firm idea box to launch a line of prefabricated homes. the one-bedroom homes will be decked out entirely of ikea and sold for $86,500. you won't buy the homes at ikea but find them at idea box.us. thanks so much for joining us monday. brian is back tomorrow and the closing bell is coming up next. today on the closing bell, emerging mark down, stocks dip after china lowers its annual growth target. how smart investors are playing the news, straight ahead. plus, checking in. jonathan tisch talks exclusively to maria about the health of the travel industry and why it's a good barometer for the state of the u.s. economy. live from post 9 on the floor of the new york stock exchange, this is the final and most important hour of the trading day. >> very good afternoon to you,

welcome to the closing bell, i'm simon hobbs at the new york stock exchange. >> simon, good see you, hi, everybody, i'm maria bartiromo a mark that's is flat here that is a victory really isn't it, simon? we had the lows hit earlier today in the morning and financials under pressure and computer stocks among the laggards. >> come back in a straight line, now down about 15 points on the dow. not bad. >> volume still under pressure, talking about very low numbers day in and day out, you have got to take a look at oil, not a big movement in oil today, $106 barrel oil. i wonder what your sources are saying as far as the magic number to actually start having different decisionmaking happening on the part of consumers. >> we are not far off. once you start talking about $4 a gallon gas, obviously then you're in some difficulty what people seem to be focusing on far more at the moment is that employment report on friday. as we heard from goldman sachs today, bill o'neil, if you can get a third positive surprise, maybe people will begin to uprate their view of the u.s.

economy and that could row provide the next leg higher. >> the employment numbers key friday, move into earnings he can expectation season, stocks followed the global market in the red after china lowered its gdp target and investors renewed their focus on the european debt crisis. we have come off the lows following the better-than-expected movement in the united states. one of the big laggards on the session today, caterpillar, due to growth concerns out of china today, talking numbers to find out whether the pull back is an opportunity to get back into shares into caterpillar, the stock very heavily trade and down on the session. >> see where we stand, an hour to go on the trading day as we have mentioned to you, the dow cut its losses, in the market overall, the defensives that inched higher, the consumer staples, telecom, verizon, we have cut the losses, look at the nasdaq, see where we are. dow 13,000 last week the big focus, 3,000 on the nasdaq, not

there today, around 10:00, we have that sharp move down in apple suddenly out of nowhere, one reason why you see the nasdaq with that graph. then there we are on the s & p 500, a third of 1% overall but a few minutes to play. let's get into today's closing bell exchange then, bob pisani here at nyse and kelly evans following some of the economic data back at hq. bob, let's kick off with you and talk about where we now stand on this rally. >> the important thing is the fundamental thesis, simon is still pretty much intact. we talked about this morning, put up here on the board, show you, maybe kelly you can give me your thoughts on this the idea is the u.s. economy is still continuing to expand, number one, number two europe is still continuing to get oceans of liquidity support from the ecb and china is going to be muddling along, china is going to be doing all right, still got internal growth it will be promoting at this point.

kelly, do you think the fundamental thesis changed today? >> the questionen is asking is the u.s. economy strong enough to stand on its own two feet. quantitative easing come into the fed to pump up the market. as you say right now, things look okay on the data front, indexes today coming in showing service sector activity expanding, for example, but not exactly a slamdunk, i think there are concerns, especially about profitability, that may be weighing on shares, too. >> one of the problems, kelly, the low volume has got the traders nuts. i talk to these guys every day on the trading desks and could you see apple's weakness today, initially unlike volume, volume turned up. got them all a little bit crazy, trying to figure out if there is steam left in the market, an 8% move in the s & p 500, leadership is far this row. >> the corporate sector, march

5th, moving into an environment where the anticipation will get moved up in terms of what we are expecting out of the corporate sector. we know this has been the best part of the economic recovery. we want to see if that slow down in china, what's happening in europe is actually beginning to impact corporate earnings. >> i guess worth remembering, we are kind of achieved gains people arguing on that fundamental basis on price earnings might get for the year overall. we have had an extraordinary run. why the market perhaps is pause this stage and inevitably a conversation about consolidation, which is essentially the point you are making. >> this thing about china, knee jerk reaction, market did what it should do china lowering growth, selling materials, energy stocks, the chinese made a very big -- jiabao made a move

today. there is low volume, we have seen the rally run its course, oil prices moving up, whether it is 2011, 2010, go back years before people have been used to this period things look okay in the spring and unwind. i think that has a lot to do with why people feel cautious about getting too excited about things right now. >> yep. >> sell in may, go away. i hate that. i hate cliches like that. but there is something historically to that pattern for sure. >> not a lot of political talk today, people are expecting mitt romney to move forward although the most recent contest has not done anything for the economic story or market story, simon. >> interesting as we get more details of the industrial policies, we will talk about this later in the program, you have, for example, the white house and indiedrich santorum saying there should be cuts in taxes for manufacturing and we will debate whether that could do the business to a greater extent on the job front, generated 400,000 manufacturing

jobs coming out of the recession, nowhere near what we lost. >> simon, keep in mind, we have only employed at this point in the u.s., only have about 12 million people working in manufacturing, out of a labor force of 150 million, a population of 300 million. you can throw a lot of incentives at manufacturing and get some jobs back but still not going to be the overriding theme here, we need more sectors and today's service sector showed, employment down from the prior month, indicating caution. we are going to need more broad-based gains beyond manufacturing her to keep job growth growing and growing forward. >> simon, your point is well taken, other than a blip around president obama's tax policy, the republican primaries very little effect on the stock market. >> we will see what happens tomorrow night when we get the results from super tuesday. thanks, everybody. looking at the movers and shakers, we got big movers in the individual sectors look at. brian shactman the cnbc realtime exchange with that angle. over to you, brian. >> thanks very much. look at the s & p from a sector

perspective to start here, pretty defensive market, consumer staple, telecom, utilities positive. materials, by farther laggard today that recalibration after china's 2012 growth estimates, steel the hardest and most of the names seen the entire 2012 gains wiped out. freeport-mcmoran showing how much the miners are getting hurt, down 4% and cliff's natural down 3% for coal. we haven't talked about yelp today, right behind maria, if you saw the logo behind her, down more than 10%, almost 11%. you have to remember, priced a 15, opened at 22, now below that open price. ibm, flirting with 200 a share, now above it by 11 cents, earlier hit 201.19. also talk about first solar down 6%. in the last year, down 80%. bounced off a little bit of a new low of 27.50 but still down 6%. consumer staples strong all day as simon mentioned, walgreen,

jeep mills, at tree ya, cost co-. is 1% cost for at tree ya. i want to keep an eye on pandora. they make money at stifel nicolaus, could make money, it is up year-to-date. >> thank you very much for that. treasuries posting modest losses today as we wait that key employment data later in the week we spoke about. cnbc's rick sap telein chicago with the details on the trade. hi, rick. >> hi, simon. you look at these bench mark yields, i top to speak, a two-year, ten-year in the u.s. or ten-number boone number overseas, all are up a couple basis points in yields, down a bit in price and when you consider the data, today you just heard some discussion about the nonmanufacturing ism. headline number was great.

highest in a year. but as you comb through some of the indices, we did see some disappointing movement in the employment index and we also know that ian jones today downgraded portugal from b plus to b minus. all of these issues should affect treasury bus most likely, according to all the traders i talked to, that slight upward drift in yield is associated with wednesday and fridays's labor report. why? expecting big numbers all in all and that is the definitive economic fundamental we get once a month so traders hunkering down a bit. when you look at the cross winds between china, portugal, spain, headlines that i just referred to you really get pulled in many directions but you can always keep it simple when it comes to treasury dynamics, jobs, jobs, jobs of. back to you. >> thank you very much. here we go 49 minutes to trade before the end of the session. let's just have a quick check on the dow and nasdaq, we started heading back down on the dow a few moments ago.

down 17 points, worth bearing in mind that apple is down just over 2%. that is a big component now the nasdaq and dbsp. >> check in with lowe's, has its happened in everything from hoe else to energy. jonathan tisch his take on the state of the economy. what he is finding today. another sign that this rally is running out of steam, the question we will ask moving forward, we will break down the charts in talking numbers. then after the bell we head down to the 32nd annual health care conference to talk with callen ceo jeff solomon to get what trends are he is seeing in health care m and a action. that is at 4:15. here is the sea of red on the s & p 500, half a sea of red, a little under half a sea of again this is cnbc, first in business worldwide. americans believe they should be in charge of their own future.

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45 minutes to trade still this monday afternoon. time for a quick market check. look want we are on the moment on the dow, cutting the earlier losses, obviously down, second straight session in negative territory. china signalling it may not get

the growth we had anticipated overnight. but what is important is the way in which we have claude our way back throughout that session and we are currently down just 17 points. let have a quick check on some of the biggest winners and losers in the course of the session today. mentioned that telecom and consumer discretionary are doing well. verizon and indeed, merck done higher today. alcoa, a lot of the basic material stocks not doing as well as a result of what we got out of beijing overnight, maria. >> thank you h the lowes corporation has its hands in a number offer properties from insurance to natural gas as well as high-end hotels. the stock off a few percentage points this year and joining me now, cnbc exclusive is jonathan tisch, co-chairman of the board for the loews corporation.

how would you characterize things in the economy? >> the things in the open you talked about, we worry about. higher fuel cost is that going to dampen the consumer, have impact on business? we look at the five different subsidiaries, we are doing well and cautiously optimistic. >> you are seeing a bit of a comeback for the economy, right? seeing the data points that show -- >> very much so employment numbers a touch better. housing is still difficult but in our businesses, we are pleased. we are doing well in insurance. we are doing well in the energy sector. hotels are starting to improve. loews hotel also a good year in 2011. >> i guess the fly in the ointment, the price of oil. $106 a barrel that would be a positive for diamond, diamond offshore. >> our offshore oil rig, higher fuel, higher oil costs, companies will want to explore more, look for new energy, it is good for diamond. >> the rest of the businesses getting impacted as a consequence. >> with our natural gas entities, three subsidiaries that are natural gas, still the prices are reduced there, there are some challenges there but boardwalk pipelines is doing

well and ask about hotels, obviously what is the impact on the consumer and that is a concern. when the price of a gallon of gas gets to $5, does the consumer reset their thinking? is that a sign to them that they can understand that maybe they should spend less on a trip? maybe they should spend less on a vacation? that becomes a bit worrisome. >> you would think that does go into decision making because they are siphoning their cash off in a different place. so tell us about hotels and real estate right now. i mean, it feels like when you go into restaurants and hotels in new york, everything is always crowded. >> certainly the business at the high end is doing well. we are getting back to those pre'08 number also. you look at new york city, 15 million visitors last year. >> is this international? >> international helps a lot. 50 million visitors, 18% of them are from international destinations but they are responsible for 48% of all the money that's spent in new york city. we have added 18,000 hotel rooms

and we are still running 82% okay papacy in new york. so we feel good about what's happening in the city. across the country, if you brake down the business travel, it is picking up again. as you know, the ceos of publicly traded companies have done a good job getting their balance sheet in order, letting people back on the road. the signs are there. doing very well in florida. the miami beach hotel, three hotels on the grounds of universal studios in orlando, the recovery is coming in our industry. plus remember that it is still very hard to finance new construction. the credit markets are frozen, we are looking at new opportunities, but there has to be a very strong sponsorship from the develop and the owner to get financing. as we start to recover, there is less product coming online so the demand is picking up, supply is staying relatively low. i want to ask you more about real estate, in terms of hotels and the business, are you seeing a bigger recovery in the business portion of the industry

or -- >> on the business side, because businesses are improving, ceos, not just ceos, any size business, they are feeling better, know they have got to get their people on the road to look for the opportunities, know if they are going to create jobs, they have got to expand their own business, they have got to hire more people. so they want to be part of the recovery, so we are optimistic that the business -- business terms of our business are continuing to stay strong. >> how do the bookings look from your standpoint for? what kind of a year? >> 2012 should be a good year but we live in a scary world. if you look at the middle east, look at the euro zone, who know what is could tip that balance, but things stay stable. i think is going to be a very good year for lodging. >> still got some fragility out there, but the expectation is there congratulations on the giants win. thank you, maria. amazing. >> everybody was just thinking what a game all the way until the end. what does a super bowl win do

for the team things? >> it does a lot for our players, brings them so much fulfillment, worked so hard this year was great for our players and fans. we at the new york giants are trying to sell more of our personal seat licenses it gets the fans more engaged, always looking for new sponsorship opportunities and the certainly flow is a correlation between wing and people wanting to be part of your organization, part of your team. it is true in any business it is true in sports. >> new york and new jersey on fire over the giants, a great moment to watch. the super bowl is coming to new york, which is really exciting. this is going to bring how much noun new york? how important is the super bowl coming here in two years? >> maria, this will be the first time that the game is played in a building without a roof in a northern city. so, there are challenges involved. first time ever the game is being pop is soared by two teams, the new york giants and the new york jets. and we estimate that it is going

to bring about $500 million to new york and new jersey. this is a two-state super bowl. a lot of events will take place in new jersey lot of places in new york will be used. we are very excited about coming to new york in 2014. >> do you have to invest heavily before that just the infrastructure represent some challenge? >> we have got an organization in place already. our ceo, former president of american express, has 15 people part of our team. we will continue to grow as we get toward february of 2014. it is a big operation. we are very excited because we are going to use so much of these wonderful very news in new york and new jersey and we want to make sure that we leave a legacy, that there will be something beyond the game, something beyond what happens at that specific moment in time people will say the super bowl coming to new york, new jersey, an amaze couple of days, here is the lasting legacy for kids and the communities. great stuff. 500 million to new york. >> and new jersey. that is real numbers there john, good to talk with you.

john tisch, co-chairman of the board for loews chairman. 40 minutes in the closing bell sounds for the day. the market coming back flat on the session, down 4 points. checking out caterpillar stock next, a breather the last few days. you want to own it here, put money to work? we will check it out on cat. tell you about it in talking numbers. first, here is how each member of the dow, including you caterpillar, trading now with 40 minutes before the closing bell on a monday. back in a moment. [ leanne ] appliance park has been here since the early 50s.

my dad and grandfather spent their whole careers here. [ charlie ] we're the heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the forefront of revitalizing manufacturing. we're proving that it can be done here, and it can be done well. [ ilona ] i came to ge after the plant i was working at closed after 33 years. ge's giving me the chance to start back over. [ cindy ] there's construction workers everywhere. so what does that mean? it means work. it means work for more people.

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i'm bertha coombs. nynex moving up in the after hours session, traders today balancing the concerns about iran and potential supply disruption and also worries about slower demand as china ratcheted down its gdp growth. the end result was a day where we were basically flat on the day when it came to oil prices. not the same story when it came to nat gas, the forecast is calling for more warm weather over the next six to ten days. take a look, nat gas plunging to a new ten-year low with so many supplies. back over to you guys at the nyse. >> thank you, bertha. the question on everybody's lips where are we on the rally? cutting the losses now the dow almost back up to the flat line

what does it mean going forward? carter worth is talking numbers, chief market technician at oppenheimer. what do you think of the market? >> in principle, a good rule of thumb is as follows. if after plunging dramatically recovers all of that lost ground, invariably it will stop when it gets right back to the top from which it sold off. it is simply a function of where there's memory. people who are trapped by the selloff, having lost a lot of money and have that money returned to them, a here is a graphic form. the wipeout of last summer, equally impressive recovery and now, what you see is we are right back to the may top. in principle, you should respond to that type. two types of response, there's time response or price response and time is simply this, where you go sideways. or price, you go down. they are both healthy and both normal. it means simply that this

supply, unhappy people from here who having lost a lot of money and seep those monies returned to them start selling and people from here who bought well, try book gains and that happens invariably. >> we are vulnerable what you are saying, going flat to negative? >> doesn't have to be a lot, has to be something. you want that response to happen. >> in order to consolidate -- >> in order to have a sustainable vans you want some sort of pause or give back that anticipates this very steep up corrected wave. >> which stocks are particularly vulnerable? >> a large cap stock the same picture as the market, caterpillar, exact prototype, a violent selloff, a 75% recovery, 68-117, notice exactly where it has come to rest. if you put in the oval, it shows what happened the last month and a half. it is a month into its break aremember due for another six to eight weeks of time or the

alternative, price. one or the other inevitable. >> going to go -- >> sideways or down. not so much which one is good or bad, it is that it doesn't go up. >> interesting, carter, that was great, carter worth from oppenheimer, back to you. >> thank you thanks, simon. 30 minutes until the closing bell sounds for the day. this market is down six points or so our next guest says the risk on rally won't last. it is time to get into risk off assets, tell you what that means when we come back. we take a break, take a look at the standouts in the s & p 500. we are back in a moment on closing bell. tdd# 1-800-345-2550 checking the charts. tdd# 1-800-345-2550 looking for support, tdd# 1-800-345-2550 resistance, breakouts, tdd# 1-800-345-2550 a few other tricks that i'll keep to myself. tdd# 1-800-345-2550 that's how i trade. tdd# 1-800-345-2550 and i do it all with charles schwab, tdd# 1-800-345-2550 because their streetsmart edge platform tdd# 1-800-345-2550 helps me trade quickly, intuitively. tdd# 1-800-345-2550 staying on top of the market is key! tdd# 1-800-345-2550 and the momentum tool, tdd# 1-800-345-2550 it lets me do it at a glance,

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welcome back. i'm sitting here waiting for the dow to go positive, down 85 points the early part of the morning, would once again we just turned around. do you know the dow has not had a triple-digit decline all year that is remarkable, not since december 28th have we been down triple digits in the dow. today, led by the big name energy stocks, like exxon and chevron, travellers did well throughout the day some of the other names, like the telecom stocks also helped. coal down all day, you know why,

china lowering growth forecast that always hits the coal stocks. big-name materials stocks, steel stocks weak throughout the day. i know traders are acy over the very light volume we have been seeing in the last two months. guys, back to you. >> thank you very much, bob. one of our next gechess says the rally won't last, it is a message we have hoped in the last five minutes on the program, too time book profits to take risk off the table? >> joining us to weigh in, rich bernstein, cnbc contributor and also with us, michael porter, bishop william lawrence university professor at har ward advice school. good to see you both. thanks so much for joining us. rich, you are uner inned by this you don't think it lasts. i'm nervous what people like to term risk on assets, asking me about emerging markets, asking about multinational bank, yes, i'm very nervous. if you are asking me about u.s. domicile companies that sell

precome nantly into the u.s. economy, i'm not very worried at all. >> so the risk on assets, technology, that's really the hotspot. >> absolutely. >> you think that reverse is porous? how significant a decline? >> i'm not a short-term technician, not going to be able to give that you kind of information. i will tell you, you know, if you think about what's going around the world and everybody's bet has a world is the place you want to be and the united states is the place to avoid, our strategies are the exact opposite. we are trying to expose our strategies to the u.s. economy and protect our strategies from the global economy. >> professor porter what would you say to the audience this afternoon? >> well, i think that, you know, this economy seems to be strengthening and i think opportunities in the u.s., but the really fundamental question is the long-term outlook is, we find, very, very disturbing. in terms of the fundamental ability of the economy to generate jobs, the ability to enforce the rising standard of living, the ability to get the americans that want to

participate in our economy, participating, we are just fatering on all of those enjoys and so all the though the economy may go up it will go up slowly and fitfully, unless we weigh in the issues. looking at a chance here for the stock market before they changed it then. what happens to the u.s. economy and what happens to the stock market is not necessarily the same thing. apple can be the largest corporation in the world and broadly employ people in china, investors can whittle out of that americans remain on board. >> done quite well in the global economy but america as a location for business and a location for jobs has not done we well. there is more than just a sharp recession going on there is more than just digesting an overconsumption bin.we look at the data, the underlying

fundamentals of productivity in america are the fathering, into the we can't fix t. >> what would fix that then, michael? >> we find that, you know, some of our core strengths are inn tact, entrepreneurship, education system, the data really support this, what is really getting into the sway complexity of the tax code, a lot of regulation, not just regulatory standard bus the transactions cost of going through those, the inability to kind of fix problems, getting the infrastructure efficient. i think we go back ten years ago, people thought the united

states was infallible, the tech bubble, valuations were extremely lofty. valuations in the united states, smaller companies are quite cheap. . >> they are cheap relative to earnings if you look at technology. the stuff like apple, you look at the pe ratios of some of these names, you are still talking about -- they are not crazy. >> in certain cases we could ask what the new issue in market in technology -- >> facebook at $100 billion. >> i didn't want to say individual names, you might have hit on an important one there for the majority of mature technology companies, you are right. >> with he believe that business has some role in affecting the

competitiveness of the u.s. economy, taking steps to improve the skill base, taking steps to nurture u.s. suppliers, taking steps to build a common companies globalized the past ten or 12 years, got the idea america wasn't important anymore, just one place, if you don't invest in the come mops, the environment in the u.s., american companies won't do well. >> rich, if you want to avoid the high beta areas, you stayed this is where the risk on problem was, where would you be investing now? >> looking very oddly enough at very small bank, not regional banks, but small cap banks, interesting on a day like today, multinational banks are down, small cap u.s. banks are actually up today. why? exposed to the u.s. economy and not the credit bubbles going on around the world. >> thank you so much. good luck with the competitiveness conference their having at harvard. >> we have 23 minutes to trade. i thought we were about to cross

the flat line into positive territory but i'm afraid we have started edging lower again. the dow just down about six points at the moment. >> just 20 minutes before the closing bell sounds. get ready to trade the close. find out why our next guest says investors should pay attention to the nikkei average today. there it is down 1%. after bell, luxury retail sales are booning, show you which luxury stocks are still worth shopping for now. as we need a break, take a look at the big lure schullry names and how they are trading today. you are watching the closing bell, coming up. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62%

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welcome back to closing bell. seema moody here. let walk you through a couple of the notable losers. starting with metro pcs and leap wireless getting hit after bernstein research down grading those to neutral, citing valuation concerns. seeing selloff in the semiconductor space, weighing on the nasdaq. global chip sales for the month of january fell 2.7%. a couple reasons, inflation, ongoing european debt crisis and weaked global economy. if you look at some of the sector heavyweights, intel, advanced microdevices all trading lower in today's trade. guys, back to you. >> thank you very much, seem ma. 18 minutes to trade a quick market stat check on the nasdaq. you will be aware 33,000 was the level that we managed to breach last week.

a quick bounce coming through 3:00 eastern, not enough to bring us out of negative territory. earlier, during the course of the session, we lost 36 points. meanwhile the cboe's volatility index holding onto steady gains all day. the vix at 1820 as you can see. interesting comment about the degree which you might see volume in the vix as a direct result of a lack of volume down here at the nyse. the last time incident italy that vix settled above 20 was february 15th, maria. >> thank you. marketing pulling back as we approach the final stretch on wall street. some staying is time to take some money off the table. where do you want to be placing your beats this juncture? our next guest is keeping a close eye on asia. ken marsher in, head of quantitative easeding in ubs what is the trade and why are you so focused on asia? >> their prime minister -- local

currency. >> so if we would see the yen weaken, would that be a positive for the currency here and what about the stock market? give us the relationship. >> basically, these companies have been forced to operate in an environment where you have this currency headwind that they have been facing for a long time now. they have managed to cut their costs dramatically, increase their margins, once the headwind flips around and becomes a tailwind, good for their future profits. >> keep, let me get your take on what went on today, a wild, volatile day volume is deadly once again. it started out with apple, right, a big selloff earlier,

coming out with a new product line this wednesday. what happened? >> sure. i think apple is a good case of a stock that's done really well, is now fairly well owned and people can be jittery pretty quickly. wednesday, supposed to be a new ipad 3 launch, maybe chart the product didn't have bells and whistles and that created a mini storm there, caution the stock to sell off 3%. people should keep in mind, it was a 3% selloff, the stocks up many mult pole was that on the year, the past couple of months. what a run. keep, good to talk with you, thank you so much. >> see you soon, ken marschner, simon, over to you. 15 minutes before the end of the trading session. hi. the nasdaq in negative terrors to. up next, brian shactman has his eye on some of the under-the-radar movers. brian? >> you know i could probably stand to lose a few lbs, i might want to look into nutra system, want to add heft, you might want to look tattoo, up 6%.

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welcome back,the floor of the exchange, big east tips off, men's basketball championship tournament tomorrow at madson square garden, the 30th straight the year conference held its tournament at msg. catching up now through -- with the big east commissioner, joining me right now, to talk about celebrating this big event. good to see you, john. as many as ten teams from the big east could qualify for the

ncaa tournament in a little more than a week what are the odds that a big east team takes home the title? a very good, obviously. >> i can't he? >> last year, connecticut won't whole thing. beginning with this tournament here in new york, winning five straight games and six straight to capture the championship. >> talk about the two big members of the conference, syracuse and pittsburgh getting set to leave for the acc. other schools, including uconn, looking to exit the big east. how does the conference stay relevant when you have these defecti defections? >> we have rebuilt the conference, have seven schools coming in at this point and in terms of your question about long-term stability or relevance, 30% of the company in terms of the imprint, drive value for the future and keep us together for the long term. >> what are you expecting from the big east this year? >> in terms of? >> in terms of how this plays out, ex-expecting in terms of

audience, something a lot of the traders are focused on for the entire tournament. >> this is one of the three events that consistently goes on in new york city on an annual basis, so we have got a tremendous amount of exposure. it is a tradition that is unmatched by any other conference in the country, having three decades long history with this tournament and always something unique every year, keep topping ourselves with the event itself, better that the previous year. >> we will be watching, of course, john, good to talk to you. >> let spell will that ball over here. come on what are you doing over there? i was gonna show you my hook, we don't have any hoops. sigh mop, back to you. >> thank you very much. let's just take a look at some of today's under the radar stocks. brian shactman has the details. brian? >> i pay money to see maria take a shot h nutrisystem adding weight today. the gains added by a steady diet -- i'm sorry, i couldn't avoid the bad puns on weight loss, upgraded standpoint which gave it a buy with a $16 target,

up. some investors waiting on the maker of batteries, a 1. down 12% now, worse than half an hour ago. first blush, traffic numbers at u.s. airways kind of impressives, investors spooked about revenue per passenger, that is growing but stock down 8%. chinese adr struggling over gdp predictions, down 3 1/2%. imagine google under the radar? anybody talking how it is down 5% for the year? that apple shadow looming large. simon, back to you. >> up next, the choicing countdown, after the bell, find out how you can still cash in on china over the short term despite concerns about that nation's lowered gdp target overnight. first, here is how the major averages are trading as we head into the close, the dow still down 13 point, yet to cross back

to that flat lane. but still having cut major losses earlier in the session. this is cnbc, first in business worldwide.

four minutes to trade and we still can't do it, we can't get back to the flat line on the dow. throughout the session, you can see how we have cut our losses but we are just heading down into negativer to. again park the big question here, the question we have asked throughout the first hour of closing bell is where does the rally go from now? we have heard from technicians who suggest actually could be sideways to down. we have heard from more fundamental players in the market to suggest a very similar thing. let's bring in warren meyer, vice president of floor operations at dme securities and a cnbc market analyst. where do you think we go from here? >>the preveiling opinion appears to be we have had such a strong run-up, due for a little bit of pull back. you look at a day like today, we had negative news out of china, bad action the leader of all stock, apple today, yet we have sheep a lot of resilience. the net result is the pull back

everyone is expecting is harder to come by. >> people talkinabwo or three weeks, fact we don't get it, is that giving us new information we didn't otherwise have? >> i think it makes focus a little bit differently, look at things a little bit differently than you have in the past. when you don't get the expected reaction, you have got to ask yourself y the anticipate to me is this is still the best equity market to put your money n every time there is a hint of a pull back, money flows come into this market and may prevent the selloff from happening. >> i don't know if you saw the network earlier today, but it was suggested to get 24, 25% upside from here. people are seriously underestimating the strength of the u.s. economy. >> you have to look at that and how much money is on the sidelines here. there is so much cash on the sidelines, don't get that selloff and pull back everyone is waiting for. the market continues to move up, inch by inch, people are going to finally throw in the towel,

waiting for that correction and move n >> it was suggested that friday's employment report could be a major standout. can you argue around the other way? we are setting ourself up for a full -- >> you can look at that time both ways no doubt about t. >> okay, warren, thank you very much. from dme securities. i'm looking for bob pisani, not sure where he is going to be. hey, hello, bob. >> here he is there. >> coming through the end of trades. final thoughts? >> the important thing is the growth story is not extinguished, china maybe at 7 1/2%, below expectation bus remember, they are talking about promoting internal growth at this point. a good thing for china, they need to do that. not bad name for the materials thing, all which sold off. energy weaker as well. if you look at the dow, what moved it up here was the more defensive names, your travelers and your mercks and your telecom stocks, i don't think the fundamental growth story is off the table right now. >> where are people saying that

next they think they will get traction? >> i think the important thing is if you look, there's still plenty of room for growth in tech, still plenty of room for growth in the material names, if you look at the world capacity, it is still pretty low out there. i mean, nobody is -- the expectations are not particularly high this year and i agree and say the surprise, potential surprise is on the upside at this point. >> based on the u.s. economy? >> yes r. >> i thought great point at this point, that everyone is expecting thins to sell off, now we have had an 8% advance on the s & p 500, because that is a rather large vans. it is on the back of a doubling from three years ago. we have that anniversary, i think, now on thursday. >> that's right. i wouldn't play too much on that particular anniversary. i would look more at the potential for global growth at this point and i think you are going to surprise more on the upside. i think china is going to do a lot, not hear anything about stopping the property market. you are going to hear a lot about expanding the money supply from china. i think you will see a more