Floodwaters get even worse. Were going to be live on the scene of both of those developing stories. And, a fight for the ages, perhaps. Floyd mayweather back in the ring tomorrow night. One man is going to win. Two Cable Companies will also claim victory as well as a lot of side players. This is a big fight with big money on the line. Well take you inside this hour on power lunch. First, though, lets check in with sue at the nyse. Good to see you. We start with the utter dislike throughout america for all things wall street. Thats despite the fact that 401 k s are near record highs as the stock market is also near alltime high levels. Since the market hit bottom in 2009, the dow is up 135 , the s p up 149 . The nasdaq up 192 . All the indices more than doubling or tripling since march of 09. John harwood has more on this nbc news wall street journal poll live in washington for us. John, over to you. Sue, i think one of the reasons is, that those gains are not evenly distributed throughout the population. They say time heals all wounds but maybe we need more time. Five years after the financial crisis you can look at this nbc wall street journal poll and see wall street is still in the dog house. Only 14 have positive views of wall street firms. 42 have negative views. If you asked them about one of the biggest players on wall street, Jpmorgan Chase, in controversy lately, 14 at positive views, 30 negative. And the reason is, the people have really been affected by this crisis. It hits home with so many people in this country when we asked, were you much affected by the wall street crisis, by the housing and mortgage crisis, you get a 52 majority saying yes. That is down only slightly from what it was five years ago at this time, sue. People are still feeling the pinch and the rise if their 401 k s may help a little bit but they are going to need more widely distributed gains before theyre feeling better. Those are stunning poll results, john. The white house took great pains to shoot down reports in Japanese Press yesterday about an announcement on a fed chief and floated the name Larry Summers in that report. Your reporting says Something Different about when the president might nominate a new fed chief. My reporting says that Larry Summers remains the expected choice of the people that i talk to who are people not inside the room with the president making the decision but people who know a lot of those people. People in the outer circle of the team obama. But what ive been told firmly from a source familiar with the white house timing on this, it will not come next week. Earlier in the day i mentioned one sources expectation that the appointment would be made next week this source familiar with the white house timing now says it will not be next week, sue. All right. John harwood, thank you very much. Appreciate it. Ty, up to you. All right, sue. Sunday marks five years since the lehman brother collapse, a crisis not seen since the great depression. Are we any safer . Bill rogers a former chief economyist for and rana is a times editor and wrote this weeks cover story which im eagerly awaiting at home how wall street won five years after the crash, it could all happen again. Rana, we have a statement from the Treasury Department responding to your article. Let me read it for you in the fall of 2008 our economy faced challenges on a scale not seen since the great depression. The federal government took actions to affect the economy and reform a broken out dated system. Im still reading here. I take this as great compliment, by the way. The notion that these reforms are somehow a myth as rana suggested in her september 23 story is wrong. In the 12 seconds we have left in this segment, how would you like to respond to that. Let me just say, in a way, i actually think the treasury is agreeing with my story because what theyre saying is that yes, we had to do a bailout of the banks, we had to save the Financial System from this catastrophe, and im agreeing with that but what im saying is while weve done a great job of bailing out the banks we have not done a good job of restructuring the underlying core of the Financial System to make it safer over the long haul. If you read my story youll find out more why. This bill would come as a surprise to a lot of people, ranas thesis, im not sure i disagree at all on it, the idea that after all of the rule making, all of the dodd frank stuff, that were not necessarily safer and that, in fact, while the next big tumble might come from a different source, the next big tumble could, indeed, and may very well come, what do you say . Well, for me, you know, the big picture is that over several decades, we have been pulling back on what i call our human priority investments, investments in education, training, investments in infrastructure, investments in social insurance, and so yes, we are still on that precipice if we get knocked in the wrong way there are many families on main street that could be impacted for a generation. Sue, jump in here. I want to put a question to rana because i did read the article on my way to the exchange and i think one of the reasons that most americans hate wall street is because we havent fixed the system. Were trying to fix the system to a certain extent. But we still have High Frequency trading, the flash crashes, still all of those things that reflect poorly on wall street to main street. But i noted that you had five things in the article you said we need to do to really change the system and to me, number five, is the one that perhaps is the most important and perhaps the most difficult to do and that is to reboot the culture of finance. How are we going to do it . It is so engrained down here on the floor of the New York Stock Exchange and elsewhere. Yeah. I think that you are hit on the most important point in this story. There is this disconnect, psychically, and in the real world, between wall street and main street. We forget that banks were set up to serve the real economy. And they have become unmoored from the real economy. Credit to small businesses, for example, still tighter than it should be. You have trading continuing on, banks making record profits but making most of that doing a High Frequency trading, the riskier and more profitable operations, rather than this plain vanilla lending. Thats why main street doesnt understand this disconnect. And yet we read this morning that Jpmorgan Chase is going to add 5,000 people in regulatory compliance, going to spend billions of dollars to do it. I mean, i dont know, you know, how do you get to the bottom of this and i guess, john harwood in our previous piece, bill, brought up the idea that one reason main street dislikes wall street so much is that the that the fruits of the recovery have not gone to main street. Right. Theyve gone to wall street. Its even bigger than the fruits of the recovery. Weve had several decades of and youve talked about this on your show, about how weve seen a wedge between productivity of workers and the wages in which theyre taking home. And, you know, from my standpoint, the camp i live in, theres been a great big disconnect in terms of the role of institutions and unions to bargain for their workers and grow the work place. Our inability to raise the minimum wage in important times to help not just teenagers but help people who are raising families, you know, make ends meet. When i was working on the Obama Campaign not campaign but the Transition Team before this collapse, our big folk focus was basically to recover some of the loss to turf with regard to worker safety and fairness in the works place. We will talk about a move in california where theyre going to presumably raise the minimum wage to 10 an hour out there. There are certain states that are moving to raise them. Debatable. A hot point as you well know, some people say raising the minimum wage hurts people at the lower end of the economy because then people dont hire as many of them. But anyhow, we have to leave that discussion here. You want to jump in. I thank you very much, professor, for coming in. Rana, look forward to your article in time. Its a good read. Thank you. That will be secretary lou from trer treasury on line two for you, rana. Happy to take the call. Sue . Im sure. Absolutely. Stocks higher today, but wow, it has been an amazing week for stocks. Three triple digit days on the dow to the up side. Its up almost 3 this week alone. But as you know, gold is a different story. The huge loser on the week, the precious metal on track for its worst week since june down 5 this week. What can investors expect as we go into the fed meeting next week . A News Conference from ben bernanke as well. Joining me on the floor bob pisani and at the nymex for the gold trade is paul sax, principle trader. Im going to starts with you, an extremely strong week. Some days were lighter volume than others. Yeah. However, you cant argue with a 3 move to the upside. Three things motivating it, syria, China Economic news, as well as lower Interest Rates in the middle of the week. Lets call it a 2 week. Put up the chart here, youll see all the indices up about 2 on the week. I think the main problem the markets rain out of a little steam in the middle of the week and most of the gains in the earlier part of the week. The economic numbers today, not particularly, retail sales and Michigan Sentiment numbers werent great. Were still up on the day. See overall, good. The Global Markets also did very well. Not just here in the u. S. , but china and japan, germany, only brazil on the downside. Paul, different story for the gold market. What is the gold trade telling you right now about the future for the precious metal . Well, thanks for having me. We are, im sorry to tell you, smack dab right now in the middle of our new trading range, 1180 to 1420. I myself am not so focused on the fomc meeting. I do believe they will initiate the taper, maybe 10 to 15 billion. Im concentrating on the debt ceiling debate. If you remember it was the debt crisis in europe and downgrade of the u. S. Coincident with gold price at 1900 and higher. So that is more interesting to me. The only thing ill say i dont like to make shortterm predictions in terms of price, but if we get below 1283 and spend a little value there, spend a little bit of time there, its highly likely were going to visit the bottom end of the range, maybe 1180 and see what we can find beneath there. Paul, thank you very much. Have a great weekend. Bob, see you later. All right. Ty, up to you. Thank you very much. A look at intel which has been moving higher by 69 cents, 2332 the quote right now. Jeffrey upgrading the chipmaker to buy or says in this prompter to buy buy from hold and upping its price target to 30 a share and the company is poised to gain market share in sub500 tablets. Stock up about 12 for the year. And safeway gaining ground as well. Closing in on a 52week high. Credit suisse upgrading the supermarket to neutral. Where it sits right now. Thats a big move for safeway. Look at that up almost 8 today, 2. 01. The firm thinks the company can reduce its share count by 40 in the coming months using the proceeds from the sale of its canadian business. Sue . There are three huge names in the world of business telling cnbc what they think today and theres no need to call a Financial Adviser today. Just stay tuned. Well give you all you need to know. Plus, the fire that literally has broken new jerseys heart. A horrible story after rebuilding from superstorm sandy. Fire burns all those hopes and dreams right into the ground down the shore. Plus a live report from colorado as the rivers and creeks run wild there. Hundreds of people have been evacuatedp. The university in boulder had to be closed yesterday. We have all of those stories straight ahead as power lunch continues. Welcome back to power lunch. Shares of vie ro pharma are surging on a story from bloomberg that rare drug disease maker that one is said to have hired Goldman Sacks to explore a possible sale. This report says european drugmakers are said to be interested. This could be the latest in a string of acquisitions by bigger drug companies. Shore up their product pipelines. Viropharma trading at its highest level since 2001. A former treasury secretary, bank ceo and Hedge Fund Manager walk into a bar. Miley cyrus just kidding. No joke. We had the trio minus miley on squawk box to reflect on the financial crisis and also to talk about todays big issues. Mary thompson on what they had to say. It was interesting tv, tyler. One helped save the Financial System during the crisis the second resents the fact that his bank had to take t. A. R. P. Money and the third made money. Hank paulson, former wells fargo ceo dix kovacevich and mark of Avenue Capital reflecting on the crisis and ricks out there today. Paulsons concerns include the adjustment to a higher rate environment and need to reform immigration, tax code and core of mortgage market. We need to fix fannie and freddie, shadow banking markets and the biggest thing that is not getting enough attention is weve got five regulators all competing with each other, falling all over themselves dysfunction. For former wells fargo ceo hated the t. A. R. P. Program paulson pushed during the crisis. Today to fan of the federal reserves bond buying program. For him it cant end soon enough. They have to taper now. The price has already been paid. Its built into the market today. It would be shocking to the market if they do not taper. So they have to taper. And the amount is not relevant. Do something. In 2008, Avenue Capitals lazry says too much leverage posed the biggest risk in the u. S. Today he says the big risks lie overseas. The real risk is much more in europe. I think you dont really have risk that much here in the United States. I think our banks are fine. I think in europe much more of a sovereign risk and that risk is still there. So interesting listening. Kovacevich said we didnt need to take that money you rammed down our throat. We were in better shape than the other guys. What would paulson say to him . That would be interesting. I would like to see that response, but kovaevich said this was a liquidity problem. Paulson would maintain listen, we are in a better place now because of the actions we took. He repeatedly says that. And the fact that, you know, weve been able to have the growth that weve had over the past couple years is reflective of the actions that he took. And ben bernanke and geithner, give them all credit during the financial crisis. But paulson would turn and say we did the right thing. Thats what his he would say we had to do this. It was a systemic issue. And it worked. You were big enough whether you were in extremist the way some of the other institutions were, we needed to shore you up as well and i guess that would be the argument, kovacevich disagrees. Mary, thanks very much. Sue, to you. Ty, fires and flooding, two developing stories we continue to follow right now. Three days of heavy rain triggering flash floods in Northern Colorado killing at least three people. Officials warning that number could go higher. But we begin with our scott kohn in seaside heights, new jersey where a devastating fire wiped out businesses and the boardwalk just trying to recover from hurricane sandy. Scott, it really, it doesnt seem like it can get any worse for new jersey and for the shore residents at this point. Its hard to imagine that, sue. This is really, really awful. The fire is now contained, but the work is going to go on for days. Take a look at what theyre still doing here. Theyre going to be pouring water on this fire to or whats left of it, to extinguish hot spots, make sure it doesnt flare up again, and its literally going to take days before they can be done with that and get in there and try to figure out exactly what happened. But what we do know is that the boardwalk here in seaside park is completely gone according to governor chris christie. A fire that behaved more like a forest fire, whipped by 30mileanhour winds, hopping from building to building. Igniting the tar roofs on fire. Some 30 structures. And just as they were trying to get back up and running here, business was down but they were hoping to get some of it back in the rest of september and even into october. We fought broken equipment all summer and what we lost from the storm. And business was down twothirds. And just getting up and running again. June 1st, first day, and now this. Lost a couple amusement booths on the boardwalk and says that after being flooded by sandy and now losing the booths to fire, its a strange sense of deja vu. You know, what is the insurance cover . If not, grants, loans, as far as the townships starting to file permits right away, we learned that. Do it right away no matter what. Just to get the process rolling. Reporter it will be some time before we have a dollar figure on all of this, but we do know that it could have been a whole lot worse. Coming up next hour on street signs, we will show you the tough choices they made and the extraordinary effort they undertook to keep the fire from spreading further along the boardwalk. Sue, back to you. All right. Scott, thank you so much. And now to colorado and the terrible flooding there. Nbcs leann greg is live in boulder for us. Leann, over to you. Reporter hi, sue. Finally some sunshine. Much awaited, more rain is expected this afternoon, but not like before. Even though the rain is subsiding the problems have not. Take a look behind me. This kind of flash flooding is not only in the boulder area, but all across the denver metro area. And this neighborhood, for example, the runoff from the mountains, the streams are still swollen, along with the creeks and the rivers, so that will take a long time for that to subside. The flooding is expected within the next couple of days. It will continue and the cleanup will not be able to progress in earnest until these waters subside. Still a concern about the safety of bridges and some of the roads because of the saturated soil. Some cars that might pass over them, will they be able to withstand in this unp