barron and mr.a heated exchange. >> republican senator charles bishop and democratic senator lowell barron, both notoriously outspoken, begin to argue heatedly. >> you definitely see when you watch the tape that there are some words being exchanged and you're not quite sure what they're saying, but you knew that there was an argument at least. we didn't know, you know, what the outcome would be, but we just sat there and watched it for a little bit, and all of a sudden it happened and it happened very quickly. mr. bishop had hit mr. barron. he had punched him. and there was a little bit of a struggle for a few seconds. the security guards ran out. they tried to break them up. a few other legislators also tried to get in between them. the punch was very quick, and the struggle was very quick, and the breakaway between the two, that was also quick. so it happened in a matter of seconds. >> he had just a standard all-american punch thrown. one punch thrown. everybody else pulls the two apart. >> i coul

to decide if they will have a presence on campus and he may review the entire frat system where barron, excessive drinking and sexual misconduct have been issues. >> marine mammal stranding center in bringentine is getting a lot of calls about seals on new jersey beaches. 40 calls in over a weekend to be exact. most of the animals are healthy. that's good news. only a few have been taken in for evaluation. stranding center officials say the freezing temperatures in the winter usually keep the seals off the beach and well it's not exactly sunbathing weather right now for us. experts say as it warms it up is not uncommon for the animals to soak up some raise this time of year. and as we move on to the fox 29 weather authority and first full day of spring a lot of us are anxious to get to the beach and have those nice days. >> let's soak up raise. >> you know what i'm happy snow outside is melting. >> yesterday was a lot to deal with and look at but the good things march 20 it is usually gone. >> a lot is meeting. >> especially here in the city. it was a pretty sight to wake up to i heard

barron's bounce, why do you like it? kors has been a hot stock now for a few years, a hot company and a hot stock. the sales have come down, probably half of what they were before they were running at 60% a year sales growth, probably down to the 30% now, and that has scared a lot of the momentum investors out of the stock and left it quite cheap much cheaper than coach on a price to earnings -- stuart: really? that's interesting. i always think of coach as the old -- i call it a democratic luxury stock because it's handbags and that kind of thing were just in reach. >> right. stuart: and then along came kors with maybe a better selection and they took over that role. you're saying kors is now cheaper on a financial basis than coach? >> it's stock is cheaper on a price-to-earnings basis. some of the stuff they sell is actually a lot more expensive than coach. they do the affordable luxury like coach does, but they also have coach that's closer to lvmh territory. stuart: where do you think the stock's going to go to? >> p

stuart: jpmorgan's stock taking a nice barron's bounce. now, why is that?explain it all. you like morgan. you said so on your paper over the weekend, and it's up near 3%. what's so good about them? >> we do like the stock. we think people have overlooked some real achievements since the financial crisis began. they have paid huge legal fees, and there's been a lot of attention on that. all the big banks have paid big fees, and jpmorgan was very prominent in that. the group as a whole paid about $120 billion in fees so there's a reason to focus on that. it's a lot. stuart: but jpmorgan has been brought through this by jamie dimon. he's done a great job, you think. >> he absolutely has. he has quietly been building up key businesses to the point where they have really nice market share in credit cards investment banking, asset management wealth management. stuart: huh. and he's -- you told me during the break jamie dimon's the best banker in the world? >> i think he probably is. it takes a really great banker to run a place like this, to do it well. you could

. >> i could have told you all that, that was in barron's.ou know, jamie dimon the hottest and the best banking executive out there. but it's -- >> there's all this matters? >> no no no. i'll all about the value -- >> how about the fundamentals? >> none of that other stuff matters to me, in fact. >> that's kind of obvious. >> valuation matters to me. the earnings power, the premier franchise. enough with the harps i get it. okay. all right? >> you brought it up. >> restraining orders. you know? >> stop it some more. stop it some more. you know. >> you know, that's not a crazy valuation to get to 80. there's no reason they can't earn 6 bucks to put a 12 multiple on this thing is not a gigantic stretch. plus you have a dividend, that gets me to 72 and a year an half they can do it closer than that. they have the buy back. >> they don't have what the other banks don't have themselves and there's higher rates. >> they don't have higher rates but they're making money with the flat yield curve. >> that last quarter wasn't great. the commentary abou

. >>> penn state university president eric barron is forming a task force to examine greek life on campusdelta rho is suspended after its alleged role in posting naked pictures of women online. the task force will be made up of reps from national organizations, trustees. >> yet another update from new jersey governor chris christie on when he will decide whether he will run for the white house. the republican governor told listeners of his monthly radio show that he is in no rush and is still discussing the prospect with his family. christie expects to make a decision in late spring or early summer. texas senator ted cruz became the first major 2016 contender to declare himself a candidate yesterday. christie says cruise's announcement is not a factor in his timing. >> we're following another developing story. police down south are on the hunt for a gunman or gunmen in the shooting of five people near a college campus. >> good news for fans of unexciting nfl teams. eagles not among them. the league will not block games from local tv even if the team fails to sell enough tickets. david. >>

. >>> penn state president eric barron is forming a task force to examine greek life on campus. university suspended kappa delta rho for one year after members were caught posting pictures of naked and semi clothed women on a private facebook page. a criminal investigation is also under way. the university task force will include under grads alums trustees and prevention experts and representatives from national organizations. >> star little leaguer monet davis has for given a college player for his mean tweet. she's even trying to help him out. she's written letter to the president of emergency rooms burg university on bow half of joey casselberry. he was kicked off the baseball team for an offensive tweet criticizing disney's decision to make a movie about mo'ne. >> i know a lot people get tired me like just seeing me on tv but sometimes you just got to like think about what you're doing before you actually do it. if it was me i know i would want to take that back and i know anything he would do just to take that one tweet back and how hard -- i know how hard he's worked so i

eric barrons says he'll recommend no tuition increases if lawmakers approve a nearly $50 million increaseion funding. governor tom wolf proposed the spending increases for state-owned universities and state-related schools sschools. in exchange he wants universities to freeze tuition and schools to keep rates low. >>> now from the jersey shore, and we're hearing from taj mahal's parent company about why it wants to stop a plan for a new college campus at the former showboat casino. stockton university bought showboat for $18 million last year with plans to turn it into a branch campus. now trump entertainment resorts says a college next door would not be good for the taj. it fears that kids under 21 would try to get into the casino and could cause problems for them. the casino is now enforcing a 1988 agreement that required showboat to only be operated as a first-class casino. stockton university says if it can't work out a deal, it will sell the property. >>> philadelphia's historic area could see another high-rise building. a real estate developer unveiled his plans for 709 chestnut str

. >> i want to bring in george barron, the ceo of cardinal health.ulations on the deal this morning. explain why this makes sense. you are a medical drug wholesaler and here you are buying a medical device acre. where is the synergy? >> thanks for having us. we are way more than a pharmaceutical wholesaler. we are a broadly based global health care services company. pharmaceutical distribution happens to be a terrific heart of our business, as is the specialty business. our surgical kit business, the medical device is this -- we are a business that provides a pretty broad range of products and services. this is a pretty important to move for us and very well aligned with one of her keys readies. which is to help address a major pain point in health systems around the world which is what we refer to as physician preference items. it is focused on cardiology, orthopedics, and wound management. today's announcement is a major move or us. a big step forward. really excited about the opportunity to acquire this product line from johnson & johnson. >> the

he goes to a barron park elementary and is in the third great parian jose and his family would have to mold and how they would have to go to a different school. >>: ideas don't mumble because i always like my house i've been here for eight years >>reporter: lee said kinkel does not live in tune of is the but the time a lot of hard day to come and support those who do. >>: i think we ever rare opportunity for a win win situation we have the county's commitment of $8 million and we have the city manager's decision to japan another 8 million. and we have the ability to keep these residents and their homes and more importantly keep the children and the best schools in the country. it was jeff bush reporting live >>pam: san francisco police continued to investigate a double homicide in the city's excelsior neighborhood. emotions were high as one woman was mourning the death of the victims of the shootings at crocker amazon playground in the excelsior neighborhood this morning. friends and families of the bill knew the victims were also in shock. according to police the two men in their 20s

darren berg -- barron berg -- behrenberg's chief economist. i would be surprised it tells us why angela merkel is stepping up. how frayed are relations? >> that article may be an exaggeration. there's a sense in berlin, if the greeks don't play ball, they're at the risk of grexit. i don't think anyone expects greece to leave. as far as the economic and financial impact of a possible grexit, much of the rest of europe beliefs we can handle it. they no longer pose a risk to the stability in europe. there is an angle, what does greece do on its own for that corner of the world, which is a concern for overall politics. that is one issue bringing angela merkel into the debate. guy: how bad has it got between schaeuble and varoufakis? we have gotten to the point where these guys are never going to seem eye to eye. this is why merkel is getting involved. dr. schmieding: the greek behavior has been pretty bad. you should not install your creditor is a rule they should write down. schaeuble is a seasoned political operator. i do not think personal emot

here to discuss all that charlie gasparino jack hough, "barron's" senior editor and todd starnes, foxews radio. what do you think the fed will say? >> i don't -- melissa: take the word patient out? >> maybe. look, i think people have doubts about, i think the fed will be careful not to break anything important here. if we do raise rate, it will be cautious, slow. a minor impact. i think a lot of it is priced in already. why are we seeing this priced in, charlie? >> a lot of people in the market come to the conclusion the fed will not raise rates. if you talk to a lot of traders they look at it doug kass put out a pretty amazing commentary about this over the weekend. the real economy is not really doing that well -- melissa: that's right. >> very low inflation. melissa: gdp going back to 2.2. now maybe two. >> market up 1 1/2% down 1 1/2%. that is not changing fundamentals. fundamentals are not driving this. >> the real question for the fed do they need to raise rates right now? is there asset bubble? there is no inflation. melissa: feels like equity bubble. >> do you really want to t

with me charlie gasparino jack hough of "barron's," dan hen men gear of "wall street journal." what do you make of markets today? >> the nasdaq, it is interesting, it was thinly traded. there is a little bit of action in deals. not as though they're going nuts over there at nasdaq. melissa: we're back after 15 years, come on! that is the best you can do dan? i'm moving past you. jack, what do you think? >> nowhere near the inflation adjusted peak first of all. second of all, you look at companies that dominate the nasdaq you have got your apple and intel and microsoft, nothing really stands out to me as shockingly expensive but a couple -- melissa: do you need to take the call, charlie? is that important? is it okay if you do television and ignore that. >> it is veronica vain. melissa: we'll get to veronica vain in a moment. >> i wrote a whole book about the nasdaq crash way back in my early days at "the wall street journal." that was the, the bubble of the nasdaq was fueled by you know, pets.com, same valuations of companies that didn't make any money. melissa: but now? >> i f

to be the king or the queen to do anything. 100 years ago, you would be the industrialist, robber barron. today any of us have access to the technology that only governments had 20, 30 years ago. access to crowd funding. someone who he a driven, passionate can actually make a difference, go and start a company that can positively impact the lives of millions, eventually billions of people. >> in a sense, that's really to me the most remarkable, hopeful sign that there are so many people whose potential is still untapped, who have this talent that is not used in any way, people in india, china, africa. >> so that's absolutely right. and we're living in a time where the number of people connected online back in 2010 was about 1.8 billion. over the next five years we're going up to 5 to potentially 7 billion people connected around the world. so there's 3 billion new minds entering the global economy. these are 3 billion minds not coming online like we did back in the mid-'90s, they are coming online with access to the world's information on google, amazon web services with cloud computing,

. >> jimmy: oh, peter barron, the designed our set and all this beautiful stuff. eugene lee.ate night was in. >> i know. >> jimmy: they just classed it up a little bit. >> well -- it comes from the top. >> jimmy: no, please. hey this might be a first ever. are you wearing -- are you wearing the suit that you're on the cover of -- >> i did it on purpose. it's not a coincidence. >> jimmy: that's never happened. that's "the tonight show" history. we just made "tonight show" history. in about 30 seconds. [ applause ] >> i have to show you something about this suit though. >> jimmy: yeah. >> the first time i wore it was in los angeles. and i was walking from my apartment to a set. we were taping a show called "under the gunn." and it was early morning. and you know, there's no one on the sidewalks in los angeles ever. there were three of us. >> jimmy: you drive somewhere to walk. >> exactly. >> jimmy: you know i know a a great place to walk in l.a. talk the 101 to the 3 and then you get out and walk. great place to walk. >> maybe but the couple behind me did just that. there was a

but let's give barron's a little bit of credit here, they put the ceo of under armour on their covers week saying he's the number one ceo. >> bingo. liz: nobody's mentioned greece. late last night -- david: thank goodness. liz: greece said we're going to come out with another plan, and they say that they will show not necessarily the austerity we've seen in the past but, dan, did that affect the pits early this morning? oh, greece is at least trying to get serious once again? >> i think that greece has pretty much moved off the front page here because every time they come up with a plan, we cheer it, and every time there's a crisis -- realistically, it doesn't seem to make any difference. it goes on and on forever, there's always a plan, and plan never works, but it never really means anything to our market. i don't think anyone here is that concerned about greece. liz: great to see all of you. jordan can, ken and dan, have a great weekend. david: thanks, guys. have a good weekend. breaking news from the mortgage banisters association on its outlook for housing this year and beyond.

jack hough of "barron's," tony sayeg, political strategist and fox news contributor.harlie, what do you think of the big selloff. >> i think, what was that all about? >> celebrating the selloff. melissa: strong. >> did you predict this selloff? >> no, no, i did not. >> that is what i do take a victory lap. >> you any given day you can't tell. >> what do you mean by that? >> pour over the next five years. stock market is little pricey. melissa: you think it is downhill from here? >> i think returns will be below average. pointless to predict a crash. i don't see anything like that coming but i think returns will be below double-digit returns. >> whoever how long? >> five years. >> listen i think that might be true over five years. if you're investing over the next year or so you have to like the interest rate environment for this reason and this reason only. if they raise rates i'm not saying we won't have some indigestion shun here and there rates will be at historic levels, almost no inflation. hard to get return out of a bond. what do you do? you buy apple. hate to

jpmorgan was a leader on the dow jones industrial average after an article in "barron's" had 30% upsideer to its peers. we got to see jpmorgan really excel, up 2 1/2%. bank of america, goldman, wells, gained 1% plus. cheryl: hear it for the shoppers, nicole. number of retailers hitting all-time highs. >> right. a lot of names we know. tjx, target, food locker and carmax and general mills and kraft, just to name a few. the consumer names really did well today and outperformed. david: there was one group that didn't do too well. the gold bugs are not very happy today, nicole. >> gold in the after-hours, 15 bucks to the downside. commodities under pressure with a stronger dollar. jobs report will be key economically. [closing bell ringing] cheryl: nicole, by the way, great job for parade on sunday. david: oh, yeah. congrats nicole. we're very proud. cheryl: here are the numbers for you. big rally for and mo. look how the markets are finishing up. the dow is higher off session highs, david, 264 and change. the s&p, nasdaq, russell 2000 and markets back in the green. david: you mentioned fri

jason barron, whothe archives administration, said on cnn, not in "the new york times" she did nothing illegal. she didn't violate the 2009 rules. she didn't violate any rules and she didn't violate any rawlaws. that's what he said. "the new york times" hasn't publishered that quote but it was on a rival network and no republican canunder mine, the law is the law. >> lanny davis, good to have you with us tonight. >> nice to be back. >> good to see you again. >> thank you, you bet. >> michael steele former rnc chair, and msnbc political analyst, bob frum democratic strategist and professor caroline hellman. michael, this e-mail account that jeb bush has got going. >> right. >> it sounds like the exact same thing hillary was doing. what is the big issue here? >> withal it may be on paper in terms of the way it was set up. i don't know if you had a private server or anything like that. he did acknowledge using a private e-mail account but i guess that i look at it a little bit different. i don't equate the private e-mails of a governor of florida with what we're talking about here with th

jim lebenthal the president of lebenthal asset management, rob sechan in ubs one of barron's top 100ancial advisers in the united states, $6 billion in assets under management and michael block is chief strategist at rhino trading partners and dan greenhouse managing director at btig. our game plan looks like this. chipped. after a thnical breakdown and a downgrade for a key player, is the semiconductor

jim lebenthal the president of lebenthal asset management, rob sechan in ubs one of barron's top 100 financial advisers in the united states, $6 billion in assets under management and michael block is chief strategist at rhino trading partners and dan greenhouse managing director at btig. our game plan looks like this. chipped. after a thnical breakdown and a downgrade for a key player, is the semiconductor sector about to face bigger trouble? flash point. unrest in yemen is more important than you think. michele caruso-cabrera on the crude realities of the unrest in that region. we begin with stocks. yep, they were selling off, trying to go positive now after three days of selling. the dow still negative for the year. real questions, though, being asked about how long the rally can continue as key parts of this market break down or start to teetering. dan greenhouse you can go down the list and say the transports are tracking for their worst week since october. you have the socks and smh breaking down below the 50 day moving average and the market trying to go positive. >> the s&p i

he is one of the top 100 financial advisors in the united states according to barron's. our game plan today looks like this, get shorty. investor john ficktorn on what he's betting against today and why he says north of the border is about to go south. trade school, nyu's dean of valuation live with us today with the stocks he said are grade a good. we begin with a critical question for investors, are stocks after hitting all-time highs earlier in the week now poised for some kind of meaningful pullback or simply a pause? we haven't seen a correction of 10% or more in more than four years. and steve, i mean it's the question that's going to continue to come up, i guess as the market either extends itself or has this pause. it has to happen at some point. the question is when and why? >> i agree it has to happen, should have happened already, because as you mentioned the entire trading span of the market this is the fourth longest. >> since april of '11. >> but the longest actually is twice the period that we're in now. look, i think everybody is surprised, but what's dif

he is one of the top 100 financial advisors in the united states according to barron's.plan today looks like this, get

some of the people have said we cuddle some remarked here, all of these people i assume you know, barron's and other publications .. the motion high frequency traders use their technology to pick off the little guy, that part of flash boys is wrong. mary joe white the equity markets are strong and continue to to serve the interests of both -- and. >> the head of her division and trading and markets 0 who oversees the markets who recently left the sec, there was just a piece in bloomberg news he described the stock market as a death star it is so screwed up and it is -- he couldn't speak freely when he was at the sec so there is a great deal of dissent below mary joe white on whether the stock market is actually -- >> rose: let's continue there, then. john the founder of the vanguard group which you know, that is what you do to sell books. i don't know how it is rigged. the real point is he doesn't make one bit of difference to an investor who is in an index fund for a lifetime. >> well, so -- there is some truth -- this is interest canning because vanguard is the one big investor who has c

there's negative comments from barrons, rio tinto all to the down side. the metals etf, that is active volume in the month of february has been down six days in a row. gold had a big down day on friday but it's been up today. the gold miners are continuing to climb. we have had a huge decline. we're talking 10% decline in the gold miners. just in the last couple of days. the important thing is 10% in the last two trading sessions. more on apple and apple's new watch coming up when we return on "power lunch." don't go away. ok, if you're up there, i could use some help. smart sarah. seeking guidance. just like with your investments. that sets you apart. it does? it does. you're type e*. and seeking another perspective is what type e*s do. oh, and your next handhold... is there. you don't have to go it alone. e*trade gives you the support and guidance to make informed decisions. are you type e*? >> the highly anticipated apple watch. of course, we had expected that to be the main event on the docket today. the company has talked about everything from a new

little show-and-tell, i brought this out of the sock drawer been there for 15 years, this is a borbo barron's article highlighting my fund being number one at the time, and i listed cisco systems, down 20% from the highs back in 2001 okay? >> yep. >> it was still trading at 95 times earnings. it was the biggest company at the time in market cap perspective, just surpassed exxon mobile. >> right. >> what's the biggest company today, you know, right? >> apple. >> right, apple. apple market cap is 750 billion, but the company is gushing cash. it's trading at 17 times earnings, which is less than a multiple of the market. so no, in the public markets, i emphatically believe this is not the same. there are always instances of, you know sure certain areas, but not across the board. >> okay. it is different this time round according to you and you're not seeing a bubble i understand at least in the public market. doug thank you very much for joining us. >> okay. exclusively on "closing bell" today, about the interesting blog he wrote and why he thinks the tick is in a worse bubble than 2000. that's

that's according to a barron's piece two weeks ago.different this is. >> that's amazing because it was funny earlier to actually listen to john scully saying i will get interested in bubble talk when the nasdaq is at 10,000 for example. so many people brushing this one off. let's bring the nasdaq into the conversation. melissa lee and guy adami joining us from there. guy, first to you. did you ever think back at the time that we'd be able to come back, to do it, to reclaim that level? >> the short answer is yes. i think we got here faster than i thought but the answer is yes and what does it mean to me? the leadership you're seeing, some of the leadership companies, the semi-conductor index, look what that's done. the leadership out of these companies, with reasonable valuations, and then you have transformative companies like the apples. you have company that have reinvented themselves like microsoft. we're here for better reasons i think. >> there's a way, melissa, to look at it flip it on its head and say 15 years. that's what it to

notably jpmorgan after that barron's weekend edition with jamie dimon on the cover. i haven't really seen a moment like that for these banks since the financial crisis. >> let's talk about all of this in our closing bell exchange right now. joining us today, anastasia amoroso from jpmorgan funds. jason pride from glen mead is with us. and getting to be a regular from kkm financial in chicago. and our own rick santelli joins us as well. sam, let's kick things off you. you put out a note with your outlook for the second quarter, and you're tempering our expectations even further. why? >> well, bill, we all like to say that the second quarter is like the middle child. we know it's out there, but we don't really pay much attention to it. the performance has actually been pretty good. all sectors in the s&p 500 have posted average increases in the second quarter going back 25 years. yet what unnerves me a bit is that we're seeing the high quality outperform the low quality. we're seeing the low volatility beat out the high beta and the pure growth outperform pure value. i