Numbers in weak. The stock having one of its worst days in years. Down about 27 , 26 today. This comes as jcpenney fires 2,000 workers and gets set to close 33 stores. The changing face of retail all across the usa. Will malls even exist in 20 years . And the imf chief christine leggard, a major serious warning about deflation. Not inflation. She says it could hit the Global Economy very hard, and central bankers dont really have all that many tools to fight it. Sue, whos always upbeat at the nyse on a bit of a down day. We try to be upbeat. Today down in the dow jones industrial. Checking markets now for you, the dow is down 74 points. At 16,407. The s p down 4 points on the trading day. 184433, last tick there. Nasdaq composite in the green fractionally trying to hold on to a gain. Tenyear note, yield now traded at 2. 84 . Comex gold up 2. 40 and brent crude last trade down a fraction. 107. 10. A big week for the banks. On tuesday, jpmorgan beating the street with q 4 eps 1. 40 versus 1. 35 estimate. Wells fargo better. Q 4 gps, 98 cents on the estimate on the street. Wednesday bank of america came in above expectations. Q 4 eps, 29 cents versus 26 cent estimate. Today, citi missed the mark a bit with q 4 eps 82 cents versus a 95 cent estimate and Goldman Sachs beating the street withq eps, 4. 60, versus, 4. 22. Profits falling nearly 21 compared to a year ago. Joining me, editorinchief of american banker and an analyst is with us. Nice to have you both with us. Neil, start with you. Paint a broad brush so far how were doing with the banks . Theres werent an updieside bias. Bad numbers now. Trading weak, mortgages weak, but the economy is bumping along and the bampnks enjoying that wh loan demands. Good news bad news, kind of like the economy, sue. Weigh in on that, if you could. A miss but bottom line capital improving a bit . Thats exactly it. The earnings miss is a little disappointing. The herbings result weaker than certainly the street expected, as did we. At the same time, the longterm the thesis and driving stock, the ss capital story. Continuing to see progress in terms of the dta utilization, and its capital positioning relative to the rest of the group is best in class, and thats really whats going to drive a lot of the value for this name longer term. So it remains a buy rating on the stock . Correct . A buy rating on the stock, we do. The most upside relative to the other universals we cover. No question this particular quarter, the results were disappointing. Certainly on the trading side, and the expense management was also a bit challenged. Right. At the same time, again, the focus is really going to be on whats driving longtermall thats excess capital generation. Neil, address that, if you will. Stephen, excuse me one second. You know, we did have disappointments. Jpmorgan was a disappointment to the street in terms of some of the components. But in general, the lending issue and the air seems to have come out of the refinancing which a lot of these banks really helped to bolster their bottom line. Absolutely. Large double digit declines in refinancing and mortgage originations weak. Really, that is no longer giving them much drive. Youve seen a little on commercial and Consumer Lending has been okay. Its been up, down slightly, but it hasnt really given them the umph they wanted. At the same time, more regulatory pressure all the time. The banks certainly have a head wind. Steechphen thank you very mu. You have a neutral rating on Goldman Sachs, jp morgan and Morgan Stanley thank you, xbrep appreciate it. To dominick chew to a market flash. Would you believe 3d chocolate bars. Its going to come. 3d systems at hershey moving higher after announcing a partnership to develop printable foods. You heard me right including confectionery foods. Hershey will begin producing its own version of Chocolate Hazelnut spread, taking on nutella. This time, tyler, can you imagine . 3d chocolate bars . Back to you. Make them on a 3d printer, im allin. Nom knick chew, thank you very much. Jcpenney closing 33 stores. Not the worst story in retail. Best buy shares tumbling out of bed like a big screen falling off an unhinged wall mount. Stock down almost 28 . More than 10. Holiday sales dropped despite the fact that best buy offered big discounts. Maybe because of it, discounting so much. The principle in retail analysis mary, and kelly with us for cnbc. Com. Start, mary, if we might, with jcpenney. I thought things were Getting Better and they didnt have a terrible Holiday Season . We believe it is Getting Better. We saw the customer coming back and thought they negatively impacted other retail in particular areas and we actually retailer like like kohls. Discounters. A little bit of macys, although macys managed to distance themselves. Why are they doing this . Theyre trimming by 33 stores, going to lay off a lot of workers. Right. Well, thats part of the plan, i assume. Im sure out of the enormous number of stores they have, that they have 33 underperforming stores. Then what you didnt mention is the fact that theyre bringing in commission for sales associates. Thats a huge positive. Because its showing that theyre going to get more serviceoriented. Overall we see it a little differently than most people do, maybe. So, kelly, we have two stores here. Iconic, big footprint stores. Jcpenney one hand, best buy on another. What was best buys problem this season . In terms of what people were buying. We saw really they did poorly on sales with traditional media. Nobody wanted digital cameras or dvds. Well on appliances and well with buying things online. Best buy has gotten their shipping under control in recent years. Got their shipping together . They do. Careful. Pronounce it carefully. A good pun there. Were not going to go there. Yes. But in the end a lot of the problems stem back to really what people didnt want. When i was there black friday, everyoneslining um to bip the full price video games there. Not there for the tvs, werent there for a lot of stuff that best buy was trying to move. Cut to the chase here. Were talking about two very, as i said, large footprint. Yes. In the case of best buy. Big box store. Usually standalone. Sometimes in malls. Jcpenney, mallbased store generally speaking. Are we witnesses a dramatic move away from inplace, inperson shopping, and presumably to carry it to the lodge irkal extension, the death of the mall as we know it . We dhoint its the death of the mall. We think its the reinvention of the mall. We think mall owners will have to be more aware of whos shopping there and make sure theres the right mix of services and stores to accommodate that customer. Coupled with that, though, we need to have each store pay a lot of attention to ecommerce and digital media, although it cant be all that, or else, you still could spend more in the stores. So it has to be one of the areas at work for best buy, their sales are rising. Folks, we have to leave it there. Mary and kelly, thanks for being with us. Thank you. And sue down to you. All right. Thanks very much, ty. The managing director of the International Monetary fund sounding the alarm bell today in a speech last night she said with inflation running below many central bankers target, we see rising risks of deflation. That is pretty scary. Christine lagarde. If you dont fully grasp the concept of deflation, the desks of it, a decline in prices often caused by a reduction in the supply of money or credit. Deflation has the side effect of increased unemployment, since there is a lower level of demand in the economy, which can lead to a depression. Certainly not a pretty thought. Steve liesman, senior economics reporter covering mr. Bernanke today at the Brookings Institute and sarah eisen, just returned from japan. A country suffering from deflation for more than two decades. Stephe steve, start with you. Mr. Bernanke often warned about the side effects of deflation, and that he was worried about deflation, but do you think at this point that central bankers here in the u. S. See deflation looming like mrs. Lagarde does . I think theres some concern. I think theres, what i think worries the central bankers most, sue, is a lack of knowledge as to why prices seem to be, or the rate of increase of prices. Really what were going through right now is disinflation rather than deflation. Prices arent falling. The rate of inflation lower than the fed might want and few tools to deal with it. No Interest Rates to cut to stimulate the economy. Just quantitative easing. Sarah, speak to me about the experience of japanese officials . Theyve been trying to right the ship from deflation for, as we said, about 20, 25 years. Exhibit a, sue, of why central bankers are so afraid of deflation. Why its enemy number one. Christine lagarde called it the ogre. Look long term since the mid90s, japan suffering from slow economic growth. That gdp chart not showing much strength, and low prices. Namely, deflation. Youve seen that impact corporate profits in japan. Seen it impact everything from wages, consumer behavior. Thats why abe nomices is getting attention and traction. Got, stimulate inflation, wake the consumers up and signs its starting to happen. Look how long its taken and how many guns, the bank of japan, had to pull out to try to fight it . Absolutely. Steve, speak to that. What tools would the fed have or what, better said, could be the most effective tool, if any, the fed had, if, indeed, we started to suffer from deflation rather than disinflation . Well i mean the fed could up its purchases of assets out there in the economy. I mean, theres i guess you go back to the 2003 speech by ben bernanke which it could theoretically at least give everybody money. Which is keep printing none get that inflation rate up. The theory, sue, is that the fed can pick the inflation rate but not the unemployment rate. So thats the theory, at least. One of the things going on right now, and abenomices hasnt preserven it either way yet. Why cant the fed pick it at once . Once 2 inflation. John williams, the San Francisco fed president , asking the question, maybe we need have a somewhat higher inflation rate . We dont want to be near zero we want a bigger cushion we cant possibly glet. Aim for a higher target. John williams saying, i am not touching that. The answer to that question, because the inflation target, he said, the electrical third rail of monetary policy. Absolutely. All right. Leave it there. Thank you both. Appreciate it very much. Ty, up to you. Sue, thank you. General motors, toyota, ford, having deegant 12month runs in the stock market. Are those fortunes about to turn based on the buying or not buying patterns of a new generation . Our phil lebeau at the detroit auto show. Phil . Reporter tyler, a problem all of the automakers are trying to solve. How do you get more people between 18 and 34 to come into the showroom and buy a new car . A new study out theres delloyd, specifically looking at the trends in terms of attitudes from geny buyers. 62 plan to buy within three years. 23 within the next year. Look at that bottom number. 8 say, huhuh. Not interested in buying. One reason why you see more of them not interested in buying is because 40 of the geny surveyed are more interested in car sharing or other programs that meeds their needs in terms of getting around. 21 of genymplt, willing to give up cars for other options whether Mass Transportation or simply getting around on bikes in the city. Whatever it might be. 57 of the geny surveyed expect to drive an alternative engined vehicle within five years. This stat gets me. 58 thinks the government should defray the of the coulds. Looking for an incentive to buy. One other stat getting a lot of attention in the Auto Industry separate from the geny buyers, Overall Development of the Auto Industry. Staggering. Ihs automotive looking at global auto production. 87. 4 million vehicles that are expected to be built this year. The big increase coming in china, up 9. 2 . North america, up 4 . Actually, japan and korea, down 5. 6 thats a slight increase kpired to where we were earlier this year in terms of expectations as you look at auto stocks today. A mixed board across the way, look at tesla. Wow. Up over 170 for the First Time Since early nofr and tyler and sue, one more stat that should blow your mind a little bit. Next year, global auto protection expected to top 91 million vehicles, break that down. That mean as quarter million new cars and trucks will be built every single day next year. Back to you guys. Wow. Phil, thank you so much. You know, since Marissa Mayer took over at yahoo in july of 2012, the stock is up 157 . But does that tell the whole story . Well, just yesterday she dumped her chief operator officer. A man she personally hired just a year ago saying, during my own reflection i made the difficult decision that our coo enrique decastro should leave the company. Is she making the right move and why did she fire him . That question next on power lunch. Weve completely integrated every step of the process, making it easier to try filters and strategies. To get a list of equity options. Evaluate them with our p l calculator. And execute faster with our more intuitive trade ticket. Im greg stevens, and i helped create fidelitys options platform. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Stacys mom has got it goin on stacys mom has got it goin on stacys mom has got it goin on [ male announcer ] the beautifully practical and practically beautiful cadillac srx. Lease this 2014 cadillac srx for around 319 a month with premium Care Maintenance included. Welcome back to power lunch. Check out shares of tesla. Highs since tuesday, q 4 deliveries of its model s car, shares up about 16 this week. Tesla shares motoring, sue, to the upside. Back to you. They sure are. Thank you. Shares of highlight packard trading at a new 52week high. Raising the pc maker to a buy from neutral saying hps fiveyear turn around plan will continue to yield benefits. Stock is up. Six buys or overweight ratings. Zero sells and 19 holds. On the other end of the spectrum. Kroger hit hard. Down 4 1 3 because of general caution over that sector. Analysts and how they stand on kroger, seven buys, one sell and five holds. Ty . Up to you . Sue, time for the power rundown. Today it is all about marissa maper and the latest drama at yahoo . Joining us, Julia Boorstin and jon fortt. Chief operating officer, firing, handperked guy, henrique de castro, with the company about year. One of the highest paid execs in silicon valley, apparently they didnt see eye to eye and ms. Mayer decided it was time for him to leave the company. Raising questions, multiple ones. Yahoo s earnings outlook. Folks, is this an Early Warning is sign about bad earnings . Jon, take a whack . Maybe. We didnt expect much out ofy revenuewise. The display ad businesses, the main area he would have been concerned about, search and other areas have been contributing more. So, ah i think it says more about marissas hiring and ability to work and act quickly if her decisions arent working out tht julia, thoughts on the earnings specifically and second topic, is the turnaround at yahoo coming off the rails . Well, remember that earnings are coming up at the end of this month. This news comes a couple of weeks before those earnings announcements. I think jons right, but we have to remember that this is a pretty good scapegoat. Restructuring the company. If the numbers dont come in as expected and expectations arent high. If they come in lower, a Good Opportunity for mayer to say, look, i rearranged things, already made changes to try to address those issues that were struggling with. I think finish your thought, julia . As for the turnaround, well see how things look this quarter and whether or not she could get the kind of structure in place to make things start to work in future quarters. There could be a lot of concern she has so many people reporting to her directly now. Moving on to the management style question here. Im reminded of jason kidd, the new coach of the nets who fired his highly paid assistant after about six weeks. Said we just dont see eye to eye. Theres a clash here. Is there a question now, jon, about ms. Mayors management style and approach . I dont think its a question so much, tyler. She said in the past openly, well, i ran thought experiment who might be a better cfo than ken goldman and couldnt think of anybody. Hes still around. She runs these thought experiments on people all the time. Some say thats healthy. Shes always making sure that her people are doing what she wants them to do. Hey, this turnaround will take a long time. Not a case where yahoo was fuddly healthy but just had structural things to work out. They have to reinvent all of what they do. She has to work on that. Is this a sign of strength as a manager . I think mayors has mayer is nay torously late. Seen as a sign of disrespect for employees and not particularly warm or empathetic. This is a situation where firing someone she paid so much money to bring over and handpicked, so soon after he was fired, she should say, i made a mistake. I think sort of acknowledging that she really did not handle this well, would be welcomed by both investors and employees. A very interesting insight, julia. Very, very interesting. Did know know that about her. Lets talk, if i might, quickly, julia, about aol, the stock is higher today. Why . Any idea . There is big news out yesterday afternoon. Umm offloading moneylosing patch business. Patch was a local News Business with hundreds and hundreds of sites around the country. Now, theyre creating a joint venture with a private equity fund called hail global. Aol will maintain a minority stake. If hail turn it around, upside. I was topped yesterday, potential upside without the down side of all the operational losses weighing on their balance sheet. Tyler, patch has been a problem for aol for a while and investors are thrilled to see it off their books. All right. Thank you very much. Jon, julia. Appreciate it. Over now to dominik chew, market flash. On the down side [ inaudible ]. Im going to take it. Having a little audio problem here. Talk google. It is building what is said to be the worlds biggest private airplane terminal. We are there live. You absolutely have to see this. Plus, also ahead, crime and punishment. Andrea daze is on the case. Reporter the billion dollar business behind stolen antiquities, coming up right here on power lunch. Hey, the new guy is loaded with protein really . 25 grams of protein. What do we have . All four of us, together . 24. Hes low fat too, and has five grams of sugars. Ill believe it when i [ both ] oooooh. Whats shakin . Oops. [ female announcer ] as you get older, protein is an important part of staying active and strong. Ensure high protein. 50 of your daily value of protein. Low fat and five grams of sugars. See . Hes a good egg. [ major nutrition ] ensure high protein. Ensure. Nutrition in charge about the most tracktested is ever. But the truth is. We dont have to. The experts have spoken. Now its your move. [ male announcer ] legalzoom has helped start over 1 million businesses. If you have a business idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reality. Start your Business Today with legalzoom. Were here to help you turn your dream into a reality. So i can reach ally bank 24 7, but there ar24 7. Branches . Im sorry, im just really reluctant to try new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel that in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Welcome back to power lunch. Try it one more time. New skin, stock halted. China investigating its business practices. The company said it is aware of this particular investigation. Well see what happens with these shares pending news or the resolution of this trading halt. Back to you. Down 21 . Dom, thank you. Authorities estimate that stolen antiquities fetch several big bucks on the black market each year. Andrea dey that a story about one of the largest cases in u. S. History. Reporter listen to this. Every year billions of dollars worth of stolen antiquities are sold around the world. Billions. Theyre treasures that can be had for a price. Like this, People Holding on each side. Reporter a treasuretrove from ancient art from india 134ug smuggled into the u. S. Motivated by greed. Reporter crafted by artists thousands of years ago. To me, absolutely price lis. Reporter this frommen 17th century still covered with earth. The associate director james dirngens. Actually listed by interpol as in their top ten most wanted artifacts. Reporter after an International Hunt these pieces are finally going home. Indian consulate general theyre going back, its a matter of joy and a matter of pride. Reporter but this is just a small part of the dark secret of the antiquities trade. Interpol washington director when you look at interpol database, over 42,000 items there. Add up a value we could nomly give each one of the things, the price is staggering. Reporter stolen antiquities pass through the hands of this man. A notorious smuggler and prominent art dealer in new york city. Weve seized hundreds of items. Reporter kippur, accused of using his gallery for an operation. Its now closed. Investigators say he sold legitimate works right next to stolen treasures. The art scooped up by museums around the world. Including the National Gallery in australia, and the metropolitan museum of art in new york city. The met telling cnbc it received a number of gifts from kippur in addition to buying some pieces. Weve gone in to Business Owners and taken them off the backs of the walls, the lobbies where theyre displaying them. Reporter kippur works with a ring of thieves targeting abandoned temples in india in cases swiping carvings and sculptures off temple walls. Work in the shadows and in remote areas where you cant have law enforce mptd everywhere and all the time. Reporter her says kippur created phony paperwork to hide the origins of the stolen pieces and brings them in to the u. S. Undetected. Some trshers had buyers ready and waiting. A huge market. It is a huge market and buyers need to beware, because theyre not completely innocent in this. Reporter the manhattan d. A. s Office Issued a warrant for kippurs arrest. Hes already behind bars in india on charges of trafficking precious items. Investigators seized millions of dollars worth of stolen works from his gallery and found much more stuffed into Storage Units around the city, including this statue valued at 50 million. This 1,700 buddha head and a bronze statue valued at 2. 5 million. In terms of the damage, the irreparable damage done to a culture and its people, you cant put a value to that. Reporter now authorities believe theyve only recovered a small percentage of the stolen treasures and are urging museums around the world to examine any works associated with kippur. Theres been other people arrested in this investigation, and there may be others down the road as well. Reporter this case is far from over. The met says its currently researching ownership histories of all works connected with kippur. The National Gallery tells cnbc it purchased six pieces and is currently working with authorities. Back to you. Andrea, thank you very much. To the gold market now. Prices closing. Sharon epperson is tracking action for us at the nymex. Hi, sue. A quiet day here in the gold market. Up a about a 1 or so. A tight range today and yesterday. 9, 10 range and it seems traders are watching the technical levels, 40 day moving average, 50 day moving average. Between that 12. 33, 12. 34 level and dont want to pick a direction until we see the outcome of the next fed meeting on january 29th. Theyre also paying close attention what is happening in terms of some of the other elements that, of course, always affect gold. Talking about equities and the dollar and the fact they rebounded is also put a lot pressure on gold. Also watching whats happening in terms of volatility. Gold volatility at the lowest level its been since april. A quiet market. We want to see what happens with the fed. Thats going to determine the next direction for gold. Back to you. Thank you, sharon. To the bond market right now. We have yields holding kind of steady. Rick santelli is tracking action at the cme. Thank you, sue. I continue to have fun with the thought, how many 3 closes have we had for 2014 thus far . I asked traders before i give you the answer, look at the train day. You can clearly see, no 3 there as we hover just lee bow the mid280s. Down several basis points on the day. Closed year the 303. A chart yeartodate. We didnt have any 3 closes in 2014. And there actually has only been several for the entire run. Even though intraday violations have been frequent. Now, if i look oversea, the big talk in many circles is ray joy and the spanish threeyear note auction historic close. Going back to the fall of 09. E wont find a lower tenyear yield and its under 100 basis points difference with our ten year. What can we draw from that . Wow. Makes a 284 tenure look bit expensive. Doesnt it . Sue, back to you. Okay. Thank you very much. Youre up to dayton 0 the bond market. Look behind me, im on post nine, behind me he you see all the traders, where new skin is traded. Alled, dom told us. It had been hit hard earlier this morning on news china is investigating its business practices. New skin will work with the chinese authorities. It is halted. The indication, city 88. 5 . 82. 5. Indication. About to open it. I dont know if the book is frozen yet. Thats what theyre doing. Working it out pt crowd, post of nu skin. Well keep you posted when they open it. Youll hear them behind us, at post nine. Dom, back up to you. That price action interesting. Focus today. Another stock getting pretty much out of the gate quickly this year, its rallying again today, since january 2nd when it announced it would buy cyber forensics firm, up a whopping, get this 60 . Just in the first two weeks. Investors stell like the fireeye story. Shares up today. Dominick, thanks. Wildfires ripping through Southern California san gabriel mountains. Extreme dry in the golden state fanning the flames. That dry spell also threatening californias crops and cattle. Janes wells son the story. Whats going on, jane . Reporter tyler, got one heck of a brush fire in the hills of los angeles. Hearing 1,700 acres burned. 5 structures damaged, 3 people questioned. Expect this in the fall. This is january, and the dry spell has national implications. Drought. Its whats for dinner, when power lunch comes back. That its given me time toabout reflect on some of lifeseen biggest questions. Like, if you could save hundreds on Car Insurance by making one simple call, why wouldnt you make that call . See, the only thing i can think of is that you cant get any. Bars. Ah, thats better. Its a beautiful view. I wonder if i can see mt. Rushmore from here. Geico. Fifteen minutes could save you fifteen percent or more on Car Insurance. voseeker of the sublime. Ro. You can separate runway ridiculousness. From fashion that flies off the shelves. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national is ranked highest in car rental Customer Satisfaction by j. D. Power. natalie ooooh, i like your style. vo so do we, business pro. So do we. Go national. Go like a pro. Over the pizza place on Chestnut Street the modest first floor bedroom in tallinn, estonia and the southbound bus barreling down i95. This magic moment it is the story of where every great idea begins. And of those who believed they had the power to do more. Dell is honored to be part of some of the worlds great stories. That began much the same way ours did. In a little dorm room 2713. This magic moment welcome back to power lunch. Bringing you up to speed something sue talked about before the break. Shares of nuskin, multilevel marketer, reopened for trading. Remember, about 90. 30 going in to the volatility trady curve or circuit breaker. It halted for trading. It reopened. Went down to 83. 60. The last indication that were seeing at least for right now. The shares were then halted again given the volt tilt volat trading pause. Fell too far too fast. I just asked the guys behind us whether there was a new indication. As of now, we can see, no indication that we can see right now. Any indication on it . 83. 5 is okay. Over the edge. There we go. Talking to the cap it looks like theyre working it open. 83. 5 was the indication. Well see whether or not we get a trade at that. Bob . What theyre looking at here, of course, just reports that the chinese authorities are investigating nuskin for distributing false information and conducting illegal business. Obviously weve got to get to the bottom of that. Its murky whats going on exactly. Theres been reports leaked and vague allegations. We need more information whats going on. This has been going on a couple of days t. Has. Kind of a saga. A real up and down here. Moving on. Markets split today. One of the signs of a healthy market, rotation. When you see out of favor groups coming in and in favor groups going out, thats what you want to see. Laggards today, gainers. Stocks beaten up badly throughout the year. Telecom, utility, steel stocks. Natural gas stocks. Your gainers for the year. Put the screen up, you can see. Theyre up today. Today you see groups that are down. Some of the other groups that are down. The leaders of the day. Bank stock, for example. Networking stocks. Transport stocks. Aerospace stocks. All the leadership stocks throughout the year. Theyre down today. My point, getting rotation going on. A sign of a healthy market. Banks today, citi group a little off estimates, but by and large most of the other bank stocks have come in okay. Its not unusual to see profittaking. Citi group had a great year last year. Finally, sue, i want to mention there is reports of an investors meeting on puerto rican debt occurring today. No information on that. Its been a concern obviously. 70 billion in Public Sector debt and perhaps a moratorium on the debt. Both down fractionally. Down mostnoticeably in the last couple days. Head uptown to the nasdaq. Sue, good afternoon. After two big days of garins for the nasdaq, the composite taking a breather. Start with losers. Yahoo along other large cap tech names weighing on the index. When you look at the nasdaq, still faring the best out of the three major indexes. The nasdaq 100, in fact, up by 1 . The big movers, the sciences, hit a new fresh 52 week high. Alumina shares gaining ground after unveiling its 1,000 genome sequencer at the Jpmorgan Health care conference. Back to you. Seema, thanks. And a wildfire in Southern California california aggravated by the dry spell. Californias cattle farmers dealing with dry weather for months and consumers could soon pay more for a burger or tbone because of it. Jane wells, live in los angeles to explain. Hi, jane. Reporter tyler, to have this kind of high fire danger in january is unheard of. But we havent had any rain. No rain is in the forecast. And 2013 was the driest year on record. Going back 160 years. Rear ranches cattle and beef prices are already very high as recent droughts in texas had ranchers thinning the national herd. Hate prices going up. No grass growing out of the ground. So the cattle greer is sending feed lots way less, lighter weight means less beef, means higher prices. Two years ago we were shipping steer calfs that weighed 650. Last year we shipped calves that weighed 570. If this keeps at this current rate, i would be surprised if we shipped calfs that weighed 500. Reporter look whats happening with live cattle futures. The governor has yet to officially declare a drought here, which would allow some reallocation of water. Could happen next month. They need a noahlike year get back to even. And how farmers in california are cancelling john deere orders because its not going to be a good year. Sue . Thank you. Dominick chew for a quick market flash. Momentarily distracted by a Birthday Celebration taking place behind me. My appall jies. A lot of stuff going on. Nuskin down 74 , 75 jumping all over the place. About 76, trading at now. Got doan as low as 74 i saw at one point here i believe. This is a skittish trade now. Still its begun trading, sue. You can see from down there, next to the post. Were seeing now around 73, 75 last, but again a lot of volatility in u. S. Shares now, sue. Yeah. Talking a lot about it. Mannys down behind post nine getting the shot of the guys who have been trying to get the book on nuskin, and as you said, dom, its really all over the board. Last trade i see is 74. 23. But its trading fast, and its trading hard to the down side. So were see how that how that fares. Meantime, on the fire front, my mominlaw lives right by that fire. Mom, stay safe. I hope you dont have to evacuate. On another note, said to be the Biggest Airline terminal in the world. Its been cleared for takeoff, and josh lipton is in san jose with details. Josh . Reporter yes, sue. How many people do you know who can spend 82 million to build a private jet center . Im going to tell you who when power lunch continues. Ves a lf the same things you do. Its what you love about her. But your erectile dysfunction that could be a question of blood flow. Cialis tadalafil for daily use helps you be Ready Anytime the moments right. You can be more confident in your ability to be ready. And the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. Tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. Do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in Blood Pressure. Do not drink alcohol in excess with cialis. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, seek immediate medical help for an erection lasting more than 4 hours. If you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a 30tablet free trial. Afghanistan, in 2009. On the u. S. S. Saratoga in 1982. [ male announcer ] once its earned, usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection. And because usaas commitment to serve current and former military members and their families is without equal. Begin your legacy. Get an Auto Insurance quote. Usaa. We know what it means to serve. Coming up on street signs, hunting with the names worth bottom fishing for. Also, getting to the bottom of things. The bottom of nuskins problems with chinese authorities. Marissa mayer isnt perfect pap hire and then a fire. All those and more. Back to you on power lunch in the meantime. Mandy, thank you very much. Googles founders amassing an impressive collection of private jets. Their problem is, where are they going to put them all . How about building the biggest private air terminal in the world . They have the money to do it and josh lipton has the latest. Hey, josh. Reporter sue, yeah. Googles founders larry page, serge brynn, eric schmidt, prime land at the international airport. Learned from sources groundbreaking begins in february for a new jet terminal serving googles founders. The 82 million privately funded project is expected to be completed by the end of 2015. Signature flight support, a company that manages corporate aircraft will build the facility in partnership with blue city holdings. Thats a corporation representing the personal aircraft of googles principles. Industry experts tell us this hangar to woe terribly accommodate 60 aircraft. At the end of the day, its money and jobs for san jose. More revenue from the airport, and a vehicle for the google founders to get out of town quickly when they want to. Tyler, back to you. Josh lipton, thank you very much. Power house time. This week we go to philadelphia. Mike mccann is back with us. Associate broker with berkshire hathaway. The first listing. Some of the houses dont look great on the outside. 1011 Watkins Street listing for 309,000. Above the median or average in town. Taxes, 2,700. Two beds. 1 1 2 baths. 1,120 square feet. Beautifully renovated. Exciting area known for restaurants. Its an dwlaer had been a blue collar area and now a lot of fixing up going on. Beautiful wood floors throughout. Exposed brick walls. Custom kitchen. Many architectural details. Backsplash, something that the firsttime buyers will walk into and love. A center city location . Where . This is south philadelphia. Called east past young square. One of the red hot districts, where someone can afford who cant afford a 1 million or 800,000 home. Second listing. 506 cater street listing for, 569. 900. 2,100 square feet. H tell me about this one. Yes. Located in the Queen Village section of center city. Its just off the south street. The hippest street. This home was done several years ago. Has everything is gorgeous. Walkin, third floor master bedroom suite. Walkin closet to a large deck and then an upper deck with a skyline view of the whole center city skyline. You can watch the fireworks. From the fourth of july. Breath techitaking view. Movein condition. Tell me why briefly that second listing is 1,000, first on a smaller, cheaper house, 2,700. Are those numbers right . They are. Best thing the city did. A tenyear tax abatement for restoring homes or brand new construction. So they keep the taxes where they were, even though someone would fix it up and resell it. Moving on to power house of the week. 224 delancey asking 1. 5 million. Tell me about it. The finest. That is society hill, historic area. Cobblestone streets. Gas lamps. Walk to independence hall. Headhouse square, it is back in time restored beautifully. The home itself is four levels. Yes. Its impeccable. Stateoftheart. Fantastic outdoor space. Great master suite. Great for entertaining. Thats a beauty. Mike, leave it there. Got to go back. New news on nuskin. Dominick chew . Okay. Another circuit breaker. Take this. 90, about 90 for nus shares. Circuit breaker hit around 93. Opened for trading. Now down to 71. Another circuit breaker. Halted for trading. Again, about 90, down to 82, 83. Now down to 70, 71, halted for trading again. The indication, somewhere between, sue, confirm this, between 68 and 73 a share. All kinds of choppy price action now. Whats happening behind us here is, theyre trying to get the books straight on where theyre going to open it. Ive got to tell you what im hearing, sneincidentally, see t guy with the headset late to . Theyre trying to figure out where they can get bids to open the stock. Right now, nopes tabodys takit 63. Im hearing, where will you take it . Closer, it looks like, we dont know. Looks like closer to 68. Trying to get people to bid on it right now, dom. Well continue to follow nu skin, as as we do, other things on our agenda as well. The three big geopolitical trends of the future. Michelle cabrera looking at whats ahead. Back in two minutes time. We know were not the center of your life, but well do our best to help you connect to what is. [ male announcer ] eenie. Meenie. Miney. Go. More adventures await in the lexus lx. Dare to be spontaneous. [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this . Natural gas. More than ever before, americas electricity is generated by it. Exxonmobil uses advanced visualization and Drilling Technologies to produce natural gas. Powering our lives. While reducing emissions by up to 60 . Energy lives here. Welcome back. Cnbc turns 25 this year, and over the next 12 moss well be focusing on what the world looks like 25 years from now. Were being a little silly. Hard to tell stories about the future. Nobody knows for sure. Enough of the alister cook thick. First, i found several people paid to think about things that far ahead. So im kicking off today with a look at the international scene. This hour, france, east africa and the impact of shale gas on u. S. Policy in the middle east. I spoke with two people who specialize in thinking about the future. George friedman, the founder of stratford, a geopolitical Intelligence Firm and author of the book the next 100 years. Also spoke with clotera pai. Author of moving up why some cultures advance and others dont. Here are three trends they think will be true in 25 years. First, the chief International Correspondent of the future is likely to spend less time reporting on u. S. Military intervention in the middle east. The rationale, the huge increase in shale Gas Production here in the united states. Weve had a revolution in energy. Our dependents on imports particularly in the middle east have declined. The kind of pressure we felt when Saddam Hussein invaded kuwait simply isnt there. Trend number two the chief International Correspondent will be covering africa a lot more in 2039. Its got a fastgrowing population. Its going to have the worlds cheapest labor. So its going to be home to manufacturing. And, yes, it does have Corporate Governance problem, political instability, but that can change. There is a political stability issue, but in 1978, when everybody got, started going into china, there was a huge political stability issue there. So i would argue that east africa and the entire Indian Ocean Basin is going to become a very interesting place, and i think we should stop thinking about africa the way we used to. Trend number three europe. Less economically relevant. Asia and parts of latin america are growing much faster embracing progrowth policies and hard words for this home country of france. France is becoming tourist garbage. Caan is going to be you museum. Just a museum. Why . Because if you look at the way the french culture is going, this is so depressing. People are so depressed. There is no optimism. That is from a former frenchman. Tourist garbage can . Maybe put some of those sunglasses in theres with it. More shale equals less gas. More involvement. Thieve there. Bob pisani with more on nu skin. Waiting for it to reopen again. The fourth trading open. Immediately shot up. This time went up, not down, and halted. I understand deutsch is defending it. Looks like 71 and change. It will open until about one minute. Thank you very much, bob. Street signs begins right now. Car alarm chirps ] [ male announcer ] we dont just certify our preowned vehicles. We inspect, analyze, and recondition each one, until its nothing short of a genuine certified preowned mercedesbenz for the next new owner. [ car alarm chirps ] hurry in to your authorized mercedesbenz dealer for 1. 99 financing during our certified preowned sales event through february 28th. 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. A body at rest tends to stay at rest. While a body in motion tends to stay in motion. Staying active can actually ease arthritis symptoms. But if you have arthritis, staying active can be difficult. Prescription celebrex can help relieve arthritis pain so your body can stay in motion. Because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. Plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. Celebrex can be taken with or without food. And its not a narcotic. You and your doctor should balance the benefits with the risks. All prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high Blood Pressure or when nsaids are taken for long periods. Nsaids, like celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. Patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. Dont take celebrex if you have bleeding in the stomach or intestine, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. Get help right away if you have swelling of the face or throat, or trouble breathing. Tell your doctor your medical history. And find an Arthritis Treatment for you. Visit celebrex. Com and ask your doctor about celebrex. For a body in motion. Do not adjust your television screens. You are hearing correctly on the radio. Those shares are getting hit that hard. Best buy losing nearly onethird of its market value right now. And Multilevel Marketing Firm Nu Skin Enterprises down 34 . It has been halted already a couple of times today. Two separate stories here, but we have got them both covered for you on day where the retail wreckage is strong. Mandy . Indeed. Kick it off with nu skin and herb greenburgh following this story. Yesterday you raised the red flag. It was just that. The china peoplesai