if steve meyer, to why i didn't blame these international trade imbalance is for the crisis. >> goodevening. i'm an economist. >> as opposed to an ordinary person, right. [laughter] >> that's what i'm sometimes told. let me offer a hypothesis for your comments. the time that the obama administration was trying to determine the size for the deficit for the stimulus package, there was an expectation that if they didn't we think the amount of gdp decline would be at a certain level. in fact, however, the trajectory was far, far steeper and, therefore, the primary criticism of the stimulus package is not that it was too large but it was perhaps woefully to small. your comments, please. >> i have to agree with, and let me explain. the greater part is, let me just put on my economist have because that's what i am. if you look at the peril facing us, indeed what had happened already and what was likely to happen, a larger fiscal stimulus was called for in the sense -- if you view it as a big gap, and we ought to fill a large hunk of it by fiscal stimulus to sa save the economy, that would'v

steve harrigan in lee county, fort meyers tonight. mean to a town to have a team, a lot, right? >> it means quite a bit to lee county. officials here say the two teams that play here. the red sox and the twins are responsible for pumping $50 million every year into the local economy. that's why many experts say major league teams are able to really play off potential host cities against one another. even states against states. >> there are more communities that want to host spring training than there are major league baseball teams. the teams can ask for the moon and there is going to be a community that gives it to them. >> well, the twins here haven't asked for the moon but they have asked for $40 million for a face lift for hammond stadium which they are going to get from the county, shepard. >> shepard: who has the edge here, florida or arizona, steve? >> right now it's an even split. each state has 15 teams but arizona is luring more and more away every year. something florida's governor says he vows to stop. arizona does have the

meyer. >> i'm looking at casualty insurance grape. travellers. xl group. >> steve? >> verizon.till think it's solid. >> have a great weekend. "power" starts right now. >> this is a special edition of "power lunch." one tough week. it's been a rough seven days for many of the biggest names in business. and the biggest names in washington. >> he has got to go. >> jc penney's ron johnson fighting for his ceo ship and courtroom battle against macy's. the prize, martha stewart? >> you don't like it, you're fired. >> will he be next to hear -- >> you're fired. >> then bill ackman. vanity fair going after him. and his drive outside of the office. oh, and washington. >> a shame our republican colleagues have decided to protect special interest. >> how much more money do we want to steal from the american people. >> the uncertainty is already having an affect. companies are preparing layoff notices. >> a special edition of "power lunch," one tough week, begins right now. >> and welcome. i'm scott wapner in for sue and tyler today. this is a "power lunch" like you've never seen before. a

steve liesman joins us right now with larry meyers annual fed power player awards.t of fed speak. >> that's right. you may think i'm into the fed minutia. larry meyer brings it to a whole new level looking at every speech on monetary policy given by one of the fomc members and chronicling how much it moves the ten year. used to be the two year but because it doesn't move anymore he had to move it to the ten year. richard fisher from dallas, 22 speeches. almost off the charts if we stopped it here relative to everybody else. bernanke at just 12. this does not include his press conferences in there. williams from san francisco, dudley, 11 and leff lacquer who seems to make a lot of news but only giving ten speeches. let's look at the next award that larry meyer gives. the total absolute chance, bernanke moves it 18 basis points over the course of his 12 speeches. dennis lockhart from atlanta coming in second. doesn't strike me as one of the more influential guys but apparently the market is really listening. richard fisher next. dudley, bullard, lacker and williams. n

meyer's moves. does this rally continue in yahoo? take a look at that cho rt. on the technical side is carter worth and steve cortez.to see you. >> thank you. >> carter, what did the charts say about yahoo? how does it look? >> we love the setup you had a stock that was dormant. and only ten buys out of some 45 analysts, no one's paying attention. then it's off to the races here. it's got people caught offsides. stock is strong here. and it's only outperforming the market but big tech in general. if you look at the short-term chart. importantly from its high of up to 40 back in '06, '07. this has turned the corner. it's got all the hallmarks of a period of strength. it's not likely to be ending any time soon. >> so you think it goes from strength to strength? >> yeah. >> what do you think steve? >> in recent weeks we've had an incredible run. i think for long-term holders to get out of this. if we'd take that chart back further, we'd see this stock topped out at $125 more than a decade ago. >> as did every major tech stock. unlike a lot of tech stocks which have recovered, it is trading where it was 15 years ago. if

steve anderson. let's send it over to josh lipton once again for quick market flash. josh? >> mandy, headlines to keep you updated on. dow jones reporting that bristol meyersge possible acquisitions. considering deals for biogen and shire. dow jones saying bristol meyers continued to explore potential acquisitions. we will keep you updated as we get more news. mandy, back to you. >> thank you very much, josh. >>> british government is selling wine at about $7500 a bottle. to cover the cost of maintaining the country's official wine seller. which contains, by the way, more than 38,000 bottles. but another brit is making big money on wine, not by selling it, but by taking it as collateral for loans. veteran wine drinker, jane wells, reports he is making lots of dough off that, right, jane? >> i don't think there is any merlot in there but he has made lemonade out of lemons or wine out of raisins. he found a a revenue stream against wines around the world. >> close of a hundred thousand pounds worth of wine here. >> burton's company, makes loans for 35% of the market value of the wine put in hawk. he made 200 loans totaling $30 million. interest rates on thes