tonight bertha is buried no more. allen schauffler joins us. it's a massive drill that shut a massive project. >> yes, we are talking 4 million pounds worth of cutter head drive assembly and main bearing. that is it there, seeing the light of day for the first time since december 2013. this is a project going on today for about 13 hours. they've been very deliberate lifting this thing up and out of the pit that they had to dig to get at it. it's a little tough to see what is going on. it's moving slowly. it looks like it's not moving at all. we want to give you a lit background and show you what they are doing. >> reporter: time lapse photography shows a smaller piece of the cutting head emerging from the pit dug to release the stranded machine. a huge industrial crane pulls it up and out as the unprecedented repair job reaches a crucial stage. enormous replacement sits nearby. it's hoped it will get the project on track. bertha is the biggest and important tool in the $3.1 billion plan for replacing the double deck highway. >> we don't have a

pr. >> bertha thank you very much. bertha coombs at nasdaq. >>> bertha mentioned apple and it was a big part of the nasdaq's march back to 5,000. but other companies played a role as well. and dominic has that part of 89 story. >> a lot of investors didn't think we would get there. but here we are. nasdaq 5,000 a level we haven't seen since the peak of the internet stock bubble back in 2000. in addition to the run to the milestone, both the nasdaq composite and nasdaq have been much better performers in the indices. one company has accounted for the bulk of the gain so far in 2015. none other than apple. despite its massive size the run toward record territory couldn't have happened without help from stocks like amazon.com. they got a huge pop at the end of january after a better than expected earnings report after last quarter that included the all-important holiday shopping season. there are other tech/media companies, like netflix. the movie provider is the single best performing stock in the nasdaq 100. companies l

big bertha is about to be freed.bertha is a 2,000-ton drill that got stuck digging the tunnel underneath the city back in 2013. and it brought a multi million dollars roadway project to a standstill until today. allen schauffler is in seattle tonight to bring us an update. allen? >> some very heavy lifting going on. you have the numbers. just do the math, 2,000 tons means 4 million pounds. that's what's being lifted by this enormous red crane back here. they're pulling the cutter head of that machine out of the ground, where it has been stuck for more than a year. it's hard to see this thing moving. it's moving so slowly that you can't tell that it's moving at all. we wanted to show you more of this operation and to do that we'll speed things up a bit. time lapse photography shows the cutter head emerging from the pit dug to reach this stranded tunneling machine. the crane pulse it out. enormous replacement parts sit nearby which project managers hope will get the project back on track. bertha is the biggest and most

crews in seattle unearth the front end of the bertha drill on monday. it broke down 15 months ago stalling seattle's multibillion dollars highway project. >>reporter: we're talking 4 million bounds worth of cutter head drive assembly and main bearing. that's it right now seeing the light of day for the first time since december of 2013. this is a project that's been going on today for about 13 hours. they've been very deliberate lifting this thing up and out of the pit that they had to dig to get at it. it's tough to see exactly what's going on because it's moving so slowly that it looks like it's not moving at all. we want to give you background on the project and we'll start by speeding thing up. time lapse photography shows one of the smaller pieces emerging from the pit dug to reach this stranded tunnelling machine. a huge industrial crane pulls it up an out as the unprecedented repair job nears a crucial stage. replacement parts sit nearby which project managers hope will get the tunnel project back on track. bertha is the biggest and most importan

bertha coombs has our repo. >> reporter: the nasdaq is now within reach of new all-time high. and this time around says j.p. morgan's kate moore, the tech heavy index is driven by profits more than hype. >> we actually think that tech earnings are much more stable than they've ever been before. and in fact in 2000 and kind of like a 15 years ago, it was a completely different sector without earnings and i think a lot of hope and optimism behind it. this is a real fundamental story and actually, tes one of our biggest in portportfolios. >> reporter: the nasdaq trade more than 20 times earnings. not much higher than the s&p 50018 price earnings ratio. in part because of diversification. like walgreens and anthem now live here alongside tech juggernaut apple. though there's one sector some worry might be frothy biotech. the nasdaq biotech etf up more than 20% this year, its outsize offed gains matched by triple digit valuations. >> we've seen an incredible amount of money flowing into biotech. it's going to continue to flow into the biotech sector and i think will continue to be

thanks a lot, bertha. bertha coombs this morning. let's check in with rick santelli once again.ing, rick. >> good morning, carl. in a bypassed era where the economy was either good or bad, but we didn't have all the gps issues regarding how do we discover or handicap if a maturity is rich or cheap, those days are long gone. and it's almost next to impossible to get a true bearing. but let's go back in time to when that was easier. yield curve. long end, short end. let's imagine the yield curve, everything's at zero interest rates. okay? flat yield curve. if the long end goes up 50 basis points, of course the curve steepens. if the short end goes up an equal 50 basis points, both are now up at 50 but the curve is still flat. why is any of this important? because in the old days, what would happen is the as the economy started to cook in greece, what would happen is the long end would continue to move higher and the curve would steepen. as things would potentially start to slow down, the opposite would happen. these rates would start to come down. sometimes even have inversions. a

bertha coombs is there. the only thing that they're sure about here on out. looks like we're getting file trade around one dollar above the lows of the session. the big issue really is about supplies here in the u.s. a concern that we are producing so much oil each as we pull back. we're running out of storage. so the storage options are becoming much more expensive, as this becomes more painful in the monthly report today they say they think u.s. producers will cut production in the second half of the year. if you take a look at where we were back in march of 2009 just after the financial crisis when we hit bottom there, you see that opec's price is actually -- or the brent price is higher than the wti price, and part of the reason is oh peks production is about the same as it was back in march of 2009. but when you take a look at u.s. production, it has doubled since then. therein lies the problem. back to you. >> all right, bertha. thank you very much. >>> meantime chevron pushing deep into the gulf of me

back to you. >> thank you bertha. that closely. >> you see the note from our guy, robert hum, right now with the dow down 30 points0 points, today is the first day we have seen for the s&p and the dow since january 5th. on track for the second down week in a row as a matter of fact. an ugly day for the markets. we get you to the close coming up here with 14 minutes left. stay tuned. no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase

bertha?interesting when you look at the makeup of the nasdaq composite. you no he back in 2000 the consumer-oriented stocks were maybe about five six, certainly less than 10%. now they make up more than 20%. granted, a lot of them are tech companies like an ebay like an amazon. but you do have those monsters on there and monster beverage and green mountain coffee keurig has certainly been one of the biggest gainers over the last couple of years. those stocks regularly at all-time highs. not to mention retailers like costco and ross stores. the discounter that really has been a juggernaut this year. another element that is a bigger weighting within the nasdaq composite is health care which is now up to about 16%. a good majority of that is made up of biotechs. but you've also had some big health care companies now listing here. the biggest, of course being anthem, the large insurer formerly known as wellpoint. you also have walgreens, boot as lines which was formerly a retailer drugstore, but

bertha coombs at the nymex, for a wild day, bertha.efore the show i looked and it was up. now i'm looking again and it's kind of a wild day for oil. >> wild day, which is why i'm putting up the oil volatility index. that has been on fire of late. hit a high this morning, was about 60 and it came back and as a result we also were watching crude futures come back as well. at one point, we did go positive. we were positive for about two seconds on the day. a couple of tries, they failed. the focus now goes to inventories. they're expecting to a 3.7 million barrel build in crude. that would put us well above record highs and particularly, they're going to be watching for the nymex delivery hub at cushing, which is at about 73% of working capacity. if you see another big build there, that is certainly going to be bearish. guys? >> bertha thank you very much. >>> well take a look at denbury resources, like many oil-related names, it has been hit hard by the drop in crude, but denbury is now one of four s&p 500 stocks with a trailing and that

back to you. >> bertha coombs up at the nasdaq. going to be an interesting and action-packed hour for her going into the close. the dow is up 125. the nasdaq look at this we're about to hit 4,999. there we go. things couldn't get any closer to what she just laid out. >> we'll make another run at 5,000 before it's all said and done. up next a survivor from the dotcom crash 15 years ago tells us what he thinks of the nasdaq revisiting that milestone. razor fish co-founder craig co-nar ek on what's different. >> and then later stanley druckenmiller joining us to give us his two cents on nasdaq 5,000 and also where he sees the broader markets in the u.s. heading next. >> he may give us his 20 cents. he has a lot to say. i'm louis, and i quit smoking with chantix. quitting smoking is a challenge and it's a lot easier to go into a fight when you've got somebody that's got your back. having chantix as a partner made it more successful. along with support, chantix (varenicline) is proven to help people quit smoking. chantix helped reduce m

bertha, see you and peter schiff soon. okay.il, what one of those guys said step in and buy oil right now. >> i -- >> i'm doing it. >> that settles it. >> the other thing that i dispute is, and we talk about this all the time, the oil volatility. look at the ovx over 60 again today. still trading at 59. these are extreme upper end of the range. they're still extremes in terms of volatility priced into where oil is going. and obviously on this downward push, there's -- take a look at the time of day, the volumes when they hit. this is margin calls, this is machines hitting this. >> the three handle on crude? >> i was going to say the good news is, we've stopped with this notion that any of this is fundamental. when you see commodities have swings likes this, they always go through where they should trade in both directions. you don't hear that argument being made anymore. no one is taking about the rig count this week, thank god. what they're focused on is price itself and quite frankly, price will go way below where it should an

bertha coombs. the dollar index rising today.ost a straight line up for the past we're. well that is bad news for american companies that do a big part of their business overseas. dominik is looking at those companies, and i just want to preface this, by the way, by saying that with currencies it's not the level that matters so much as the speed at which a currency rises or falls. this is the problem right now. it adds to this idea that you cannot plan or adjust yourself around those particular moves. that's the speed component to it. if you take a look at these companies, there are a host of them. about 40 companies in the s&p. we picked out a few of them that you'll recognize here. ibm, for instance, again, 55% of their revenues according to fact set data comes from outside the united states. they could have some exposure on the revenue side. it's hard to edge revenues. profits and other things but it's hard to look at the revenue side of things. pfizer gets 62%. almost two-thirds of their sales outside the united states. wyn r

bertha a 2% decline on the nasdaq. was it the biotech names?echs but the chips are more concerning when you look at them technically. the philadelphia semi-conductor index falling below its 50-day average. that was a decisive sell-off. it's nowfractionally in the red for the year. the semis overall have not been the leaders. so it's very similar to what we saw last october, and it's the same sort of movement we saw when we saw both the chips and the biotechs telling off together and really hard last october. so if this continues, this technical weakness for the chips, it could start leading other things lower, too. >> also on people's worry list if you will, morgan, was the move in the transports which have been real weak lately. you heard doug last segment telling us maybe that's because they move a lot of oil. is this a classic sell song? >> take a look at the transports. the dow transports are down 4% so they're vastly underperforming the other indices. the issue here obviously you had higher oil. that's going to weigh on the transports. you

bertha coombs joins us with more on the close. bertha? >> really strong week for the nasdaq.in five, six points of the all-time high close before pulling back. what's interesting is we had the strongest gains for the nasdaq this week since the week ending october 24th and that's the same for facebook. haven't talked a lot about facebook but facebook at historic highs on strong volume and really a big move to the upside as it says it's going to start introducing pay into its messenger, the ability to do payments. by yes tech biotechs are the big gainers. saw a little profit taking. small caps at historic highs again as well. and apple after debuting on the dow, a little bit like the si curse, down both days after starting higher but it does break its three-week losing streak. back to you. >> thanks for running us through some of the movers bertha coombs. paul tudor jones, one of america's wealthiest men certainly -- >> the billionaire is now warning of dire consequences because of our nation's rising income inequality and paul pins much of the problem on the stock market. robe

bertha, thank you very much. going to london folks, why not?are live. >> hey, tyler, absolutely. renewed signs of life in the euro hitting a two week high against the dollar coming up a bit in the last two hours. what's behind the strength? well better than expected data out of the euro zone manufacturing at a four year high, and the index measuring business activity in germany surprised to be up. at the same time, disappointing data from the u.s. right? durable goods number yesterday, plus dovish comments from the fed pushes the dollar lower. experts say a stronger euro could make the ecb president, mare yo draghi's job more challenging. part of the strategy is a weaker currency boosting exports. experts say the rally is short lived. ubs and england say they are betting on the euro to trade in parody with the u.s. dollar in the next six to 12 months as the ecb exercises its bond buying program, and the fed looks to normalize rates. those two factors should send the dollar higher and euro lower. watching tyler, for now, back to you. >> i got it

bob ka san any here on the floor and bertha combs following it at the nasdaq. leg lower. >> get a sense of how whacky things are with the dollar smacking around the european and the markets. take a look at the s&p 500. sara's right. it's taking another leg down you're weak again. look at germany because basically you're going to see the exact opposite situation as the market strengthens -- the markets there strengthen as the euro weakens. you buy europe and sell the u.s. when the euro weakens. now let me just show you -- >> one big currency trade. >> let me show you how this is playing havoc with the world markets. the s&p is down 1% germany up 3% italy up 1.5% and japan which has a qe program, up 1.5%. you see my point. qe type programs are messing around with global stock markets it's pretty obvious right now. meantime we've got another player. oil was kind of moving sideways for a while. everybody ignored it. it's back again. we're down near the january lows with oil, not far. you can see what it's doing with the enb names. when you get low oil, sometimes it

bertha tell us more. >> the worst week for more than five months. when you look at the nasdaq composite, it is still positive for the year. some big gainers today for this week really extending gains. kraft on the heels of that deal with 3g and also backed by warren buffett. today we're seeing blackberry move higher on the back of some better than expected earnings. actually posting a profit. yahoo saying it's going to be giving back $2 billion to shareholders. those are among the gainers holding things up, and we're seeing a rebound today in the biotechs. biotechs for the week are down 5% but for the year they are up 15%. i would remind you that if you look back a we're ago, these same weeks the biotechs were down nearly 7%. some of this selloff is starting to look kind of cyclical in these fast movers like the biotechs. as far as the best performers this week take a look at the small cap energy etf. those have seen some buying over the last couple of weeks. of course, they have been beaten down this year. finally, it's the big cap that is are drag

. >> and raising bertha, coming up straight ahead. engineering in seattle finally bringing a disabled machine up to the surface stay tuned. >> get a first hand look with in-depth reports and investigations, and the latest from the worlds of science tech, health and culture. no matter where you are in the country, start weekday mornings with al jazeera america. open your eyes to a world in motion. >> al jazeera's investigative unit has tonight's exclusive report. >> from coast to coast. >> people selling fresh water for fracking. >> stories that have impact. >> we lost lives. >> that make a difference. >> senator, we were hoping that we could ask you some questions about your legal problems. >> that open your world. >> it could be very dangerous. >> i hear gunshots. >> a bullet came right there through the window. >> it absolutely is a crisis. >> real reporting. >> this is what we do. >> america tonight. tuesday through friday. 10:00 eastern. only on al jazeera america. the word he is largest drill is getting a tune up today. it's been

bertha who covers not only tech but health legislation very well. thanks a lot.ohn, let's talk about the markets. 5k was that it? >> it's just a confluence of bad things. yesterday a ten month low in car sells and netanyahu speech. wake up a payrolls number which comes in 3,000 jobs light of expectations. exxon saying they're going to reduce capital spending by 14%. and then i mean whether or not you want to build this abercrombie miss. the consumers not spending because of low oil prices. exxon and everybody cutting capital spending. isn't much good today when you look at the past 24 hours. >> art hogan in the 10:00 hour called this a moment of vertigo we did reach record highs. the nasdaq did top 5,000. our john malloy on cnbc points out not only did it not spend twos days above 5,000, only about 45 minutes above that 5,000 level. certainly did seem as soon as we hit that psychological level, carl, there was demand to actually pull that back. we have a beige book from the fed today. the ecb meeting tomorrow and this new imposition of qe and then the jobs number

bertha coombs at the nasdaq.nwhile the dow down triple digits right now, just hanging out about a point below its 50-day moving average. s&p is negative by about a percent as well. jim is pnc asset management chief investment officer. jim, much of the decline today is being attributed to the strengthening dollar, further slide in oil. i'm wondering if you think today's trade is something we should get useded to as experts continue to say we will see the dollar strengthen toward parody with the euro. >> i think it is, sara, and i think that this volatility we went into the year thinking it would increase over the past two years, january, was certainly the case there, less so in february, but i think volatility this will be a year where we see sort of three yards and a cloud of dust. it's going to be a grind it out year for u.s. equities. >> but at least in so far as this month's trade, jim, it's been good for m&a to have a little bit of a correction in prices. $80 billion in announced m&a in the first nine days of

back to you. >> bertha, thanks so much. three things traders are watching you might have missed today. michael you are up first. >> i'm looking at the hedge japan etf here. everyone talking about the ecb and how they're in easing mode. don't count out the boj. they're it far away from the infligs objective and they will keep going if china keeps making easing noises this should work well. in japan fanook responding to activists, big trend by some smart guys. >> doc? >> nintendo, judge. just take a look at this and super mario. they didn't just make some half you know what mobile system, they worked with one of the big powerhouses in mobile this dena company out of japan. that's why the stock is reacting like it did. if you just took mario and put it on a mobile the kids could play it on the phone i don't think it would get nearly the push it's getting now. >> pete, unusual activity and it's sap. >> right. >> on a day we're talking about oracle. >> and we've talked how many times weeks in a row about germany and the strength

back to you guys. >> bertha coombs at the nasdaq, thanks so much.to courtney reagan at the nymex as the sea is predicting a glut in oil. >> hoping for a quiet day when it comes to commodities today is not your day. crude oil continues its slide down nearly 4% on the day, down about 7% for the week and like you mentioned the international energy agency basically saying look, the amount of supply that the u.s. has is something that we have never seen before. actually saying it continues to defy expectations. the iea worried the u.s. is going to run out of storage containers for crude. so that's one thing that is certainly at play here. that supply, you cannot ignore it. we are at the highest levels for the stock piles we have seen in 80 years. if you look at the other factors at play, when you're watching oil, the dollar's strength just continues to put pressure on these prices. we're less than a dollar away right now from the year's closing low which was 44.45. above $45 a barrel but if we break through $45 there's almost no stopping oil to continue

back to you. >> bertha thank you very much. so if oil prices are at lows shouldn't gasoline prices be at least less expensive than they were a couple months ago? that's not what's happening. back on january 26th the weekly average price of gasoline hit its lowest recent levels. the national average was 20$2.04. crude oil was at $45. today the national average of gasoline is up to $2.42. 40 cents higher, yet crude oil settling at $2 lower than it was in january. we realize our gasoline is a lot based on brent north sea crude in london but yet gasoline -- oil prices all over have been going lower and gasoline is going up here. >> that's exactly right. of course, we want to know what is going on. for more we're charged by carl and chris. welcome to you both. this is a little bit of an educational experience guys for us here. carl the fact that gasoline price is tied to brent more than wti, talk to us a little bit about what is going to be the next driver for gasoline prices then. >> the big thing here is why we're building so many

on this down day, we got bertha coombs at the nasdaq. first to mary and hi mare. >> as you said the nasdaq -- or the margin advisory come well off their lows. it's another modest volume session. what we are seeing is an interesting move among the traditional defensive sectors. the drug group, health care group, getting a bid. that's one of the reasons we see the markets pair their losses today's. take a look at the hospital operators. it's coming out of the supreme court case that's being argued. also, space in the drug sector. the other traditional sensors, they're not -- telecom and utilities under pressure. utilities extending their slide from the record level that is it hit earlier this week. this is treasury yields start to rise a little bit. maybe get a little competition to those utilities. we're also looking at the industrials. they're under pressure. most notably, a supplier to the oil and gas industries among others. the company saying that its sales for february were weak. up 8%. below what lois were expecting. that's giving -

bertha coombs on what the fax 100 is telling us. are first, dominik chew standing right next to me looking at the stocks that got us here. dom, what are the names? >> i mean over the past year there have been stellar run-ups. obviously, when we're at 15-year highs for the nasdaq a lot of companies have to contribute but it's a market cap weighted index, and these are the stocks that have big market caps and also perform well. about 76%. monster beverage is up 90% just over the course of the past 12 months. it's been a real stand-out. even since the low that is we saw back or at least the peak that we saw back in march of 2000. >> entell up 37% over the past year. one of the beggest point contributeors. microsoft, up 15%. not as much but it contributed more points because it's a $360 billion company, and then apple, up 72% over the past year and it's, of course worth $750 billion, $760 billion. the biggest point impact of the nasdaq. >> it's something we'll explore later on with our guests. intel, microsoft, the big old tech names as

thank you very much, bertha. it has been a really volatile trading month. the dow on track for its 15th triple digit move, and if you are trying to find an entry point in this market what are the trends you should be watching? well dominik has some ideas up his sleeve. you think tracking it sir. >> any number of factors that market technicians, the chart watchers look at fundamental analysts look at. >> the batting averages for the market. here you can see the s&p 500. the pink line that you are seeing right there is the 100 day moving average. you want to think of that as something more of a medium term batting average for the overall market. you can see here after we dropped 8% last fall that's midseptember to midoctober we rallied back and consistently bounced off these levels here, and we bounced off it again here. that's reason why some traders are more optimistic if we can close out this particular quarter with some gains. maybe a little bit of momentum as we try to retake those record highs. now, let's take a look at another one. if you move to the s

bertha, we are just a little bit above break even right now. >> yeah. we are suffering from a midday slump. if you come out, take a look apple in its debut in the dow jones industrial average, not really happening the situation. certainly not helping here. it had been up at the start of the day, but what's kept the nasdaq out performing, if you will, is the fact the health care names today are on fire a lot are big cap names at all-time highs, talking about the by bioteches, number of others as well. vertex and there's others like cerner at an all-time high also anthem as well slumping off the high from this morning. that's moving things higher and a number of consumer names today in play as we talk about this mobile consumerism. starbucks hitting a high not withstanding the backlash over the race together, but you can order, pay, and get your coffee delivered via your phone on starbucks, and facebook is going to let you send cash via messenger, what does that mean for ebay? that's why they are down today. back to you. >> let's go to dom chu for a marke

bertha is following the moves at the nasdaq.aky is keeping an eye on oil at the nymex, which will close in about one last time from now. mary you're first. >> the biotech stocks under pressure, and that's leading over into this group. technology, which was a winner yesterday on the news that that merger between free scale and nxp, the -- they're weaker today, and that's contributing to the decline there. industrials also under pressure and consumer discretionary, which was the strongest performing sector in yesterday's session. now, energy stocks are strong. you might say this is something to do with the gains that we are seeing in oil prices but also the company came out with earnings that were weaker than expected, but have positive comments on its drilling business, saying that quarter of a point actually improved so that's giving lift to its stock today. the rest of them higher as well. of course a number of retailers coming up with their results earlier today. best buy, dividend increase. strong numbers. buy back, all of th

that would be my opinion. >> let me bring bertha coombs in. storm in the nasdaq? it did hold up relatively a little bit better? >> it wasn't too much today but if you look at what happened this week we saw this week the one index that was up was the russell, the small caps are now sort of attracting a little bit of a port in a storm and part of the reason of course is biotech which can be very volatile but the byiotech indices closeed at now highs. it looks like investors are starting to say let's look at these companies, these smaller companies that are here have most of their investments, most of their business here at home. and the ruby tuesdays the local chains, not the yums of the world, those are the ones that are starting to really attract a little more investment. will they be hurt with a stronger dollar if the whole market pulls back? likely, but for the moment investors are starting to like them. and the small caps are now up 6 of the last 8 weeks. >> they're pretty expensive though susan. >> they are, and i think if you look at othe

back to you. >> thank you so much bertha. >> we were paying attention, bertha, but that land cruiser that is a handsome -- >> it is a thing of beauty. >> it is a handsome vehicle. >> reset with a modern engine. make rick santelli could give us a hand. he could even get it running on natural gas. >> he is a whiz in the garage. >> 1 minutes3 minutes to go with the dow off 102. >> volatility continuing to knock stocks around. he's called the godfather of etfs reggie browne. he will be here to tell us where the money is going. but at t. rowe price we've helped guide our clients through good times and bad. our experienced investment professionals are one reason over 85% of our mutual funds beat their 10-year lipper averages. so in a variety of markets we can help you feel confident. request a prospectus or summary prospectus with investment information risks, fees and expenses to read and consider carefully before investing. call us or your advisor. t. rowe price. invest with confidence. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many net

we have bob pisani, rick santelli bertha coombs and jackie deangelis keeping an eye on commodities atdaq. bob, listen when we first looked it was off almost 300, then 318. a lot of selling it seems right on the dial there as we hit 4:00. >> there was a very large sell program right at the close, about $3 billion my understanding was. they don't put out a press releans on these things but somebody was selling heavily at the close. the important thing about today is the obsession with the dollar may be understandable maybe a little exaggerated. i'm more concerned really with rising rates. i know there's a strange differential between here and europe but a lot of these companies right now like proctor & gamble, they're at 2.7% earnings yield. everybody loves them. if we get more modestly rise in rates, a lot of people will question the value of owning those kinds of stocks. that's what i'm more worried about, not just whether or not the dollar will be stronger. >> rick pick up right there if you would. we talked last hour about interest rates and then i don't know if you heard scott math

bertha coombs at the nasdaq but, first, courtney reagan on the floor of the new york stock exchange. >> the right caller today, we've seen red from the start of the day, and it's gotten worse. if you take a look at the s&p, can you see exactly where we broke the support level at about 258, 290, and then again breaking through at 28 0shgs and we continue to push lower from there. this is all because what traders are saying the market is bracing for higher rates, possibly sooner than expected. it's a pattern that we've seen over the last several times that we've gotten jobs data. remember the jobs data has been good. it's better than more than 200,000 for 12 months in a row. dow utilities falling below the 200 day moving average. the first time since january of 2014. these are stocks that are very sensitive to a rise in rates. that sector is going to be the weakest. it is the weakest among the major sect ors, though. all of them are lower. utilities, though down by more than 3% which is more than double the rest of the dow jones industrial average laggard. if you look at the ten-year w

arriving at these fields of flowers, it's easy to bertha these poppies are the root of an increasingly lucrative and violent industry. the farmers who asked us to hide their identities, fate threats from drug traffickers but also from authorities. >> the farmers we met say that they meet up for the poppy, and they have to agree for whatever the price is set. asking for more is suicide. poppy farmers can earn hundreds of dollars a day in the high season. community leaders say that they would prefer to grow fruits and vegetables but need good roads to get them to market. >> no support they say but there is punishment. in recent years mexico's government has stepped up fumigation. the result, a whole harvest of poppies lost. sometimes neighboring legal fields are damaged too. but the flowers continue to flourish. and mexican cartels are now the main source of the heroin found in the united states. and with american users demanding more of the deadly drug, a difficult journey out of these mountains is well worth it for the traffickers. adam rainy al jazeera, mexico sierra madre mountains.

let's head to the nasdaq where bertha coombs has the big movers there. it seems like the nasdaq is the biggest percentage loser out of the three indexes. >> after having been spun off here at the nasdaq some three years ago, they are about the only thing that has been kently up welcome back the nasdaq 100. we've had as many as four stocks today, but those are the only two that are moving to the up side. biotechs are the biggest source of pain, and depending on which biotech index you look at the equal waitd weight xbi etf is seeing the biggest drawdown today down the most and what you are seeing is these names that have been consistently at historic highs and have been really leading this market higher today are seeing a lot of profit taking. recall last year we saw a huge drubbing of biotechs in the spring in april. they looked like they were left for dead and then came back by the fall. we're back to historic highs continuing through here. this could be partly a seasonal thing as well. also among the losers today, some of the big chip names as well as

bertha coombs, the big movers you're watching there? >> interesting. we are about ten points way from the all-time high close and a new record on that front. this week it's really been the big caps that have outperformed on a percentage basis. a lot of that driven by the bio tech names. the biotech index, the ibb, etf up 6% for the week. seen a little profit-taking this morning but seen a number of all-time highs not just in biotechs but across a number of sectors. facebook is closing out the week at an all-time high. starbucks after a lot of news despite the pushback on its social media campaign also anthem and a lot of other health care names here that are outside of bio techs. seeing those big moves but really it's been those small and mid-cap names. those are at all-time highs. just, again, starting to see more momentum perhaps some because of the dollar influence and chips today are joining the club. still well off their yaum time highs. none the less pretty big movers today. back to you. >> thank you, bertha coombs. >>> talking of joining the clu

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bertha coombs is standing by to update us all on that. bertha?bill we saw the ibb try to work into positive territory here. it seemed to have found support there. unchanged much of the afternoon. if you look at the ibb, it is off 9% from its all time high last friday. that is a humongous move as a lot of folks take profit in that sector. the worst hit sector yet is really the semi conductor index. it is off 7.5% over the last four days here. we're seeing a little bit of buying on the dibs. that's really the issues for the tech stocks. are they going to start seeing slower growth? >> well let's raise that very question. thank you very much. let's look at what's driving the moves in tech. >> joining us is senior analyst at fdr capital markets and founder of disruptive tech research. thank you for joining us. >> thank you. >> dan, it's kind of was 50 years ago today that the decline started in the nasdaq that it saw 33% decline. i'm not suggesting that's going to happen. but what do you think is happening right now? this is the first concerted sell

let's get to bertha coombs at the nymex. >> we are back near the lows of the morning, here below $44, a six-year low on oil. and it's interesting, we've got opec coming out with its monthly report saying they don't see producers really cutting production until the end of the year. they think that's when it's going to catch up. it could be opec talking its book, not wanting to have to do some sort of emergency meeting before they meet in june. but one of the interesting things is that the international benchmark, the brent benchmark, has held up a bit better than the wti nymex crude because of these concerns of a glut of oil in storage already and that the u.s. could get tapped out as far as its storage capacity. that has made the brent premium really jump over the last couple of months double from a sense of being at par with wti and brent, and now it's $10 above. and that actually is spurring more of a carry trade. some folks in the stock market are seeing it worthwhile to take our oil and ship it all the way to asia and compete on price with opec to try to sell to those customers th

bertha coombs at the nymex, where saudi arabia is in focus. >> yeah saudi arabia if anyone's expecting for saudi minister to blink, he is not ready to do that. to a certain extent, he's doubling down. sort of saying look the market is going to take care of the prices here. we are not cutting back. in fact, saudi arabia is almost near report levels of production near 10 million barrels a day. take that u.s. producers. and we have seen here in the u.s., even as the rig count has come down dramatically, production here as well continues to move higher as a lot of those shale rigs are very, very efficient. nonetheless, with the dollar pulling back today, the euro now above 109, we do see a little bit of a breather and despite the fact that energy prices started off in the red overnight, they've now moved modestly positive. we'll see if that continues as far as metals. the dollar giving a little bit of a boost, particularly to the industrial metals. copper getting a little bit of strength and also a bit for palladium as well. >> all right bertha thank you very much. >>> coming up one of pri

bertha coombs at the fi mention with the future now crew. >> i thought we're going to see 50 before 40e as the dollar reversed its course. anthony, what do you think of the move today? >> it is all about the dollar like you and scott have said and i'm not convinced we have seen the bottom in crude oil because it's only the dollar. the oversupply situation still remains so unless production is cut, i can't say that we've hit a bottom yet. >> scott nations, what's your thought here? could we see more dollar weakness and more cause to see oil rise higher? >> it seems that the dollar is finding a bottom from this recent swoon. griz is right as far as the fundamentals. no good news fundamentally for oil and technically not much good news either. the 50 day moving average a buck above and that would be a brick wall. we're likely to see monday's low again that would be 45.33, the important level right now. >> all right. we're going to be watching for that and we're going to be talking about it live coming up on our show on line at futures now.cnbc.com and, of course, join us we'll also be joi

how about what bertha coombs put forth earlier today, that nasdaq listed tech stocks have been cursedfter being added to the dow. microsoft and intel are both added to the dow in november 1st of '99, cisco 2009, three years after being added to the dow here's the performance of the three stocks. microsoft down 43%. intel down 52%. cisco down 16%. want to take that on? >> that's troubling since i own apple. look, to me this speaks -- >> different this time? >> it will be different this time. i hate saying that. this speaks to dow trying to become more relevant and go with what's still new technology, but the dow is basically irrelevant. it's only good for local news stations in terms of them having some barometer. they've always said the last 100 years the s&p is really what i care about and when you break down i care about individual stocks. that's it. i don't think it increases much. price moves can be big but percentage moves on apple are insignificant. >> scott, i mean, what you know and laslo, of course, is that there are portfolio managers that, of course, any time a stock is add

<system toward bertha could bring a somewhat by the middle of next week trippet <>: reporter: 25,000 other men now for almost two years. they do need to come down at least temporarily. a napa as far as what what happened this morning they're going to actually have a little celebration. it'

bertha following the big movers. >> bye, tyler. as you would expect apple has been higher throughout the session. it has moved to the high of the day. biotechs a drag after that decision on bisimilars last week. also probably some profit taking because biotechs have been very strong movers as we're starting to see fewer highs, fewer new highs of momentum getting a little stretched according to some investors. and some of the big losers today are on analyst actions. you've got amazon and black bear both seeing down grades today. be sure to check out cnbc.com about how many more tech firms are now paying dividends to return cash for shareholders. back to you. >> that's an interesting development. we have breaking news from the apple event with kayla. >> mandy, apple ceo tim cook has covered a lot of ground since we last checked in with you. first, he announced that apple tv will be cutting its price to $69 from $99 saying this is just the beginning of many changes coming to your television. we will stay tuned to see exactly what appl

let's get back to today's trading action bob is on the floor of the new york stock exchange and berthaowing the moves. what's changed? >> not a lot. rick is right. we have a 30 yield auction disappointment and bonds moving up. the story of the day, s&p 500, all action occurred in 20 minutes, a surprise to a lot of people. i agree with rick, dollar reversal reversal stocks are oversold as well. this reporting retail sales surprised everyone but everyone looked at the internet sales. they are up month over month and year over year nice gain and everybody say, oh everybody stayed home and shopped on the internet. if march sales are disappointing, then we have a problem. right now, there's a patch. you see the retail stocks today. they are all to the upside very few down here. you got best buy, home depot, target, everyone moving up now. retailers held up all year. look at the xrt, retail stocks exchange traded fund. we're at a new high. we're just shy of the xrt. as you can see, no dramatic drop so far, just moving sighways a bit. finally, the best story of the day, active management lags