Tech. Those would be the googles, imbs, microsofts, the apples of the world. Were going to talk with a fund manager top person who owns them all. First though, so sue at the nyse. Im going to pick up where you left off on that yield on the 10 and 30year treasuries. Hitting lows. Right now, the tenyear is 2. 45 . We were just a moment ago at 2. 44. The yield on the 30year is 3. 301. What does that mean for stocks you ask . It means a lot. Bob pisani is here to tell us exactly what. It means uncertainty and thats an issue for the market. Risk is a little bit now to the downside. Lets look at what the tenyear did. Around 8 a. Move to the downside. Immediately, we had a cascading series of effects. Gold, for example, we talked about gold and some of the fear indicators. Gold dropped about the same time we saw a move down to the side. After that, s p futures, which of course trade prior to the open, it dropped. See that . Just after 8 00. Okay, what caused all this . I think a lot of this has to do with technical factors. Put up the tenyear again. Once it broke a little bit, thats when the whole cascade happened. Weve talked about deflationary concerns, even modest buy programs in a thinly traded market can move the yield down aggressively. What we can see is the effect, so look at gold stocks, for example. You see most of them down rather notably today. 3 , 2 . We had a nice report from toll brothers. A series of good reports in the Home Building area. New and existing home sales, the kay schiller numbers yesterday, that sector is to the upside. So, well leave it in the green. Thanks, bob, very much. Uptown to times square where the nasdaq is and sema. The markets may be flat at the moment, the nasdaq down about seven o eight points, but when you peel back the layers, youll see there are a lot of individual stock movers driving investor interest. Apple up about 18 over the past one month and it continues to move higher hitting a new fresh 52 economy. Bernstein raising to 700 a share. Also making the 52week high list in todays trading. On the losing side, ebay, whole foods, momentum stock, tesla, pairing yesterdays gains all to the downside. Another loser on the nasdaq, global i. T. Consulting firm, president and board member has announced his resignation, surprising many analysts. He was widely considered a top contender for the position of chief executive officer as the current executive, he is expected to retire in 2015, so youre seeing shares down about 3 to 4 in todays trade. Back to you. Thank you. Well see you again in just a little bit. Breaking news, this is an auction week. The bond market, fiveyear note up for auction. Rick santelli is at the cme. Same as yesterday. We gave it a charlie plus. C plus. Ill tell you why. First of all, remember, weve added strong rally, whats everybody been talking about today . The drop in yields, rise in prices. 35 billion finds price to the yield of 1. 513. The big side was 1. 51, so we tailed three basis points. We take something away for that. 2. 73 good to cover close to the ten auction average. The 50. 4 indirect, close, a little stronger than ten auction average, but we see a deficient 10. 5 on direct and we see dealers with 39. 1, which is a good thing, but the pricing, didnt really like it. Could have gone b minus, but we have to sevenyear note to look forward to and remember, a lot of buying going on in treasuries probably zapped a bit of the demand today in the fiveyear. Thank you. A wild day for smith and that striker would make it big for the medical device maker. It rose again when welz fargo said it may make it big. So you got this back. Trading up, striker up as well, although off of its highs from yesterday. Again, medical devices in the news today. And competition taking together, that would be the reason. Williams sonoma upgraded to overweight from neutral. Best in Class Customer service. And despite General Motors recall crisis, mary bara graces the cover of forbes list of the hundred most powerful women. She ranked number seven. Sue . To the sold out code conference now on the Pacific Ocean. All the biggest names in tech are there. Jon ford is in as well. Hi, sue. Brian here with us fresh off the stage at the code conference. Want to dig right talk about intels relationship with microsoft and these robots here, but first, lets talk about the microsoft relationship. Wintel used to be a big duo, but last night, saying hey, were going to deal with other people when necessary. Play on other platforms when necessary to gain share in mobile. You say much the same thing today about your work with google. Youre as close to google as you are to microsoft. What does this signal about where intel is headed . Both companies i think especially intel, are just becoming more market driven. Where am i going but its about really becoming market driven. And well go where the market goes. As youve seen android grow, weve gone out and gotten into android. Were still the only company that can go ios, chrome, android, windows, on the same device. One of the things that youre moving into beyond the pc is embedded systems, showing that your chips arent big and hot, you can also do more emotional things. Robots here. Tell me about this one because its lower cost than some of the other robots weve seen show up. You say this one can be a hobbiest. The robots youve seen today, 15, 16,000. Thats what we showed on stage today. This robot is about 1600. Its powered with the new edison chip and its really designed as a Development Platform and something for hobbyists. And this one can get up and cause some mayhem, but it can do quite a bit. Now, i also want to talk about tablets and phones. Tablets in particular, youre taking some losses right now. Trying to gain share in the tablet market. Should investors expect that to continue just far into the future that youre going to have to bring the margins down to order the share. Your stock now is near the highest of the session because people expect there are going to be more profits. Stacy and i have said that we believe over the longterm, we can make this margin neutral and you see products like sofia, that are specifically designed for the entry lefl smart phone, entry level tablets and you saw our announcement yesterday, a partnership to build additional products targeted toward these specific markets that allow us to go back into the margin area. Sues got a question. Yes, brian, its a pleasure to have you on power lunch. I wanted to get your reaction to John Chambers comments last week. Your industry is going to go through what we he called a brutal period of consolidation. There will only be a few big players left in se ten years from now. Do you agree with that . I dont know if it will be a few, but the industry and just like all Mature Industries, is going through consolidation and i think there will be fewer players ten years from now than today, i do. How concerned are you as a ceo of a Major Technology company about what the chinese may or may not be doing by way of industrial or National Security espionage . What safeguards do you have to make sure that your most proprietary and valuable technologies arent ripped off . Sure, so, we have operations in china, we had operations in china for more than 20 years. We had a variety of safeguards, just not only in china though, but anywhere we offer, including in the u. S. To protect our intellectual property from any kind of theft or loss and just overall, pe partner well with china as far as making sure our products have known back door, were constantly upgrading security and were adding the mcafee assets to protect everybody, no matter who they are and what their country of orgin. Intel makes a lot of investments. Since youve been ceo of the data center side, in the consumer side with basis, things like that. There are valuations have gotten pretty darn high right now. What do you see . Do you see a tech bubble in certain areas maybe more than others and what areas would those be . You know, i think theres always valuations are based on peoples projections of growth. So, when you see areas like big data, they have very high valuations, but people are expecting large areas of growth and actually think that space is going to continue to grow. Now, there are some other areas weve talked about around the data center, around some of the Consumer Products. I think those areas are starting to level off and you can see the valuations starting to become a little bit more normalized and stabilized. Mary this morning talked about internet trends, certain areas like india, indonesia, nigeria, where theres a lot of growth right now in mobile. People havent figured out how to monotize it. How are you looking at those areas and how intel will . Sure, the first thing that happens, whats good about it being at intel, we have products across the full spectrum. The first thing those countries of growth require is sfrux. They need data center backbones. They need the internet infrastructure. So thats a place where we first come in and help and those are areas that are strong margins. Then we come in afterwards with the Consumer Products and i think what youll see is that just like in china, people thought you know, the same thing was going to happen as china started to emerge and where was the margin, but if you look at it, the average selling price and percent of Core Products that we sell in china is actually as strong as anywhere else in the world and so, what happens is people tend to buy up as they become technology savvy. Brian, ceo of intel, joining us here on cnbc. Enterprise led in a way. In some of those areas where theyre trying to monotize mobile. Thank you very much. Lets stick with the code conference theme and dominic is looking at big cap tech stocks. Starting with intel. I mean, the conference is putting a lot of these companies in focus. Where the action is when it comes to those name, with intel, we just heard some of that story from the ceo. Since hitting more recent lows on february 5th, the stock has rallied 14 . So, intel, an interesting story. Then theres cisco on the networking side of things. Heres a company thats rallied again since december of last year. Now, the Common Thread isnt just the established, mature nature of both companies. Investors like the three plus percent dividend yield that each company offers. One is google, shares corrected some 17 in just two months after record highs in february, but theyve started to turn around since then. You can see on the right hand side of your screen, then theres big blue. Ibm. The stock is still trying to find its way. Its down 2 in 2014, but down 11 over the course of the past year. Now, remember, Warren BuffettsBerkshire Hathaway way owns nearly 7 of this company. They still see value there, but the question is, when will other investors. Down 2 over the past two monlts in a rising market. Sue . Theres a lot of headlines coming out of the conference, so is tech the place to be right now . This gentlemans going to talk to us about that. Mike holland is chairman of holland and company. Welcome back. Thanks for having me. You own a lot of these big cap names, the apples, intels, google, microsoft, ibm. One of the questions were asking today is are they basically fairly valued at these levels . Some have had quite a run. If you just take a look at what you saw with intel, i think the answer is clear to me that theres very attractive potential upside to the stocks at these levels. Intel is down two. Rick santelli was just talking about a 1. 45 treasury. Thats an incredible pick up in yield, but the stock is also 14 times current earnings, so the earnings yield, if you put that upside down, is 7 . And plus you had another, youve got a double digit value when you buy intel today. We just heard the ceo. Theres an attractive package of potential products and strategy going into the future. Thats an impressive man. I think google is is similar. I think in the case of ibm, you have these similar stories with old tech, as they refer to them. I basically asked him whether or not he sees tech in a bubble or jon ford asked him that. Sounds to me you do not see that. No, i dont. I think it was a great interview, by the way. China as well. But i think, sue, that what you have is a situation where at the extreme edge, twitter through the ubers, i just heard a second ago, teslas, you have a fringe element of the stock market you and i have seen before, which is ridiculous valuations. There certainly is a bubble and its starting to get puntureded a few months ago. Absolutely. Mike, thanks. Stick with us because i know youre going to rejoin us later. Were going to broaden thins out. So well see you in just a few minutes. Sue, google rolling out its Driverless Cars. No Steering Wheel, no brakes, but will we really see these kinds of vehicles on the road anytime soon . Phil lebeau always behind the wheel. What do you say, phil . Bit of a reality check because this is very cool technology, but the odds of the federal government or State Government saying sure, roll out the google car anytime soon, theyre pretty slim. Were follow once we return. I make a lot of purchases for my business. And i get a lot in return with ink plus from chase like 60,000 bonus points when i spent 5,000 in the first 3 months after i opened my account. And i earn 5 times the rewards on internet, phone services and at Office Supply stores. With ink plus i can choose how to redeem my points. Travel, gift cards even cash back. And my rewards points wont expire. So you can make owning business even more rewarding. Ink from chase. So you can. Welcome back to power lunch. Check out whats happening with shares of evis. This on news that share hold Aspen Investment Fund was planning an offer to buy the company for 640 million or 6. 20 a share. They declared a 9. 7 stake in the obesity drug maker today. It expects to submit its offer by june 13th. The stock came off its highs, some questions of viability, but its still moving higher again, up about 9 . Remember, theyre the ones who make the obesity drug back to you. Thank you very much. Well, after getting grilled by french lawmakers yesterday, jeff immelt today meeting with trying to ease ges fears about trying to buy alstom. It appears that ml did allay some of the concerns the french government has. A person close to the situation, says promised should the deal get done. This affirms ge eerks earlier comments and those made by immelt. These have been made since the offer was announced in april. Its the first time weve had a hard number. Yesterday, immelt said it would increase jobs in france. Ge employees 10,000 people. Alstom employs about 8300 people in the country. In a statement, ge said we had a constructive discussion about the details with alstom. We have made progress and look forward to the conclusion of this progress. Alstoms board has until june 23rd to vote on the offer. Now, government officials in france have been resistant to ges offer. Theyre concerned about losing an industrial gem and about losing jobs and for alstom, losing a power business thats far stronger. Thanks very much. No Steering Wheel, no pedals, google wants to built a fleet of them and begin testing them, but what are the chances that we might see Driverless Cars on the road anytime soon . Phil lebeau joins us from chicago. Tyler, were a long way from the with the tree. Take a look again at this video. This is really cool stuff that google unveiled. It is a driverless car. This is a prototype at this point. They showed it at the conference. They planned to build 100 of these over the next couple of years. Googles Driverless Cars have no Steering Wheel, no gas or brake pedal. The whole idea is by eliminating errors by drivers who make poor decisions. Google developed this car by working with partners all over the world. The detroit area, germany and california, so, this is using car parts that are kind of standard, but sometimes, we have modified them to our needs. How about the whole body . Weve worked with partners auto manufacturing firms that have helped us with the body. So, what is the potential here and whats the reality . Some hurdles that need to be overcome, first of all, state and federal regulators are going to be really an hencive about approving a car without any way of taking control of it in an emergency. They need protocall not just for this car, but for cars built by other automakers, then theyve got to prove the safety by testing it in real world situations. Ive talked to people in detroit and california who have worked on Driverless Cars. The technology is there. Thats not the question. The question is whether or not society and regulators are ready for these cars and were a ways from that happening. Lets take a look at the headline from the new york times. Its cheap, but is it overpriced . A brutal automobile review of a mitsubishi car. Have you seen a review that is this bad . Maybe this is the new editor of the times. Hes cranky. Some of the folks here, they compare it to basically saying at one point, you might be better off buying a lifetime supply of shoes and walking somewhere instead of driving this car. Not only blasted it at being cheap, they said nothing feels substantial. One of the quotes, a sense of peril is your constant driving companion. They were incredibly blunt in their critique of this car. It does set perhaps a new standard for candor when it comes to automobile reviews. Sue . Guys, tech is outperforming this year. Its the old names like Cisco Systems leading the games. The question is, as the markets continue to hit new highs, will investors trade in new tech for the older tech names . Thats straight ahead, plus coming up, a jacket helping Cancer Patients get through chemo a little more comfortably. Can this husband and wife team turn their idea into a successful business . The power pitch panel weighs in. Are you in or out on chemo cozy . Stay tuned to find out. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. With with everyone watching the interest rates, the gold market is about to close. Were down about 6. We are up in the market and the Copper Market is down just a fraction on the trading session. Dominic chew has more on that. Absolutely, so, lets stick with the medal side of things. The fall in gold is pressuring the gold mining stocks. Theyre all moving lower. You can see theyre anywhere from about a percent up to about 2 or 3 , so gold miners, those prices for gold, again, a big deal. Back over to you. Time now for our weekly series, power pitch. Start up founders get 60 seconds, not a second more, to convince a panel of experts that their company has what it takes to be the next big thing. We consider kchemo cozy a warm, comfortable hug that you can wear. When we were faced with cancer, we quickly came to the conclusion that you can just accept it and say, thats terrible, or you can say lets make a difference. Were not curing cancer, fortunately, the physicians will be able to do that, we just want to make them more comfortable while going through these treatments. Hi, im ellen hamilton. Im greg hamilton. Were the founders of chemo cozy. Last year, over 1. 5 Million People in the u. S. Were diagnosed with cancer. The idea came out of my personal experience going through chemo therapy. Under going any type of infusion treatment is unpleasant. Patients who are already cold going through the process are required to partially disrobe so staff can gain access to their infusion site and sit for hours getting treated. We carefully designed high quality fleece jackets to bring comforts to patients at this time. Our jackets are openings to allow access to port lines. This allows staff easy access to infusion sites and keeps the patients from having to get undressed. Not only are the jackets functional, theyre warm and comfortable and theres nothing else like them on the market. With us now, ellen and greg hamilton, the cofounders of chemo cozy. On our panel, we have an internationally recognized but when hes not in hospital, you can find him drumming in a rock band raising awareness for cancer. The venture and group ek quity firms, nearly 500 Companies Including investments in medical devices and services. Greg and ellen, youre in the hot seat now. Why dont you ask the first question . What is your vision on market size for this product because it is correct, 1. 6 Million People in the United States are diagnosed with cancer each year, but by cdc estimates, about 650,000 of those are actually chemo therapy patients in Outpatient Clinics and on top of that, not all would have longterm regiments. Were still getting 60,000 jackets annually. Thats just for the people who have chemo therapy. Theres other people with Blood Disorders and even other products were looking at to try to expand that market share. Im concerned about how you get to scale and profitability with your marketing efforts. We looked at hospitals, about 5,700 in the United States alone, many of whom have gift shops. A normal gift shop purchase is 30 jackets. If every hospital purchased 30, thats 171,000 that need to be repleni replenished. Another thing weve had success with is working with hospital foundations, where the foundation will reach out to donors and brand jackets and give them to all of their patients as part of a welcome pack when the person is just beginning treatment. Were going through the application pros now with medicare and medicaid to try to get this as a nonmedical device for reimbursement. That will also make it much more i guess available and affordable. Lets talk dollars and cents here. I know you manufactureded it in china. How does it cost to make per unit and how much do you retail for it . Right now sh its costing us without operational experiences, about 18 a jacket. An int we wanted to keep it affordable. Are you in or out on chemo o cozy . Fincke you can brand this to making a more quality of Life Improvement for caring of Cancer Patients in general and hats and other types of accessories, it could turn into something larger. But for those particular reasons, for now, i would say im out. Okay, so, one out. What about you . I do think theres immediate appeal from a consumer perspective, but its a low margin consumer business and i think if youre successful across the country, youre likely to get copied, so i would be very concerned about branding. Somehow, youve got to get to scale before others copy you, unfortunately, as an investor, im out. I just love the concept. T i love the care its coming from, that youre also trying to reach out and reach children who are under going chemotherapy. Its a terrible thing for anyone to have to undergo. I wish you the best of luck. Im going to be in on this one, guys. Whats your reaction, ellen and greg . We appreciate the feedback and definitely agrow with what we have in the pipeline in terms of hats and that is all jazz. We have designs done and were ready the keep moving forward and really supply the marketplace with something we think theres a need for. We really look forward to see what comes next with chemo cozy and greg, good luck to you as well. Ellen and greg and to our panelists. That is todays power pitch. So, are you in or out on chemo cozy . Follow the conversation on twitter. Sue . Im in. I think its a great concept. More power to them. All right, to the bond market. We had that fiveyear note auction, this morning, fell below 2. 5 . So, tell me whats going on now. I heard what you said earlier this morning and i think the deflation scenario is very interesting. Im sorry, whether people want to acknowledge it or not, treasury market certainly predicting less Global Growth and look no farther than europe. Yes, the auction was ordinary and average, but yet, it didnt change anything. You could hardly pick out the results. Look at a tenyear chart, the same thing and as sue alluded to, hovering at 244. Close since february. Tens, lowest yield since june. 30s, lowest yield since june should it stay here under 330 and the one we really need to Pay Attention so, twoday chart of the ur os, the meeting is a week from tomorrow and hovering tat lowest level since february. Back to you. Thank you so much, rick. Well, the s p tech sector hitting a fresh 52week high. Looking at the tech stocks and leading the way. Rotation out of growth and into value. Some experts say not for long. Ive got that report next on power lunch. Mine was earned in korea in 1953. Afghanistan, in 2009. Orbiting the moon in 1971. [ 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. Just take a closer look. It works how you want to work. With a Fidelity Investment professional. Or managing your investments on your own. Helping you find new ways to plan for retirement. And save on taxes where you can. So you can invest in the life that you want today. Tap into the full power of your fidelity greenline. Call or come in today for a free oneonone review. Movers and shakers are at the code conference in california, southern style. In case youve missed our coverage so far, heres a look at some of the highlights. The industry and just like all Mature Industries is going through consolidation and i think there will be fewer players ten years from now. It learns english. Then you teach it mandarin. It learns mandarin. Hello, my friend. Hello, my friend. In the sense of cape bability. I think it is initial test vehicles are probably just operate to service ourselves, but this could be very specialized thing. It was nice. You could just sit there. It was sort of odd, just like riding a bus or Something Like that. Continuing to improve the search experience with regard to networks and enabling our and now, youre up to date on code. The s p tech sector touching a fresh 52week high today. Focusing on the Old School Tech names versus the new. Thats right. For much of this year, investors have been dumping new tech, but given the run up weve seen in some of these names, scott says hes becoming less positive on old tech. He adds that the lack of substantial Revenue Growth is concerning as it increases in likelihood. But not all market watchers are will continue to help legacy tech names like hp and intel. Now, when it comes to new tech, analysts say due to the resent sell off, valuations have become more attractive. Just today upgraded twitter to buy from neutral, saying this years drop in the stock price has resulted in a more favorable risk reward rh ratio, but facebook has the highest rating in todays trade. Higher on the day. Back over to you. Appreciate it very much. The s p 500 in record territory once again. Can the market move higher from here . Back with us is mike holland and scott, the senior equity strategist at wells fargo advisers. You say the bull market has another few years to run. Why . I think right now, we have two things working if r us. One is this economy. Were in a modest growth, modest inflation environment. We see 2. 4 , thats our official number of gdp growth this year. Valuations are not stretch edst. U. S. Companies have figured out how to make money. I think what youre going to see is modest gains. Really in 2015 and 16, it wouldnt surprise me if you saw a total return lets say 6 to 9 . So, if thats the case, our retail compliants are sitting on a lot of cash. They need to be in this market. You know, mike, that brings up something we talked about yesterday and that is whether or not the Retail Investor is going to get back into this mode. What is going to get them . The sessions and bear markets as weve had which cull min nated five years ago. We ended up with a whole generation of Retail Investors who just swore off stocks, saying youve heard this recently, the game is rigged, im never going to buy a stock. I think that we have a number of young people coming into this investment public who probably are going to replace that generation thats probably been lost. Where would you put money to work then right now, mike, if youre talking to that Younger Generation whos looking to buy stocks and they have a fairly decent time horizon. First of all, for many of them, probably with their 401 k s and irss, just buying a broad index, vanguard index. Or global index would be a good place to start. Then scott rend and other specific names i happen to like the Technology Stocks that were referred to earlier. Big cap yields in them. At 3. 35 , you have an intel and ira and its going to grow over 8 a year. You have a lot of decent values this this marketplace for these young people. And scott, what about you . What would you advise . Well, you know, i think mikes right in that you need some broad exposure first, but im trying to figure out over the next 12 to 18 months what sectors are going to outperform. I think technology is considered discretionary. I think those are two industrials. We want to be in those sectors sensitive to the ebb and flow of the economy. I think the Global Recovery is going to continue, so those companies that are going to benefit from that and those types of sectors, you know, thats where we want to be. We dont want our clients hiding in utilities. Now, ewe tutilities have been o tear this year, but look at the tenyear yield and thats probably mainly why. We dont want them hiding in staples and really health care. We dont want to be defensive. We want to be offensive. We want to go with the economic recovery were going to continue to see at least in my opinion across the globe. Thanks, gentlemen. Appreciate it very much. Thanks, sue. All right, sue, the chinese millionaire machine is actually slowing down. Robert frank has the details. China only created 100,000 new millionaires in the past year. That is way down from previous years. Were going to take you nd the life of a chinese millionaire. Were going to tell you about their hobbies, their favorite exercise and how much they read every week. Thats coming up after the break. We needed 30 new hires for our call center. Im spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast . Go to ziprecruiter. Com and post your job to over 30 of the webs leading job boards with a single click; then simply select the best candidates from one easy to review list. You put up one post and the next day you have all these candidates. Makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter. Com offer2. At a special site for tv viewers; can you start tomorrow . Yes sir. Alright. Lets share the news tomorrow. Today we failrly busy. Tomorrow were booked solid. We close on the house tomorrow. I want one of these opened up. Because tomorow we go live. Its a day full of promise. And often, that day arrives by train. Big day today . Even bigger one tomorrow. When csx trains move forward, so does the rest of the economy. Csx. How tomorrow moves. Google wanting a driverless car, no Steering Wheel, no brakes. Would you ever use one . 16 say yes, id trust the accuracy more than humans. 44 say no, id want a Steering Wheel just in case and 40 say never. Not this car or any other computer driven car. Up to you. All right, another sign of a chinese slowdown. Fewer millionaires are being minted over there. Well, you know, chinese millionaire machine is slowing down along with its economy according to the report, chinese millionaire population grew about 3. 5 over the past year, about 100,000 new millionaires. Onethird of the growth rate of previous years, so a big slowdown. China still has 2. 9 million militaries. Then beijing. So what are these millionaires like . The report gives some insight into their health and hobbies. 87 of the millionaires say they were dissatisfied with pollution levels. Most are quote, spiritually satisfied. The richer millionaires, theyre more spiritually satisfied. What are their top three hobbies . Fine dining, travel and exercise. For their favorite exercise, they exercise about three hours a week. Favorite is jogging, followed by badminton, then swimming. They also read a lot, about ten hours a week, but the richer millionaires read about 15 hours a week. I dont know what the cause and efbl effect is. The more you read, the richer you are. That is right. Thanks, guys. More from the code conference on the Pacific Ocean coming up in just a few minutes and the ceo of twitter will be on deck in the next hour. You wont want to miss that. And speaking of the pacific, there are some problems in damager land. Jane wells is on deck to tell me. Sue, youre wearing the right color. The only thing hotter than the dogs this week are the tempers of dodgers fans, furious they still cant watch the games on tv two months into the season. Whose fault is that . We talk about it after the break. Were moving our company to new york state. The numbers are impressive. Over 400,000 new private sector jobs. Making new york state number two in the nation in new private sector job creation. With 10 Regional Development strategies to fit your business needs. And now its even better because theyve introduced startup new york. With the state creating dozens of taxfree zones where businesses pay no taxes for ten years. Become the next business to discover the new new york. [ male announcer ] see if your business qualifies. Become the next business to discover the new new york. That corporate trial by fire when every slacker gets his due. And yet, theres someone around the office who hasnt had a Performance Review in a while. Someone whose poor performance is slowing down the entire organization. Im looking at you phone company dsl. Check your speed. See how fast your internet can be. Switch now and add voice and tv for 34. 90. Comcast business built for business. The third month of the baseball season, the l. A. Dodgers are a playoff contender, in second place, in the National League west, but most fans can only watch if they go to the ballpark. Here to tell us why. Josh beckett through a nohitter sunday. The dodgers nearly repeateded it monday, but you had to be there. Really, you had to be there. While local fans could see last nights game because it was not blacked out on espn, nearly 70 of tvs because the new channel is only on Time Warner Cable and fans are furious. There are more people attending the games than watching them on tv. Twc, our Parent Company wants to buy, tells cnbc it continues to negotiate quote, tirelessly with all outlets to carry the channel, though talks with directv are apparently going nowhere, quote, directv has shown no sense of urgency in getting a deal done. Sports net is available on fair terms consistent with its value. Meantime, directv has reached its region abl sports fee that it is charging l. A. Customers even though its not carrying the channel. By the way, the group is reportedly interested in the clippers. Sue, watch the kings beat the blackhawks. Thank you. Appreciate it very much. Coming up tonight, its an all new american greed, a madman gives investment professionals a simple choice. Make him rich or face his deadly wrath. He mails threatening letters, then pipe bombs. Included with the pipe bomb was a letter that started off, bang, youre dead and in that letter, he taunted his victim, telling them the only reason they were alive is because he chose not to attach one final wire. Even without the attached wire, inspectors say the bombs posed a significant danger to everyone who handled them. The package could have been jostled in the mail and contact with itself and set the device off. Frightening indeed. Can Law Enforcement officials catch this madman before his threats turn deadly . Dont miss it, tonight at 10 00 p. M. Eastern. Mandy drury is standing by. Today, were going to take you to the future, except that the future is now, so sit back and enjoy it. Courtesy of google, microsoft and apple. Also, gear heads, listen up because weve got a car packed show for you today. The interim ceo of ferrari. That and more coming up on street signs. 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Interest rates are on the down trend. Back over to you. Thank you very much. Lets check the markets right now because we were down 30 points when we came into power lunch. Were now down only nine points on the trading session. Transports are up. Theyre up 70 points. S p 500 is up as well as is the nasdaq composite and the yield on the tenyear note is 2. 44 . St. Jude medical, up better than 3 on the trading day, striker is up three and a third and win stream is up two and three quarters percent, so some nice winners there. And the losses have narrowed as you point out there. Just about 9. 5 points. That will do it for todays edition of power lunch. Thanks for joining us. Have a great afternoon. Street signs begins right now. Welcome to the future. Your top three stories of this hour show us that the future is now. First, google unveiling new selfdriving cars and adding realtime translations on skype and third, apple reportedly new software that will let you control your entire house with the touch of your iphone. Were diving into the Financial Outlook for each, but we want to hear from you. Which of those do you think