That is only one hour away and it always happens during our show and it could be a real market mover for you. We begin with Hedge Fund Ties and steve cohen. A year after he turned hedge fund into a privately held Family Office he continues to beat the market. Kateicle we a look at the Trading Floor in stanford, connecticut. Over to you. Thanks so much and the i think the market is a great place to start up. Never before had a Television Camera here on site. Steve himself is here and trading as well at his own trading station. They are having a good year so far. They are up about 8. 5 . Thats good in light of the markets. Last year as well. They beat the market and they had returns north of 13 . A good run in a month or so. What im told at the moment is cautious about the u. S. Stock market. We could see flat kplafr and a slight tick down. A cautious outlook and not a strong view one way or the other. I came from a meeting and the president of the firm who was recently hired along with other senior changes, and he is bringing on a they only change. They hired about 100 new professionals of late and that brings it to more than 900 persons. In terms of what is interesting, they are focused on 12 out of 65 books. They are feeling better about what happened in a while. Finally i had to ask about the picture. There a number of pictures that are unresolved including a case for alleged failure to supervise. He said the past is the past. They are really not focussed on it 94 are they focused on managing outside money. They want to create the best possible firm on a private basis. That is steves goal and they are focussed on that and the values they articulated. Thank you very much. Interesting view inside the trading room. We are watching the banks. Royal bank of scott lent. Slapped with a 5 billion fine in total. Criminal charges here over rigging the currency markets and libor. Here have the latest. Looks like the grand total is 5. 6 billion for the banks you named. Ubs involved in this one as well. Tearing up ubss previous prosecution agreement under the manipulation scandal saying they agreed not to break the law. They didnt do it and they are slapped with a 200 million plus penalty as well. All of this the department of justice indicates there was something wrong with the culture inside the attorney general. Currency traders at several multinarcotic banks formed a group they dubbed the cartel. Its perhaps fitting that they chose the name as it describes the brazenly illegal behavior they were engaged in on a near fiveyear basis. Almost every day for more than five years, traders in this cartel used a private electronic chat room to manipulate the Exchange Rate between euros using coded language to conceal. Showing the emails back and forth, this one upcoming from the department of financial service. This is advice to a member who is considering joining the group to the other. Mess this up and sleep with one eye open at night. Allegedly from a barclays Vice President saying if you aint cheating, you aint trying. The less competition, the better. Also i should say that the sev giving waivers. Although these are criminal charges, the bank will be able to operate. We will bring it to you. We will pick it up from there. Do you have etfs and bond funds . If you do listen up. Regulators are raising questions about how risky the funds can be. Bob pisani is back on the floor what kinds of funds are they talking about . Financial stability and oversight and these are the things you are worried about. Buried deep is etfs. They are exploring and raise lick righty and they have concerns regarding fire sales. There have been years of liquidity issues and etfs is power lunch. We have talked about certain classes that raise some concerns like referage and inverse. Less rick wid markets. Leveraged loans. We tend to avoid it because we are concerned about it. In the overall market pretty healthy. Heres what i think is going on. The real debate and they are looking at nonbank financial ferms. They dont want any part of it. The foc focusing on products. There is a lot of politics going on. Look at the report. In this report they have virtually dozens of Different Things they are concerned about. Including etfs the bond mutual funds and Market Structure and Interest Rate risk and High Frequency trading. This is all in the 150 page report. My bottom line on this is i have no concerns about recommending claims on the etf that use sectors and etfs that we talk about all the time. I dont have concerns about mutual funds. I have concerns about more exotic etfs and they bear examination. Back to you. Bob thank you very much. Lets go to phil. Part of these under pressure is because of a notetaking a look at the potential of delta adding capacity. Delta will be increasing capacity by 2 with the biggest growth coming in the United States. They take a look at shares of american. Why are we looking at shares of americans . They could force u mighted and american to do the same. They are available for the seat mile. Heres doug parker last night on mat money. I think next year with the growth of something, 5 or 6 . Okay, thank you very much. Lets get out to sue herera for a quick news alert. We have news concerning the department of financial service, specifically that benjamin who heads that division is going to be departing the new York Financial services after four years as serving as the agencys first superintendent. He was quite aggressive and pursuing wrongs on wall street. He was the first put in charge after the 2008 financial crisis. He has been in that position for four years. They were creating that position after the aftermath of the 2008 financial crisis. You had him on power lunch and he will depart after four years of heading that agency. Thank you very much. Investments in the u. S. Were not distant just a decade ago. The economic power house pumping a ton of money into the United States now. Michelle has these numbers. Michelle . As a result of that, mandy, thousands and thousands of americans are working for Chinese Companies right here in the United States. We will show you the numbers and the states right after this. Financial noise financial noise financial noise financial noise recapping the day a beg headlines, sales fell more than expected. The Office Supply retailer is merging. Office depot two years after acquiring office max. The shares are down by about 8 10 of 1 . Hormel profits came in above estimates. The food manufacturer did say the turkey business could be significantly challenged due to the bird flu outbreak. Sales forces trending down today about chinas investment in the United States. Where is that money going . There is a lot of it. Michelle Caruso Cabrera has the scoop. Think of this. 80,000 are working for Chinese Companies here in the United States. Thats a huge increase from five years ago when there were less than 15,000 and in 2,000 the number was virtually zero. When you look at the map of the United States, mostly in the midwest there was a lot of manufacturing. North carolina is number one where there were a lot of smith field properties. Three of the biggest states with employment had 20 do with the pitcher by a chinese meat company. When you look at money, its pretty different except for california. Thats at the very top with 5. 9 billion. They had bigger states where you see a lot of Real Estate Investments which are a lot more expensive. Lets talk more about the report with the president of the National Committee on u. S. China relations. You finished in this report. We broke it down based on state, but if i showed this report it is based on Congressional District. Representative by representative. Why . We wanted to bring it down to the lowest political level in the sense that each Congressional District are working for Chinese Companies. In the district, the congressman that these are providing are jobs. This is more meaningful. They think this investment is doing good things for the district. When a lot of people hear you, a lot of them will think Chinese Investment in the United States. What are the motives . So many of them appear to be connected with the government and they read in the paper this is morning. It is predominantly private. 80 of the United States does not have stateowned enterprises, but private companies. We have the political motivation that doesnt seem to be evident at all. It is businessdriven. They look a lot like multinationals that are investing in the United States. Manufacturing and distribution and areas where they think they can one and one make three. When you see the news and they busted a chinese spy ring and it leads to worries and the reason they are investing is to take know how and trade secrets from u. S. Companies. There bad apples in every bushel. Chinese come to steal and others come to steal. I think you do not see these people who are investing are coming to steal american technology. We dont see them closing plants in the United States. Relocating them back to china. Are they trying to develop products in the United States that goes global . Absolutely. Are they investing in the United States . Absolutely. I think its a positive story as opposed to the negative we hear about. Thanks so much for coming on. Tyler and mandy, one point we should make. 80,000 americans being employed by Chinese Companies. 700,000 are employed by japanese. Still relatively small with big investors in the u. S. Good to put that into perspective. Great reporting. Shares of etsy tanking after a big loss. The stock is down more than 30 since going public in midapril. Should they give them another chance or is the stock going lower . The most bearish we found makes his case. Plus coming up, a power pitch start up scrambling things up. All you need is scrambling a couple of eggs. Will the founder show hes a good egg . Now im a little suspect. I would love to see the books on that. Stay tuned to find out. Top to find a bathroom . Cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. To avoid longterm injury, get medical help right away for an erection lasting more than four hours. If you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. Ask your doctor about cialis for daily use and a free 30tablet trial. Dont just visit new york. Visit tripadvisor new york. With millions of reviews and the best hotel prices. Book your next trip at tripadvisor. Com today. This emerald is said to be the largest ever. 38. 51 carats. A little bigger than mandys and expected to bring at least two million. The auction is set for june 2nd. A little bigger . Me thinks quite a lot. Start up is scrambling up the egg game. We gave you the 30 seconds to convince him his start up is the next big thing. I have been in the Food Industry for 15 years and cofounder of clever foodies. We launched a construct scalded scramble. Its a mix of veggies and herbs to go with eggs so you can create dishes and fast scrambled eggs and fritatas and omelettes. You need scramble and a couple of eggs. In the First Six Months of business we have been able to establish relationships with different egg company. Scramble hit the shelves and we have 1200 stores beside the eggs and all super markets. We are on the way to surpass 1 million in revenue for the first year and now own an entirely new category in the dairy section of american super markets. Welcome to todays power pitch. You just saw the pitch. Lets meet the panel. On set with us is a partner at Collaborative Fund that backs seed stage ventures including a company that creates plantbased and eggless food products. Lauren jupiter at accel foods. She served as a board member of exo that makes protein bars out of cricket flower. Celebrity chef rocco has created a personalized weight loss program, coaching organic food system and maleit kit Service Called the delicious by rocco. Paulo, you are in the hot seat. First question goes to you. The hardest thing is getting distribution. Can you tell us about how you go the to 1200 scores so quickly . We initiated conversations with major purveyors in the industry and we have a relationship with egglands best the letting egg brand in north america. We have been lucky enough to use the sales force and we have direct access to the buyers in the right department. One of the Biggest Challenges with the packaged food company is driving trial. I would love to know who your target consumer is and how to get them to purchase the product. Moms are the decision makers. We have been lucky enough that the kids have been embracing the product. In the locations that we are in super markets like publix and price shopper, we have attempted to promote or do any marketing initiatives and the product is already turning. Do you plan to add all natural and nongmo ingredients . We are all natural and we dont use sugar. We are certified gluten free and from a preparation point of view the preparation is pure. Its a foundation of a good meal. We layer flavors so you can detect every ingredient when you eat it. Its fundamental that anybody can get. Whats to prevent competitors and whats the gross market . We have the benefit of being the first movers. We are a new category. We would welcome a competitor because it would give visibility to the segment and increase our valuable position. Profit margins, confidential at the moment but we are in line with the margins in the industry. We are highly scaleable at the moment. Can you walk me through a fivechain and ultimately how much capital you will need in the long run to get to whatever size you want to be down the road. We are selffunded at the moment and can be for a long time. In terms of supply chain, i operate the manufacturer and infrastructure and bring 15 years of experience in food manufacturing. Our product retails between 3. 79 and 4. 99 a yar. What are you going to do with the money . We will be fine for 12 to 18 months. You heard what he had to say. We need to know if the panel is in or out. Im very impressed by the fact that he has gotten to a million and a half self fund and profitable margin structure. On the basis of that and creating a new category i like the venture aspect and i am in. The product doesnt do that to make eggs more convenience and adds a layer to an inconvenient item on a daily basis. Im out. Im a chef and it tastes great which is a huge advantage. I love the fact that you are profitable now, but im suspect and would love to see the books on that. I think you invented a category that could expand and i see multiple product line expansions. I think the fact that you are getting people to cook at home which is really one of the biggest cures to the obesity epidemic. For that fact alone, im in. Two ins and one out. Whats your reaction . Im very happy. I hope i can address your concerns with a solid track record going forward. Thank you very much. And thanks so much to paolo from clever foodies. That is todays power pitch. You in or out on scramble . For more, visit power lunch and i was with the quite disappointed i was out that day because it looks delicious. Right next to the eggs in the aisle. The biggest threat to the Pharma Business. How are they affecting the bottom line there . Plus paulson and ekman and the greatest 2r5ids of all time. You weighed in on your picks. Inside the feds head. The release of the fed minutes. 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Hi, everyone. Im sue he rer a. The Drug Enforcement administration conducting raids on pharmacies and pain clinics as a crack down on prescription pain drug abuse. Thats according to sources that tell nbc news. In al bam a louisiana and mississippi part of a 15month operation by the dea. Hormel foods said the forecast for turkey meat production is for the birds. They