Tech features . Blind spot detection as well as prevention. Were already seeing that on a number of vehicles. Night vision Collision Mitigation and avoidance systems well camera and Rearview Mirror systems. Think about it all of these are basically out there in the market already and weve seen them in other cars so were comfortable with them already. By comparison the study found just 19 of those studied or surveyed i should point out, 5,300 people surveyed only 19 want autonomous drive cars right now and just 17 want incar wireless connectivity. Most interesting is that when i talked with the studys author mandy, she says when it comes to looking at new cars and you ask people what do you want, what system do you want in the car as far as the connectivity system and how it matches up with your phone, they want to check their phone first. If they have an apple, they want to go with the car that has apple features. This they have a google, they will say i want android auto. So its an interesting look and theres more on cnbc. Com about what people want when it comes to the technology in vehicles. Safety first, phil. Safety first. Thank you very much with the findings there. To the bird flu outbreak in the United States. Mexico now banning imports of eggs and live birds from iowa. The financial ramifications of the virus could be huge. Morgan brennan is at ground zero in harris iowa. Morgan, what are you hearing out there . Reporter all right. Well, first of all let me just tell you this is sunrise farms, and this is the latest and largest of the facilities to be hit by this bird flu outbreak which started in late 2014. So according to protocol, the farm has been quarantined until further notice and all of its nearly 4 million egglaying hens will be euthanized with the help of state and federal officials. Now, doing this prevents the spread of the virus and ensures it doesnt make its way into the food supply. Though i will note that theu sda says this strain of bird flu poses little threat little risk to humans and even if it were to get into the food supply as long as you are preparing your meat correctly, you will be okay. Nonetheless, when a farm is infected, and there have been more than 50 cases across multiple states. You have 6. 5 million birds that have been affected it comes at a huge cost to the producers, and thats in spite of the fact that they get a certain amount of federal aid when this happens. And its not just in terms of the lost product or lost business. The actual disposal process itself is expensive. It can be hundreds of thousands of dollars in an operation like the iowa facility, the egg layer facility thats a really big facility. It could easily run into several to a few million dollars. Reporter so usda says its also working on developing a new vaccine to prevent future outbreaks, but in the meantime here at sunrise, the disposal process, the depopulation process, if you will of this flock is likely going to include co co2 but they havent started the process and the reason is because officials are trying to decide where to dispose. Whether to bury the birds onsite or take them some where else. A huge cost to the producers and the poor birds themselves. Also a developing story involving the flash crash arrest that broke on power lunch yesterday. The trader accused of contributing to the 2010 market drop appearing in a london court today. Cnbcs wilfred frost is live outside the courthouse with the latest. Wilfred . Reporter mandy, thank you very much. Yes, there has been conditional bail granted ahead of the extradition trial set for the 18th of august. He does face these charges alone but the late he was from Credit Suisse spokesperson is Credit Suisse had a, quote, standing banking arrangement with mr. Saraos trading company. We believe that banking arrangement was established before the flash crash in 2010. As i said he has been granted bail but the conditions very very strict. He has to post 5 million pounds. He cant use the internet at all. He has to surrender his passport. His parents also have to surrender 50,000 pounds. All of this as you said at the top relates to 22 financial misconduct charges, one does indeed relate to the 2010 flash crash. Important to note he faces these charges alone. The next step for the charges will be his extradition trial here in london on the 18th of august. With that from westminster magistrate court, back to you guys. Vitamin shoppe popping on the news that karlsson capital has take an 5. 3 stake in the company. Karlsson says its undervalued. Carlson capital also says its been in talks with the board on some strategic alternatives. It believes theres some value to be unlocked there. Right now you can see Vitamin Shoppe shares trading up over 9 . Back to you. Thank you mary. A lot of earnings out today. Very busy week but lets drill down on the housing number. Americas biggest home builder reporting 40 cents a share, 2 cents above expectations. Revenue also topping estimates. Horton posting a 30 jump in orders as the spring selling season got off to a strong start. You can see the stock is tanking, down by over 6 . D. R. Horton stock is up 7 so far this year. Well, lets stay with the topic because were getting some bullish signs from the housing market. Mortgage applications on the rise. Existing home sales soaring. Mandy, some very big numbers as you said today, but one red flag in a second. First, Mortgage Applications specifically to purchase a home rose 5 week to week and are now 16 higher than a year ago. Theyve gained in four out of the past five weeks. So it should come as no surprise that closed sales of existing homes in march also took a nice jump to the highest pace in 18 months. But that comes at a very high price, and here is your red flag, folks. The median home price in march, 212,100. It was a gain of 7. 8 from a year ago. Those both condos and single family. If you look just at single family, its on nearly 9 gain in prices. Thats more than twice what the gains were just one year ago. Now, the prices are the result of very tight supply in the market, just a 2 bump up in inventory from a year ago and we werent exactly swimming in listings last year either. Why so tight . Well, builders are still not delivering near the normal level of new homes and current homeowners are afraid to list either because theyre still under water on their mortgages or because they feel like they wont be able to find anything to buy if they sell their homes. Mandy . It really feels like its fits and starts isnt it . In housing recovery is very bumpy. Thank you very much, diana. Lets look at what the stock markets are up to right now. Its been a seesaw session, i guess thats a way to describe todays trading. The dow was up 60 points, then down 61 now its up by 40. Anyway, today would mark the first gain for the dow and the s p 500 in three sessions. The nasdaq meantime would register its Third Straight day of gains with the rise currently up seven points. The biggest dow gainers, visa mcdonalds cocacola, earnings fueling those and energy and tech are higher Consumer Staples is moving to the downside. Industrials was also trailing but now its moving up as well. The biggest winners on the nasdaq 100, tesla and broadcom up. A gain of 5. 4 on tesla and intuit is up by 2. 4 . It is the worlds most indebted oil company, and its getting ready to report its highly anticipated Earnings Report amid a national scandal. Michelle carusocabrera is live in rio de janeiro, brazil. I assume were talking about petro brass. Thats right. Petro brass is the state run oil company in brazil. Its been brought to its knees by a massive bribery scandal that investigators say lasted nearly ten years. Will they finally report earnings tonight . That story coming up right after the break when cnbc is live from rio de janeiro. Financial noise financial noise financial noise financial noise welcome back. Angies list soaring. The Consumer Review service posting a surprise First Quarter profit, but revenue was shy of estimates. The stock has plummeted 45 in the past were np the outgoing ceo will be on closing bell. Auto nations soaring, beating estimates on the top and bottom line but not helping the stock and mylan back to its ipo in 1973. David faber reporting mylan is offering a new offer for perrigo. They rejected an offer saying its just too low. Energy again a big story today. Crude Oil Prices Fell almost 2 yesterday closing at 55. 26 a barrel. Today were sitting at 56. 34 a barrel. Lets get out to Brian Sullivan who joins us now from the ihs wheat conference in houston. How is it going down there . You know its going fine. I always love houston, great people, great town, and really theres two reasons we come to conferences. Number one, learn stuff. Number two, because its an easy onestop shop to corner some of the biggest and baddest ceos out there. Billionaires, guys running companies, women running companies. Theyre all here in the energy business. Its a great place to learn and we had an opportunity to sit down with a guy that many consider to be the single smartest guy in the oil and gas industry, rich kinder who is the chairman around ceo of Kinder Morgan and i asked him about prices. Is there a perfect price for crude oil . No i dont think there is because it varies so much with the amount of costs that our upstream colleagues are able to take out of the system and also the tremendous improvements in Drilling Technology that theyre able to put into place. You know theres a saying going around now that 75 is the new 90 and all of that, and i dont know. Im not smart enough to figure that out, but certainly i dont think you have a longterm, Sustainable Future for fossil fuels with oil at 50 or 55. All right. So, mandy, in the Television Business we call that a tease. We took a small bit of the interview as a means to lure people into the next hour of the show. So the full interview with rich kinder, who by the way is smart enough to figure it out and if hes not, nobody is, thats going to air around 2 30 eastern time today. So the full interview with rich kinder. We have a lot of other interviews weve been doing. Thats why we come here because learning is fundamental and its good. You always save the best things for yourself, right . Saving it for your hour of power. Look forward to that. Youre always a tease, brian. Thank you. This is the benefit of also coming to a conference is the teleprompter doesnt transfer because i say what i want and i frequently do. I always do. Thanks bri. Later today well get new details of how much was stolen from brazils big oil company, petrobras. The stock is down 35 over the past six months. It has however rallied on news the company would report its results. Michelle carusocabrera live out petrobras headquarters in rio de janeiro. Reporter the board is meeting right now looking over the audited financials from pricewaterhousecoopers and later they will take a vote on whether or not to release them to the investing public. If they dont, it will be a huge disappointment because you can see the move in the last week or so. Its climbed, the shares of petrobras, more than 50 on expectations that the numbers would come out. That huge rise though does not make up for the massive decline that weve seen over the last year as it seems day by day more details emerge about abribery scandal that has lasted for a decade that has led to arrest of politicians and party members. Once they get past this hurdle analysts say they face other big hurdles such as way too much Government Intervention into this company in the first place. Consider this the brazilian government owns 52 of the voting shares of this company. They control the vast majority of the Board Members and, in fact, until recently the chairman of the board was also the finance minister of the country. They have one independent director who by the way refuses to stand for reelection because he is so frustrated and if you read the yearly report to investors, they say explicitly that they will sometimes make decisions that are in the interest of the government rather than in the economic interests of the company. One example that has impacted them very very hard gasoline. The country of brazil, the government, sets the price of gasoline, and for years they set it at below the cost it was to refine it. Even though petrobras drills so much, they still have to import oil to meet the local gasoline demand. So imagine oil is at above 100 bucks a barrel and yet they have to sell the gasoline at a loss. Petrobras was one of the few Oil Companies in the world that was actually hurt by a rising price of oil and theyre better off with a declining prousice of oil because of that policy related to gasoline prices. Another big issue they face local procurement rules that force them to buy only locally in brazil. So that means Numerous Companies were created to help give them supplies, to help them build rigs, offshore et cetera, but what does that mean . That means sometimes theyre paying more than they had to getting companies that werent as good as they should have been which led to cost overruns delays in production and hence less revenue which has also impacted their bottom line. Lots of issues for this company, the first one though in a couple hours, were going to find out if theyre going to release earnings. Everybody is betting yes, and the bottom line how much did the graft of the last ten years, can they give us a good ballpark figure about what kind of hole thats put in the Balance Sheet . Guys, back to you. Thats what were watching out for. Thank you very much for highlighting that, michelle carusocabrera. Theres another energy giant and thats grass promazprom. The European Commission announcing it will clamp down on the companys unfair monopoly escalating the standoff between europe and russia in some Eastern European countries gazprom is pretty much the only supplier of gas. Call it a sign of americas burr boonourbon booze. You will not believe how much this stuff is worth. Up next, power pitch, a startup giving a boost to your exercise game. The product that will change the way you approach yourwork workouts. How do you prevent some of the underarmors of the world from replicating what youre doing . Stay tuned to find out. Test or nothing. The smartest or nothing. The quietest or nothing. The sleekest. Sexiest. Baddest. Safest,. Tightest,. Quickest,. Harshest,. Or nothing. At mercedesbenz we do things one way or we dont do them at all. The 2015 cclass. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. [ female announcer ] who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Its time noup for the power pitch where one entrepreneur gets just 60 seconds to try to convince a panel of experts that his or her startup has what it takes to be the next big thing. Hi my name is terry white. Im the founder and inventor of the north more shore a product that will change the way you approach your workouts. As a former collegiate athlete and new to manhattan, exercise was important to me. But every time i left my apartment to go for a run, i had the same problem, i was stuffing my keys in my sock and carrying my phone in my hand and it just didnt feel right. So i came up with the solution. The north more short is an athletic compression short with two water resistant compressive pockets. One for your phone and the other for your keys cash and credit cards. Water resistant to protect against sweat and compressive to keep your belongings secure. Early presales and a Successful Kickstarter Campaign have helped us build a strong and excited customer base. In only six months we sold over 3,000 units without any paid advertising. The north more short is represent tich of who we are and what we believe in. Were here to raise the bar and to change the way people everywhere are approaching their workouts. Welcome to todays power pitch. You just saw the pitch. Now lets meet the panel. First board member of the new york angels alicia syrett. And from the bay area patrick chung, Founding Partner of xfund a venture firm targeting early stage investments and david wu general partner at maveron. The firms portfolio includes ebay and groupon. Okay. Terry, usual in the hot seat. Great to have you with us. Alicia, first question goes to you. So terry, how do you prevent some of the big name competitors, nikes and underarmors of the world from replicating exactly what youre doing . I have become less concerned about the under armors and the nikes of the world mainly because at this point i think if they wanted to do it they would do it. Patrick . At xfund we like to ask, where are the main trajectories of growth coming from . What happens after the north more short . Were focused on customer acquisition, driving revenues and just increasing our overall awareness. Whats next will largely be determined by our customer base. Question to you. Who is this customer and what is that guy looking for in the brand identity . I look at the customer as a that off the field athlete. As a former collegiate athlete myself i struggled to find the brand a brand to connect with. Alicia . Terry, you had a really sick sesful kickstarter campaign. How do you market the product why here after you have ex haubsed the demand amongest your bros . I like to stay eye to eye with my customer base. Kickstarter allowed us to reach over 300 customers in 40 countries around the world. I think it will continue to grow organically from there. David, last question. I have been told when it comes to iconic brands you should be able to close your eyes and visualize exactly what that everlane guy or lululemon gal is wearing down to the sithd color. Whats been your approach to the design aesthetic . There have been a lot of cool blues and tones that are somewhat conservative but at the same time weve infused it with kind of an edginess and a brighte