our kayla tausche found one that's risk free, liquid and even earns a little interest. >> reporter: for every investor in the stock market, there's another who likes their money right where they can see it. in their checking account, insured and in a perfect world, earning interest. with that last detail hard to come by, experts say a high-yield checking account might be the answer. a high-yield checking account, on average, returned 1.64% according to a bankrate survey out thursday. that's an average of $280 per accountholder per year. leaps and bounds beyond money market accounts or certificates of deposit. >> and a low-rate environment where people are looking for yield, these accounts give you the opportunity to earn a higher yield on a portion of your savings without sacrificing either the safety or the liquidity of the money. >> if you can stomach the requirements. high-yield checking accounts commonly require ten debit transactions a month to earn the highest rate, and they only let you earn the highest interest up to a certain balance. with yields continuing to fall, the costs m

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cnbc's kayla tausche is live with that story and more. good morning. >> good morning.atching those shares today. the social networking giant says mobile ads helped propel a big jump in first quarter ad revenue. mobile accounts for 30% of total ad revenue of facebook's more than 1.1 billion monthly active users. the number of people who logon solely with the mobile device doubled. >>> you can watch pizza being made from anywhere. customers can check on their order from start to finish. the website is dominoslive.com as part of the efforts to be more transparent about quality. you said extra cheese? you can get that they added that extra cheese. >> keep them honest. thanks, kayla tausche. >>> if you are watching us right now, you might disagree with google assessment of television. eric schmidt says the battle between tv and youtube is over and youtube has won. he says more and more people are watching video online than they are on television. google owns youtube. that site now gets 1 billion visitors each month. schmidt thinks that number will reach 6 or 7 billion prett

kayla tausche is covering that. to hang on to both the chairman and ceo role. do we know yet how tight that vote is? because the story may not end here, presumably. >> we do not know, simon, but we do know if you we look at the stock the shares are up 2% in just the 30 minutes they've been open for trading on that news that dimon is set to hang on to both the chairman and ceo roles as it narrowly defeats the proposal to split them for pension fund groups earlier this year. if you take a look at how it performed under dimon. jim cramer last hour said if you vote for the proposal you, ironically, are voting against value in the stock and the stock was set to go down and you can see there's a vote of confidence under those shares at dimon at the helm. they were up 34% since he was chairman and they are 10% at the time the financials are down 8%. they're kecking off right at the top of the hour, we have dimon with prepared remarks and we'll be addressing the news, and the company has yet to confirm and after the proposal

and cnbc kayla tausche. good morning. >> good morning, richard.h shares of facebook, the social networking giant said mobile ads help propel a big jump in revenue. facebook has more than 1.1 billion monthly active users. the number of people who logon solely with a mobile device has doubled. >>> and ford puts out the help wanted sign. the automaker at its plant in kansas city to help meet surging demands for pickup trucks. >>> and now you can watch your pizza being made from anywhere. dominos is testing a live webcam for customers to check on their order from start to finish. >> you have to have a lot of talent to watch for that. >>> retail sales can turn around a rough start to may. the feds keep interest rates at record lows to boost the economy but that did not keep stocks from tumbling. new this morning, australia is about to place an order for up to 100 lockheed martin f-35 stealth fighter jets and a dozens attack planes. gallup poll said workers not engaged in their job. 18% call themselves actively disengaged while 52% are not engaged at al

kayla tausche joins us now live with the very latest from there. kayla, what can you tell us? >> reporter: scott, the proposal everyone was looking squarely at was proposal six, by four pension funds to split the role of chairman and ceo at the top of jpmorgan. that vote only garnering 32.2% of preliminary votes. that is not counting any votes cast in person today. the balance open all throughout the morning but as of right now, 3 32.2%. so a clear win for dimon and also markedly lower from last year, 40% of shareholders supported a similar proposal to split those roles. now we should also note there's some interesting approval numbers. three of note coming under fire recently from proxy adviser firm iss noting that the risk committee had some weaknesses squarely in that crossfire was the president of the american museum of natural history. she actually wasn't present today, and she got the lowest approval rating of everyone on the board at 53.1%. jim crown, who runs an investment management company, got 57.4% and david cote of honeywell got 59%. those are fair ly low approval

cnbc's kayla tausche is here with more on that. good morning. >> good morning, eun.ng your own device is a growing trend at u.s. companies. a new survey shows by 2017, four years from now, more than half of companies will require their employees to supply their own tablet or smartphone on the job. nearly 40% of companies expect to stop supplying people with devices entirely by 2016. unbelievable. there are many benefits to adopting this approach. the biggest being lower costs. now you can watch your pizza being made from anywhere. dominos is testing a live webcam. the website is dominoslive.com as part of the effort to be transparent about quality. tune into that. must see viewing. >> kayla tausche, thank you. >>> let's go to the live desk and check in with melissa mollet. >> good morning. we want to show you if we can an aerial shot coming out of the bronx if we can get that shot up for you. we understand this is a three-alarm garage fire in the bronx right off white plains highway. it's a detached garage of some sort. we're trying to get more info on this. you can

. >>> to business now and cnbc's kayla tausche. good morning to you. >> good morning. automakers report their april sales number today. the pace of sales is expected to top 15 million vehicles for the sixth straight month. as volume picks up with the start of the spring selling season. demand for pickup trucks is also improving with a recovery in the housing market. and president obama is expected to nominate venture capitalist and former lobbyist tom wheeler today to be the next fcc chairman. he would replace julius janikowski and also expected to top melvin watt to head the agency which oversees fannie mae and freddie mac. private sector payrolls ahead of friday's jobs report. also manufacturing and construction spending. back to you. >> hoping for good numbers there. thank you, kayla. >>> the past lthree years have been sell away and go away. but this way stocks in your retirement accounted said good-bye to april on a high note. with all three major u.s. indices up double digits. if the fed continues to ease money policies today, the streak could continue, we hope.

cnbc's kayla tausche joins us now with all the details. , kayla. >> larry, the bank of england says it's in contact with bloomberg calling it reprehensible, how they may have used proprietary information about officials in their rourpg. the fact that journalists had that access is only the first issue. the second has become the security of private messages and trade data transmitted across platforms. the messages were private conversations over securities prices. and being used by bloomberg to tailor one of its product to traders. a bloomberg spokesman said they had consented to the messages but they were not supposed to be made public. he called the release, a quote, clear viaolation of our policie. bloomberg is also a veritable trading platform, trading trade book to service transactions clients were making, registered with the s.e.c. and finish rah but unclear what steps are being taken to ensure the areas of the note torously private company are being secured. those products create a unique element of competition between bloomberg and i

kayla tausche on that story. to you, kayla. >> maria, more than one year after the facebook ipo, the securities and exchange commission has concluded its investigation, the result, a $10 million fine. while dwarfed by the losses investors sustained during the ipo, it's the largest fine ever levied against an exchange and only the second of such charge after the s.e.c. charged the new york stock exchange $5 million last september for sending market data to preferred customers first. in today's case, the s.e.c. found nasdaq executives were aware of the problems, but opened trading in facebook stock anyway, causing 30,000 orders to be held up. the resulting volatility affecting both facebook and zynga shares, the s.e.c. said. and in an open letter today, nasdaq ceo bob grifeld acknowledged that the volume of ipos was carried out without issue, and writes that while the firm, quote, prepared extensively for the facebook ipo, including thorough tests of our own systems with member firms, the challenges we encountered

. >>> to cnbc's kayla tausche. good morning. >> good morning. investors awaiting the big economic report of the day, the april jobs report out before the opening bell. forecasts call for payrolls to rise by $148,000, rebounding from march but still not enough to offset recent signs the economy may be slowing. unemployment is expected to hold at 7.6%. >>> and barnes & noble is beefing up the nook to make the tablet more competitive with the kindle and ipad. the hd version will come with google's app store and other google services such as g-mail and google maps. >>> and apple is closing in on a big milestone. 50 billion apps downloads. to mark the occasion, the company will give a gift card to the person who helps put it over the top. an explosion in downloads having hit 35 billion just last october. dara? >> thanks, kayla. >>> elsewhere, crude oil had its best day of the year. imports hit a 17-year low due to increased production here in the u.s. >>> news of the deadly factory collapse in bangladesh has brought to light disney's decision to pull

i'm kayla tausche and i'm sitting here in place of maria bartiromo who's on assignment today. we have a big show. the stocks rocking again. the stocks on pace for another new record. and comments here on cnbc giving some reason to think there's a lot more to go in this rally. if you didn't think that we were going to keep rallying, you have to listen to what tepper said here. we'll have more from what he said, and many investors still licking their chops. >> yes, they are. the banks are helping to lead this rally. morgan stanley ceo james gorman facing scrutiny today at his shareholder meeting. and one week from today is the big one. that huge vote that potentially could separate for jamie dimon the chairman and ceo-ship there at jpmorgan chase. >> and what the bank is doing leading up to that too. >>> and the white house battling scandal politics. eric holder ordering an investigation into whether criminal activity took place at the irs. there's also the scandals involving benghazi and seizing phone records of reporters, namely the associated press. it seems the list goes on.

kayla tausche joins us now. do these girls have any idea about the amount of money they're actually making? >> tyler, each girl knows when she personally sells a lot of cookies, but can't really fathom how big the overall organization has become. thousands of troops are young girls will sell in total more than 200 million boxes of cookies. called america's youngest sales force, earning nearly a billion dollars, all before it's time to start their homework. how much do you think all of the girl scouts selling girl scouts cookies every year? >> hmm, 3 million? >> nine million. >> eight thousand? >> i think a lot. >> ten million or so? >> reporter: okay. so they're not good with numbers yet that doesn't stop these manhattan girl scouts and others like them from hauling in close to $800 million in cookie revenues over a span of just eight weeks. it's more dough than some s&p 500 companies will see in an entire year. a remarkable feat considering it looks much like it did a century ago, door to door and offline. >> i

kayla tausche is covering the meeting and has the results for us from tampa hi, kayla. >> reporter: hioposal put forth knocked down today. 32.2% of the vote, but still a good day for shareholders. take a look at jpmorgan up 2% better than that, even investing the pry-crisis level of 53.17. of course, that result meaning that jamie dimon is no longer challenged in his dual role. that put forth several months ago, the company has been working behind the scenes to drum up support with investors, and with corporate america alike. a lot of shareholders said this becoming a referendum on jamie dimon's leadership and the idea in a worst-case scenario, he could potential stand down, that would be a very negative event for the stock. 32%, far below last year's support of 40%. you can see that work behind the scenes definitely paying off. also making an appearance lee rain raymond, one leading voices that challenges jamie dimon and previously criticized by shareholders as potential not being a strong enough voice to counter dimon. he saying he's never been told he's not strong enough and the gen

kayla tausche on that angle. kayla?e bulls, that late-day turnaround saw many investors taking chips off the table. nearly all of the s&p in the red. nearly 455 out of those 500 stocks, to be exact. 40 in the green and 5 unchanged. at rock bottom, you have paul corp. down all day on its earnings reported yesterday after the bell. asic down just shy of 5%. it reports monday and those are the worst performers. several pharma stocks in the s&p's bottom tier. amgen faring the worst of that bunch, down nearly 5%. pfizer in the red on heavy volume. with the volatility in the commodities complex today, several natural resources stocks were thrown for a lap. newfield resources down 4.5%. pioneer natural resources and cliffs natural resources, those are down sharply too. we also want to mention tesla, which we've been talking about all day today in the wake of the test driving event. the car ended the session lower, down nearly 7% there. maria? >> thank you so much, kayla. we want to look at this market through a lot of differen

kayla tausche is working on that story today, and so is "wall street journal's" shelley vanjo who joins we think has gone missing? >> it's really ary days in the investigation into this, but at least multiple millions is what we've been told. there's dozens of people embroiled, and investors that are kind of coming together checking out their legal options and wondering where some of that money is. >> do we think it's a sizable amount? >> all wufgt it multiple millions. that's what we are working with. we know it's big enough for some of these pretty prominent investors to hire legal representation, and start forming a group. it's big enough for invesco to report to the authorities, but we don't have a specific number yet. >> kayla, you've been watching on a cause of death. invesco just said that he had died. >> it's interesting that these investors came forward in the weeks after mark powell died. may 16th. several weeks have passed since then. we did speak to a source close to the powell family who said immediately prior to powell's death, he was phoning close family friends the conte

robert frank is with us, so is kayla tausche. she's in manhattan covering the bike share program.at in a moment. first, the ongoing saga of jamie dimon, section proxy for him now, wants to split the chairman and ceo position, so how much pressure, kayla, is dimon really facing? >> reporter: the pressure is mounting, tyler. that is no question about it. but it is interesting to look at these proxy firms, traditionally they do pit themselves against the company and against the incumbents. "new york times" found 73% of times iss, which is one of those firms, sides with the activist in a situation, so it's not exactly a proxy for how shareholders will vote and shareholders are undecided, but no doubt the public vendetta is building. >> robert, if i were in his shoes, a part of me would say, you don't like the job i'm doing? i get out of here. >> well, i think he should give up the chairman's role, which is largely symbolic. if i'm a shareholders, i would matter management spend time on managing the business than fighting what is largely a symbolic fight. >> robert, you're covering a s

kayla tausche is live at cnbc world headquarters. good morning >>> good morning, scott. futures are higher after stocks suffered their worst start in nearly a year. poor economic data hurt the markets early on while they rebounded initially. the losses picked up in the final hour of trading. the fed, as expected, said it will keep buying billions of dollars in treasury and mortgage bonds each month to stimulate the economy. it could expand the program depending on the job market or inflation. we get data on unemployment, trade deficit and productivity and earnings from gm. the dow falling to 14,700, the nasdaq losing 29 to 3299. back to you. >>> menlo park's facebook met with analyst and reporters by phone wednesday afternoon. one of the key takeaways is the average facebook user is on a mobile device and doesn't live in america. that use ir e user is far more live in europe or asia. the company did turn in respectable numbers, jon and laura. the trends continue to be a challenge. facebook's accountants say, hey, good news. we made a ton of money advertising to americans

kayla tausche is at the new york stock exchange with a look at facebook's bumpy ride as a public companyll the excitement leading up to the facebook ipo the day itself is a huge bust and notoriously so after a technical glitch at the nasdaq. an intense blame game followed and underwriting sources are split on the matter, some say the deal which swelled in price and size in the final days was mispriced and plus the glitch that proved lethal. others say the price was in direct proportion to demand. the book of the original investors in the facebook ipo was never shared between the lead underwriter morgan stanley and the other banks. lingering effects in the market unclear. the volume of tech ipos is down sharply from 2012 in part because facebook was the last of its league to hit the market and it was so large. goldman sachs has underwritten the most in dollar value followed by deutsche bank, jpmorgan and morgan stanley topped the u.s. ipo charts last night. the underwriting arms at the banks are small within the larger institutions so the bottom lines unscathed as well as the stocks. shar

kayla tausche looking into what's going on today. kayla?years after dodd/frank financial regulation has gotten its second wind. starting earlier this year, an onslaught of stricter rules coming into view that have wall street and washington at new odds. two facets of dodd/frank still in the works. final rules on how to clear derivatives and the volcker rule, both are expected to be finalized in the coming months. but two new threats would change the landscape. one the kurnd brown/vitter bill and a potential introduction of a global transaction tax. the fate of both of those issues is unclear, but the reason why wall street is beefing up its representation in washington is two-fold. one, simple suggestions are now becoming legislation and banks fear the new rules could hamper the health they've only finally come into. so they've brought on former government officials like bush 43's tony fatto and michelle davis and stephanie cutter to help inform them. but don't call them lobbyists, they call them myth busters. >> they're there to educate yo

kayla tausche with the latest on this developing story. >> private company.al data machine and permanent fixture on wall street. founder and major michael bloomberg started the company in 1981 as a hub for traders. as the company expanded the trading hub to things like government analytics and credit verj research -- the wall -- hundreds of the companies 2,400 journalists engaged in a practice of looking up confidential data for users of the terminals to break stories. now news in the financial times this afternoon saying that thousands of those private messages between terminal users has made their way online. but as for the journalists using that confidential data, editor and chief matt winkler called that practice, at least, inexcusable but not alarming. the mayor, meanwhile, ceded his control and placed his stake in a blind trust. seemedunaware of the concern when our bertha coombs saw him at a press con trens this morning. >> do you think it was a violation of users trust for bloomberg reporters it shall. >> i don't know what you're talking about. you ha

kayla tausche has the full story for us. >> the prince is a long time citigroup shareholder. he built up his stake even further through converting preferred shares after the crisis. he's long been vocal about the bank's strategy, too. today in an interview with reuters the prince was quoted as saying the idea of splitting citi is now dead completely. the latest results of citigroup were the best among all of the banks. citi's net income rose 30% in the first quarter led by its investment bank. splitting up the bank or at least slimming it down considerably has been a popular idea among shareholders frustrated with the bank's progress in recovering from the financial crisis. that recovery has escalated since mike took the reins in october of last year, cutting costs and moving to restructure yupts and shares of citigroup up nearly 30% in that time. the prince likely had a good view on the bank. korbat and three regional executives visited the offices of kingdom holdings in march. a kingdom press release -- the company's future plan. several shareholders asked corbat if the com

. >>> welcome to the kay"closing bell," i'm kayla tausche in for maria bartiromo. >> and i'm bill griffeth. it is a tuesday, so stocks are rallying. the dow now up for 18 straight tuesdays. this is a streak that goes back to january 15th, where we're now setting record high on a weekly basis. and here's how we're finishing the day out, near the highs of the session, with the dow up 123 points at 15,215. the nasdaq, even with apple computer, down 2.5% today, nasdaq finishes up 23 points, at another 12-year high. that's 12 consecutive trading sessions when the nasdaq has been hitting that 12-year high. and the s&p, also record high, trading at 1,650. a mini rally is what you would call this. it took hold this morning off the markets after noted investor david tepper said on cnbc this morning that he is, quote, definitely bullish on stocks. is that long-anticipated pullback just not in the cards right now? that's the question. >> the big question that everyone's asking. let's get to our market panel to pose that question. tim leetch, sean darbi of jeffries, and ralph acampora. so what is the

kayla tausche is down the shore, as we say, looking at just how important this is to the garden stateast fall. kayla? >> reporter: hey, bill. the weather is not just a topic of conversation here, it's a very important factor in setting the stage and the mood for the summer. vacation season here at the shore. in the seven months since superstorm sandy, the business-oriented parts o. shore are nearly fully rebuilt. seaside heights, about 2 miles south of here, is back in business, back as good as new. if you take a look at the boardwalk, it's fully restored as of two weeks ago. the storefronts are brand-new as well, and of course, there was a big unveiling today. but that's important to start there, because tourism is a big business br new jersey. the third largest industry for the garden state. $38 billion in annual sales and some $4 billion plus in annual tax revenue. those numbers are expected to fall slightly through the summer, because there is expected to be still a small dent from superstorm sandy and the ability to actually bring vacationers out to the shore. but they're trying,

kayla tausche was there. >> bank of america shareholders is spent three hours lobbying questions at brian moynihan as well as chad holliday, but little controversy emerged down in charlotte. executive pay was approved and the 13-member board affirmed, each member getting at least 96% of the votes. the group included six new faces appointed in the last year, in face of the five directors stepping down. but of the five proposals submitted by shareholders, from political contributions to board nominees, none passed. but one did get a significant a lot of attention. it was a call for b of a to publish a thorough review of its foreclosure and mortgage servicing practices. a quarter of investors supported the move, which comes as the bank remains mired in crisis litigation over legacy housing issues. the bank under ceo brian moynihan has paid out $45 billion to settle these claims and then some, but they keep coming. b of a named in a new york lawsuit monday for violating a previous foreclosure pact. another ruling today allows the u.s. to bring a suit against the bank for toxic mortgages sold

kayla tausche at the annual meeting in tampa right now. >> maria, an endorsement for jamie dimon, ifng one, still only 32% of shareholders in a preliminary tally voting to approve that split of the chairman and ceo role. that didn't go through. of course, we have 68% preliminarily that did not approve that. so, definitely, a win for jpmorgan and for dimon, who will keep both of those roles. today, dimon struck a conciliatory tone with shareholders, likely because the bank already knew the results of the vote and because the issue became a referendum on the leadership of jamie dimon. fear became in recent weeks that if they couldn't have him in both roles, that he would resign from both of them instead of serving in one. but he answered questions from shareholders today on issues like operations, management turnover, the operating committee, libor, foreclosures, a lot of regulatory reviews. but where questions about the board composition and board activity were concerned, he deferred to lead director, presiding director, lee raymond, really striking a tone that raymond is a foil to di

but kayla tausche there with the latest on that story. >> it is ticktock on jcpenney earnings.retailer posting results any minute now. we'll have full team coverage of jcp's numbers next and discuss whether it was right in giving former ceo ron johnson the boot. >>> also coming up, in google we trust. g-mail account holders will soon with able to send money as an e-mail attachment. we'll talk about the game-changing potential of that bold new movie. >>> and we've got taco bell's newest tacos in the house and we'll talk about the fast food chain's ceo about its product line. >> this is the nacho cheese taco, it is expected to be ordered and the company says it has created thousands of jobs. >> something like 15,000 jobs. >> do we really believe it? do we think the taco is responsible? we also want to know if their next product can do the same, a waffle taco. a breakfast item, that's being tested right now. >> we had a picture somewhere. there it is! the waffle taco. >> we'll talk to the company's ceo when we come back. a simple question: how old is the oldest person you've known

with the one-year anniversary tomorrow, kayla tausche takes down memory lane. >> scott, year one as aebook was notable, indeed. aside from its many operational milestones, though, its initial public offering, now notoriously bundled and its stock yet to recover from that long slide that started on day one, right out of the gate. >> may 18th, 2012, ipo day for facebook. ceo mark zuckerberg and company ring the nasdaq opening bell at its menlo park, california, headquarters. >> this is a moment in american business, and we do not know how it's going to turn out. >> reporter: at 11:00 a.m., facebook stock priced at $38 per share the night before is scheduled to make its debut, the opening delayed by technical problems at nasdaq. >> you say you're going to do it at 11:00, and now 11:05 within all this makes me feel a little less certain. >> 32 minutes, it opens, at $32.05. >> there we have it. facebook, opening for trade. >> only 30 seconds in, and 82 million shares wereç traded. 7 minutes later, 110 million shares. but 20 minutes in, prices tumbled below $39. rumors swirled as to why. >

kayla tausche with the story. >> after a month after invesco's atlantic trust inked a deal, one of its mark powell led the austin arm of the firm with over $22 billion in assets across 12 cities. in the weeks since his death, investors have come out of the woodwork to claim money they say they personally invested with or lent to powell. atlantic trust says it's notified the relevant authority of powell's activities and the firm has no reason to believe that the accounts of any invesco clients who must have $5 million or more to invest with the firm had been accessed. personal acquaintances say that powell loomed large in austin's social and philanthropic circles, but he was warm and friendly. colleagues say the same thing. sources at atlantic trust say they were shocked to hear of powell's death and even more shocked to learn of the recent news. these sources say there's no talk at present of the $200 million sale to cibc. it's still unclear under which guise how he was borrowing money from investors. but he phoned family friends immediately before his death, which does give us some cl

kay kayla tausche joins us from the jersey shore. >> they'll make sure the jersey shore is ready andyou why. that's up next. can actually see like a human using stereoscopic cameras ♪ and even stop itself if it has to. ♪ the technology may be hard to imagine... but why you would want it is not. the 2014 e-class, see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. to appreciate our powerful, easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're welcome. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. yea, and these ideas are across the board -- bullish, bearish and neutral. i think you need a bigger desk, pal. another one? traders love our trading patterns, now with options patterns. what's not to love? they see

. >> let's stick with that financial theme at the bank's annual meeting and kayla tausche is monitoringq. it will be an interesting meeting, kayla. >> it will. they always are, simon. think bah of america has been steadily chipping away to the housing crisis and it's been returning more capital in the form of a buyback. the stock looking up at 67% in the last year and investors are buying more of it and getting more bullish. today in charlotte, north carolina in a meeting just getting under way right now they'll be able to put their questions to ceo brian moynihan and the shareholders will cast votes on eight of the foremost issues of the company, first reelecting its board. five out of 18 directors will not stand for reelection as previously announced. six new members have been appointed in the last year to fill those holes. among them, former executives from hca and pepsi as well as the current company of bae systems and other company directives and appointing pwc as auditor. bank of america's proxy among them, requests for disclosure and rules on lobbying and political campaign spend

for more on the first post sandy summer, kayla tausche joins us. >> it is not just a topic of conversationfoot traffic that will be here all weekend. rain or shy, businesses will be ready. they spent the last few months ramping up all the renovations to a lot of very hard hit facades here in seaside heights. working first on the interiors. just in the last month, sprucing up the outside as well. this boardwalk brand-new in the last few weeks. cnbc was here for the six-month mark. there's a central place for people to gather. business overall, a slight dent. of course tourism is the third largest industry. 38 billion dollars in revenue. 4 billion in tax revenue. now, hotels and lodging will definitely be harder hit. i spoke with tom levequey he said if his business was down 30% this summer it would be a good year. but the issue is once you get people into the hotels and into the houses here, the restaurants, the arcades, all the other businesses here along the boardwalk and the "jersey shore" believe they will get 90 or plus percent of their buns as normal. seaside heights popular and iconi

kayla tausche has more for us. >> it's developing by the minute.getting in to cnbc. it takes the protection of confidentiality in theiousage of data products by ecb management and staff very seriously. ecbg on to say our experts are in close contact with bloomberg and that's the latest into cnbc right now. let's tell you about how this happened. the terminal is just a machine and chock full of all of the systems a wall street trader or banker would ever need and every economic chart and database of news and economic data. it really is just this treasure trove and the access doesn't come cheap. the subscribers to the more than terminals on lease comes at roughly $20,000 a year. what those subscribers didn't know is that bloomberg's journalists were using the user data to report on them. a user's log-in data and how they've been using the database and any transcripts of discussions. it is a treasure trove for journalists, but matt winkler says nothing proprietary from customers is something that reporters have ever seen like, for instance, quote, tra

cnbc's kayla tausche back from florida. >> yes. >> back from -- i can't believe you got back. >> yes,ike i was supposed to have gotten some color. the sky absolutely just opened up in the afternoon and we actually had our "closing bell" hit canceled because there was lightning everywhere and our shot went down. i was like a wet dog by the time i got to the airport. it was a good assignment nonetheless. but as the debate evolves, the results of the jpmorgan vote mean. we're now looking at the fact it was not just a win for dimon, it was a win for firms like iss and glass lewis, each of which published opinions advocating for shareholders to vote in favor of splitting those roles. both favored in an independent chairman and also raised questions about board member ellen fedor who received 53% approval yesterday. the opinions of these firms often sway voters since many let iss do voting for them. but now experts are saying companies are viewing iss recommendations more as a challenge and not necessarily as an end game. a spokeswoman for iss said the concern all along was about the risk m

. >>> welcome back to "squawk box" on cnbc, i'm kayla tausche along with joe kernan and robert frank.assignment. the futures right now are indicated slightly higher right now. the s&p at an implied open of just shy of one point. the dow would open shy of eight points. and here your morning headlines on this wednesday morning. attorney general eric holder has a date with congress today. he'll appear before the house judiciary committee and will face a question from the monitoring of a.p. phone records to the targeting of conservative groups by the irs, to the government's handling of information related to the boston marathon bombings. >>> google holds the conference in san francisco today, it's expected to unveil a variety of new products and services, more on google and a possible new radio service in just a few minutes. and boeing senior vice president says the president is planning to fix batteries on all the 787 dreamliners by the end of the month. certainly the latest in the saga over the dreamliner there. >>> and global market news, the bank of japan is offering to pump a massiv

. >>> now to wall street, kayla tausche is at the new york stock exchange. we are expecting another record high for this week. it was quite a friday. >> it was. it could be another record week after touching the historic highs last week. the dow at 15,000, the s&p at 1600, two highest points on record, fueling the rally a positive report on jobs growth. some caution employee wages are still lagging. cities creating the most jobs have reason to cheer, home prices are rising faster. austin, houston, denver and baton rouge among cities where residential real estate at or near all-time highs. tamron? >> kayla, thank you. >>> u.s. officials are grappling with a spreading hunger strike at a prison at guantanamo bay as the president vows for renew efforts to shut it down. michael isikoff has more. >> reporter: in photos from guantanamo. showing where detainees are strapped and force-fed through tubes. back from the visit, he describes the process as agony. >> he talks about having the tube forced into his nose and his eyes begin to water. as it goes through his thr