Image problem for gm. A new widely watched Industry Survey ranks gm the worst automaker. First to sue at the new york stock exchange. And we have a rally on the street, ty, the dow hitting an alltime high. Dow jones industrial average last traded up 92 points. We have been up triple digits several times during the says. Transports a new alltime high, a 1. 5 up for the trannies. The s p 500 intraday high up, nasdaq is up almost 1. 5 , so the transports outpacing it on a percentage gain, but not by much. A tenyear yield is down to 2. 64 . Bob pisani is here to gives you the trading action where the bulls are firmly in charged. Its an why are we you will today . We shouldnt be up. They hate this rally. Let me give you three or four reasons. Theyre very curmudgeony today. Theyve been that way for years. The biotech names, the nasdaq, internet index, a lot of shorting going on in that space when this kind of move happens, 2. 5, 3 , you get Short Covering going on. Theres been concerns about cajun spreading from the russell 2000, a lot of bears are saying barons are down, Home Builders are down. S p is up over 1 , but the retailers have suffered. That is true. Thats a sort of concern, but today thats not happening, either. Banks and Home Builders, retailers, all on the up side. That sector is up today, 1. 5, everybody is up more than 1 pshz. Tenyears yield, when we drop below 2. 6, we have problem. When its over 2. 6, the market seems to behave better. Finally, sue, china and india have had two great nights. Over 2 for shanghai. Bombay is up, the elections are over there. We havent got the results yet, but mod the opinion polls indicates that modda is in the league and hes perceived to be market friendly. And economically progressive. Thank you, bob. See you in a little bit. Almost a 1. 5 gain for the nasdaq. Right now up about 57, almost 58 points on the trading session. Seema mody is uptown, following the movers. Good afternoon, sue. Markets are in rally mode. The nasdaq is the clear outperformer, up about 57 points on the day. This has skeptics continue to stay on bubble watch. Three specific sectors pushing the nasdaq higher. First internet stocks, bob was mentioning those as well. Some of those largecap names, google, yahoo, ebay, which have been under pressure, rebounding today, biotech also a sort of strepgt, though jpmorgan wrote that sentiment across the sector remains quite fragile, and an underwhelming First Quarter earnings season. Social media also a bright spot. Twitter which has been under pressure as of late. Its recent lockup expiration, today suntrust upgraded the stock to buy from neutral. Also skm upgraded pandora. Lastly, keep an eye on u. S. Listed indian stocks. All higher across the board. Weve been seeing a rally in indians stocks on the past couple months results due on may 16th happy of them watch some of those big u. S. Listed name. The dow hitting an alltime high, what are the stocks driving it from its previous peak. Now, were looking back, what, how far . Just a month. April 4th was the last time we had an intraday high. It hasnt been that long. Remember during the time we had a couple percentage point correction. I say that loosely, because everyone thought it would materialize into something bigger, were back up to alltime highs. Its been an interesting move. A 7 pullback the first two months of the year and then were back up to record highs twice so far. If youre looking at the symptoms moving the action, since april 4th until today, a number of big blue chip names, because theyre all blue chips. 3m, one of cramers top picks, right . Up 5 in that one month and a halfish well call it. Chevron, a big move here. Mcdonalds 5 to the up side, you can call them discretionary if you want, but theyre a base Restaurant Company serving at least the mid kale the down scale side of the market, and travelers on the insurance side, best performer in the dow over the past five or six weeks. If you look at whats driving the down side, this is where it gets interested. United health group, one a real big darling, down about 5 during the course of that time. Then pfizer on the drug side, of course, headlines of them trying to maybe buy astrazeneca. Thats pushing the stock down 9 , and jpmorgan, on the bank side, you heard bob saying the banking maybe have struggled a bit. Thats one of the them. Jeff morrow morgan. Now, tyler, the interesting point about this, with the dow, remember its a priceweighted index, which means the stock that is have the biggest share prices move the most. We saw chevron, and other big names in the tripledigit realm. Ibm. But the ones, boeing, caterpillar, some names, theyve had some nice gains over the past month and theyre tripledigit stocks, which means they are helping to drive the upside performance. Appreciate it very much, dominic. Down to you, sue. Were going to continue the conversation, because stocks are rallying, the dow trading at a new high, after flirting with correction territory, just last week. So should investors, given all the market volatility trust this volatility . A fourstar portfolio joins me with ashton lake partners, and richwise, where he oversees 23 by onin assets across several fourstar funds. Great team to have with us today. Rick, im going to start with you. You were able to take advantage of the correction as the russ the 2000 flirted with that correction territory. How did you do it . We run an alternative fund to fund. A number of our managers had been building up tech stocks, biotech, so they were basically short the hype and long substance, and that paid off solidly. So what would you do in a market that seems to have turned, earnings are mostly behind us. They were okay, but of course the expectations were pretty low. Theres a couple things were looking at. Were looking at a smoother ride. A lot of smoothing the ride is key. So we actually have an emphasis on long short equities. Investors are moving back on the long time for companies with substance, companies with different growth, and theyve been tiptoeing away from the overhyped stories that have ruled the market. Rich, are you finding value in this market . How do valuations look to you . They seems to be getting topi here. Weve ridding this bull market for the last several years and continue to be positioned fairly bullish overweighting equities and other risk assets. Valuation metrics, however, now anywhere near as compelling as they one were. The tenor of the bull is changing, so we are seeing a rotation, and we are rotating our positions from whats essential a tug of war between mid cycle stocks and some of the later defensiveoriented issues. Youre also pretty defensively hedged correctly . Yes, thats right, weve been pulling back on durations more recently, taking on economic risk, but shying away from Interest Rate risk, given the probability, if not likelihood of higher rates this year. So, rick, let me turn to you then. One, do you like any area of fixed income or strictly staying away from that, even as a hedging vehicle . Well, were looking at a couple areas, we have a focus on long short credit, in the same Way Investors are distinguishing winners and lose were doing the same thing on the fixedincome side. Theres plenty of richly pride what about reits, very quickly . Reits have been fairly richly valued. Were looking at our types of related securities. A couple years ago in the u. S. We saw a big rally. We see similar things happening in europe, so were looking for those pockets of opportunity. Okay. Thank you so much. Rick and rich. Appreciate it. Lets send it back to dominic chu. Lets check out some of the big stocks, the Pinnacle Foods story, soaring on news it will be acquired by hillshire brands. Hillshire is down about 5 . But check out other packaged food companies, thinks hain celestial, annies all the moving high, rbc says the deal has a ripple effect. Investors are still watching some big flash points around the world. And Michelle Carusocabrera is here. Lets start with the ukraine where promoscow protesters are if declaring victory. Yesterdays referendum was chaotic. Clearly the counting of ballots were skeptical, but a vast majority of people vote to do join and be independent from key jif. So far russia has been sitant. Thats the key thing at this point. What is russia going to do. There has been violence over the weekend, nor does it look like theyll annex these two regions either . That makes florida look really good, man, i tell actual. There they are. All right. All right. Lets move on to nigeria, a truly tragic story there, with the kidnapping of more than 200 young girls. The latest is a video thats surfaced. Released by the girls kid p kidnappers. Boko haram has put out the video, them praying and reading from the based on the m. O. Of this group, they think the video is authentic. Theyre proposing a video swap. The girls can be traded for boko ha ram individuals who are in prison right now. And to india, the election is over. Now the counting begins. What a count that must be. More than 800 million voters. Worlds largest democracy they used to call it. And record turnout. Theyre going to start counting on friday. Theyll get it done in one day. The bottom line today is the exit polls came out, and if they are correct, because theyve been wrong in the past, not just in the united states, norindra modi would be the next prime minister. Hes considered probusiness. Thats why we seen the indian market rally pretty sharpley. As a result, thats why you see 5 over the last week. Wow, thats amazing. And in thailand, a change in regime. A mess. The Opposition Leader has actually moved into the corporate palace, but not actually occupying the room of the leadership, because nobody has actually been electioned. One newspaper declared the country as thaitanic. The reason we care about thailand, so sound unseemly about it, when it comes to business news, is theres a huge supply chain issue, we learned that in the flooding in 2011, when we saw toyota have to stop production, when apple had to slow down production, so whenever something happens in thailand, you have to see what kind of impact it might have. So far, nothing, but we keep watching. Thanks, michelle. Back to sue. Thank you guys very much. Samsung, aig, nasdaq, all facing leadership questions. Who are the next generation of Corporate Leaders out there . Well talk about that. Plus ibms ceo saying the tech giant is the stock is up 1. 25 today. What exactly is going on at but blue, a and should you be owns the stock . Its down all of those still on the dockett, as power lunch continues with the dow up 97 points at a new alltime high. F. For what reality teaches you firsthand. In the face of danger, and under the most demanding circumstances. Experience builds character. Experience builds confidence. And experience. Has built this. The 2014 glk. The engineering and the experience of mercedesbenz. See your authorized dealer for exceptional offers through mercedesbenz Financial Services. [ bell ringing, applause ] five tech stocks with more than a 10 . Change in aftermarket trading. All the tech stocks with a market cap. Of at least 50 billion. Are up on the day. 12 lowvolume stocks. Breaking into 52week highs. Six upcoming earnings plays. That recently gapped up. [ male announcer ] now the world is your trading floor. Get realtime market scanning wherever you are with the mobile trader app. From td ameritrade. Welcome back. If you think youre having a rough day, check out whats happening with core labs. Lowered both the Second Quarter and fiscal 2014 outlooks. You can see the stock has lost 19 of its value so far in trading today, so again core labs very much a focus for investors, sue. Back over to you. Thank you very much, dom. Samsung, aig, nasdaq facing leadership questions right now. What does it say about the next generation of Corporate Leaders . Insight from former medtronics ceo bill george who serves as director at exxon mobil, also a professor at harvard and bob herbold joins us, running a consultancy and serves on the board of directors at agilent technologies. What a team. Glad to have you both. Bill, i want to start with you. Lets start with sam suns. Thats such an interesting company. Theres talk of patent infringement, all sorts of issues. People are wondering whether they have the right secession plan in place. This is basically a familyowned company. Chairman lee took over from his father, now hes getting ready to pass the reins over to his son jay widely. I think its a logical transition. Hes well trained. Hes been in the job 27 years, but samsung has done an amazing job and you have to say that chairman lee is the big gates of korea. Theyve done a fantastic job competing with apple. Theyre the only ones that have. So i think you have to give them a lot of credit. I feel badly about his heart attack. Maybe he should have transitioned a few years ago, but i think it is time. Bob, would you agree with most of what bill said . Yeah, absolute ly i i would only add one element. Even when you have a seasoned insider at times, you dont have the Technology Spark that you need. There are a lot of people who raise questions in this regard, in regard to tim cook at apple. Right. But also the new guy at the top at microsoft as well, bob. Absolutely. It was a long, drawnout and very difficult decision on their part, primarily for the fact that youve got two needs with these technology companies. You need a firstclass ceo, but you need a technology leader. You look at Companies Like ibm and say, wow, hmm, this must be a tough task to line up that kind of talent, because frankly theyre struggling. Yeah, they are, and the ceo admits that, too. If i may add a comment to bob, i agree with you totally, bob. I think were seeing for that Reason Companies are staying inside. Frankly if you are a former company, i was pleased they chose him. I think Alan Mullally is one of the great ceos of the world, but hes not a tech guy. You saw what happened to your former competitors at hewlettpackard with four outsiders in a row, none of whom have proven they can master that tech giants, so boards are shifting, were seeing it very much at hps, that theyre new ceos who have gone from 50 50 outsiders versus insiders to more about 90 10 of staying inside and finding someone who is operationally sound. Bob, ill get your take on aig. Bob benmosche inherited an extremely difficult situation and any extremely large company. He has managed to right the ship quite nicely. Umhmm. When you see these bankrupt companies, they almost have to go to the outside to bring in fresh blood. General motors did. The outsider, if he does it well, even lou at ibm, i think its important that that he prepare the insiders credit bob for preparing to competitively compete for the job, but boards are pressing upstream. We need the candidate rather than waiting until the last minute. I think its very wise, and its a good trend. Bob, if i can finish up with you, on the nasdaq it appears as though they are going to the outside, and they are starting a little earlier than some people thought they would to bills just previous point. Yeah, absolutely. Its a very, very different task. You not only have to get a good ceo candidate, you have to have a person that you judge can adapt to the culture quickly, can learn the customer set, can learn the industry set, can gain the confidence of the peers and subordinates. There are a lot of dimensions and consequently risks to reaching for the outside. Thats why i think bills statistics are bearing up these dates. Its a very risky proposition. Adina friedman has two years in advance to take a look at the business. Thats an interesting business, because its a Financial Services business, but very much a Technology Business as well, so it kind of fits in along with the samsungs and microsofts of the world. Guys, thank you so much. Appreciate it. Up to you. Sue, thank you. One u. S. Automaker making a bit after comeback while its rival takes a beating. Phil lebeau has the story. Good news and bad news for the big three or at least two of the big three. Chrysler reported earnings thor, meanwhile, General Motors continues to struggle, this time on the supplier front. Well tell you why one survey gave gm a poor rating. That story when power lunch returns. Honestly, the offseason isnt really off for me. Ive got a lot to do. Thats why i got my surface. Its great for watching game film and drawing up plays. Its got onenote, so i can stay on top of my todo list, which has been absolutely absurd since the big game. With skype, its just really easy to stay in touch with the kids i work with. Alright, russell you are good to go alright, fellas. Alright, russ. Back to work fame, makes a man take things over fame, lets him loose, hard to swallow fame, puts you there where things are hollow the evolution of luxury continues. The next generation 2015 escalade. Fame man speaking chinese thats keeping you from the healthcare you deserve. But if healthcare changes, if it becomes simpler. If frustration and paperwork decrease. If grandparents get to live at home instead of in a home. The gap begins to close. So lets simplify things. Lets close the gap between people and care. Welcome back to power lunch. Check out whats happening with a few of this is solar stocks, they rise higher, as rate changes specifically that any structure that provides a Utility Service and is purposely built for a particular building qualifies for a status as a Real Estate Investment trust. Northland capital says it believes Solar Systems off some of these companies could qualify. Tyler, because over to you. Very interesting. Some good and not so good news. Chrysler reporting strong numbers in the First Quarter. Phil lebeau joins you from chicago. Details please, sir. Tyler, chrysler is on a roll right now. Full earnings last week. Well, today it was strictly the cry her numbers. Overall chrysler reported a profit for the First Quarter when you exclude special items, as it continues to restructure, but excluding those, they posted a profit of 486 million. Look at the increase in revenue. Up to 19 billion. Really on most metrics, chrysler is on a roll. Market share compare that with a 11. 7 in the u. S. Jeep sales, that is not a misprint. Up 46. 5 this year, the market overall is up maybe 5 or 6 , worldwide sales up 10 . This is all a number of factors that have put into the reasons why fiat, if you look at this chart, yeah its fallen over, but if you look at that chart, a lot of people are optimistic, fiat, they have a number of challenges, but a number of things going their way. Lets switch to General Motors, of course, battles that recall crisis, now another image problem on its hands in the form of a new survey. What are the details there . Its an annual survey done by planning perspectives. Basically they look at all of the suppliers in the auto industry. There are how thousands of them. They survey them on everybody from how well do you work with the auto makers, how are they in terms of handling intellectual property rights, and the latest results from 2014, the top three were the japanese auto makers, the bottom three, there you see them, forechrysler, dead last, General Motors, the only one of the big six there, if you will, that got a poor rating. Now the japanese auto makers, theyre doing a better job of working closer with u. S. Suppliers, and they also have relationships that last longer. So thats a big difference. Theyre really starting to accentuate that difference right now when it comes to the differences in the suppliers with the big three versus the japanese three. Take a look at shares of toyota versus General Motors, generally moving in tandem with each other. The important thing to know, when you look at the japanese auto makers verse gm and the others, they have half the number of suppliers of gm and ford and chrysler thats why theres more issues for the big three than the japanese auto makers dont forget to tune in sunday night for cnbcs special record called failure to recall, investigating gm. Sunday may 18th at 10 00 p. M. The gold market had a bit under it, tyler. As prices go into the close, a bit of a bit, up 8 on the gold market, silver is up better than 2 , as is copper, so those are the two leaders of the pack, and palladium is up almost a full , so there is some action in the metals markets today. The nasdaq has been of the three major indices the biggest percentage womener today. Lets go back to seema mody. Hey, sue respect thats right, we are seeing this resurgence in the tech sector. Thats whatsthe nasdaq outperform. Of course, the big question s. Does this set the tone for what to expect later this week, a flurry of so that should help clarify or engage Investor Sentiment when it comes to tech. In terms of whats driving the nasdaq, take a look at shares of apple, obviously in focus. Merrill lynch analyst scott craig said that apples acquisition of beats for 3. 2 billion is expensive and out of character. So thats one sales analyst providing his commentary in response to that reported deal. Largecam names like google, yahoo, amazon, rebounding today. Weve been talking about the biotech index as well. Is the ibb up about 2 , social media also in the green. Those two stocks on the move as well. Sue and tyler . Thank you, seema. Let es go out to chicago. Rick san telle, covering the currency market, the bond market and almost Everything Else for us today. Hey, ricky. Dont we love all the markets. The tens up several basis points. Now, before i get to the next chart were at 11. Aweek highs on the yield. Lets also include the dollar index, so you see when the last time tens were up, not that long ago, but since the ecb meeting, it seems the dollar index and Interest Rates are normalizing a bit. We want to Pay Attention to that. Back to europe. Over the last several days, we could see that its widening again. The tenyear wide is around 120, 121 and open a chart up to ten years, were hovering just several basis points below that figure. This really is whats valuing much of the long end in the u. S. , a relative value trade, because our yields are so much higher, 9 1 2 years higher to be exact. Tyler, back to you. Rick, thank you very much. Ibms ceo says the company has hit a rocky patch, but is notice poised for growth. Should you believe her . Should you be in the stock . We will tell you how to play that one. Speak of playing, hes a hunter equestrian, and parent he plays ice hockey, too. Russian president putin have been an epic game. Guess how many goals he scored . 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We have a tripledigit advance, were up 102 points, the dow and trannies, up 126 points at this point, hitting alltime highs this morning. Bob pisani and Kenny Polcari are here with me. We were curious about what forced it, and what forced with was the lack of the crash after that vote, the lack of bloodshed, the lack of an outofcontrol situation. It gave people a sense, the market already knows it and. Yet. The market is very accustomed to it. Theyre talking about expanding the chinese. That will help. Any kind of stimulus, anything they talk about over there really helps move things. Were seeing stability now, like biotech, the index is much more stable in the last two weeks. Youll see a few moving up and down, but its more stable. Bank stocks heading south, a little more stable now, retailers stocks. Just the enter net space. But banks, Home Builders, retailers are separate groups. Thats when you start to see big retailers Big Bank Stocks moving down. Theres a while where that was a bit of an issue. All those groups are up today. So i think the cajun question is a little quieter right now. You cant have the russell going down and the s p goes up all the time. I kept say usually what happens is the russell eventually stops going down. Thats not happening. But were almost out of earnings season. And we didnt get anything out of the blue in earnings season. 22 missed, the rest just came in light. Theres nothing new. The same story every quarter. And lowered expectations. I leif when people talk about the internet names. These stocks are down 40 , so with a 3 or 4 rally, theyre still down 35 . They are. The reason i bring it up, though, is a very influential analyst upgraded twitter, which has led everybody to believe that perhaps is a bottom in that stock. Understood. To your point theyre still done and they may still be overvalued, if you dont want to way three, four, five years for them to start producing earnings, they may still be overvalued. The important thing is if we get a period where were entering a better economy and its still not clear, but if we do, you dont have to pay that much for the growth names. Other names are more attractive. Its the growth ver value debate. Everybody thinks just Growth Stocks is the only thing to buy. Value is a particularly reasonable alternative, particularly when you economy may be grows. And expecting it to turn around. And a lot of Economic News this week. Retail sales, cpi, ppi. Manufacturing. Well actually have a much better read of the economy by the enof the week. Thanks, guys, very much. Thank you, folks. Jenny rho metti tells New York Times the tech giant is facing a rocky time, but its poised for growth. But struggled a bit over the past year, all you see, down about 6 in a generally rising market. How should investors play . Jim subba covering the stock. Do you like what mids rometti is saying and doing . Its great to see you, tyler. To be honest, ibm is a big company. Theyve got to reinvent themselves from the Old Technology to the new cloud initiatives. Theyve got a lot to do. We think theres a lot of effort and work ahead, but were not counting them down and out. What shes done so far, focusing on the cloud, big data, thing likes that, you think those are constructive moves, but im sensing youre not ready to buy the stock, in fact you downgraded it . Correct. We think there has to be faster, the cloud is moving very fast and the competitive headwinds are. We ground graded the stock. We do expect ibm on wednesday to talk about the strength of the cash flow, to take that to move faster to the cloud area ahead, but we do think she is doing the right moves. In the 1980s and 1990s, are they in a better place to face todays challenges than they were at that time, two, three decades ago . Without a question, yes. The company has even more cash, more cash flow. Its a lot more global, and companies are relying on ibm and infrastructure for computing more and more today. Yes, they are absolutely in a better position, but they have to continue to reinvent themselves. You know, they sold the pc Division Many years ago, theyre in the process of selling the server business, we think the company will continue to reinvent itself. To invest in the stock today, we want more upside catalyst. On a scale of 1 to 10, ms. Rometti, how confident are you that shes up to the job, with 10 being the most confident . I would give her an 8 right now. Shes made some tough decisions. Selling the server business to le nova, i think that was a hard decision. To make acquisition to go into the cloud, those are different decisions. I think shes the person for the job. However, i think investors want results sooner than than later. I think theres still time to wait. Jim, very clear answers. Thanks for that. We appreciate it. Great to see you. Sue, down to you. Ty, coming up, were going to talk about a hot city mess, the srirachi saw battle is heating up. Hi, scott. All you need to know about the battle to be one of americas top states for business is in this little bolts, the bottle of sir ratcha sauce. Theres an effort to move production from california to texas, louisiana, or maybe someplace else in california. Well tell us whats gig on up, next on power lunch. Financial noise financial noise financial noise and i get a lot in return with ink plus from chase i make a lot of purchases for my business. Like 60,000 bonus points when i spent 5,000 in the first 3 months after i opened my account. And i earn 5 times the rewards on internet, phone services and at Office Supply stores. With ink plus i can choose how to redeem my points. Travel, gift cards even cash back. And my rewards points wont expire. So you can make owning business even more rewarding. Ink from chase. So you can. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Take them on the way you always have. Live healthy and take one a day mens 50 . A complete multivitamin with 7 antioxidants to support cell health. Age . Who cares. Said im buyinging more stock. 16 said im selling stock, but 49 of you say im setting it aside for right now. Ty . The war over sriracha sauce is heating up . Scott, a hot story. Reporter yes, it is. If you like asian food, youve seen this on the tables at asian restaurants, maybe you have some of it at home. Yes, tyler, you pronounced it right. The issue is the production creates a lot of fumes, because its chile peppers. The owner here has said he most likely will stay here, were only talking about 80 jobs full time, but, when the exude huy for this foods got into a dispute over the smell here, states have founded. Jason villaba is here, leading a group from texas, very active. They are touring the factory, trying to preach the texas advantage. Expansion is probably the first step, a move of this magnitude cannot be done in one fell swoop. It usually we call it the texas twostep. The first step is to come to texas, expand, after getting a chance to see what it means to conduct business, and later down the road consider moving the entire operation to texas. Texas has had a lot bigger successes in terms of getting jobs from california, now el about the toyota facilities that are moving, hundreds and hundreds of jobs, as well as Occidental Petroleum thats moved from california to texas. Heres california by the numbers. You can see where the problem is, our top ranks overall 47, the most expensive state in the union, the third worst for where california shines is technology and access to capital. How does texas compare . Its never finished below number two. It still, though, is not great for costs of doing business but texas shines in the infrastructure and its economy. Thats what theyre preaching here today. We are crunching our numbers for top states of 2014, which will come to cnbc next month. Scott, a quick followup. One of the complaints has been about the aroma. Do you smell anything . Reporter nothing out here, but theyre not in the pressing season, thats like november to march. Then supposedly it is pretty bad. We went into the plant. We could certainly smell some areas where, you know, you kind of did one of these, and if you grab this thing and you take a whiff of it, you definitely smell it. You can see where that comes into play. The owner of the factory here, david tran has says, he does believe, after hearing from the representative here that if he were in texas, he wouldnt necessarily have the kinds of disputes that hes having here. That doesnt mean necessarily that hes going to move. Thanks very much, scott. Former treasury secretary Tim Geithner Tess Cnbc that americans must be more confidence in the banking system, Donald Sterling issues an apology, and putins power play. Stay tuned. Well be right back. Just take a closer look. It works how you want to work. With a Fidelity Investment professional. Or managing your investments on your own. Helping you find new ways to plan for retirement. And save on taxes where you can. So you can invest in the life that you want today. Tap into the full power of your fidelity greenline. Call or come in today for a free oneonone review. Call or come in today for a free oneonone review. Trwith secure wifie for your business. It also comes with public wifi for your customers. Not so with internet from the phone company. I would email the phone company to inquire as to why they have shortchanged these customers. But that would require wifi. Switch to comcast Business Internet and get two Wifi Networks included. Comcast business built for business. It is power rundown time. Kale tausche is with me. Welcome, guys. Lets start out with tim geithner. He has a new book called stress te test. He spoke to our very own andrew ross sorkin, saying we should feel more confident. Americans should be more confident, safe from the failures of individual firms. Were much closer to that reality than any time in the last 30 years. Banks are forced to run much more capital. We limit the side. No individual bank keg more than 10 of the banks system through acquisition. Thats a much tougher constraint that exists anywhere around the world. So i think our system today is a much safer, more resilient system. Kayla, maybe so, but im not sure the mainstream would agree. Those of us who follow it, you follow banks so closely know that, yes, the Capital Improvements have been made, the cushion is there, et cetera, et cetera, but still a disconnect between wall street and mainstream. Theyre regulating a problem that happened before, but the capital would help to safeguard if the crisis came in the same fashion. The real culprit was leverage. You banking are bigger and there are a lot of firms still leveraged, especially private equity firms and some shadow banks that are actually not regulated as closely. Theres definitely more constraints in banks b. But too big to fail do you have any doubt if citigroup was under the verge of going under that the government would step in . That worries me. Right. So i agree, the system is safer, but too big to fail still exists out there, i think. Lets move on to the next topic, Donald Sterling making a public apology. See what he had to say on cnns anderson coopers 360. Im apologizing. Am i entitled to one mistake after 35 years . I mean, i love my league, my partners, am i entitled to one mistake . Its a terrible mistake, and ill never do it again. The present owner of the clippers, but you know, bob, ill start with you. He has a checkered past in terms of comments he has made, which is one of the reasons why the league came down so hard on mr. Sterling in this particular instance. Im sorry, ill never do it again . This isnt like i drank too much and told a dirty joke in the public. Everybody gives you a pass on that, but this is not im sorry this is an ingrained attitude that he has. Thats what im saying. Even if he would have said, listen, ive had this attitude a long time, i ed to change that, even that may not have been enough, but at least moving in the right direction. Yes youre entitle to do one mistake, but character is how you act when no one is looking. Good point. Thats what was so start, unless it had been caught on camera or caught on a recording, probably no one would have held his feet to the fire on this. Absolutely. Third topic, russian president Vladimir Putin getting in the rink at a hockey game, leading his team to a 214 victory. Mr. Putin himself setting six goals. Just to show hes a good teammate, five assists. All right, you know, whos really going to go up against putin if youre the goalie . Wouldnt you just cave . Even the goalie, when you watch these clips, you see the defenders are keeping quite a dance between themselves and putin. Nobodys getting i didnt see putin getting checked anywhere in any of these highlights. Not only is he the president , but also the former head of the kgb. I rest my case. Thats it. When a personal gets this big, you can go four minutes into the game, six goals, nobody checks you. Whens the last time you saw a hockey game with a 214 score. That being said when people play basketball with president obama, they probably behave in the same way. But he didnt win 20080, which is what this would have been in basketball. The dow touching record highs. Well give you the biggest stock gainers of the day. First, though, whats coming up on street signs . Theyve been talking about the unusually high rate of longterm unemployed and her concerns about that. So what is the government doing about it . Well talk to the labor secretary about that, about wage gains, about all kinds of things so make sure you join us. And whats up with big blue . How does it getty underneath its performers . And include this man, whoa. Nearly knocked me over. Join us tess top of the hour. 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Com, and monster beverage. So a very strong start to the day for the bulls and start to the week, ty. That will do it for todays edition of power lunch. Street signs begins now. Another day, another record high for stocks, but with the situation in ukraine taking another scary step, the question is, why . Hi, everybody. Happy monday. We try to answer that question with your market playbook ahead. Plus a rare studio interview with tom perez on how to ignite this josh mac. And one of the worst ceo apologies of all time. A pop quiz. The tars dab is enjoying the biggest gain in over a month thanks to internet and biotech stocks. Can you tell me what