the markets on edge. >> we are playing on the edge of the cliff. >> will it stay that way? >> i think if you have the worst case situation which is a failed auction or essentially the germans walking away from the table can which is likely my view. you can see the markets 25% from here and in lehman, that could be the catalyst for a great rally. >> maybe we are too obsessed with europe though it can be hard to ignore. >> she >> she looks great. love the hat. love the whel thing. we should be covering this. the queen hanging out. >> trading knight hood and

wearing the funny hats. fresh from the trading floor, this is fast money. . >> live from the nasdaq market site, this is fast money. let's start trading. the s&p hitting a ceiling at the 200 day moving average. are we set to continue bumping up especially as we have a lot of events. thursday ben bury nanky speaks. >> nothing speaks to the unknowns out there right now. people throw in a lot of these system orders and put into the algo rhythms and preprogram it with the technical levels. what i heard over the last couple of days, guys are not trading. nobody wants to trade like this. too much unknown. the portfolio managers are waiting until we break out of the range. they might be waiting for sometime. they are going into the summer

and there a bunch of new dates involving greece, the whole euro land and you guys can speak. >> give me the bottom end of the range. >> 1257 is the flat on year level. we have the recent low and you have to look at 1257. if we hit 1257 and this year is a redo, a lot say they will be here to catch the market. >> you are one who did not make a single trade. >> the thing is if this market is a bimodal or binary market. we get bernanke and if he has any whiff of qe, the market goes down 2%. it's not very irrational and a lot of way to put capital work. if you have a time horizon, perhaps my time horizon tenlds to be short. >> i would know how to trade the market. solely on her shoulders.

if she can sit here on this desk, i will be glad to bow off. that's what the world is waiting for. you are shaking your head. i will keep talking. >> keep talking. i completely disagree. at the end of the day, you had a nice glimpse of what potentially may come from the market place. this is a buyer's strike and not a global liquidation and as they step back, however the u.s. services number was better than expected. the market responded to that. financials recovered today. i think the jpmorgan short trade is over. financials are one of the sectors that lead us back higher. when you look at europe, this is going to be a continued muddling process whether we get resolution in the next 30 days or not, greece may leave now or letter. more likely. at the end when it comes back to the u.s. economic data, that's

what matters most to keep the capital inflows warranted coming here. >> call it traders playing words with friends instead of trading. he has been trading throughout this market and what did you do? >> we bought lennar which was a name we have been here in the past. we discussed this at halftime and bought the stock. also we discussed it here. fast is a name we have been short and we covered it here today. it was down about 10% on the day. this market is prone to move with any announcement and we don't know if that is to the upside or downside. you can make money like the home builders. the key here is buy the dips and sell the rifts. it's a trader's market. >> you feeling pressure to deploy or make trades?

how long can one be on the strike. >> there is a pressure to put money to work and the pricing is attractive and you have the giant uncertainty and looming. i think that we will have to get used to that uncertainty and joe was saying we are not going to have great clarity and have a little more clarity, but it won't be the endoof the uncertainty in europe. for us the bigger question is how badly does the uncertainty and the recession in europe, call it whatever with the recession how badly that affects our companies. if not that badly, these will be great places to buy stocks. >> let's move on. one stock that didn't participate in the broader market gains, apple. will they reveal something on the worldwide conference that could give the stock a boost. let's find out from the one and only boy genius and he joins us now with the take on apple's

mobile operating system. great to see you. you have a list of different features you think the mobile os will have? what's top on the list? >> it's more of an apple refining and making it more like an actual os and not a mobile os. a lot of stocks are changing the colors of the theme. there was a public spat and switching to mapping their own solution. the heavy plan 3d and ease of use and possibly location-based services and profiles. they are updating it and upgrading at the same time. >> more evolutionary and do you think this could be a catalyst for buyers of products to come in and will this be a motivation to buy new products or note make a difference? people are going to buy tablets and iphone no matter what. >> it's interesting and more about them getting these checklists of hanging fruit and knocking things off the list and definitely going par to par and making sure they are complete.

>> as traders we care whether or not there will be revenue to apple and from the user's perspective, is there anything you would say someone will spend an extra dollar without buying anything else. >> the preview will come out in the fall most likely with the iphone as well. there is a component and this is the software conference and mountain lion that will announce. there is definitely a component and i'm not sure if they buy iphone because you can operate on the current devices, but hand in hundred with the new hardware coming. absolutely. >> what are is the i cloud key chain? >> this is something i thought they would be interested in doing. taking your key chain which is all of your secure passwords and having it work on the device and you never have to sign in. it keeps sinking all of your secured permission. >> sounds like a security

nightmare. if someone steals the key chain. >> it's a system mac uses that is very secure. that's something they can use to carry over the cloud initiative. >> let me ask you this. as a google holder and apple share, what do you think of this potentially? >> i think the maps is big. google is definitely nervous about it. achle apple is definitely assaulting them am going to do a google web search, apple is positioning themselves to take that away from google. there is no sense there. >> they will do the same thing. >> they are lady to the party and may not have the latest thing you see onnan droid. it has been declining in april. i think the lowest thing with the momentum in apple's favor.

apple has the capability of doing it a lot better than google at this point. >> thanks for stopping by. jonathan gellar of bgr.com. as a lot of estimates have come down in anticipation, the launch sometime in the fall. can we see momentum in the stock going into the summer months? >> every time they come up with a new launch, you hear the same thing that they can talize this. probably this time if there was anything that's different is the subsidies from at&t and verizon. they went in to look at an iphone 4. they wanted to charge me a lot and now i will wait for the iphone 5. >> to fork us on mobile and the upcoming conference is the wrong place to look. they will be countering the windows 8 roll out and the thin notebooks you will be getting from intel. they focus on the refresh and the mountain lions coming out.

new mac book pros and you hope they get the response and i think you will get the response you got last june. 310 and 50 cents was the chain. june 20th rather, that marked the low in essence for the year. any pug back and anything i hear that i like on the mac side, i will buy it as well. >> jcpenney caused a lot of pain including fast money friend from tt partners. so far as we know, ron johnson has not brought any of that apple halo to jcpenney. the shares dropped as johnson attempted to clarify the company's strategy at the piper jaffray consumer conference. take a listen. >> we run 12 monthly sales like we said. we are moving away from the month long value because no one understood that. to call what we intend to do with the sale and run 12 a year. that's a messaging change within

the vision for how we want to compete. >> what? so we were having a discussion in the green room prior to the show and trying to go through the pricing strategy as far as whether we understood. that's based on the receptions here. >> we thought this was an everyday low price. now there is a three-tier plan, but a monthly line plan that will go to 12 monthly sales, but they were supposed to be no sales. >> 12 monthly and every first and 30 friday there was a mark down and they say marked down until they sell and then everyday low prices. >> mike murphy, you are taking advantage of this confusion? >> absolutely. we have been short for a long time since around $40 a share.

we have ridden the stock down and still short the name, but we are playing it differently. we see a lot of upside in another retailer and a direct competitor of jcpenney which is macy's. a trade that has been working, but the news out of jc penny is worse than anticipated and the stock goes lower from here and we pressed our shorts and it can crack 20 from the levels. >> aside from the stunning clarity, jcpenney said they would be hope opening more big stores with the likes of a macy's. do you think that is anything to be trned about? >> they have an overlap on the products and mike is spot on to be long. macy's is gaining market share. in addition you have to look at t.j. maxx that is performing well. they are obviously gaining

market chair at jcpenney's demise. >> they are priced like this plan is going to work. so far, they got rid of the plan by a lot. not even close. you have to have a lot of faith that this plan will work even though the first leg is clearly not working. no doubt about it. i don't get it. >> apparently a lot of people don't. warren buffett betting on the newspaper business, taking a small stake in a small media company. i shouldn't say small. she taking a stake on the small media company. another newspaper company, media general. mare he? >> hey there, melissa. this is one of the secret investments. that was rejected because of filing disclosed the firm as melissa pointed out took a small

3%er in lee enterprises. it's the latest investment they made in the europe business earlier taking up 17% stake in media general, a publisher and buying his hometown's world herald. they own the buffalo news and long held the stake in the "washington post." buffett said the newspaper business doesn't have a bright future and calls it terrible, but he sees value in smaller papers with news and advertising for those who can't get it elsewhere. he thinks they need to start change figure they have thats part of the staple. . >> also interesting to hear people investing in a business that is terrible on a fundamental basis. >> these newspapers have a monopoly on the product. the only place you can get the

hometown news. if they cover a story about the war, anybody can get it anywhere. >> my favorite is the mood ring. i'm not sure how you get that. >> if you think it's an archaic way of investing, i think it's a touch of no staj -- nostalgia. it's more of that versus a business. >> like buying lemonade from the kid on the corner. you will buy the lemonade. >> the paper part is no talgic. that's what he is buying. you are buying the information you can't get anywhere else. >> on the hunt for the bargain buys and the analyst will reveal his pick for finding value in the space right now. first to come, our trade of the day and what name joe terra nova is choosing todayment behind that curtain. much more fast straight ahead.

tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 the spx is on my radar. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus. tdd# 1-800-345-2550 i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones to help me find tdd# 1-800-345-2550 possible trading opportunities quickly. tdd# 1-800-345-2550 i can also bounce my ideas off their trading specialists - tdd# 1-800-345-2550 on the phone or face-to-face. tdd# 1-800-345-2550 and i can trade wherever i want, whenever i want. tdd# 1-800-345-2550 tdd# 1-800-345-2550 the kicker?

tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 hey... a breakout on a head and shoulders bottom! tdd# 1-800-345-2550 that's what i'm talking about. tdd# 1-800-345-2550 open an account and trade up tdd# 1-800-345-2550 to 6 months commission-free. tdd# 1-800-345-2550 call 1-800-433-9762 tdd# 1-800-345-2550 and start trading today.

har har har the nasdaq plans to begin the process of compensating. losses associated with the technical glitches could be above $100 million. they put, side $13 million, but it will be much more. we are shorting the name. >> the way this went down, it looked bad and we got short after the facebook deal went through. i don't know if this is the end or there will be more, but the deal couldn't have been run worse in my opinion. there is a lot more downside for the company if there is more to it and if the deal was habitualed in a way that

regulators come in. you can see this snowballing. we are short and will stay there for a while. >> it was interesting to hear them talk to maria last week and finger pointed that the nasdaq had not been for the glitch, perhaps there would be better sentiment and the stock hitting in the another fresh low. day after day, the stock only with two dis where the stock didn't hit a fresh closing low. >> that day you look and say how will they quantify the losses? you didn't get the report and know what they did until hours later. no way for them to quantify what the exposure was. i agree with mike, but we will have to watch it play out a little bit. >> joe on facebook? >> the short trade is not over yet. watch our show from the night before and you know what i think about-face book. >> yeah.

>> i have to agree. it didn't trade well because it was overpriced. not because it opened at 11:35. it was a horrible opening and a horrible day trading, but the over valuation still exists. >> industrials are one of the most battered expectors down 8%. where are the bargain buys? joining us is one of the top analysts out there from vertical research partners. new york time his an color about companies exposed to europe and industrials was named as one of the sectors, perhaps a taboo sector with a 16% exposure to europe. how do you rationalize income these industrials that are so leveraged to not just europe, but global growth overall? >> it is a question of global and where the exposures are and what we try to do in a time like

this. there was a huge macro overlay on everything. we lock for product cycles or event-driven stories. that increases the odd that is a stock can work for you here. one that we mentioned is dover. 16% of sales in europe puts them on the low end of the european next for the multinationals. >> brian kelly. it electrics like you like the electric grid builders. so spx and we had the ceo on a couple weeks ago and he said he couldn't keep up with demand. is that one you like or is there a reason why don't have it? >> there clear secular drivers in the grid and surprisingly there is positive regulatory changes in that space. there is a lot of negative

regulatory negatives in the u.s. right now, but there is positive changes that is driving spending and bottlenecking work going on and upgrades and interconnection to the wind projects. we see a strong outlook for the utility grids for the next two or three years. >> if i read your notes correctly, you have a through is a mix of refrigeration and construction equipment? >> our machinery analyst covers that and he is bearish on the crane cycle. i like dover on that. dover has a clear product cycle going on in case refrigeration and a weakened competitor that was sold out of i thinker sol rand and those. >> jeff by the way likes tyco's defensive play and the keeper deal.

in terms of buyers being on strike and even this area and do they not want to make the investment here? >> this is probably one of the biggest areas where they don't want to mark the investments. if you think growth is slowing, if we see a positive headline oust europe, it will be a short-term bounce and you can buy this sector of the economy and own this sector and sell it right off the bounce. i think we are going to do it round trip. >> i think the industrials are a place you don't want to be and they told you in q1, the slow down was problematic and that will continue. >> coming up, how close is america to falling off a fiscal cliff? we are breaking down the politics that matter most, after the break. if you wanted to trade like the pros, a new ap might be just what you are looking for. the ceo and the company behind a new tool for the stock strategies. that's next. this country was built by working people.

the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪

in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪

[ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the all-new f sport. this is the pursuit of perfection.

the so-called fiscal cliff is a hot topic behind the presidential election. could it serve as a catalyst for a grand fiscal deal? the head of policy research, good to see you. how could this possibly lead to a grand fisk american league deal when we have a if theial election and a republican congress essentially and we are heading into the elections here? >> that's right. i don't think we will get anything done before the election unless the economy deteriorates and the jobs report had a big hit on washington, d.c. you see continuation then maybe. we are looking at 2013. if we take everything in the fiscal cliff that is expiring or coming into effect, it's about 3 1/2% of gdp. that would be the largest package we have done in the history of this country. it's making us not fall back or have a negative drag.

it's becoming unsustainable every year. most people in washington realize that sometime in 2013, we will have to reform the tax code and deal with reform. the election will determine the specifics, but the policy makers will be forced to do something in 2013. >> how is this helpful to your client fist there is uncertainty throughout 2012 and we won't have certainty or imagine what it could be until after the elections. the fact is that companies are not going to spend. they are going to hold back for the rest of the year. >> that's a consequence of this. it's not going to be decided. if we wanted to make the choices, you would have to take on medicare and social security. nobody will anger the base. we are not going to have that discussion until after the election. the risk is that we have the big drag in the second half of 2012 as you chill investment.

there could be positives here. you can get a number of companies that will pay special dividends in the second half of 2012 due to where the tax rate would be in 2013. right now it is scheduled to triple. >> steve grasso. how are you? don't you think they will have -- in your terms they do a shorter term fix or you think -- they will do a short-term fix and lay it out and it is a season so obviously the republicans don't have a vested interest in doing anything. they don't want to wear it. do you sense they will push it up against the limit again? >> we will go up to the first or second week in december. once the election happens, we will have our leadership elections and they will put together a package that will involve raising the debt ceiling. >> they will wait until after the election. >> we will not do anything before the election until we

have a catastrophe just like we did with tarp. part assumption for a grand fiscal bargain in 2013 or after, what does that look like and does that mean a go for the stock market for investors or resumption of spend something what does it look like? >> this is not going to be an easy process. think about it. we go into the post election period and take what we do on the tax cuts can and kick it out to 2013 and sign a hard trigger that forces policy makers to do the reform. we are talking about changing tax deductions that are in the code like the mortgage and the contributions and talking about reforming a litt ining entitlem. it will be uncertain for 12 months from here, and when you

knockout the debt problem that we have, investors can be driven by the macro policy trade and that uncertainty will continue for sometime. >> good to speak with you. don't mean to be a debbie downer b you it sounds like a terrible hopeless situation. >> back to you. >> the market consequence is what you have to focus on and understand the experience here is that there financial assets at play here and talking about investment income. you can't wait until 2013 to make the decisions. those because we are changing investment income, they have to be made prior to 2013. >> they will be made, but i doubt that-eye respect dan's opinion, but there has to be a shorter terchl fix and it has to be done before the election. i don't think they want to be wearing this and the fingers will be pointing at them and

it's too risky in the election year. >> mike, you have an "options action" trade on a fiscal cliff name being lockheed martin. >> it's a defense dock. 82% of revenues come from the government and it's not a fiscal cliff and the threat of sequestration that is one of the potential downsides that are unwinding from the war activities and that is historically hit the revenues of defense names hard. we would favor selling the stock or if you are encouraged to use the options, given the volatility and purchase the september and 75 puts, pay 2.35 for those and that's a way to make a bearish bet on the stock. this looks cheach, but there is a good reason. a 5% dividend yield. the market's way of telling you that the stock is likely to have declines and the people are chaseing it bah because of that

yield. >> a put spread versus out right put s. there a better way? >> this is not a high implied volatility name and not paying a great deal spending $2.30 versus a stork that is over 80. the key here is that there is going to be volatility in the market and you have a good opportunity to leg into that spread. if you start to see declines and you see implied volatility get higher, that will be the chance to sell a further out of the money and downside put to help finance the trade. >> you catch more "options action"s and follow the show on twitter to get concentrated updates. >> plenty of head winds for europe and at least one money manager who is funding buys across the pond and it is outperforming s&p 500. what names you might want to consider giving a look. more fast straight ahead.

welcome back to fast money in new york city's times square. the spoke investment group compiled a list with dividends

of 4% or more. traders are always seeking return and things that yield better than bonds and they picked their favorites. kick it off for us. >> we are looking at the names and think that dividends in the short-term will help with performance in the portfolio. uns energy is a name that is out of arizona. they are raising their dividend. buying here is something where you get a near term dividend and the upside as these guys raise prices in arizona. you have an upside as well. you think you can partake in two ways. >> your pick is williams company? >> the diversified fee based sitting above the 200 day moving average. it's srnd 2716. when you look at dividend growth, you have to look at the

growth rate above 20%. williams is crushing it. they are entrenched and clearly going to be the winners. >> i think the idea in this market and buying based on the dividend yield is very much the tail bagging the dog. you can see those moves in a day. >> right. >> i like gl and g primarily because i like the prospects around the world and that will pick up. you do have to consider volatility. if you want a quick and dirty way to do it, you dwight by the implied volatility and whatever that number comes out the higher, the better the stock is because for every unit you are getting more units of return. >> you want a stock that doesn't move too much. often times the yield is a product of how low the stock

price can be. >> exactly. if you look at skmrks r block which is 5%. that comes out to .23. >> you can be paying 5 per percent yield and the stock will move down 10%. >> exactly. my pick is -- i bought this probably 20% lower than right now. i do get the over 5% yield on the name. that's the name i like and scg looks interesting as well. >> let's move o. it is time for the fast money portfolio where long-term investing meets volatility. the next guest got a portfolio stocked with the european stocks and his fund is outperforming the s&p 500. partner of gardener russo and gardener who oversees the hedge fund. >> i think i same into the wrong

studio. i think i have come the wrong way, but let's talk. buyer buyer the slow money can make you money in the returns. they are global grand companies. how does europe and the thread of a weakening europe factor in? >> it provides a terrific opportunity for us to invest at a give away price. europe is on sale in a couple of ways. the brands that identify with europe nestle products, those brands are coveted in the emerging and developing markets. our businesses are charged with the responsibility of investing against those brands to have them available. the right outlets for the economies as they develop in advance.

those profits for the development come back to europe overtime in stronger currencies. at the moment it's basically europe is on sale and the aspects that we look for within the companies are the assets growing in the parts of the world that should grow for a long time. >> when you are in europe obviously everybody is worried about the euro disappearing. you have grown nestle stock in. how goudo you think about that? >> the profit stream from the businesses we own in europe will be more heavily skewed to the parts that are growing. with the growth in those parts of the world, i think the currencies will strengthen. we are an american-based firm and we have to settle up in dollars. the profits coming from china or india or vietnam or africa go back to europe, buy more euros and translate back to stronger

dollars. it is the great unknown. at the same time it's not clear that the u.s. dollar will remain permanently strong. you are talking about the issues that will face as we go about the debit and whether or not we will honor our obligation as a country. that will surface in the next six months. >> worry mastercard, what do you think about mastercard? has significant exposure around the world, how do you think about a name like that and what do you look for? >> again, it's much like the european products. mastercard stumbled when we bought the shares because of domestic issues. the real growth in mastercard is that commerce that is happening away from the u.s. 80% of commerce offshore settles in currency and cash and that

substitute from cash to payment will benefit mastercard and visa. we have a bigger investment because we are so oft mystic about the management's willingness to build off the income generation. we believe that the management has our type and it's very slow money. we need the management to invest with a long-term mindedness for the investments to work out. thomas russo of the sempra vick. >> there is a lot more growth upside here in the united states than in europe for the emerging markets that were leading us up back in 2007, 2008. i would rather stay u.s.-focused and there is a lot of area that is undervalued because of the lowdown in europe and the emerging markets. i would focus more on the u.s.

>> so you don't like them? spoken like a true contrarian. there is a social network just for stocks y. this website is generating a lot of buzz and how it can help you make your next winning trade. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ 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% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who are, or may become pregnant or are breast feeding should not use androgel. serious side effects include worsening of an enlarged prostate, possible increased risk of prostate cancer, lower sperm count, swelling of ankles, feet, or body, enlarged or painful breasts, problems breathing during sleep, and blood clots in the legs.

tell your doctor about your medical conditions and medications, especially insulin, corticosteroids, or medicines to decrease blood clotting. talk to your doctor today about androgel 1.62% so you can use less gel. log on now to androgeloffer.com and you could pay as little as ten dollars a month for androgel 1.62%. what are you waiting for? this is big news. mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything. so every piece of equipment knows where it is, how it's doing or where it goes next. ♪ this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪

>> coming up this hour, "mad money." fresh off the heels of the conference and the check of the charts to see if we may have found a floor and a facebook status update. comprehe coming up at the top of the hour. frank asked steve g. how about here. cheers! >> once it broke 50, it became uninvestable for a trade. it is trying to find its own ground. it trades with china and you have to think about it as singapore and even spain as the growth company. you still need china has the crucial variable in the mix.

i would wait until the holes 45 for a couple of days. >> du pont versus dow. what do you say? >> it depends on what you are trying to capture? if i had to choose, i would go dow because of the sciences business. they both have an advantage that they are manufacturing in the u.s. and have low natural gas prices and be able to compete on that. if i had to go with one, it would be dow. >> ever think it would be nice to have a professional trader manage your account? now there is an ap for that. a company called ditto holdings unveiled an ap that lets you trade using a social platform. joe fox from ditto trades. thanks for stopping by. how does this thing work? >> it's important to understand it was born as a first of its

kind social growth firm. so what we do is resist the relationships and the traders and things of that nadure, the money managers and the existing relationships that they will have with a friend or family member or maybe a professional trader where we let them participate in the trade. always this transparency and control. if you are a doctor or a teacher and not fully engaged in the market, should you probably stay out. the way it works is that you are expected to your uncle in the market and they make a trade and you make it at the same time. you want to take control. not taking advantage. you can get an alert.

i made a trade with my uncle. that's one of the ways it can benefit customers. >> are people benefits on the platform you own? >> it's a dealer or licensed in all 50 states. the trades are done with us, but if a traitor has a following, they can use us whether it's an existing following paying them out of a website or five friends and family members. they are servicing the customer. >> the uncle has to be on the platform as well. >> absolutely. >> how is it that you fill at the same price as they would? wouldn't there be delay? >> a lady brought that up. mirror or copycat trading and you get an alert. this is so different. you are participating if he mee and my cousin were making a

brigger trade and they say who is connected to this guy? three trades. phil comes back and all at the same price. the control of my uncle until i hit detach. >> in essence, the person who is the lead trader makes the decision and collectively everyone that s tached to him rolls up the amount of necessary shares they want to buy and he puts in one order. collectively those that are following him with the firepower behind him, why is the firepower behind him? >> e trader trades without knowing who is invested at that time even though they have to approve the connection. they don't know if three people are trading or not trading. he makes the trade. everything is prebedroomed. as soon as he puts it through,

we determine who is connected. he comes back and you will see the 50 or the 200 shares. the cool thing is on stocks, you will get a partial fill and they will fill as the stock drops. in the sds, you can detach. even more than that, what is cool is that with the mobile ap that lets you do the same thing on the computer, you can get an alert. i want to know about making the trade and i can hit the trade and modify or ignore. if i hit the trade, what are my predetermined slippage factors. i never want to trade more than a nickel. all that is done on here. >> we have to leave is here, but keep us updated on this whole thing. we have been eagerly awaiting what is behind this curtain and you won't have to wait much

longer. it's moments away and the trade that i'm loving. stay tuned. kward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd# 1-800-345-2550 let's talk about the personal attention

tdd# 1-800-345-2550 you and your money deserve. tdd# 1-800-345-2550 at charles schwab, that means taking a close look at you tdd# 1-800-345-2550 as well as your portfolio. tdd# 1-800-345-2550 we ask the right questions, tdd# 1-800-345-2550 then we actually listen to the answers tdd# 1-800-345-2550 before giving you practical ideas you can act on. tdd# 1-800-345-2550 so talk to chuck online, on the phone, tdd# 1-800-345-2550 or come in and pull up a chair.

>> joe's trade of the day. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ what ? customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7,

you need an ally. hello ? ally bank. no nonsense. just people sense.

what is the trade of the day? >> mcdonald's. if you want to play the euro itself, mcdonald's is your