effect at the end of the year, expiration of bush tax cuts, all that remains on the table. republicans and democrats at least agreed they won't have brinks man ship and showdown over shutting down the government the rest of this year, 2220of 2013. we expect the leadership to announce this is about an hour. this is a minimum amount of good news for americans who might be concerned for a disruption of government services. >> we'll take a little good news. another story grabbing our attention today is india, the second most populous country in the world. it is in the dark. more than 26 million people, twice as many people that live in the united states have no power for a second day after the grid suffered a massive failure. india's power minister blames local governments taking more than their allotment of electricity. because of the outage, minor em social security aminers are stuck underground. having been in india, this seems to be an example of an infrastructure holding india back. >> reporter: that's right. my old friend, john harvard, was talking about a government shut down in washington. you have no idea of the scale of the sort of government led shutdowns that happen in india. the power sector is largely run by the government in india and incompetent and growing problems in the power sector are leaps and bounds more than what we expect for the united states. as you said, the infrastructure here has been under strain for a long time. it hasn't kept up with the population growth and hasn't kept up with the economic growth and those strains are really starting to show. >> it also hasn't kept up with its peers in the region, like china and other countries. companies have been moving to countries with better infrastructure. have you found companies being frustrated by the lack of infrastructure and are leaving india? >> reporte >> sure. apple ceo, cook, said last week they don't have much plans to invest in india but are investing very strongly in china. among the reasons is that there is not the sort of infrastructure either from power and roads privilege and apple, retail privilege for apple to want to come into india. it is a serious problem and, frankly, the indians simply don't know how to solve it. india has neither the civic infrastructure in the government nor the construction infrastructure across the private sector to get these things done. everybody puts together these sort of small patches, thousands of businesses in delhi here own their own generators. they all try to get along. at some point, the government and the country itself has to pull it semifinal together to create an keep the infrastructure going. >> we hope you get power back soon, gardiner harris. it has not been all that measurable. right now, the bombay sensex finished up half a percent. india's exchange is up 10% although we should note its currency is down dramatically. >> sue, thank you very much. the euro crisis in full swing today, at least as far as the markets are concerned. european stocks having their best intraday drop in a week today. here's the board. you can see they're down everywhere from london to milan or 1%. the fear of whether the european central bank will ever agree how to fix the debt crisis. investors saying this week's ecb meeting is likely to lead nowhere fast. that not helping u.s. markets, the dow down a third of a percent. or 45 points. s&p down, 1380 and nasdaq, 2940. gold down. and west texas crude. and in the 87 price range. if you're not feeling the pain from the euro crisis, you probably aren't far removed from it. there's a euro. taking a look where the problems are happening from the deutche bank and its employees. a weakening euro makes revenue shrink for a bank based in germany and that's as costs are rising. deutche bank's single biggest cost is compensation. with 39% of revenues going to compensation costs in 2011 says it will lay off 1900 employees. the euro still hurts those who stay outside the euro zone. for the vice presidents and above, it's a driver of their bonuses and creating another more ral drag for the german juggernaut. let's say in february, they gave you $100,000 euro bonus worth $132,000 at the time. a third paid up front and another third in deutche bank stock and another third in cash and the last two parts are paid over three years. deutche bank shares have lost 35% since february and accompanied by other financials. the euro has lost actually 9% meaning the dollars you get from last year's deferred bonus would be down. our pretend bonus is nothing but pretend but now worth $111,000. a lot of times these banker bonuses are using much larger numbers than that. in the past, ubs and credit suisse have let employees hedge their bonuses a move they would be considering but unable to implement before the next comp cycle in february. will deutche bankers jump ship? most say no because they wouldn't be able to find a job elsewhere. >> i think that's a very valid point. thank you. opening statements being delivered in a courtroom today, apple and samsung, accusing each other of ripping off each other's designs. jon for jon fortt joins us live with delay details as it unfolds. >> hi, sue. apple giving its statement right now, focused on design patents, samsung more on you silt putili. the courtroom is packed and an overflow room packed, too. this is about the iphone and ipad. apple's lawyers trying to take the jury back to 2006/2007, a world before smartphones as we know them today, trying to set this up where apple introduced something in the iphone we hadn't seen before. right now, the market is so flooded with smartphones, the concern is people could start to think, these were all over the place, apple hasn't done that much innovative here. apple will try to argue samsung ripped off its designs. samsung will try to argue, hey, we were working on this to begin with. things like a rectangle, you can't patent that and icons, those things existed before apple put them in the iphone. its strategy set up that apple bet the company and risked the company coming out with a phone in an area it hadn't had products before and highlighting the u.s. patent and trademark office made a place for steve jobs in the smithsonian trying to make the case there was the ipod and iphone and ipad and this design belongs to this iconic company and what samsung has done is copying. samsung can argue the opposite. >> it's been a rough year for the stock and company, not one year for jc penney. courtney reagan scored a live interview with the ceo. >> that's right. earlier this morning, jc penney ron johnson took me through a prototype what he plans for jc penney for the year. the shops start to roll out tomorrow. beyond that, technology is state-of-the-art, employees using ipads, to mobile checkout to customers being able to check themselves out using rifd technology. >> the technology is cool. your traditional jc penney customer i think of as my 340mo my grandmother. they're not as comfortable with an ipad. what if they want to go to a human and check out. i don't see any registers here. can they still go to a human? >> there will be empyees everywhere. instead of being tethered to a checkout, where they can only help you after you decide to buy, they'll be in the shops helping you decide what to buy. they can check you out anywhere without leaving. for those who really want a traditional cash-wrap experience, we do have a bar and we have several of them in the stores, but the bar does so much more than check you out. it's a place you can buy online and pick up in store, a place you can return products, a place you can get gift wrapping. if you want to check out, you can check out at the bar. here's our prototype at the bar here. they'll be located within different strategic points on the street. >> it looks very applish. is this where you took your cue? >> it's just simple. imagine yourself here. have a seat. >> i will. >> this is the place to be. we're trying to retransform the way people are served in a retail store. this is very comfortable. >> i asked ron johnson what he thinks steve jobs would say about the transformation. after all, he was an employee more than a decade? >> i think steve's advice would be don't worry about what others s say, trust your instincts, do the right thing. apple went through a much tougher time in 2001-2002 than we're going through this year. >> as you can see, a lot of this apple technology is already in place. right now, we're at a jc penney store in dallas and the employees have already been using the ipads all day long to help customers choose new choices as well using them to actually make the transition. >> he will be a wizard, courtney, if he can turn jc penney into a destination people want to go, make it hot, bring it back hot or cool again n. thank you. let's ask courtney how to play retail right now. would you take a gamble on jc penney, the stock is down 36% year year-to-date. they debated it on "fast money." >> i am a no that the company tried to train its core customers away from coupons and that's had limited success. i'm looking at the future. they're trying to get new customers in. they've had a great marketing campaign but the stores an merchandise don't match. it's confusing. they will have to re-re-brand again. as a shareholder, i don't want to have to pay for that. >> what do you like better in retail? >> target is something like that and given where it's trading and 12 month average target price, i i'd stay away from that. then there's macy's, performing well, according to the average analyst rating. i'd look at them. they've just done everything right. it looks like they can continue doing it for at least a little while longer. >> yes on macy's, maybe on target and no on jcp. sue. let's turn to the oil market having its ups and downs, down about a buck-95 right now. and then up for some refiners. sharon is there. hi, sharon. >> you're exactly right. not much to light a spark in the oil traders but they're buzzing about equities and refining stocks. look at bolero, topping $28 a share after the world's largest independent refiner reported profits above expectations, that profit boost helping valero's shares but valero is not alone in what we're seeing in the refining industry. it this is bellwether up 30% so far this year. look at western refining, up 75% year-to-date or holly frontier, up over 45% and marathon, up 45%. and we're looking at the refining index as well beating not only the energy sector but the broader s&p 500 by a significant margin. it really comes down to the price of the raw material, the oil itself and the big discount we're seeing in wti or u.s. oil prices versus the london-based brent crude. that spread has averaged 15 bucks for the year and near $17 a barrel today. that has a big part of what is happening here in the refining industry. the fact is refiners outside of the u.s. that process the brent crude are at a serious competitive disadvantage to the u.s. refiners. in the u.s., we see the refiners using the wti, west texas intermediate are truly cashing in and seeing big gains like we are seeing today in valero. >> thank you. market flash with mary thompson. >> we're watching shares of the own other of appleby and i-hop and announcing additional job cuts and one is the president of the i-hop unit. the international house of pancakes. she is out and a search for her successor. the ceo, janie stewart outlining her plans, saying the menu needs to be simplified, a problem at that unit. company shares up a very healthy 12%. tyler, back to you. >> thanks. we have been warning you stay out of the water if you're vacationing where mary does, in massachusetts. not everybody was listening. a rare shark attack in the bay state. we'll take you to london, where the water is a lot safer. what's more important to the greeks, whether they win gold or whether they stay in the euro? 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>> i like to think we'll do well. we'll see. >> reporter: do you think the team has been challenged because of what the economy has been through? >> probably, yeah, but that's why we need to come and support the team. >> what do you think a bunch of medals would do for national pride? >> amazing. just like lift everyone's spirits at the moment. >> show me your flag first. >> being the ones that invented it all and started it all. >> you look like you could take flight with this. >> i'm from greece, athens. always good to bring a medal back home. i don't think, to be honest, that this will change a lot. it will be very nice. >> reporter: do you want to stain the euro or get out? >> i want to stain the euro. we will stay in the euro. >> this has nothing to do with the olympic games. >> interestingly almost all the greek fans we met live in london. it points to something else we heard, that is the extent to which tourism is down in greece isn't because of foreign tourists not going, mostly incountry greeks who no longer have the money to travel on their regular summer vacation. greece did lose that match to croatia, 8-6. tyler and sue. >> it's not easy being greek. thanks, carl. today's yahoo.com poll, what will the euro zone look like in three years. go vote. fy de nanfinance.yahoo.com. go vote. what the feds are saying about the possibility of a euro breakup. los angeles sands down almost 3%, facebook down better than 5% and coach down 17%. before the break, five big movers on this tuesday. travelers down by 1%. we do have one green, dupont, up about a tenth of a percent. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. [ male announcer ] it's a golden opportunity... to experience the ultimate expression of power -- control. ♪ during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. welcome back to "power lunch." i'm mary thompson. we're looking at cummins engines at almost 7%. sales declined by 4% but almost inline with analyst estimates. the company was helped by a strong quarter and in london helped off-set weakness in the international market. look at cummins, up almost 7% n. the company did say sales would come in below recallier forecasts because of the we weakness international markets but the sales in line with estimates. back to you. >> argus research down grading los angeles sands from hold to buy. they say a sagging chinese economy. slower sagging results and disappointing results at the sand and tighter regulations in singapore. shares down a percent since a 52 week high in april. agree with this? >> i do. i would have liked to heard it a little bit earlier. a lot of china coming out of -- a lot of trouble coming out of china. >> now you tell me. facebook from overperform to under-perform. cutting it to 25, noting just by valuing them as an advertising publisher, we get $19. is that an upgrade or down grade? they cut the price way down. >> it is. from a sell to a hold. who really cares? i say, just stay away from facebook at this moment. the analysts even argue, if it gets under $19, it gets interesting. >> stay away from facebook. piper jaffray down grading coach from neutral to overweight noting they see a range-bound stock in the next 6 to 12 months and past shares down 21%. coach. >> again, i agree with this call. i would have liked to seen it earlier. i think there have been trends away from coach you can see walking around the mall or wherever people have purchases, mi michael koh's products look like they're getting traction. >> that's it for the day and we will hit the nymex next. you like the survey, don't you? where do things stand on europe? tell us where you stand. vote in today's polls, finance.yahoo.com. better technoy helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you are, you'll find the technology to help you become a better one at e-trade. ♪ i want to go ♪ i want to win [ breathes deeply ] ♪ this is where the dream begins ♪ ♪ i want to grow ♪ i want to try ♪ i can almost touch the sky [ male announcer ] even the planet has an olympic dream. dow is proud to support that dream by helping provide greener, more sustainable solutions from the olympic village to the stadium. solutionism. the new optimism.™ ♪ this dream ahead of some key events this week, central bank meetings and the like. gold prices are closing right now. sharon epperson is back with us to track the action. >> hi. it's the end of the nymex and we're seeing it close down about $8 on the session. there's been a gradual shift into gold in the last week or so because we've seen gold prices over 1600 an ounce in that period of time. technically, they say they're in good territory. you have to keep in mind, gold prices have been basically flat for the month, a $75 trading range, the first time in decades we have seen two months in a row prices are inside. the highs and lows of this month are less than the highs and lows of the previous month. that doesn't usually happen. what it means, technically, traders tell me, that we're likely to see a breakout in some direction or another. in terms of elsewhere in the metals complex, we are looking at metals prices mixed on the month and session as well. the real breakout on the down side is copper, called into question. what we heard from the ecb and fed this week may be key to the direction in metals, gold and copper as well. right now, we're looking at copper under significant pressure. >> thanks very much. bob miss -- bob pisani joins us now. >> very narrow trading rates. 30 to 50 point trading range on the dow. a lot riding, ecb as well as fomc and a lot of expectations on earnings. i've been disappointed so far and seen third and fourth quarter earnings come down. that concerns me. it strikes me as complacent. normally, you can get 1% moves in most of these sectors on any given day. energy, financials, materials, technology, three are negative and one positive. and on the downside are discretionary stocks and retailers not only dragging down the luxury group and overall retailer. and coach, tiffany, mo vvado an kors and ralph lauren. we're basically waiting for wednesday and thursday and fomc. >> and now to kenny, who sits next to me, on the set, i was laughing this morning, you started with a frank sinatra song, strangers in the night. >> you have to laugh. >> it's like they're strangers in the night and see what will happen. as bob said and everybody else said, markets are in a wait-and-see attitude. what the markets have really been telling us, it's really voting for a romney win. the market is getting very excited and telling us it thinks it's probably a romney win in november. i won't go that far and say that myself. in fact, the market acts good like it wants to move higher, all this uncertainty out there. the real disappointment is not tomorrow with ben bernanke, but mario, if there's a sense he's disappointed at all, they will take it back. >> that puts a lot on his shoulder shoulders. >> he came out and said we have the bazooka. he left it wide open and vague. he has to put up or shut-up right, at this point? >> what about the jobs report? that's the other thing hanging in the balance. >> even if the expectation is 100,000 jobs. a positive is better than negative number. at 100,000 jobs, we're not getting anywhere, we need 350 in order to make a dent to make people feel better the economy will turn around and people will turn around. i won't put a lot of weight n. the job number disappoints if it's less than 100, i think it's an issue. the macrodata reports have been very mixed. today we got quote-unquote good numbers, housing supposed to be a good number. i laugh when they say that because next week we will get bad numbers n. >> the recipe, too many moving parts today. >> any vegetable you put in. >> we will put that on our website. let's head to the nasdaq where jackie deangelis is following it. >> we're bucking the trend at the nasdaq albeit so slightly. the semi-s are holding up, rebounding from yesterday, up about 1%. i want to draw your attention to ni cron. and seagate reported yesterday missing on its profit and revenue and had concerns for the current quarter. it is down 3%. and dendreon plummet iing today. it is looking to cut 600 jobs. and apple, up nearly 3% on the day and having the most impact on the nasdaq 100, apple, there's some reports out there and bernstein coming out today saying it might be looking to see a stock split and enter the dow. so we're seeing that stock trade higher and potentially its impact is what's keeping the nasdaq higher now. back to you. >> rick santelli joins us now, tracking the action. how is the bond market affecting the bonds report? >> if you look at a 24 chart, highly unchanged would be the answer. if we're going to pick sinatra songs to describe our meetings, i like our guests, "strangers in the night." i think i would go back to nancy's, "something stupid." that's just my opinion. back to the 21st of june, the day after the first fed statement. this is what they have done since then. the range has been 170 to 138, in terms of yield. euro. let's talk some euro. you go back to the euro to a chart to '04, you can clearly see how important the 120 level is. we basically bounced off it again. you want to watch this spot. quickly, two etfs. the lqd, investment grade. new all time highs, these charts go back to that inception of the etf. the next is the hyg, the high yield etf, also back to its inception. you can see it's trending in the right direction but hasn't taken out its 2012 highs yet. back to you, tyler. >> day one of the meeting, day one now. polling top economists and experts joins us now with some exclusive results on the future of the euro zone. >> tyler, two central banks expected to do something this week n. the federal reserve will talk about that in a second. i want to focus on the european central bank and what our euro survey of 50 experts expects from the european central bank in the next six months. off err negative interest rates, not very popular. cut the refi rate, 43%, getting up there. additional ltos and purchased additional sovereign debt. 89% expects the central bank to purchase more sovereign debt in the next six months. what's happening? more and more default in march. the probability placed by respondents on these country js, ireland, italy, spain, portugal and greece. it has gone down for ireland, had a successful bond issue and remained good. down for portugal, shown progress and 80% just about now believe there could be a second greek default. we specified that in the question. how about the outlook for the european monetary union, would they stay together? now just 11% think they will stay together. take a look how much it's gone up here. 82% of our respondents believe in the next five years, one or more countries will leave the european monetary union. biggest threats to the u.s. economy. it's not inflation, not high gas prices, they went away with the last survey. deflation not a threat, surprised to see 7% picking slow job growth. the euro crisis 30. look what beats it out, the fiscal cliff, 41%. several respondents saying it's here and affecting us now and affects business right now. let's show you the outlook for the fed. we've been doing this almost three years now and can tell, incorporate the prior qe-2. 78% believe there will be more qe in the next 12 months. let's look ahead of qe-2 here. one month ahead, 43% and before the next meeting, 99%. we're not quite that actually definitive but overwhelming support. why is that? because 56% expect the qe to come at the september meeting. only 26 expect it at the meeting which we'll get the statement for tomorrow. you can read all of this from -- on cnbc.com and i'll be back at 2:00 with more on the outlook for u.s. economic growth. snow you're not done just yet. the germans sort of throwing a wet blanket on the idea droggy can do exactly what he says, that means do anything plausible to save the euro zone. how do you handicap that? >> two. the european rescue fund doesn't need a banking license and we quoted a source saying, you know what, monetary policy is for price stability, kind of a wink and a nod, undercut itin inting. i don't know how intent droggy is intent on following his words. the market pumped it up, we talked about that yesterday. it will be a huge discredit to his reputation if he were not to follow through with something on thursday. i will remind you, germans have opposed prior actions by the ecb in the past. two members have resigned as a result of these actions they opposed. if he has the votes to do it, my guess is he will still come through with something and german opposition may dampen how much. in thank you. we'll see you at 2:00. sue. the finance poll asked what do you think the euro zone will look like in three years? first, a check on our market in the u.s., down about 30 points on the dow jones industrial average, 31 to be exact. s&p 500 down three. nasdaq bucking the trend fracti fractionally, moved into the green, up one point and russell 2,000 off two points on the trading day. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 ...helps me keep an eye on what's really important to me. tdd#: 1-800-345-2550 it's packed with tools that help me work my strategies, tdd#: 1-800-345-2550 spot patterns and find opportunities more easily. tdd#: 1-800-345-2550 then, when i'm ready... act decisively. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 with the exact same tools, the exact same way. tdd#: 1-800-345-2550 and the reality is, with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 ...until i choose to focus on something else. tdd#: 1-800-345-2550 trade at schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade tdd#: 1-800-345-2550 up to 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-877-994-7694 tdd#: 1-800-345-2550 and a trading specialist tdd#: 1-800-345-2550 will help you get started today. to experience the lexus performance line... including the gs and is. 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[ revving continues ] ♪ during the golden opportunity sales event, get great values on some of our newest models. this is the pursuit of perfection. i'm mary thompson. we're looking at shares of amarin. the fda approved its fish oil heart bill but looking at shares sold putting pressure on the stock today. back to you. >> wow, thank you very much. time for the yahoo! finance poll and we asked what you think the euro zone will look like in three years, 26% same as it does now. 52% said several nations will be out and 22% said it will be dissolved. very interesting indeed. let's look ahead and see what's coming up on streets signs with mandy drury. >> we have bill gross saying in his last investment outlook that stocks are a ponzi scheme and even calls out investment guru, jeremy segal. you can bet he is ready to fire back. >> a big exclusive with the ceo herbal life, the stock having a huge day on strong earnings. a lot talk about with him. why restaurants have been forced to hire security guards to protect their grease. yes, you heard me, protect their grease. coming up at 2:00 p.m. eastern with "street signs." >> thank you. ubs reporting worst than expect expected srkt resusecond quarte results and wealthy clients cautious. >> are the wealthy really sitting on their dough? >> during the conference call, sergio had some choice words about the wealthy. he said, our rich clients are quote paralyzed by fear of losing their wealth in these volatile markets. it may sound like a high class problem and difficult to pronounce, it's threat to our recovery and spreads well beyond private banking. a survey of millionaires shows they're more pestcimistic than nine months and not putting money into stocks, two-thirds group of stocks are millionaires and when they get fearful, it affects the market. you look at the michigan conference of consumers, that confidence is down 27%. and double digits on coach in earnings and revenues. saks and tiffany down amid concerns of the high end consumer. 5% of earners at the top account for more than a third of spending. when they stop spending, it spreads to the rest of us. the paralyzed blue tockcracy could be tomorrow's mass market slowdown and why we should all ca care. >> i want you to speculate. is this a self fulfilling prophesy, that the plutocrasy feels less confident because they see the market struggling and going down and what it takes to get the market back is one that rises on. >> that's spot-on. it is market driven. when i look at luxury stocks, i look at the stock market. a lot of ants saying in early spring, luxury stocks will continue to do well and wealthy continue to spend, not so coupled about the economy or troubled about the economy. it's a vicious cycle. >> sue. >> gentlemen, news in tv land, a new deal between hulu and apple may be giving us a hint where apple is heading with its rumored apple tv product. julia boorstin has more on the story. hi. >> ceo, tim cook, is looking to make apple tv the destination for premium content without a cable subscription. this is a really big deal for apple. hulu's content competes directly with apple's itv on demand offerings and the first time the conternity is available on itv. apple is making this trade-off in order to amass more trade-off to help sell more apple tv boxes and apple gets to make more revenue from selling access through hulu plus and itunes and you can assume apple will get a cut of the $8 a subscription. hulu will also benefit from additional subscribers and ad revenue of viewers. it is unlikely it will share its ad revenue with apple. it is catching up to ro cu and microsoft 360. we have to see what apple does next to distinguish itself from those rivals. >> indeed. check this out, president obama's new campaign slogan. can you pick out why it is a getting under some people's skin? we'll talk about it when we come back on "power lunch." to the , 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. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. the u.s. hadn't won gold in over 100 years. but thanks to them... and her... and especially this guy, all those years were just a prologue to this. ♪ it's amazing how far you can go with a little help along the way. td ameritrade. proud sponsor of the 2012 u.s. olympic team. time for thepower rundown with jane wells and bob miss santi today. we will start out with india's blackout that cuts power to 280 million citizens, double the population of the united states. the government pledging action. will this weak infrastructure hurt india's chances of becoming an economic super power. having been there several times, i can definitely tell you the infrastructure needs work not just on the electrical grid but highways. what do you think, jane? the economy has been doing better but seem to be lagging behind china? >> here's what surprised me, sue, the story of the day, so huge. like the equivalent of all of north america going down. yet there wasn't that big an impact in the global economy or the markets because of it. i was a little surprised of that. given one tenth of the population without power for those global warming people, did we cool down at all? >> this is a huge story. power systems shutdowns shade 2% of growth of india every year. they're growing at 8 or 9%. 2% is enormous n. the company to watch here is coal india, the ones trying to mine the coals and can't mine enough and trying to get an agreement to become importers of coal. look for that big story because that's the only way out of this mess. >> you're absolutely right. obama's campaign slogan, president obama's campaign slogan giving punctuation nerds ending the word forward followed by a period. i was surprised everybody got all hot and bothered about this. really, people? really? >> we have a lot more to think about, i would think. >> if you look at the "wall street journal," you can't see it on the ipad, the "wall street journal," the logo ends in a period. to me -- >> see it on the left. >> see, there you see it. to me, it's more of the use of the word "forward" i find would bother some people. yeah, i want to make the new bumper stickers that say backward with a semi-colon on the end and make a killing on those. >> bob did history. >> what bothers me, they're down scaling presidential slogans. whatever happened to all the way with lbj or reagan's morning in america. >> you went further back. >> i want to go further, lincoln was in the same situation as obama. lincoln's re-election slogan was don't switch horses in midstream. i liked that. >> bet you didn't know that. >> that was a good one. not really compelling. >> i'm surprised he did the research. >> people rode horses back then. >> hospitals are reporting a huge spike in pedestrians being killed while walking and texting. i'm not surprised, in new york. >> they created as a joke, an e-lane, a profile of somebody looking down on their iphone to basically say if you're stupid enough to walk across a crosswalk looking at your iphone, you can use this lane because nobody is going to run you over and people thought it was serious. they objected when they took it away from them. >> am the guiltiest however the efforts to make this against the law are dumb. you won't hurt anybody except yourself. yes, some car may swerve. that's what civil lawsuits are for. you need to keep some sense of the survival of the fittest still in our culture. >> all right. we'll leave it there, guys. thanks very much. >> back to you, ty. >> coming up, an exclusive interview with herbal life chairman and ceo, michael johnson. questions? 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