testers on this, i think investors are ready to be beta testers on it as well. >> all the way aroundhad to be. that's what the story is. >> to me this is a story that's all about a wish and a prayer, and the model 3 is really the mass market car that it's supposed to be. at 260 times earnings, deliveries aren't even measuring up. demand is there on the smaller scale. whether there's mass scale, i don't think so. >> we've got to go. >> let's see if eric estrada has responded. >> he has not. >> that's a shame. >> i thought you were asking -- i thought you were going to ask mark that. >> if he had heard from eric estrada? >>> now to the gold miners. max meyers says in my ear. the gdx up 70% this year. one savvy trader said the tide is about to turn. mike is with us from austin, texas, with tra trade. mike? >> sko we saw well over two times the put volume today in gdx. what we saw was a big purchase of the may 25, someone paid 23 cents for 20,000 of those. almost 25,000 of those traded hands. essentially that's betting 1% of the current price of gdx. we've got two of those minors actuall

smart beta was grandfather of smart beta 10 years ago with rob and ftse rafi. fundamental investing and value investing come to the etf marketplace. they have done a fantastic job. liz: 970 hedge funds closed shop past couple years. it is very difficult to say, active managers that you pay a lot of money to, do better than index. tom lieden of etf trend.com. looks like closing bell rings. we do not hold the 18,000 level. [closing bell rings] color the market purple not red, in honor of prince. david and melissa. david: stocks ending the day down triple digit the. hi, everybody, i'm david asman. melissa: i'm melissa francis this "after the bell." new at this hour, super tuesday round three we're five days away from voting. candidates out in full force, ted cruz goes on the attack, targeting donald trump for his comments says trump is bowing to political correctness. the world mourning the loss after pop superstar, prince. he was found dead at his minnesota estate. police investigating the cause. david: let's stick with the story. fox's julie banderas has all

like heavy, foo. >> does that a beta max ton. >> eight track tape player. >> put it to size.ove it. have their apple phones and everything. >> right. do you think you should own the stock through thick and thin because that's a real question that comes up on the show all the time when people are playing the market. >> i've tried to be on either side of it and typically i get it wrong more than i get it right and the answer is if you're going to be in and be in it and close your eyes. my concern all along has been with apple. are they this generation's sony, and we know what happened. >> i think it's f.a.n.g. stocks, are you in momo or value? we're in value right now? i think people are looking for yield, and granted it's not a tremendous yield. >> apple is in vogue now. >> $110. when we look at it the sell bounce levels should have been 105 basically to 109, but it's breaking those. >> we're re-established our connection with steve wozniak, the co-founder of apple. glad to re-establish the connection. steve, were you calling in on an iphone? >> that's a gap in the technology

if you are relying on the beta, and the market beta, and we have been in the incredible wayne's worldand we have -- >> everything is a beta of one, and it follows? >> yes, and two months ago people were talking about the recession in the u.s. and china closed captioning and the markets were near malfunction, and look at us today. the same thing happened in november and in the summer last year, and so we are in the rapg-bound world where you have to be tactical, and strategy won't get you there. you have to be tactical. >> and so listening to what you have said, and tell me if i am interpreting it, i want massive market cap, an pristine balance sheets and look for names that are low vol and i want to hang on for a crazy ride, because that is what it sounds like is going the happen. >> i agree with everything but the first one and then i will throw myself into the debate that you just had. i also want a name like facebook that can combine platform and content. that is the most powerful equation today. >> and you are make a sector call? >> no, a few companies that have the content, and a

this is a big area of smart beta. the guggenheim equal weight tech e.t.f.almost a billion dollars. apple is a 1% weighting, just like everything else. it's the house of representatives, they're the senate. it's equal weighted. this is down 2.3%. apple only contributed .2% of that. again, you don't get to feel what apple is doing great, by the way, apple is responsible for 40% of that. so even though we're down on apple, like every two years we seem to have this conversation, but then apple goes crazy and you're loving your apple weighting. but r.y.t. is popular for people who want less. scarlett: apple ontario even a part of, it's built on tech momentum. >> when you see a stock like this, you're going look at the smart beta products. this is a case of smart beta working. this is the power shares momentum e.t.f. so basically back in january, apple had like a smaller, it got sold off like a little bit. this momentum e.t.f., it got kicked out, 6% weight, got kicked out in january. the little foreshadow selloff saves this one from this huge selloff. so that is

. >> beta see that as the major issue? but you cannot use these social security numbers are to be left out there. those they did indeed these are using if they are undocumented that is it in the theft but i don't know if we will agree bed but gifted with a half but under that program they could get a social security number and clean them under a the al lovell fletcher's. you have to have a social security never and so does your kid be traced to the illegitimate? >> while opinion is, it is not but that is my personal opinion. >> to any of the studies indicate? >> none of the irs studies indicate that. [laughter] i am just telling you the sources of the errors --. >> but the ira's are you addressing this at all? here they are looking at undocumented persons who don't have social security numbers getting credit i am looking at that. >> because as we started off in this conversation a fair and just tax would involve that. i yield back. >> the chair recognizes himself or questions. as they have a series of second so with the el

another, beats a senator, beta senator, beats a gun -- governor. and i am about to be ted cruz and i'm about to beat a governor who is one for 42. so this person who is a very smart pundit said, you know, if i am trump i do not inc. i want to change. there is a lot of truth in it. that wait until you see what we do at this country. we're going to unify -- not only are we going to unify the republican party -- but we have a tremendously divided country. and black. everything. young and old. everybody is at odds. you look at the african-american population of this country. youth. african-american youth has a 59% rate of unemployment. 59%. you look at african american people. it is substantially higher. there is tremendous division because obama is a tremendous divider. he divides. he has done nothing for african american people. you that.l and i am going to win the african-american vote and i am going to win the hispanic vote. and every poll, you look at the poll in nevada. they can hispanic population. i won the state of nevada very easily. a landsl

it's the beta names. citi, bank of america. so far they have had the best results in terms of the stock movement when you look at where jam jamie dimon started to buy that stock. look at the performance you get out of the beta names that trade well underneath book value. >> nasdaq almost 50 points, only about 50 points away from 5,000, by the way. not 5,000. give me the nasdaq, please. so i don't misspeak again. oh, yeah. about 5,000. you're in the sun too long, that's what happens. >> who were you talking to there, god? that was pretty cool. >> again, can you tell me what's the fastest land mammal? we will come back to that. let me tell you what's going on. here's what's the most important thing. market breadth is improving materially. this is a point we made on the show last week. i think it's the most important thing right now. take a look at the iwm. here's a great example. this is the small cap index. these stocks have got no respect for years. much worse than the large caps we talk about all the time. it might close above

miami florida made it san jose california made it nashville tennessee made it los angeles beta but all of the canadian teams are home are ready. we are playing hockey and hope and we got 3-0. >> go sharks. >>> she may be on but this student helped stop an environmental disaster. >> you will meet one of the youngest winners of the prestigious international prize. >>> stocks were up today the dow closes at its highest since july. here is a look at the closing numbers. ,,,,,,,,,,,,,,,,,,,, whole milk vs skim milk. a new study put out by tufts university suggests full-fat dairy products may actuallyp fight against diabetes and weight gain. researches took 15 years >>> it is the ultimate dairy debate. whole milk versus >> -- skim milk. researchers took 15 years worth of data for more than 15,000 adults and found those with the highest levels of dairy fat had a 46% lower risk of developing diabetes. do not throw out the skim just yet. dr. suggest a healthy balance of both. >> pilot program in san jose state university linkedin has launched a nationwide linkedin for students. the app asks stu

bmw and daimler are high beta stocks.there's a risk on or risk off, will you see that immediately in how autos react. you can see they're down today. you can see how oil has reacted, total and eni, two of the highest beta stocks in oil in europe, they're sensitive to the price of oil. they'll move quick limit you can see those two stocks. oil and autos to the downside. while yields are remaining low, the country still has a love affair with utility stocks. that i don't expect to change. you can see we're at new highs. these are new highs on a down day in all the classic names, your duke's, pg&e, american let trick, ameren, they love these stocks because there's no place to get any decent yields. yields are 3% to 4%. finally april is usually an up month, has been for a long time. interestingly so is the first trading day of the month usually. not at the moment. we asked our friends at kenshow to look at that. it's up 66% of the time, and the average gain is 0.21%. right now dow down 106 points, sitting essentially at the l

. >> reporter: cole simmons lives in the beta delta phi fraternity house on campus where the rule forpen and that applies to i'm pretty sure all housing on campus. >> reporter: but that housing could change. the university president is looking at considering a ban on hard alcohol in undergraduate housing. >> i think you're kidding yourself if you think that kids aren't going to buy hard alcohol. >> reporter: the president e- mailed students last month saying there were too many instances of undergraduates overdrinking and that hard alcohol is connected to many problems on campus including sexual assault. just recently a jury found a stanford swimmer guilty of raping a drunk student. >> it's absolutely right we're discussing alcohol use and making sure it's healthy and happy, but an outright ban is sort of taking a law enforcement approach to what is really a medical problem. >> reporter: miles keating and cole say tougher restrictions for college students on alcohol is far from the solution. >> if there's a ban on hard alcohol, people will have it anyway. so then it's kind of people a

you will expect the kind of thing with beta and leverage associated with an equity versus a commodity. but at this point we think this is a bit overdone. so again 100% versus 24. i want you to look at since the data begins, the index out of philadelphia, gold and silver. what we know is this ricochet is now the steepest. it's three months. it's the steepest three-month move on record. it is drawing in, forced to cover people right late and getting involved, which we think is late. so a couple things i want to look at. here is the gdx and what the top panel is simply the gdx and it's 150 day moving average. what the bottom panel shows is the percentage above the moving average. we are right now at 52% higher than at any point, at any point in the past ten years. so again, you can use phrases like overbought or crowded or complacent. we think it is pricing in a lot a. couple of things i wanted to look at, you can draw your line this way. you have something of a downtrend you have reached and so, here's our day-to-day chart. you know, we've completed this formation. you had your head and

now, you're going to expect this kind of thing with beta. and with the leverage associated with an equity versus a commodity. but at this point, we think this is a bit overdone. again, 100% versus 24%. i want you to look at since the data begins, this is an old index out of philadelphia, what we know is this ricochet is now the steepest, it's three months, the steepest three-month move on record. and it is drawing in either shorts or forced to cover people who are quite late and are getting involved. which we think is late. so a couple things i want to look at. here is the gdx. what the top panel is is simply the gdx and its 150-day moving average. and what the bottom panel shows is, the percentage above the 100-day moving average. we are right now at 52%, higher than at any point, at any point in the past ten years. so again, you can use a phrase like overbought or crowded or complacent. we think it's pricing in a lot. a couple of the things i wanted to look at. you can draw your lines this way, you have something of a down trend. and so he

. >> today marks a month until beta breakers race in san francisco.e in the world. 50,000 runners took part last year and no is allowed. >> now, texting is not going to be coming to a theater near you. this morning they said there will be no texting because, quote, you spoke, we listened. a and. >> do you get what you pay for? well, it depends. >> the answer from michael finney, coming up next. >>> you know the saying do you get what you pay for? is it true? >> that usually means if you pay less, you'll get less in return. sounds right and a lot of us believe that. here, there is a lot of shopping going on and a lot of people here believe the old truism. do you get what you pay for? >> absolutely. >> in quality, you do more, if you pay more for leather shoes they'll last longer. >> the consumer group has been a pillar of the executive community for decades saying you do not always get what you pay for. >> it's chaotic. the market doesn't work the way an economist would tell you it would work. if someone do. >> the room itself took three months to do.

that is according to estimates compiled by bloomberg from public beta.anguard which oversees more than $3 trillion. the boj's influence in stocks risks distorting valuations and undermining efforts to improve corporate governance. officials today unveiled deputy crown prince vision for the kingdom of saudi arabia. he is looking to reduce reliance on oil. koch sayse charles that hillary clinton may make a better president than any of the republican candidates. immigrants were not thrilled -- democrats were not thrilled. news, 24 hours a day, powered by our 2400 journalists, in more than 150 news bureaus around the world. fencing. francine: -- francine. francine: the boj making policy announcements. mario draghi signaled did ecb will wait to see how measures pan out. could that open the door for janet yellen to raise rates? first i want to bring you my chart of the hour. 7.8 trillion dollars in government bonds have been driven below zero by worries over global growth. money managers are going into debt with maturity for over 100 years. you can see more ch

. >> the cost to take part in the san francisco experience goes up tomorrow, beta breakers registration now costs $60 for an adult. the price for the rates increase april 1, more than 50,000 runners took part last year. this year's race is on sunday, may 15th. >> from two guys in a garage to an iphone, apple celebrates it's 40th birthday. >> today, jonathan bloom sat down with a man there in early days to talk about the company's bumpy road to greatness. >> this is a collection of the boards. >> i was the first guy to work in the garage. >> that famous garage is the stuff of silicon valley legend. he says it got lonely. >> i was the only person in the garage. steve wasn't working in the garage. he was on the phone, in the kitchen. so april cell was run out of the kitchen. >> this is the book that launch launched my friendship with steve harvesting apples is where it came from. >> the urge to tinker came from another guy, steve wozniak. >> if that didn't happen, just like steve job said, apple would never have happened. >> apple one was hobbyists, apple two, for everyone, especially kids

. >> today marks a month until beta breakers race in san francisco.this is the longest running foot race in the world. 50,000 runners took part last year and no alcohol, no smoking is allowed. >> now, texting is not going to be coming to a theater near you. this morning they said there will be no texting because, quote, you spoke, we listened. a and. >> do you get what you pay for? well, it depends. >> the answer from michael finney, coming up next. ♪ i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients who've had no prior treatment. it's the one and only cure that's one pill, once a day for 12 weeks. certain patients... can be cured with just 8 weeks of harvoni. with harvoni, there's no interferon and there are no complex regimens. tell your doctor if you have other liver or kidney problems, hiv, or other medical conditions, and about all the m

can still remember, hearing him banging on his keyboard on his computer in his room because he was a beta test or for some microsoft product. he would get impatient and frustrated but he wouldn't quit. that was one of the things i treasured most about him. when he became an adolescent and started having a little trouble in school and things weren't coming quite so easily to him, i saw that as a good thing. i saw that as a lesson in life where he was going to have to loosen up a little bit, except that life is a perfect and you can't always make it be the way you want it to be. when he would be unhappy with a particular incident or something that had happened, i didn't see this as a negative experience in his life. i saw it as something that indicated he was growing and becoming an adult because we have to go through negative experiences in order to mature. >> later, as time went on, you saw signs that you thought were much more troubling, looking back on his growth as an adolescent. can you talk a little bit more about how you changed your views of how you saw that as positive two things

this is positive beta for the market as opposed to the negative. i think the eight shares are cheap. the side will outperform big cap china. looks interesting. >> thanks, guys. >> thanks. >> a news alert from the bond market. to rick santelli. >> watch the charts. i think this was such a good auction, it might move the markets a bit. let's go to the beginning. we're auctioned off 20 billion tens. second reopening, last reopening, original auction in february of this year. the yield at auction 1.765. that was the low yield in the one issue market. low yield, high price, this one off rich. we gave it an a, a for demand, everything about the auction was good. it was through the one issue. that's good. 2.75 bid to cover. much stronger than 2.62 ten auction average. 6 on indirects, 15.3 versus 12% ten auction average. best since march of 15, dealers take just shy of 25%. this was a good auction, all we have left of 56 billion in supply will be tomorrow's 12 billion of 29-year, ten-month securities known as 30-year bonds. sully, back to you. >> thank you

. >> the cost to take part in the san francisco experience goes up tomorrow, beta breakers registration now costs $60 for an adult. the price for the rates increase april 1, more than 50,000 runners took part last year. this year's race is on sunday, may 15th. >> from two guys in a garage to an iphone, apple celebrates it's 40th birthday. >> today, jonathan bloom sat down with a man there in early days to talk about the company's bumpy road to greatness. >> this is a collection of the boards. >> i was the first guy to work in the garage. >> that famous garage is the stuff of silicon valley legend. he says it got lonely. >> i was the only person in the garage. steve wasn't working in the garage. he was on the phone, in the kitchen. so april cell was run out of the kitchen. >> this is the book that launch launched my friendship with steve harvesting apples is where it came from. >> the urge to tinker came from another guy, steve wozniak. >> if that didn't happen, just like steve job said, apple would never have happened. >> apple one was hobbyists, apple two, for everyone, especially kids

and it's a risky place, in fact, if things really get bad because there's beta here, and these can makeg, new lows, just as deutsche bank is threatening to do and as hsb is doing. >> so, you'it's not that you're advocating against the trade when you say it's not worth the capital, but if you're going to do it, do it this way? >> right. >> okay. >> because if there really is problems -- this is the second biggest sector by weight in the market and it's the lifeblood of the system. and the way they're acting, not good, you know? >> right, right, right. >> i'll just say this, and we've talked about it a lot at this desk, jpmorgan, they talk about the dimon bottom, they announced a $2 billion buyback after he bought $27 million worth of stock, but the stock acts like garbage. it's not closed above $60, which was a big level for more than a couple days in the last couple months. i think the underrated performance -- wells fargo, we were talking, they look horrible. i think you want to sell rallies, but defining your risk and placing a bet on what you're willing to lose, that makes sense. you

portfolios that actually small cap has underperformed so in that sense it's really adjusted for a beta markedly so i think it's been a good trade and you just stick with it. >> all right. a couple weeks ago mike sailed emerging markets could continue to break out. >> i think very simply what you can do is something called a call spread risk reversal. specifically i was looking at the may 34.5 calls and selling the may 37 calls against it for 20 cents and the may 31 puts against it for 40 cents. >> well, the eem is flat since that trade. mike, what do you do? >> actually this trade is mildly profitable here, but i think, you know, if you want to stay with this position, the nice thing is eem could suffer a 10% decline from here and you're not going to be taking any risk essentially until it falls below that strike. however, we have had a lot of market strength, and this market hasn't seen it. that's got me a little bit concerned so i don't mind taking the small profits that we've made so far. >> it's a little bit diverging from crude here, which crude has pulled back from 32 to 37.50, a

within the equity categories, come atthat looked best beta, lower dividend yield -- more of the big uglies then the technology guys. the economy will subsequently get stronger, we will have a new congress and new administration to work with next year. likely, stocks will work higher over time. not optimistic about fiscal policy now, i'm optimistic about the potential for more positive change in fiscal policy in the future. lisa: there's been a lot of pessimism around stock this year. this has been one of the most shorted stock rallies in history. how do you square this pessimism with a sense that the market could still fall? doesn't that short base support a potential continuation of the rally? coming ifreality is gdp comes in material is stronger than we think -- the reality is, if gdp comes in materially stronger than we think, stock prices will go higher. evaluation at 18 times earnings is excessive. pricing and those fundamentals need to match up right now. we think that is what will happen in the immediate future. coming up in the next 20 , we find out if the bubble has already burst

place not to have capital and it's a risky place in fact if things really get bad because there's betaand these can make shocking new lows as deutsche bank is threatening to do and as hsb is doing. >> it's not that you're advocating against the trade when you say it's not worth the capital, but if you're going to do it, do it this way. >> okay. if -- if there really is problems, the second biggest sector by weight in the market and it's the lifeblood of the system, and the way they are acting, not good. >> right, right. >> just say this, and we've talked about it a lot on this desk. jpmorgan, talked about the dimon bott tomorrow and the company announced the $2 billion buyback after he bought $27 million worth of stocks and the stocks act like garbage. won't close above 60 which was a really big level for more than a couple of days and the last couple of months so i think relative underperformance, wells fargo's chart. you and i talked. toys a disaster. want to sell rallies and defining your risk and placing a bet on what you're willing to do the way i'm doing it i think that makes sen

how much of a risk when a brexit beta europe's banks?itain left the eu, they could need to replace up to 108 billion euros of securities. you can see here, the market for asset-backed securities has already been in decline for some time. this now flagging concerns that u.k.-backed bonds would no longer count to emergency cash reserves, potentially leaving a black hole. i'm not going to ask you about asset-backed securities, but we are trying to make a point that it is so difficult to understand the exact ramifications. is it really a possibility that this country exits the eu, and how much money would we have to spend to do something like this? ian: it is a real possibility. the polling is suggesting that the two sides are very close together. we don't know how much it would cost. the government has just published its case for why we should stay in. that is backed by as many facts as are available. but clearly you can't always predict the future. whether that is what is going to happen to the exchange rate or the banks. what we have seen

we are out there, more women are in college, more women are phi beta captas. and then we heard he has to get paid more because he is the bre breadwinner. what are we? crumbs. very often it is women in the marketplace who are now either the soul breadwinner or the partner they love says hello we want you to get equal pay for equal work. we don't want to hear he is a breadwinner. we don't want the crumbs. we want to be paid equal pay for equal work. we also want punitive damages for women who are discriminated against. back pay alone is not a strong enough deterrent. i want my colleagues on the other side of the aisle to know that they have ideas. one of my colleagues spoke on the florida earlier today and i have such admiration for her. she is a fine senator and adegrees with -- agrees with the thrust of the press conference. we share the same goal but differ on means. my means, i must say are the way forward. his means are the way forward because it is solving the problem. we will sit down and talk, have conversations and see what we can do. but at the end of

more women are phi beta cap pass. more women are getting ahead. then we hear, oh, he's got to be paid more because he's the breadwinner? well, what are we? crumbs? if he wins the bread, we want to be winners, too. very often it is women who are in the marketplace who are now the sole breadwinner or also a significant breadwinner. and the men -- or the partner that they love -- says, hello. we want you to get equal pay for equal work as well. so we don't want to hear, he is a breadwinner. we don't want the crumbs anymore. we want to be paid equal pay for equal work. we also want punitive damns for women who are -- we also want punitive damages for women who are discriminated against. back pay alone is not a strong enough deterrent. i want my colleagues on the other side of the aisle to know that they have ideas. one of my colleagues spoke on the floor earlier today. i have such admiration for her. she's a fine senator and she agrees with the thrust of the press conference we had. we faced this the in the past where we shared the same goal, but we d

it's currently going through beta testing. >> i actually have a high-tech device that will detect b.omy >> i'm sure you could detect a few people, maybe even in this building. >> i have no comment on that. >> coming up, a controversial gun store is hitting back at its opponents with a lawsuit. >> details on the dispute that has nova armory in arlington suing dozens of people. >> don't want the bed bugs to bite? the color the your sheets could help keep them away. >>> here's something we usually don't see around here. a whale sighting in the chesapeake bay. >> it was all caught on camera. the video shows a 35-40 foot hump back whale breaching. a fishing party got a front row seat to the awesome site. the capital of the boat shot the video. we spoke to him today. >> somebody sighted a large flash in started looking and we saw the whale jumping. >> we've had some people that did say it has happened before. >> it's not that uncommon. >> i don't know that we usually get video of it. >> no, really cool. hey sue, it's a gorgeous day out there. it has been. >> yeah it absolutely was and tony,

they want raves and booze party with beta cara teen. >> this is why candidates like ted cruz are failinghing is a political statement now. it does president matter if you are wearing a certain type of show. it doesn't matter if you are are wearing a certain type of dress. everything is a political statement. >> the second you said andy made a good point -- >> i tuned outcome pleatly. >> i just de night the existence . >> this is not a thing at all. >> this is like ghosting. remember ghosting was a big thing? >> i don't buy it. >> the number of people i have ghosted personally. >> all of you guys coming to yoga at 8:00 a.m. >> that is literally the only chance you have. >> is this millennials am i right story? >> i think there has always been health conscious people of any generation. i think somebody introduced them to one of the facebook groups that has like 50 members. >> it is not a scientific poll. >> it was probably in california for a weekend and that was the weekend everybody said they would be sober and get juice and go to yoga so they can be in good shape when they go to coachel

. >> it's currently going through beta testing. >> he was trying to test it out on me. saw where you were going with that jim. >> it backfired. >> coming up next, call it the prince george effect. that little plush white robe that everybody loves, he was wearing it during his meeting with president obama. we'll have more on that later. kathleen matthews: in the race for congress, i don't believe that big money can buy votes -- not in our district. and i won't claim to have single handily passed just about every bill in annapolis. we can't settle for the same old politics, not when our basic rights are being threatened by trump and cruz. i'll stand up to their bigotry and be a passionate voice for maryland women and families. in tv and in business, i built relationships. as a woman in the house, i'll do the same to get things done. and i approve this message. >> remember that adorable plush robe that prince george was sporting with president obama? it's officially sold out. the white and blue trimmed robe flew off the shelves at myfirstyears.com. it's no longer available

. >> many firms refer to it as smart beta but getting slices of the market.we have an etf. what it is looking at is high quality earnings and dividend streams looking at solid balance sheets, cash on the balance sheets. investors are looking for qualities and companies. >> going back to the ibb. it seems to be the best poster child for what has been happening or what people think has been happening by hedge funds. hedge funds have been big holders of a lot of biotech stocks, also holders of etfs, so for instance, when there say big biotech swoon, the ibb would sell very sharply and some thought it is because there is heavy selling in individual names, which happen to be to brian's point some of the biggest market cap companies in the market. and that really helped drag that etf down. should individual investors be concerned that their trade is hijacked by hedge funds, institutions? >> i don't think they're being hijacked by institutions, but i think it is going to be represented of the flows. if there is more demand for the stocks, you'll see some prices go u

i can still remember hearing him banging on his keyboard because he was a beta tester for microsoft project he would get frustrated but he wouldn't quit. that is one of the things i like most about him. when he became an adolescent and started having a little trouble in school and things weren't coming quite as easily for him, i saw that as a good thing. i saw that as a lesson in life where he would have to loosen up a little bit and accept that life isn't perfect. you can always make it be the way you wanted to be. when he would be unhappy with a particular incident or something that would happen, i didn't see this as a negative experience in his life. i saw it as something that indicated he was growing and becoming an adult. we have to go through negative experiences in order to mature. >> later as time went on, you saw signs that were much more troubling, looking back on his growth as an adolescent. can you talk a little bit more about how you changed your views of some of that from positive to things that should have concerned you? >> i mentioned earlier, one of the things that was an i

>> we're still very much based on this sort of em recovery and sort of high beta yield seeking with current account surplus ems. we think there's still opportunities there. yes, we're going to get some volatility. the last two days have been suffering. equity markets are selling off. people are saying risk haven trade. i think in the broader and midterm, there's a story there. on one hand, you have the global central banks that continue to keep it easy, you know, monetary policy. the fed is likely to stay dovish. we're seeing, as we saw in china, international data is going to stabilize and slightly improve but not to the point where, you know, it's likely to spill over into central bank tightening. at the same time, you have the fundamental story ems sort of have bottomed out. we're starting to see a recovery in these ems. we're seeing improvements from a fundamental story, and that should continue to keep investors moving into ems. >> interesting. i'm just listening and thinking. peter, thank you very much for being with us this morning. head head -- by all means, go et in touch with the

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i don't believe you buy any high beta stock in front of a quarter if you're there long-term, buy somebuy the rest after. >> okay. the markets meet on the course, closing up for the session. for the week, in three hours time, let's get the second half trades and we'll kick off, jim, with you. >> you got quite a few companies reporting next week, paying attention to the chip manufacturers, intel and qualcomm coming out. this will say a lot about the data center, enterprise spending for intel and the apple iphone system as far as qualcomm goeses. that's what i'm paying attention to. >> you bullish? >> very much so. >> what are you watching, steve? >> until further notice, still about the black gold, about oil. that's what has driven the market. the great news is we had massive inventory build yesterday, but let's see what happens into the close. >> do you fundamentally believe it is based here? >> i think -- tough to say. give or take, yes. >> interesting. sarah what are you watching? >> i'm watching a similar thing. don't want any uncertainty out of the meetings because if we can keep o

off it beta slow start last night, but managed to tie it up at halftime. the team caught fire during the third. by the end curry had 37 points and the warriors wouldn't of san antonio with a 92-86 win. first victory in san antonio since 1997, and the spurs' first home loss since march of last year. golden state could break the record set by the chicago bulls for most wins in a regular season when they host the grizzlies on wednesday. and even though this was a warriors road game, you could hear fans groening and cheering just about anywhere in the bay area. fans had a tough time during the first half, as we talked about. shots weren't falling and the pace was a little bit slower than usual. credit san antonio's defense. in the second half the warriors were able to edge ahead. now fans looking forward to that last game of the regular season. >> we are going to break a record set 21 years ago. it's probably going to take another 21 years for somebody to break this. i am excited to be a part of this. >> other fans say tying the bulls' record would mean the se

it was one of the first beta support airports -- first municipal airports in the united states. it was where a millionaire heart was inspired to learn -- it was where amelia ehrhardt was inspired to learn how to fly. she decided to get a job as a telephone operator, and earned money enough to learn how to fly. she learned from one long beach another oned it was named frank coxe who took her up on her first flight. in 1921, they decided that land became to valuable. today we are in one of the most beautiful 10 airports in the world according to the bbc. the long beach in a simple airport in long beach california. -- long beach, california. new that there would be a lot of important dignitaries and other people from other countries flying into the long beach airport to visit douglas facilities, so they wanted to have a state-of-the-art, beautiful facility. it was in 1940 that he decided to buy land adjacent to the airport from the montana land company. this was after 1939, and world war ii was still going on. he decided that it would be wise to make it a state-of-the-art facility.

among energy stocks the usual high beta names are moving more than the rest of the market. as you can see chesapeake, murphy, devon, those are high beta names. but nsco last week down. what happens to energy stocks from here on. with oil creeping slightly higher, you can issue more stop. you mentioned that ensco at 9 and a quarter, but remember you're issuing stock at half the price a year ago, that's a road to ruin eventually. everybody keeps talking about more m&a, but this thought of political risk, i don't see how lots of deals go through the obama white house. maybe after november you'll see m&a. not before that. at current prices there's nothing really cheap, the xop chrks is the oil and production etf everybody watches is up about 8%. that's handily outperforming the s&p 500 right now. it's only up about 2%. and everybody's modeling 2017 numbers. nobody's even using 2016. the p/e ratios are crazy in 2016. everybody's assuming oil's going to be $60 in 2017 and they got the numbers more in line with historical averages. we have the same problem with industrials. this w

. >> carrots. more beta carotene. this is the health property of the carrots. you can take it to the next level by cooking them first and then cutting them. you get more antioxidants. dari: you cook them whole and cut them after? >> exactly. now, the flipside of that is that there's another antioxidant, polyphenols. they're in higher concentrations in raw carrots. it's a toss-up. before our listeners are freaking out -- dari: yeah. which is better. >> how do i deal with all this information? having fruits and vegetables -- steve: is good. >> -- is great. the most you can get, the better. steve: three more. dari: leafy greens. >> you can maximize your absorption of antioxidants by adding it with a healthy fat. dari: avocado. >> it's a great example. it's an easy one. nuts, olive oil, these are great examples. steve: blueberries. >> blueberries in general, you can't go wrong with -- steve: that's what dr. manny was talking about. >> and fiber. with the fruits and vegetables, frozen can be a great option. they're flash frozen at the peak of freshness and it is sei

today, we have phi beta kappa day, so. >> john kasich talking to a schoolchild there, teasing him a little bit about not being in school on a monday afternoon. that's john kasich talking in rockville, maryland this afternoon, a suburb outside washington, d.c. >> i decided not to really make my decision this early. >> and what are you leaning towards? >> i was listening to see what the little boy would say. it's john kasich speaking in rockville, maryland. let's go to katie, back to the news of the day. donald trump holding a rally a bit earlier but the big news, john kasich pairing up with ted cruz, forming an alliance of sorts trying to take down donald trump. what's trump saying about this? >> reporter: the trump campaign feels this is playing into their hands, a talking point they've been hitting hard that the system is rigged to an outsider and not fair to someone like donald trump, more fair to an insider, to washington regular, like ted cruz or john kasich. the idea they're worki ing together to keep donald trump off the ballot at the convention to force an open convention all allows

were wondering whether the central bank would say anything about the strength of the currency, that beta bit of a head when and they did say something about that but looking at where the australian dollar spiked in the results of that, what did you make of those comments? jeremy: we are seeing a significant appreciation since those february lows. it was almost inevitable that the bank could not ignore that. they have given the market what it wanted. to see aould like cheaper aussie. they would like to see the fed doing some of the heavy lifting for them. anna: thank you very much. we will stick with the rate story when we come back. manus: we will talk about india. the expectations are for a cat. we will bring you those details right here on countdown. ♪ anna: welcome back. getting details of the india's central banks rate decision. cutting their benchmark rate. manus: this is the critical line. this is a theme we have listened to from our team in india. talking about the cut potentially but also the facilitation of being more accommodative. that is the critical point on the rupee. littl

obviously the beta one is newer.an see the innovative product unit which includes a lot of their cancer drugs, consumer products, is bigger by revenue. if you look at eps, the established product business is more profitable. people are saying pfizer probably needs to do a deal in the innovative product unit if they're going to split up. and so of course, the speculation is running rampant who could they buy. a lot of people attribute yesterday's big gain in the ibb to both what pfizer may buy and, of course, we talked yesterday with allergen. if you look at some of the names, jpmorgan, and isi, metavision insight, cancer companies, bristol-myers didn't make it to the screen here, and a rare diseases company, these are the kind of names that people, analysts and investors are floating around. what are the names people don't want pfizer to buy? it's interesting. this is from mark shownbaum's notes. you can argue all three of these would be potential inversions. there's probably different reasons why people don't want p

you can beta germ foe like trump yanked off the bedspread before calling melania.here's more gold plating in his plane lavatory. >> master bathroom with a shower. >> reporter: than in the entire hotel. it is his second stay at the chain since the campaign started. where better for the donald to express his opinion of holiday inn express than in a tweet. new and clean, not bad, he wrote. what were bad were tweets from detracke detrackers. are you qualified to be president? no, but i did stay at holiday inn express. the donald did what we all did after checking in. >> i am watching television at my holiday inn express. >> reporter: instead of commercials featuring a nonpilot. >> not the pilot? >> i've never done this before. you be i did stay at holiday inn express last night. >> reporter: now holiday inn express can advertise using a noncommander in chief. >> at my holiday inn express. >> reporter: jeanne moos, cnn, new york. >> thanks so much for joining us, anderson is next. >>> good evening, thanks for joining us, that chugging sound is the trump train. some gop

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