See your doctor, and for a 30day free trial, go to axiron. Com. Otherworldly things. But there are some things ive never seen before. This ge jet engine can understand 5,000 data samples per second. Which is good for business. Because planes use less fuel, spend less time on the ground and more time in the air. Suddenly, faraway places dont seem so. Far away. Welcome to power lunch. Another day and another dow record. Dow jones adding on to its record breaking advances of yesterday. Right now, up 30 point at 14,284. 26. Now, s p, although very strong today, has not breached its high water mark. 2007 high. It remains in tact. But we are significantly above the 1500 level, which technically is key for that market. Nasdaq, last trade on the nasdaq down. In terms of gold, fractional gain in the gold market of less than a tenth of a percent. As for oil, west texas intermediate down on the trading session. We also want to look on the fear index wbt vix, down just a traction. Yesterday we saw a huge drop in the vix. One thing watched closely is the volume or perhaps some are saying the lack thereof. While the stock market is at an alltime high, once again, the volume isnt. That has a lot of market watchers im talking to questioning a bit how broadlybased this is this time around. Youre uptodate, ty. Were going back to you at hq. Thank you. Attorney general eric holder, top Law Enforcement making a statement that has us scratching our head. Eamon javers, live in washington. Eamon . A surprise question with eric holder on whether some banks are what they call too big to jail. Whether the size of Financial Institutions inhibits department of justice from going after them for fear of economic consequences. Take a look what they said just in the hour. Im concerned about the size of some of the institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the National Economy perhaps even the world economy. Now, holder went on to tell Senate Judiciary committee that the size inhibit them to what they call resolutions. Tyler and sue, i can tell you that there are senators on capitol hill, including chuck grassley, who are very upset by that. They say it is not the department of justices job to take on economic conditions. They Say Department of justice should just go after crimes wherever they see them. Guys . Michelle carusocabrera jois us. Is there a distinction . There a distinction. We have seen the government prosecute other Financial Institutions in the past, they have failed. When you prosecute an entire institution, it is extremely problematic. Individuals, very have heard other members of the administration say things like sometimes youre too big to jail and you work for the bank. They are talking about individuals. I dont buy that. Any rule that you cant enforce, any law you cant enforce because you fear consequences, go back and look at where that law stems in the first place because thats a problem. Eamon, im thinking of prior instances. Bp was prosecuted and pleguilty felony counts. Thats a pretty big company. You look back it bernard edwards, they went after him. A Arthur Anderson. They put Arthur Anderson out of business. So do they go after case of criminal conduct or what . No. Department of justice said they would go after crimes where they see them but in this case, it seems clear in the context, and we have to get more, that what they are talk about is institutions. They said in the testimony this morning that they think the biggest ternment out there is going after individuals. But here he talks about the size of thence tugss themselves and economic consequences of bringing actions against them. There are a lot of senators on the hill who feel like they should go after institutions if they did something wrong. Holder, here, seems to be suggesting that theyve got to take a lot more broader approach here and look at the economic consequences. Whatever, michelle. Looks like a hornets nest has been stirred here. Michelle, thank you. Eamon, thank you. Sue, back to you. Thank you. If you think youre too late to get in on the gain at new record highs, think again. Jim cramer made that point to tiger. He made that point yesterday. Jackie, deangelis is looking a the the sectors for us. Hey, jackie. Hey, sue. Hopefully i can pick up where jim left off. Thats the Million Dollar question. Is it too late to get into this market . And if not, where do you look . It appears there is opportunity out there. Consider this. Of the s and p large cap sectors there are still six showing meg performance. Now financials doing the wrors et as a group still down nearly 50 since the last peak. Materials, utilities, industrials, energy, they are still showing singledigit losses. Some analysts say these underperformers could outperform this year. Take industrials for example. Ge still down more than 40 since the peak. Within the financials, keycorp, and bank of america. Still down more than 70 each. Also looking promising with names like dow chemical down more than 25 since the last bull run. So start looking for some of that gold. Back to you, sue. Thank you very much, jackie. Mary thompson joins us now. She has a market flash. Hey, sue. Take a look at johnson controls. Popping up from reuters saying the sale of its interiors unit and it hired j. P. Morgan for that. It has other businesses. Mo it could focus on some of the higherprofit businesses it is involved in. Investors seem to like the news. Up 5. 5 . Reuters exploring its auto interiors unit. Thank you very much. When the market goes this high, there is a course of investors who believe they are due to go the other way. That would be down, of course. There are, and justifiably, skeptics. Some folks make money by going short. That is selling borrowed shares of the stock in hopes of buying them back at a lower price in the future. William dove gordon. Market in london, watches the u. S. Market for those shorts. Mr. Gordon, welcome. Good to have you with us. Where do you think, right now based upon your research. The most juicy targets for shorting are . Thats a very good question. And one of the areas seeing huge increases is the high yield. High yield bond etfs. Jnk, hyg. There is a lot of speculation and highyield that go up in price everyday. Yield is coming down but shortsellers are piling in. Borrowing more and more and more of that. There is imaging and things looking scary in the high yield bonn space. Thats where some of that short money seems to be going right now. Are there any other equity sectors or elsewhere drawing attention of the shorts . Yeah. Clearly, short sell is an evaluation game, thinking that in a low Growth Companies going to survive . So people underweight the utilities, these kind of things. But there is not massive short interest. But you are in select of things like game stop. High street retailer definitely a retailer. You there are a few companies, u. S. Steel, materials place. Previous analysts with those sectors not where they were in 2007. 2 and that includes snanames we t talked about. Thank you. Hope you come back again soon. Sue . Since march 2009 lows, Dow Jones Industrial average more than doubled. In just the last year, up 10 . Where is all that money coming from . Jane wells has been snooping around. Shes live in los angeles for us. Hi, jany. Hi, sue. Money came from me. Excellent. Like most regular joes, the vast of my investment is through 401 k . William blair says as employment recovers, more people are eligible for 401 k s, helping the market. And betsy blair says she is seeing confidence recover. Where my business is focused, primarily on the coast, is the Housing Market, people feel more comfortable putting money into their 401 k and not see a drop into the proverbial black hole. But people who were burned in 0809 may not recover emotionally. You hear that in their voices. Happy, but then like people have been saying, youve got to be careful right now. So i think you just have to use common sense. My 401 k is in a money market fund. Im happy with that. What goes up, must come down. By the time im eligible to draw that money out, i hope itll be a large guess game but we will see. People are trading their personal accounts. Schwab saw a jump in january compared to a year ago. Etrade saw 6 year over year jump and up 18 . Sue and tyler, schwab now has 10 billion in its etfs but compare that to total u. S. Etfs of over 1 trillion. Back to you. Thank you, jane. Big snowstorm hitting a big chunk of the country. From the center of the country on east. Video after School Bus Crash in illinois. Now some pictures of virginia where it is snow, snow, snow on route 29 moving down through the center of the state. Schools cancelled down in virginia. Virginia for lovers, not for snowstorms and snow men. Nick walker is following the storm. How bad is it likely to get, nick . Weve already seen upwards to around 20 inches of snow here in the mountains of west virginia. Wide varience around washington, d. C. Area between 0 and 4 inches right in town. And it is all rain out towards the coast. But very gusty wind, from delaware up towards the coast of new jersey. We will continue to see power outage problem from heavy west show as it turned to move toward new york cite, rain turning to snow. Five to eight inches of snow and into boston, through tomorrow, and even into friday morning. Some areas here, south and west will get up to a foot an a half. Sue . Yikes it is headed our way. Thank you so much, nick. I think, anyway. The fed behind the rally. And what happens, if and when, they change the way they want it do things in terms of qe2 and qe3 . We will have answers for new two minutes time. At a dry cleaner, we replaced people with a machine. What . Customers didnt like it. So why do banks do it . Hello . Hello . if your bank doesnt let you talk to a real person 24 7, you need an ally. Hello . Ally bank. Your money needs an ally. House Speaker John Boehner speaking out to larry kudlow. We are going to shut down the white house during the easter season when washington is overrun with visitors is just silly. I want to know who is being laid off at the white house. Is this what is going on . All i can say is the capitol is open for visitors. We welcome to the American People to come to their capitol. We have been preparing for the president s sequester for months. More of Larry Kudlows interview with the speaker tonight at 7 00 eastern time. On the kudlow report. Sue . Wall street watchers believe one of the reasons the dow reached historic highs is because of the Federal Reserve decision to keep Interest Rates at historic lows. Is this a federally and does the fed even care what Dow Jones Industrial average does . Steve liesman is our man following the fed and bob pisani has wall streets take on this. I would perhaps in normal times the fed doesnt watch the market as closely as it is now but given the fact they are intimately involved in qe3, is it different this time . Its been different for several years, now, sue. When fed policy did not make a secret that they are targeting the stock market, targeting a couple things. They also want it crowd investors from bonds into stocks. Thats an explicit goal of Federal Reserve policy right now and i think they believe it is having success. It seems to be, bob. A lot of people do point to the fed as one of the reasons why this mark set being supported. They wanted to push people out of the safer investments to take on slightly more risk. It seems ooze though they have succeeded. But is that all thats under pinning this market and what happens if the fed decides it change its qe stance. No, thats not all thats pending. There are a lot of people at war with the feds. New highs . Oh, its the feds. Everyone agrees the fed had some impact on stock prices. Any reasonable person would say the fed can influence stock prices but cannot by itself overcome fundamentals involved. And fundamentals havent been Getting Better an corporate earnings have been improving. Since the bottom in 2009. Hitting lowest age in 2008. 2009 Getting Better. Since then earnings are up about 60 on the s p 500. Stock market, since the bottom in beginning of 2009, is up about 60 . Earnings matter an they have been Getting Better. We dent liont like the quality costcutting but but steve that is also the argument for those who are bearish. Okay, if the stock market manages to continue new highs. And as bob pointed out, earnings are better and the economy is better, what is to stop the fed from easing back on its qe . Inside the question, sue, is the answer. If the fed eases back onq e, we will do so amid lower unemployment and better economy and economy will meet the fed less. Look, the fed doesnt want to be where it is by any stretch of the imagination. It would much prefer ton buy 85 million in bonds every month and prefer the government not be in the process of cutting spending, not leaving all of the stimulus to the Federal Reserve. If we get into position where those things turn around with, you can imagine the market being okay with that. Thank you gentlemen, very much. Stocks at alltime highs sue, someone might make them go higher. See who has the power to do it and when they may be likely to pull the trigger. If youd like vc money. Who wouldnt . Dont move. Coming up, power pitch. Startups that give us their 60second pitch. My name is nathan richardson. Im the cofounder of way wire. We give you the fast pitch of venture capitol. I think my primary concern is in the execution. Do these founders have what it takes . In or out on waywire . Stay tuned it find out. [ indistinct shouting ] [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. Series, power pitch. We go behind new companies and see if they have what it takes to make it in todays Competitive Landscape. Im brian sullivan. This is the power pitch. Startups get 60 seconds to make their pitch and we get a chance to react and provide insight into the fastpaced world of Venture Capital and how Companies Get the green light. Nathan richardson and corey booker are cofounders of waywire. They have changed the way you share video. Here is their pitch. Hey there. My name is nathan richardson. Im the cofounder of waywire. Waywire is the next online video site for generation. Who is generation ny . The children that parents have subscriptions. The market for this is expected to a 4 million ad market growing 47 to year. Heres the rub. The geny people dont like youtube. They think its broken. So we created waywire. Com. Can you create, share videos for you. Whether it is entertainment, politics and news, we are the site where that generation can go, find videos they like, share them with friend and create their own video identity. I hope you will check outweigh wire. Com. Nathan and corey or on the right side of your screen. They cant react to our critique just jet. With us is jackie of cnbc and stephan paternon, from slated cofounder and chairman. Introductions aside, lets huddle up. Steph, obvious concern is line, and nathan mentioned it in the pitch. Youtube. I think the cure rated video makes sense. But execution and the devils really in the details. How will they lure over teenagers particularly fickled . Im thinking, how do they mon advertise this . We have traditional means we but we have to see a monetary model thats better. Okay, try to pry into the Business Model of waywire and they will get the chance to defend themselves. Right now, nathan, the vernacular is, youtube it. It has become a verb. How do you make it, im going to waywire it. If you search for a song, stuck in a moment, by u2, you will find the karaoke versions or armpit versions but not the one youre looking for. Taking youtube and putting it into your tool bar to drag a video from another site like cnbc, youre not capable of it. Nathan, you are trying to target gen y. Their Attention Span is short. How do you keep their attention . By creating wires of interest and letting you follow and see wires of your friends. They can see a video stream of things that might be interesting to you or brian or corps corey. Steph, jump in. How hou do you get masses to upload, share on waywire when there is countless other ways to do it. Right now, there are so many voices, so many passions,some interests just lost in the large ocean that is youtube and are very difficult to discover. In my city, people who pull video up and really have no place to post that video, the way you get that video and by creating an integrated social system where people are taking videos and uploading, their friends are seeing them, and they can become a part of the National Conversation in a bt much better way. To me, thats how they do it. Nathan, how are you like other ceos, like eric schmidt of google yes. There is a huge opportunity with video and a huge opportunity to be embedded with the existing social graphs that doesnt exist today and cant be done by the incoumbentome bent s incumbents. Jackie, are you in or out . Right new, im out. They will create a better mouse trap, put it out there and the model could be duplicated. And im concerned about the monitorization. Im out as well. I think nathan has an amazing mayor as partner, however i believe the Competitive Landscape is too great. Too early to see traction. That said, i never saw instagram coming. Youtube, too easy to get lost, but v invios is okay. Oprah is investing, mayor booker is investing. I think the public is looking for a different place it look at and find videos online because youtube is so 1998 right now. So im in. Nathan and corey, thank you for your time. That is the pouch pitch. How but . Are you in or out on waywire . Go to powerpitch. Cnbc. Com. American eagle plummeting after i