but kkr to me a very safe play in the event we do get a 10% pullback. i also think the stock trades up into the high 20s and you get a great yield. >> off the hot seat. stephanie link is about to get on. come on down. at the start of the year, two traders had the same financial in their playbooks. >> citi bank is very, very cheap. it's well positioned for merging markets. >> international, got 70% exposure there. >> great management. >> a new management team and great restructuring program. >> well, great, great, great. took citi out. why? >> great, great, great. still has great management, still very cheap. merging market, 70% of the story. i think this restructuring story will take aening althougher time to play out. might be more of a 2015 story. the balance sheet issues, capital issues. and so i think it's just -- better places to focus. i think the regulation a big problem for them. i actually sold it and bought suntrust. i think that suntrust has better growth. like the regional banks over money centers. i don't think they have as much regulation.

what i would tell you, at kkr, we see nothing like that at this time.n the ground. we have 22 offices. trying to turn over a lot of stones. but it's a different backdrop than what we saw -- >> globalization not going as well as many as had. henry, we appreciate your time. simon, back to you. >> david, thank you. >>> up next, affordable technology could reduce trucking accidents and increase safety. why do only 10% of trucks on the road actually have it? more on that right after this break. we do? i took the trash out. i know. and thank you so much for that. i think we should get a medicare supplement insurance plan. right now? [ male announcer ] whether you're new to medicare or not, you may know it only covers about 80% of your part b medical expenses. it's up to you to pay the difference. so think about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they help cover some of what medicare doesn't pay and could really save you in out-of-pocket medical c

kkr owns 35%. >> thank you.russian equities rally from losses earlier in the year, m&a falls to a four-year low. we will have more on russia's deals after the break. ♪ >> welcome back to "on the move ." 14%.s are down more than the australian bank says it will have a record loss on write-downs in its hungarian and romanian businesses. we are joined on the phone from vienna. thank you for joining us. they are taking some more provisions that have not been foreseen. fees ins areoound loan their eastern european operations. >> there are two main aspects. one is hungry where the parliament is today going to approve new rules that will force banks, not just erste, but everything to refund borrowers with fees the government deems unfair. that part has been expected because that law has been in the making. analystsew and what were surprised about was the big write-down on romania. where erste has a lot of bad debt like every bank. 20% oft in rumania is outstanding loans. the bank is cleaning its books. and it is writin

. >> stick with kkr. >> and josh? >> sun power will break that 40, i will like it. >>> that does it for us. puller starts right now. >>> halftime is over, and the second half of the trading day start right now. >> welcome, everybody. bulls in charge, the dow up triple did you get, new highs, goldman sachs boosting thee-end forecast for the s&p 500 to well over 2,000, but getting a bit cautious about next year. what's behind the call, the change, and how investors should gettingsed? right now i'm going to position myself over here. we've got earnings central, a monster week ahead, citi beating the street today with other news about citi as well, of course. that big settlement. big-cap tech starting tomorrow. we have three stocks that have gone up over the past four earnings seasons. and the profit, taking a bite of crumbs. the start marcus lemonis, buying the struggling cupcake chain. he'll unveil the turnaround strategy with ute icing on top. first to sue at the nyse. >> everybody at the barclays post is looking forwa

. >> kkr, great time. >> okay. that does it for us right now. you do have the stock market down across the board. have a great rest of the day. power starts right now. >>> halftime is over. the second half of your trading day begins now. >> scott, thank you very much. warning warning warning, certainly big names, even a big bull sounding a warning alarm on the stock market despite today's drop still near report highs. are they right, or is there a green light for the bulls? >> one big factor in the debail, of course, is corp earnings. we will get you ahead of the game on that and pepsi's co, one of the most influential and powerful women in all of global business. the agree die pained, this is ms. nooyi, telling the story about her mother's response when she came home with a big promotion. >> let me explain something to you. you might be president of pepsico, but when you enter this house, you're the wife, you're the daughter, the daughter-in-law, the mother, nobody else can take that place, so leave that damn crown in the garage. >> leave the c

. >> kkr, great time. >> okay. that does it for us right now.tock market down across the board. have a great rest of the day. power starts right now. >>> halftime is over. the second half of your trading day begins now. >> scott, thank you very much. warning warning warning, certainly big names, even a big bull sounding a warning alarm on the stock market despite today's drop still near report highs. are they right, or is there a green light for the bulls? >> one big factor in the debail, of course, is corp earnings. we will get you ahead of the game on that and pepsi's co, one of the most influential and powerful women in all of global

. >> kkr. >> stephen weiss. >> pro share. >> i will see you tonight at 4:00 for more "fast." meantime, don't go anywhere. "power lunch" starts right now. >> halftime is over. "power lunch" and the second half of the trading day start right now. >>> and we are still flirting with a milestone, namely dow 17,000. there are a lot of themes to cover behind that number. we've got big caps versus small. we've got risk and reward. the economy behind the rally and a lot more. right now the dow is trading higher but not by much. up 19 points. the s&p and the nasdaq also doing higher. anything positive for the dow and the s&p record territory at the close. >>> six months after colorado legalizes marijuana, you're going to meet the investors behind the businesses profiting from that movement. these are very special private equity funds. now we want to know, would you put your money to work in pot-related businesses? >>> and you're going to love this story. we get the brutal truth from pepsi ceoindra nuie. this is the true story about how she told her mother about a huge promotion at peps

. >> kkr. >> stephen weiss. >> pro share. >> i will see you tonight at 4:00 for more "fast."er lunch" starts right now. >> halftime is over. "power lunch" and the second half of the trading day start right now. >>> and we are still flirting with a milestone, namely dow 17,000. there are a lot of themes to cover behind that number. we've got big caps versus small. we've got risk and reward. the economy behind the rally and a lot more. right now the dow is trading higher but not by much. up 19 points. the s&p and the nasdaq also doing higher. anything positive for the dow and the s&p record territory at the close. >>> six months afterol

kkr launched a fund where you need $10,000 to get in. not just for the rich anymore. >> all right.ou very much. coming up, a fist bump or a handshake? let's do a fist bump. maybe one reason perhaps why president obama choses to fist bump this maybe rather than kiss him. we'll tell you about that. the new ways to greet and "the new york times" says it's high time to legalize weed. agree or disagree? cast your vote now at cnbc.com/vote. we'll be right back. in a world that's changing faster than ever, we believe outshining the competition tomorrow quires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. thank ythank you for defendiyour sacrifice. and thank you for your bravery. thank you colonel. thank you daddy. military families are uniquely thankful for many things, the legacy of usaa auto insura

. >> stick with kkr. >> and josh?will like it. >>> that does it for us. puller starts right now. >>> halftime is over, and the second half of the trading day start right now. >> welcome, everybody. bulls in charge, the dow up triple did you get, new highs, goldman sachs boosting thee-end forecast for the s&p 500 to well over 2,000, but getting a bit cautious about next year. what's behind the call, the change, and how investors should gettingsed? right now i'm going to position myself over here. we've got earnings central, a monster week ahead, citi beating the street today with other news about citi as well, of course. that big settlement.

also, another big winner, kkr holds 35% of wild flavors. >> another big sale for private equity.s so much, caroline. now, the biggest loser this morning on the stoxx 600, the austrian bank says it will have a record loss in both hungary and romania. for more, our bloomberg news reporter joins us from vienna. good morning. tell us what you know about these provisions. why is the loss so much wider than they had initially predicted? >> two things at play here. hungaryhe losses in which were expected. parliament is going to sign a law that would force banks to refund some fees that are deemed unfair to clients. that part of the loss is about 300 million. more or less expected. what was not expected were the losses in romania. romania is one of the countries in eastern europe which has the highest nonperforming loan ratios, about 20% or more of outstanding loans are nonperforming in this country. erste owns the biggest bank there. it is going to be harder hit than anybody by that. the centraling that bank and romania is pushing the banks to clean up the balance sheets and flush out t

he takes a big chair. 35% was kkr. it is part of an overall story of go local, go healthy. report a drinkt story unless it is vodka or beer. because concession capri sun is so intertwined in my childhood. >> how does this position archer daniels?cher >> it gives them a foothold in europe, or another foothold. we have seen a lot of m&a activity in the last six months. some of it is tax related. u.s. companies looking for place to park cash to gobble up assets. this is not one of those. adm were to take over this company and then hoard quarter it -- headquartered in luxembourg and filter their taxes through it, it would be analogous to pfizer and astrazeneca. this is not that. this is a company that wants more of a toehold in the natural market and the foods market. >> hans nichols, thank you so much. it is a big week for the market. watching murders -- mergers and acquisitions. futures are poised to open lower. kicks off the earnings season unofficially. unemployment drops to the lowest level in six years. this causes speculation that the fed may raise rates earlier than exp

. -- the ownership is in partnership with kkr and had been considering a sale back in january.l could fetch as much as $2 billion back then but now there is a bit of a bidding war. one of its rivals have also been in the hunt and it appears that adm as out bid another company and the price will be close to $3.4 billion for wild flavors. in the meantime, most people think of the fbi as a force.terrorism that is how we look at it since 2001. this is the same organization that investigated savings-and-loan scandal back in the 1980's, michael milken in the 1980's and enron most recently rise roger rotman -- raj rajaratnam. where does financial crime that on the fbi priority list? i talked to the assistant director in charge of their new york office. >> it's a huge responsibility. street and it's a high priority for us in manhattan. i can tell you our white-collar crime resources in general rival the terrorism. >> given the attention the financial crime has been getting a given the success the government has had an prosecuting insider trading, is financial crime a consequence of the

. >> cooperman gave a dozen stock recommendations, including citigroup and kkr. he breaks down investments into four categories. growth at a reasonable price, income and growth, asset restructure playes and high risk/high return stocks. joining us from boston is brian reynolds from rosenblatt securities. great to have you on the show. you point out the number of vix calls outstanding last week rose to their fourth highest level on record, a sign the bears were looking for a pullback or pick up in short-term volatility here. >> exact thely. the xunt is trying to throw a hail mary. once we got past june 30th, typically the window for redepositions, we saw the short covering stock and we saw thing like junk yields reverse declines and rise. they are also buying a lot of derivative positions, especially on things like the vix, in anticipation of this credit boom ending. >> what's the likelihood that even if we see a pop higher in credit spreads that the bears -- investors use this as an opportunity to get back long credit and push those tighter again? >> exactly. thr

rockwood itself, the kkr long out of the stock or out entirely. number of divestitures playing for the m&a end game here and got it with this deal. 12 times and to your point, 25% plus margins. not a bad -- >> just a killer. i mean, that is -- people have to understand that money managers are always looking for something. like timcan steel, oh, people want a steel company. people say, listen, get me a proprietary chemical company, one that's not swinging with the economy. this company has everything all at once. people used poly pour, this replaces all of these. this is a must-own for many managers. i like the deal. >> watching that, of course, from here on out too. we'll see. >> they need a better name. that's an old name. >> you say it well, albemarl. let's head to the monday pits now. the cme group in chicago with rick. >> good morning, david; looking at the intradays of tens, you see rates moved up on some of the data points this morning. some of the components were not as good as the heline, and, of course, retail sales taken a couple months

first data led by ceo is here for the first time, company just got a big investment from kkr.o go public again in the next year or so. lending club, a company that we've covered a lot on "squawk on the street" a specialty finance company that offers consumer loans are expected to go public by the end of the year. the ceo is here as well for the first time, and he'll be presenting to the audience tomorrow morning and other startups here for the first time. quite a captive audience for the company looking to go public, looking to get a lot of blue chip money into the stock once they do. other companies that we've seen here, wayfayer, cloudera, zulily here, already public, and interesting one, though, carl, is this company called eppi systems, a 3-d printing company, doesn't have a website or logo, backed by sacoya and started by a semiindustry professor at unc. doing a demo today. teem of today is technology, and people here are excited to see how that works given how little we know about that company. >> that's going to be interesting to watch. some of the times we mentioned th

general bought 11.1 time back when it was taken private seven or eight years -- over eight year ago by kkrd, multiples, i should say margins at family dollar are depressed. so there are those who say yes, it's a high multiple but you're not talking about margins near what they could be for basis comparison, dollar general's margins almost 400 basis points higher than those at family dollar. as for dollar tree, you saw its stock up this morning. investors rewarding it for a deal that will be accretive, that will add significant cost, saving tunes for the combined combination. 305 million termination fee. and you've got beneficiaries, such as trian, in family dollar for a long time, and carl icahn, got into the shares in april. that was after, i'm told, the initial inquiry was made by dollar tree about a potential deal. and after family dollar had already begun a process under which it was at least considering the idea of a sale. why hasn't dollar general chosen to play? i don't have all off the answers. it was aware certainly of the process, it's unclear to me, based on my report, whether i