But we begin with the war on conference. The research conference. Novartis stock is up about 12 this year. But what exactly is this new treatment . What does it mean for those with cancer . Meg terrell got an exclusive tour of the manufacturing plant. Meg, run us through. Mandy, thats right. It sounds a little like Science Fiction but its close to becoming a reality. All you need to know is its a form of immune owe therapy helping your own immune system fight cancer. It will help patients with leukemia that stop responding to other treatments. It takes a patients t cells out of their body manipulating them in the lab so they better attack cancer and reinfusing them. This requires a whole new way of manufacturing because each patient gets a personalized treatment. We visited the new plant in Morris Plains new jersey to see how it works. They have a system of tracking a patients cells all the way from the hospital where theyre being treated to the plant. Similar to air traffic control. They even track the flights that transport the cells. They arrive packed in dry ice before being sorted to isolate the right cells for the procedure, engineered into super cells and multiplied so they pack a more powerful punch when they returning to the patient. When we went into the labs we had to get suited up in several layers of protective gear not for our protection but for the cells. They think of each set of cells as an extension of the patient theyre treating. Theyre monitored 24 hours a day. We talked with David Epstein about the potential of cart. Take a listen. Most of these patients have pediatric acute lymphocytic cancer. They may have failed other therapies. These are very very Sick Children who have no alternative. And this therapy gives them a chance of having a normal life again. They still have to go through rigorous safety and efficacy testing but if all goes well we could see the first products on the market in 2017. Well give you a rundown of whos competing in the next hour. Thank you very much for that, meg. Certainly good news indeed for those touched by cancer. We have a news alert now from washington. With more swiss banks settling with the department of justice. Eamon javers has it live. Reporter thats right. Its another turn of the crank against swiss bank. The department of justice saying it has reached resolutions with four swiss banks here. Those will enter the departments Swiss Bank Program in which its all about disclosure here. Theyre going to have to cooperate with doj investigations as to which americans had secret swiss bank accounts. Theyll have to reveal a lot of information about those accounts. The one bank that most americans will recognize is Private Banking out of lugano. The doj saying that bank had and managed 109 u. S. Related accounts and they say that they had a peak value of assets under management of about 139. 6 million. Under this deal thats just been announced, they will pay a penalty of 1. 363 million. Thank you very much. A news alert now in the bond market with sevenyear notes up for auction. Rick santelli tracking all the action at the cme. What is todays grade, professor santelli . The best of all three by far, a minus on 29 million sevenyear notes which at dutch auction yielded 1. 888. So if 8 is a lucky number for chinese, its really lucky, i guess, if you bought into this auction. It gives us a good indication that many investors at least believe that maybe weve turned the corner on some of the selling pressures. It is the longest auction instrument on the curve this week. The total supply was 90 million. The bid to cover 2. 49 was above 10 auction average as was 3. 58. Directs were pretty close to 10 option average. No matter how you sliced it, this auction opens the door up to see how it all settles out tomorrow. Lets see the winners and losers at the previous auction levels. Mandy, back to you. Best of breed so far this week. Thank you very much Rick Santelli. Lets look how the benchmark 10year note is performing. The 10year is yielding 2. 13 , a little lower than where we were sitting yesterday which was 2. 15 and the 30year is yielding 2. 885 . Shares of broadcom moving lower by news its being bought for 37 billion. The Semi Conductor sector is higher but its under pressure now. Bertha coombs is covering the story for us at nasdaq. Reporter still outperforming the market. Come walk the wall with me here at nasdaq. Weve got the Semi Conductor index pretty much flat. There you go starting to be a little positive and thats really all you see in techland that is positive our chip names, because this is a record deal in terms of size. 37 billion. Analysts are very positive on the deal for broadcom. They say avago is very good at rolling up these companies. They are just completing this month their rollup of emulex and its storage products. This is going to be a deal although we are watching broadcom fall today. Do know that broadcom did rise yesterday on reporting about the deal ahead of the announcement. Overall we have seen a number of these companies stocks moving higher because theres been a lot of talk about consolidation in the chip space. And analyst shaw says well harry even more of it. The backdrop today is favorable for continued m a. You dont have a lot of in market growth, Interest Rates are low and companies who are making acquisitions are getting rewarded up front by the market. Avago had been in talks, some had said on free scale though it was outbid by nxp. Intel is among others shopping for other chip makers so theres certainly going to be more headlines ahead, no doubt. Back to you. To the health now of the American Housing market. Contracts to buy previously occupied homes soaring to a nineyear high. Pending home sales rising almost 3. 5 last month. Thats the fourth straight monthly increase. Sales are up 14 from a year ago, the largest yearonyear rise since september of 2012. So where are they rising . Contracts surged 10 in the increase and increased 5 in the midwest. The south seeing a 2 gain and just 0. 1 of a percent higher out west. Mandy. Thank you. Here are the headlines, costco beating earnings estimates, however revenue and Comparable Store sales were below forecasts. It was hurt by lower gasoline prices and also a stronger dollar. Elsewhere, chipotle raised to a buy which noted the stocks nearly 20 drop over the past month along with its forecast of at least 25 growth through 2016. And israels Teva Pharmaceuticals disclosing a 1. 35 stake in mylan. You might recall mylan rejected the offer calling it grossly undervalued. Tomorrow is may 29th. 529 thats College Savings day. The big dilemma many parents wrestle with is should you fund your 401 k for your retirement or your childs 529 plan. Our Senior Personal finance correspondent, Sharon Epperson is here with his answers. I think i know the answer. You know the answer but some parents admit they plan to dip into the 401 k and ira money and delay their own retirement to pay for their kids education. Its a better alternative because who wants their kid to be saddled with a huge amount of debt. But there are ways to save for college and retirement at the same time so that you dont jeopardize your own financial security. Heres a good way to strike a balance and prioritize your savings. The first dollars should go to your 401 k . Do that up to the employer match. You want the tax savings. You also dont want to miss out on free money. If you dont have a 401 k contributing to another type of Retirement Plan like a roth ira. The key is to earmark at least 10 to 15 of your pay. Thats the first step that you put that toward retirement. Then pay down Credit Card Debt other high interest debt. If youre paying over 13 interest on the average credit card, thats much higher than student loan rates if you end up having to borrow to cover your kids college builds. You also want to build up your Emergency Fund to cover six months of living expenses. You dont want to have to raid your Retirement Savings or college fund to pay for unexpected expenses. Now is the time to start saving for college. Open a 529 College Savings plan. Put that money in after taxes, it grows taxfree. You can take it out taxfree for qualified Higher Education expenses. If you enroll in your states plan youll probably get a state Tax Deduction too. The key is to save what you can and not worry if you cant save enough to cover the entire cost of college. The point is you can always borrow for college and your child can too but you cannot borrow for your retirement. Thank you very much. Maengd mandy, over to you. Well, he became the face of the 2008 financial crisis after the collapse of Lehman Brothers. Dick fuld now breaking his silence. In fact he just gave his first public speech since 2008 just moments ago in new york. Our kate kelly is there and she has the highlights for us. Also this guy is never afraid of sounding off. Jpmorgan Ceo Jamie Dimon calling out investors saying theyre lazy. What is behind that . And is he right . Well debate. [ male announcer ] legalzoom has helped start over 1 million businesses. If you have a business idea, we have a personalized legal solution thats right for you. With easy stepbystep guidance, were here to help you turn your dream into a reality. Start your Business Today with legalzoom. 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. Welcome back to power lunch. Gopro introducing a six camera device. Sharsz shares are down 10 this year but up 6 in just one week. Google is set to put a buy button. Theyre also launching android pay. Sirius xm facing a Class Action Lawsuit involving royalties for songs recorded before 1972. The stock is up 16 in a year. Ty. All right, mandy, more on fifa and the scandal. The president of the european football governing body michelle platinni not making any comment as he arrived for a meeting in zurich today. The meeting taking place ahead of the Fifa Congress which has been rocked by the arrests of leading officials in a major Corruption Scandal. Tomorrow fifa delegates will vote in the president ial contest between the incumbent, sepp blatter, not indicted and a jordanian prince. Blatter is running for a fifth term. Uefa is backing get prince and calling for the fifa election to be postponed. We shall see. A scheme duping more than 300 investors out of millions. Many lost their life savings. Here is andrea day with crime punishment. The woman behind it had a legitimate tax and accounting business with hundreds of clients who trusted her. But when the funds she supposedly invested didnt add up, the feds bend undercover. Try to get as close as we can to our people. She turned on the Southern Charm and promised investors the world. No one has ever lost any money through an annuity investment, ever. Youre not going to lose a penny of it. Approximately 40 million was brought in. Reporter but most of that money, according to prosecutors, was funding a lavish life. Frank dale u. S. Attorney in tennessee. She was telling people it was an investment they could not lose money. Reporter joyce allen sold annuity investments through benchmark capital owned by this man. The reality was it was not an investment at all. Reporter he says benchmark also offered a Home Equity Program and allen convinced her clients to invest in that too. We refinance your property and put you in a program. We end up paying the payments for you. Reporter she would prepare falsified documents, falsified asset letter to help these individuals qualify for loans they otherwise could not have obtained. And then the money from their homes was sent to benchmark. In turn he says benchmark paid allen a commission. Dale says some investors got dividends and payments but it was all just an illusion. The Business Purpose of benchmark was to run a scam. Reporter they also created a website for investors to check balances online but it was all fake. They had no money in actual accounts. It was all money sitting in benchmark. Reporter with millions rolling in he said allen and candler started spending. The two taking socalled business trips to vegas and palm beach. There was no business discussed. They were purely lavish vacations. Reporter the plan worked until one investor died and his family couldnt collect the money. They filed a lawsuit. It laid out how this was a fraudulent investment and nothing but a financial fraud. Reporter that suit prompted a state and s. E. C. Investigation. Allen kept on meeting with clients, taking their money, assuring them that their investments were perfectly safe. This is where i have all my money. This is where my husband has his money. The reality was she did not have her money with benchmark. He got in his car, dressed in a suit and ended his life. Reporter he died. Just hours after his death allen scrambled to get the cash. She was trying to raid the account of the funds. After trial, allen was sentenced to 30 years in federal lockup. She was convicted of wire fraud, Money Laundering and more. Five others were also charged in the scheme and all pleaded guilty. Back to you. Andrea day with crime punishment. Well, he is never shy about saying what is on his mind. Jpmorgan Ceo Jamie Dimon accusing shareholders for being lazy for relying on Advisory Firms when it comes to voting. Is he right . And he became the face of the financial crisis after the collapse of Lehman Brothers. Dick fuld breaking his silence. You do have to stick around for this, next. S. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans it helps pick up some of what medicare doesnt pay. And could save you in outofpocket medical costs. To me, relationships matter. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] with these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. 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And takes the wheel right from your very hands. This isnt that car. The first and only car with direct adaptive steering. The 328 horsepower q50 from infiniti. Lets take a look at gold prices. Theyre sitting at 1188. Yesterday we were at a twoweek low of 1183 so were five bucks above that but still gold has not done a whole lot so far this year. Silver, palladium are moving higher. Lets get a check on the bond market on the back of that 7year auction that Rick Santelli gave a grade of a minus. I think all the markets agreed with that score keeping, that grade. Look at an intraday of 7. If i would have showed you 5s, 10s or 30s, they also made new session low yields high prices after that auction. Speaking of 10s, lets do a chart starting in march. You can see its slowly rolling over. With tomorrow revisions for First Quarter gdp expected to go way negative traders seem to be getting long in anticipation. The dollar index also moved lower on what was a good auction and that somewhat makes sense on the lower yield move. Tyler, back to you. Rick thank you very much. He is always outspoken. Jpmorgan Ceo Jamie Dimon slamming shareholders calling them lazy for relying too much on advisor refirms on issues such as his pay, rather than making their own decisions. Is he right . Plus chinas stock market crashing overnight, tanking 6. 5 . The market there has doubled over the past year. Is it a bubble still opportunities, is the bubble over . Can you make money in china . Plus todays powerhouse is home to three fortune 500 companies. Actress halle berry was born here. And its home to the rock n roll hall of fame. Can you name that city . What if there were only one kind of dog . Then it would be easy to know everything about that one breed. But in fact, there are over three