>> good morning it is 8:00 a.m. at apple headquaters in california. it's is 11:00 a.m. on wall street and squawk alley is live. ♪

good wednesday morning. kayla is on her way back from london but john fort and myself here at post 9 on a busy day and markets have macro to react to and of course super tuesday. donald trump and hillary clinton are the favorites to win the nomination. john harwood is back at hq with more on what happened. >> you can look at the super tuesday primaries in two ways. did they snuff out hillary clinton's nomination and donald trump's for the republican nod? no they did not but did they push trump and clinton closer to victory? yes they did. bernie sanders won colorado, minnesota, oklahoma and his home base of vermont but hillary clinton won 7 including texas,

virginia, georgia, massachusetts, alabama, arkansas and tennessee. that widened her lead as the democratic contest moves to the midwest. now ted cruz held his own base of texas and one in oklahoma and alaska too. that keeps his nomination hopes alive. marco rubio grabbed his first win in minnesota and moves to fight for his home state of minnesota on march 15th. john kasich finished 2nd and defends his home state of ohio on march 15th. look at donald trump, alabama, arizona, georgia, massachusetts, tennessee, virginia and vermont. trump not only leads in delegates but also in every big state coming up. michigan, ohio, florida and north carolina. it adds up to strong momentum for both front runners and just two weeks left for their opponents to stop it. >> thank you for setting us up there. of course the market's reaction to all of that is going to be increasingly important over the next 13 days or so.

the ubs director of floor operations here. it's good to see you. >> thank you. >> even cramer is saying people are starting to ask for him for advice on how to align a portfolio for either out come. how is the market taking it today? >> the market is still not reacting strongly. they believe that the next two weeks you're going to see an all out push from the republican establishment to see if they can deny donald trump convention with a majority of votes. he'll certainly have a plurality coming in but the stop trump effort will intensify now. >> is it so from the market's perspective? ted cruz is the one that gets pointed at for the government shutdown that so riled the markets a couple of years back. not donald trump. i don't think many people imagine that he's the type that

would want to derail the flow of markets to get his way. >> there is some belief that he will delegate well. he will not be as rash in decisions and get some experts around him. the big question is, trump's stance on china and what could that mean? if he's going to call him a currency manipulator and possibly put up tariffs and things like that, that would move the market dramatically. so they're not factoring any of that in yet as i say. they think you're about to see the key stage here with the last minute attempt to see if they can deny him a majority. >> meanwhile, we do have yesterday to talk about. strongest start to a month in a very long time. what explained all of this. >> you had a couple of things. new money, new month, crude was behaving. and more importantly the ism

data came in in contraction territory. below 50. but the numbers were really good. good enough for the bond market to change the probability of a fed rate hike in december to better than 67% after it was only 17% last week. so the fact that the u.s. economy looked like it might be stirring and might be getting ready to move ahead, that steepened the yield curve. that brought life to the financials, in particular the banks and they let it. a lot of people said yesterday was short covering from an all time standpoint it didn't look like that. the heavily shorted stocks were not the leaders. >> so when you put adp and durables and core cpi and claims and wages together do you think the economy is staging a legitimate attempt at saying some hike is back on the table? >> well, i think it's not as weak as it had appeared but i think you have to remember that

even here while they're saying we're not ready for negative interest rates, they are at least keeping that somewhere up on the table. so negative rates means not only no hike but reversing what they did to get there. they got $2.7 trillion in excess free reserves. the question is how do they want to move that? the first thing is pay interest on it and see where they juan that to go. >> i'm looking at tech stocks that have done well. up better than 10%. etsy, sales force, yelp. work day is up 22.9%. these were the dogs just a few weeks ago. the ones that recently ipod or weren't supposed to grow as quickly as expected. what accounts for that change in sentiment over the past few days? >> there's a rethink of the

disruptors if you would. people looking at the economy and not seeing it. there's rethinking around the unicorns, these nonpublic companies and i think you'll see the market depending on where mflt trump is closer to the election. >> how important was that? violating that resistance? >> it was important because up until now we had either equal highs or lower highs and that put you in relative good shape. oil which got hit with the inventory now fought it's way back to neutrality if not upward stocks beginning to get better.

i would watch the 1978 to 1982 area. and if they get through that and get back to a level that's named after a famous year, 1987 to 1991. >> as we said adp did top expectations. where's the recession the market promised us? >> hasn't happened. >> just remember, just a few weeks ago many were convinced we're on the verge of recession but this better than expected adp payroll number adds to a string of better reports suggesting that in the words of mighty python the expansion is not dead yet. total private rising by 214 versus an estimate of 180,000. services doing the bulk of the hiring there, the service sector and there's the nonfarm payroll

for private and government at 200,000. at ubs they're saying that the estimate of private payrolls put some upside risk for 175,000 rise and what you see is guys in the lower end they're thinking we need to be higher. those are in the middle or higher. they're in good shape but one important piece of data shows that large business hiring was a strong 76,000. that's up from 44,000 in january. there was concern that weak stock prices could lead big companies to stop hiring and that was not the case in the month of february. you can see the small business, 76,000 the same as the large at 76,000. that could still be the case though as announced job cuts did spike in january so the market volatility could have a negative impact on jobs and the economy. the weak manufacturing sector is taking a toll. adp shed 9,000 workers but more than made up for it by 27,000

construction jobs added. the others included construction spending, vehicle sales, consumer spending and better gdp. none of it strong enough to prompt the fed probably to hike in march but the feds fund futures market guys is saying investors are starting to rethink the chance of a hike in june. >> thank you, steve. let's check in on the markets. trading at about the flat line after a rough start to the trading day. the dow, s&p and nasdaq all about at break even. that's battling back to that point. and worth noting that after having been lower is up aboabout about .5%. an monsanto is the biggest lager. and the leader of the dow at this hour, jp morgan. today's sector is energy. going along with that oil. >> yeah, oil has reversed. when we come back, box ceo aaron

levey one of the tech ceos speaking out in support of apple. plus the latest on apple's case against the federal government. what comes next after yesterday's hearing? and satellite television going online. more from at&t and directv when squawk alley continues in a moment. ♪ ♪ he has a sharp wit. a winning smile. and no chance of getting an athletic scholarship. and that is why you invest. the best returns aren't just measured in dollars. td ameritrade.

>> this comes after apple and the fbi testified about the case on capitol hill. josh is live in san francisco with more. josh. >> well, john, this was a technical procedure that am says was meant to preserve it's rights. what is important here is that this objection filed last night will not change the schedule or proceedings before this judge. what is clear however is that neither side is willing to give an inch in this fight. the language got more heated. >> i hear folks talk about keys and back doors. i don't see it this way. there's already a door on that iphone. essentially we're asking apple to take the vicious guard dog away and let us try to pick the lock. >> now comey saying there's more and more cases where the fbi thinks there's significant evidence on mobile devices and if the fbi can't access this

evidence that it will impact the agency's ability to stop criminals. apple did help the fbi in the san bernardino case. apple made it's engineers available to advise law enforcement but apple will not write new software that weakens it's own devices. that he said could risk the security of millions of iphones and set what apple is calling a dangerous precedent. there doesn't seem to be any middle ground in this show down right now. the next date to circle on your calendar, march 22nd. that's when both sides will be in court at riverside, california. carl back to you. >> thank you, josh. meanwhile the secretary of defense ash carter also weighing in on the apple case. aman joins us with that part of the story. >> good morning, carl. the secretary of defense is here in san francisco this week for the rsa cyber security conference. he's doing a bit of a good will

tour here meeting with a lot of the top silicon valley executives and in a speech last night he touched on the apple versus fbi controversy saying he couldn't weigh in because of on going litigation but he did say this. the right way is partnership. it's easy to see the wrong ways to do this. one would be a law hastly written in anger or grief. another would be to have the rules written by russia or china. so trying to find a middle ground. he'll be speaking at the rsa cyber security conference here in san francisco later on this afternoon and at 4:00 p.m. eastern i'll be interviewing him live on cnbc and we'll ask him about the controversy over apple. also about cyber security and the relationship between the u.s. government and silicon valley which is under so much strain as you know guys. one little announcement made earlier this morning they're opening up the pentagon to hackers. opening up a hack the pentagon bounty contest for people that want to try to test the pentagon security. they're going to offer them bounties if they can find any

flaws in the pentagon's security and this is the place to find hackers to do that. >> eamon thank you very much. breaking news on saudi arabia. michelle has that back at hgq. >> a headline that at different times we couldn't do as breaking news. this time around, saudi arabia is trying to do an international bond deal. potentially $10 billion worth. they were just downgraded last month by s&p. two notches from a plus to a minus but once again saudi arabia look to go into the international markets to borrow about $10 billion. are they in trouble because of the decline in the price of oil? it caused a deficit in the country but at this point nobody is worried about them not being able to pay their debts. it highlights the situation for the oil producing countries that you need to borrow money in this environment. back to you. >> a situation to continue watching. thank you michelle. up next, at&t and directv are ditching the dish.

at least in a way. what it means for your cable subscription in just a moment. r" that's me. ♪ you should hire stacy drew. ♪ ♪ she wants to change the world with you. ♪ ♪ she can program jet engines to talk and such. ♪ ♪ her biggest weakness is she cares too much. ♪ thank you. my friend really wants a job at ge. mine too. ♪ i'm a wise elf from a far off shire. ♪ and sanjay patel is who you should hire. ♪ thank you. seriously though, stacy went to a great school and she's really loyal. you should give her a shot. sanjay's a team player and uh...

they're going to offer a streaming version of directv this year. you supply your own broadband. there will be directv now and mobile and preview with varying levels of access. varying levels of ad content and i assume various levels of pricing, though. at&t has not said exactly what they're going to charge. they're not going to tell us that until closer to the launch. but now we have the providers going over the top on themselves which is is making this conversation really interesting about what happens with sony's playstation over the top service. apple has been holding back on going full over the top on streaming kind of a cable-like service.

and they're not going to have problems. >> yes, they're big and comcast is a big company that offers cable and owns this note work and has very much a dog in this fight. but the establishments names in delivering paid tv are look at ways to go over the top that could conceivably close some doors to the technology entrance that want to come in and disrupt. >> he's going to join us in a cnbc exclusive in a moment. dow is down 11. the future belongs to the fast. and to help you accelerate, we've created a new company... one totally focused on what's next for your business. the true partnership

where people,technology and ideas push everyone forward. accelerating innovation. accelerating transformation. accelerating next. hewlett packard enterprise.

>> the u.s. and china spent 7 weeks negotiating the new sanctions which include mandatory sections of cargo leading and entering north korea. two people were killed during a suicide bomb attack. another 19 people were injured. no group has claimed responsibility. macedonia authorities allowing 130 migrants to cross into their

country but thousands remain in the holding area at the border. the policed border is marked by a twin fence and coils of razor wire and a toddler fell out of a moving van in china on sunday but was rescued by the driver in the car behind it. that event was captured by video recording on the vehicle following the van. the boys grandfather driving the vehicle noticed nothing and drove away. and that's your cnbc news update for this hour. now let's get back to squawk alley. >> thanks. guess who won't be baby sitting again any time soon. hillary clinton and donald trump had the best showing on super tuesday but ted cruz's campaign is going to live another day after winning in texas. hampton is live there with more. hampton. >> hey, john. so propelled by a record gop primary turn out. 2.7 million votes casted. texas senator ted cruz did live to fight another day by beating

his rival donald trump by a double digit margin here in the lone star state. at his victory rally last night cruz told his supporters it's time for his rivals to step aside so that he can take the lead in denying trump the gop nomination. and donald trump's path to the nomination remains more likely. and that is would be a disaster for republicans. for conservatives, and for the nation. but even with three wins on super tuesday cruz is still far behind trump in the overall delegate count on the gop side. now from here on out the primaries are basically winner

take all if the challenge for cruz versus trump gets higher as well. >> thank you hampton. apple and the fbi both testifying on capitol hill yesterday after battling for weeks over the fbi's request to help unlock the san bernardino shooter's iphone. our next guest is one of many tech ceos coming out in support of it. >> thanks john. >> how do you imagine that the outcome of this case effect your business and trying to do it securely. >> yeah, so we care very deeply about this issue and certainly the outcome of this issue. we have always stood on the side of strong encryption which is

make sure that you have it in transit and at rest and, in fact, we actually introduced a technology last year and a major update earlier this year that lets customers manage their own encryption keys to avoid this very issue. so we have been investing in technology to ensure that our customers have control of their encryption keys and of their data and we think this is a very complex issue. we think that there's many different stakeholders optimizing for more important causes that we're sympathetic to. it's strong and secure security for there to be a deep level of trust in cloud solutions as well as mobile devices and the internet broadly. so we're optimistic that we're going to land on a conclusion here that can balance both privacy and security. but it's something that we think continues to need way more attention and way more conversation and collaboration between dc and silicon valley.

>> a lot of critics of apple's stance argue that so many of the components of your phone have been discoverable. and changed and why that sudd suddenly. >> and security in the digital age. our regulatory environment and laws really map to an industrial area of security and privacy. so as we become way more of a society. whether it's how we communicate. and we're going to have to decide whether we have complete encryption of stuff that they

have jurisdiction over. and it's a precedent that was set a couple of hundred years ago. this is something that congress should weigh in on. and it's something that really remains undecided and every government has a even playing field. and even more secure platforms that aren't based on u.s. systems then we favor a more secure approach as well. >> in the past i criticized silicon valley ceos for not coming together with a real

message of what you guys want to see happen. congress needs to weigh in but the mess that comes out of congress sometimes, how much do you really want congress to weigh in? unless you deliver a clear plan that perhaps multiple companies and ceos signed off on saying here's our position. here's actually what we think you should do? >> yeah, i mean, there's no question that this year, particularly given this election year and particularly given the kind of characters in the election process and all of the noise around this, this is not a year that is well set up for strong political discourse and so i recognize the fly in passing this over to congress, particularly in an election year. however this is something that ultimately has to be decided through collaboration between our regulators between the government and technology

industry. only because this is going to have vast implications about how software is designed in the future. you even saw this in some of the testimony where the fbi ultimately acknowledged that this would create a precedent. so the second that one phone or one device is opened in this kind of way all of a sudden all the security that we have come to rely on from apple completely goes out the door. so we have to ultimately decide what kind of court order is going to be able to open up a device like this? what kind of legislative process is going to go into deciding what kind of court order can ultimately open this kind of device? that's the process that habsn't played out so far. you'll see a more unified voice from silicon valley. there are briefs coming together and they will be filed and you will see a unified presence around the tech industry, you know, in favor of apple and siding with apple, however calling out that we need to be able to have a conversation between both of these worlds and

it's something that frankly is not just a u.s. scentric issue. this is not a u.s.centric problem. this is something we have to deal with as a reality. the internet is a global platform and medium and you don't want german consumers and customers and they're not going to be able to use technology that the u.s. has some kind of superior advantage over and that's the world that the fbi's case would have been moving toward and that's something that we don't think is going to be conducive to a healthy robust internet or technology industry in the future. >> very hard to do that ad hoc. we're getting news from the pentagon. ash carter establishing this defense innovation advisory board which will be chaired by eric schmidt along with

individuals from public and private. we have this fight between apple and fbi and seemingly broad cooperation on other fronts. which wins? >> well, i think over the long run broad collaboration does win and you have already seen this. this is why, you know, it's important to zoom back and look at the overall fight against these issues between both the technology industry and d.c. you have seen recently that twitter has been shutting down a tremendous number of twitter accounts that proponents are spreading propaganda from isis. that's a collaboration between twitter and the government. so there's no question that we can have great collaboration between industry and the government. this is a unique circumstance because it's the government asking a technology company to fundamentally break and weaken it's security model that it's customers and it's consumers and it's enterprise customers as well as governments have come to rely on. there's no question that the industry does collaborate with government, a very significant

amount of the time to ensure that we have the best interests of society and the economy taken into account in terms of how we build technology. this is a unique circumstance where there's a difference of opinion about how we should actually go about doing that. ash carter at the department of defense is one trying to bring collaboration between the defense department and the technology industry. i think you're seeing way more of that and, in fact, it's important to note that the former heads of both of the nsa as well as the department of homeland security came out last year on the side of complete encryption. so they came out last year stating that they would side with the model that fundamentally ensures that all of our devices are secure and there's no back door to that information. so even government officials or ex-government officials have come out in favor of the encryption policies that apple is a proponent of. >> a lot has happened since

then. thank you so much for joining us. >> thank you. >> europe closed about six minutes ago. simon is here with a wrap up. >> you wouldn't see it but something very important is happening within the european markets today. tonight, the european central bank will cease all communication from individual members in advance of the big meeting thursday, march 10th which we have spoken about. today you had a speech in frank further from a member of the executive board which on the one hand he has come through to defend negative interest rates from the banks. he says it raises your volumes and lowers your risk provisions but then said this, we aware that concern has built up and lowered interest rates into negative territory. the impact on banks is becoming increasingly adverse. from that he means cutting the net interest margin. let me underlie that we're well aware of this issue and monitoring it and studying carefully schemes to mitigate possible adverse consequences.

so if you're assumption was that the european central bank would cut further and further into negative territory and the banks would be hurt as they have been done so far this year on precisely that argument he is potentially undermining it or saying that the ecb is aware of what it's doing and may attempt to help in other ways. the result is a very strong rally on european banks and you see it in this country as well. partly because the economy is better here and the fed might be raising rates. commerce bank, standard chartered up five. let's look at italy for example and if an italian bank ceo is here he would be saying to you we don't have a problem ultimately matly with solvency. we have a problem with liquidity and if the central banks can ease off on what it's doing to net interest margins it could help them as well. and then you see the spanish bank making gains. right the way through europe

this move on the banks is really a stand out and there you see some of the gains that we had there. in the meantime of course on the basis that they'll push rates more negative so that they can buy more bonds around europe which have negative interest rates. you've seen this bubble in the sovereign debt market. now just at the tip of that it's selling off and therefore you see the yields rising. you see the yields moving on the ten year in germany, france, italy, even the u. k. are also moving just off the highs but for once the yields are actually rising in europe. guys, back to you. >> a welcome changed. thank you very much. when we return, trump may have won super tuesday but chris christie made the biggest splash on social media. the moment everyone is talking about today. but first, rick santelli, what are you watching? >> i was watching him stand there too. that was a good moment. i'm looking forward to that. there are significant dangers to grading on a curve.

we'll talk about that and my big number today. 2073. what is it? come back after the break.

coming up on the halftime show from the new york stock exchange. breaking news. you'll hear from exxon mobil ceo. he is in the building. where oil prices could go from here. plus are the best mutual fund managers really buying the best stocks in the market? we're going to debate a list of names they have been snapping up

and tesla is in the spotlight today. after andrew left is short the stock. we'll see you in 15 over at post 9. >> we'll keep a seat warm for you. now to rick santelli with the santelli exchange. >> thanks. my big number. 2073. any idea what it is? i'll tell you. it's a cumulative rate of inflation. 2,073% which leaves me to the title of this piece. the traps are trappings of grading on a curve. see when you benchmark your currency against another currency, you're really limiting the information that you get. especially at a time where everybody is tinkering with their interest rates and currencies. so the best way to really look at a currency is a bit in isolation. whether it's mind mode here, adjusting it for inflation and

starting back in time or looking at how much each currency actually buys like the index. but grading on a curve's problems aren't only relegated to things like foreign exchange. okay? i'll tell you a quick story. when i first graduated and i didn't have a lot of money i had to decide what first car i was going to get and my decision was after talking to a lot of car people, buy an older cheaper luxury car verse ace newer car. and i said why? because those old cars run forever. okay? which is the same problem we have grading on a curve when you hear that the u.s. is doing better than everybody else. so what? i don't, you know what the first autonomous vehicle was? at a time we're all looking at google cars? do you know what the first autonomous vehicle was or is? the u.s. economy. it's really pretty driverless. okay? it's not doing badly and if you grade on a curve it's doing

better than most but it isn't doing better due to proactive activity. it's the same as the old cadillac i bought. it will run forever. you don't need to change the oil or tune it up or change the air filter and it's still going to run longer than a lot of other cars on the road. that's the problem. whether it's the president taking credit. whether it's politicians promising, promising, promising, there are good things in our economy. it's because it's so big and diverse, it's a steam engine. it takes forever to slow down. but it is slowing. and growth is capped. okay? so doing better while doing nothing is a poor excuse to brag about. maybe that's why trump is doing so well. how much talk have you heard? they say he doesn't have a plan. i've heard a thousand plans. i just haven't seen them implemented. carl, back to you. >> well cedric. rick santelli. on that note, donald trump and

hillary clinton were big winners. but chris christie dominated social media. jane wells is live with that story. >> my favorite. the #free chris christie started friending last night as the new jersey governor stood behind donald trump and became perhaps the best meme of this political season. a sampling for example, a series of photos first showing christie with president obama and then undergoing torture to become a trump supporter. chris christie ready to use the safe word i think. now he can't get off the stage. matt duss from the foundation of middle east peace saying christie enthusiasm level hostage video and chris christie looking like vader before he decides to kill the emperor. what have i done? this must end. and then the vine videos. when you're trying to signal the extraction team but nothing is happening. and my personal favorite. at comfortably smug used the best song from the who.

♪ no one knows what it's like to be the bad man, to be the sad man, behind blue eyes ♪ >> no one knows what it's like to be hated. okay and from a washington post op-ed today chris christie's wordless screaming. apparently at home his poll numbers have gone down since endorsing trump and six new jersey newspapers are now calling for the governor's resignation. carl. >> i will take it, jane. nobody does it like you. you have a beautiful singing voice, jane wells. >> thank you, john. >> you do. >> ♪ but my dream >> the first one was beautiful. thank you jane wells. up next, apple made privacy the center of its fight against the government but there's a

loophole in the company's stance. he joins us to explain in just a moment.

>> apple maybe fighting privacy but there's a loophole to the tech giant's privacy policy. here to explain it is the editor at large at recode and executive editor at the verge. good morning to you. >> good morning, carl. >> you make the point and we all think our phones are protected but it's different when you're in the cloud. >> yeah. i mean, here's the thing.

in this whole dispute with the fbi, one of the things apple did was to immediately give the fbi the icloud back up on that phone which stopped about six weeks before this horrific terrorist shooting but still had obviously some information on it and they said publicly they wished that the fbi had been able to make a new icloud back up so there is information. not everything but most of what is on your phone is in your icloud back up and if you signed up for that or didn't turn it off and that's how you back up your phone you have a security vulnerability. it's not just law enforcement but anything can be hacked and so your vulnerable.

>> one of the things that this brought up for me, he was pointing out that they started giving the customer the encryption keys so they have the choice whether to let authorities, i guess, into the cloud. the other is there appears to be some wiggle room. at least some space for compromise here between apple and the government as they forge a path forward. apple willing to give over what it has in the cloud. you talk about backing up locally instead of in the cloud. whatever you back up on to the feds can get into. it's not as if apple is saying no way you can have access to anything without the customers express permission. there is some room for compromise, right? >> yes and no. apple says, this is, in fact, apple's position and there have been numerous instances where they have looked at a subpoena or court order.

they say they have their lawyers examine it to make sure that it's very narrowly drafted and, in fact, they only have gone along with about 27% of them. because remember, lots of courts in this country, lots of level of judges and prosecutors and some of them may not be really properly done. however, the fbi director in that congressional hearing yesterday said the back up isn't good enough. and what he may have been thinking of is there's some things apple excludes from the back up because they assume you can go and restore yourself. like for instance if you subscribe your g-mail or yahoo! mail or anything where the messages are on the server, when you get a new phone or you restore it, you can download those messages. so they don't bother backing those up. there's also some things that

are so private that they can't decrypt it. you have to decrypt it and that includes your wifi passwords and it may be that the fbi wanted those. so the fbi's position is hey this back up isn't exactly the same as if we could get into the phone. it's nod good enough. >> i wonder as this debate has begun and will go on for awhile, if you think it's going to change behavior, behavior for consumers and for start ups trying to create a business that deals in data. >> well, you know, the cloud thing i don't think has gotten as much attention. this is why i wrote the column, as it should. there's two behavior changes. one is apple has got a phone that's so strong in protecting my data that even the government

can't get into it and so maybe that's will help them in terms of people who want that kind of security buying -- deciding what phone to buy. on the other hand, apple and by the way google and drop box and all of these other people, most of them at least, do respond because they have to. to subpoenas and court orders for data in the cloud because they haven't put it beyond their reach. the way that apple says it has done with the phone itself. in my column i have a statement from google saying if we have an android phone that's encrypted with why the fb iphone is no we can't give anything to the fbi because we can't get into it but google drive, g-mail, google docs, google calendar, we have the keys to those and we can respond. so maybe consumers will be more

careful about the cloud. >> it's a great read. everybody should take a look at it. chinese drone maker unveiling it's latest model complete with collision detection. we will finally get an inside look at that when we return.

dji unveiling the new fantom 4 drone in new york. it has optical sensors that scan for obstacles and move or stop the drone to prevent crashes. wall street journal saying it out smarts bad pilots adding that it's a big step forward for keeping us out of trouble. it will be sold in apple stores for the month of march. that's a nice feature. >> it is. >> no longer any excuse for hitting family members with drone. >> it's what we are primarily interested in here. >> there's regulatory issues but gopro coming out with it's drone this year and now has a high bar if they're going to compete with others. >> we'll see if that will be common when you look up in the

sky the next couple of years. you mentioned some tech companies managing to hold on to gains after the big gain yesterday. >> gopro up better than 7%. that stock is up by i believe more than 20% over the past several days. >> oil holding in despite the inventory numbers. let's get over to the half. all right guys thanks so much. welcome to the halftime report from here at the new york stock exchange today where exxon ceo is meeting the media this hour. we'll bring his comments to you on oil prices and where the market is heading from here and that's our top trade this hour. crude was at the highs of the day. a little bit off now but a significant story pushing toward $35 barrel joining us is josh brown. and john is