>> thanks, kayla.about what ebay has done accounting-wise. they really have taken a noncash charge that gives them flexibility to repatriate overseas cash if they choose to do that. but taking a look at the business in general, john donohoe struck an optimistic tone about the rest of the business, though the u.s. business performed as expected, but international did a bit better. listen to what he had to say. >> international growth is strong. domestic growth is about where we thought it would be. we think we have good opportunities in the second half of the year, and we're investing in the second quarter to capitalize on those opportunities. so we feel good about the year and the macroeconomic factors didn't weigh one way heavily or another. >> now, to take off on this question about potential repatriation, it's important to understand ebay already has some debt. they already have a buyback program going. a couple months ago, donohoe said they're open to doing more debt, but only if it doesn't affect

thanks a lot, kayla. we're getting showers in the north bay, 49 degrees in san francisco, 48 in the east bay t south bay at 45. the good news is we thank kayla. now nobody can pull one over on you. believe me, somebody's going to try. i'm going to try to get mike inouye. i'll tell you that right now. we're looking pretty good as far as the showers go. we've got another round of rain on the way, we're tapping into the atmospheric river, two competing air masses. as a result we get fireworks in the sky. you see this cell, when we talk about looking for thunderstorms, typically pretty small. this guy here with the yellow and a little orange in the middle, that's a pop-up thunderstorm. we head throughout the morning hours, so far a couple lightning strikes but we're expecting more as we head throughout the day today so. the last one i saw was to the south of santa cruz. that was about an hour ago. we'll keep you updated. real time doppler radar gives us an idea of where that lightning is occurring. technology

>> good to see you, simon and kayla.revious years before the financial crisis. it's something that don lagarde acknowledged, but there's this collective frustration of why world growth is 3.6%, almost six years since the financial crisis, and whose fault it is and who needs to take the next policy to stimulate growth. some talk the europeans need to act sooner to address the low inflation problem. you heard jack lew, the treasury secretary of the united states, talking about surplus countries like germany needing to stimulate their economy. the chinese letting the exchange rate flow freely. i asked christine lagarde, are there arguments between the policymakers. here's what she told me. >> my hope is that the imf can play a role in taking them one step further. pointing fingers only takes you so far. identifying how one can help each other while at the same time helping its own economy, that's what matters. and that's the 2% journey that the australians have identified. we are helping in that regard. >> the australians t

there's just no growth, and huge legal bills. >> exactly. >> kayla, i felt sorry for mr.there was a very high-profile people move this quarter. tim sloan would be moving to -- that's largely viewed as a role that will prime him to potential take the -- when you have a move like that, anything can happen. i will say to kneale's point, i wrote a story last week, and there's a story in american banker about some of these businesses that the bank has decided not to financial because of the representational issues. there was a start-up that condos had sold, a payment from one of the russian embassies, and citing regulation, and then ended up backtracking, saying we were being overcautious, they are so risk-averse that they are turning down what -- >> probably understandably so. >> i wanted to jump in and get kneale to elaborate on his earlier point, that banking didn't seem as fun as it used to be. broaden that out from jpmorgan to the whole sector at large. my impression is that banks just isn't going to have the growth across the table that it did. there are higher capital r

michelle is in d.c., kayla at the nyse. kayla. >> ty, the financial star reporting quarterly numbers tomorrow. first up jpmorgan. we'll get you ahead of the game next. >>> and the big news out of europe today. the new greek bond is on the market. it priced just a few minutes ago. the impact will be felt in financial markets all over the world. more "power lunch" in two minutes. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> welcome back to "power lunch." despite the selloff, we're near session lows. there are winners out there. check out shares of hewlett-packard rising after deutsche bank had a buy rating and a $40 price target. up about 3%. also at&t. investors look to the telecom sector. then ibm gaining ground on news it's acquiring silver pop for an undisclosed amount. mcdonald's

kayla takes a look. >> four years after the banking reform bill was passed in washington, much about the way large financial institutions are run has changed. new capitol standards mean bnks have more cash on hand and are largely insulated for major downturns in the market. in response, risky investments like the mortgage that brought the u.s. financial system to its knees. >> i think the financial system is safer and sounder today than it was in '08. >> reporter: many policy makers say wall street hasn't changed enough. >> it's these very large institutions that are highly inner connected. that's the key problem. >> reporter: the federal reserve may have thorn that out. citi group, the third largest bank failed on a straightforward mark auditing. bernie frank of the dod frank reform bill said that might not be bad. >> they have toughened themselves up and even though city, while they didn't get what they want in terms of dividends, is in better shape. >> reporter: new technologies mean new hurdles for regulators, invasions in online banking and payments bring new threats. cyber secu

kayla tausche joins us more with more on that surprising report from citi. kay larks last week we were talking to you about this one and everyone was bracing for a lousy report. what happened? >> not much to write home about. two points where science citi s. credit is getting better so citi has been able to release more money. >>> let's talk about the international sweep of citi. the u.s. bank with the biggest international footprint. do these results say anything about the overall health of the global economy. >> we saw a lot of growth on the asian consumer side and latin america consumer side. that was the runaway growth on the consumer sector. we didn't see a lot of corporate activity. with rates staying loin the first quarter and stock market going up there would be a lot more m and a activity, a lot more refinancing that continued but we don't see that happening and there also wasn't a whole lot of trading. one surprise, actually may not surprise you, but citi holdings, it is the majority of that is the u.s. housing market. it's subprime mortgages, old

for "nightly business report" i'm kayla tausche in new york. >>> coming up a new breast cancer drug from pfizer shows early promise. could it be a breakthrough for the disease? and the company. >>> general motors dealerships are expected to start fixing those faulty ignition switches sometime this week on chevy, cobalt and other models that have been linked to at least 13 crash-related deaths. more than 2.3 million car owners are expected to bring their vehicles in to have the switch replaced over the next six month s. the repair should take about half an hour per car. >>> a pair of recalls from ford motor in the bigger of the two, almost 400,000 ford escape suvs from the years 2001 through 2004 are being called back to fix frame parts that could rust and impact the steering. now in a second unrelated recall, nearly 50,000 cars from the year 2013 and 2014 are being brought back to fix seats that weren't properly welded. >>> hate to fly? you're not alone but passengers actually complained less last year that's according to the national airline quality ratings that came out today. phil leb

. >> kayla, i want to talk about that a bit.pointed out, only 35% said both wars were worth fighting. 90%, though, felt they performed actions that made them feel proud. i know you served in iraq and i wanted to get your take on that sort of dynamic. >> that's absolutely true for me. i didn't support the war when we went, but you swear an oath to protect and defend the constitution, not to a particular political party or a particular president. so i took part of the invasion and was proud of what we were able to accomplish in our little part of iraq. i felt that i was able to make a positive difference in the lives of the iraqi civilians that i encountered, as well as the lives of my fellow soldiers. so even though i was conflicted about our overall national decision to go to war, i was proud of my accomplishments and what my unit was able to do. >> you know, kayla, as a follow up to that, i was looking at the images and i have someone i care about dearly serving, as i looked at the pictures of people lining up for hours waiting

kayla tausche has been on that call with including, of course, mr. dimon. kayla? >> hey, david.fensiveness from jpmorgan executives this morning on what is a really recognizable miss for a company that has been posting record earnings until what was third quarter of last year. one of the main questions is about the credit quality because the divergence of jpmorgan's credit quality and wells fargo is something the market is talking about this morning. we know for the last several quarters jpmorgan has had this huge stash of loan loss reserves and been releasing that in pretty large fashion so to see this quarter only $450 million of reserves when that was normally something that would get their epps above the expectations that was concerning. we saw wells fargo relieve releases tick up recognizebly. that helped wells there. also questions about michael lewis' book "flash boys" getting a lot of headlines. that book has just come out very recently during these banks' quiet period. they're expected to be answering for themselves on whether they do believe the market is rigged. now j

what do you think is the most important, kayla?he spread not too bad, actually, when you think about it. seven-point spread, but makes zuckerberg look brilliant, snapping that up before facebook went public. they had data on phones and watches, iphone gaining share apparently from fall to spring, around the survey around 7.5,000 -- or 7,500 teens. 17% of teens eager to get an iwatch up from 12% six months ago. so apple, some good news here, even though samsung's marketing suggests apple's for old people, teens still like it. >> i did a straw poll, much caller, two teenage cousins, and they said we like instagram because we don't have to listen to people's political views, we don't have to see what our parents are posting, and hang out with our friends and post pictures. fairly easy. >> i hear it's positive. clearly not as much snark as there are on some -- >> it's hard to take a snarky picture. >> right. >> yeah, absolutely. >> maybe that means it's just a platform that will always be popular with teenagers, and maybe as their tast

cnbc's kayla tausche joins me to explain.p my card in one of those weird atms. but tell me why i should go ahead and do that. >> reporter: well, chuck, they're hardly state-of-the-art, as you and i know from using them. and they are susceptible to criminal activity. you can put a swiper on the back of it and your cards are still at risk. the interesting thing is that behind all these atm facades, we forget these machines are ultimately run by computers. and starting tomorrow, microsoft is actually phasing out the software that many of the country's 200,000 atms have been using the last 12 years. it's called windows atms have b using for years win e dose xp which is used ont 95% of the atms, and the banks with the deep pockets are buying extensions to keep the security update, and they have to spend thousands of dollars per a tsat keep the upgrades, but chase and wells fargo, and others have said that, they want to protect the customers and make sure that the security is there, but for the regional banks and the smaller banks,

kayla?ch, david einhorn says there's consensus of a second tech bubble. looking at the first in 2000 and a valuation compared to what's happening today. dom chu has more. >> hey, kayla. it doesn't look that similar. here's the reason why. so tech bubble, no tech bubble, we went back and checked out what those valuations were. so if you look at this, first of all, we have the s&p 500 going all the way back to the peaks of the internet. you can see there, we're above those levels right now. so on a straight price basis, yes, we may look bubble itish, look at the valuation perspective. we went back to the peaks of the internet bubble and said, hey, valuation-wise, it's also different. it was trading near 30 times earnings back then, the s&p 500. it's trading about 16, 17 times now. not nearly bubbilicious type territory. what about the tech companies back then that were trading at the bubbilicious-type valuations? look at what we have here. microsoft, oracle and cisco. back in 2000, microsoft,

what say you, kayla? in 25 years spending money will be about so much more than just choosing cash or credit. it will be all about options. how to pay, where to pay, and what to pay with. in 25 years, money will burn a hole in your hard drive because you'll never leave home with a wallet. that's already drew in emerging markets where banking infrastructure is limited and in developed markets, any internet connected device will be able to pay the bills says visa's vp of digital solutions. >> your refrigerator may very well make orders for you when you're running low on certain products. i think that's just an example of the ways that all the things in our lives that are electronic are becoming connected and as they do, they become places where we can transact. >> reporter: the definition of currency will expand. says futurist heather including options like frequent flyer miles and facebook credits to tip restaurants or pay the baby-sitter. bills will be used in times of emergency like when power goes out a

. >> kayla town had a front row seat. i guess a tense atmosphere, yes? >> it was, bill, but actually wasn't as tense as expected for a few key reasons. number one, the meeting took place about a thousand miles away from citigroup's headquarters, and far away from where most of its investors are clustered. it took place in a hotel that citigroup actually owns. number three, there are actually more citi employees in the room bussed in from local offices rather than shareholders. there are a couple of hours of very tense managing for citi management. the lines of questioning were why did they fail the feds' stress test? when will the massive restructuring pay off? and why haven't they met certain key benchmarks that they put in place over a year ago? you can imagine the chairman mike o'neill and ceo mike corbat answered as best they could. they said they're trying to slim down to become a safer bank so they're not too big to fail. they are actively trying to hunker down their risk management to resubmit in 2015 for the fed. they hope to meet those sharehold

phil laboy jones -- >> reporter: thank you, kayla.e new york auto show, and we're joined by a special guest. forrest mcconnell, chairman of the national auto dealers association. >> thank you for having me. >> you guys are at this conference when there's a lot of transition in the auto industry. let me start first off with a lot of questions swirling around whether or not dealership groups and dealership associations should be fighting tess la in terms of opening up stores in different states. what's your position there? >> ultimately, it's the state's call on what to do as far as with their individual states. you know, the legislature, the dmvs, what they know best for their state, and a lot of them they take into consideration, but the good news is, there have been obviously -- several of the issues have been settled as far as with new jersey, but i know ohio and new york have been settled out. i think you'll see that in the coming months. >> today is the last day tesla can sell vehicles directly here in the state of new jersey or j

on record. >> kayla, thank you for that. dan nathan?. >> start. >> let's weave a little web here. $19 billion and apple issuing tons of debt to buy back their stock. it seems -- >> listen, that's the first thing i thought. second of all, if they're taking this long to read the document and they're first day on the job? you know what you have. you knew it six months ago. i don't think this is good. >> i still think yahoo is trading as if these guys are probably right. it shouldn't be trading anyway. yahoo should be north of 40 bucks and it's not. >> i don't think we can glean from this what i think is relatively modest delay anything beyond this is a complicated -- >> they're not anything. >> right. this is complicated. a lot of times -- >> they're the ones who suggested that -- on yahoo's earnings that the s 1 is going to be out. >> what difference does that make? >> you're a value gal, right? >> right. >> soft bank. >> but yahoo is trading at cash if this thing comes at $200 billion and they tax effectively take out 20% of their holdin

kayla tausche is there. it's all drug sector today, kayla. all the other companies. >> well, i don't necessarily regret it, joe. there are interesting things in the financials even though they have become more of a utility space. we talk about it all the time. this is one of the core beats within the u.s. economy. citigroup of course one of the core companies. in an hour and a half they will be meeting shareholders since the first scandals erupted in the first quarter. four shareholders today in st. louis. of course they are going to have to approve citigroup's board of directors. a lot of those up for reelection. they are going to have to make a nonbinding vote on michael car bet's compensation last year. that could be the sticking point today. it's of course been a troubling first quarter and troubling second quarter so far. in march they had a high profile stress test. it is also down much more than its piers. financials have not been performing as well as the growth sectors if we look at year to date so far. it's been a tough year for mic

kayla tausche? >>> on some regulation that was originally published last july, but now the fed, fdic and occ are publishing what is thought to be a final rule. this is here's the change after they regulators got roughly 30 comments. they basically are include repost securities into this leverage exposure for the eight biggest banks. that's going to increase the amount of so-called leveraged assets that the banks will have to safeguard the final rule, which would be roughly coordinated with the other global rules for global banks under what's called basel-3 regulation. this is what the banks sector has waiting for. mandy and brian, back to you. >> thank you very much. >> let's get back to the markets, today for the first time in four, tech hasn't been working to well, has it seema, what's driving trades today? >> mandy, the momentum names are staging a comeback, but still down double digits. during the same time, semiconductor stocks have been on the move. intel, taiwan semiconnector and advanced mic

kayla tausche is joining us from cnbc's headquarter q. what's going on with his pay packet?rk zuckerberg wasn't taking home as much money. he took a decent pay cut last year. his total compensation fell 67% to about 653,000. he took a bail salary of $11. he didn't walk away completely empty handed last year. he reached more than $3 billion from exercising stock options. zuckerberg is not the only one who saw a smaller paycheck. cheryl sandberg's pay fell 38% due to lower stock awards. she is still the highest pait paid executive at facebook. s.e.c. filings show sandburg has more than half her holdings since facebook's ipo in 2012. she says ipo shares under $4 billion. executives often choose to spread out their investments over time. now, even after those sales, sandburg still owes abo owns ab0 million restricted shares of facebook. that's roughly $1 billion. right now, facebook shares just below $44 in frankfurt trading down just slightly today, ross. overall, facebook up big in 2013. executives just taking a little bit of a smaller piece of the pie. >> yeah. now, kayla, ta

kris and kayla biagiotti scrambled across the finish line. two of the very last runners to make it that day. but it also was a first. the first mother/daughter team ever to run the boston marathon. >> i remember looking down and she still had her arms up and she's still smiling. i'm saying, she's okay. in her mind, she's thinking that this commotion that's going on is fireworks or, you know, some sort of celebration because she just finished the marathon. i have never seen her that happy as she was that day. >> kayla biagiotti's body can't properly convert nutrients into energy. as a result, the 19-year-old's physical and mental development is stunted. >> yeah, we're going to go for a run. >> reporter: in may 2013, one month after the attacks, they ran a 5k race in ashland, massachusetts. there, they were finally awarded their boston marathon medals. >> it was definitely very emotional. it helped us heal a little bit. because you're trying to balance what happened on the negative side with, you know, being happy for what we have accomplished.

kayla, thanks for that. now, slightly different, it's estimated that enough golf balls are produced each year to circle the earth. sports manufacturer nike is now looking to keep the edge over rivals with a new ball that claims to add length to your shot while reducing the risk of a hook or a slice. can it be? >> they call this the oven because it's where nikkei golf engineers cook up new golf ball innovations. the goal here? one new golf ball prototype per day. this the stand alone r&b facility is located down from nike's headquarters. these are made in oregon resin golf balls. they're going to eventually end up on store shelves. right now they're going through their final coating. if the thickness of that is off by a fraction of the thickness of your head, you can see the trajectory of that golf ball change by yards. the key so this is the core. resin is lighter than the traditional rubber. they're getting this product from chemicalmaker dupont. it's supposed to deliver more energy with impact. that's obvi

kayla tausche, thank you very much. before we get to mike mayo, we'll switch out the positions, in tv terms, this is called stalling, but this is called citigroup. the average price target 58 bucks, it's at 48. stephen, do you agree? >> it's in my playbook, and stephanie's, as well. that's all you need to know. no, look. it's still a very cheap stock. i think corebat is the right guy. very smart, very focused. however, i do agree with mayo that cfo's had missteps and maybe they have to move on. >> but the quarter was decent, right? they did better on trading and fixed income relative to the peers. i thought the expense -- efficiency ratio at 50%, they were able to manage costs down, which is good. there's still a long way to go. there's a lot they can do to cut costs and really rationalize going forward. then, you have the emerging markets business, which most people don't like right now. i like that very much. that contrarian call. and i think they will be able to deliver on international results. >> buzzer, please, se

let's turn to kayla tausche. good morning. >> scott, good thursday morning. futures higher after stocks rose for a fourth day on wednesday, it's the longest rally for the markets in nearly two months. investors reacting to a report showing 191,000 private sector jobs were added last month, that of course ahead of friday's employment data from the labor department. we get numbers on new filing for unemployment t trade deficit and the nation's services sector. the dow rising to 16573, just shy of a record high. the nasdaq added 8 to close at 4276. you might think twis before complaining to your airline again. the u.s. surpreme court is giving airlines more legal protection over how they operate their frequent flyer benefits. the court ruled against a case. he says he was kicked out for complaining too much about travel problems and seeking compensation for overbooked flights. move over siri. make room. microsoft unveiled a digital assistant for windows phoned named after a character in the x box game halo. it will be in updates this summer. it will have access

let's turn to kayla touchy. good morning. >> good morning, scott. microsoft expected to unveil that update after it released windows 8.1 in october. but this is in response to a slew of complaints. it will happen at the conference in san francisco. the new features may include search power and setting buttons. you don't have to figure out how to pull the functions up from the right side and include easier ways to close politics. >>> futures are higher after stocks posted their first three-day winning streak in more than a month. s&p 500 index, thought to be the broadest measure of market's performance, hit a new record high. investors reacting to a positive report on the nation's manufacturing sector. look for date to an job growth and factory orders. the dow rising 74 points. the nasdaq closing up 69 to 4268. >>> amazon holding an event in new york today, speculation, a possible new device for streaming video. in the meantime, amazon has rolled out a service to let customers return items through the same lockers it's installed for deliveries in con

cay wi kayla joins us. >> banks are turning back to a familiar source of revenue.at being overdraft fees. the average fee hit a record $30 last year up from $26 in 2009. banks have been trying to offset declining revenue from fees on checking, savings, and other accounts. >>> microsoft is expected to unveil new updates to windows eight in response to customer complaints. it may include start, search, buttons. a few tweaks can go a long way with customers. >> they can. thank you very much. >>> to stories. both democrat or republicans have come out against the notion that the united states consider release i releasing spy. poll lard's action was a major detrail. she will not support his release. mike rogers voiced his concerns on andrea mitchell reports. >> i think this is a serious mistake. it tells me that the administration is at wits' end here. releasing a convicted spy who spied against the united states of america is nothing to do with the palestinian issue. when you merge them, you've got real trouble. >>> charles kitty the infamous banker in the '80s died at

now we have to get a new plan, kayla. we'll see. anyway, thank you.ow. coming up, jim cramer joins us to break down the news. to tell you what it needs for the trading day. "squawk box" will be right back. >> cnbc is joining force toss bring the future of finance to the financial capital of the world. learn how artificial spwels and biomedicine will transform the entire investment equation. >> emerging threats and opportunities going to affect banking, traders, money managers and investors. >> register online now. ♪ [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people tal

very excited about the experience. >> kayla mentioned operating costs. we've been watching crude.are you worried -- i mean, is that starting to give you a little pain in your stomach what the summer may bring? >> well, i mean, it's close to 40% of our cost structure, carl, when you get inside our airline with the cost of oil. and so, it's always a concern. and we've kept in place the same hedging strategy program that we have to basically just thin out the volatility. but i think where people may not realize is the fact that we have the youngest fleet of any major carrier operating in the united states. and when i think about young fleets, aircraft coming across with -- they're called sharklets at the end of the wing, that improves fuel efficiency, i feel well positioned, whether oil stays here, moves north, and certainly if it moves south, as well. hey, listen, at the end of the day, it's always a concern. >> and as for all of the aviation geeks out there, you mentioned the winglets, what's the best number you canput on in terms of efficiency improvement because of those? >> well

kayla?n the tech sector, while it may have taken a hit recently, chipmaker intel beat the street on earnings, and with announcements coming down for many companies, what does intel exactly have up its sleeve? jon fortt back in silicon valley ahead with more on what we expect to hear from intel's ceo. jon? >> well, it's an interesting time for intel, kayla, thanks. you take a look at last night's report. revenues were pretty much inline. they did well on margins and where they project those will go, partly because 14 nanometer, the manufacturing process they're bringing up to speed now, they've already dealt with a lot of the costs of that. so they're getting margin improvement from that going forward. the enterprise pc market is holding up well, but brian and stacy smith, the cfo, said consumers are generally looking weak across the board, across the globe. and they're making a lot of investments in mobile. they've stated this goal of wanting 40 million tablets being 40 million tablets by th

. >>> down to business with cnbc's kayla tashi. good morning. >> good morning, richard.sales of diet soda are falling flat. new data showed the nearly decade long drop in soft drink sales picked up last year as more americans turn their back on diet drinks and artificial sweeteners. diet soda accounts for a third of annual sales. >>> backup cameras used to be a feature you would find in luxury cars, now the u.s. government will require all new vehicles to have these backup cameras installed by 2018. the move falls an outcry by families and consumer groups. >>> in time for april fool's day, a story about a high profile practical joker. that would be apple co-founder deceive wozniak who admits he occasionally makes prank phone calls to fans. he says he poses as one of apple's customers service reps and he's fairly helpful. for now, back to you. >> the helpful apple billionaire making calls, that's always interesting. >>> just ahead, baseball is back. and the women's final four taking shape. sports is next. how much whiter can your smile be? introducing new colgate® optic w

it was kayla's first time competing in the forty two km race the thirty one year old crossed the finish line after two hours five minutes in four seconds beating the paris race record set by name is stanley plywood two years ago the us space agency nasa has really spectacular pictures of the solar flare the images were captured last wednesday by the cultivation satellite solar flares are bursts of energy from the sun's surface nasa said this blair was only moderate intensity more powerful activity can interfere with gps and other communication signals. your other. wilkes hop soul journal to stay with you went to study in germany and you still have lots of questions. you'll find all you need to know about studying in germany here information on courses admission requirements qualifications costs and much more. w don't eat study in germany. the first port of call for anyone interested in studying in germany. i mean i know the eye the man you'll need to top the agenda at the start of the week. the united nations warned of severe any reversible consequences for planet unless action is taken

>> well, kayla, of course they would say that and, of course, they would think that. i guess i would do the same thing, except how many companies have we seen that use the same buyback ploy and announce a buyback of shares. how many times have we seen that and then we look back a long time later and see that they really didn't do that that was a peak of a market and by the way, just because you say you're going to buy back shares, doesn't mean you'll buy back shares. >> sound like what you're saying it's a good business until it's declared illegal basically. what do you make of when we're switching to bill ackman for a little bit heer and i wonder to what extent he could become a victim of his own success. got the news out that he's paying a former herbalife employee or could be potentially millions of dollars over a ten-year period which raises some questions about whether he's sort of spending too much and influencing government and people too much on his crusade on the short side. >> well, i think, you know, his tactics are bill's tactics. not something certainly a

senior guard kayla mcbride, will play without their other star, natalie achonwa. is out with a knee injury. so it all comes down to this, unbeaten uconn and notre dame battle head to head in nashville to determine who will be etched in history as national champions. it all starts 7:30 with the pregame show, and then at 8:30 the game that decides it all tips off at bridgestone arena. the national championship in the ncaa women's college basketball tournament presented by capital one tuesday starting at 7:30 p.m. on espn. also live on the watch espn app. >>> the men's championship game is tonight, and you can be sure we'll be all over it on "sportscenter." check us out live at 9:00 a.m. eastern time. and after the game, we'll have highlights, analysis and reaction. have a great day, everybody. >>> all right, thank you. >>> a woman with hands of steel is celebrating a fist-pounding victory making this our "play of the day." >> she set an odd but impressive new record smashing 1,000 clay roof tiles with her bare hands in just 84 seconds. the 40-year-old is a tae kwon

it's been non combustible digi designs by going on since then and she was sticking to kayla's by the foreign office on monday team in two thousand by. i mean such is not just the two attacks in the conduct of the foliage to stay behind as a us backed chance but there was no blood of finance has what it was on duty at seven in the morning. what this stuart from friday morning on the side fall outside the bpi heights believe that serves as a polling station election commission chairman mohamed yusuf noticed tiny and can ease up on so cocky about it. thomas diamond mountain road of the dough from the police and citizens alike and one change in the country's political system windows mobile but that is eleventh in the hope of avoiding trouble. some optimism that booger. from sunset. come on this sensitivity. must not have prophesied. but on sunday each candidates are contesting the election. if it's on full forty minutes test of the dock and sen stewart and former finance minister. i shook me. i'm going out cause it is back in and calmly polling station in him. we are on the lawn the even

>> yeah, kayla, phil shiller, one of apple's top guns is expected to testify today.at stake for apple and samsung. in this case, apple is alleging that samsung violated five key soft wear patents including ones that every iphone user knows well. that slide to unlock feature and the auto correct feature. the patents relate to apple's iphone 5 and samsung's gal lax xi 1rks3. grit ticks have charged that apple's demands ares excessive but sources at apple tell me, listen, this is some of the most innovative technologies. apple devoted a lot of time, hard work, and money to develop that slide to unlock feature. and they're not about to get ripped off by rivals. samsung is counter that it licensed a lot of this technology from google's android operating system if that's true then apple's complaint should be with google. in fact, google's andy ruben, the man who built google's android software, is on the witness list here. apple and samsung have been battling for years. two years ago in this very courtroom a jury ordered samsung to pay apple $930 million in damages. openin

kayla tousche joins us from cnbc hq in the states. hi, kayla. >> hi, ross.t's been a big year for the ipo market and it's only april. the first two months of 2014 were the busiest since 2000 during the height of the dotcom boom. companies went public in that quarter raising $10.64 billion. health care companies made up nearly half of the ipos in the quarter. from those two sectors are set to price today after the closing bell. grub hub is the most familiar name. it's the online delivery service and it's looking to sell 7 million shares. on tuesday, it's raised the expected price range to $25 a share. at the top en, the deal would raise $176 million. that would value grub hub at just under $2 million. grubhub does the majority of its business in new york, fran and chicago. it has 3.4 million active users as of the end of last year and it processed an average of 135,000 orders a day. grubhub generated $137 million in revenue in 2013, but it started to face more competition. the likes of yelp partner 24 and delivery.com. grubhub will trade under the ticker grub

rick, over to you. >> thanks, kayla.'s moving the markets, and the number-one answer, especially on a friday, is what's going on in ukraine. but i have to tell you, you know, it's a lot like the life insurance issue. you know, we all have life insurance. we fully don't expect -- or hopeful hopefully, don't want to die anytime soon, and we don't ask the insurance company back for the money, and i think many traders look at weekends as periods of uncertainty where they can't tweak their positions so the things get exaggerated a bit. i call to the objective observer to look at the following three charts. first chart's year-to-date of 10s. remember, this is year-to-date. so about two-thirds of the way through this chart on the right is march 16th, which is when we had the crimea referendum, okay? i'm sorry, but looking at that chart and the complexion of the chart, it is impossible for me as a market guy to pick up the influences of that part of the world. now, if you open it up to even closer to home, let's look at the germ

kayla tausche has this report. >> reporter: some 95% of all of the atms in the united states run usingld piece of software, called windows xp. april 8th is the deadline for extended support. meaning the traditional software used in the atms will no longer be updated by microsoft. that has caused banks to rush to transition their systems. it costs about 3,500 bucks for each atm to be updated. they have to be programmed individual individually, meaning this say tedious process that doesn't come cheap, jpmorgan chase, bank of america, wells fargo and pnc have asked microsoft for extensions to get them to this point. microsoft did end that support several years ago and federal regulators in october urged them to make this transition sooner saying it was up to therapy to take on this operational risk so that consumers would stay safe. in the meantime, some banks have not given estimates about how long the transition will take, only ensuring that customer accounts will stay safe. a sticky situation for banks and atm operators alike, once that won't be solved overnight. for now we'll send it

i need you to pick up kayla, the pager just went off. fertilizer plant was on fiery thought they would go out there and put it out >> kelly drove herself to the plant to see if chicked bring the firefighters food and water. >> i saul the black smoke. i was like, wow. that's really bad. and when i pulled in is when it all happened. people are running everywhere crying, screaming. everybody is in shock. >> yes. >> how far from the plant were you at this point? >> probably about 100 yards. >> shear luck prevented kelly from being injured. the explosion created shock waves faster than the speed of sound. damaged over 150 houses and destroyed a nearby apartment complex, a nursing home and the local high school. >> by midnight that night, he didn't call. he didn't text. >> wasn't like him. he would even in that chaotic moment, he still would have stopped to make sure we were okay. that's when it really sunk in, when i didn't get that text or that phone call. >> i am sure that you have relived that moment in your mind countless times. >> every

kayla. >> if you were hoping for the banks to turn it around, you're out of luck.he top of the heap per analyst is wells fargo is 96 cents a chair. up slightly from last year, revenue expected to be flat. it's expected to get its estimates raised by wall street. the year includes the home buying season. and yields going up throughout the year. that means they can earn more on each loan. wells could surprise to the up side tomorrow. that would be just that, a surprise and only if it cuts a lot of costs or if it sees a benefit from having enough capital stocked away. banks like jpmorgan have been setting capital aside instead of reinvesting it. now when jpmorgan reports tomorrow, wall street expects earnings of $1.40. and management at this point has warned that re will be lower and cost cutting mode and mortgage activity and corporate refinancing has slowed. it said that weather has hurt trading revenues and weakness across the board. cutting estimates for all universal banks. maybe in the upcoming quarters the head wins are just too great and we could see a surpris

we'll get to john ford for more than that, but first to kayla on why this is a big problem for atms.> that's true, ty. it might surprise you to know that 95% of the atms in this country are run on the soon to be outdated software. it will be phasing out its support of windows xp, banks will be rushing to upgrade to keep their security systems up to snuff. now, here's the risk, criminals have long targeted independent third-party atms to put a skimmer on the back and put your money at risk. bank atms will pose a lucrative software risk because of them running on windows xp. these run on an older system. this is a fear highlighted by the ffiec. that's a council of bank regulators which say, we expect financial institutions and their technology service providers to identify the operational risk to ensure that safety and soundness and the ability to deliver products and services are not compromised. of course, big banks have deep pockets. they can pay to keep this service extended. most of them have. they'd paid money to keep the support of microsoft until they can transition. banks have

kayla tausche will look at the future of banks in just two minutes here on "closing bell.". they're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. >>> apple surprising everyone by announcing a pretty unusual 7 for 1 stock split. check out the stock today. it certainly jumped on that news. will the move appease investors for the long term in or will the company need to start innovating with new products to keep those gains and go even higher? director of research and co-portfolio manager at jacob internet fund back with us. is this 5% of your portfolio, apple? >> it's actually 6%. it is our top position. >> you've got to be happy at least with the cash return to shareholders, $130 million. the results on iphone sales and the 7 for 1 stock split. >> yeah. actually, it's all well and good. i love capital returns. shareholders friendly initiatives are great. but the more important things, it seems like apple is back on its game in terms of innovating. one of the things that was most important about