities. >> and treasury's new tax inversion deals may have killed the merger but they won't slow down other deals. stay tuned. i am benedict arnold, the infamous traitor. and i know a thing or two about trading. so i trade with e*trade, where true traders trade on a trademarked trade platform that has all the... get off the computer traitor! i won't. (cannon sound) mobility is very important to me. that's why i use e*trade mobile. it's on all my mobile devices, so it suits my mobile lifestyle. and it keeps my investments fully mobile... even when i'm on the move... ahhh. or the freedom to choose what doctor you want to see. so if you have medicare parts a and b, consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these let you choose any doctor who accepts medicare pati

you like guggenheim. power shares, footsie, u.s. 1,000. looking at those two, tell us what the threat is that is common here. that would help our investors. >> bob's point, if you buy s&p 500 and happens to be a beg weight with equal weight, 500 stocks having equal weight with the going again him rsp they are equally participating in performance as opposed to top 10 stocks on owning 18 percent of the allocation. cap weighted indexes. really are old, we're doing a shift with the smart beta movement and more and more coming on. smart beta was grandfather of smart beta 10 years ago with rob and ftse rafi. fundamental investing and value investing come to the etf marketplace. they have done a fantastic job. liz: 970 hedge funds closed shop past couple years. it is very difficult to say, active managers that you pay a lot of money to, do better than index. tom lieden of etf trend.com. looks like closing bell rings. we do not hold the 18,000 level. [closing bell rings] color the market purple not red, in honor of prince. david and melissa. david

sally denton: well, you are supposed to write whatever they gave you, it is like the guggenheim, youre given it for a particular project. if you, you know, at the thrust of your scholarly approach changes, i am sure that would be fine, but i just know i am still at the black mountain institute at unlv right now and looking at the applications for the fellowship right now, and selecting everyone, and there are a lot, a lot of the fellowships are for fiction, so i'm really focused on the nonfiction ones there. brian lamb: what would octal be today without -- bechtel be today without the united states government? sally denton: they were building dams. warren, the debt, had a couple meals and eight steam shovel, and i think -- and a steam shovel, and i think it is one of the ironies to be so antigovernment and your entire fortune you are to the government. brian lamb: how were they antigovernment? sally denton: basically, anti-regulation, let's keep government out of our business, just allow us to do our work. anti--or free-trade candidates. their rhetoric is all about privacy and lettin

and i liked it so much i just lived there and i worked as a guard at the guggenheim museum and was ameless? for real? >> i was for quite a bit. i kind of managed to stay on people's couches. and then i found this incredibly kind guy at nyu whose roommate had just flunked out and he said you can stay here. and he even i think helped me find someone wholesale helse wh flunked out and grabbed their meal card. so i w an nyu dorm though i wasn't a student at nyu. and the payoff to that story is it's someone you that know well. >> jimmy: yeah. >> because he was the first e.p. of this show. a wonderful chap named daniel kelison. >> jimmy: yes. he's our former executive producer and my business partner put you on his -- he saved your life. in a way you owe me. [ laughter ] yes? >> i always knew i did. i just didn't know why. thank you, jimmy. [ applause ] >> jimmy: you're welcome. >> yeah, thanks. daniel kelison, ladies and gentlemen. >> jimmy: and is it true or false that daniel asked you to leave because you were drinking too much? >> no. after three months i actually was surprised he hadn

. >> speaking of notes, wells fargo was downgraded weiss at guggenheim. >> to a neutral. >> look, younever bought wells fargo for the valuation. you bought it because it is the quality play in the group long. jpmorg jpmorgan. that is not going to change. energy is just not a big issue at 2% of the whole book. and not all 2% is going away. i think it is misplaced. i think this is one you want to own if you -- >> good stuff. j john, good having you here. "power lunch" starts now. >>> welcome to "squawk box." he "power lunch." i'm here with melissa and brian. we kick off with big government, big money crackdown. we're talking tax inversions, oil deals perhaps going bust. and even your nest egg. so let's start with the $160 billion deal gone bust. pfizer and allergan calling off the so-called tax inversion merger after the u.s. government put the deal in its cross hairs. let's bring in jared bernstein, senior fellow and james

then at 9:00, the 2016 guggenheim prize in military history is awarded. on after words at 10:00 p.m. eastern, former u.s. civil rights commission chair discusses voter rights, corruption,. and fraud. we finish up our primetime programming at 1 1-with the tour of the folger shakespeare library in two weeks booktv will be live from the library with a program on the 400th 400th anniversary of william shakespeare's death. that all happens tonight on c-span2's booktv. >> welcome, everybody. my name is mort. i'm a retired reporter and i've covered or war on terror in iran and iraq, and i've been coming to this book festival i as an author and moderator and admirerrer and i can't remember a single event more crucial and timely than this one. mohamedou slahi's guantanamo diary is powerfully revealing nonfiction but also a mystery. when his handwritten manuscript was finally published after aa hard fight that terry duncan will tell you about. in some crucial places can even read between the lines. thick bands of blank ink over the text in 600 places. one point ent

coming up up, scott mina, guggenheim partners ceo and we will have a great conversation in the next hour: you are watching "bloomberg ." playmaker is nearing a deal to develop airlines for 50 more. the sale would be the largest for the struggling aircraft program. it would equal about half the total that bombardier already has on the books. customersr low as slugged volkswagens efforts to resolve the cheating scandal. , it ends in months march. it is down one percentage point from when you're ago. that was their worst showing since 2011. an internet company speaking with banks about getting loans as much as $2 billion. they say that they are seeking a five-year facility of 1.5 billion dollars. in this expanding operations and pushing ahead with acquisitions. that is your latest bloomberg business lash. jonathan: to brazil, or the supreme court has overturned the government motion and outputting therecedent rousseff on impeachment procedures to proceed. there was speculation that president rousseff had to step down. more on brazil with blackbirds had the emerging markets asset strateg

then at 9, the 2016 guggenheim lehrman prize in military history is awarded. and on "after words" at 10 p.m. eastern, former u.s. civil rights commission chair mary frances berry discusses voter right, corruption and fraud. we finish up at 11 with a tour of the folger shakespeare library. in two weeks booktv will be live from the library with a program on the 400th anniversary of william shakespeare's death. that all happens tonight on c-span2's booktv. >> on sunday, april 3rd, booktv is live with author and publisher of "forbes" magazine, steve forbes, on "in depth." mr. forbes has authored many books which focus on politics and economics. in his most recent book, "reviving america," he argues for a replacement of the current tack code and a repeal of the affordable care act. other recent titles include "power, ambition, glory," which compares great leaders of the ancient world with modern business leaders and "how capitalism will save us: why free people and free markets are the best answer in today's economy." in 2014 mr. forbes appeared on booktv discussin

security and money please member the american academy of arts and sciences and has been a john simon guggenheim fellow. mark stewart is a professor of civil engineering at the director of the center for performance and reliability at the university of newcastle in australia and also in australian professorial fellow. he again co-authored with john the book terror security money and is written more than 300 technical papers and reports in his career. his current work focuses on the quantification of security risks and the cost-effectiveness of aviation security other counterterrorism measures. he also leads a consortium of five universities in australia for the commonwealth, scientific and industrial research organization's flagship cluster fund project, climate adaptation engineering for extreme events events. without limit turn it over to my colleague john mueller. thank you. >> thanks very much for coming out. it's not totally common for political scientist to co-opt their books with engineers and you might interested in how that happened. when my first book on terrorism came out call overblo

scott minor of guggenheim, and christian omani of oppenheimer.mpeachment in brazil. that is coming up on "bloomberg ." tom: let's talk with ken rogoff about our single best chart. this time is different. this is not in ken rogoff's book. maybe it should be. , to bring upmple the chart here of two decades of work. g7.sed to have real gdp, larry summers talks about secular stagnation. is that what we're looking at in this chart? ken: i think the primary things going on our demographics and the aftermath of the financial crisis. if you use the word secular, i our growth isces fast is as good as -- tom: you have the same optimism as professor gordon? ken: i am much more worried that productivity will be faster than they can handle. francine: as long as we are not in a recession, even if we have slow growth, it is not too bad as long as people have jobs. is that fair, or is it too simplistic? ken: it is important, but it is not enough. we have gotten to the point where rich countries create inequalities and counterproductive policies. tom: ken rog

tracy: joining us is chris krueger of guggenheim securities.sed an analogy that scarlet and i both like a lot. you like and trump 28 corporate raider -- to a corporate raider making a hostile takeover. does that mean there is no chance of stopping him? what thesentially corporate management is -- to adopt a poison pill which is ted cruz. the only way to halt trump at this point is to keep him under 1237, the amount of delegates needed to secure the nomination with ted cruz being the likely vessel for that. lindsey graham, former presidential candidate orened the two to poison death by other means. trumps essentially -- asked did has been essential. he has essentially taken over the party. the nomination is his to lose. you still have tremendous anxiety among the so-called republican establishment about what a trump candidacy would mean for the party and the country. scarlet: let's go with the analogy further. is there an angel investor in this scenario? be.s: there certainly could despite paul ryan last week saying he would not be that person t

giving the past hiccups, the fact they passed this should give comfort that the other banks will -- guggenheim suggesting -- doesn't necessarily on -- it determines capital payout, and we'll get those results in june. bank tracy additional have passed ccar evening when living willis have drawn criticism. the regulatory goalpost appears to be moving. government accountable says it needs to know more will how the fed and the fdic approached the living willis, they don't know exactly what the agencies are looking for. nonetheless, though, guys, if the agencies find these banks continue to fall short of their standard, they could force them to sell assets, impose higher capital restraints on the banks, even issue other regulatory sanctions, so the debate over too big to fail and these companies continues. >> kayla, stay there, wilf, stay there. how do they fail these things? do they not work that closely as the process is unfolding? do they just go away behind closed doors? how do you fail this thing? >> that's the question that everybody asks, because irs a subject tiff test, we don't really see

we got a number of them publicly, whether it's evercore or -- >> guggenheim. >> yes. >> green hill. >at i was thinking of. >> chevron, one of the top dow performers along with amex. let's get to bob pisani. >> energy is dominating. discussions on what's going on in oil is dominating the trading desk. we have some interesting action going on right here in our backyard. energy, you don't see -- you get my attention when a sector is up more than 1.5%. that's an unusual move. i look at statistics, you often see energy, materials, industrials up a half point, three quarter the of a point. when you're up 1.5%, that's well outside the normal trading patterns. materials also strong today and industrials. the big discussions this morning are what's going on in crude. we had a couple moves up on the overnight session in crude, about an hour and a half ago a lot of people speculating on what might be going on. there was a leak reported in the keystone pipeline, that may be a factor here in some of this. you get old-fashioned short covering. the broader tends are important. the dollar has been we

. >> guggenheim. >> added to the company sales in marketing over the past year. better be -- 700 extra heads. >> next stock, raymond james got several positive updates in the driving sensors, mobile eye has settled on a sensor design that includes eight cameras and four radars total integrated cost should be 1,000 and $2,000 with $200 of mobile icon tent. mobile eye is confident it can deliver the solution by 2022. the analysts have an outperform rating and say the market will be so big investors shouldn't be so focused on who goesing to win and lose. that stock, nice day today. >> it went public at 25 and closed at 37 on the first day. it really hasn't done much since the first day pop. >> third call, masonite, baird starting coverage to outperform on this door making. they like the fact that housing continues to improve and analysts says the stock has a good risk reward level at these price points and they have cash flow it can use to boost shareholder returns and they've got a $75 target, 13% upside. this is the favorite stock of our frequent guest rbc capital

sally well, you are supposed to : write whatever they gave you, it is like the guggenheim, you are givent for a particular project. if you, you know, at the thrust of your scholarly approach changes, i am sure that would be fine, but i just know i am still at the black mountain institute at unlv right now and looking at , the applications for the fellowship right now, and selecting everyone, and there are a lot, a lot of the fellowships are for fiction, so i'm really focused on the nonfiction ones there. brian: what would bechtel be today without the united states government? be a little road grading firm. [laughter] they were building dams. warren, the debt, had a couple meals and a steam shovel, and i think it is one of the other ironies to be so antigovernment , and your entire fortune you are to the government. brian: how were they antigovernment? sally: basically, anti-regulation, let's keep government out of our business, just leave us alone to do our work. , or free-trade candidates. aboutrhetoric is all privacy and letting this company do what it thinks is in the best interest of

the spiral inside might remind youst guggenheim in new york.t leads to the museum's basement which holds a secret treasure. behind this door, one of the greatest collections of modern art in the entire world. rows and rows of paintings hidden away. the pieces were collected in the late '70s by the queen. wife of the shah of iran. when the islamic revolution swept the kun friday in 1979, she and the shah escaped. the great works of art stayed behind. the collection has been kept in the basement since 1979. it's not clear why. believed to be the most valuable in the collection, this painting worth $400 million. the cnbc team was allowed in but we were only permitted to take photos with our phones. and nbc bureau chief and correspondent shot a story here eight years ago. we believe it may be some of the only video that exists. the manager tells us there are between 1500 and 1600 pieces in the collection. there is no public catalog. now the museum displays only one at a time, currently it's this painting. however, you can buy postcards of most of t

. >> guggenheim partners. you change your name every week.iesman as well joining us here. >> steve liesman partners. >> steve liesman incorporated. thank you. i want to show you this, scott. since the january meeting, the dow is up 12%. since the march statement, the dow up is 4%. i know you don't agree with everything the fed is doing. i know you don't like everything the fed is doing. but don't fight the fed has been a pretty damn good investment strategy so far. should we stick by it? >> for sure. look, we have a fed put here, right? every time the market starts to go lower in a significant way, the central banks around the world, not just the fed, step up and promises us more liquidity and we should enjoy the party while it lasts. >> the fed put in play means learning to ride a bike. you have the dad or mom running behind the kid. the fed is keeping the stock market on the bike. >> that's right. they don't want to let risk assets fall in price too much. >> what exactly, though, is the put? is the put them staying on the sideline when it c

wells fargo, guggenheim cutting the rating to neutral.ays the downgrade reflects three factors. one, asset growth will not offset interest margin pressure. two, the earnings estimates are below street consensus. three, stock valuation is full relative to other banks, cut the price target range to $51. little bit of where it is now but downgrade. >> this is a problem with all the banks. interest margins because of janet yellen. fed minutes watching financials closely. we did have one off the initial fed meeting. up next, cisco, j pchlt morpmor neutral to underweight. they're modeling conservative switching revenue offset by better routing and security growth and slowing u.s. growth offset by better china and india growth. you're getting paid to hold it. >> i think that's one of the biggest highest div didends out there. owens illinois. ticker oi. citigroup upgrading to buy from neutral. the analyst says the stock is poised to outperform because shares are down 35% over the past 12 months, cut guidance three consecutive quarters. citi sees

it is being faulted for the lack of -- david: i see guggenheim as saying don't go too fast.ot of news to cover now. retail sales numbers coming out in just under 30 minutes. the fed as we will all be watching those numbers closely. jon has a check on the markets. jon: we have been news on living wills. still trading much higher. .pmorgan up by 6.25% citigroup up 2%. the jpmorganrom earnings quite clear, and upside surprise even with profit down 7%.route -- down around wti three-day gain of 13% to the upside. $41.60. what does it all mean? david: more turmoil for the brussels airport. this time, a walkout by belgian air traffic controllers. disruptingike is flights to the hope that began disputes of extending the working age to 58. italy and malta may need eu support to cope -- half a million people have been uprooted, enabling islamic state to establish a presence along the mediterranean sea. to $50rker is giving million to start a research -- $250 million to start a research institute systemto help the immune beat cancer. . global news 24 hours a day, powered by our 2400 jo

the radar name, ariftia networks, not the record label, santa clara router and switching company, guggenheimtarget. a new product cometing o incomi give them -- until now, the analyst notes that market was cisco and juniper. the analyst thinks, by the way, smaller companies are making inroads into that market. target price implies 50% upside. >> rough chart there. that does it for street talk for monday. michelle, to you. >> big update on the spread of the zika virus. the deputy director of the cdc says the type of mosquito that carries the virus is in more u.s. states than initially thought. going on to say, what they're learning about the virus is, quote, scarier than we initially thought. the cdc underlining its warning to women today about traveling to brazil for the olympics. the deputy director of the cdc saying if athletes know they're pregnant, they should defer travel to brazil for the summer's olympics. >> in terms of the athletes, you know, we know the olympics is just a wonderful event and athletes have been training for their whole lives to go there. we want to make sure people

of art by modern contemporary iranian artists and then go down the spiral reminiscent of the go guggenheim get to locked door and behind that is one of the greatest collections of art all in one place. unbelievable. picasso, eight by warhol and other awesome people. and line filled with beautiful pieces of art. worth at minimum billions. one piece a pollack is estimated to be worth $400 million. why are they sitting in this basement? they were collected in the '70s by the monarch at the time. and then the revolution happened in 1979. very violent. they had to escape the country. all of those paintings were left behind and that is where they sat for decades now. there is no known clog catalog of them at this point. they do display one at a time upstairs. but again, there is a lot of talk about why all of these piece of art aren't on display or what would they do with them or if they needed the money over the years why weren't they sold on the international market? there is talk they might go too a museum in germany next year. we wait to see the ongoing. one of these pieces is actually kind