t te changes and airlines hedge fuel costs. all so they can manage their risks and move forward. it's simply a matter of following the signs. they all lead here. cme group - how the world advances. good morning it is 8:00 a.m. at snap headquarters in venice, california and 11:00 a.m. here on wall street "squawk alley" is live ♪

♪ good morning welcome to "squawk alley." i am john ford with holly evans. >> after a series of wild swings in the market, major indexes are higher but not across the board. dow up 240 the next guest says the fed is partly behind the mayhem the past couple days as the president tweeted about market volatility in the old days when good news was reported, stock market would go up, today when good news is reported, stock market goes down big mistake and we have great news about the economy tom mcclellan joins me start with the fed, you think they're in the middle of this?

>> good morning. yes, the president is right. but the link between that and the economy is not as strong as people think what most don't understand, there are two fundamentals that govern movements of stock market first is how much money is there, the second is how much does the money want to be invested the fed is in charge of mostly the first one. i brought a chart. what's not reported, the fed is selling assets last week they dropped $20 billion in one week in terms of total holdings of treasury and mortgage backed securities this is unwinding of qe, and they're expecting the bank system to absorb that, and that creates a pocket of liquidity. the market had ill ly quid tee response >> are things tightening up or

is there a liquidity issue >> the bank system has to adjust to $20 billion being missing because the fed yanked it away we remember how much occurred when we pumped it into the system most don't remember in 2008 the fed decided it wanted to drain the system and unwound a bunch of liquidity in team for the biggest financial crisis in years. i don't know how the fed gets out of the problem of $4 trillion in assets, and this quarter they plan to do it $20 billion a month up from 10 billion a month last quarter, hope to get up to $50 billion a month eventually i don't think they can keep on that path if they cause these i will liquidity events. >> tom, to dig into that further, there's a lot of focus is the fed going to raise rates

more than expected this year what you're basically saying is the bigger risk is unwind of the unprecedented balance sheet. where should investors be putting money if this is a big concern now? >> that's exactly the risk the fed is behind the curve on interest rates they can raise another quarter point and won't bother anything. it is yanking money from the bank system to drain that balance sheet that the fed has that creates the i will liquidity that the market is not prepared to absorb we are looking for a top in march. the top you saw in january and sharp decline, what that was was sharp deviation from normal pattern and upward we had to have equally sharp deviation to the down side to balance things out now we can get back on trend i am looking for an unpleasant summer after the top in march, heading to august, then we will have bull market after the bottom in august >> tom, top in march, a bottom in august. where are you expecting us to

end up at the end of the year and what should investors be prepared for for the rest of the second half? >> well, where the number is at the end of the year doesn't tell you what to do now there are a lot of miles to travel between now and then. one thing i wanted to share with everyone, this dip we've seen in february is almost a carbon copy of a dip we saw four years ago, exactly four years ago when janet yellen took office now chairman powell has taken over, the market dipped on schedule in response to that patterns line up almost exactly from four years ago 'til now so the steepness of the decline into the bottom four years ago was matched by steepness of the ascent going out of it i expect the same this time, but i don't expect it to last like 2014 i expect that top in march then cash in the mattress a good place to hide, those that want to play short volatility, long

volatility trading game can do that if they're nimble enough, but there's a time to be invested and time to not be invested and we're coming into this summer, we're going to have a time not to be invested in the stock market. >> didn't warren buffett say always stay invested invest in the long run right? >> yeah. >> before we go, is the economy getting stronger now or what do you think? >> it is and right on schedule, and the deregulation that the trump administration is bringing is part of that, a bigger part, this millennial generation or echo boom generation as i like to call it, peak of that kids born in 1990, they're turning 27, 28, catching their legs in the work force, starting to be entrepreneurial, starting businesses that huge population boom is a lot like what us baby boomers did in the 1980s a dynamic force in the economy, and underappreciated i think it will keep the economy going awhile however, the fed is assuredly going to screw up things for the

stock market you can count on the fed's incompetence that will create opportunities for traders, irrespective of what the actual economy does. >> meanwhile, we millennials keep trying to do our thing. tom, thanks for joining us. >> thank you for doing it. there's breaking news out of washington on the budget let's get the details. >> want to give you details about a spending deal currently negotiated on capitol hill that would lift budget caps put in place by the 2011 sequester deal nearly $300 billion over the next two years, according to congressional source, and senior white house official the deal discussed at present would raise military spending by $80 billion, and spending for all other programs by $63 billion according to our sources. but in year two, those would go up defense spending would increase by $85 billion, and discretionary spending or all other funding would increase by $68 billion.

those are bigger up ticks than previously reported. the details of the bipartisan deal, including potential debt ceiling component are still being discussed, could be announced early as today colleagues at nbc news are reporting this could come out at noon on the senate floor, getting support in the house an up hill battle for paul ryan, democratic leader nancy pelosi asked for more assurances from ryan since the package doesn't include protection for daca recipients and they opposed increase to nondefense spending. we'll see where it shakes out and what other elements, disaster relief and tax extenders are part of the package when it comes out potentially next hour. back to you. >> does it have to have anything about the wall in there or no? >> i'm told by a senior white house official this will not include any immigration components whether they feel the wall should be tied to broader immigration reforms would be a separate deal remains to be

seen so far as we hear today, it would not. >> thank you for bringing us those breaking headlines ishares of aerospace and defense etf climbing to highs of the day as she reports these headlines. wynn stock surging, up more than 10% after the chairman steve wynn announced resignation among sexual misconduct allegations. contessa brewer has more are you surprised to see he resigned as quickly as he has? >> reporter: it is interesting, the analysts don't seem surprised at all there was general consensus among analysts i spoke to that this needed to happen for the company to move forward, but people who knew the wynns well say they're shocked he would have stepped aside they saw him fighting the last thing. talked to the former mayor last week, he said no, no, no, he's a fighter. you look up and down this strip, this is largely steve wynn's vision for las vegas

but after his stock plummeted, after the investigations have been swirling around his company, he stepped aside. the casino mogul had a statement last night that says in part in the last couple weeks i found myself the focus of an avalanche of negativity publicity. as i reflected on the environment this created, one in which a rush to judgment takes precedence over everything else, including the facts, i have reached the conclusion i cannot continue to be effective in my current roles. wynn has fully endorsed the succession plan that puts matt maddox in the role of ceo. maddox has been with him at the company since 2002 now the responsibility and role of board comes under close scrutiny massachusetts regulators are taking a close look at the board actions, not just current but past actions as well nevada regulators are taking a closer look. harry curtis has predicted two

courses of action. one that maddox replaces most of the board members with new, independent board members, or that wynn would sell assets to potential buyers a dubali analyst has a list of those that might be interested beijing may have a vested interest in seeing the balance of power tip to chinese ownership, but these are a lot of what ifs. the first challenge for the new ceo that's been by steve wynn's side so long is how to separate the company from the man and push the company forward guys >> contethank you. we watched that stock, one of the better performers in the s&p 500. we may have a budget deal at noon dow up 310 points.

>> now up 41% so far today when we return, jim carrey, deleting his facebook account and dumping stock in the company. we'll tell you why after the break. we have a short amount of time to get our patient to the hospital with good results. we call that the golden hour. evaluating patients remotely is where i think we have a potential to make a difference. (barry murrey) we would save a lot of lives if we could bring the doctor to the patient. verizon is racing to build the first and most powerful 5g network that will enable things like precision robotic surgery from thousands of miles away. as we get faster wireless connections, it'll be possible to be able to operate on a patient in a way that was just not possible before. when i move my hand, the robot on the other side will mimic the movement, with almost no delay.

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broken that's not necessarily indication we hit bottom, suggesting some volatility we have seen. small caps edging out larger caps here on the nasdaq. we are seeing broad gains, biotech. chips turning positive as well a lot coming from strong earnings they're putting money into new technology gilead, 10 centsabove estimates. traders saying we are seeing flow come into big growth reliable names but that's not necessarily translating to all names. apple in the red as has alphabet, and they're back in correction territory facebook also trying to move higher micron one of today's big

winners. tech stocks have been the leaders in terms of tech but in the last week, they've only been up one of five sessions, we'll see if they can pull off a second one today, up better than 4% since last month. back to you. >> the nasdaq is lagging a little dow is strong. up 375 thank you. bertha coombs. steve liesman has headlines from chicago from evans. >> evans saying the fed should keep policy on hold until midyear. evans, chicago fed president, one of two dissenters for the december rate hike he is dovish, not in a hurry to raise rates. he supports the idea of median long rate funds of 2.8%. not in a hurry to get there. he is concerned about persistent factors holding down inflation rate he says the u.s. economy is

finally -- plenty of momentum. he notes growth is picking up. the forecast for 2018, 2.5%, gdp .4 to .8%, comes from a tax cut. he sees that effect waning over time inflation going down, unemployment down but by 2020. third fed official to speak. the other two, kaplan and dudley said they were not particularly concerned about the down graft because it didn't have much effect on the economy or on fed policy >> steve, looking at the outlook numbers from evans, are you surprised he is so dovish? >> i am very surprised he is all about this idea of what they call the symmetrical

inflation goal of the federal reserve. translation, if inflation ran cold a little while under that 2% target, not a big deal to run hot awhile he sees the economy or resources being strained by the better growth from the tax cut. he just doesn't appear to think it is a big deal and big reason to change policy outline >> steve, always great for your thoughts steve liesman. spacex defying the odds, successfully launching falcon heavy rocket yesterday what's now the most powerful rocket in operation in the world. we were there, adding to history making, the space up start also successfully landing two of the rockets, three boosters, amid side booms, four of them, and cheers from thousands of onlookers. third booster didn't get recovered, crashed in the atlantic ocean, but test pay load, elon musks own roadster, a

space suit clad man can, exceeded mars orbit, headed to asteroid belt. at a press conference last night, we were there elon musk saying this will propel the private sector led space race >> i think it is going to encourage other companies in countries to say hey, if spacex which is a commercial company can do this, and nobody paid for falcon, it was paid for with internal funds, then they could go too i think it will encourage other countries to raise their sights and do bigger and better, which is great we want a new space race >> and guys, musk also said space raisces are fun. he said it was a half million investment for the condition, and contrary to earlier goals isn't planning to use this

rocket foreman manned missions the new powerful rocket is progressing quickly. >> it was a disappointment, they thought he might be able to take people to the moon, do something with space travel, help nasa with man flights to the space station. sounds like it is being pushed out a bit. >> probably looking at a couple of years for that. that said, falcon 9 is already in the works with his dragon capsule to start to take american astronauts back to the international space station, lower orbit as soon as later this year. >> just the amount of hype and valuation riding on one man. this is the man behind tesla, behind flame throwers, boring tunnels. these rockets. he is not putting anybody else from any of the efforts front and center so much is riding on just him. >> i really, truly don't know how he does it all i can't imagine he sleeps much this is an amazing feat.

nobody thought he would pull it off. >> loved seeing it everybody there, you could feel the ground shaking. let's check where we stand in the markets dow up 320 points. boeing leading the way, ramping up all session, s & p up be right back. cord. well, have you seen her work? no. is it good? good? at cognizant, we're helping today's leading banks make better lending decisions with new sources of data- so, multiply that by her followers, speaking engagements, work experience... credit history. that more accurately assess a business' chances of success. this is a good investment. she's a good investment. get ready, because we're helping leading companies see it- and see it through-with digital.

silicon valley tech leaders battling tech addition, lobbying efforts, and $57 million ad campaign being brought to 55,000 public schools across the united states, meant to unveil both the truth about tech for more, joined by jim steyer, and google design artist tristan, i want to start with you. seems like you say you're focusing on two ideas, pieces of

legislation. first at the national level, markey proposing a study, research on children's health. then in california, hertzburg is saying platforms shouldn't allow bots to be there without being identified as bots what's the issue with the bot idea, is it the platform's job to identify bots and face punishment if they don't or just up to the user >> jim is focused more on the legislation. i can talk about the bots. the challenge with this is researchers estimate, academic researchers estimate 15% of twitter's user base are bots most of us are interacting with these every day and have no idea you see that it is a photo of an african-american in kansas you don't know that's a bot from

russia if the researchers can figure it out but twitter can't, why can't twitter do this. because the stock price is dependent on telling wall street we have this many users. they don't want to admit this from the beginning because it eats into engagement numbers if we need this to be an honest, if this is about public square, integrity of public square, the idea is to clearly label don't want human impersonation when you think it is a human being but it is a robot. you need to be able to clearly label he is a robot, if he is one. >> and there are three pieces of legislation. the bot bill in california is transparency in democracy. you can tell this message was sent by a bot based in russia or whatever that should be required everywhere >> but whose job is it to verify that there are humans on the platform and robots are --

>> the company. >> in the past, the company said it is just a platform. >> that's right. no that's baloney we will not accept that. the law as written, they're responsible for identifying that marketing bill, research bill, we are conducting the biggest social experiment in real time when it comes to cell phone addiction and behavior, and there's no research. that's a basic research bill that should have been done years ago. but needs to be done third major piece of legislation we have is a bill that would regulate the internet of things. talking barbie, your toaster that takes your data alexa. google home. all these devices in your home and kitchen sucking upda data. the public should be able to know what data they give up and express control and consent over how they give update a

those are the beginning of thoughtful, common sense regulation of the area look, tech companies provide great benefits to society when used appropriately and wisely but there are real down sides. everybody in the audience knows that because they're addicted to phones what we are calling for is a balanced approach. there's a role for common sense legislation and regulation when it comes to the broader tech industry. >> tristan, as somebody that used to work at google, a silicon valley insider, why are you taking this position now >> i genuinely view it as an extension threat there's a long explanation why i have been raising these issues since 2013 when i made a presentation about how we as google have a moral responsibility in shaping where a billion's people attention goes you shape their thoughts and thoughts precede action, so you're shaping society, culture,

whether people have the relationship they would have intended to have, whether they sleep or not, shaping elections. there's an entire set of consequences when you shape through design calling attention that we have these devices and that often it exploits how our minds work. we have to get ahead of this we have seen incentives of tech companies to maximize attention aren't the same as what we need in the public square we have to get very serious that advertising is misaligned with democracy, when it comes to technology >> that's quite a statement. jim, i was going to say couple years ago i didn't like the experience so i quit social media. i don't google things that i don't think they're authorized to give me an answer to because we know it is junk i love g mail, use google maps all the time does this have to be regulated or can individuals themselves opt out of the user experience isn't that how most of the time

the monopolies are undermined? >> good question the answer is all of the above the reason we are launching truth about tactics, we believe we can mobilize brought public awareness and change 80 million regular users, dominant player for media and technology forkids and familie in the u.s., well over half the schools. we believe it comes from the ground up from folks like you disconnecting in this way, getting rid of that particular feature. we also think you have to have leadership from the top, both from the ceos of major tech companies individually, taking responsibility for the benefits as well as down sides of products and platforms, but also this is changing everything. this is changing our culture this is why we have an elected official in a democracy. set a tone, have common sense regulation look, the tv industry, broadcast

and cable, is regulated. telecom industry is. for common sense purposes. we need that in the tech arena as well. end of the day, we're all hooked into the system. >> they're on twitter it seems more than ever tristan, i wonder, we are in a culture where junk good and soda are huge products, fast food goes out there without labels, beer ads are in the super bowl where huge guys are crashing into each other, giving each other concussions. what makes you think that we're going to change and rebel against the nanny state on this one? >> i think actually for this one, the reason it is going to work is because all of us feel it on the inside, we feel it inside ourselves and we feel it with our own children. so now we're pointing the most powerful super computers in the

world at our brains to suck attention out of it, so it is not enough that you use the product, i have to point the powerful super computer to adictator me to it then that stock price has to go up i have to point it at your kids. that's not a world that any human being wants to live in, which is why this isn't a partisan issue, it is a human issue. we're all on the same team i think the reason it will change is because we all care about it >> i agree totally >> tristan, jim, we appreciate it we got to go interesting discussion going to continue. let's go to seema mody >> european stocks in rebound mode, ending a seven session losing streak, rebounding after the worst daily performance since june of 2016 part of the story is better than expected data, rising growth expectation. eu raised eurozone growth forecast to 2.3%, up from 2.1% from the time in november when it made the target

germany among the markets negative for the year down just about 2%, despite today's rally. speaking of germany, chancellor merkel agreed on a deal between her conservative block and left of center social democrats she made some concessions, social democrats would head finance and foreign ministry in the new government, but the party's members still have to vote to approve the coalition deal the yield on ten year german bond is rising, hitting multi year highs, puts this market rally into focus of course finished with earnings news, norway stat oil posted better than expected quarterly profit on higher crude prices, record output sanofi down, and abn amro, that stock down 3%. back to you. >> great thank you for bringing us that

seema mody, back at hq. sue herera has a quick news update. >> good morning, everybody here is what's happening new air strikes launched by russian and syrian government forces on a region east of damascus at least 8 people killed the observatory for human rights says the number of people killed since end of january has risen to 384 that total includes 94 children. south korea says the sister of kim jong-un part of the high level delegation coming to the south for winter games promoted by her brother within the party last year. pope francis praising the decision of north and south korea to compete alongside one another saying it shows conflicts can be resolved through dialogue and mutual respect. he sends a special greeting and blessing to all olympic athletes. dunkin' donuts plans to eliminate poly stie reason cups

by 2020. they'll replace them with a double wallpaper cup in u.s. locations. latest fast food company to do so that's the news update back to "squawk alley. back to you. >> we're mystified about whatever dancing was going on in that video. >> i'm not sure. >> acrobatics. >> thank you, sue herera at headquarters. coming up, snap stunning the street shares we 4 aerup0%t one point. a deeper dive into the quarter and stock reaction next.

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welcome back let's get back to the wild market swings. dow and s & p and nasdaq are in the green. with us to talk about this, gentlemen, thank you for joining us john, i want to start with you we had discussion earlier on the show about liquidity, leverage, and the idea that as the fed begins to unwind its big balance sheet that maybe that's a bigger risk for markets now what are your thoughts >> certainly there's no precedent in modern economic times for the amount of unwind of balancing the fed will do, but they have been very clear in communication that it will be

really gradual so while we don't expect major dislocations, the effect of the low rate policy in place many years is it suppressed volatility it is likely as they proceed through the unwind excesses that built up, based on low volatility and rates are likely to be revealed, not unlike what we saw earlier this week with equity volatility. we think while it won't be a dramatic crisis, investors should probably adjust expectations to periodic bumps in the road as the long adjustment process unfolds. >> and mark, i have gotten so many phone calls from family members over the last couple days asking me is this a bull back, the correction -- pull back, a correction, where we see the end of the bull market what would you say to them >> well, we don't think it is the end of the bull market because many of the things have

continued to keep this bull market going remain in place we still have earnings growth. we still have the synchronized global growth. while the fed is removing stimulus, we still have the bank of japan, ecb continuing to add net quantitative easing through the back half of this year we think it is unlikely we would see a recession this year and therefore it is hard to kind of put the brakes and go on it fully and go under weight stocks i think one of the things we're watching closely like other people is what is happening with inflation. that's why the ten year is key if that ten year moves above 3%, you'll get people re-pricing

equities, saying i can get decent yield in treasuries, i don't need as many stocks. >> john, given the move in rates, what's your outlook where they go from here? >> yeah, i think in the bond market what we are seeing is the bond market engaged with economic cycle factors, after years with extreme monetary policy and low inflation were key drivers. the market is entertaining the idea of stronger growth, synchronized across developed markets, and that could contribute to somewhat rising inflation, that would encourage the fed to tighten more aggressively however, it is important to remember there are secular forces restraining inflation like technology, globalization, demographics so we don't expect inflation to rise above 2% as measured by core cpd our outlook is the fed continues on the gradual path they've already communicated

>> gentlemen, we're going to have to leave it there thank you for joining us >> thank you. more on snap's breakout quarter when we return it's time for the 'ultimate sleep number event' on the only bed that adjusts on both sides to your ideal comfort, your sleep number setting. and snoring? does your bed do that? right now during the ultimate sleep number event, save 50% on the ultimate limited edition

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we have an exclusive interview with leon cooperman. he owns amazon, facebook as well we get his take on big tech.

and unusual activity from the biotech giant. which way the stock will move. halftime report at noon eastern. see you in about 15. >> sounds good thank you. over to rick santelli. >> thank you, kelly. i want to welcome bob parks. thanks for taking time we go back, started working at drexel in the early '80s you've seen a few crashes. you're the equity expert tale of two cities many are doing a forensic on volatility and how the markets were so dramatically effected. i think you can give the answer, a tale of two cities the vix being the common degree. >> the vix was the measure, the funds were unfortunate what the public was invested in, they lost most or all of their money. and the vix was the key to the index, but not what really

happened. >> basically much of the money here was wiped out, but there's not a feedback loop to stocks. the vix is used as a benchmark by everybody they see vix go up, what do they do >> they want to sell stock. >> you think the bigger picture is the risk parody picture >> exactly. >> this is a strategy. how much is in this strategy >> risk parody for pension funds, at least $500 billion. >> what is that? >> you try to keep constant volatility to minimize risk, maximize returns. >> hold as much stock as you can, but nervous about volatility this gives you the biggest position at a threshold you can live with? >> you have targets. 10, 12, 14, whatever target of total portfolio, try to keep it there by managing the risk. >> here's the bigger feedback. called volatility control.

what is it >> this is what insurance companies sell to customers. it is similar to risk parody, includes the same thing as the old portfolio insurance in the '80s, not the same when markets go down, you have to sell futures. >> basically you own a bunch of stocks there's an overlay this is key, folks they may own real stocks but the overlay, when you have volatility control and volatility goes up, you don't go in and sell all your individual things >> you can't you use derivatives or sell futures. >> so people that sell the stock market because the vix goes up, but that is what they benchmark the adjustment process for volatility control. >> that's right. if you want constant volatility, as vol goes up, sell futures last couple days, everybody did it at the same time. >> basically there's all of this talk to regulate, do all of

this, it is a good idea, so many god involved that it is inevitable it occurs. >> it is happens when spring is coiled and gets too complacent. >> you and i were around in the crash, did a fantastic job managing risk, they always do, and it is transparent. >> possible parbob parks, imporc thank you. >> thank you very much. coming up. snap shares surging up 37% after earnings report yesterday evening. more on this breakout quarter after this ♪

feel that? that's the beat of global markets, the rhythm of the world. but to us, it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow.

snap is soaring and reporting a 72% increase in revenue. shares up nearly 40% around 38% for more, let' bring in jason from oppenheimer and mark at a rbc. jason, you're a post nine. start with you you raised your price target from 14 to 19. it's already blown there that. didn't take long are you confident that the issues are behind? it was down from its ipo price, it bounced up and hasn't quite hit that 2014 high again >> sure, look, i think this is the step in the right direction.

we, it's the, we're raising numbers '18 and 'is the. the past several quarter, we've cut numbers. really, the point is we've shown they can grow out of the top 100. twitter has struggled to grow out of the top advertisers they gave a statistic, up 100% from the quarter so to tell you, we auked to companies who make technology to help buying twitter, snap chat et cetera, they didn't even see this so really, this isn't just like it's advertiser 105. they're making traction down market and that's interesting. >> mark, your price target now $21 on this stock. it was at 15 the user growth outperformed a lot of people's expectations when are we going to know whether this is a new trend or if it's just a one off for them? are you confident one way or the other?

>> you know, we're not going to know for a couple of quarters. i think that most important question that investors have to ask themselves is there something to believe that this change is sustain bable and we think there's sofrt three or four factors look, the act design, redesign, is still in process. only rolled out to about 25% of users. they're seeing about 40% increase in usage of the media site the publishing stories on snap and that's where the real advertising opportunity is so that still has to play out. also on the ruuser side, what started to improve was the rest of the world users they seemed to be fixing their android problem. just like facebook and its ipo had mobile problem snap chat's problem was android. this was a company that was too ios focused and didn't realize that if you leave the u.s., almost everybodiy uses android we think we've done that we have they have done that and now they can continue to roll

that out we think t still sustain bable user growth should continue to improve for the foreseeable future >> we've got a shift for automated aupction process. we have the company on the earnings call saying they're seeing more user engagement with those ads. with that sponsor content what's to say this company isn't as vulnerable to issfacebook ise sns. >> i don't think anybody would say facebook is having issues. you're talking about the social engagement factor. >> you know what, what i'm talking about is the fact that you now have more and more calls of regulation. you have pressure on facebook to bretter organize its news feed and make sure things like russian operatives aren't able to target its user how is snap not vulnerable to the same thing >> if you're talking to people who aren't old enough to vote,

it's probably less of an issue >> fair enough >> the redesign does address exactly that the criticism of snap was it's too hard to use. the social content is here professional content is here the redesign tries to bring it to one place it tries to use an al gor rhythm to help source it. people are calling it, is social media addictive. are we ruining our children. that's question for snap what kind of content are being put in front of our children i think it's a different issue than facebook, which is trying to subvert facebook for other agendas. >> so many ways to ruin our children, so little time thank you for joining us >> coming up on the halftime report, legendary investor coop big tech ♪

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welcome back the dow is the outperformer. boeing helping a little bit. about 1.2 for the dow.

s&p's up about 1% right now. nasdaq is lagging a little today. >> it is, but there are some tech names doing quite well. that's aside from just snap which we've talked a lot about match group, perhaps ahead of the valentine's day surge. up 8%. twitter up 5.5 iac, which has match group up nearly 5, too. >> i think they reported numbers last night even. talked about strong trends we don't have to go there. but you mentioned twitter is up 5% what's up for the year now >> it's up about 11% for the year around 45% over 12 months >> getting traction. of course it pales in come parisenetflix is up 40%. amazon up 20%. that's after a the turmoil the last couple of sessions. >> tesla earnings after the bell >> elon musk, we'll see if that hot hand moves into t into all e

different properties thank you for being with with us now it's about time to toss it over to the half and scott wapner welcome to the halftime report our top trade this hour, bargain hunting. stocks rising once again in what's been a mostly calm trading session. our question today is whether the correction has now run its course and it's safe to buy stocks with us today, jim, steve, the brothers najarian. carrie is here, too. we'll also joined by the legendary money manager, lee coopermap of o megamessage advisers lee, we're so happy to have you with us today. how are you? >> good. >> dow's up 300 plus as we're coming on the air today. can you give me your thoughts on