Equity funds. Now we want to know, would you put your money to work in potrelated businesses . And youre going to love this story. We get the brutal truth from pepsi ceoindra nuie. This is the true story about how she told her mother about a huge promotion at pepsi. Listen. Let me explain something to you. You might be president of pepsi pepsico. When you enter this house youre the wife, daughter, daughterinlaw, youre all that. Nobody else can take that place. Leave that damn crown in the garage. Leave the damn crown out. It gets better. More brutal truth from pepsis ceo coming up later. Tyner is out but susan is at the big board. Absolutely, bill. So good to see you. The dow is 25 points from 17,000. Year to date the dow is swaggered really. Its up 2. 3 . The s p and nasdaq up almost 7 . Theres another big story. Tenyear note. Take a look at the yield which crests above 2. 60 earlier this morning which caused a little bit of a pull back in stocks early on. Now were at 2. 625 . Seema mody is looking at the small cap momentum names that are making a big comeback. First dominic xu on what could the next stock moves be in the next couple of weeks and days ahead taking a shorter term look. Thats correct. The market will be drawn by macro or big picture items as well as micro or Company Specific catalysts. Lets start with the big picture. Macro catalysts. Its all going to be about tomorrow, a big economic report. The nonfarm payrolls come out tomorrow. Thats going to be interesting because, of course, were not just thinking about unemployment and what else is happening with the employment picture, its also about wage growth as well. Remember all the talk about inflation will be if there is wage growth. Whats going to happen here, next week as the fed comes out with their minutes. Thats going to happen next wednesday, the 9th. That will give us a more colorful picture about the overall economy from the feds perspective. On the Company Specific side of things, we have earnings season kicking off just next week. Its all going to start with wells fargo on the large cap side of things. Next friday. The week after that a couple of tech things. Intel on the 15th, that tuesday. Then of course google coming out on the 17th. Tech and financials the first two weeks of earnings season. Big company event. Back over to you. Thanks, don. Now to seema on the rise of momentum stocks. Quick power definition in order here. Momentum stocks are stocks that consistently move without fundamental moves and without concerns for the underlying fundamentals of that particular company. Ive set the stage for you, seema. Take it over. Thank you, sue. Fastgrowing companies, momentum stocks, they really got hit hard during spring, march and april to be specific. And lists were questioning user growth but what was really the prime concern was valuations. However, social media and internet and small caps this one may surprise you, too m. Candy crush up 20 . Cloud computing at the mytech, sales force double digits. Chinese internet a pocket of strength. Really interesting to see wall street warming up to Chinese Companies which a couple of years ago werent particularly loved by investors. With this growing interest, j. D. Com some of the big winners. With that said, sue, some experts are cautioning to say if the stocks run up too fast valuations will become a concern. Bill and sue. Seema, thank you very much. The cma group in chicago. Cnbc contributors who had a memorable encounter this morning on the train. Youll have to read his twitter feed to hear all about it because im not dealing with it. All i can say, jim, is follow your dreams, buddy. Do they include 17,000 . Do we pause here, do you think, or do we go higher . No, we pause here enough. Were going to take it out now. We rarely come within sitting distance of Something Like this. Its somewhat monumental. The dow is not a huge way to go. I have a pull back. On the momentum plays, the market has been defensive. Where do you guys stand on the momo stocks as theyre known, jim . Highs 2 months ago, 1215. I believe its green light. Im in facebook already. I would consider testila, netfl. We are getting into the month of july. Historically the vix, up 9 historically. Since 1926, as this situation turns, its giving us small caps. They move first. What jeff said, too, theyre giving you a gift out here. Volatility is at such unbelievable low levels that you are supposed to replicate long positions and cheap call backs. Everyone is bidding up the cause. Jim, thank you very much. Enjoy your holiday. Thank you, bill. You too. Lets go over to don. Phil, check out whats happening with the airlines. The stock is moving lower as they said june unit revenue reports. You can see the stock session is down 5 . That helps send 9 rest of the industry lower as well. Look at names like united continental, american airlines. Nyse Airlines Index is up 25 year to date. It has been, thank you, dorch don. Dow 1700 watch. The higher you climb, the harder you fall. Well be talking about market riskment also, hunting for value. Where the bargains are right now. Energy was the Top Performing sector when the dow first closed between 1606 months ago. That sector has been outperforming so far this year. Is it still a good play for the second half . Thats all ahead still on this hower on power lunch, sue. Bill, as you know a major storm is marching up the east coast. Of course, just in time for the long weekend. With an update heres weather channels greg postel. The latest on Tropical Storm arthur, 60 mile per hour storm 100 miles to the east of the florida coast. Lets have a look at the latest advisories. It is moving north essentially paralleling the coast of florida this afternoon. We do expect it to eventually take a northeastward turn and come very close to the North Carolina coast as an 80 to an 85mileanhour category 1 hurricane thursday evening and friday morning. So stay tuned for all the latest updates on Tropical Storm arthur and its movement during the next 48 hours. We do have Tropical Storm warnings out there in orange and Tropical Storm watches in yellow. In addition to that we have hurricane watches here shaded in orange for parts of eastern North Carolina. Stay tuned. Back to you. Thank you very much. All right. Dan leonard joins us. Hes a Senior Energy meteorologist with Weather Services international. We like to call him wall streets weather guy. Dan, what businesses and sectors do you think that we really need to focus on as arthur marches its way up the coast . Yeah. This is entirely a Tourism Industry impact that were looking at here. Does not look like a major storm. This is certainly no irene. This is certainly no sandy. It has a big impact on Tourism Industry. Let me give you an example. In 2011 when irene hit cape cod estimates they lost 35 million in revenue when irene hit. Granted, that was a much bigger storm but it came on a nonholiday week end. Theres a lot of tourism dollars at play. Im guessing in the hundreds of millions range. Then you compact that with the fact that we have a major Holiday Weekend on the east coast for tourism, the beaches. The first storm of the season and the first storm for the east coast since sandy. Compound all of the factors, a lot of hype in the media. We have a big deal with the tourism impact. Well, yeah. It sets the stage for the rest of the summer. What about the energy sector, dan . Not a lot but traders are sort of shrugging their shoulders with this one. Were not talking gulf of mexico so no disruption to supply for gas in the south. It has a slightly bearish tone for the markets. A little bit about rain and wind and cloud cover for the east coast and cooler than normal temperatures. Thats put a damper on electricity demand and you tend to get lower power prices out of that. In the end its probably slightly bearish. Not a huge impact for the energy markets. Dan, well hope for the best. Thanks a million. Bill, back up to you. Lousy timing for the 4th of july weekend. Heres the question, would you invest in marijuana . We have found two people who do and they want you to do it, too. Its also todays viewer vote. Go to cnbc. Com vote. Let us know where you stand on that. Check out this incredible video. One of those street food trucks exploded last night. It was all caught on videotape. Well have that story when we come back. Of the services your vehicle needs. So prepare your car for any road trip by taking it to an expert ford technician. Because no matter your destination good maintenance helps you save at the pump. Get our multipoint inspection with a Synthetic Blend Oil change, tire rotation, Brake Inspection and more for 29. 95 or less. Get a complete vehicle checkup only at your ford dealer. Energy, the rate sensitive sectors are taking a breather. Don, thank you. An incredible story, the street food truck exploding last night in philadelphia all caught on videotape by a security camera. Take a look at this, 12 people were hurt in the blast. Two of them critically. Two of those people were a mother and daughter who were the ones working inside that food truck. Investigators are quick to blame a propane tank that exploded inside the truck. New research from consumer reports. Sarah eisen is here with the results. It turns out mcdonalds burgers are the absolute worst in america. Thats accord to go consumer reports. Latest fast food survey. Big chains like mcdonald, taco bell and subway rated lower than smaller chains than in and out burger, chipotle and chickfila. Theyre spending more than ever to dine out topping 680 billion per year. Fast food chains are struggling to find the right recipe to woo younger diners who are looking for fresher, healthier food to keep costs low. It is all about getting the millennial consumer. Theyre lagging behind. Incredible. Go to breakfast. Thats where the action is. Breakfast sandwiches. Thank you. You heard it first. Thanks, bill. It has been dont expect new jersey to follow suit. As governor Chris Christie told squawk box yesterday. Im against legalization of marijuana. I think its wrong. I dont think we should do it. Well, governor christie isnt the only governor against it. Washington state and colorado have green lighted Recreational Use so far. So clearly there are some barriers to growth. Brendan kenny is ceo of private tear holding. The first private equity firm dedicated to the market. David dynberg which aims to be the ge capital for the pot industry. Viewers, you can weigh in on this. Go to cnbc. Com vote. We want your thoughts. Well put the vote on the bottom of the screen in a couple of minutes. Gentlemen, welcome. Its a pleasure to have you here. Pleasure to be here. Id like to start with you, brendan. We highlighted that sound bite from governor christie yesterday. He is not the only governor against this. I wonder what kind of impingement that is to your growth in your business . Well, thank you, sue. Gosh nor christie has 61 of the vote. Theres a mandate there on the other side. The american populus disagrees with him. David, let me turn to you. You want to be the ge capital, if you will, of this particular market. Tell me what services you want to offer some of these companies. Most of them are privately held certainly, but they also have a tough time getting access to cash by the sheer nature of the business that theyre in, correct . Thank you, sue. Yes. Kind banking is the First Full ServiceFinancial Solution for the Legal Cannabis and hemp industry. Currently we offer financing via debt, convertible debt as well as we make private equity investments. We have other services for Merchant Services as well as Payroll Services as well as vaulting services. Weve found let me remind our viewers that they can vote in on this. We want to know would you invest in a marijuana business. You can go to cnbc. Com vote. Well give you the results in a couple of minutes. David, ill get back to you in a minute. Tell me how much money youve been able to raise. I think there was some impediments to raising money short as maybe two years ago but apparently that has all changed now because of states Like Washington state and colorado. Is that a correct read . Thats exactly right. Weve been polling investors for the last four years. To date weve raised 22 million from investors from around the world who are interested in this indust industry. This month we will announce that we have raised an additional 50 million, at least 50 million more. It has gotten much easier over the last four years as people realize that change in the end of prohibition is near. Certainly theres been momentum with the launch of Retail Cannabis in colorado on january 1st and then next week it looks like on july 8th well see the first Retail Stores open up here in washington state. So, david, talk to me though about the Political Climate. Right now the Political Climate is perhaps on the federal level anyway slightly more friendly to the use of cannabis for medical purposes and perhaps for recreational purposes, but we have an election coming up. If we get a change in administration in terms of the party, does that work for or against your business . Its a very interesting topic. I look at it like this. It will be very difficult for any politician to run for National Office today. Like brendan mentioned earlier with the majority of america in favor of some form of legalization, whether it be medical oreck or or recreational. We will see a new white house take over, obviously, but i do think the medical legalization has a very good chance of passing. Currently the fda is looking into the medicinal value of marijuana. And, brendan, ill give you the final word. I know that the canadian government has a very Different Program where Health Canada basically runs that particular system. And its a rather onerous system. Apparently in your opinion theres less risk because it is so highly regulated. Is that true . Thats entirely correct. So we look at international and National Opportunities as well. Weve invested 20 million in the facility in canada where we have a federal license to produce, process, package and distribute cannabis to medical cannabis patients through the through our till ray subsidiary. Best of luck to you both. Appreciate it, brendan and david. Lets lock in the vote. We asked you would you invest in a marijuana business. 76 of you said yes, 24 of you said no. So, the majority, bill, seems to be in favor of it. Big thumbs up from our viewers here on cnbc. Very interesting. Thanks, sue. Ahead, cnbc investigation. Scott cohn went to different prescription retailers. He found differences. Plus, the road to 17,000 continues. Were covering several themes including the risk angle. Plus, the power pitch is coming up. Im a little bit confused how you make money. Stay tuned to vote with the power pitch analysts live. Are you in or are you out on this weeks startup. Go to cnbc. Com vote right now. Get ready to start voting. Can i get my actual Credit Report. Like, the one the bank sees . [ male voice ] sheesh, i feel like im being interrogated over here. [ male voice ] shes onto us. Dump her. [ pay phone rings ] hello . Oh, man. That never gets old. No, it does not. [ female announcer ] not all Credit Report sites are equal. Experian. Com members get personalized help and a real Credit Report. Join now at experian. 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