dom back at cnbc headquarters with the latest. >> the xlf, the etf that tracks those financials closedn more than 1% today, but the invest the options pits was fev feverishly bearish. they traded for every single one call or bullish bet. in today's trade, the biggest one, someone actually bought 30,000 of the april 21 1/2 strike puts for about 30 cents each. that's nearly a $1 million bet that it will get even worse for these financials before next friday's options expiration. now, remember, next week we're getting earnings from the likes of other xlf component banks citigroup, bank of america, goldman sachs. others. next week very heavy overall for the banks and reporting season. could there be more pain for the banks? that's going to be the real key. >> how worried should we be as we head into another big week for earnings and bank earnings? let's get in the money and find out how. jpmorgan specifically for a while seems like jpmorgan really deliv delivered. >> we did a trade a month ago when the stock was about 59. what i was looking at the the time, the company had guided down. the

>>> we'll be right back. dom? where you at? he'll come back.. >> announcer: the "power house" is coming up. can you name the city? the birthplace of the internet. home to six fortune 500 companies. it also has the busiest port in the usa. [ male announcer ] it's here -- xfinity watchathon week, your chance to watch full seasons of tv's hottest shows for free with xfinity on demand. there's romance, face slaps, whatever that is, pirates, helicopters, pirate-copters... argh! hmm. it's so huge, it's being broadcast on mars. heroes...bad guys... asteroids. available only on mars. there's watching. then there's watchathoning. ♪ >>> my question of bill, if watching, launching these accusations. >> i'm launching accusations? >> what data do you use for price trades on direct? >> the direct feeds and the sip in combination. >> i asked a question. not what you use to route. to price trades in your matching on -- >> we use direct feeds. >> no. >> yes we do. let me talk. you had a 300-page commercial. so let me talk. >> ah, yes. high frequency trading sma

they might want to dom back in the -- come back in the lame duck, spring of 2015 and feel more pressure and it could be after the november elections, the republicans have a pretty good chance of actually taking this in. it's been 65% chance. and it could be that we see a senate controlled by the republicans, a house controlled by the republicans. in this realization that republicans need to do immigration reform and blunt this issue as a campaign issue. >> schieffer: what do they think over at the white house? do they think that republicans may actually capture the senate? >> they wouldn't say it here, but, yes, i think they do. and they're worried about it a lot. i think some weeks they're more optimistic than others. i think they see that as a real possibility and a frustrating final two years for president obama's term laying ahead if that happens. >> schieffer: i don't know what the question is, i would just -- (laughter) a los angeles clippers owner and this stupid -- if i may use that term -- remark that he is caught on tape saying. i understand a spokesman put out a thing and sai

i want to go to dom chu back at headquarters with the latest. >> so, this is the next chapter in theealer or no dealer saga with taesla. they have gone to new jersey and intend to appeal the ruling that new jersey put into place, banning tesla from selling cars directly to consumers. the rule that you have to have a dealership franchise agreement to sell cars in the state of new jersey. in this case here, tesla filed that notice last week with the appellate division. they intend to appeal this ruling. the next chapter in new jersey with tesla and of course the dealer franchise model. back over to you, melissa. >> not too much reaction in the after-hour session. we had a big move higher in the regular session, up 6%. and big news about sales in norway, which is tesla's number two market because norway hands out huge incentives. >> huge fan of norway. >> do you? yeah. >> i'm not goofing. on monday, we talk about tesla. and what we said was, i thought the stock had a short-term bottom. you could trade it because the news flow was such that it was probably the next round of news, is goin

dom chu back at headquarters with this. >> that's correct.rs are making bullish bets in big oil stocks. names like exxon, bp, or chevron. in exxonmobil, more calls than puts were traded today. bp saw a 3 to 1 call to put ratio, bullish indicator there, and in chevron more than 4 calls were traded for every single put option. a lot of the activity was in longer dated option its which suggests traders are seeing gains come later in the year. exxon and chevron report earnings next week. energy has been a hot trade this month so some interesting options action this time around in oil. >> thanks so much, dom. so the question is should you jump in on this bullish action. let's get to carter worth once again. carter, a couple weeks back i believe you said you liked the xle. it's set up well. do you still like it given the gains we've seen so far? >> obviously the best performing sector now for several weeks, in fact months in a row. what's interesting here is that the entire group represents 10.5% of the s&p, 55 names. yet three names are half the w

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sue, back over to you. >> dom, thank you very much. >>> there's been some deadly weather down south of here. a new line of tornadoes is expected to hit the south today. take a look at this video from louisville mississippi yesterday. storm chaser with hunting down the storms as they popped up. that's a very big tornado in front of the car's windshield. this is video now from columbus, mississippi, which is about 65 miles neeortheast of louisville. people were forced to take shelter extremely quickly. 11 people were killed by the storms in mississippi yesterday. the two-day death toll in the central and southern parts of this country has hit 28. the weather channel's carl parker now on what to watch for today. >> we are once again looking for severe weather today. a lot of the same areas that were threatened yesterday. let's begin with a look at the satellite picture, what was left of all those thunderstorms yesterday now moving down toward the gulf coast. a lot of cloud associated, but in the wake of that, a lot of clear sky, that means unstable atmosphere, and very strong wind aloft.

back over to you. >>> thanks, dom.n today's finance question of the day, the dow taking a big hit. what's your take on it? 44% of you say it would soon rebound. 23% say stocks will continue to go down. 12% say i'm waiting for a dead cat bounce. 21% say i'm sitting it out for right new. >>> all right. so what's the take on all of this volatility? joining me at point 9 are contributors kenny policy carri, abigail doolittle. and since you're right next to me, joe, what do you make of the volatility? do you feel there's more down side this market? we're in earnings season now. >> if you look at the vix, it's kind of low. perceived volatility is much higher. it's going to probably correct to the up side. we're going into earnings season, just as simone heard the voice of the lord, you need to hear the voice of the ceos and cfos. that's where you'll make money. the ones doing the job and manages the ship properly, those thoks will perform well, and those that aren't, sigh nara. . >> i think we'll see the dow play catch-up to

back over to you, sue. >> thank you very much,dom. let's head to the nasdaq.vers uptown for us. it's not a pretty picture at all. >> no, the nasdaq is underperforming, much has to do about the sell-off the internet stocks. as well as expanded capital allocation program, on to the stocks, weighs on the nasdaq. back to you. >> extra zane ka jumping today. pfizer going after the british drug rival, but forget about the big headline number. the big story may be in how much taxes pfizer could end up saving. sheila has a look at three u.s. companies that have been down this road. tell us about it. >> the fancy deal term is called inversion, so inversion of taxes, basically when a company buys another company, and all throughout that process can lower the tax rates. here's a bit of how it works. a company is based in the u.s., buys a foreign company, the u.s. company gives up its citizenship, and voila, they end up paying the foreign tax rate, which is often lower. here's the catch. it can add up to some meaningful savings. for example, when a mish ga dash elan, redo

michelle, back to you. >> all right, dom, thank you. 27 cents in after hours trading. thank you, david nelson. super helpful on the biotechs. be sure to tistick everybody coming up at 5:00 p.m. eastern time. the rest of the panel is sticking around. >>> bill ackman took a big stake in allergen. then he launched a takeover bid for the company. that's got cnbc's jim cramer up in arms. >> how does someone kind of basically know that there's going to be a bid and be allowed to accumulate stock. classically, that would be fraud money. >> is cramer right? that's next when we speak with former s.e.c. head harvey pitt exclusively. >>> also, talk about high on the hog. investors loving harley davidson's earnings beat. the stock up more than 7%. find out what's revving up sales when we speak exclusively to the motorcycle maker's president. >>> and then former minnesota governor jesse ventura going off on ceo pay. >> ceos, just because they're the boss, that doesn't mean they work any harder. you think they sweat more? you think they need a differ

back over to you. >> dom, thank you very much. >>> millions will file their taxes today, but many could surprise that they are the victims of identity theft. senior correspondent scott cohn is here with the story. >> and what it can take to unravel that. so you go to file electronically, but someone else has already filed in your name. >> identity thieves can target anyone, something i saw firsthand last year when two people attempted to get a fraudulent tax refund using my personal information. >> that's right. attorney general eric holder had his identity stolen last year. the crooks didn't get very far in his case, but the two men from georgia pleaded guilty to stealing at least ten identities. and collecting thousands of dollars in illicit refunds. if you have a local crackhead, get them to sign up for an electronic signing number, it's easy says one e-mail. another defendant responds, i just got to find a crackhead, now that won't be so far. one warns the more technologically plugged in you are, the more vulnerable are. >> having the technology, you know is like driving a ferrari g

dom nal injury. >> the attack brings back the pain of the deadly massacre nearly five years ago. 13 killed in what was the deadliest mass shooting infer a u.s. military base. sources say the gun was purchased legally in guns galore, the same store where the other shooter bought his gun in 2009. >> the commander is crediting a veteran officer about 20 feet from the suspect who had his hands up. lopez suddenly reached under his jacket and pulled out a weapon the officer engageed and lopez shot himself in the head. general mille says without those actions the casualties might have been higher. >> world news will have team coverage of the shooting including more on the background of the gunman and reaction from witnesses at the base at 5:30 tonight. >> a man was sentenced to 400 years for starting a shootout on an oakland freeway fours years ago. williams had an arsenal of weapons and had body armor telling investigators he was on his way to start a right wing revolution. >> a mystery in the south bay. police investigating a shooting death of eric mend doza, a young father they found the man inside of

dom with noodles and company. >> noodles earning 5 cents a share. this on sales of $90 million. light of expectations. noodles shares down about 7% on failure light volume. just about 11.5,000 shares have traded. back over to you. >> thanks, dom. brian, do you have a trade on this? >> not really. actually i think -- this is a tough one. you can only trade it technically if we can get a bounce above 35 and it closes above let's call it 36 tomorrow. then you might say they shrugged off the bad news. for now stay away. >> this has been a sideways trade for six months. these numbers are more or less what this company had expected. i don't think you run out on this one either. >> let's talk amazon shares rising slightly today. taken a beaten since last thursday. should you jump in, too? time for street fight. 90 seconds to make both cases. >> we could have extended that chart back to 2008. you would have seen a stock make a move from $44 all the way up to $48. it would have increased 1,000%. people were concentrated on revenues, not profits. now we're concentrated on reverse. that's not the case. services up 44%. that's where their company is going, to the cloud. as tim said, these guys are best in bree

back over to you. >>> thank you very much. dom. are turning 5r7 from consumer discretionary, they're piling into consumer staples. you still have to buy soap, toothpaste, and the classic memt they'll do better than the rest of the market during times, and we've certainly seen that. you've seen that over the last three months. if you look at the s&p 500 versus one of the staple etfs you have started to see this reversal. if you break that down even further, it's interesting to see the action, because tobacco stocks have been doing the best. >> why is that? >> a few reasons why. when it comes to tobacco, janelle yellen this week emphasizing low rates. we got that message. toe batto stocks do well in a low rates environment. so you have that. there's a lot of talk of m & a heating up in that sector. >> speculation -- >> about american, and reynolds. then the s&p 500, they're also relatively cheap compared to the others, because they had underperformed on talk of higher interest rates. so you have tobacco working, some of food stocks a

back over to you. >> all right, dom, thanks a lot. >>> when we come back it's the fitbit for the country'swer trading higher after its debut. how will it lower your energy bills and compete with google's nest? the ceo and founder will join us next. next. big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles. or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. >>> we look to the cloud for the next guest on the heel of the company's trading debut earlier this morning, opower leverages big data towards reducing energy consumption going

back to you. >> dom, thank you. >>> what exactly prompted google to create this new share class? bring in tom forte from an adviser group. tom, a lot of companies do it's. right? nothing wrong with it, but it's kind of weird now. what's your opinion? >> looking at google nowened a looking at the internet space in general, there's a lot of acquisition activity going on. google itself bought motorola, facebook because it's what'sup. instagram. google wanted to arm itself with a currency to use for acquisitions without diluting the voting control of larry serge and that's why i think they're issuing these class c shares of non-voting class of shares. >> end of the day, all. page and brim? didn't want to give up control or power, voting power, but free to create as many irshairsha sh as you like? >> a and b class shares from day one, one worth one vote, one worth ten votes. this is not new in that regard. the difference is, they're issuing a class of shares with zero votes. >> herb greenberg apparently is technologically ready, had to put on some pants. herb, thank you for joining us

back to you. >> dom, no doubt. doc, what are your thoughts on this?ry day there's a new development which appears to be a direct fallout from this conversation about high-frequency trading -- >> there's an article about high-frequency trading. it will be up on the website tomorrow. there are things to eliminate high-frequency trading altogether that would make it much fairer, and that's what the s.e.c. should be focused on right now. the fact that the tape coming from carter at new jersey has to transmit all the way up. that's ludicrous. everybody who's co-located there should get their quotes and the public should get them from that same source at that millisecond. >> it does appear to be that yesterday we talked with the ceo of trade station and now fidelity. it feels like you have more of an effort now to get in front of the retail investor and say hey, we're still looking out for you. still work with us. >> there's absolutely -- >> i.e., give us your money to manage or trade. >> right, but they certainly just want to make sure that the public know

after place a man -- after a 12-year stint in prison, don hedge way is back on the on the streets of london looking for redemption. dom way is rated r. for now showing, i'm jeremy roth. >>> la sinking the blues tonight. giants 7-2 route of the dodgers in los angeles. the giants out scored 15-6 in the fwoirs games of the certify east. felix hernandez took a shutout against oakland and seattle home erred twice on their way to a 3-2 win. >>> net predators put a dent into san hoe assist hope in the division title. the predators kept their slim playoff hopes alive by with back to back wins. >>> there's going to be a goon east sequel. i know you've been waiting. the director richard don er is telling tmz that it's in the works. he wants to bring back the entire cast. 28 years, they're going to be a lot older since that original cult classic was released. you can get many dee -- can't get many details on what's in store for the goon east. z that's it for kron for news at 11. stay connected with us. have a good night everybody. see you in the morning. >>> after the big announcement knew. i'm retiring. >> the question everyone

back to you. >> thanks, dom, very much. left, the dow holding steady with a gain of about 92 points. see how we do in the last few minutes. >> the yield on the ten-year, meanwhile, creeping in, not keeping people from huge deplanned for apple's bond offering. busy hour ahead. we'll get reaction to the nba planning the clippers owner donald sterling for life. sprint already withdrawing their sponsorship and will that make him reconsider and matt damon playing aqua man in the new "justice league" movie. >> that would be fitting. >> helping to bring clean drinking water to the world's forests. keep it right here. both of those guests coming up. . in a world that's changing faster than ever, . we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because

back to you. >> thanks very much, dom. the nymex. >> the number a little bearish we saw an injection of 49 billion cubic feet. a lot of traders here in the options pit were saying a number in the 30s would be bullish. we have seen lower than expected injections this time of year because we continue to see cold weather. we're seeing a little bit of a pullback slightly but we're more or less unchanged. overall, nat gas continues to be somewhat bullish for this time of year because of the fact that we continue to see cool temperatures. so we're not seeing that move into the warm temperature and the shoulder season injection just yet. hope springs eternal one of these days it will be open toe shoe weather. back to you. >> it is coming. shares of facebook all over the place, reported first-quarter profits nearly tripled from a year ago. here's mark zuckerberg on the conference call. >> we reached agreement to acquire whatsapp and oculus and announced new connectivity lab focused on developing technologies to expand internet acc

back over to you. >> dom, thanks. you guys think that even as momentum turns and there are a huge chunk of stocks that are under that mom umbrella that the rest of the market can just be fine? coast along. hitting new highs. >> what you're getting now, scott, is you're not seeing money fleeing from the market. you're seeing money coming out of momentum names like netflix and finding a home other places in the market. as long as that goes on, just i think it just makes common sense. the market is going to hold its gains. and we're going to continue to make new gains. so, no, i don't think there's any reason to say because netflix is down 25% the rick santelli of the markrest of the to crack. it could lead to that. >> the high speed trading debate rages on and everyone is looking for answers. here now to blake it all down is rich, principle at sandler o'neill. rich, welcome. it's good to have you on the show. >> good to be with you, scott. >> so, you know, the exchanges got lumped into this conversation in the lewis boo

back over to you. >> thank you very much, dom. >>> the market is higher for the third straight day andaday high. we've just moved marginally back from that so can the rally continue into the second quarter? let's bring in the chief market strategist from lpl financial and the president and chief investment officer from castle art management joins us. good morning. >> good morning. >> no doubt here, the party in the stock market is not yet close to being over. what will propel us higher in your view? >> earnings are critical, simon, the data we just got the ism is a great indicator of where profits are headed in the next six months. that suggests that some of the weather impact on q-1 is beginning to lift. the production component headed higher. that's critical. earnings getting into the high single digits. very important to sustain these valuations and keep the market moving higher in q-2. >> i thought at 53.7 ism manufacturing was a bit light. i mean, it's depressed from where we were surely. >> you're right. it's no longer in the 55 to 57 range that it was in parts of last year but e

scott, back over to you. >> dom, thank you so much. >>> when ipos are front and center, you've got maybeiest week since '07. another 14 this week. what do we think of this one? what do we think of that figuring into this discussion as to whether there's too much froth? >> well, if a big private equity firm is coming out with an ipo, and i'm the underwriter, i'm going to really make sure it works. so they didn't price this at the top of the range. they priced it, actually, below the range, if i'm not mistaken, which is troubling. look, i think it's okay for a trade. but we're not going to know for the rest -- for another week or so how it does. >> i think you look at la quinta, the prize action here, similar to hilton, something to the gain side, nothing exciting. but own the company that will benefit the most from this, that's a blackstone. >> and a lot easier to price these, by the way, judge, than a grub hub, if my mind, because you have direct compare son side by side with the other hoteliers, and i think people view that as a more stable business than some of the others that have com

back over to you. >> dom, thanks very much for that.n figure, more on intel results in just a few moments with the company ceo stacy smith. quick reaction from the panel. 59.7%, again, a company where as we make this transition from pcs to mobile, the real question becomes can they maintain this incredibly profitable business model that they have built? marcus? >> the margins are coming from the corporate side, looks like cap x in the first quarter seems up. the only part of their business with an uptick. those businesses have a lot of client services and consulting that comes with very hefty margins. >> before we get more reaction to that, let's give you another big tech bellwether. also out with earnings, hitting the tape. josh lipton hitting things. josh? >> yahoo! reported the street was looking for 37 cents on 1.08 billion. yahoo! reports 38 cents on 1.07 billion. looking through display revenue x tack, yahoo! reports 409 million, better than what some analysts were looking for, consensus for around 391 million. search revenue x ta

kelly, tyler, back over to you. >> dom, thanks very much. the floor because it's getting pretty crowded. >> getting crowded and loud out there. >> 12 minutes to go to the close. take a look at markets. still looking at record highs for the dow. strong gains across the board. i shouldn't say too strong. only up a tenth of 1% when all is said and done, tyler. we'll see what happens. >> and the buzz is building here at cnbc headquarters as the final preps are made to ring the nyse closing bell from right here on our floor. it's a big day. >> i love it. alan greenspan is going to spend some time with us to muse over the last quarter century, and the biggest regret of his tenure as fed chairman. plus, international paper's ceo with his view on the economy, hiring and if china truly is becoming the world's biggest economy this year. we'll be right back. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals

back. >>> hitting the theatres this weekend the return of captain america and the immoral criminal dom hemmingwayremy roth has what's in theatres right now. >> chris evans is back as captain america in the second installment of the super heros series. >> this is how it ends. everything goes. >> the film finds the captain continuing his fight to embrace the modern world, the winter soldier. >> captain america needs my help. >> this time around the falcon joins the captains ranks to fight the enemy. >> when do we start? >> we just did. >> captain america the winter soldier, is rated pg13. jude law plays the title character in dom hemmingway, a wise guy with a short temper. after a 12 year stent in prison, hemmingway is back on the streets of london looking for redemption. along the way he reconnects with his family but is soon pulled back into the only world he knows. dom hemmingway is rated r. for now showing i'm jeremy roth. >> fans of the goonies may be glad to hear there is going to be a sequel, the director richard donner told tmz that it is in the works. not only that but he wants to bring th

kell, back over to you. >> dom, thank you very much.eat move by hlf to suspend its dividend and buyback shares. it accelerates the return to shareholders. confirms confidence in the future. let's see if his comments are echoed by herb greenberg, cnbc contributor who we bring in now. looking through the results now, herb, what do you make of it? >> if you were just looking at this from a headline number perspective and suspect if you want the buyback and prefer that to the dividend, wow, heck of a quarter and i keep saying with the under and overlay with everything else going on, whether the company had missed, beat or exceeded expectations, you would just say or just met expectations you would say it doesn't matter because we still have to see how these numbers are generated and whether the business model that they were generated by is a business model that can be sustained once the investigations are over. >> so, herb, what you're saying, we still have to see. do we have to see what happens from the federal government's point of view,

back over to you. >> yeah, dom, thanks. great. dick says he's not concerned.l, the chart says that the market is. weiss, what's your read here? user growth is a huge concern, apparently, today. cramer made a statement this morning that there's no clear path to profitability. i think it's a fair read of the situation. what do you do? >> i agree with that. and i put in my playbook momentarily, was turned out a nice trade, took it out, because it felled. this is a momentum stock. at the end of the day, that's what it is. you cannot just buy valuation. the company's missed first two quarters out of the gate. that should be a death blow for any company that they can't guide the street appropriately, when you have the best look you'll ever have because of the filings. so look, i don't think it's going away, but i think it's still going lower. i think the faddish part of twitter has sort of wavered, and it's good for some things, but it's not good for a lot of things, 140 characters. and it's just an angry marketplace there. so why not go to facebook where you're fac

scott, back over to you guys. >> dom, thank you very much. >>> autos and airlines reporting earnings, but which runs are a buy or a sell? the traders are revealing favorites. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. everything looking good. ♪ velocity 1,200 feet per second. [ man #2 ] you're looking great to us, eagle. ♪ 2,000 feet. ♪ still looking very good. 1,400 feet. [ male announcer ] a funny thing happens when you shoot for the moon. ahh, that's affirmative. [ male announcer ] you get there. you're a go for landing, over. [ male announcer ] the all new cadillac cts, the 2014 motor trend car of the year. bulldog: [yawning] i can't wait to get to mattress discounters because the tempur-pedic bonus event ends sunday. choose $300 in free gifts, and, get up to 48 months interest-free financing with any tempur-pedic mattress. ♪ m

back over to you. >> that would be a fascinating one to gauge. domhe nearly 200,000 added to payrolls last month, an encouraging development but my next guest says there's still a big problem in the labor market and it centers on getting the long-term unemployed back on the books. he's alan krueger. the interesting thing about today is there was actually some good signs for labor force participation. do you say don't buy it, don't believe it, it's not going to last? >> no, today was a solid report, and i think it's part of the picture of the labor market gradually healing, but we still have a severe problem of long-term unemployment. >> and this has important ramifications for what the federal reserve does. explain that. >> well, the federal reserve has a dual mandate. they want to maximize employment and they also want to stabilize prices. at the moment inflation is too low and unemployment is too high, so it's pretty clear the fed should be accommodative. but at a certain point they're going to start to be concerned about perhaps the economy heatin

sue, back over to you. >> sure is, dom. also a big day for mannkind.res soaring after an fda advisory panel recommends approval of the company's inhaled insulin treatment. joining us for a cnbc exclusive interview here at post nine is mannkind's cfo, matt pfeffer. welcome. congratulations, a 75% move or so in the stock is quite an endorsement at least by some investors who own the stock. tell us about the drug. this could be life-changing for people with type 1 or type 2 diabetes. it's basically like a little puffer. >> it is. i brought the device with me. >> excellent. >> it's a very small device. most people compare it to something like a whistle. it holds a cartridge of insulin on the inside. you would change that, one huff per meal, usually, take one inhalation and you're good to go. it's a very simple, discreet, easy to use device. it also offers a lot of additional advantages that we are quite happy awith. >> it also, you take it before a meal or as you start the meal, but one of the facts that i thought was interesting is that it gets absorbed i

back to you. >> thanks so much, dom chu. >>> we want to talk about the bond market. rick santelli is at the cme with more on that. rick. >> reporter: well, it was interesting, wasn't it? now let's put a couple of things in perspective. the first thing is we closed early. so the cash market just closed. an hour ago the futures closed. three-day weekend, and stocks have righted themselves. and i've thought all along that the best reason to hold treasuries for 2014 would be if you didn't want to hold stocks in 2014. geopolitical, i'm glad dom brought it up. because many were trying to put forth the notion that yields were lower and prices higher because of geopolitical issues. and maybe they are still to a certain extent, but i don't see that. that news is what changed. we're basically at two-week high closing yields pretty much across the curve from 5s to 30s. >>> all right. rick santelli. rick, buddy, thank you very much. if we don't talk to you, rick, have a good easter and a good, long weekend. we'll see you again. >>> thousand to seema mody at the nasdaq. technolog

>> guys, we've got to back it up here. the point that dom made that hit at the top of the show is what you have to focus on. the ideas that the league is damaged. the league legally has more rights and abilities than it just if donald sterling damages the value of his own team. that's what you have to focus on. driving down the value of the clippers, which, by the way, have gone up many fold since he bought the san diego clippers for $12.7 million 20 some years ago. we've heard they're worth a billion minimum. he'll make a huge profit if they force the sale. i've spoken to some people here who find that offensive. if the league is able to strip him of the team that he would do so at a great profit. what we have to focus on the is damage to the league, then the league has more legal power, according to about eight attorneys that are involved in sports law that i've talked to here in the last 24 hours or so. that's what we need to focus on. >> dom? >> brian, that is a good point. if the nba can show that's been irreparable damage down to the o

back over to you. >> i think you're absolutely right. dom. we haven't even really scratched the surface of what's happening. drug giants novartis and dplax osmith klein struck a $20 billion dial to trade their assets. gsk gets the majority of novartis' vaccine business. big plays that could ultimately reshape the entire industry. barbara ryan has ways to profit from some of those changes. nice to see you again >> nice to see you, too. >> mr. ackman teaming up with valeant kind of changes the deal landscape. is this an indication that the m av & a may change? >> we have seen a trend of active investors being more broadly involved in long-term transactions and strategic investments. certainly this, you know, is a compelling and striking example of that. i think the other is last year we saw $77 billion in m & a transactions in life sciences. the average deal size was up 49%. we're clearly going to blow through those numbers against this year. >> so talk to me about the consolidatation that's going on in the industry. you know, it seems to me th

carl, back over to you. >> dom, thanks a lot.cnbc's created a list of the 25 most influential and transformative people in business in the last quarter century. earlier today, we revealed that list and how they were ranked. all day long on cnbc we're telling their stories. reported by tyler mathisen who joins us back at hq. >> thanks very much. tough, competitive, with a bristoling dare i say electric skl intelligence, perhaps the most iconic ceo of the past quarter century, studied in business schools, imitated by successful business people around the world, he's also number 12 on cnbc's first 25. ♪ >> he's the quintessential celebrity ceo and a business icon. jack welch wrote the book on leadership on how to wake up a sleeping corporate giant and books have been written about him. more than 25 of them, all trying to explain the welch way. >> i don't think you can take a ceo and teach them some of the things that game naturally to jack. i think he was born with those gifts. >> "today" show host matt lauer has known welch since 1

back over to you. >> certainly is, dom, thanks very much.ore on the wells fargo earnings beat we're joined by tim sloan. >> he's chief executive officer of wells fargo, or at least until may 15 and also a member of cnbc's global cfo council, i guess, at least until may 15. you'll run the wholesale banking group for wells fargo, right, tim? >> that's correct, bill. >> congratulations. >> thank you very much. >> bill, you mentioned -- >> i'm sorry, go ahead. >> what were you going to say? >> well, you mentioned earlier that it was our 17th consecutive quarter of earnings growth, and we're very, very proud of our performance. it was also our 12th consecutive quarter of record earnings, and, you know, our earnings at $105 a share were up 14% year over year, and we were able to achieve those results on just the fundamentals of our business. we focused on our customers and we would grow loans, up 4% year over yore. grew goes deposits up 6% year over year and focused on oh, -- on expenses and obviously our secar plan was not objected to and we plan

hank aaron took his dom pair son of the republican party further by saying this. backy have neckies and starched shirts. michael eric dyson, professor of sociology at georgetown university and political analyst here on msnbc joins us tonight. professor, good to have you with us. >> great to be here, ed. >> you know, when i first read this story, i thought, you know, hank aaron, god bless you, it's about time. the president is now talking about how he is the most obstructed president in american history. what is your reaction to hank aaron comparing the republican party basically to the klu klux kl klan. >> look, hank aaron earned every right to speak his mind. this man, 8 0 years old prk the 40th an investigatory of historic feat of besting babe ruth, and he was subject to all kinds of acrimony and racist assault for simply trying to move that he was the best and to show excellence on the field. if that's his perception, we have to acknowledge that. he's been a forthright social activist, and he's seen the comparisons and he know what is he's talking about, between the

dom, look at the markets come back. what's going on? >> crazy, right, bill?ing that slow grind down towards negative territory and rebounded right back again. the dow, 16,184, only 20 points away from the day's highs on the dow. if you look at the nasdaq, s&p 500, it did briefly flirt with negative territory but back up on the day. what's interesting here, bill, look at the sectors driving the s&p 500 performance, technology, energy and material stocks. three sensitive cyclical sectors on the rise. the laggards still in the green are telecoms and health care sector. the cyclicals certainly leading the way higher. back over to you. >> joining me to talk about the markets, crazy market right now, bob gelfon, traders love this market. what about money manageers? do you like this kind of volatility? >> we don't. more long-term types of traders and sometimes that can create opportunities, do. >> has this selloff created anything that you found? >> i think that with fed policy being continuing's for as far as the eye can see it will put a floor under the stock pric

the do dom committee today they voteed to holder in in contempt they could still come back and make a deal, and have her testify, this does not stop those discussions. it does move the ball forward it helps our civil case it puts pressure on lois lerner. neil: the issue yearl ear, why did it take so long to get this committee, and committee yesterday to take this action almost a year after miss lerner pled the fifth? were you working on a deal? did it fall through? >> we were working on it we've interviewed multiple witnesses we. we have viewed her e-mail uwe know after she said i broke no laws, i have done nothing wrong, shshe had. because her own e-mails bear went to the false -- bear witness to the falsehoods she told the committee, it was time to address the issue of contempt. neil: you said you were working on a immunity deal from miss lerner, people around her, that fell through or what? >> i said, that we were interviewing people, reviewing her e-mails whether or not there was a discussion about her receiveing immunity even i don't know. neil: i see. bottom line, i am no lawyer

back on monday. have a great weekend and a great night. >>> tonight an unusual encampment >> we have live dom mer 7 onin the courtroom a juror's change of heart delays a decision on a county supervisor. >> and san francisco zoo workers sound the alarm. and an alert system that doesn't seem to work. >> fields of green tonight from a rain storm that turned out to be pore than just april showers good evening, everyone. >> we should be clear of the first wave of the storm but there is more on the way this weekend >> yes. today's rain made a mess of the commute this, video shot on interstate 280 and the storm left a healthy new layer of snow on the sierra. travel restricks have been lifted chains are still required on highway 50. turning to doppler 7 hd. spencer? >> interesting weather in the bay area and beyond. now, we're looking at live doppler 7 hd. showing showers tapering off. heavier activity moved well east. north bay, we're getting increase now in showers. showers redeveloping over parts of sonoma and napa counties and santa rose yachl a wide area of showers reaching south ward towards petaluma, e

back over to you. >> all right. hang around with us, dom. and we'll be rejoined by bob pisani.e in the building. looking for answers here, bob. yesterday was a blip higher because the fed minutes were published and people saw reason for cheer in that. and yet today, the bottom drops out. why? >> well, look. look at the jobs report. a short while ago. we saw a decent jobs report but not a great one. and the bears had been pushing the argument you've got to have oxygen to keep the fire going. stocks are at an all-time high. show us the evidence of dramatic improvement in the economy that would be necessary to really push stocks even to a higher high and the bears have been saying we don't have it. i think they have a valid point, and i think we do need to get better news. i do think it's coming. but right now it's 50/50. >> dom, what do you think is behind it? we do have a tax deadline coming up. it could be a little bit of that. it could be people taking profits in a market that's becoming more predictable and more volatile. what do you see? >> you know what's interesting, while

and boilston street which is a street where people can go back and forth very easily that have a lot of fro dom and access to that area, that was closed by noon. no more pedestrians were allowed on to that street. to the annoyance of some people who were trying to get on from nearby newbury street. like adam state, most people understood this is what it has to be like. so it was very, very tight in terms of where you could walk. that's not the kind of marathon most people in boston are used to. and i done know if that's what is is going to look like next year. it will be interesting to see if they replicate this. but i think the police really feel like this was the way to handle it and most spectators agreed with them. >> maria -- >> adam, go ahead. >> i'm sorry for jumping in. i was going underscore, to have boilston street closed off i believe from the boston public garden to massachusetts avenue, that's a big deal. i was trying to connect with my cameraman earlier this morning. and it took me a good 45 minutes to basically do the equivalent of crossing a street in two minutes. now that's not

back over to you. >> thank you, dom. don't have transportation available. here to explain is the president and founder of the detroit bus company along with the rest of the panel. andy, welcome. and congratulations by the way on the startup. is this a bus company or is this a ride sharing kind of things? explain it for us. >> yes. so we're a bus company. we own and operator our own buses. we want to control the experience from the top to the bottom. transit has been a lacking thing in the region for a long time. we want to bring some class back to it. >> andy, how do you charge for your services? is it like a traditional bus? do you sell tickets. people pay? >> most people ride it completely free. our big front is the youth transit alliance. so everyone gets to ride that for free. that is a youth transit program. because the kids are really the focus. the only way to rebuild the neighborhoods is give these kids an opportunity. so we're building from there first. >> you know, andy, have you found that there's a lot of thi

back over to you. >> all right. thanks, domning out to buy a tesla, thanks to a new state law. today is the last day you're allowed to buy a tesla car across the entire state. the fight is over, but what's the next battleground between tesla and the auto dealers? the chairman will tell us in a moment. >>> first, rick santelli, what do you have your eyes on today? >> i'm sure there will be a flood of people buying the teslas. we're going to talk about april 15g9. there is a significance to april 15, and i'll tie it into a bit of maybe the one percent. we'll have some fun after the break. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. ♪ ...work

back over to you. >> the debate got second legs this morning, dom.ine for tickets are for the ncaa final four, there are still a number of affordable options for fans looking to get into at&t stadium. otherwise individual tickets to the saturday or monday sessions are reselling for $600 to $650 each. it's great to have you back, jack, good morning. most expensive since when? >> since ever. >> since ever? >> yeah. in the five years we've been tracking final four tickets, the most spedgeive final four ever. >> is that a function of the quality of the teams? the marketing by the ncaa? what would you -- to what would you attribute it? >> it's partly that. it's partly dallas is a very easy-to-travel to city, a lot of flights this, cheap he teoeffe it's a premium seating and with high ticket prices. >> since the capacity is relatively good, it could be higher if it were held in a different city. >> the flip side because it's so big there are cheap tickets on the bottom end. if you are trying to go as cheap as possible, you can get in for face value, about

back. >> as an afghan woman, i've come to cast my vote. i ask all afghan women to come and vote. >> the police are providing us with security. happily we have dom cast our votes. >> if no candidate wins more than 50% of the vote, a second round must be held between the two top contenders. results will not be known until mid may. the new president is unlikely to be in place before july and august. there are an estimated 12 million voters, and around 12 million voter registration cards are in circulation, raising concerns about fraud. there's 6,800 centres. for many casting a vote, it was hours travelling. >> let's go bernard smith, standing by in kabul. how is the big day shaping up? >> elizabeth, it's pouring with rain, we've had thunter and light -- thunder and lightening and the threat of taliban violence. kabul is almost locked down by security forces. despite all of that there seems an enthusiasm to vote. there has been long lines at polling stations. people getting drenched. taking a turn to vote. the first time in 5,000 years there'll be a democratic transfer of power. many afghans want to be part of that, despite the taliban's threat to