hi, research in motion executives opening themselves up to the wrath of angry shareholders in waterloo, oregon. shares down 75% and their problems and what shareholders are saying. what is the main take away for us? >> the main take away, though the board was re-elected at rim, it was sort of done grudgingly. i'm taking look at numbers here. t torston hines, ceo, 13.8% of shares will reheld in his resurrection. the chairman, 23% withheld. shareholders upset, kind of keeping it civil. it is in canada. they were nice about it but upset so many long term members of the board let things get this bad. just how bad are they? let me show you a couple of numbers. take a look at sales of blackberries, handsets. about a year and half ago, selling 14.2 million in a quarter. most recent quarter, 7.8. over that recent time, the iphone went from 14.1 million to 35 million handsets, average selling prices have come down on blackberry hardware from 316 bucks to $212. they are not at all happy. torsten hines says he's not satisfied either. the shareholders did not sound convinced blackberry 10 would bring them to the promise land. they didn't do anything about it because the entire board re-elected. >> lucky they're in canada, otherwise, it could have gotten quite nasty. applied materials now says it expects to miss four year estimates. the results will be at the low end of the previous outlook and blaming weak demand. for the shares, sitting to the down side by about 2%. year-to-da year-to-date, the stock is still up nearly 2%. ed ponzi is with us, and has some ideas. how do i play? >> apple is a very cheap stock. we all know the company is growing very quickly. we take the mean growth the past four years, it's three times the earnings growth ratio, even if they hit a bump in the road, the low evaluation sustains the stock. apple is cheap here. >> and maybe fresh products coming out later in the year, a new phone and small mini tablet. >> people love the products but if they hit a bump in the road, that low valuation will act as a cushion. you have to love the products and i love the stock. >> you and lots of others. now to mandy. >> let's head to the pits in chicago where rick santelli is working very hard on a three year note. you got us? >> yes, i do. 59%. we do this realtime. 32 billion three year notes yield at auction .366. right up to the stroke of the last 1:00 eastern bids was .367 bid at .359. the price tight where the market was trading. 3.52, 10 auction average, means $4.52 chasing every dollar worth of securities available for sale. the indirects on the light side. auction at 35. and directs were pretty much smack on. dealers took a little over 59% of the auction. we talked about belly full of securities. this will get a c plus. i could have gone b minus. we will go c plus. we have 21 billion ten year notes to go off the block tomorrow. tyler, back to you. >> thank you. >> to jackie deaeangelis to the market flash. >> want to point you to ticker www. second quarter eps, came under street expectations, a little troubling for the stock. citi says there are positive things edging higher despite negative 4 x and saw their inventories come down. we're popping 4.6% looking at the stock. >> the hottest valley in silicon valley may not be a start-up or next ipo. the hottest name, maybe an executive you have never heard of. julia boorstin and the name of the man of the man at the moment. >> his name is jason kyler, ceo of hulu and shot down reports he's interested in running yahoo. he is one of the best at making money from content online. a lot of companies in silicon valley are trying to figure out how to do just that. back in 2007, kyler joined hulu from amazon, growing their viewers to 38 million by being a master of tough relationships with madison afternoon as well as hulu's media giant parents. perhaps most important, kilar has drawn more than a thousand advertisers to hulu, figuring out how to show fewer ads by closely targeting them and allowing viewers to ad swap and make them 95% effective. he told me that is just the beginning. >> we want to be the world's most effective video advertising service point-blank. we think there's a lot of innovation that has to happen in order to be that. we're actually further ahead than anyone else on the planet right now. >> another reason silicon valley has its eye on kilar. he figure out subscription content with hulu plus. and everyone from amazon and microsoft making a big push to content distribution, they're looking to see what kilar will do next. >> we're all watching to see what he will do next. thank you for that report. a rule exempting certain users from routing trades through clearing houses. without those restrictions, costs would have been imposed on airlines and manufacturers and various other non-financial companies that take steps to hedge their risks. there is an investigation into an iowa based futures broker with missing money that one of the executives misused and committed suicide. >> the pfg best and its ceo for fraud and failing to seg gri gait customer accounts, all too familiar story. it comes after the sel self-regulatory froze the assets yesterday after discovering $220 million in customer funds were missing making that discovery after wasendorf, seen in 2007, attempted to commit suicide. it appears he was distraught over new nfa reporting rules that would have shown the bank numbers submitted last month were false. >> apparently the suicide was followed by ross being forced to sign off the internet reporting compliance and that's when he knew the jig was up. >> the complaint maintains the false reporting is back to 2010 and they failed to maintain segregated accounts and made false statements required in filing before the commission. earlier, they fined $700,000 for improper supervision of brokers and he and the firm were being sued for a ponzi scheme. jeffries confirms they had a clearing relationship with them and executed an orderly l liquidation of the funds and do not expect to in cur any loss. >> thank you. new numbers on the state of the housing comeback today from clear capital. diana olick has the numbers. >> hi. home prices are recovering. as we have said so many times before, largely on the low end where foreclosures and short sales are selling the most. look at new findings from clear capital which uses a rolling quarter to gauge home prices. the prices are up modestly in the nice and south. pretty flat midwest. the big gains year-over-year are out west your most distressed markets, phoenix, vegas, hart hit parts of california and biggest gain is homes prized under $100,000. the high ther gains for volume of foreclosure, that's counter intuitive, isn't it? no. it's true. so many investors are competing for a limited supply of distressed properties. phoenix, 20% of sales of foreclosed homes, prices up 20%. minneapolis, 35% of sales are foreclosures. prices up 13%. columbus, ohio, home prices up 14% because 27% of that market is foreclosure sales. the only one bucking this trend is atlanta. 44% of that market is foreclosures. prices are still down there but that's because atlanta is still mired in the worst of its foreclosure crisis while other markets are already in recovery. if that's not enough numbers for you, plenty more on the blog. >> always love those numbers. thank you. power luncheon sees jim from tj institutional services put out a number last night. he says if the s&p takes a bit of a hit, its could trigger another round of quantitative easing, in other words, qe-3. his gut tells him it is between 1300 rand 1250, hitting 1350. we will keep an eye on it for you. the s&p is at 1350 right now. what level do you think would trigger qe again? >> i think it has to break down below 1300. 1304 is the moving average. it has to pierce that disgui decisively. if momentum picks up and market starts to take it back, that's when you get the fed to stand up and say something. prior to that the fed will try to let it find its own way and if it doesn't, all it's doing is manipulating it. >> how early would we trigger that mark and what events have to happen? >> we're right in the middle of earning season. last night, alcoa, wasn't really a blockbuster, cut that number 38% and talking about europe and china. if that becomes the catch phrase of earnings season, we're in summer months, legislators gone. >> very light volume. >> and there for more volatility. there's a real chance we at least test 1300. my sense is there's plenty of money that needs to be invested. the long asset numbers are sitting at the table for 1300 ready and if the sellers get anxious, they will sit back and make them come to them. what will make that happen is rel disappointing negative earnings season. >> it seems like the market is coming to grips with the idea of synchronized slowdown if not recession. thank you. one more nifty fact for you n. the dow has now been up in each of the past six tuesdays. s&p is up over the past seven straight tuesdays. the jury is still out. we're looking pretty lackluster as we speak, right? >> and we were speaking how the dow was down six straight mondays. the tuesday comeback. >> turnaround tuesday, call it what you like. >> before you get away, get 3 recipe for sausage and peppers. looks great. does europe need a king? can the more than a dozen prime ministers ever get on the same page? one very influential man says, yes. king needed. i'm available. dodgers kind of sort of on the comeback trail until recently. jane wells live at dodgers stadium. >> reporter: tyler, talk about turnaround tuesday. they felt like the maytag repairman after the owners divorced each other and them. well the owners are now married and them? we'll find out next. first big tuesday movers. welcome back. we are watching shares of forest oil. look at the chart, down more than 8% on the day. the company issuing a revised forecast yesterday. it cut its cap ex budget in half. look at that 10 year chart. this is a 13 low for the stock. mandy. >> thanks very much. after alcoa beat the street but failed to impress some, what kind of earnings season do you think will go vote? we will show you where america stands. that is coming up. in the meantime, ty, back over to the mother ship. >> will you run for another election, mario monti, non gratcy. he won't accept a second term as italy's prime minister. that brings us to if the goal of the euro zone is to act as one body, have all the prime ministers turned into princes or princess princesses with no king. does euro need a king? including hedge funds and analysts in 25 country, carl, you make the case they need a king. >> they need someone to tell them what to do. right now, every time a good idea starts it gets translated into 17 different languages and 17 different political systems and what comes back is incoherent. they need someone to tell them what has to be done, not what works best. mrs. merkel does what's good for germany, not necessarily good for france. somebody has to think what's good for europe. >> if not a king, do they need a united states of europe, real federation of countries? >> in the long term they do. immediately they need to solve banking problems. they're bust and don't have any t.a.r.p. to rescue them. >> they do have a central banker, mario, making monetary policy. >> that's true, like the fed. t.a.r.p., a u.s. treasury operation, a government operation. we need fiscal authorities to inject capital and the government needs to act and someone to do a plan that's above politics and saving the banks. >> is that kind of solution feasible? >> sadly, from where we are right now, it's not. that makes me predict where we're going right now is not working. we see that. we see after two years, things have only gotten progressively worse and no solution in sight and we draw a straight line and ends to a disresolution of the european monetary system. >> disillusion of the euro zone? >> i didn't say that. they stay together but will have a whopping bad economic downturn and banking crash and something similar to a depression, a very deep recession. >> cheery thoughts there. let's be the king. >> fix the banks. king carl says fix the banks. >> i like how you think. >> if i was queen, tyler, i would be tempted to say free frosties and meat pies all around. i guess that would be irresponsible in the counterenvironment. los angeles dodgers finished three games above .500 last year but biggest problems were off the field caught in the midst of a bitter divorce fight. l.a. is in thifirst place, not h higher than san francisco giants but they are number 1. i will embarrass myself with this pronunciation. the dodgers stadium, right, jane? >> mandy, you get a pass, all right? you still have to learn america a america's pastime. brooklyn is 50 years old and i still consider it the most beautiful stadium in baseball. teams assess not only their records but the ticket sales with tonight's all-star game in kansas city. look who's number one. philadelphia, followed by texas, yankees, st. louis and san francisco. in sixth, the team that used to be number one or close it to, los angeles dodgers coming off an awful season, owners putting them in bankruptcy, concerns about safety. last year, ticket sales plummeted 17% and clear many who did buy tickets weren't showing up to the games. one year later, tickets up 13%, averaging 41,000 fans per home game which would nearly fill most stadium, lead the nl west. new management is a long way from recouping the $2.1 billion purchase price, there's a different feeling in dodger stadium. >> for us, in between lives, we try not to worry about it. it certainly makes a difference when you look up in the stands, you have 35, 45,000 people cheering for you. it makes a difference. >> easy for play others to play, more excited to come play and meaningful for people sitting there watching them and more of them. >> we have supporters and have to put a good product on the field and will focus on it now. >> even though dodgers are sixth in ticket sales, because the stadium is so much larger than all the other stadiums, it's 12th in capacity. who is number one? philadelphia and boston pretty much selling out, followed by san francisco, st. louis and the cubs. that's a big deal. cubs' fans never give up and they have been wait ag long long time to win the world series. look it up on wikipedia. >> i believe you it is a big deal. thank you very much my free pass, jane. meanwhile, there is a lot of buzz about high speed rail coming to california but now am track has a plan to turn it from new york to philly until a 37 minute train ride. money is always an issue as it is. time prosections are 2040, 28 years away. time travel from new york to washington would be 94 minutes and trains travel at 200 miles an hour, i guess, tyler, is really something to look forward to, if you can wait that long. >> which is what they already do in china, as you surely know. >> and japan. >> no need to buy a ticket to this fast train. we will analyzed the analysts, viacom, southwest afterir on th brands and we will go to bulls and bears and have them face off. more "power lunch" right after this. i went to a small high school. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. 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[ all ] i'm with scottrade. in here, every powerful collaboration is backed by an equally powerful and secure cloud. that cloud is in the network, so it can deliver all the power of the network itself. bringing people together to develop the best ideas -- and providing the apps and computing power to make new ideas real. it's the cloud from at&t. with new ways to work together, business works better. ♪ yesterday, it was sharks. today, the "power lunch" animal kingdom brings us back to bulls and bears. look at this in california east of pasadena. our nbc station in l.a. was doing a story about bear sightings in the neighborhood when she had to start dodging them. bulls, they were on the run again today. day four of the world famous festival. three people were gored yesterday, including an american from philadelphia. no injuries today. but there is always tomorrow. as you can see, at cnbc, it always comes back to bulls and bears. >> absolutely. now, let's move on to analyze this, ed upponsi breaking down e calls of the day. guidance suggests slowing in the current quarter and for the full year. do you like this call or not? >> i don't like this call, ty. limited had a great jump in same-store sales last month, up 7%. in this retail environment, i have to disagree, i like limited brands. >> southwest airlines with a price target of $15. the upside to southwest's forward hedged positions is greater than analysts might be pricing into the shares. they see it with a little more upside. what do you think? >> they're right on the ball. if southwest never flies over plane again, $9 a share, fuel cost is dropping, going up. i like the call. ubs citing ongoing rating weaknesses. look at the three month chart of viacom. down, nothing, basically flat. what do you say here? >> i agree with the call. "jersey shore" was a huge market for viacom and those days are over. >> even spongebob is getting more squishy. >> i spend more time watch iing nick than mtv. one big ugly fight in the hamptons. you think you have neighbor problems? wait until you hear this one. >> the metals market and we will hit the nymex when we return. welcome back to "power lunch." i'm sharon epperson where gold has just closed on the floor of the new york mercantile exchange. down below $10, below that 1600 level it topped earlier this morning. as we have seen weakness in the area and other commodities, we're seeing weakness in gold. we have seen this slide in gold prices going on the last ten months or know. the analysts say this does not mean there's a bursting of bubble for gold. look what we've seen with etf action in gold and fund flows. $65 billion in assets and added $1.4 billion so far this year. gld. and i au and sgol adding to their positions. it still has a great deal of relevance particular ly macro leaders and more are talking about the impact it is having on liquidations, particularly at auctions and particularly in silver where we continue to watch that. back to you, mandy. >> let's get straight back to jackie deangelis. >> thanks. we're looking at shares of cummings today. lowering their 2012 revenue outlook saying they will be in line with 2011, not the projection they were looking for, an increase of 10%. look at caterpillar, 4.5%, caterpillar, down 1.5%. >> let's get more on the trading action here. brian, you have been watching the trades. >> cummins is a great example. they raised their dividend and lowered their guidance. looking for signals. companies have a lot of cash but business activity slowing. a perfect example. it's been a u.s. focused day. i actually want to focus on the dow because it just swung negative in the last 20 minutes or so. alcoa, first down more than 3.5%. numbers weren't bad, supply-demand, china, plastics weighing on this. and dupont the flip side getting a little bit of a bid, they basically said some of their sectors won't be as fat. seems like segment by segment, difficulty for investors to know what's going on. walmart, an all time high and coca-cola, it is moving forward with the stock split and american express. up. and the refiner, the only two to the up siside, and coal and gasl down. >> let's head to the nasdaq. tech, along with energy and materials, among the weakest of the certificates, right? >> that's right. it's under-performing the broader indices. really the chip stocks. look at the materials slashing full year outlook citing demand changes could hurt full year profits by 20%. look at micro devices down better than 20% and deutche bank cutting its price target eight bucks a share and microsoft d n down. and the chip stocks are under pressure. >> do take a look what is happening with young stock today. barely holding on to the 200 moving average. ed ponsi, how are you playing the restaurant space? >> i like darden a great deal here. darden has a reasonable evaluation and bumped up their dividend. yum, i'm a little worried about. i think they're a good company but technically speak, if they break the 200 day moving average, no way i want to hold on it to to see where it stops falling. any wild card could be ruby tuesday. they will come out with a new seafood restaurant and who knows, maybe they will take shares away from red lobster. the wild card is ruby. that's it. and here to talk about the earnings season and defend his bull market outlook is andrew with barney smith, where he overseas $2 billion in assets. you always remind me i questioned your call on monster beverage, 45% ago. >> it's been a good run. >> at morgan stanley, we had someone lowered his estimates for the s&p 500. you, on the other hand, don't see what he sees, why the difference? >> i'm a portfolio manager. we run pre-equity strategies. when i listen to companies, i don't see them bringing down numbers the way the morgan stanley strategy does. we had 15% growth last year and another 9% this year. instead of peeking and going lower i have heard a number of quarters, it hasn't happened. >> a couple numbers i find very fascinating. you see today's zeitgeist in the market the exact opposite of the zeitgeist of the year 2000. explain. >> think back. the year 2000 own ag dividend yielding stock was for your grandfather. today, they're the hottest things. you had a number of people talking about apple because they're only 11 times earnings because they don't pay a dividend and technology stocks are at 35% discount where they traded the last 20 years. >> in 2000 everybody wanted growth and willing to pay 35 times earnings? >> exactly. talk to me about smasht growrt buy is you see. >> i know you like apple. >> 11 times earnings is awfully cheap. it wouldn't be here if there was money going into gross portfolios. if we're out here to buy low and sell high, the real opportunities in growth stocks growing at 12 plus% a year trading at single digits. m apple, united health care. a number of names reasonable. >> united health care, you think they can keep going? >> it takes the concern off the table. i look at a stock 10 times earning growing at 10, 15% a year. >> why don't we drill down on netty's, a non-u.s. stock. >> it is a chinese company. i have a 13-year-old son and know actually what's going on here. it is an online gaming company. every time kids get online and play games, they charge a fee. only in china, half a billion subscribers trading at 12 times earnings. in 2009, china was a hot product and that stock traded at 30 times earnings. they doubled their inearnings since then and now 12 times. it's finding those gems less love than dividends. >> the man who said, buy monster. if you had followed his advice, you'd be how much richer now? >> 60%. >> i'll take that. we'll have you back. mandy. thank you. the countdown continues next up number 3 on our list of top states for business and a billionaire battle in the hamptons. wait until you hear this horror story. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ so what i'm saying is, people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. after alcoa beat the street, what kind of earning season do you expect? here's what america said in the finance.yahoo.com poll. f 15% said it will be strong. 52% said mediocre and 33% said weak. what's coming up on "street signs"? >> thank you. hp has been the dog of the year for the dow and on "street signs," we are going to show you just how far the company has fallen and ask if it should be split up. battleground linked in. a hot stock this year but will facebook body slam the company. pennsylvania's pain, coal taking another hit. scranton running out of money and ed rendell on what needs to be done to get things back on track in the keystone state. mandy. >> all day long, we have been revealing one by one, this year's top states for business, our exclusive study. number 5, north dakota, number 4, north carolina and somewhere rides scott. >> reporter: i'm live in america's top state for business. we get all to that later on today. we rate all fifth states on 50 metrics in 10 categories of competiti competitiveness. let's go ahead with state number 3. virginia. the old dominion, falls to number 3 this year, america's top state for business last year has never finished below number 2 until now. virginia scores 1553 out of 2500 points. the biggest drop comes in our infrastructure category, where virginia ranks 33rd. they finished 10th in the category last year. highway improvements have been del delayed and the commute is among the worst in the country. virginia's best category is business friendliness, comes in third. the state's economy remains in the top ten but just barely. its aaa credit rating tainted in august when moody's gave it a negative outlook based on the dependence on the state government. unemployment still low at 5.6%. the top income tax rate, 5 3/4% and corporate rate, 6% and sales tax, 5%. virginia's largest private employer is walmart. the largest industry is agricultural. m . >> reporter: wow, there you go. virginia has fallen. i can hear in the top state, brian and sullivan feeling a little deflated. the state has benefitted so much from its proximity to the nation's capital. what the government giveth, it taketh away and that hurt in the credit category. you heard about the infrastructure. big issue. virginia is number 3. now, it is time for the hint as to what is america's top state for business. we'll run the hints on the wall thus far and get to this hint you say pecan, i say pecan. anyway, the hashtag on twitter is hashttop states and top states.com. >> great expectation. we'll check in our top states heat map picking up in realtime, all the conversation about top states coverage. lots of buzz going on in iowa right now. let's see if i can call it up. see the tweets pertaining to iowa, 29% of mentions and the state's top battle you can weigh in on which states you think is best for top business, different than top states study, which looks at real hard data and performance. here's how it works for the twitter and social buzz. each state has its own unique twitter hashtag. you tweet that hashtag and counts for a vote for that state. here it is. head to top states.cnbc.com to vote. we will announce the winner thursday. don't forget the big reveal of number one, the best state for business coming up a couple hours from now on the "closing bell." a couple seconds from now is jackie deangelis with the realtime market flash. >> thanks. we will look at the stock kla-tencor. bookings were at the high of the range and this is at 46.39 up about 1.6%. some of the reason for the semipressure we're seeing today, when amd came out and lowered its revv institution expectations for the second quarter and saw lower than expected sales in china, in the second quarter, hurting their ome business. this is no david versus goliath story, more like rich versus super rich. our wealth editor is here with the full story. >> thanks. best known for fighting regulators and environmentalist, now face ag different foe, his follow 1%ers. the new york financier who made his money in met calls and mining battling ronald perelman who said he used it as a personal piggy bank taking out more than $100 million in loans. at the same time, he is also face ag showdown with his neighbors in the hamptons. the issue is a reported use of 19 persons helicopter. this is a chopper he uses when he's traveling to and from his 63 acre estate in the hamptons, 43,000 square feet, one of the largest homes in america. it's so big, it's nicknamed the house that ate the hamptons. a group of homeowners formed a coalition in attempt to divert his use of the chopper. his spokesman tells me singing him out in this manner is unfair and his crew follows all the pertinent flight regulations. as one wealthy hamptons resident says he always feels he has to be bigger than anyone else, whether helicopter or home and become a symbol of excess here. >> that's not easy to do. >> a big achievement. >> that's one wa mrks mrmmwammm helicopter. he has 60 some acres. but they have to land at the airport. >> but it shakes so much the walls are coming off some of these homes. >> you can read more of that on cnbc. >> the house that ate the hamptons. two total opposites in the world of retail are teaming up. you would av have never put these two together. this year's world playing poker player, always a full house, right here on "power lunch." [ male announcer ] summer is here. and so too is the summer event. now get an incredible offer on the powerful, efficient c250 sport sedan with an agility control sport-tuned suspension. but hurry before this opportunity...disappears. ♪ the mercedes-benz summer event ends july 31st. ♪ ends july 31st. would you mind if to be i go ahead of you?omer. instead we had someone go ahead of him and win fifty thousand dollars. congratulations you are our one millionth customer. people don't like to miss out on money that should have been theirs. that's why at ally we have the raise your rate 2-year cd. you can get a one-time rate increase if our two-year rate goes up. if your bank makes you miss out, you need an ally. ally bank. no nonsense. just people sense. its power rundown time with the dynamic duo. welcome back. lots of conflict iing numbers o the state of the economy. with numbers coming in weaker than expected, are we or are we not in a recession? >> i will so, no, we're not in a recession. the government's deficit is providing extra demand into the economy. we probably won't enter a recession this year unless get something like unexpected tax increase, the fiscal cliff could be enough to push us in. >> a lot of people think we're close to slipping into it? >> i don't think we're in one and teetering on the brink. here's the high speed train collision i'm worried about. executives are already anticipating this fiscal cliff and cutting back on spending and not increasing hiring plans. we're a consumer nation. consumers have saving fatigue and consumers aren't quite getting it yet the way executives are. now to niemann marcus targeting with target, they will offer designer products from fashion to sporting goods under $500. what do you say to that? is that a smart retail move? >> tyler, i don't mean to be the grinch in july. i think if you're niemann marcus, this is one of the stupidist things i ever heard, if you're selling the exact same products in both stores and your goal is get the target type shoppers there in, what's my motivation. if i can go to target and buy the same thing, why -- >> niemann says our buyers and target's customers have this in common at the very least, they like good design. >> people are now not shopping in one category or another, across categories. people want good deals for whatever price point they can get them. i think this is a good move and target shoppers are really excited. >> dollar general and saks. i think this will be put away in one of the bad annals. who knows. >> 26% see wrongdoing as a key to success. 16% would commit insider trading if they could get away with it. what do you say? >> this is not an example how bad things are on wall street and an example how envious people are on wall street. on wall street if somebody is doing better than you, a lot of people assume what's really going on, that person must be cheating. 25% of people are saying, i'm not the richest guy i know, some other guy down the desk is, he must be cheating. >> this is from a whistle-blower law firm and maybe they have some interest in showing there's more malfeasance than the case. >> what i'm surprised than the fact they would cheat is they admitted they would cheat. >> at least they're honest about cheating. >> they weren't admitting they were cheating, stati ining sayi else is. >> you have to do it to get ahead. mandy, down to you. >> thanks, ty. $18 million and a world record, what antonio walked away with in this year's world serieses of poker championships in las vegas. welcome to the show. congratulations. i will ask you point-blank. you have $18 million. what will you do with it? invest it in the stock market? >> some of it will go in the stock market. i have a guy obviously and some money there already but for sure i will add some to that. >> what about property? >> we'll see. i could be in the market for a new house possibly. >> in terms of poker playing itself, is it at all correlated to what's going on in the economy or something completely unrelated. >> funny, when the economy started to tank, didn't see a drop in poker at all. people love to play and love to gamble. people love the thrill. in my line of work there was no hit at all. >> when you say in your line of work, i understand you're a magician as well in las vegas. what about being a magician? how's business there? this is something very discretionary, going to see a magician is not normally people would say is an absolute must-have. >> i agree with that. i don't really do magic anymore. it used to be my profession. since i started playing poker, it went on the back burner. i do it for friends and what not and certainly more of poker player than magician. >> thank you for joining us and best of luck with future games. tiler. david played in that tournament and won big money for charity. next up, what he said today on cnbc not about poker but apple excerpt. after the break. this is new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] get the mileage card with special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? [ male announcer ] the united mileageplus explorer card. get it and you're in. down across the board, right, tyler? >> that is exactly right. that is one thing ed ponsi is worried about. this little reversal we've seen, we began the day up, now, not so. >> we had optimism in the morning out of europe and since then, done nothing but moved lower.