F 150. Phil will give us a live test drive and review the new truck in real time. That is coming up. First to sue at the nyse. After getting off to a decent start stock markets struggling a little bit on the last trading day of september and the quarter. The dow is up 1 1 3 points. The s p tracking towards its worst quarter in nearly two years. Despite the volatility this month the dow flat for september but the s p 500 down about 1. 5 . The nasdaq down more than 1. 5 , as well. The big talk down here is the brent crude contract and west texas intermediate getting crushed. The gold market getting hit hard down 2. 5 on brent crude down almost 3. 5 on west texas intermediate has a lot of people using the d word, deflation. And it was brought up and it is interesting because we didnt show gold but we will show it later and that is getting hit very hard. It is starting to impact the stock market a little bit here. We had a bid to the market. Take a look at the s p 500. I said there was a bid in the market. We started weak but the market came back quickly and then started moving to the down side. Partly this is a problem with the oil complex. Take a look at west texas intermediate. There are some concerns. Those start affecting the market. It tends to effect the whole oil complex and that has been the major issues. You are seeing small effects here. 1 down in chevron. It is not this group, not big oil that gets hurt but the high beta names like eog and the shale plays like pioneer. They are down almost 4 overall. It is not just that. Look at the metals. Base metals are weak and gold and silver are weak. We are getting across the board weakness. I think there is a little concern about Global Growth and little on hong kong. We will see you again in a little. We have breaking news right now. Thats right. The department of justice announced that four members of what it is calling an International Computer hacking ring have been charged of breaking into computers of technology companies. Among data stolen is data related to x box one gaming consol as well as popular games such as call of duty as well as proprietary software used to train helicopter pilots. The department of justice putting the total value of up to 100 million to 200 million. Among the companies they say were hacked were microsoft corporations epic games, zombie studios and the u. S. Army. Did you say where these hackers were from . The people who have been charged here, a variety of individuals listed, nathan lurue, and austin alkala of indiana. Looks like mostly people in the United States here, one overseas. What they are saying is the defendants conspired to use, share and sell the stolen information. No indication on what if anything they actually did. And presumably they were working together in some sort of loose confederation. No indication that they were moles or operatives working for a Foreign Government or Foreign Company . No indication from what the department of justice has put out that this is connected to foreign intelligence. What the officials are saying here is that they are concerned about theft of u. S. Trade secrets here. That might give you an indication of what it is they are concerned about. Thanks very much. Interesting story breaking. We will keep you posted on it. Disappointing European Economic data out today. It is continuing to push the euro lower against the dollar down nearly 8 over the past three months. Earlier the u. S. Dollar index touching highest level since july 2010. This is making cnbc contributor question his market strategy. Why . Because i actually think this is good for dollar denominated asset prices. The numbers in europe came up poorly and cpi was very, very low meaning that keep pedal to the medal. It is nice to be reminded. The dollar rally and the global money continues to look for places to invest. So they end up in u. S. Stock market or bonds. For the last two weeks i have been mildly negative on stocks. If we have a strong close today i think we have gone six weeks kind of in a side ways pattern and we could go higher. Quick answer here. A strong u. S. Dollar can hurt u. S. Multinationals as much as it can help some companies. You have to balance the hurting nationals against helping the consumer. I maybe give it a more positive that injects money into the economy. Thanks very much. Sue, down to you. The market on track to close with kwaurthly gains in some cases but can the rally continue into q 4 given the volatility in the geopolitical risks . We want to hear from you. Is this a good time to invest outside the u. S. . Join our conversation at cnbc. Com vote. With me here on the floor of the u. S. Stock Exchange Global market strategist. We have chief investment strategist at pnc Asset Management group. What kind of quarter do you expect coming up given the fact that we saw such a selloff in riskbased assets in september . You are absolutely right. If you look across the board in september there has been a selloff whether we look at markets or credit. I think we have to figure out what it is that is not driving the selloff. It is not geopolitical fears or sluggish data or the hawkish fed. I think it is the pickup in the volatility in the short end of the yield. As we project that into the Fourth Quarter i do expect to see that volatility to continue to move higher. In other words the three year yield to move higher. That doesnt mean u. S. Equities suffer but emerging market debt could be a challenging place to be. Bill, what kind of quarter are you expecting . October is a very volatile month for most investors . I think in some respects i have agreement in the sense that i dont expect volatility to calm down a whole lot. Most of this year has been extremely not very volatile at all. It doesnt surprise me we are getting closer to at least a couple of Central Banks starting to raise rates that the markets are starting to adjust to that. I think some of the volatility is also from what you are hearing some today in terms of the oil markets which is worries about the overall global economy. I think the u. S. Continues to plow through that okay. It would be nice to have it as a tail wind. Right now i think it is hurting the overall sentiment at the moment. Where would you put money to work . In high beta sectors or no . Yes. That might sound a little bit counter intuitive because those are the exact names that have suffered, the energies, industrials, materials. I think we start to get a little more decerning we can find opportunities. One of the areas that suffered were the oil services because of the sanctions but that doesnt mean the pipelines will continue to suffer, as well. The other side of this oil story is not just about the demand but supply of oil and supply is surging. We need the infrastructure to support it. I think high beta secl aa cyclil see a rebound. I Like Technology and materials. In materials we think of really interesting stories, maybe u. S. Chemicals business because you get the cheap inputs from the u. S. Energy renaissance competing against the Higher Oil Prices elsewhere. The gas inputs i think is one place to look in the final quarter. We kept it domestic but the question we had is now a good time to invest outside the u. S. . 60 said no. That may be because of the geopolitical risks. Good to see you again. Bill, always good to see you. Thank you. Tensions rising in hong kong and that, of course, has roiled markets there and around the world. Hong kongs beijing selected leader calling on demonstrators to go back to their homes. A lot of moving parts. To this tense and developing story we have why the protests are happening. Dom chu on why hong kong matters. First we go to cnbc on how china is stamping out any attention from the protests on the mainland. Reporter beijing authorities are taking more aggressive steps to try to clamp down on the conversations here about the hong kong protests and have been vetting the chinese internet and blocking instagram and censoring social media apps and also today they decided to blackout Tv Networks Including cnbc. All of this is done so that the beijing government can control the information about the hong kong protests and control the way theyre presented to the chinese public. The state media has been focusing on the costs of the protests to hong kong. Many of those reports are focusing on how schools have been closed or how offices have been heavily inconvenienced and reports about how the hong kong markets have fallen and that Investment Sentiment world wide has been shaken. The beijing authorities are facing a tough challenge with hong kong. If they decide to back down on this issue they can be perceived as weak by others in the government apparatus or emboldened around the country. If you decide to crack down that presents another big problem for them. They could attract international con demnation, alien ate the public and potentially undermine a Financial Center that is very important to china. Tomorrow is going to be national day. A lot of people are wondering how that will factor into the beijing governments thinking mainly because people are wondering if beijing wants to be seen as cracking down on people on a day that is meant for national unity. Cnbc, beijing. Thank you very much. Lets bring in michelle carussocabrerra with more on hong kong. If you are wondering why thousands of chinese citizens think they have the right to demand democracy from the antidemocratic government china has only controlled hong kong for 17 years. Before that it was controlled by the british for more than 150 years. Under the uk they enjoyed tremendous economic freedoms, not necessarily Political Freedoms and a lot of growth. In the 70s hong kong was one of the asia tiger economies. In 1997 when the british handed the island over to china in a ceremony broadcast all over the world. This is video from nbc nightly news the day that it happened. It was an event full of pomp and emotion. You can see Prince Charles was there as they played god save the queen. They lowered the british flag. Thousands of soldiers, fireworks and raised the chinese flag. Last governor appointed by the british sobbed during the ceremony. At the time there was a joint declaration between china and britain. They call it one country, two systems. Although hong kong will be taken over by communist china at the time it will be allowed to remain capitalist. Starting a few years after the handover there are political skirmishes back and forth. Although we are seeing the thousands and biggest, longest protests we have seen there have been many over the last ten years. Beijing wants to pass an antisubversion law. People of hong kong protest. In 2007 hong kong is promised universal suffrage, one vote one person by 2017. What we know now and what they are protesting is that the Chinese Government is saying you can vote but only the candidates that we approve. And they dont see that as the spirit of the agreement. They want to be able to vote for anybody they would like. They didnt have great democratic freedoms under the british. They had a legislative council. They were a colony. Thank you very much. To dominic chu on why hong kong matters for business and investors. It is a huge banking capital. It is a huge banking capital. Lets pick up where michelle talked about the british rule and how it grew. Hong kong is regarded by many as being the third most important Financial Hub globally after new york, london and then hong kong. Here is the reason why. It is a financial powerhouse. The banking and Insurance Industries alone employ an estimated 213,000 people just in this small city state, special Administrative Region of china. It also just the banking and insurance side of the sector, that industry is responsible for about 43 billion worth of Economic Activity alone. That is why this is a huge economic powerhouse. It could have ripple effects for the Banking Industry globally. Take a look at another reason why. The trade side of things. Trade is a huge part of the hong kong dna. It has been a trade port for generations. Just this past year Container Association in hong kong said that nearly 1 trillion worth of goods was trafficked in and out of the hong kong port. A huge shipping center, as well, possible ripple effects. And then the absolute obvious reason why. It is still part of china. Of course, china, the worlds second biggest economy and 9. 2 trillion of gdp ranks it just behind the u. S. If there are ripple effects this is a big one far more so than any other place around the world. When there is unrest like we have seen in Hong Kong Capital gets a little bit nervous. Robert frank always following the money. What could this mean for where people put their money . Money seeks safety. Money from china and hong kong is seeking safety in u. S. Real estate. Chinese buyers spent more than 22 billion last year in u. S. Real estate. California is their favorite spot along with Washington State and new york. With hong kong becoming less attractive as a safe haven brokers telling me we could see more wealth coming here. Helping one chinese billionaire look for a property for more than 40 million and says inquiries were especially strong over the summer. And a broker in l. A. Telling me he had two brand new chinese clients over the weekend looking for a house. The challenge here is that getting money out of china very difficult right now. So you are getting offers and contracts but a lot of deals blowing up because they cant get the money out because of the capital control. Michelle was describing some of the controls and how people circumvent them for exactly this reason. Hong kong was a safe haven for the chinese. Now that is off the table. That change the whole flow of money. We dont know how this is going to work but some of it could come here. The money is also flowing out of russia. We are keeping a very close eye on Russias Central Bank because they say they do not attempt to implement capital controls after the record low. It has plunged almost 20 versus the dollar amid tensions with ukraine. The reason the chart is going up to the right is that is the dollar compared to the ruble. The russian stock market tanked some 20 this year alone. Not since cocacola changed the formula has an iconic brand attempted such a change. Ford is gearing up to do just that. Phil lebeau is live in san antonio, texas. Reporter sue, welcome inside the new ford f series. What stands out is they have replaced the steel panels with aluminum alloy. You know what we are going to do . We are going offroad testing out the new f series live on power lunch. I hope i dont mess things up. We will see you in about 60 seconds. And making something stronger. Will mean making it lighter. One day, factories will work with the cloud. One day. Is today. Shares of conway taking a hit. Now saying it will increase pay for certain drivers. Higher pay means higher costs. The company said it is facing the most pronounced driver short fall it has ever seen. That is getting hit hard down 4. 5 . Ebay shares heading for the best day in more than two years. The internet auction giant announcing it is splitting off the pay pal business into an independent publically traded company. Stock is up better than 8 . Ebay ceo spoke exclusively to our david faber about the big move. As we have continued our annual assessment looking forward three to five years about how we can best position ebay and pay pal we think the Competitive Position and environment of commerce and payments are going through accelerating change. That creates new sets of opportunities and challenges for both ebay and pay pal and that operating independently and separate will give ebay and pay pal focus, strategic flexibility and an ability to move quickly and decisively in this changing environment. Here are some of the details. Ebay market places president will become the ceo of the new e bay after the company is split. American express executive joins pay pal as president and ceo designee. And others will serve on the boards of the new companies. Todays big move pushing shares up 3 so far this year. Thank you. Ford shares taking a bit of a hit as you will see in just a moment. There they are down 26 cents about 1 2 3. Costs from u. S. Recalls. This comes as ford takes one of the biggest gambles in its history. Phil lebeau is in san antonio with more. Reporter that big bet is all about this big truck. This is the new ford f series. This truck is about 700 pounds lighter than previous f series trucks because they stripped out the steel panels and now are replaced with high strength aluminum alloy. Is it durable . We are here in san antonio at an offroad course that ford set up. Let me give you a sense of what we can do with this truck. We are going to go out here. This is a shallow stream here. The whole point here is that we want to show the capability of the truck. Thats just a little taste in the shallow stream. As we go here we continue on the course. A couple of things that stand out. The whole idea is that ford wants a lighter truck for fuel efficiency but didnt want to give up on capability. They show it can take the type of beating that few people will put their truck through but the truck is handling. We drove it yesterday for several hours on the course. One of the neat features is hill dissent. If you are coming down a steep grade you dont have to hold the brake. It will do it for you. That is a taste of what this is all about. The reason this is so important, you are looking at a vehicle that ford makes 8,000 to 10,000 per truck in profit. It is critical to the company. Thats why they want to make sure this truck is the right truck and people will be buying it. I know you have driven the f 150 with the steel panels in it. Obviously this performs very well. How does it feel to drive it, though . Thats a real personal thing with drivers, the way that the truck feels and handles. By the way, you look great in that. Reporter yeah. Its real practical living in suburban chicago. We are going to go back this way. As we are going back this way the question that you asked is how does it handle . It handles great. That is not a question at all. I think the real issue is going to be whether or not people believe that it is going to have the durability over a long period of time. In other words, i have test driven it here over the course of a day. That is wonderful. I have also been in a lot of other vehicles that over the course of test drives they did okay but the question was how would they handle two or three years down the road. Ford believes it put so many miles into the testing of the vehicle that it will work. As we continue going here one of the things we will do to give you a sense another truck in front of us. Our photographer riding in the back of another f series. We will give you a sense of the handling we are giving. To answer your question i think the handling is not a question. It is definitely handling with the technology that they built into this vehicle they have taken a lot of it from the superduty which is a far more rugged pickup truck. They put that technology into this truck. They have a lot riding on it. They really do. Thanks a million. Doesnt get better than phil lebeau in a pickup truck in texas. Lots of triple digit moves this month and that is putting it mildly. We are ending the quarter, as well. Where is the movement in stocks as we head into the final quarter of the year . Those market gyrations over the past months are about as bumpy as phil lebeau in the ford f 150. Lets look at where the momentum is going into the next and final quarter of this year. That up next on power lunch. Financial noise financial noise financial noise know that chasing performance and fewer choices in retirement. Know that proper allocation could help increase returns so you can enjoy that second home sooner. Know the right Financial Planning can help you save for college and retirement. Know where you stand with pnc total insight. A new investing and Banking Experience with personalized guidance and online tools. Visit a branch, call or go online today. The gold market has come well off of the worst levels of the day. Silver down almost 3 . The palladium market off almost 2 . Along with brent crude some of the other commodity metals are getting hit hard. It has been a september to remember. A lot of volatility. It is back. Lots of triple digit moves in the dow. Dom chu looking at winners and loseers and where the momentum is. As you take about the bumpy ride we have been having more recently you look at over the last three months it has been interesting we all know about what has been happening with health care and technology shares. They are the star performers this Third Quarter of the year. You can see they are up from 4 1 2 to 5 . Utilities and Energy Stocks at the opposite end of the spect m spectrum. Energy down nearly 10 where the momentum trade has been over the course of the past and where the strength is going in. Check out what is happening here. Just one here. Over the course of just the past three months. Individually all of those three names have been star performers from about a 19 to 28 higher. And if you want to know because you have has broand matell. Remember, sue, this is important because the Fourth Quarter perhaps easily strong for many parts of the market but those toy carriers are a big focus as we head towards the all important Holiday Shopping season. Thank you very much. We are monitoring a developing story. The indian Prime Minister meeting with president obama. And it is being characterized as a constructive conversation on Climate Change and u. S. Defense companies were especially welcomed to indian economy. There are a lot of business implications to the u. S. And india. We will bring you the headlines as they become available. We are going to move to pimco has you uncertain. We have two five star waited bond fund managers. One runs a socalled unconstrained fund. Youll see it on street signs. Brian sullivan joins us with early headlines in a moment. Uhhh. No, that cant happen. Thats the thing, you dont know how long it has to last. Everyone has retirement questions. So ameriprise created the exclusive. Confident retirement approach. Now you and your ameripise advisor can get the real answers you need. Well, knowing gives you confidence. Start building your confident retirement today. Became big business overnight . Like, really big. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. A Research Tool on thinkorswim. Big day . Ah, the usual. Moved some new cars. Hauled a bunch of steel. Kept the supermarket shelves stocked. Made sure everyone got their latest gadgets. Whats up for the next shift . Ah, nothing much. Just keeping the lights on. laugh nice. Doing the big things that move an economy. See you tomorrow, mac. See you tomorrow, sam. Just another day at norfolk southern. The American Gaming Association out with a new report. Jane wells is in las vegas with the details. Hi, jane. You know here at the Global Gaming expo they are checking out the new slot machines for mad men and willie waunga. In august gaming revenues on the strip were down 6 . Atlantic city is struggling. The industry is gambling on expanding in america. I spoke with the ceo of National Gaming expanding into massachusetts. Its been tough. New supply is hurting existing properties. You might start to see the same shift away to nongaming revenues that you are seeing in las vegas. I think Atlantic City right now if you look at how its feeder markets have been taken away from a gaming perspective they are trying to evolve with more nomgaming amenities. I think you will see that over time may take ten, 15, 20 years in the regional gaming space. As he just mentioned the American Gaming Association we are getting a first look at their first Economic Impact report. Here are big numbers. Direct employment in gaming in the u. S. Is 570,000. Total job impact is 1. 7 Million People including 200,000 government jobs. Total casino revenues last year 81 billion. 30 billion coming from tribal casinos. Industry claims over 130 million and it is almost a quarter trillion dollars. Expanding is hard. Even trying to move Gaming Machines across state lines. If you look at all of the different regulations in place there are a million different regulations that manufacturers have to adhere to as they move equipment around the country. Later we will be talking about gaming here and china and hong kong. All up big today. Back to you. Sue, down to you. If pimcos shakeup has you uncertain fear not because power lunch asked two five star picked income managers to share their best bond trades and strategies with us. Joining us from philadelphia, Jack Mcintire who manages 50 billion in investments including the Global Flagship fund and in atlanta brad freelander, the manager of the fund with 5stars. Brad has employed unconstrained strategies. Welcome to both of you. Jack, i am going to start with you if i could. Given the Global Environment that we find ourselves in now and also the shakeup at pimco what is on your radar screen in terms of what might disturb the fixed income markets . Our radar screen and what is embedded in our portfolios are some duration that is selectively allocated. We are always looking for under valued bonds in our long only portfolio. We have recently found treasuries to be a little more overvalued so we are reducing exposure but find good value in mexican bonds and indonesian bonds. Let me turn to you, if i could, brad. I want to ask you both about pimco. Where are you allocating in terms of fixed Income Portfolio right now . Where do you see opportunity, domestically or globally or both . We are finding plenty of opportunities domestically. We tend to focus on strategies prepared but tend to be heavier on the income side. We found a lot of value within the structured credit market. That could include nonaerges Mortgage Backed securities. We are not afraid with about a 65 allocation in our multi strategy income fund. If i could ask you to address the pimco situation it did roil credit markets but we did see net outflows from pimco into double lines and i dont know whether you saw that as a result of that. Can you comment on it . Sure, there might be a couple of short term dislocations. They are a very big player in fixed income. The world bond market is huge. Even pimco is not going to necessarily move the needle in all of these different bond markets. We have seen some. The net positive is that it is bringing the light to unconstrained bond strategies and that is sort of the future of fixed income in a low yield environment. Investors are trying to figure out how to make money. Before i go to you and ask you for your strategy can you talk to me about what an unconstrained fund is and how it leverages . Absolutely. Unconstrained funds are by definition not fettered by typical investments within a particular landscape of securities. At the same time they are not going to have the same types of restrictions from a bench marking standpoint. The goal would be for them to be more ag nostic towards interest rates. That is important for us and also the ability and the attention to try to outperform many of the traditional indexes by a number of hundred basis points. Thank you very much. We will leave it at that. Appreciate it. We want to let you know that our Brian Sullivan sits down with pimcos new ceo and cio in their first interview since mr. Gross left the firm. That exclusive interview at 2 p. M. Brian will stop by with a preview. Power lunch is back in two minutes. People with type 2 diabetes come from all walks of life. If you have high blood sugar, ask your doctor about farxiga. Its a different kind of medicine that works by removing some sugar from your body. Along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. With one pill a day, farxiga helps lower your a1c. 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Ask your doctor about farxiga and visit our website to learn how you may be able to get every month free. Welcome back to power lunch. The fcc charged two men with insider trading. One of the gentlemen charged was the room mate of a thenPershing Square analyst who allegedly told a friend a day before bill acman in 2012 was set to go public with the fact that he was short against herbal life, this room mate told a friend who then bought 47,000 or made 47,000 by buying put options in herbal life. This gentleman has been ordered to pay a 47,000 civil penalty. What is interesting to note is there is no wrong doing whatsoever alleged against either mr. Acman mimself, Pershing Square or the then analyst, the gentleman who allegedly told his room mate that bill ackman would come out. There is a look at herbal life shares. An Interesting Development in the ongoing saga. Absolutely. Stocks down. 25 . There is probably a lot more that we will find out out about that story as the day progresses. Shares of move are on the move after news corp said it would require the operator of real estate websites. The stock is up 37 . Johnson johnson buying the privately held company focusing on therapies. The deal is valued at about 1. 75 billion. Walgreens reporting Fourth Quarter earnings in line with expectations at 74 cents per share. Results helped by higher prescription sales. Big show coming up on street signs. Pimcos new ceo give first interview since bill gross left the firm. Brian sullivan joins us with early headlines. The last trading day in a volatile september. October looms ahead. Three winners in todays market coming up your way next on power lunch. Your customers, our financing. Your aspirations, our analytics. Your goals, our technology. Introducing synchrony financial, bringing new meaning to the word partnership. Banking. Loyalty. Analytics. Synchrony financial. Enagage with us. How much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going to have to rethink this thing. Its hard to imagine how much well need for a retirement that could last 30 years or more. So maybe we need to approach things differently, if we want to be ready for a longer retirement. 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. Oracles annual open world event is underway in san francisco. John ford is there. He sat down with oracles ceo and coceo. I just sat down with oracle ceo. Wide ranging interview. We talked for upwards of 40 minutes. And she made a very candid and forceful case for oracles growth and vertical integration. She talked about how oracles combination of hardware and software is just Getting Started and will continue to grow. She talked about cloud sales and how the sales force over the past few quarters has figured out how to operate within the model and word of mouth between customers is helping to accelerate that growth now. She talked about infrastructure as a service. I asked this question because larry elson said oracle would be price competitive with others. I wonder how this is going to effect margins. Safra catz telling me because oracle has the hardware that runs so efficiently she believes not only are they cost competitive but that is not only the important thing here but kind of like a drugstore. You go into a walgreens or target and pick up milk as well as a few other higher margin items. She believes that is how this will play out as a cloud. Infrastructure as a service of many things they offer. When we finished up she talked about women in technology. I asked her about the significance of her getting the ceo title. She said if other women can stand on my shoulders and advance that is the most important thing here talking about when she came into wall street in the 80s when she started in Silicon Valley at oracle in the late 90s the picture looked different as far as women ceos and ceos of color. She is pushing initiatives to get executives into place in tech that have different perspectives because that is important she said in a global economy. One that does not generally do interviews at all sitting down for a very candid interview covering a variety of topics. One of three people running this company. Bill gross leaving pimco and rocked the investing world for the First Time Since his departure pimcos ceo doug hodge and new group cio speak out to our Brian Sullivan who joins me now. You spoke to them within the last hour. We will have the full take away on street signs. What are the headlines here . I guess the theme of the day on cnbc is interviews with new ceos who need to introduce themselves to the public. It is two interviews in one. Hodge the ceo. I asked basically was bill gross fired . What is pimco like without bill gross . And im summarizing here. And then it was so youre not bill gross. How are you going to take the assets and invest them a different way . How do you recover the performance . The main question is how to stop the bleeding. Reports of 500 million in outflows going out. How do you do that . It was a long interview. I dont know if they will slice me and dice me. You are the anchor. I got no say. Mandy controls the show. I show up. The key from the corporate point of view is what happens to assets under management. They have 2 trillion which makes them number three in the world i think. If they lose a lot of it that is where they get their income from those fees. I will give you a little tease as we call it in the biz. Here is a taste for you. Number one, i asked about the outflows and maintaining client assets. They were quick to note that even when bill gross was there 75 of pimcos total assets were managed by others. They were not we sort of made it sound pimco was bill gross. Bill gross was pimco. I will take full blame. He was the face. He was the guide they gave us. He was the Michael Jordan of pimco. A lot of smart people here besides that. You remember a couple of months ago bill gross brought back in paul mccully. I asked what is paul mccullys future at pimco . Well find out. It is not what you say it is how you say it. You will have to watch and tune it. 2 00 eastern. We will be with you. Lets head to dominic for a quick market flash. I will be glued to the tv for that hour. The Energy Sector overall ugly day down 1. 5 among losers in the s p 500 within that Energy Sector you look at exploration names like Newfield Exploration and production, eog resources. All of these Companies Trading around the 4 mark. Markets are sitting right now. We told you at the top of the hour that the market has been struggling to move to the upside. That struggle continues. A lot of people talking about deflation down here today. Dow jones off 36. S p 500 off 7 on the trading session. Oil markets still getting crushed. Gold market faired better than a lot of people thought it would. The ten year note Holding Steady at 2. 48 . West texas down almost 4 on the trading session. Winners, ebay, cintas. The s p is not down all that much. If you look at our heat map of the s p the number of red stocks is way, way greater than the number of greens. So the volume is on the down side. That will do it for this edition of power lunch. Street signs after the break. From around the world come to Cleveland Clinic for care each year. And were ready for you with a Second Opinion or a sameday appointment today today today and everyday. Call today, for an appointment today. Whoyour boss . Rk for . Yourself . Your parents . Your family . At baird, what matters most to you. Matters most to us. As an Employee Owned firm, our Financial Advisors have the freedom and resources to realize a plan to fit your familys unique needs. Well listen. Well talk. Well plan. Baird. Want to change the world . Create things that help people. Design safer cars. Faster computers. Smarter grids and smarter phones. Think up new ways to produce energy. Be an engineer. Solve problems the world needs solved. What are you waiting for . Changing the world is part of the job description. [ male announcer ] join the scientists and engineers of exxonmobil in inspiring americas future engineers. Energy lives here. If energy could come from anything . Or if power could go anywhere . Or if light could seek out the dark . What would happen if that happens . Anything. Whenwork with equity experts who work with regional experts thats when expertise happens. Mfs. Because there is no expertise without collaboration. And welcome to street signs where we have an exclusive interview with the new ceo of pimco and the new cio of pimco group. It is their First Time Ever on tv together. We will find out what happened with bill gross, what is going to happen to pimco Going Forward and what is happening to your money right now. We have tyler mathisen. We have bethany here and a big selloff for crude oil. The best news is that mandy is back but her visa to new jersey has been revoked. Shis