Into this final hour. We are starting to see some selling intensify here. We have to figure out whats going on here. The s p, to give people a sense of the broad market gauge, thats down by. 25 . The nasdaq is off by. 5 . The typical correlations having been falling into place. A lousy 30year auction today which sent yields skyrocketing. The 10 and 30. But that took its toll early on. We got to figure this out what this selling is about. We are tracking two stocks that are nowhere near their alltime highs. Tesla getting crushed today off almost 11 off earnings that were reported giving investors a reason to hit the brakes on this momentum stock. Stabilizing a little bit today, it is up. 5 . Remember it lost 20 of its market cap yesterday. Someone coming up on the program who says whole foods is still an incredible brand and the stock is a buy right now. Bull and bear time on whole foods coming up. Breakup, breserkshire hathaway. Warren buffett says no way. But it would unlock billions of dollars in shareholder value and release an avalanche of dividends. Things we all love in this market right now. He will make the case that some shareholders in omaha were making to Warren Buffett himself last week at their annual shareholders meeting. That will be a fascinating discussion. Heading into the final hour of the markets, weve just turned negative. Dow is off five points after being above its previous records earlier in the day. We were up almost 100 points. The nasdaq is off. 5 . That index down to 4,044. Lets get to the closing bell exchange. Our Blue Ribbon Panel today. Rick, whats going on. I know why you wont know why the stock market is selling but do you think that the yields the skyrocketing of yields following that bad 30year auction could be taking a toll right now . I think initially theres no doubt that the equity traders and all traders observed that very weak dminus 30year auction. If you look at the chart, it shot up about six basis points and it is relatively unchanged now. If you look at a bigger look on a chart going back to june, not very great shapes there. Foreign Exchange Markets give us some clues. Mario draghi tried to talk down the euro and for the most part he was successful but only in a limited fashion. Worrys only were only at a oneweek low. The dollar yen. It is teetering. You said you dont know whats going on with stocks . I dont know anybody can explain what happened last year in stocks but i think whats happening this year is pretty easy to explain. I think all these dislocations and central bank meddling is catching up with everything. In europe you have relatively low Interest Rates. Their currencys strong. In the u. S. You have relatively high Interest Rates and the currency is weak. It is very difficult for the men and women of Central Banks to keep all these moving parts in order and i think eventually that takes a toll on the psyche of gloebl invebal investors. We havent actually talked about the yen that much, though aig made the point that the weak yen earlier in the First Quarter hurt its earnings. But in the second kwaer the yen has rebounded. Does that have anything to do with the selling action today . From my perspective, the fx vol has been pretty interesting. But in terms of equity vol, its been a little bit less interesting even as we talk about the beta switch. Earlier in the day i would have said we are finally getting momentum names back into play and now it seems like were going back defensive again. Equity vol has not really been telling me too much on the macro. Its still been single name focus and thats a great point. Weve been talking about how we want a stock pickers market. We are getting it here. Nobody seems very happy. Greg, jyesterday janet yelle didnt get a whole lot of action. I will point out typically lately the your oand u. S. Stock market have tracked pretty well to there was a divergence earlier, now starting to see them move in line. What are you hearing from various Central Bank Leaders right now . Janet yellen didnt give us a lot new but the new stuff she gave us tended to be kind of bea bearish on the economy. Shes very worried about housing. The zero quarter wont be repeated but we wont get the rebound of growth for the rest of the year that the fed and a whole bunch of other people are looking for. That explains why the bond market rallied yesterday and why it gave up very little of it today. Frankly the smashg has been going in the opposite direction of the dollar euro rate and the bond market. Im actually not surprised to see it break down here. Though at the same time, dennis gartman, if this is the relief rally with regard to whats happening in russia an ukraine, certainly not much of one. Not much of one at all. It is very discouraging to me, the fact that we tried to rally this morning and we failed very badly today, i would say predicated upon whats happened to the euro. The euro had an unbelievable trading session this morning for very few minutes after draghi began to talk. We traded very close to 140. Within 15 minutes there afterwe traded at 1. 39 given. Now were 1. 3850. Thats an outside reversal as technicians would look at it. Couple that with the fact that the market has been, as ive said, bifurcated. Weve seen blue chips strong and underlying market weak. This is not a healthy circumstance prevailing here. One thing about the euro before we move on. Isnt this what the European Central bank wanted because theyve had some Board Members talking about how maybe 1. 40 is too strong. This is frankly without mario draghi having to do anything. Is this for the right reasons or the wrong reasons here . Is the point that it is sinking for the wrong reasons . I think it is sinking for the absolute right reasons. I think mr. Draghi has listened to the new Prime Minister of france who has been outspokenly worried about the strength of the euro and i think draghi has heard from people outside the ecb explaining that we need to see a much weaker euro. I think thats what happened today and i think its weakened for exactly the right reason. Jim lowell, this is not the first time the market has moved into record territory, then backed away late in the session here. Whats the message here for you from this market . Are we just getting tired or whats going on . Well, we just came through Earnings Reporting season. Could you put a fork in it. There was no new news. We are still on a slowgrowth, not nogrowth track. I agree with greg that janet yell didnt yellens comments on the housing recovery had an effect. I dont think she just tossed the expected growth in the Second Quarter was just tossed out. If the momentum stocks continue to weaken and blue chip stocks continue to be the source where investors are finding not just return value long term but current difficult den yievidend so be it. From a longterm investors perspective, i think were going to go into continued volatility but i think the direction is net positive. Whats the message from the u. S. Dollar here then . This is what i dont understand. If the euro is sinking for the right reasons, shouldnt that be supportive of all the action we should be see in the european stock market and here in the u. S. . I think when you have central bank management, answering that question is nearly impossible. I will go a step farther. I think theyve managed to assuage, manipulate, whatever word you want to use, some of these Interest Rates so low. Take the italian 10year, for example. The t italian 10year versus the bond tuck 1. 50 this year. From an Interest Rate differential, the weak Interest Rate side of much of europe doesnt dovetail with the currency. What im getting at, the European Central bank would like the euro lower but i think based on the faux rate, it is going to fight that. I think the same is true in the u. S. Well see the dollar weaken, in europe the euro strengthen just in response to some of the manipulations that the fror are inExchange Markets cant wrap their arms around. I think you are getting a truer trade on fx than on the fixed income in europe. Folks, got to go on this point. Never enough time. Appreciate your comments and insights on todays market action. 50 minutes left in the trading session. The dow now down 15, the lows of the session. Selling just continues here as we go into the final hour. This is the kind of action we saw february when we get that rally in the morning, then it would just fade into the afternoon. Thats happening today. Bill, you made the point weve turned the calendar to may. Well see how much that has to do with the action from here. I feel ripped off at whole foods. I really want her to have the best that she can have so organic is the way to go. I had problem in my stomach before. When i start to buy here, the problem gone. Is whole foods stock broken with its Business Model or is the latest big dip recently just a great buying opportunity . Stick around. Well have a fullon whole foods yes food fight. Plus, how scared should Western Union be about getting bigfooted by a walmart . The retail giant beefing up its new Money Transfer service which is right on Western Unions turf. Western unions ceo gives us his take. Another batch of market moving after the bell earnings. How those numbers could impact wall street and your investments. Cbs news corp. Symantec. Whon a certified preownedan unlimitedmercedesbenz . Nty what does it mean to drive as far as you want. For up to three years and be covered . It means your odometer. Is there to record the memories. During the mercedesbenz certified preowned sales event now through june 2nd, youll get complimentary prepaid maintenance and may qualify for a twomonth payment credit. Only at your authorized mercedesbenz dealer. Welcome back. Looks like theyre stabilizing a little bit here. The dow was sinking as we came on the air here with closing bell, down 15 points a moment ago, now up seven. We are starting to see a turnaround. Nasdaq down. 5 or 23 points. S p is still down five points. We are watching tesla which is sharply lower on that disappointing outlook that it provided yesterday despite the better than expected results that it announced. As you see, tesla, one of the highflyers of last year, today down another 11 , now at 178. Now at 29 transactions per second, Western Union has the ability to move money almost instantly from all of its customers. Gl in a day an age where instantaneous results are becoming more the norm, the competition to stay ahead of the global Money Transfer marketplace is fierce. And now even walmart wants to enter their turf. For more on their plans to stay ahead with us now in a cnbc exclusive, we welcome the ceo of Western Union. Good to see you. Thank you for joining us. Hello. Is that keeping you up nights that walmart will enter the Money Transfer business . Thats nothing new for us. I think theyve been in the Money Transfer business all the time. They were offering competing products. But Western Union has in the u. S. 46,000 locations. Worldwide 500,000 locations. We do 29 transactions a second. People really trust us. They want to transfer money. We can drop money anywhere worldwide in 200 countries. Im not so concerned about that. All the same, to transfer 50 now will cost people only 4. 50 at walmart and 5 with you guys. Thats a problem, isnt it . Bidding war now . Well, i dont think so. I think the people really like our convenience. They trust us. They trust our brand. Not Many Companies like us can drop money in 121 currencies in minutes worldwide. Thats what we do actually. Our expertise is when the money crosses borders, crosses currencies, Western Union benefit comes, our assets come. We are very confident we have the right price. Last quarter our u. S. Domestic Money Transfer business grew. Our business had total 9 transactions growth. I think i am very confident we have the right price positioning here. Is your message to us today, as you sit here an talk about the strategy with wall street, is yo walmart, bring it on, we dont care, it wont change any strategy as far as we are concerned. I think we are always adapting our strategy. We are always having a competition. What im saying is there is nothing new. Our big strategy is we are Going Digital. Our Fastest Growing part is connecting the dij cal world with the retail world. We grew last quarter on the digital 45 in our revenues, 55 on our transactions. It is already a big part of our business Going Digital and connecting also the Digital World with the retail world. Thats where whats interesting is that now i can move money with my friends and do it all the time with an app called venmo. It doesnt appear to have a cost. It does. Money transfer costs what we are doing is that we are really collecting the funds here in new york and dropping somewhere in vietnam, somewhere in turkey, somewhere in chile and in moments. I think thats convenience. Nobody can beat that. That in 200 countries. I think really as you can see, the consumer response. Transactions are growing. The Consumer Trust us. I think we are very, very well positioned. When i talk to people about bitcoin, the number one thing they say is ultimately what it is not going to do is not supplant the banking industry, it will supplant Western Union. Whats your response to this kind of pressure from a bitcoin that can could exactly the kind of function you are describing without, again, in some cases, any cost. We heard that stroer. Since i became the ceo the last four years i heard that story already serl times. It was the mobile phone companies. Then it was digital companies. It was bitcoins. But Western Union always growing transactions and we are very well positioned. Our Digital Business is growing very well. Its grew 55 in transactions. Im very confident that we are leading the market here, that customers are using us. Im going to sound like im picking on you, but you mentioned youve been the ceo of the company for four years. I happened to look at a longer term chart of your companys stock. For those four years, youve been going sideways, even though you have a Pretty Healthy dividend. Your yield is 3 which is very rich in todays market. How does wall street have it wrong or what do you have to do to get your stock price moving again here . I think we have the right strategy, bill. We are really as i said, we are diversifying our portfolio. We have the right strategy. What we are done in the recent years is that the Regulatory Environment has been evolving very fast changing global Regulatory Environment is changing very fast. We are investing huge amount of investment in our antimoney laundering activities. About 3. 5 to 4 of our revenue this year. These investments are long term competitive advantage and people trust us and use us. Sure, theyre expensive though, to your point about the impact thats had on the shares. A quick one because of the headlines right now. You guys have 20,000 locations in russia, 50,000 in ukraine. You had to suspend services during some of the sanctions that were imposed by the u. S. When will you resume those services . We have a very Good Business in russia. We have 20,000 locations and we have 15,000 locations in ukraine. It is only 2 of our revenue in russia and 1 of our revenue in ukraine. Currently we dont see any impact that customers to use us for sending money from russia to no impact at all. Excuse me, i couldnt hear you. No impact at all . Weve had we didnt see a big impact on our revenues. We didnt see big impact on consumer behavior. People are using us. Okay, great, good to know. Thank you, sir. Really appreciate it. 40 minutes to go into the close here. The dow has been whip selling but it is up 23 points. The s p 500 still negative along with the nasdaq, down 20. Is it time to put whole foods on your Shopping List or should you heed the calls from some analysts that say the best days are behind it . Dont miss our whole foods food fight next. Also ahead, Steve Leisman and larry kudlow on disturbing new numbers about the longterm unemployed but maybe a solution to try and help some of them. Dont go away. Can you start tomorrow . Tomorrow were booked solid. We close on the house tomorrow. Tomorrow we go live. Its a day full of promise. And often, that day arrives by train. Big day today . Even bigger one tomorrow. Csx. How tomorrow moves. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. My mom works at ge. Honestly, the offseason isnt 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 i dont always have timeh to eat like i should. Thats why i like glucerna shakes. They have slowly digestible carbs to help minimize blood sugar spikes. [male announcer] glucerna. Welcome back with a look at the trading session. Again, it is a day where we are headed in different directions. Dow is up about 27 points. It was up triple digits earlier. Ga