the market rally turns another year older...and traders are a year wiser. in today's cover story...china declares war on its pollution problem. why energy companies are intrigued. plus...what you need to know about the exploding ipo market. and... it's not all about money...a veteran trader reveals some secrets of the pit. get ready to be enlightened! first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's monday, march 10th. i'm angela miles. in today's first look: happy anniversary stocks! it was 5 years ago this week...the stock market hit bottom in the

financial crisis. and on march 10th , 2009--started the road to recovery. what a road it's been. friday, the s&p reached another new record high, closing at 18-78 as the jobs number came in better than expected with 175,000 jobs added. unemployment at a slight uptick to 6.7%. also on friday-- the dow rallied 31 the nasdaq pushed back 16 points gold plunged $12 dollars and oil continued to creep up, rising 97 cents.boeing is back in the headlines.the jet maker is inspecting the wings of 42 of its 787 dreamliners for hairline cracks. the wall street journal reports the issue may stem from changes in the manufacturing process by mitsubishi. it could cause delivery delays. scott bauer of trading advantage joins us on this monday morning. hello scott. >>good morning. >>how are traders likely to view this market anniversary

day? >>it's really any other day. you can look back and say 5 years ago the s&p's were down ati don't even want to say that magical numberbut it's really just another trading day right now. >>what about the reaction to the jobs number that came out friday. that was a nice surprise. >>it was a real nice surprise and we saw towards the end of the day maybe a little nervousness going into the weekend with the russia-ukraine situation even though things have calmed down. you also may have seen people taking money off the table. it definitely was a good report. i'd still like to see what the next one is to see what kind of revisions we get. >>fuel cell reports earnings today. i know you have a position in this stock. how are you playing it? this has been a biggie. >>it has been. i do own calls with the hope of an upside

move. it's been in the news and other stocks in the same industry have been in the news. i'm not so sure earnings are going to make much of a difference on this one report if it's really more of a news driven stock at this point. but i am long calls and i am looking for that big upside play. >>you are a bull. thanks for being on the show this morning. >>thanks. it may be just another trading day.. but to investors -- the 5 year bull run has been a great gift. the s&p 500 alone is up 173% since march 9th of 2009. the robust run has taken the index from 676 to 1,878. bank shares were among the hardest hit in the financial meltdown when the stock market collapsed. this chart of citigroup shows a bank bounce back. citigroup in the darkest days was trading around $10. today. shares are near $50. the reality is no one knows how long the rally will last. but for now-- chuck coppola is standing by for a look at how the market run is turning into prime-time for ipo-s--good morning chuck!

angie, companies are sprinting to the market as the good times roll...global ipo activity is up 70% so far this year...a big surge from 20-13. already, thirty-seven companies have gone public in the first quarter. and filings are rising faster than anytime in the last 14-years. more firms are swooping in as the stock market continues its hot streak. josef schuster who runs a company that tracks i-p-o performance says risk appetite is high. "that feeds into the demand for specialty ipo's in technology and consumer discretionary which are small midcap companieswith high growth potential." coupons-dot-com joined the club friday, in an astonishing market debut.the digital coupon company opened at $16 ...and jumped 87% to close at 30- dollars. the crisis situation between russia and the ukraine is coming down to oil and economics.... former federal

reserve chairman alan greenspan tells cnbc-- he thinks russian president vladimir "putin" is trying to put the soviet union back together. and that a signficant effect on russia's financial system is the only way to stop him. russia has already lost billions in its stock market drop. the u.s. dollar is rising as the ruble falls. traders are also watching the sugar market. ukraine and russia are major sugarbeet producers. if there was a production shortfall with the problems going on in the ukraine right now that could lead to an increase imports in the sugar market. concerns remain that russia could retaliate against economic sanctions by cutting exports of natural gas to europe or seizing assets of u.s. companies with russian locations such as pepsi, coke and boeing. lawmakers on capitol hill hit the ground running before spring break...topping the agenda this week : unemployment benefits and flood insurance.senate majority leader harry reid expects a vote on restoring expired unemployment benefits could come wednesday or thursday. also in the senate, legislation to rescue homeowners from a dramatic rise in flood

insurance premiums could also come up for a vote.homeowners in flood-prone areas are facing spiking rates due to the end of flood insurance subsidies. in the latest round of information on ceo bonus'.the bonus check for coca-cola ceo muhter kent fell from $21 million in 2012 to $18 million in 2013. his bonus is based on the performance. sales at coke grew just 2%. ford, ceo alan mulally was awarded a performance bonus of $13..8 million up from $11.6 the previous year. ford's earnings rose 26%. ford factory workers received a record profit sharing bonus of $8,800 each. the automaker plans to shift some jobs in mexico back to the u.s.a. at aerospace giant boeing-- plans to ground pension plans for non-union employees. the change will impact retirement plans for 68-thousand workers including managers and executives.beginning in 20-16 boeing will instead contribute to 401(k) plans. the switch marks an effort by boeing to limit growing pension

liabilities. tesla is turning away from the golden state to build it's new battery factory. california drivers bought more than one- third of all tesla model s sedans sold globally last year. but those contributions to the bottom line were not enough to convince the electric car company to build its $5 billion dollar battery factory inside the state. tesla had no comment on it's decisions. texas, arizona, nevada and new mexico remain in the running. in our cover story, china's declared "war on pollution" seeks to clean up smog and other carbon emissions produced during china's rapid industrial growth.what does that mean for energy companies in china?some say, more opportunity. carbon emissions from china's factories that manufacture the materials for buildings--- steel, cement and glass, have fouled the air to the point where it's clear that practically nothing is clear. "undeniably, all of us are going to have to do more. // china and the us are the

world's largestemitters of greenhouse gases." now, china's people and its government are saying "enough." the unbridled gallop to industrial growth isn't worth the price of irritated eyes and throats and early onslaught of disease. in the opening of this year's national people's congress, china's prime minister li kekiang declared "war on pollution," saying the country's blanket of smog was nature's "red light" warning against "blind development." "there's still going to be demand for coal, it's just going to be measured and those companies that can teach now clean coal technology are the one's who are going to benefit." china's prime minister said nothing about rising coal consumption---china's biggest source of energy and a major cause of smog.peabody energy, the world's largest private sector coal coal company believes that's because china's coal use is in transition. "they are similar to where the us was in the middle of the

last century, using it to produce electricity while reducing direct coal use." china's prime minister says sulpher-dioxide emissions from burning coal were cut three and a half percent, last year. and may drop another two- percent, this year. researchers at harvard, monitoring the emissions call it "one of the most swiftly effective air-pollution policies ever." thank you chuck.. also from china...authorities took a small step towards a more market- oriented financial system by allowing the country's first ever corporate bond default. investors in a chinese solar panel manufacturer received as little as 3-percent of interest due last week. until now, beijing has always bailed out troubled borrowers to preserve confindence in credit markets.the communist party has pledged to make the economy more productive by allowing free-market forces to play a greater role. after some high profile credit

and debit card breaches, cut-throat competitors master card and visa are in a partnership to enhance payment security.the credit card companies are considering adoption of new e-m-v chip technology commonly found overseas. it will be interesting to see how investors react to 3 stocks today that made huge moves friday off of earnings. starting with footlocker. the stock jumped 8% to a record high after profits rose more than expected. big lots shares climbed 22%, even though its profit number and full year guidance missed consensus estimates. and and skullcandy. the maker of of headphones. topped analyst predictions. that stock popped 24%. in the grocery department-- private equity behemoth cerberus capital....confirms plans for a nine-billion dollar deal to buy safeway...the nation's second largest supermarket chain. the move would merge safeway with albertsons, the 5-th largerst grocer, which cerberus bought last year. still, reports say number one chain kroger could make a bid for parts of safeway. the steady rise of cyber shopping is hurting main street

stores. radio shack will be closing 11-hundred locations, sears holdings may close around 500 sears and k-mart shops. also, staples will shutter 225 stores this year. the change in american shopping habits is also contributing to layoffs. "the world is becoming amazon- ized and as that happens, we're seeing consumers who used to go into stores use their smartphones. these companies are beginning to react to that // and having to shift towards a different structure what the future is going to be about." the closings come at a time when there is already an oversupply of commercial retail space. the government is demanding information from graco about a massive recall. regulators want the infant car seat maker to clarify information about a february recall of 3.8 million seats. graco says seat buckles may not unlatch, putting infants in danger. however, 7 of its models were excluded from the recall...nhtsa wants to know why. graco has until march

20th to provide that information. blowing the whistle on jp morgan proved profitable for a former employee. a whistleblower is receiving 63 million dollars for insider information about bad behavior in jpmorgan's mortgage division during the housing crisis. in february---jpmorgan agreed to pay a 614 million dollar settlement for mortgage lending fraud. the man's lawyer says he hopes the fee sends a message to wall street. the majority of taxpayers are getting a boost in returns this year. the average refund is up 3% ,topping 3 thousand dollars. however, usa today reports the boost is due to a rising amount of low income, or underemployed americans claiming "earned income credit" on their taxes. other trends: filers are turning taxes in earlier...and electronically. coming up -- on first business a no-holds barred look at wwe in chart talk...and we'll move from the wrestling ring to the trading floor for stories of success from a female champion.

but straight ahead, more on that surprising jobs number...right after this break!

a surprise risethe government reports for the month of february. 175,000 jobs were added to payroll topping expectations of 163,000 although the unemployment rate ticked up a tad to 6.7% from 6.6. brent schutte of bmo global asset mangement joins us this morning with a behind the scenes look at the jobs numbers. good morning to you. >>good morning. >>are you surprised that weather was not more of a factor in hiring.

>>i am. if you look at the data over the past few weeksyou mentioned the 163 numberthere was a whisper number that was quite a bit lower. i don't think that many people would have been surprised if it was in the 80-90 range. >>right. the market was anticipating a bad number. >>you mentioned the weather. in the household survey they actually go out and ask people could you make it to work or not because of the weather? this month there were 601 thousand people who could not make it to work. which sounds like a lot and it is. if you look back historically since 1976, the other biggest number happened in 1977it was 441 thousand. it is odd for this to get over 200 thousand and so that has a huge effect on the economy. it had some effect on this employment report. but certainly the 175 is great in that context. >>absolutely. and hourly earnings were up as well which is good for the american worker. >>this is something that we're watching quite a bit. one of the things that we believe is that there is some level of

structural unemployment. what that means is that you can't turn nurses into construction workers overnight and vice versa. there's a skills mismatch in the u.s. economy. if that's the case the fed has less time on their side to be doing what they're doing. and so we are watching this intently. companies are telling you that they have jobs they can't fill. in fact in the beige book this week they noted shortages in skilled labor. it's a good thing for earnings to rise but if they get too out of control then you get wage push inflation which can be bad for the economy longer term. >>we just need to see more people get hired. >>right and i think that's still coming. i came into the year pretty optimistic on the economy and then this happened. you have russia in the background too but i don't think that's a huge factor. i still am optimistic. i think once the weather clears the economy's going to get better. a report out later this morning that i'll be watching is the nfib data which showed sales expectations among small business owners going to 15% in january which doesn't sound like a lot but historically that is very large. so we'll see if there's some follow through to that. >>brent it's always a pleasure to have you on our show. we'll see you next month. >>thank you. still to come...the big hit. why traders are turning into fans of world wide wrestling shares. plus...you've heard about the greed and the wealth on wall street... well now we are showing you the softer side of the trading floor. stay with us!

traders don't talk about it much, but some are wildly successful. and it's been my personal experience many are amazingly generous. joining us now is margery teller, one of the female legends of the trading floor and somone who is using her trading smarts for a great cause. good morning to you. >>good morning to you. >>back in 2002 you accounted for 10% of the trades going through in the euro dollar pit at the chicago mercantile exchange. what was that like being a woman on the floor? it is a boys' locker room down there. >>it was a boys' locker room but once you're established it doesn't matter. >>it's all about the money right? and how well you're doing right?

>>it's all about how well you're doing. it depends on your actual physical position in the pit. it was great back then. it was so much fun. and the markets were so crazy. it was a wonderful experience for anyone to be down there. >>did you still have to do a few elbows and push your way through? >>for sure. >>and you sound like you enjoyed it. >>i did enjoy it. i had the sharpest elbows in the pit. >>and they knew you were coming >>apparently. >>it was a great time back then and the market was just absolutely roaring. do you watch the markets now? >>i watch them a little bit but i am really retired from doing that. what i'm working on now is actually a tv pilot about the pits and the way it was back then. >>we will look forward to that. you are also working on a potential cure for diabetes. you have a great cause going. tell us about that. >>well, i have a vested interest. my daughter was diagnosed when she was 18 months old, back in 1997. when i first started down on the floor, i realized that people on the floor were generous but i

didn't know how generous they were until she got sick and people just rallied around. so first we started doing walkathons for different organizations. we did fundraising for the jdrf. we did fundraising for ada and everyone rallied around and bought raffle tickets. then i realized that we could do more because people were so generous down there. so in 2004 we started our group friends for the cure. so far we have had 8 events and we have raised $2.3 million for different diabetes events. >>great story and wonderful to have you here. you can find her at friends for a cure. our best to you. thanks for coming on the show. >>thanks so much. just ahead...why traders are keep punching away at wwe stock. will they get hit with a knockout? chart talk is next.

elaine: it was 17 years ago when i decided to become a mentor that i was assigned to christina. when she was in the first grade, she was a shy little girl, not able to smile much. christina: elaine showed me there were people out there to help me and guide me through life. when elaine let me read her diary, i didn't even realize how important i was to her, and now that i'm mentoring, i feel that same importance, and i can spread those same values to the girls i mentor. be someone who matters, to someone who matters.

andrew keene, president of keene on the market dot com steps into the ring with us this morning. good morning andrew. >>good morning angie. >>you're here to talk about wwe and no staging. promise me that. >>no staging. this stock ha s been a beast. it has taken off to the upside and i continue to see unusual option activity, call activity, bullish activity. first i saw it in the april 30s. then the july 30's. then on fridayapril 35 and july 40's i'm in some of these calls. i think wwe has a lot more room to run. they're coming out with a 24 hour wwe station. it's all about content right now. you see all of these stocksdirectv 52 week high, dish 52 week high, netflix 52 week high. all of this activity makes me see that make a push for wwe. it's very

heavily shorted and the stock moves a lot but i think wwe could hit 40 by the end of the year. >>are you surprised by this monster move? >>the stock used to be 8 bucks and to be honest i didn't actually know wwe still existed. so i am surprised at how big a following they have. i never knew the following was that big. i know in chicago they actually just opened a wrestling bar where you can go and instead of having ufc, basketball, baseball, or football they have only wrestling and wwe. so actually it's a lot bigger than i thought but it's all about the content play here. if they have the following that everybody wantsthey all want to be in mobile, they want the contentsomeone might make a bid for them but this stock's going higher. >>we have to take off before the bell rings so thanks for that. we really appreciate you andrew. thanks a lot. >>thank you. coming up later this week...a closer look at a different kind of chart. a start up company is launching a do it yourself "online" an eye exam. but will investors blink? join us this week to find out. from all of us at first business have a great monday!

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