The ceo of softbank and sprint, chairmen, say the u. S. Internet speed stinks. 15 out of a possible 16. Whos going to fix it and how can you profit . Now go over here, right . Here i go. Were exactly two weeks from the start of the world cup in brazil. And it is a very scary picture apparently down in that country. Gang violence spiraling out of control. Brazilians staging massive protests. Were going to talk to a big voice in brazil who says the country will not repeat not be ready to host this tournament. First to sue at the nyse. Hi, ty. And right now were focusing in on Interest Rates, as you mentioned, but also on the markets with the Dow Jones Industrial average right now up 17 points on the trading session. S p at a new record high earlier today, up about 4. 5 points. Nasdaq composite is up 14 points, onethird of a percent to the upside. The russell 2000 almost up 3 . Gold down. There are many story lines for this hour. Were beginning in times square with the nasdaq and seema mody. Hi, seema. Reporter good afternoon, sue. A lot of traders watching the yield on the tenyear treasury note, there are more Market Participants looking for other Asset Classes that can provide that yield to incomehungry investors. Technology is seen by many pros as a good place to get that yield. In fact, here are some of the companies in the s p tech index that have a dividend yield higher than the yield on the tenyear. All of these stocks higher on the day. Now, in terms of market leadership here at the nasdaq, biotech playing a big role. Biogen, the best performing stock on the nasdaq 100. Jpmorgan cited upside potential from the biotechs multiple sclerosis franchise. A comeback in the nasdaq. The spike in volatility in the socalled momentous stocks. Here they are over the past three months. Sandisk, number one, apple in second place with about 19. 5 gain. In fact, today, tyler, ubs uping its price target to 700 a share. Back over to you. Seema, thank you very much. Big news from two of the biggest retailers around. We start with costco, flat on the day. Up 2 over the past two months. Courtney reagan here with the retail detail. Court . So many of the Earnings Seasons are over for a lot of these companies. For the for retailers. Where has retailer costco reporting earnings today proving that its an expensive task even if youre charging admission. Costcos fiscal Third Quarter profit missing wall streets expectations for the fourth straight quarter. Revenue of 25. 23 billion coming in slightly shy of consensus. The warehouse retailers results took hits from both less Favorable Exchange rates and lower gasoline prices. Costs also increased. Sg n up 8 . Merchandise costs swelled by 7 in the quarter. Now, analyst david straser says costco does pass on higher costs to consumers but slower and to a lesser degree than competitors. Separately newly installed walmart ceo Doug Mcmillan spoke with kara swisher at the code conference discussing everything on thoughts from social media, store format and just how much walmart thinks about securing consumer data. Customer trust is our biggest asset. Weve got a great team. Internally, externally. We invest a lot. Its a daily battle. And its a risk point. Have you been attacked . We get attacked regularly. Walmart chairs have underperformed the s p retail index over the last month. Shareholders waiting to hear mcmillans plans to reinvigorate the retailer when he takes the stage next friday. Courtney, thank you very much. Thank you. Breaking news in the bond market right now. And for that, we go to Rick Santelli at the cme. Rick, whats the demand . Reporter well, tyler, we just capped 95 billion in supply with 29 billion seven years. The grade, d minus. Actually, the best of breed compared to two c plus auctions. The yield, 2. 01. Right on the screws. Thats pretty much the trade that was going on in the market at the top of the 1. The internals, 2. 6. On bid to cover, very close to 10 auction average, as is 40. 4 on indirects, its a little light, but you were a little heavy on directs at 24. 1. I guess the best news is that dealers only took 35. 6 , meaning investors took the rest. B minus, well, now its on to trying to handicap how much lower rates can go. Sue, back to you. Thank you very much, rick. Well see you a little bit later. Thank you, ricky. The s p 500, as i mentioned, hitting a new record high today, zpat d despite showing data contracted in the first quarter. What should you trust . Stocks for the Economic Data . George is comanager of the morningstar fivestar rated vilery balanced fund and Lee Partridge is chief Investment Officer at salient partners. George, im going to start with you. The gdp data was somewhat disturbing, but is that still a weather overhang, that were still seeing the effects of, or is it Something Else . I think a lot of people focus on shortterm data way too much. In our world, were bottomup stock pickers. We like stocks that will do well in any sort of economic environment. In our case, theres several stocks we think are undervalued and should be bought by all investors if they have the patience. That comes with investing in stocks. Yes, it does. Quickly the names you like. Sure. Sanchez energy. Theyve had a good run already. They made a huge acquisition in texas recently in eagleford shale. We think thats going to double their production, double the size of the company. Theyre much more efficient operators than who they bought it from, shell. They can operate more efficiently. And theyre escalating costs can be contained. All right. Let me go to you, lee. What do you like or not like in this market . And george mentioned some of the volatility thats inherent in investing. Although some down here would argue we havent seen as much volatility as they would like to see. It makes it an easier market for them to trade when they do have volatility. No i think youre exactly right. The fed has been suppressing volatility over the last five years. If you look at the fed forcing an end trade in 2012 and now youve had kind of a repricing of risk, we think volatility is likely to enter back into the market. Now, from an equities standpoint, i would agree with a lot of what george said. We think that Energy Infrastructure plays and whats going on in the eagleford shale and even some of the Legacy Assets in the permean basin is creating infrastructure buildout. And we see huge needs for gathering systems, pipelines, storage systems. Theyre going to be in place for the next three to five years. We think thats a very important trend. Just one comment on the gdp number, too. Listen, i think that whats unrealistic on gdp was the Third Quarter print that we had at 4 , down 1 due to weatherrelated activities is not a surprise for us. We think were living in a world of 2 growth. And thats kind of, you know, what were going to expect for the next three years. Lee, im going to stick with you and then give the final word to george. Do you like emerging markets, or do you want to stay mostly here in the u. S. . Were big fans of emerging markets. So the important catalyst is number one, emerging markets are trading at a 40 discount to developed markets right now. That was really in place last year. So the s p was up 32 . The emerging Market Indices were down 2 . But youre in an environment today where the fed is withdrawing stimulus, and the peoples bank of china is easing their monetary conditions because theyre worried that their growth rates declined by 2 from the top. So that easing pressure thats coming from china to stimulate growth we think is going to reprice emerging markets. George, what about you . I know that you take a longerterm view of things, and you say you have to have patience. But in the reach for yield, would you consider going outside of the United States, or do you really find values still compelling here . No, we stay here. Thats what weve done historically. We think domestic stocks are very attractive. We think if you go outside the market, you lose certain leveling factors such as the s. E. C. , gaap accounting, fair markets and exchanges, we stick to what we know. Were bottomup investors. Plenty of stocks out there we think are still undervalued. We dont really want to get involved in emerging markets. A lot of trouble out there. Thank you very much. Good to see you again. Lee, thank you as well. Ty, up to you. Sue, thank you. A harsh Winter Weather and falling Interest Rates had some hoping for a spring rebound, a surge in housing. But the numbers so far arent exactly panning out. Diana olick in washington now. Diana . Well, tyler, signed contracts to buy existing homes in april were up just barely. 0. 4 from march and are down 9. 2 from a year ago. The expectation was for bigger gains as april brought warmer weather and slightly lower mortgage rates. Still, sales were up the most in the midwest and down the most in the west. Really unchanged everywhere else month to month. A lot of blame has been placed on higher mortgage rates. But rates are falling again today as the tenyear yield slumps to lowest in nearly a year. The average rate on the 30year fixed today, right around 4 for the best borrowers. More online at cnbc. Com. Tyler . Thank you very much. A food fight. Tyson foods jumping in the battle to biuy hill scheyer far hillshire farms. Tyson up, look at hillshchlt moving up. Dominic chu, who likes food, is outside cnbc headquarters talking food. Chef, take it away. Reporter tyler, this is all about brands. So we have tyson brands, hillshire, pilgrims pride and Pinnacle Foods. Were trying to show you, the viewers, what the recipe is for what the combination is. If you look on the righthand side, youll see the combos and the numbers appear before you. In essence, what tyson is trying to do, theyre the nations biggest meat processor. Theyre going after hillshire to combine their chicken products and prepared foods with brands like hillshire farms, kielbasa, prepared meats and remember jimmy deans is a big part of that mix as well. Theyre paying a lot for it, but still its a combination they want to do. Now, pilgrims pride is a lot like tyson, although perhaps on a little bit of a smaller scale. They do fresh and prepared chicken products as well. And they want those same processed meats. That hillshire farms brings. Thats why they want to bid 45 a share for that. They want to combine these two particular brands. Again, its all about these brands. And then we cant forget thats happening really on the Pinnacle Foods side of things because youre talking about a company with Pinnacle Foods that has brands like vlasic pickles, log cabin syrup, birds eye vegetables. What theyre trying to do is join up because hillshire wants to buy them. But in the end its really all about whats happening with these brands because stephanie link, i was just chatting with her about our little food setup. She says that basically tyson is going to pay about 13 times operating profit for hillshire brands. At current levels, thats expensive. She shes it should be below ten times. Theyre paying a lot for them. What these Companies Want to create, if you will, a paella, a stir fry, a stew of all of these brands because all of these commoditized brands become one big portfolio. Thats what all of these companies are trying to do. If you cant grow it yourself, you buy it. Thanks, dom. Appreciate it very much. Food network online, too. Shares of gm down 15 year to date. Today a major hearing is being held regarding all of those lawsuits over the automakers faulty ignition switch. Phil lebeau has got more on that story, and hes in chicago for us. Hi, phil. Hi, sue. This is a transition hearing. Actually its a number of attorneys who have filed cases against gm. Theyll be meeting here in chicago. And heres what theyre doing today. This is step one in a really lengthy process were going to see play out over the next year or two years. 60 to 70 cases are going to be subject to this hearing today. These are all federal Product Liability suits from a number of jurisdictions. What theyre going to be doing is asking a panel of judges, decide on one jurisdiction where we can try these cases. That way its more central location, and they can basically all work in unison there. Now, as theyre doing this, General Motors is considering the Compensation Fund for those who are victims of the defective ignition switch. General motors is also fighting liability on those cases, or having liability for those cases that took place before the company filed for bankruptcy in 2009. Again, take a look at shares of General Motors. The company is expected to finish its internal investigation. That investigation, by the way, being conducted by a former u. S. Attorney. The results are expected relatively soon, within the next week or two. And then gms ceo, mary barra, after she releases those results, could be facing more congressional hearings. And speaking of speaking with congressional investigators, take a look at this gentleman right here. Day digiorgio, a gm engineer. We talked about him in the documentary failure to recall. He is the engineer who signed a document that authorized a change in the ignition switch. He met with investigators on capitol hill within the last couple of weeks. Reportedly he was upset when discussing the deaths involving victims in the ignition switch defect. Mr. Digiorgio is on paid leave from gm while they conduct this investigation. We have reached out to him today. We have not been able to talk with him. Its interesting, sue. The next two or three weeks, were going to see a lot of things happen here in terms of gms internal investigation on capitol hill as well. And phil, i know youll be on top of all of that. Thank you. And youre going to stick around because we have another big story that were watching today. Take a look at this. Well see if the auto brake keeps us from crashing. Theres the warning. What happened . The surprising results of a new study on front crash prevention. Thats coming up next. Plus, the European Parliament elections shocked the european establishment. Michelle carusocabrera is across the atlantic for us live. Michelle . Hey there, sue. Yeah, today i spoke with the leader of the uk independence party. If the uk had a tea party, this would be it. He has got a lot to say. And unlike most brits, he doesnt feel he has to be polite when he says it. You can see him on power lunch in two minutes. Mayo . Corn dogs . You are so outta here aah [ female announcer ] the complete balanced nutrition of greattasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. Nutrition in charge™. Mayo . Corn dogs . You are so outta here aah [ female announcer ] the complete balanced nutrition of greattasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. [ bottle ] ensure®. Nutrition in charge™. That is test video from the Highway Institute for safety. That is from a report with cars with builtin prevention systems and how effective they are. The man behind of wheel of those tests, executive Vice President of the iihs, david zubi. David, cars are built to protect people when crashes happen, but this technology promises to prevent many crashes from happening altogether. Tell us about the technology and how you rated it. Yeah, thats exactly right. The systems have sensors that look forward of the vehicle, and they monitor the position and closing distance and speed to the vehicle in front of you. And when they determine that youre about to crash, they give you a warning, and in an attempt to get the driver to take an evasive maneuver like braking. In the event drivers fail to respond to that warning, many of these systems will automatically apply the brakes to try to avoid crashing into the vehicle in front. You ranked several of the cars that you tested that have these systems. Some were superior. Some were advanced. And some received a basic rating. Lets talk about the superior rated cars. Yeah. Basically, the superior rated cars, there were 13 out of this 24 group. You know, have early enough and Strong Enough braking to avoid many crashes and reduce the severity of those that they cant avoid. Weve got winners from Luxury Brands like bmw and cadillac where a lot of this technology is available, but were starting to see it on more common vehicles like Chevrolet Malibu and some buick products. Phil lebeau, jump in. Dave, i was out at your facility last fall, had a chance to test some of the early models that were developing this technology. Im curious from your perspective, i know you do the tests at 12 and 25 Miles Per Hour. We saw firsthand how it works. Do you see the automakers using this technology at higher speeds, or is it a little bit unknown at this point how effective that technology can be if, lets say, at 40 or 50 Miles Per Hour . Yeah, i think this technology will move to working at higher speeds. In fact, some of the technology is operating at higher speeds to provide Adaptive Cruise control functionality. But right now, in terms of being able to avoid crashes, its generally lower speed differentials that theyre able to cope with. When do you think its going to be widespread that we see this really in almost all models of vehicles as opposed to where it is right now . So i think its coming in a few years because already weve seen a huge increase in the number of cars that are available with these systems. And if consumers show interest in them, then i think youll see them more widespread throughout the market. All right. David, in my favorite place in america, charlottesville, virginia, thanks very much. And phil lebeau, i like where you are, too. Its just fi