we're going to take you there live. it is just too dangerous to fly in many parts of the american west. we begin though with the markets, and that means sue at the nyse. hi, sue. >> hi, ty, and the markets are very hot here today. here's where we stand at 1:00 p.m. wall street on day one of the second half of 2013. the dow up 152 points on the trading session. the s&p is up better than 1%, up 17 points, and the nasdaq is up 1.33%, up 45.5 points. the russell 2000, the leader of the pack in terms of percentage gains, a 1.5% gain on the russell at 992.80. in terms of the gold market, after a very difficult first half, that's an understatement, we're up 34 bucs or 2.75% in comex gold. brent crude is now traded up .66% on the trading session and in terms of interest rates, the yield right now on the ten-year is just below the 2.5% mark at 2.48%. we have you covered up and down the street. bertha is manning the station at the nasdaq, sharon at the nymex but we start with my partner here on the floor, josh. bulls a really nice start to the second half? >> you see big gains, blue chips up triple digits and the s&p tacks on another 17. if you look inside the broad gauge, what's really working? for one it's the industrials, names like tyco, masco, kansas city southern and also the materials, a sector that's been challenged by collapse and commodities but today it's work. international flavors and sealed air helping to lead the way higher and finally here on the financials, really dominating today's list of new multi-year highs including wells fargo, capital one, mnt and sue back to you. >> thanks, josh, see you a little bit later in the show. up to kayla tausche who has our market flash. >> we're watching zynga shares spiking in the last 15 minutes so in an all things "d" report that says the president of microsoft's interactive entertainment yunt done matrich behind the xbox is close to taking a top job at zynga. the articles speculates it could be the ceo job. zynga shares at $3, far below the $10 ipo price so no doubt shareholders want to see new blood in at zynga. back to you. >> thanks so much. to bertha up town at the nasdaq and the big movers there. hi, bertha. >> the market seems to agree with onyx rejecting a bid from amgen. some of the other in biotechs moving up. biotech the best performing sector. another winner, alexion with some positive data on one of its drugs. it was granted orphan status and also big tech as well on the move. apple today up 3.5%. reports say it has filed for an iwatch patent. watch that. google recently seemed to be interested in perhaps having one of those dick tracy watches as well. sue? >> can't wait for that. thanks, bertha, very much. a rebound in the gold market today. a reprieve, if yill, for the bulls. sharon epperson is tracking commodities action over at the nymex. hey, sharon. >> bulls should be very happy, though there's still an overall bearish sentiment to the gold market. we have seen prices bounce today. many traders saying it's more on short covering after gold prices fell to the lowest level in n r nearly there years, below $30 and the fact that we're seeing a gain is something that the bulls are taking as a win in their couple for the session. continuing to watch as well what happens in the oil market because one of the factors that may be supporting both gold and oil are the protests in egypt, and traders are watching that very carefully. could we see oil prices continue to march towards $100 a barrel in the u.s. well, a lot will have to do with geopolitics. egypt one factor and syria another country they are watching closely and a third of the global oil supplies coming from the middle east, a big reason why there's concern that if these protests spread we could see an impact on oil. back to you. >> sharon, thank you very much. and those geopolitical jitters is one of the factors affecting treasuries. we did see a little bit of an in flow into treasuries which took the yield down below the 2.5% mark which is what the market has been fixated on. 2.48%. a good amount of money poured out of eat of it and mutual bond funds in june, nearly double the amount pulled out of bond funds at the height of the financial crisis in october of '08. piper jaffrey senior technical strategist is craig johnson. his charts tell us where we're going, and it seems to be up, up and up. nice you have to here, craig. welcome. >> thanks, sue. thanks for having me. >> you know, it's interest to have you have such a bullish scenario. we had abigail doolittle on just last week, and she has a relatively longer term bearish scenario what. are the technicals telling you that lead you to such a positive forecast? >> well, sue, we've been bullish since last october, and we continue to remain burlish. we think the stock market is ready to make new highs once again. we continue to see money flow coming out of fixed income and coming back into equity funds, and with our charts we continue to see the economic sensitive sectors of the market such as consumer cyclicals, industrials and financial continuing to show many constructive longer term charts. we remain bullish. looking for 1700 this year and 2000 next year. >> you know, a lot of people say though, craig, that we've had the lions share of the gains in the market which have been pretty spectacular, depending on whether you're looking at the dow or nasdaq or s&p. they have all had a very stellar performance. what kind of trading do you think we'll have in the second half of the year? how much volatility do you think is ineernt in trying to achieve those levels that you gave us. >> sue, there's probably stepped up volatility as we enter q3, but when you look at, when you've had a positive january barometer year, positive 5% in january and then a positive 10% in the first quarter, typically we've seen more than 75% of the time the entire year is even higher than we were at the end of q1 so i think the odds will pretty much in our favor that the market will trade higher from here. >> you know, the gold market, craig, if we can touch on that in the minute we have left, we're getting a relief rally to a certain extent today, and last week we saw an article saying that central banks were in biographies gold stocks at nearly a record level. does that indicate to you or do you charts indicate to you that we're in a bottoming formation in gold or not yet? >> sue, absolutely no. i think what we'll see in gold is we'll see a little bit of a relief rally perhaps over the next several weeks and then ultimately i see gold continuing to work its way lower. our price objective for gold over the next 18 to 24 months is about 1,050. >> craig johnson, thanks so much. pleasure talking with you. >> thanks, sue. >> ty, up to you. >> time as we always do or usually do on monday to analyze the analysts. a lot of calls coming out, and our man as often is jim yorio. we believe the positives are largely priced in following notable outperformance. the stock is up 18% this year. do you agree with this downgrade, jim? >> yeah, i definitely agree with the downgrade because what they are saying is we don't hate the company, just had a nice run. what's very interesting to me about this is it has a very high correlation to the s&p so it basically trades along with the broader market, but let's just pretend for exer size sake it trades advisory, it has high exposure and leverage to the global markets and those look iffy. >> morgan making a call on pandora. they believe, quote, it's the best pure police exposure to the secular shift of radio dollars to online channels. career to date, the stock more than doubled and today up more than 8%. do you agree with this upgrade? >> i don't. i disagree with the upgrade and here's why. as of friday's close it had rallied 28% in four days. now, tack on whatever it did today. to me that's too big a run too quickly for me to say, yeah, i want to buy that stock. i would never touch. now, they have cleared some hurdles in the area of could be tent and the area of advertising recently which makes the long-term story look okay. however, it's the kind of thing if it gets too profitable, expecting things like apple which have already made inroads, to try to crowd them up, i don't really love them. >> it's up more than doubled so far this year. well, let's move on to the last one, mkm partners upgrading big lots to buy from neutral on, quote, coolers, comparison, management changes and valuation. past years, shares down more than 20%. there you see them, down 21%. what do you think of this one? >> i agree with the call. i'm very cautious on the agreement, too. now what they have based it on is the government's snap program. they are starting to trade food and i can't argue with that, that seems found and it has been knocked down pretty good so from a valuation standpoint seems okay. settles above 3210 that's what i'm most interested in. 1715 on the down side, a formation it could be breaking out and does have a history of downside move. a little more cautious. >> two agrees and one disagree. jim iuorio, great to see you. >> thanks. >> vladamir putin saying a short time ago russia will never hand nsa leaker edward snowden back to the united states and said u.s. intelligence agents were not working with him if he wants to go away somewhere and someone wants to accept him, by all means and then this item. the u.s. is accused of spying on the re-u. eamon javers is live in washington with the details on that. eamon? >> hi, sue, sure a lot of spy news out there today. both president vladamir putin and president barack obama of the united states dealing here with edward snowden fallout. first, as you say, putin saying that they will not extradite snowden from russia, confirming at least in some people's mind that dismissing the suspicion that snowden was in fact a russian agent, putin saying, no, he's not a russian agent but he would say that. here's exactly what vladamir putin had to say about edward snowden just now. he said if he wants to stay here, there is one condition. he must stop his work aimed at harming our american partners. as strange as that sounds coming from my lips. now president obama meanwhile is on an african tour, and there he was confront by reporters with new reports that leaked out over the weekend in "der spiegel," the newspaper in germany, those reporters kwoegt an edward snowden leak to them saying the united states had bugged eu offices and that the nsa was spying on eu officials as they were engaging in trade negotiations. now here's how the president of the united states responded to those claims. >> i guarantee you that in european capitals there are people who are interested in if not what i had for breakfast at least what my talking points might be should i end up meeting with their leaders. that's how intelligence services operate. >> so, sue, you can see there the president not denying this report that the u.s. has been spying on its european allies, but the president said he'd have to check into this issue and would get back to the europeans with all the new details he has for them. sue? >> thank you very much, eamon. right now it's about 7:15 p.m. in cairo. crowds are gathering this again in the main square. earlier in the day mobs attacked office buildings including the headquarters for the ruling muslim brotherhood in cairo. millions have been protesting the rule of mohamed morsi a year after he took power. today the army spoke up. nbc's experienced producer in cairo outlined it for us. here it is. the armed forces said that the people must be addressed. they gave a 48-hour deadline for the government to respond to demands of the people, and if nothing is done in 48 hours, the armed forces will spearhead the creation of a road map to move forward, and they will oversee the execution of that road map. more now live from cairo. yusef, good evening. >> reporter: sue, it's difficult to start with all the noise in the background, but this is the reaction. it's been an incredible and dramatic few hours souns the military came out and people behind me in the iconic square where it all happened two and a half years ago are joyous and are celebrating and are chanting. the people and the army are one. they are calling on president mohamed morsi to step down and to leave. this development potentially breaks the political deadlock. the political scene has 48 hours to figure it out and if they don't the military will put down a road map. of course, the military was instrumental, if you remember, in the ouster of former president hosni mubarak. they have a very special place in the hearts of the egyptians and that's what they are celebrating. we saw gunship helicopters hovering over tahrir square with egyptian flags, and it's difficult to describe the reaction and the atmosphere that we saw basically, buildings shaking and keep an eye on the space, and this is a very important development. we'll have to see whether the politicians get it to go. sue? >> indeed, we will. yousef, thank you very much. stay safe out there. a tragic story out west. 19 fire fighters have been killed, battling a raging fast moving wildfire in arizona. they are also battling triple-digit temperatures as is everyone else out west, and it is so bad that flights have been cancelled because it is too hot to fly. jane wells is live in las vegas with more now on how the extreme heat is impacting the economy there. jane? >> yeah, sue. we'll up next talking about one business doing well is this today. they are saying right now at about 10:15 it's a little over 100 degrees. we've got about 102 according to this. up next what utilities are saying and why warren buffett is paying attention. that's after the break. welcome back to plufrm i'm kayla tushie at the flash desk where we're keeping an eye on tyco, up on the plaque of a morgan stanley upgrade. analysts say $39 is the new price target there. they believe tyco will benefit from an uptick in commercial construction, especially abroad. tyco is based in switzerland, and its products range from video surveillance to fire detection to other sorts of security products, so if businesses do build more abroad, morgan stanley believes tyco could be rights higher. back to you. >> thank you very much. kayla? >> 19 fire fighters, part of an elite fire fighting team, have lost their lives trying to battle a fast moving wildfire in arizona. authorities believe a lightning strike cause that had fire in yarnell 90 miles west of phoenix. the extreme heat is also wreaking havoc on businesses and the economy. jane wells has that part of the story for us and is live in las vegas. janie. >> reporter: hey, sue, one heat-related death here, an elderly resident who didn't have air conditioning. there's a high heat warning here through friday, thursday night into friday. the temps here should reach 113, cooler than yesterday's record-tying 117 and in phoenix it was even hotter, 119. so hot u.s. airways cancelled some commuter flights. they weren't sure if the air was dense enough to provide lift for some regional jets. hot air means less density and hottest of all, death vale, 129 degrees, hottest june day on record there, but here in sin city so far it doesn't seem to matter. >> viva, viva las vegas. >> reporter: tourists are out. wynn resorts says it was nearly sold out and mgm only noticing a hit at the business at the pools because it was too hot. >> ordinarily in my white outfit or we go black outfit but any time it gets to 110 i try to be like bahama elvis or hawaii elv elvis. >> reporter: will you go inside at a certain point? >> probably this afternoon, 3:00, 4:00. >> reporter: does it affect the product in your hair? >> my hair rarely moves. i'm a former hairdresser so i know how to make it work. >> reporter: that guy is still out here. now, the casinos had a strong first quarter in vegas, but early numbers from the gaming commission showed second-quarter revenues on the strip down through april, at least into may. we'll see if the heat is keeping people inside at tables, not these folks coming out here or sending them out of town. i have to tell you, my flight in last night was half full, but when i went through the casino this morning at 3:30 a.m., the casino floor, it was packed. more crowd than i have ever seen at that time of day. back to you. >> well, i believe it, with all the air conditioning that they have, perfect respite from the weather. thank you, janey, very much. and if the heat wasn't bad enough public transportation came to a screeching halt at midnight in the san francisco area as bay area rapid transit workers went on strike. it came after union leaders walked out of last-minute negotiations with b.a.r.t. no new negotiations are planned yet. b.a.r.t. carries 400,000 riders on an average weekday. ty? >> shares of nokia moving higher, the company buying control of its telecom equipment joint venture with siemens for 2.2 billion. nokia has now secured ownership of a profitable business to secure its balance sheet. last week "power lunch" was the first to tell you about a lawsuit against the energy drink monster beverage. the company is now fighting back and will join us here on "power lunch" after this short break. >> "power lunch" has add you as a friend. join the conversation on facebook, ask a guest a question, make your voice heard in our polls. access behind-the scenes content from our studios, the new york stock exchange and beyond. go to facebook.com/powerlunch. with the spark miles card from capital one, bjorn earns unlimited rewards for his small business. take these bags to room 12 please. 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yes you do. you gotta take care of your baby? oh yeah! stocks kick off the second half with a bang. the dow and the s&p and nasdaq all higher by about 1% or thereabouts as you can see on that table right there. already on top of an impressive double-digit gain in the second half of the year, but can the rally continue, especially with earnings season about to start? our power play is chief u.s. equity strategist at morgan stanley. his price target on the s&p 500 at the end of the year is 1600. adam, we're above that now, so you must be thinking if i had to guess that the fundamentals aren't going to be as good as some of your compatriots think. >> well, look, i mean, we set the target several months ago, and i'm glad we got bullish and caught part of the rally but our call has been that good news will be good and bad news will be good because there will be more qe, and i think that changed last we are and i think the market regime is much different now and the difference is that the fed told you there's diminishing returns to the efficacy of their qe which means good will be good and bad will be booed. a different regime and volatile regime for this quarter and ultimate lit think the market will be higher, but i think we'll get better entry points than right now. >> so i assume what that means what the market will do in your view because you won't have qe as that sort of band-aid or makeup covering the flaws and blemishes of individual reports, is that you will have to pay a lot more attention to the fundamentals of individual companies and that it will become much more a stock pick's market. is that fair? >> yeah. we've been arguing since last january that company-specific risk will rise and it will be more of a company-specific story. i think that's true now. i think good news will be rewarded and bad news punished. remember, just a few months ago, bad news was rewarded. i mean, we had pretty awful economic data and not a very good earnings season. the market moved kind of higher so i think now it's more discerning, a more discerning tape. >> so if i read your report correctly this mornings you are lower than the consensus on what you think earnings will be for the s&p, particularly moving into -- into later this year and into 2014. tell me why you feel that way? >> well, it's a good news/bad news story. the good news is we see earnings growing again and picking up and they will be higher this year than next year and that's predicated on higher consumer confidence and wealth creation through equities and housing and underlying improving economy. i think the bad news is that the consensus expectations, some for the economy and certainly for the earnings for the company are just way too high, so i think you have to see the downward revisions from the -- from the analysts. i think that's going to be the case in the second half of the year. >> tell me where you see pockets of opportunity or special value these days. obviously there must be some sectors that you think will outperform the broad market. which are they? >> of course. the biggest overweights have been in health care and remain in health care. the more defensive stocks which have lagged recently with the threat of higher yields, health care really stands out to me. the stocks in pharma and health care services are generally cheaper than the market, more achievable estimates and returning more cash to shareholders so health care remains a top pick. on the more offensive side in terms of businesses where, you know, maybe if the economy does pick up, they are not felly embedding that recovery, i like technology and i like industrials, and i certainly like tech and industrials more than say consumer discretionary or materials where the estimates in my opinion are just way too high. >> all right. adam, thank you very much. appreciate you being with us today and look forward to hearing from you again soon. >> any time. have a great day, guys. take care. let's go to sharon because gold prices are closing now and miss epperson is tracking the action. >> that's right, tyler, looking at the final trades coming in right now in the gold market and gold prices at 1,256 an ounce, up more than $30 on the session. it's been a nice bounce after the horrendous quarter we saw for gold prices. a lot of traders say it may be more than short covering here when we saw gold prices below $1,200 an ounce last friday, some may have seen that as a buying opportunity. we have seen an increase in open interest. traders say that's one indication that there are some new buyers perhaps coming into this market. we're also watching though what's happening in terms of what hedge funds did in the last week, and that is to reduce their bets on gold rallying by about 20%, so the overall sentiment in the gold market is still very bearish. sue, back to you. >> sharon, thank you very much. a nice real for the bulls starting out this second half of the trading year. josh lipton joins me here on the floor. nyse. 160 points to the plus side. >> blue chips racking up triple digits. traders will say a couple of things, ism numbers not too strong, not too weak further cooling down the taper talk. first day of the month means new money coming in. analysts making big calls with controversial names. three of them i would highlight. one is best buy. credit kwooes with an outperform saying this is not end, barely the beginning, sue. their price target is 40. pandora, morgan stanley upgreats to overweight saying this is the best pure play exposure to the shift of radio dollars to online channels and apple, raymond james upgrades to strong buy based on valuation. they say near-term financial trends will stabilize and improve their price target on that one, $600. >> and who would have thought best buy? it was left for dead last year, right? >> absolutely, and now look at that. >> credit suisse, up 40 bucks. >> uptown to the nasdaq and bertha coombs is there following the big movers there. hi, bertha. >> top of the hour we talked about onyx and it's shopping around and intuit selling to a private equity firm saying it's healthy and it will also be on the block as it tries to concentrate more on its core tax business. meantime, netflix today leading the nasdaq 100. netflix renewing its orange is the new black original series, very much a part of its strategy. blackberry today to the downside. another 2.5% after that big plunge last week on a couple of downgrades to a sell today. tyler? >> all right. thank you very much. bertha coombs reporting. to the bond market now and mr. santelli at the cme. hi, rick. >> interesting but not necessarily in the quickest most superficial efficient way. it wasn't the headline number which by just a bit was above 50 on ism. it was the employment index under 49 that captured the market's attention. you see the volatility on that intraday charkts and if you open it up to a two-day chart it's very enlightning because thursday, friday on the closing yields and today all hovering just below 2.5%. many believe with ecb and bank of england meetings closed on thursday and friday jobs numbers on our sides, volume tilts will remain high. if you don't believe me, look at the straddles for the treasury complex that go off on friday. they are running a definite rich. look at ten minus two spread and talking about speechning, a little less than two years, want to pay attention to that, but maybe the most important chart, a little over a three-year high on the zone. trading our tens versus european tens in the mid to upper 70s. sue, back to you. >> thank you very much, rick. appreciate it. you're up to date on the interest rate curve and the bond market. last week "power lunch" first told you about a second wrongful death lawsuit against energy drink-maker monster beverage. the family of a 19-year-old filed that suit and an earlier suit was filed by the family of a 14-year-old girl. monster trades at the nasdaq, as you know. the stock is down since last year when word emerged lawsuits were possible, but the stock is actually up 8% just in the last week. last week we had one of the attorneys handling those cases, and we had asked for monster to provide their ceo. they have given us dr. bob arnott, a former nbc news medical correspondent hired at the start of the year by monster as a paid medical consultant. good to see you again, bob. it's been a while but nice to have you with us. >> hey, sue. it has, great to see you. great job. >> good to see you, too. are you confident that these drinks are safe? >> sue, that's a good question. i don't determine that, it's the fda that determination that. all of the ingredients, the amounts are generally recommended as recognized as safe as defined by the fda. the reason monster reached out to me is i'm a performance at least. i complete in stand-up paddling races and bike races and i've used energy drinks for the last ten years. i don't have any concerns about them personally but, of course, i don't endorse them. >> right. >> but i have no problem with them and with my own kids i've gone over the label and allowed them to make their own decisions. >> you were on dr. oz's show and basically he was saying that he wasn't comfortable with those energy drinks and that you said you wouldn't give them to your kids. here's the clip. take a listen. >> i feel passionately about them. i do not endorse. wouldn't give them to my kids. >> neither would i. >> yet you say you've been over the labels with your kids. do your kids drink energy drinks, and have you changed your stance since you were on mehmet oz's show? >> you know, kids, they are 19 and 25. i don't recommend them for kids. you know, monster energy from the time, the time the very first can rolled off the assembly line said there's enough data. we don't sell them to kids, don't recommend them to kids and on the label it says not recommended for kids, so kids are off the table, you know. they have never marketed to kids and they don't believe in it. now adolescents is the key issue, what about adolescents? i spoke to the key of marketing to monster. they said it's death for our marketing to be aimed at adolescents, like marketing shirley temples to nascar drifrmts we have a very kind of edgy cut never, punk rock, exgames and for us to market to teenagers would basically destroy the -- >> let me push back on that a little bit because the contention of attorneys and some in the medical profession is that basically they -- they do start marketing to these kids younger so that they basically then continue drinking the drink when they become those elite athletes, when they become the 25-year-olds, that they start them early even though perhaps they are not directly marketing to them. that is a key demographic that they want to take all along. >> well, i mean, it's a very good point. again, they are not marketing to them. if you look at amount of energy drinks drunk 6-12, 4% of the total caffein intake, 13-17, only 7% of their total intake. now there is a thing called a monster army and they are supporting young athletes and support young athletes in my town, down with a parent's written permission and they are not given any product and not encouraged to drink any product. i do think you've hit the nail on the head. the question is what about this adolescent audience? a lot of attention paid to it and whether there needs to be more regulation or not. monster will certainly abide by whatever guidelines are provided. >> you would say there's no merit to the san francisco lawsuit that's being filed that does claim that monster is actively basically marketing to adolescents and children? >> look it. i'm not a lawyer. i did take a look at it. listen, i admire herrera, been a great public advocator. from this point of view he's wrong. he doesn't have the authority to ask monster to reform late their beverages. you mentioned the two lawsuits and i want to get to them. first of all, if you look at the fournier cases, let me tell you, these cases rip my heart out. sudden death in a young child, too awful to even imagine but in this particular case i've gone over with this with a senior cardiac pathologist from ucla. it's myocarditis that caused the death and if you go to the website there's no link between caffein and a link from myocarditis as all. there's no medical experts in there, a conclusion drawn by this plaintiff's lawyer and in this particular case when you look at it, they are alleging by drinking two 16-ounce cans over the last three years that this caused cardiomyopathy. absolutely wrong. cardiomyopathy may be caused by genetics or high blood pressure, alcohol or what not, just not caused by caffein, just plain wrong. roughly 40% of them do die suddenly and, again, caffein is not a link so an interesting case but really no scientific merit. finally, you know, there have been eight deaths total out of 9 billion served. that's a 1 in 1 billion chance of even having a connection, even though we don't think there's a cause and effect, less likely than getting struck by an asteroid or strike of lightning. >> as we wrap things up, one of the questions i asked the attorneys because we had them on last week is what is it that you want from monster, and one of the things, among a number of things that they said they wanted, was a warning label on the can. would you advocate for that? are you advising monster to consider that so that perhaps those who did have pre-existing conditions might smartly avoid the drink and those who want the drink could read that and make that decision on their own? >> it's a very good question, sue. just to be very clear. monster is not paying me as a spokesperson and not paying me to say anything or tell me to saying anything, complete free hand in looking through the data and the scientific articles like from the academy of pediatrics, just scientifically unfounded, a lot of miscellaneous facts. you need a serious epidemiological study to look at it. no cluster of cases at this point. to answer your question right now on the label it says not for people sensitive to caffein. list inn, i'm sensitive to caffein. if i have, you know, more than one energy drink or more than two cups of coffee i get a little anxious. i'm not in the world's best mood. we all have various tolerances to caffein and that's important to know, but on the label right now it says not for children and not for people who are sensitive to caffein. >> all right. bob, thank you. good to see you again. thanks for joining you. >> good to see you, sue. thanks so much. >> kayla, up to you for a market flash. >> thank you, zhu. looking at zynga sill on the move, there's reports that done matrich could take the ceo role, shares up 12% coming down to 9.5% at 3.05. did reach out producer and the company declined to comment on the report but the report did say that matrich could be named to the company as soon as today. sue, back to you. >> it's terrible. interest rates on student loans doubling today while many americans are still struggling in this economy. ceos are sitting pretty. their pay soaring double digits. the staggering numbers when we come back. and what do you think, are ceos worth the millions they are paid? go vote at finance.yahoo.com. we'll give you the answers when we come back in two. out there owning it. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, we'll give you the answers when ♪ ♪ ♪ ♪ ♪ [ male announcer ] the all-new 2014 lexus is. this is your move. welcome back to "power lunch." check out shares of wrc worldwide. it's a trucking company. had a price target of $40 and a buy rating. analysts said it's speculative especially sin the company almost went belly up in 2007 and also said that health in the sector and the company could lead it to recapitalize its balance sheet which could be a high reward situation if you have the stomach to invest. >> scott london formally pleading guilty to insider trading about an hour ago, the former kpmg partner who gave inside information to his friend brian shaw. the judge told london he could be sentenced up to to 20 years and face a fine up to $5 million. cnbc caught up with him right after the hearing. listen in. >> not even close to that. i made a mistake to that. i did something wrong, and i'll -- i'm paying the price for it. you know, i just don't think that you can always control the human element, and this was a human element. >> sentencing is set now for october 20-2-1st. the judge also said a plea doesn't guarantee that he will be lenient in sentencing. well, last year was a good one for shareholders and also a good one for ceos and their pay. mary thompson knows the details. hi, mary. >> reporter: hey there, tyler. a 13% gain in the markets behind a 15% gain in the average pay of a ceo is a big company, this according to an updated study done by the compensation firm. larry ellison claiming top spot. oracle's founder pulling down $92.6 million, 24% more than in 2011 even at the shareholder total return fell by 22%. robert cotech of the video game maker act vision grapping the number two spot and shareholder shares falling but his increase in pay helped by a stock grant. third and fourth on the list, two men with pay cuts jumped 42% and 55% respectively. les moonves pulling down 12% than the last year and david zaklav 5% less at 50 million. median pay rose 16% last year to 15.1 million and the company's net income rose an average of 63%. the average total shareholder return rose 24%. the pay increases of the ceos reflecting the higher values of big stock and option grants given to these executives. the median value of the top 200's equity holdings, a hefty $51 million. sue and tyler, back to you. >> mary thompson, thanks very much. the question of the day, are the ceos worth the pay? 7% of you say yes. the pressure is immense and 29% say it should always be tied to the stock price and 64% said nobody is worth millions of dollars a year. sue? >> tough crowd out there today, ty. all right. the price of admission. interest rates on student loans doubling today. we'll tell you what it means for those finalizing loans for college this fall. that's coming up next. the dow is up 130 points. wall street's closely guarded secret, the bond market is revealed oint active brokers traders work station. interact with live bond quotes, screen the universe of bonds with your criteria, invest in them and borrow against them at less than 2%. trade them or make a market in them. interactive brokers, stocks, options, futures, bonds, worldwide from one account. you make a great team. it's been that way since the day you met. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. coming up top of the hour on "street signs," the full second half playbook from stocks to bonds and gold, metals and technologies and everything you need to know and as we watch the protests across our screens in egypt, what does it all mean for you in the money angle on egypt coming up, and also what much loved iconic consumer electronic made its debut this day all the way back in 1979, and what has its stock done since then? got to tune in to find out. all those things and many, many more coming on the top of the hour owns signs. meantime, back to you on "power lunch." >> we'll see you at 2:00, mandy. thank you very much. interest rates on student loans doubling today after lawmakers failed to find a bipartisan solution. half. on pearson joins us from washington with the fallout on this. hi, hampton? >> reporter: hello, sue. senators left town before figuring out a plan to letting loan rates on doubling today. more than 7 million college students are expected to take out subsidized stafford loans in the academic year. starting today interest rates will double from 3.4% to 6.8% on all new loans. last-ditch efforts by two groups of senators fell short before the senate recess. a bipartisan group calling for a long-term fix to all the federal student loan rates tying them to interest rates and tying them to the d-bill and leading democrats pushing for a one-year freeze keeping rates at 3.4% with time to craft a big picture fix. now earlier today on cnbc vermont independent senator bernie sanders talked about student debt and its impact on the overall economy. >> people graduating from college on average, $27,000 in debt, huge impact on their lives, unable to buy home, unable to buy cars, really struggling and now what we say to this entire generation is we're going to double your interest rates. i think that is totally absurd for the middle class of this country and for our entire economy. >> now the democrats say senate majority leader harry reid has promised a vote on the temporary freeze making it retroactive when the senate returns next week. a reid aide, however, says it's likely but not firm. student loan debt in the first quarter now stands at $986 billion. that's an all-time record, and it's not just students and 30 somethings. federal data show the 60s and older, boomers, owe more than $43 billion. >> sue? >> i know a fewer of them. thanks so much, hampton. appreciate it very much. we have a bullish day in the marks, and a slight drop in the markets. the nasdaq up 41 points and the s&p up 14. the ten-year yield is down to 2.48% on the trading session, and the transports are confirming the move in the dow with the transports now up 83 points on the day. 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[ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ welcome back to "power lunch." i'm kayla tausche at the market flash deck. we're watching shares of steinway, the piano and instrument-maker. it's up about 16% intraday on news that a private equity firm is planning to take the company private in a $438 million cash deal. that's roughly $35 a share, which is a 15% premium to steinway's last close price. it is trading a little bit through that offer but not by much. it looks like there is still some value or some interest at the very least in an old piano operator. >> music to investor ears, no pun intended. up 16% today. thanks, kayla. a federal appeals court throwing out a lawsuit against google's plan to create the world's largest digital books library. ford agreeing to fix sticky throttles on nearly 468,000 old taurus and mercury sable sedans. ford says the throttle cables can be damaged or disconnected during maintenance and billionaire activist carl abdul qadeer khan says he's secured a $5.2 billion in financing for his dell buyout offer. mr. icahn will be a keynote speaker at cnbc and at the third annual differing alpha conference in new york city on july 17. the new quarter has the second half beginning with a bang. a nice rally on wall street. we have the biggest winners coming up next. ons platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. 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[ male announcer ] usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection and because usaa's commitment to serve military members, veterans, and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. we still have a triple-digit advance in the dow jones industrial average, but we are well off our highs of the trading session as the rally begins to pull back just a little bit. the dow is up 116. the nasdaq is up 37, and the s&p 500 is up about 13 points on the trading session. the ten-year yield has been holding steady at about 2.48%. biggest winners include walt disney which is up better than 1%. autonation which is up almost 4% and vertex pharmaceuticals which is up 1.66%, and in terms of the ten as i said, 2.48% is where the yield has been holding. that's down below that key 2.5% that was stubbornly stuck in last week's trading session. transports confirming to a certain extent. the move in the dow, off our best levels in the transports, too, up 77% at 6251.30. ty, interesting to see how the afternoon fares. i haven't seen anything fundamentally take the market off its highs. >> does seem like it's gotten a little squishy there along with the weather in the eastern part of the u.s. >> oh, please, yes. >> could only wish for the kind of rain we're having here out west where they are fighting those wildfires. >> yes. >> that would do it for this edition of "power lunch." thanks, everybody, for watching. >> we'll see you tomorrow. "street signs" begins right now. and the bulls are in charge as we kick off the second half of the year. well, today we get down to all the basics and sort through each sector to see who is going to be the breakout star. will it be stocks? will it be bonds, gold or maybe even tech? heat wave, reare deep in record-breaking heat out west, and we're going to show you how this severe weather, everything from your flights to the life and toys of summer, the one thing that you'll be seeing a lot of on the highway this summer, and guess what? a little bit of trivia time as well, what