alvin barclay. >> alvin barclay who was majority leader of the senate. it was taken in the early 1940s, i think it was taken by a press photographer, and pictures are banned in the house chamber, and pictures hike that are the reason why it is. alvin barclay and the man in front of him, democrat of tennessee, and behind him is j. hamilton lewis, the whip of the senate, from illinois, but barclay had been instrumental in having kenneth mckeller brought from his hotel apartment in the mayflower up to establish a quorum to cut off a filibuster. and mckeller realized, didn't know, that's why he was being brought up and he was very angry at alvin barclay and this is in november of 1942. and as a result, he made it clear to anybody that listened, including president roosevelt, that alvin barclay's desire to be on the supreme court died that day. he would -- he would filibuster that nomination and so it never went forward. so, there's smoldering tension between those two gentleman who are sitting there so calmly on the senate floor. >> what's that? >> this is a

barclays beats. santander q1 better than expected. but deutsche bank has been hit by a one off charge. >> and in japan nintendo promises to regain its shine this year after posting its first annual loss in more than 30 years. >> welcome back. you're watching "worldwide exchange." great to have you with us. let's go ahead and take a look at the u.s. futures and see how we're poised to open on wall street. we've pulled back a little sense i first checked the numbers, but the dow looking higher by 14, the nasdaq slightly under the flat line and s&p 500 higher by just about 2 points. this after we saw solid gains for stocks yesterday on some good earnings and a muted reaction to the fed comments that came out. of course we had the apple numbers and the reaction to that, the nasdaq snapping a five day losing streak, the best day since december 20th. and we saw the s&p tech 500 logging the best day in five months, as well. so positive day for stocks yesterday. we'll see if we can continue that momentum tod

it could have to be said that barclays has gone up in recent months but even though -- they say there's not at true reward for them and it pales into comparison to what the chief executive bob diamond is receiving. >> now also there is a lot of anger there around the wider issue of executive pay. we've heard from the chairman today. he's been drying to defuse some of that want what's he actually been saying? >> his agents have said today in the meeting it is really -- he has apologized, saying there's been bad communication about the renumeration policy at the bank and he has promised investors higher dividends in the future. how that will go down we'll just have to see. the shareholders will be voting on the new rates. later, expecting a result in a few hours. but from the anger that they expressed outside, it's still likely there will be a significant result. >> more from you later. thank you, susannah. we'll keep an eye on all of that and see how the votes are counted more. >> thank you very much, ben. pakistan has one of the largest populations of street children in the entire world

equities at barclays capital., it seems europe crept back on to investors' radars. is that warranted? we see the spanish ten-year yield go up above 6%, is that something u.s. investors can tangibly be worried about? >> that's right. it's interesting. if you watched what happened to the volatility markets through the january and february time period, as the vix fell sharply to a post crisis low as recently as three weeks ago, downside puts skew cheapened up a lot. term structure normalized, correlation fell. almost as if investors took that contagion risk from europe and assumed it's gone, set it aside and forget about it. that was never likely to be the case. banking system has three issues in europe. it's undercapitalized, unbalanced. they have liquidity and funding problems which the ltro goes some way toward resolving. there are serious flaws. there are problems for senior creditors and equity holders. assets haven't stabilized because the growth outlook took a turn for the worse in march and europe. sovereign

. ♪ meet cathy, who's lived most verywhere, from zanzibar to barclay square.ut patty's only seen the sight, a girl can see from brooklyn heights, what a crazy pair! ♪ cathy: oh my, patty. did you find all your files? patty: finally! who knew it would be this much work when richard and i decided to retire! cathy: well, what are you going to do first? patty: we're heading down to brooklyn heights and start in on that social security paperwork. cathy: why would you do that? patty: what do you mean? cathy: it's so much easier to log onto socialsecurity.gov and file online. patty: what if i need to know how much money i'll be getting? cathy: online. patty: what if our address changes? cathy: online. patty: what if i want medicare too? cathy: online. patty: so, how did you get so darn smart anyway?

and forcing barclays to have onus conditions, saying that they held the balance of power and is shifting of some of the biggest and banks. a member of a punk band being driven to court to face charges after the group performed and type putin protests at an orthodox cathedral. -- anti putin protests at an orthodox cathedral. >> are headlines this hour -- amid evidence of continuing violence in syria, the head of the u.n. has called for the international monetary mission to be rapidly expanded. >> further violence in bahrain ahead of the formula 1 rahm 3 -- graemnd prix. south sudan says it does not want a war with saddam, but it is looking like it may well get one. -- of war with sudan, but it is looking like it may get one. tension has mounted dangerously. >> troops still controlled this vital oil field in the most difficult conditions. they say they will not be forced back, despite being attacked by the air. militarily, it may be prospering, and the aggressive occupation has been popular, but diplomatically, south sudan is on the backs of. they say they will withdraw troops obligations

barclays noting oil volatility lowest since about 1985.ng on to the gasoline complex, barclays saying gasoline could see first year-over-year decline since 1985 for the month. see exactly how that shakes out. back to you. >> thank you very much. and a hot mid cap stock in a big deal today. sxc health solutions buying catalyst in a deal for about $4.4 billion in cash and stock. catalyst had a good run already up about 30% on the news trading at all-time high levels. sxc has been hot as well up more than 50% this year. this deal follows another big one in the pharmacy benefit management space as express scripts recently reached a $29 billion agreement to buy medco. joining us now is ceo of sxc health. mark, thank you very much for joining us on cnbc. was your deal for catalyst in direct response to that express medco deal? >> no, it wasn't. there are a lot of things going on in our industry right now. pretty big dislocations. we've been doing this roll up in the middle market as part of our strategy for years. we weren't really reacting to t

are you saying that companies like goldman sachs and morgan stanley and barclays have as much to do with the price of oil going up as exxon or shell? >> oh, absolutely, yes. i tease people sometimes that-- you know, people say, "well, who's the largest oil company in america?" and they'll always say, "well, exxon mobil or chevron or b.p." but i'll say, "no, morgan stanley." [ticking] >> coming up... >> is there price manipulation going on? >> i-i can't say, and the reason i can't say is because nobody knows. our federal regulators don't have access to the data. they don't know who holds what positions. >> why don't they know? >> why don't they know? >> yeah. >> because federal law doesn't give them the jurisdiction to find out. >> that story and more when 60 minutes on cnbc returns. [ticking] [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas

barclay's downgraded the stock. they still have ads 115 price target which plays into what pete is saying. sometimes stocks are just sort of no touches. now, if you want to short netflix, i think what you're betting on is that for the short-term, at least, the s&p has popped out at this 1425 level that we've talked about a number of times. so i think you need a couple of things to work in your favorite in order to be short netflix here. personally, i'm sort of in pete's camp. i think it's a no touch at these levels. >> that kind of plays into the apple discussion, right? depending on where the s&p 500 goes, depending on where you think apple would go, right? >> not necessarily. apple has sort of been -- apple seems to do well on lousy days. apple seems to do well on great days. it seems to have a mind of its own. it seems to be growing into its valuation. douggy cass put out a note today. i don't know if it's going to get there. i don't know if it's going to be a $1 trillion market cap. what i know is if you just lo

equity portfolio strategy at barclays. thanks so much for joining us.t are you seeing happening here today? >> well, we think that there's a series of issues. the real catalyst for all this from our perspective clearly was friday's payroll report. if you put that in the context of chairman bernanke's recent employment conundrum speech and how he was less than confident that, you know, that the labor market was really sending the right signal about how strong the economy was, friday was a real wake-up call. because from our perspective, the equity market was definitely giving the benefit of the doubt to the labor data. right? i mean, if you think about the strength of bank stocks, consumer discretionary, the retailers, they were really pointing towards a robust growth rate that just pointing towards a robust growth point except for the labor market. >> do you think the decline we're seeing today is different? are we indicating that this is going to be part of a bigger correction? >> we think so. we've actually been talking about april showers for better

get to gary archibakaminsky. >> i want to mention barclays.capital markets, good friend of mine. has been on this program. been with us many times. and given viewers great advice. i can't to congratulate larry that he'll assume a new position over there at barclays. based out of new york. it's very interesting in the press release they say barclays is operating in an environment of significant regulatory and market change. we must remain disciplined and coordinated as we continue to gain momentum. larry will work with all of our businesses and regions to ensure alignment between intermediate and long-term objectives. this is a new position over there. i wonder if in fact you'll see other investment banks decide that in this new regulatory as well as being conscious of the client in terms of conflicts, if this is something other banks decide to do as well. good position for larry. i congratulate him on it. >> thank you very much. bob pisani has joined us here on post nine. they say selling may go away. what do they say about april? >> april is

investors force barclay to set tougher bonus conditions ebb leads the finance times, highlighting howe balance of power between shareholders and managers is shifting at the world's largest banks. and moscow times show a member of the bunk group percy riot being driven to court after facing charges of hooliganism performing anti-putin protests at an orthodox cathedral. >> you're watching newsday on the bbc. >> our headlines in hour -- amid-evidence of continuing violence in syria, the head of the u.n. has called to the international monitoring mission there to be rapidly expanded. >> the violence in bahrain ahead of this weekend's formula one grand prix, a card-carrying member of the india team was caught in street battle. 16 members of an amish community in the american midwest appeared in a federal court on charges of being involved in beard and hair cutting attacks against fellow amish. prosecutors say members of a compound in ohio under the leadership of sam mullet, breakaway amish bishop, carried out five assaults between september and november last year. all of them pleaded not g

in europe, the european banks, most of them were saying and there's a barclay's report on this, really excellent analysis shows that the european banks were saying even during the depths of the recession that theirsy sets were getting safer. that just can't happen. you really cannot rely completely on bank judgment and models to do this. we feel strongly there need to be some hard and strong parameters. minimum capital cannot be below x. your minimum coverage debt cannot be below x. there was another framework that uses that same approach. you make a good point that the 19 banks it's necessary for different banks to be measured differently. we'd love to be able to put all banks on one grid and figure out how it works. if this is important for these banks. why don't we have a process and particularly one that's public for all the rest of the banks and one of the issues we struggle with is the fdic does have a list of banks that are in danger, but that's not public usually? >> right. i think the troubled bank list is really banks that really are in trouble. they're given close attention

amazon, apple, barclays global. why are they hiring now? what are they looking for? >> in each case, something different. any of those high-level skills. but the companies in general are looking for those bachelor's level graduates with great leadership skills, communication skills, analytic skills. there's lots of other skills they're looking for as well. >> how about on your campus? rutgers. are you seeing more recruiters? >> we are. i think across the board, universities are seeing an uptick in campus recruiting, so this is really good news both at the graduate and undergraduate level. >> how geographically? are there certain areas of the country that seem to be the bigger hot spots? >> well, it's going to follow the industries, right? the industrious that are hot right now who are hiring and where are those companies located. so in finance, of course, it's great to be in new york city. if you're in i.t., great to be down in california. the usual suspects. >> and of course the grads, new grads want to know what kind of salary expectations to have. a lot of them ar

sweet is actually gaining slightly while brand is losing value there was an interesting report by barclays capital on wednesday it's analysts seem to think that branch will continue to gain in value this year while the w.t. i will go along where what it's essentially that means is that the spread between these two most widely traded contracts will remain there for years to come and one more story for you growth in emerging markets is speeding up despite weak demand for their products in the developed world has b.c. index of business conditions in developing nations rules to more than fifty three points in the first quarter a reading above fifty indicates an expansion rebound in manufacturing and growth and service sector economy drivers with russia and china blogging behind brazil and india now that's all the latest from the business desk there for you i'll be back in about an hour but if you can't wait that long you can always log on to our site it's called slash business start session always a pleasure thanks very much. still to come here in our headline. and then the kaiser apportioned

twelve days ending in picture ace another neil neil though would put a seam allowance and that makes barclays game plan straightforward. as well but the most important of all i think this is the most important game so far this year because if we want to remain in the champions league we need to win this is a final nor room for mistakes and it is difficult to manage stars because we score first we need to persist and score more goals with a run the result yourself in every single moment so you don't need to attack a lot but also remain vigilant in our area. but when i got another taste of the new camp during a training session on monday the last time they were here was in september when they treat c c with barcelona in the group stage and their captain is demanding another brave performance from his team mates. to morrow's game will have to be pushed the courage because that is you only way to face barcelona the face them one needs the game position of the ball and all the rest comes in second place to come to the stadium and face barcelona with bravery is the first thing to do in football to

to forty seven percent a year ago and i was in on something completely different which took about barclay for a minute or two now i probably i.p.o. could take place in the russian market. because his top spot to my maker also says that they are prepared to offer up to ten percent of their shares the company estimates itself around one hundred million dollars. so that's a long visit but this hour give you the latest update in about fifteen minutes time terry ok thanks very much that's the business is up next large. wealthy british style but it's not i'm not surprised to find.

inventories are on the rise which one of these is why crude was low were on thursday morning and of course barclays capital came out with an important mill to sensually saying that it expects brands prices this year to continue rising while the w two i going down essentially saying that the spread between these two of the world's most traded contracts two of remain intact for years to come and now staying with the energy sector russian oil major draws near asked and a gas producer i chair i have received green light from russians and time off leave watchdog to join forces will create a gal's joint venture which goes it's the leases will be set up as a border rosneft will get a controlling stake in i tariff in return for answers to gas deposits elysee within a few years the joint ventures production of match that of the country's second largest gas company nov attack. and that's all the latest from the business desk this hour will be back in about fifteen minutes but you can always find a lot more stories on our site it's business it's r t dot com slash business affluent and thanks very much indeed

companies and that's compared to just forty seven cents a loss as something i love to talk about is that barclay we're going to probably i.p.o. and it could take place in the russian market. this month the country's top sparkling wine maker. says they are preparing to offer up to ten percent of. the company estimates itself at around one hundred million dollars. and i k. so that is the markets for this hour i'm going to fifty five minutes i'll keep chains of these screens as we are placing these figures for you. ok so this is with casey. this quarter is still ahead in the continental a hockey league scotia pieces but out of the two little results from losing four straight games to moscow side to moment with details and start fifteen minutes without your radar the headline status. if it makes commission dates in the me oh just a one to chile execution date is enough in a battle for life if. you know more than fifty percent of the people who are actually in texas are not. why you know live in north afterwards right. because it's like you know we execute our convicted capital murder we have the hig

proposals to ease concerns over its nuclear program later in the week and the other interesting thing is barclays capital came out with a report on when's the essentially saying its experts expect a brand of prices to continue rising this year but the prizes they say will go down this year and next essentially saying this spread between these two most actively trading contracts to remain intact years to try and l. speaking of oil russia's oil major rosneft and gas producer i terra have received the green light from russia's anti-monopoly watch on to join forces to daily says rosneft will get a controlling stake in i taro and return for access to its gas deposits analysts say within a few years the joint ventures production could match that of the country's second largest gas company nov attack. and now let's take a look at the currency markets as you can see there the greenback is losing value against the euro and to the russian ruble was actually gaining against the major currencies and the euro and the dollar on wednesday we'll bring you all the latest there figures as soon as the russian marke

however, larry can for from barclays noticed in the last "closing bell" appearance that we are not inenvironment for the fed to engineer another round of qe. >> when you see the u.s. growing 2.5%, generating on average over 200,000 jobs a month, that's not an environment where the fed is going to take another stab and engineer qe 3. >> so are the prospects of qe 3 still unlikely? will further clarity come out of this meeting? larry can for joining us. let's talk about your expectations for this two-day meeting. larry, how do you think this plays out? >> i don't think there's much chance for a change in the statement. but this is a period where the fed issues new forecast for unemployment and inflation and they seem a little out of date. i think they are going to have to increase their inflation forecast. i think some members are going to bring forward their expectation for the first feds fund rate hike. i would expect to see a selloff at the short end of the treasury curve and this could hit stocks a bit, too. >> you think we'll see a selloff? >> i do. >> tobias, how do you want to be

barclays downgrading the stock. >> this is one of the great battleground stocks.'t like to play in battlegrounds. why? because we are like this. we did come down where they raised the money. they bought stock, sell stocks. my big problem with netflix is that the options are so bountiful now. i don't even think of netflix. i just mail my disk in. call me old fashioned. but i do go to amazon now for my shows. they're not getting the binge viewing that everyone's talking about. i'm not wrapping them up. amazon! >> the price target on this one is $115 right now. >> the opening bell being rung this morning by our own art cashin. we'll explain why. >>> coming up, a cnbc legend will be ringing the opening bell. >> i've been here for nearly 50 years. >> art cashin will get this day under way when "squawk on the street" returns. [ female announcer ] the sun powers life. ♪ and now it powers our latest innovation. ♪ introducing the world's only solar-powered home energy system, which can cut your heating and cooling bills in half. call now to get up to 1,375 dollars in rebat

told you about a shareholders meeting at wells fargo where there were thousands of protesters now barclaysthe same problem. they give $1.1 billion in dividends, and took $1.1 billion for executives. here is the quote of the day:

the downgrade from barclays is part of the reason from time and our parent company comcast.esearch in motion was down 10%. the jean munster comments are big but also you have to keep in mind, they came up with the smartphone numbers. market share is down 13% where apple is over 30 and google's android is over 50. back to you. >> brian, thank you so much. time for market check on the nasdaq which is under pressure once again today take a look at the chart that worsened after the fed minutes came out. it's still off of the lows when it dropped as many as 22 points. first solar, sirius, and fastenal all lower. >> and the annie's stock has doubled. has it gone too far too fast? here's what jim cramer said about that. >> annie's is a total give away for anyone who got into the like coors after it became public it was still worth buying which has made me rethink my analysis. i normally would say bear. now i'm saying bull. >> so cramer is a bull in this. is it a buy or a sell? let's ask francis gaskins. what do you think, are the fundamentals justifying the numbers we've seen move?

barclays selling off hard in the european session. but here are the u.s. banks.g lower here. >> bank of america is still this year up 66%. so this is a broad based booking of profits. if you look at what's lower today. it is not a panic move really coming out of spanish debt or anything. it is in the context of where we've been a perfectly logical consolidation. do you think? >> well, it's -- >> that people called for. >> ism miss. the fed nowhere near easing. you got the note saying that a lot of banks are probably downgraded by moody's next week. i think a lot of everything together. >> ibm, microsoft, ge. when you get those sorts of issues under scrutiny of the investors in ratings or -- >> in technology worth noting that apple is at session lows, as well. apple is down by 1.5%. microsoft, ibm, google, cisco, all of them are trading sharply lo >> multiple tornadoes hitting the dallas ft. worth area yesterday. national weather service in the area today surveying the damage. bertha coombs joins us from lancaster, texas, a day after amazing video of highway rigs,

general electric, amazon, apple, barclays global. recent grads still looking for work are encouraged to contact their school for recruitment dates. >>> and we're still waiting to find out the winners of that $656 million mega millions jackpot. but we do know they'll get about $218 million apiece before taxes. the winning tickets were sold in kansas and maryland, where winners are not required to come forward publicly. the third ticket was sold in illinois. >>> and look at what google announced today, as the next big thing in motorsports. google racing, a partnership with nascar. and here's the amazing part. race cars with no driver behind the wheel. self-driving cars. before your mind is blown too much, check the calendar. the small print on the website as well. google is having a little bit of fun on april's fool. >>> let me know your best prank on april fool's. how are you fooling someone? tweet me at fwhitfield. >>> now, for a story we've been following. a rally in support of trayvon martin is happening right now in miami. take a

to take cash they should not be there, they should collapse, lie lehman brothers and people like barclaywill come by and purchase what is salvageable and make it profitable. that is the natural order of things. but when the government art officially puts cash in there, and the taxpayers are on the hook that is $118 with that could have been not hands of entrepreneurs that will not be there. >>neil: so when you made the argument this was money created out of thin air, it wasn't sitting in a vault, it was printed. >>judge napolitano: right. >>neil: so their at, the judge is wrong, this was not existing money we made. >>judge napolitano: when they make that money they deepa everything that all of us owe. except for the banks for whom the money is officially funneled because the devaluation takes time without getting too technical this is the greatest and clearest and most obvious cause of a price eninflation in history, when the government presents cash out of thin air and they did this to us. >>neil: great job, and i remind you folks, this is not a red or blue issue for me. it is not a rep

only reason why, the excellent barclays report that took it to a whole, indicated there is a lot of competition. look, i'm still netflix, i'm a dvd guy, but when i stream, i do what a lot of other people do. we go to amazon, or if that's the case -- or go to apple. if that's the case, too many people shooting against netflix. apple the first trillion dollar company? irrational exuberance? nah. no, just a terrific story taking over a big piece of the pie. "mad money" right back. >>> coming up, wrath of the tech titans, nasdaq outperformed in 2012, twice nearly 20%. can the tech dominated exchange continue to power higher, or is it running out of juice? cramer heads off the charts to look at the titans of the tech center for answers. >>> and later, jersey score? the nfl unveiled its new look today. will this gear improve your portfol portfolio's performance? cramer tries an investment in the gridiron on for size. find out if it could be a big hit. >>> plus, warehouse of profits? this stock has paid out dividends for more than 30 years, right through the recent recession. now with the american eco

that's upgraded by barclays capital today. up 2.25% to finally, i want to look at super value.is case is was raising or lowering the price target by $1 to $5.50. just about 10 cents where it was today. >> thank you, kayla. right after the break we have the closing countdown. our all-star team of experts are standing by. first, a look at the major averages. do you industrials off the lows. down 180 at the low. down 104 right now. back in a moment. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make yo

barclays, the bank, has not created shares in this for more than two years. makes it like a closed end fund. it now trades at around twice its net asset value, which can only mean one thing. look out below. this thing's volatile as heck and you've got to pay attention. why it's there? we don't know. but the smart people, the smart people i know all been talking about this one in the wake of the t vix. >> you know, if it's a son of t vix, it's a t vixen. >> i like that. >> especially if they were swedish. >> another disaster for your, herb. another name i've never encountered before. kerx, stock down look 66%. that is not a misprint. one of its cancer drugs didn't meet a primary point, phase two and phase three depending on what sort of compound of the drug they're doing a deal with. this is the risk we talked about last week. when you have a company that basically has a product, a biotech and it doesn't meet its end point, that is a tough day. >> the smartest guys in the world will tell you, the doctors will tell you, going to make it and then comes phase thr

barclays senior analyst jason goldberg joins us to pour through results. you've had a couple hours now to look through the figures. was there less here than initially met the eye? >> no. we thought results were pretty good out of both names. jpmorgan and wells fargo exceeded expectations. earnings grew, book value grew, loans stable to up in what is usually a seasonally weak first quarter. institutions on mortgage as well as trading results and asset quality continue improve. and both companies raised dividends and look for more share buyback as the year goes on. >> why are investors not pleased? why are shares down? >> i think macro concerns return. obviously the news we talked about in spain and other european macro headwinds, weak china gdp number last night. and kind of the whole risk-off trade is on financials in particular. we look out between now and the end of the year, we think the upward momentum we saw in the first quarter for some of the more well-positioned names continues. >> you've got a $55 price target on jpm. what's it going to take to ge

seeing the price target cut to 66, down to 70 over at barclay's.telling the clients cautious about the demand and seeing the increased efforts. and mandates to higher cost in the first half of the year. seeing it down almost 3%. surming at the toy maker said it would talk to the take over sitter oak tree capital and buying back $80 million and $20 a share by wednesday. they make pokemon, hello kity and smurf toys. up next, we resell 100 on the dow industrials. they fall on with us explaining with us and setting up strong growth for the second half of the year. back in a moment. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] get the mileage card with special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? [ male announcer ] the united mileageplus explorer card. get it and yo

this is the i shares barclays the agg. people have been waiting for this to break down.4 billion sitting in this. the answer is it's moving lower but not breaking down yet. still the jury's out on this whether this is still going to happen or not, but they're watching this. the other thing they're watching is all the high yield etfs. those are the junk bond funds that are out there. this is one of the biggest ones, i think there's $9 billion or $10 billion index toded to this. it's moving lower and about to breakthrough technically to some levels about to the lowest levels since january. keep a close eye on the junk bond funds. an awful lot of money in there as well. brian, wlast important is we have the dollar up but not killing commodities or commodity stocks. >> oil right now pretty much, bob, at the highs of the session. the optimism over jobs is part of it here. we also have geopolitics globally happening. reports of a missile fired from egypt over in israel. not the direction a lot of people would expect that kind of activity. also news about a chinese insurer may

southwest upgraded at barclays. and starbucks in the red today.her metal prices getting ready to close right now. let's look at the nymex where brian shactman is standing by. >> hi, k kayla. a lot of traders say they basically rotated out on monday. some got out of the way of this freight train. of course the fed minutes were another catalyst. the adp report this morning confirmed the u.s. economy's doing okay. qe-3 might be off the table. fundamental repricing in go 1600 is the next level not necessarily technical but more psychological. even something like india where they've hiked taxes on gold and tons of retail outlets in india refusing to buy gold because they're protesting those taxes. everything factoring in there. i just want to point out the complex across the board is weak. look at silver, copper, everything else to the downside. silver the biggest loser down at least 6% on the day. blood bath in commodities if you're long, tyler. back to you. >> brian, thank you very much. we're continuing to keep an eye on the markets and on retail. e

netflix downgraded at barclays. that stock down more than 50% in the last year. even though it had a great first quarter. guys, back to you. >> thank you very much, kayla. >>> all right. right now the president is speaking in washington. he's speaking to members of the associated press who is hosting this event and other media members. our john harwood joins us right now. john, the president had some very interesting comments on a variety of subjects yesterday. it's going to be interesting to see how he uses his position in this address today. >> sue, he's already using -- i've been watching for the last few minutes. he's getting ready to take questions in a few moments. he's going very hard after the paul ryan budget which by extension is the mitt romney budget. he's endorsed it. it's the president's attempt to frame general election argument. he's essentially saying what republicans would do with their budget, paul ryan would do, leave seniors to bear the risk of higher health care costs over time by cutting medicare, cut off people who rely on medicaid, people

joining us analyst at barclays. anthony, is priceline going to hit $1,000? >> yeah. i think for these big cap internet companies that have real earnings and have real earnings growth, i mean, priceline's earnings growth is in the vicinity of 40% or 50%. so with the stock trading at a multiple of less than 20 times earnings, i don't think it's unreasonable to ask the market to pay 25 times earnings given that earnings growth. you see with e-bay this morning there's another company that's got real earnings and then revenue growth in excess of 20%. so these big cap internet names that have real structural growth opportunities like priceline, like e-bay, like google, we continue to see room for upside on those types of names. >> anthony, for priceline though, how exposed are they to europe? and how much of a slowdown in europe is already priced in? >> i think europe maybe dominates too much of the conversation of priceline. i think really the opportunity for priceline is in asia, is in growing its booking.com brand perhaps even north america and newer territory. i think

and a note out of barclays capital noting exchange traded product holdings for most metals have rej strerd outflows for the longer term suggesting declining interest there in the long run. tyler, back to you. >> thank you, courtney. it was ground zero for the housing crisis. but it appears now that phoenix is rising from the ashes. builders are knocking up new homes again. diana olick looking at homes where demand is outstripping supply. diana. >> well, that's right, ty. we're just outside phoenix in whitman, arizona, where ripson homes is rising again. today's actually their tenth anniversary. but they haven't built a home in three years. two weeks ago they opened up the model home again and the customers began streaming in. it's all about supply and price point. supply of homes under $250,000 in phoenix is down 42% from a year ago to less than a 25-day -- that's day, supply. foreclosures down 52% annually. investors are eating up what's left of those leaving regular home buyers heading back to the builders. you haven't built a home in three years. what makes you say now is the time to s

barclays capital riding that acme could benefit from the increasing use of voice over internet protocol. stock also upgraded to overweight. and a biotech stock, being listed as city's most preferred stock in the biotech arena taking out gilead. that's what's helping motivation. and citi saying their prostate cancer drug could be approved in the second half of 2012. back to you. >> thanks, seema. straight ahead facebook is no longer on private market, but the $1 billion mark zuckerberg shelled out could be a game changer. >> the hot issues in the private market and what's the fallout from the loss of facebook shares? we'll ask sharespost ceo on the other side of the break. man: 1939 -- my parents ran across an ad for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and set it up someplace." so my parents went to bank of america. they met with the branch manager and they said, "look, we've got this little hot dog cart, and it's on a really good corner. let's see if we can buy the property." and the branch manager said, "all right, i will take a chance with th

jpmorgan, barclays both raised gdp estimates for the first quarter. now we're talking 2.5%, 2.7% versus 2% earlier. that's significant. that's helping propel the s&p 500 up as well. the other major factor what's going on in china. they reported lending in china hit a 14-month high. does that matter? yeah. everybody's been talking about a slowdown in china. here's your main etf for china. nice pop up today. this is heavy volume it's been seeing. it's been kind of neglected for a while. very popular for a long time and kind of fallen off. today nice activity. buying in chinese stocks here. they're loosening credit controls in china. that appears to be working and is supporting the idea of a soft landing in the chinese markets, tyler. remember what side of chinese gdp are you on? 8% plus or 8% minus? consensus for gdp will be out overnight. right now it's 8.3%. we saw the dollar moving down all throughout the day on this. that's helping commodities and commodity stocks. tyler, you can take a look and see all the big material names, the global material na

barclays had a positive call for their black rock holding.n black rock which bolstered them as well. >> as long as it doesn't look like yesterday. it was painful to watch. thank you very much, simon. let's bring in our chief international correspondent, michelle caruso-cabrera, with more on the situation in spain. i wonder if we should put on battle gear and getting ready to get back into it. >> that's the question we were trying to ask. we really wanted to look at the situation in europe and say what impact on u.s. stocks ultimately? are we going into a situation a year ago where it was horrendous turmoil. let's give you context about what simon has told you about. spain has been the issue this week. but the new prime minister of spain is a very different political animal than what we have seen in the past. every day this week he has come out announcing new measures and not been in denial like we have seen in the past with them yelling at markets and telling them they were wrong. he said we're going to reform and not just do austerity measur