market whiplash... stocks stage a rebound despite growing concerns overseas... in today's cover story... as we approach the anniversary of the deepwater horizon spill... a check up on the gulf. plus... a new bump in the road for the trucking industry.. and... how intel is anticipating your consumer needs! first business starts now! good morning! i'm angela miles. it's wednesday, april 16th. in today's first look: a dangerous and volatile situation.that's the way the white house describes the latest events-- as russia escalates its advances in the ukriane-- and ukraine launches a military operation in response. the treasury market

is moving on the conflict. tuesday, the 10 year note yield fell more than 1% as treasury prices rose. the stock market however, shook off the news. and turned a sell off into a rally. the dow gained 90 points, the nasdaq 11 and the s&p 12. gold futures plunged $25 dollars. and oil inched 49 cents lower. yahoo is growing for the first time in a more than a year.. in earnings after hours-- the internet company beat on earnings and revenue. shares rallied more than 7%. and save the date. hotels in vegas reportedly are bracing for couples who want to wed on 12/13/14. the 13th in case you are wondering is a saturday. time now for some trader talk with mark sebastian leading the way. he is with swann wealth advisers. good morning, mark.

> > good morning. > > what's going on with this market? there's unrest in the ukraine and yet we have not seen a big move to the downside with the stock market. > > yeah, you know, i think ukraine is holding up underlying volatility. so i feel like the vix insurance prices are higher. while what's really driving the market right now is momentum stocks. while the s&p and the dow seem to be holding up, if we look at the russell 2000 or the nasdaq 100, they are getting torched. they're off about 8% from the march highs and they've really been leading the market up and down for the last 30 days. > > what will you be watching with the earnings today. we had intel and yahoo reporting last night. > > intel was really interesting-- good earnings, yahoo the same. i think as csx, some of the other earnings come out, they'll have an effect on the market. i'm really watching the movers and the shakers--

they are the ones that seem like they're going to drive the market through earnings season. they've been beaten down. if they come in line or beat, i think it could cause us to start threatening some of those all time highs we saw last month. > > thanks for coming on the show, mark. > > thanks for having me. traders will listen closely to comments by federal reserve chair janet yellen today.. chuck coppola has more.. . angie, the fed is keeping a close watch on inflation. that and more will likely be discussed in janet yellen's second major speech as fed chair. inflation remains a top concern on the fed's agenda. consumer prices in march popped two tenths of a percent, as food and housing costs rose more than anticipated, signaling the times of low inflation are coming to a close. today yellen will be in new york city following her speech at an atlanta banking conference, yesterday. the fed chair told attendees banks may need more capitol on hand to weather the possibility of another financial meltdown. a change at the top could happen sooner than expected at general electric. the wall street journal reports-- ge's ceo jeff immelt may step down before his 20-year tenure ends. he's been on the job since 2001. ge says

it doesn't comment on speculation.also making changes: best buy. shawn score-- the president of retail sales in the u.s. is retiring just 7 months after being promoted to the job. shari ballard who heads the retailers hr department will take the position. best buy shares-- dropped 2% in trading yesterday. detroit's retired public safety workers have reached a deal on pensions to help detroit emerge from bankruptcy. if approved -- retiree groups won't see a cut to their monthly pension checks, but, cost of living increases will be reduced to 1%. detroit is also making an effort to fix its real estate market by auctioning off homes. the opening bid is just one thousand dollars, but buyers must rehab the house within 6 months and find a tenant. 16 thousand vacant homes are owned by the city. a nobel prize-winning economist belives there is more momentum in the housing market-- than the stock market. robert shiller-- co-founder of the case-shiller home price index-- tells cnbc.. he still describes the housing recovery as strong--

even though some of the recent data is showing weakness in the housing sector. shiller adds, the futures market at cme predicts 25% higher home prices in 2018. new numbers from the rand corporation point to the possibility that as many as 7.8 million additional people have health care insurance because of the affordable care act. insurance companies can no longer turn people away who have a pre-existing condition. and americans- can apply for coverage directly with those insurance companies. the obama administration does not count these enrollees in their offical tally. so far, 7.5 million people have enrolled for coverage through the obamacare exchanges -- possibly bringing the grand total of enrollees to more than 15 million. blackberry could get some financial healing--- blackberry is taking a small stake in nanthealth to develop a new smartphone designed for people in the health care industry. the phone will have the capability of showing 3-d images and ct scans. it could launch later this year. blackberry's ceo is attempting to turn around

disappointing revenue numbers at the smartphone company. twitter is becoming more data driven. it's purchased colorado startup guh-nip -- a leader in providing and controlling data for facebook, google, and more. guh-nip's ceo says the acquisition will help twitter deliver tweets, faster! it's the 4th startup purchase twitter has made recenlty. twitter stock flew up 11% yesterday, closing above 45 dollars. the company that makes barcodes for retailers... is buying motorola solutions. zebra technologies corp-- is paying $3.4 billion. motorola solutions makes rugged mobile computers, tablets and barcode scanners. "google glass " is a hit. the wearable tech went on sale to the public for one day. google's stock rose 3 dollars as gadget lovers got the chance to purchase the 15 hundred dollar glasses. already -- there are rumours that contact lenses could be next. c-net reports the tech giant has a pending patent for a lens with a micro camera, controlled by blinking. the doors don't officially open until friday, but some automakers are already taking

the wraps off cars to be displayed at the new york auto show. nissan is getting a jump start by rolling in its murano crossover. the car company says its going for the wow factor with its funky style. in today's cover story---this weekend will mark the fourth anniversary of the b-p oil spill in the gulf of mexico. since then, british petroleum has paid 14-billion dollars in damages, penalties and in restoration costs. but the national wildlife federation and others say a significant amount of ecological damage remains. as many as 900-bottlenose dolphins and 15-hundred sea turtles have died since the spill. while bp has paid billions in claims to residents and businesses, some real, some the oil company says were exaggerated, the national wildlife federation says environmental restoration has been slow. "as time passes, legal things have moved ahead but restoring the environment remains unresolved." bp advocates that nature will best repair marshes and fisheries fouled when transocean's

deepwater horizon oil rig exploded--killing 11-people and releasing 200-million gallons of oil into the gulf of mexico. despite oil skimmed off the top and sunk to the bottom, the national wildlife federation is still finding... anemic dolphins, with signs of liver and lung disease. loons with toxic oil compounds in their blood. sperm whales with high amounts of dna-damaging metals chromium and nickel. and irregular heartbeats in commercially-caught bluefin and yellowfin tuna. "the need is now more than ever to begin restoration." bp which has spent 14-billion dollars paying for the spill called the report "a piece of political advocacy-- not science." ---focussing on "a few miles of marsh area rather than more than 150-miles of louisiana marshes that show signs of recovery." "they're looking for a big comeback. they're hoping to do that in the gulf and if not there, then in russia. but there's been such conflict there, that if that doesn't work out, bp is in big trouble." part of that comeback happened this week, after

environmental regulators lifted a ban on bp in the gulf, the oil company spent 42-million dollars for the rights to 24-exploration blocks, there. transocean's stock closed at 41-49--less than half what it was before the explosion and spill. bp closed at 47.77....lower than the 59- 88 where it was four years ago, this week. turning now to updates on earnings.. coca-cola's profits were slightly lower than last year. but the company matched forecasts set by wall street analysts. coke reports as sales in carbonated drinks fizzle-- its non-carbonated beverage volume is popping up. johnson and johnson topped analyst profit and revenue estimates "plus" raised its earnings forecast. sales were especially strong for j&j drugs that treat schizonphrenia, psoriasis and certain cancers.. merck and company wins approval for a new allergy medication. called grastek, the new drug treats grass pollen allergies.

it was given unanimous approval by an fda panel. france - based merck says it expects to launch the drug later this month and that there is a market of nearly 3 million patients for the new treatment. merck shares closed up 48 cents yesterday. money stress is on the rise in the workplace. a new survey by financial finesse says 23% of employees reported higher levels of financial stress last year. that's up from 18% a year ago. "as we get away from the recession, we're seeing less focus on the day to day problems of managing cash... worries about losing my job, and now we're seeing more of a focus on longer term issues like retirement preparation." still to come: a tech giant is banking on the success of brick and mortar retailers... plus... a ranking of the best jobs to hold. and...does recent

legislation within the trucking industry have drivers taking a hike? we'll find out, after this break!

the bi-partisan transportation act approved by congress and the president in 2012 is said to be driving small companies out of business. the law raises the bond requirement for freight brokers from $10,000 to $75,000. brokers connect manufacturers to truckers. joining us by skype this morning is james lamb president of the association of independent property brokers and agents-- you believe the law is causing job losses... > > right, it was the 2012

moving ahead for progess act, that highway transportation bill and we lost 8,200 broker businesses, some of them were mom and pop and some employed other people, so we're talking about potentiall 10's of thousands of people who lost jobs last december. > > the president of the transportation intermediares association has a different take. he says the group pushed for a comprehensive set of reforms designed to combat fraud. and while the broker bond raised to $75,000 -- the most expensive bond offering the market is about $5,600 a year. and, the only entites being harmed are would be scammers and those too undercapitalized to qualify for the bond. what's your response? > > once the larger brokerages control the market now that these 8,200 businesses licenses are revoked and the government has now the bigger brokerages have the ability to charge the

shippers more and pay the truckers less and what that translates into is essentially consumer prices going up and we are all going to pay more as a result. > > what are you doing about the law? > > we're actually asking for lawmakers to sponsor a repeal billl as are as are lobbyest chatting with those folks in the meantime, what we've done is asked the department of transportation to entertain an exemption application and make all the brokers that are currently required to post the 75,000 dollar bond to exempt from that requirement based on what we said would happen as happened. and that is that all these brokers have lost their licences and thousands of people have been put out of work. > > thanks for coming on the show- keep us posted. career cast has crunched the numbers and come up with the best jobs for 20-14. topping the list -- mathematician. math pro is followed by tenured professor, statistician, actuary and audiologist. in coming up with the list, career

cast looked at hiring prospects as well as average salary. mathematician topped the list because a huge range of employers need people with math skills. the field is expected to grow by 23% within the next few years. thanks chuck! coming up.... all about intel.. as the chip maker capitalizes on word of mouth....it's stock gets a major boost. stay with us!

affleck, and many actors have played the part of u.s. servicemen in the movies, but for veterans like james crosby their service and their sacrifice are real. and too often when they come home, their struggle continues. for over sixty years, paralyzed veterans of america has been fighting to help our injured veterans get the benefits they need, and have earned. paralyzed veterans of america was there for me when i came home. join me in supporting our paralyzed veterans. visit p-v-a dot org.

intel will likely be extra active in trading today. last night in the extended hours session.. intel jumped above its 52- week in heavy trading. the chip maker exceeded wall street's expectations on it first quarter earnings, and second quarter outlook. profit margins also improved. even more surprising intel reported signs of improvement in sales of personal computers that rely on its chips. bill moller has details on how the tech giant is expanding into retail... i found this kind of hard to believe but, retail companies actually lose 818 billion dollars every year when they run out of merchandise that people want, and from losses due to discounts they have to offer to unload over stocked merchandise. coming to their aid - data analyitics tools from intel that's, yeah, the chip company. michelle tinsley, she is intel's director of transactional retail. why don't you tell us what the nature of this problem is...

> > sure so the issue we're seeing across the industry is that retailers are caught either too short on having a hot product, or having too much of a product that's not selling-- especially in apparel where you've got things like sizes that take an impact and color of a unique article of clothing. and so what intel has been doing since we started partnering with a company called living naturally, we created some algorithms that essentially pull together different streams of data that are already out there-- things like twitter feeds, weather feeds, and we look at that at a localized level-- we have some tools that help visualize the data, and based on that we can see where spikes may occur becuase say a popular celebrity talks about mangosteen as a great vegetable for you, and being healthy, we then may see in the next week or two at health food stores that product is spiking. so we put together some software

tools that would run that would help these retailers essentially look at their buying patterns in more granular detail and help them plan ahead for what's going to be popular. > > it also helps them become more nimble because the marketplace changes so rapidly. what about the consumer side of things-- how does that affect them? > > so i think for the consumer, the benefits are your stores are not going to be out of stock. most major retail chains it's not unheard of-- it's actually kind of average that they're going to be out of stock of 30 percent of the different types of products. so again consumers get very frustrated when that happens, when you have to buy a substitute or switch courses-- like for myself when i do grocery shopping, figuring something else that you're going to buy that night for dinner. so really being able to stick to the plan and buy what you originally wanted, that's what customers want. second thing is you're going to really see again more of this targeted customized marketing where we're able to match more closely with the product requirements are to the consumers. > > it's an exciting world and it's evolving very quickly. michelle tinsley, thank you so much. > > thank you.

thanks bill! still ahead-- is intel a stock worth owning.. plus-- bargain hunting trader style is next.. in chart talk , n eck,

and many actors have played the part of u.s. servicemen in the movies, but for veterans like james crosby their service and their sacrifice are real. and too often when they come home, their struggle continues. for over sixty years, paralyzed veterans of america has been fighting

to help our injured veterans get the benefits they need, and have earned. paralyzed veterans of america was there for me when i came home. join me in supporting our paralyzed veterans. visit p-v-a dot org.

tim biggam of trading block joins us now for chart talk this morning. good morning, tim. > > good morning, angie. > > there was a time when stocks such as tesla, green mountain were too hot to handle for the average investor. but you my friend, and i love you, are one of my stodgiest, most conservative traders out there and you say it's time for investors to take a look at these stocks. it's unbelievable. tim, what do you see? > > yeah it's just coming into

range, and stodgy-- that's kind of a euphemism for old so i'll take that as a compliment nonetheless, but these stocks have come down 20 to 25% in the last month here. i don't think they're quite at a level that i'd be looking at, but tesla is somewhere around 170 level so maybe about another 8% lower than here, and green mountain at that 85 level, we would absolutely have some interest-- maybe even nibble a little higher small position-- didn't like them 20 to 25% higher, but price does matter, valuation matters so here looking a little more attractive. > > are there other stocks that your eyeing? > > well always we still favor value over momentum. i think that gap has further to go here, so still liking those stodgy kind of names-- the higher yield-- the intel's, cisco's in the world, and i think it's a place to hide out and hang your hat on until it's a 4 1/2% yield here beating the 30 year by over a hundred basis points. so until we get a little more semblance of sanity in the market, i'm hiding out in the the value names as you know i kind of like those anyways. > > do you think we're stuck in a range here, tim? > > i think we're probably getting near the lower end here

and you know the free money will put a kind of a floor under where it is-- who knows, but the price action over the past couple of days where it's back-and-forth may signal that, but by the same token i think the highs we saw a couple weeks ago on non-farm friday will probably hold maybe for the rest of the year so i think we're just kind of stuck here in the valuation range that everyone finds kind of comfortable. > > tim, always a pleasure, and you are priceless and ageless. > > thank you, angie. that ends our day-- but the curtain rises tomorrow with movies and money. our critic will be here to talk about yet- another film with a heavenly inspiration... from all of us at first business have a good wedensday!

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