a new enviornmental agenda divides the nation. in today's cover story... apple's fierce fight to rule the tech world. plus... intel trains a new generation of innovators... and... how to take the vacation of your life... without breaking the bank. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning! i'm angela miles. it's tuesday, june 3rd. in today's first look: full steam out the dow and s&p keep power to fresh highs while the nasdaq failes to make gains. china reportedly is distrupting google serivices ahead of this week's 25th anniversary of the1989 crack

down on pro democracy demonstrations at tinanment square in beijing. krispy kreme loses its bite with investors. shares fell more than 10% after the close. the donut maker reported a 20% increase in profits-- but lowered its earnings forcast for the year. and christmas in june? the consumerist was first to point out hobby lobby is already selling candy canes and ornaments. trader daniel steicicha of athena advisor services joins us now. this market has been a big gift to investors, let's take a look at today's market action. is the stock market likely to stay in a holding pattern ahead of the ecb announcement and the jobs number coming out on friday? > > i think the answer is yes, but it's more weighted to the jobs number on friday than the ecb announcement even if the ecb didn't do anything i don't think that will have a drastic affect, however employment and

later in the week that's going to be a biggie. > > alright we had this big ism snafu to talk about yesterday, a number came out and then a correction and then another correction. what was your final feel for this number? > > it was a really good number. initially, you saw the 53.2 come out, it was revised to 55.4 which was a good number and in the hour and a half in between some economists were saying something had to be wrong. so it was a solid number in all aspects of it, so going forward i think you have non manufacturing i s m coming out thursday. look at that, those are going to be strong numbers as well. > > where would you put your money than, daniel? > > right now, i'm not going to get overly excited because even though we have good numbers coming in here, there's two things that worry me: one thing in the ism releases-- we had high prices component so we might have some inflationary problems, and the other thing to remember: let's say on friday we have a really good employment number, the market's at really high levels, and oftentimes even though you get a good number you're going to have some pullback due to profit- taking. so long-term stay steady, if we see a dip here, then start getting long. > > thanks as always. > > you're very welcome-- thank

you. diane moca steps in now for chuck coppola-- she is on the apple beat for us-- good morning diane.. good morning angie. and it's a good one for many developers... who are already busy trying out apple's new operating systems... which will be made public later this year. monday, apple's ceo unvieled "fresh" tech software made for, macs, iphones and ipads at this year's conference in san francisco. "how about that!" thousands of developers eagerly ate up demonstrations by ceo tim cook and his team... bragging at the tech giant's worldwide developer conference that apple has welcomed 130 million new users to apple products in the past year. "the point they're not pointing out is how many people they've been losing. the numbers showcase they've been losing a lot of people to samsung and android." tech analyst rob enderle suggests that's why apple introduced new operating systems for its computers and mobile devices with features that mimic those of "other" platforms... such as the icloud drive and a new message

app similar to snap chat. enderlee says the focus on software -- with no new big gadget launch of an i-tv or i- phone 6 -- was expected because of the audience and the timing. this is the first half in a series of announcements. this is the software half. the hardware half still has to come. it completes the solution. and the hardware half is typically the one that has the most impact. "we probably won't see much of that for at least a few weeks if not a few months." "when apple makes a product anouncement, that's a great piece of news and we look forward to each one. and certainly i'm early adopters on any of their new technologies." the new operating systems will allow cool continuity from one device to another -- start an email on your computer.. and with one swipe.. finish it on your phone... or answer a call on your mac while your iphone is ringing in another room. a big buzz centered around apple's new health app... which is designed to interact with wearable fitness devices and could eventually replace high tech wearables-- them same way smartphones replaced gps devices. investors raced to buy shares ahead of the apple event-- causing the stock to rally more than $100 from april to june. the stock closed last at $628 dollars... falling just $4 monday. "it doesn't move with as much volatility. it becomes a much

more secure asset under cook." apple is taking steps to make shares more accessible to a wider variety of investors, a 7 for 1 stock split happens at the end of this week. google was the most recent high flying tech company to do a stock split.. now, the tech giant plans to bring the internet to lands far, far away. the wall street journal reports, google will spend at least $1 billion dollar dollars on a fleet of satellites that will extend internet access to remote parts of the world. the spending tab could reach $3 billion. facebook is also attempting to bring the internet to far away places. a union battle stalls public transit in san francisco. thousands of workers called in sick yesterday, shutting down significant portions of the city's cable car operations. members of the san francisco municipal transit auhority are not allowed to strike, but can call in sick. the union is fighting a recent contract adjustment that gives them an 11 percent raise over two years, but cuts pensions by 7 and a half percent. a union official says the city proposed "unreasonable takeaways in wages and benefits

highest wage in the land... seattle paves the way for higher wages. it's city council voted to raise its minimum wage by 60% to 15 dollars an hour over the next 3 to 7 years. 100,000 people or a quarter of the city's workers will be impacted by the changes small businesses are opposed to the wage changes, arguing the epa introduces new regulations that aim to cut coal plant carbon dioxide emissions by 30%. "the science is clear the risks are clear and the high costs of climate inaction keep piling up." and with that.. the debate begins. the us's one-thousand existing coal plants emit 40% of the nation's carbon pollution. these new rules would be the first such regulations that the plants have faced. coal industry representatives say the regulations will harm competition. and, according to the u.s. chamber of commerce, the new rules could also mean consumers will pay $289 billion more for their electricity

through 2030. environmental watchdogs say benefits would far outweigh any costs. "in fact, it's going to have strong economic benefits, not costs. the epa estimates that for every $1 that is spent to implement this proposed rule, american families will see $7 in health benefits, so on the whole, a very positive impact. aiding in the cutting of carbon emissions is the nation's increasing use of natural gas and renewable energies. carbon emissions have fallen by about 10% during the past eight years. federal investigators reportedly attempting to uncover insider trading involving. billionaire investor carl ichan, pro golfer phil mickelson and las vegas gambler william walters-- may have hit a rough patch. it centers around a large rally in clorox stock after ichan made a $10 billion dollar bid to buy the company. reports that ichan, mickelson and walters were under investigation for insider trading-- surfaced friday night. but one attorney says that may have blown the case.

"i don't think that this investigation is going to get much further along without somebody getting wire-tapped and the disclosure of this investigation has brought to a halt those efforts to wire tap." mickelson and ichan deny doing anything wrong. walter is not commenting. average investors can now learn more about "the dark side" of trading. the financial industry regulatory authority better known as "finra" is giving investors access to so called "dark-pools." the pools are non-traditional trading exchanges typically used by pros. finra's website will post information about stocks in the s&p 500, russell 1000 and some etfs. regulators are hoping to promote greater transparency within the industry. walmart is once again number one on the fortune 500 list... sales rose nearly 6% to $449 billion at the world's largest retailer. right behind walmart, 3 oil companies: exxon chevron and phillips 66. warren

buffetts' berkshire hathaway is number 5, followed by apple. this is the fist time apple has cracked the top 10. rounding out the list: general motors, general electric, valero energy and ford. bidding for the ultimate power lunch stands at almost a half million dollars. warren buffett is once again auctioning off a lunch date on ebay. the opening bid sunday was $25,000. by monday morning... the lunch was going for $350,000. last year's top bidder paid more than a million dollars. money raised in the auction benefits the glide foundation. a takeover attempt is turning ugly. valeant pharmaceuticals recently upped its offer to buy botox maker allergan for $52 billion or just about $181 per share. allergan is said to be urging investors to hold off on vote regarding board members until it reviews valeants latest bid. activist investor bill ackman is pushing for the merger and for the removal of 6 of 9 of allergan's board directors.

americans are kicking into higher gear when it comes to buying cars on credit. auto buyers borrowed a record amount in the first quarter... and took on all-time high monthly payments --averaging $474 dollars. an experian automotive report also shows because of those higher sticker prices, drivers are spreading payments out over a longer period of time. 24.8% of new car loans now last between six and seven years. american's are supersizing their houses. according to the census bureau-- the average home built last year was 26,000 square feet. the highest square footage even before the housing crisis. 44% of homes now have at lest 4 bedrooms. the roomier homes come with a larger price

tag. the average price for a new single family home sold last year for $324,500 compared to $292,200 in 2012. still to come: ways to potentially profit on companies focused on fighting cancer... plus....this is not your average science fair... intel's push to get kids enthusiastic about math and science. and runaway prices... as vacation costs rise... how to save money on an out of town excursion. stay with us!! real issues they're dealing with

can be awkward and uncomfortable. but when their behavior changes, it's time to act. because if we don't, our families and relationships will suffer. listen to the veterans in your life and show you care. it matters. when you recognize a veteran is in crisis, call the veterans crisis line at 1-800-273-8255 and press "1".

luxury is "inn" at marriott. the hotel chain is investing $15 billion dollars during the next 3 year in high end hotels. marriott's ceo says there is strong demand for luxury and lifestyle resorts. marriott brands include the ritz carlton and jw marriott hotels. investors have checked into the stock this past year. shares have climbed from $40 to $61.

enjoying some r&r will cost you more this summer. flights to top u.s. destinations are up 6%. room rates average $115 dollars, up 4.9% from last year. american express finds typical vacationers will spend more than twelve-hundred dollars per person. $100 dollars more than last year. road trips may be the best deal. triple "a" predicts regular gas prices are not likely to top $3.70 per gallon. as the price to get out of town rises... marty nevel of consumer estate services is here with tips that won't bust your vacation budget. welcome back to the show, marty. > > thanks for having me. > > let's get you going with number one... > > number one: avoid those taxi rides. > > avoid the cab. > > absolutely check with your hotel concierge, take the subway, take the buses check the schedules... i was in new

york for a week and we rode the subway and it was phenomenal. and we save a fortune. > > sometimes the hotels have free rides too. number 2 don't travel hungry. > > don't travel hungry. if you're at the airport and your flight is delayed. it costs you 30 percent more to eat at the airport. so it can really have an impact on your total expenses on the trip. > > and you say "eat smart." what do you mean by that? > > eat smart-- take advantage of continental breakfast at the hotels, check with the hotel see what kind of breakfast they have. they have a lot of different things you can do for low-cost or no cost. > > two words: hampton inn-- i do it all the time... i eat this big free breakfasts-- i'm good until 3:00/ 4:00 in the afternoon. i love that idea. > > number four: site see for free. you can check with the concierge at the hotel and see what attractions are available... the liberty bell is free, the smithsonian is free, there's a lot of different

things you can do that are low- cost or no cost. > > i once went on this sewer tour in paris because my boss recommended it. we saw it for free... the sewers for free. and finally: skip souvenirs. > > souvenirs-- you can save a fortune. you can buy the same things online that you could get at a store for about half the cost. so skip the souvenirs when you're on vacation because they've gotcha! > > even in chicago i see people doing the wise thing-- they go to a walgreen's and they get the chicago sweatshirts-- so much less money. good to have you on the show. thanks for your help. > > thanks for having me back. coming up... a traders take on the rise and fall and rise again of biotech stocks. and... wht intel is giving away money to get kids interested in science bill moller gets schooled... after the break.

we know, for our country to stay competitive, we need to excite more kids about the stem fields. science, technology, engineering and math. one way is to hold an international student competition. intel just did that with the international science & engineering fair in los angeles. isef it's called, and out of 1,700 students, nathan han of boston was the top winner. his award-- $75,000. and, boy nathan, you were really surprised when your name was announced. > > oh yeah definitely, they don't tell you beforehand so i literally found out right as they were calling my name up and it was a pretty amazing experience. > > what you did was came up with a way to identify the signs of harmful cancer gene mutations. let me ask you, do you think competitions like this will get more kids excited about science & math? > > definitely, i really think it's a great way to promote stem education when people are still young like in high school i think it's an amazing

opportunity for kids like me to have fun and learn as much as they can. > > well thanks, nathan. now let's talk with wendy hawkins. she's the executive director of the intel foundation which held the competition. wendy, this isn't just getting electricity from a lemon. these high school kids are really engaged in amazing original research. > > this is serious science that these kids do. they aren't learning about science, they aren't dabbling in science. they're doing serious research-- they are actually scientists. as young as 15 as our top award winner this year nathan han was this year. they're doing really serious science that university professors take very seriously. > > so let me ask you sort of the same question i asked nathan, does this competition matter does this make a difference? > > this competition absolutely makes a difference whether it's on the front of simply giving these kids a chance to be scientists to try their wings

and decide is this the career they're going to pursue for the rest of their lives whether it's the actual research they're doing which is seriously looking at ways to address serious things like cancer cures, global warming, things as personal as addressing diabetes care when they've got a grandmother who has died of diabetes... pretty much any way that you look at it, it's an inspiration and makes a difference in the lives of these individual students and the ripple effect goes far beyond the 1800 students we had hosted in los angeles to over 10 million students around the world who compete in science fares to get there. > > very exciting. wendy hawkins from intel. thanks so much. > > thank you. thanks bill... coming up-- a money manager who is getting into position for a biotech bounce... stocks to watch are next in chart talk matt shapiro, president of mws

capital joins us for chart talk on this tuesday. good morning, matt. is it time to take a shot at biotechs? > > well i like biotechs right now and people are forgetting, their looking for growth in this market, the market seems to be rising and trying to find some names to get excited about. of course just look last year biotech was the place to be, and if you look at the two leading biotech stocks: gilead and celgene-- you're actually paying less for growth than you are for many standard names. so if you look at the numbers, they're actually value plays if you wait for the blockbuster

drugs to hit the bottom line which is happening as we speak. > > asco the national conference on cancer cures is going on in chicago, is that a reason to buy up biotechs perhaps to have a potential answer to cancer? > > absolutely and celgene has this huge cancer pipeline and now in this day and age, cancer seems to be more and more treatable and it's so so important to these companies and if you look at celgene and its peg ratio which is the price you're paying for growth, it's under 1-- same thing for gilead. so a lot of people are struggling out there looking to find value, looking to find some companies that are raising the top line. these companies are right there. so i say to investors out there if you're looking for growth, it's right in front of you and it's less expensive than people think. > > i do tend to think of

biotechs as rolaid stocks so investors may need some to handle possible huge sell-offs in the stocks if trials go wrong, matt. > > stay diversified as always and also invests in companies that you have a feel for and like them, for instance if you happen to know a little bit about some of the products like sovaldi the is the blockbuster hepatitis drug of gilead-- get involved with that and i always say invest in what you want to invest in, and these two companies forward pe's are about 15 to 16-- not much more than the market. so you have a little room there in terms of valuation and and in terms of the profits coming forward next year. > > thank you for your insights. > > you're welcome. that's the end of our show for today... coming up tomorrow--- coupling up-- smart money moves for living together, but are not married. we hope you will join us. from all of us at first business... thanks for watcing today!

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