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Transcripts For CNBC Power Lunch 20120514

sue is at the new york stock exchange and check in with us in about ten seconds. also today, jamie and the whale and ina and the new guy now in charge of that unit over there in london that lost $2 billion. president obama s spokesman weighing in on the case. we ve got it all covered. let s start first with sue at the corner of wall and broad. sue. and you said it, ty, it is a down day. there were earlier on an awful lot of losers on the big board with about 25 to 30 dow components lower. dmodties getting roughed up as well. we ll get to that in a minute. we re going to talk stocks with bob pisani. i m impressed by the fact the market has managed to come back so considerably. we were down 1 0 points earlier this morning. yeah. almost 160. we ve gained back 60% of that. and it happened even before the markets closed in europe. we had a nice spike up when that happened. industrials have rallied. some tech stocks have rallied. there you see, i think the bottom line, sue, the

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