so we'll be watching to see whether or not we break out on that chart. >> hey, mike, brian kelly, onand the technical trading of this, and i also know you guys tend to be a little bit more of a trend falling. how do you trade this type of market in copper? you have that number this weekend. are you guys coming into it short? >> we actually have a small long position. if you look at the medium term trend over the last three months, it's still in an up trend, but the position is relatively small and i think that reflects the fact that we're very range bound here, so we're waiting for that breakout move whether it's to the up side or the down side. even if it moves to the down side, our model will cover that position and look to move short. >> i looked at dennis gartman's letter where he said -- and he'll be sitting in on the program tomorrow -- he said dismayed by gold selloff yesterday, ill advised and wrong. what's your take on where gold goes from here based on what you think the fundamental story is and the technical you're watching? >> if you take a look at the charts, over the la

. >> brian kelly, what about you? >> well, i bought the russell 2000 today so i hope it's not down 5% or 10% in days or weeks. my view is that the u.s. economy is the best economy in the whole world. we saw germany, industrial production, or germany factory orders down today. brazil industrial production down, australia's data's weaker. and the russell 2000 has the most exposure to the u.s. and i'd also mention the semiconductors, smh, that's another name ill bought today. i know a name you guys hate yesterday, companies have a lot of cash, they're buying back stocks and paying out dividends. >> cortez? >> you know, the biggest news, the new news, i agree with abigail, it's unsettling in february during that intense rally we saw key sectors lag, not just small caps, but transports. but to me the news and still even today is china. i think this is really a fulcrum moment. even on a day like today, which is a nice bounceback particularly in technology, the cues have bounced back most of yesterday's launches. i continue

brian? >> kelly, thanks. >>> in all of the primary and caucus states today, there's an issue out there getting a lot of attention. should a person is have to present a photo i.d. to cast a vote? in two of the states voting today, alabama and hawaii, for example, voters are required to present photo i.d. at the polls. the third, mississippi, is just one step away from one of the strictest laws in the country. our justice correspondent pete williams explains how it came to this and has an exclusive interview tonight with the attorney general who talks about his effort to get some of these laws thrown off the books. >> reporter: the 2000 bush-gore election debacle in florida set off a wave of calls for election reform, including voter i.d. laws. nearly every state has now considered them, 14 this year alone from new york to new mexico. they require registered voters to show a government issued photo i.d. card at the polls like a driver's license to get a ballot. they have strong support among republican

roach, brian kelly. i'm curious about stimulus in china.t seems to me that they're taking a measured approach. one, do they need to ease more at this point in time, and, if they do, will it be broad-based or more sector-specific as they're doing? >> i think you've already seen the first signs of how they're going to play this one, mainly with the two cuts in -- recently in the required reserve ratio for the banking sector. i think monetary policy in terms of their benchmark lending rate just stays on hold. they're still not convinced that inflation, while it has come down a lot, is going to stay low. but, look, they've got plenty of ammunition. they've got a benchmark one-year lending rate that's 6.5% today, versus the headline inflation rate of 3.2%. they've got plenty of firepower to spend if they need to and the economy weakens more than they expect. >> pete? >> stephen, a quick question. by the way, hi, neighbor, how's everything? >> beautiful out here. >> we don't get a great opportunity to get out to china nearly with the frequency yo

brian? >> kelly o'donnell in atlanta tonight. kelly, thanks. >>> now to check in with the rest of the field from the trail. let's go to steubenville, ohio, to ron mott. ron, good evening. >> reporter: hey, brian. rick santorum stopped short of calling ohio a must-win state tonight saying simply it will be huge for his campaign if he does. though not the biggest delegate prize of super tuesday, ohio is considered the catch of the day. mitt romney went home to boston to vote after a solid week slugging it out toe to toe in ohio with rick santorum. >> it's great to be in the heart of ohio here in buckeye territory. that's a tough thing for a penn stater to say. i've got to tell you. >> reporter: a proven presidential battleground, 12 state elections picking the winner, victory in ohio can cast long-lasting signals. for romney, says one political expert, the stakes couldn't be higher. especially considering a possible southern surge in the next week for former speaker newt gingrich. >> the field is tilted for the rest of march in a s

we have our traders today, brian kelly, joe tear nova and stephen weiss, as well. are on the show today to talk about the markets. first the fast five. top stories we're following on the halftime show today. apple's dividend and buyback. did it thread the needle with a nice size dividend but not so big that it turns itself into a dreaded value stock. our second story, does apple mark the top in dividend investing? or will its payout encourage more cash-rich companies to follow suit? number three, just pick the right stocks. we've got the best stock picker of the last three years to help you do just that. not want to miss that. we're going to name names. number four, bank of america used to trade for an atm fee. it broke through the $10 mark today. buy or sell america's bank? we'll answer that key question and number five the name synonymous with amonging risk, jeremy krol on the biggest risks out there and how to keep your money safe from them.l on the b risks out there and how to keep your money safe from them. there is lots to trade today as always. let's start d

brian? >> kelly o'donnell on the hill for the first part of this. kelly, thanks. some may find some of the comments in this next story offensive. but that's really part of the point. there is a growing firestorm over comments made by rush limbaugh about a young woman caught up in the middle of this fight over birth control in washington. tonight, a lot of women are expressing their outrage. we get details on this tonight from nbc's anne thompson. >> reporter: this debate is marked by powerful images. the all-male panel at a congressional hearing on contraception coverage. >> thank you very calling this hearing on women's health. >> reporter: sandra fluke, the 23-year-old georgetown law student, prohibited from testifying. and now incendiary words from one of the loudest voices in the conservative movement, radio host rush limbaugh. >> miss fluke, and the rest of you feminazis, here's the deal, if we are going to pay for your contraceptives and, thus, pay for you to have sex, we want something for it. and i'll tell you what it is. we want you to post the videos onl

. >> it's brian kelly. we had a stat up that said cng costst about $2.11 a gallon while regular gas is going for $3.70, we'll call it. how is the mileage for that? is it one for one? >> no difference at all on the mileage. as a matter of fact, the engine -- because the fuel is cleaner, the engine actually lasts longer and the horse power is exactly the same. so you're getting the full benefit of that $1.50 or in the case of arkansas, there's over $2 difference. >> i'm wondering how long you think natural gas will stay at that low considering that you are intensely working on the brown dense which is your first oil well in arkansas. had disappointing production results recently. you're saying the two other wells will produce more than that. that should be good. but it seems like you're hedging your bets so to speak with oil. >> well, i wouldn't say our results are disappointing. we'll just see how that plays out in arkansas. but when you think about natural gas, it's good for the economy. it's good for the c

. >> brian kelly, you are curious about the deceleration in earnings among the materials and bankingr. how does that filter into a hard landing that won or a soft landing and most importantly, what do you define as a hard or soft landing? 5% gdp growth? >> anything below 5% or 6% could be a hard landing for the macro economy. we have to keep in mind the relationship between macro growth and corporate earnings is not that strong. on the macro front, it has been a great one for the past 30 years. they have been 10%. if you look at the micro, the corporate sector, some companies didn't deliver good profits despite the macro strength. they have a strong economy. what this means is that companies need to get more efficient. they have overcapacity with the steals and that's going to affect corporate earnings in 2012. >> you are talking about them and it's still sector facing head winds. how does that go for the u.s.-based steal companies. this is the dynamics. >> the steal industry in china is losing money. the costs are strong. the industry is slowing. they are not in good health. the u.s

. >> brian kelly? >> i would stick with -- how do i follow that? what works which is tech an

. >> fred, brian kelly. what about citi bank? trade it off here? is there an opportunity to buy it here. then they may be in e in e same position as some of these banks that have rallied. >> i like that trade. i think citi posts this as something we were looking for. the problem for citi was it didn't stack up well for this test. once we get past this noise, we think no only can they improve business and money, they will recapture that deferred tax asset which can push capital up. >> thanks so much. let's go to you. what's your idea as you join us on the fast line? >> listen. in terms of plays here, guys on the desk were talking about maybe taking profits in names like jpmorgan. selling those stocks. i still want to own the financials to some degree. met life is a good one to sell off. i would agree with some of their arguments here. maybe oversold in the markets. one thing i think that plays into this market, the financials. when they rally they're a big portion of the s&p 500 you have to be careful. a blow-off top doesn't occur in one day. you ne

brian kelly brought gold today. break the chart down for us. >> i agree. a buyer of short-term weakness in gold. what we're seeing shorter term is a bunch of lower highs and a lot of our clients are asking should i invest in gold now. should i buy gold now which tells me there's money on the sidelines looking to enter into this name. take a step back. longer term trend for gold is intact from 2008 lows we see the trend line which 2011 we move so a stretch from that trend line. we came back recently and tested it. trend line is around 1630. i would be a buyer as low as 1630 hoping the next move takes us above 1800. >> comment on gold? >> we had that huge reversal in gold on friday when the u.s. dollar was stronger so that correlation may have broken on friday. i bought it on weakness today. you see central banks around the world easing monetary policy. that's also positive for gold. >> that tells the story right there. where does gold go based on what charts are telling us? >> shorter term i think we might see more weakness in it before it rallies. i really

we have brian kelly on one side and steve cortez on the other. i'll give you the first word.t least today's performance of what's happening in the chinese stock market would line up with your way of thinking. >> this china story seems to be picking up steam. i should write a book about this. look, china was down 3% overnight. chinese stock market is 7% off of its march highs. i think it's because it's responding very properly to terrible data out of china lately particularly when it pertains to exports. the most recent data point in that sphere we got is port of l.a. and long beach. inbound shipments from china year over year are now off 10% versus 2007. they are off 20%. china simply needs to export. the world is too weak particularly europe for them to export any further and their massive over capacity because of their fixed asset investments means chinese asset prices have to go dramatically lower. >> you know, i think the death of china has been dramatically overstated here. we're looking at an economy that even a hard landing would be 5% gdp growth and what's happening i

. >> brian kelly of shelter harbor joins us on the fast line. you're talking about the high end. where is it today? >> yeah, hey, judge. the high end is in sutherbys. bid. this market is being driven by dividends and the expectation of dividends as well as easy money. for me, this company, sutherbys, really embraces both of those. you have high-end retail. they've already had great sales this year. they have good free cash flow yield. they upped their dividend back in november. the potential going forward as a predisposition for that, people are going to start pricing that in to all these stocks. that's really why i like sutherbys right here. >> rising asset prices. rising stock market trends. leads into more folks going to the auction house? >> yeah. absolutely. and rising incomes globally. i know we talk about a china slowdown and all these things but incomes are still increasing pop people still have a lot more money. that high end is still working. and it's obvious just the other day they had a sale that was much higher than presale expectations. that theme continues to work.

brian, this is one of those no good deed goes unpunished. under ray kelly in the last 18 years. there have been no successful terrorist attacks in ten years -- >> brian: 14 plots have been broken up. >> for that, he gets attack bid a lot of members of the new york city council, a lot of other political candidates and some of these professional interest groups and the whiners who say you got to stop your tactics, they're too rough. you're intruding on people's civil liberties. there has been absolutely no claim of any one law being broken, no so-called victim produced and yet the attacks continue. so last week at a public hearing of the city council, the commissioner shot back and challenged the members of the city council who are attacking him. what are your ideas? how would you solve the crime problem in your neighborhood? how would you protect us from islamic terrorism? of course, they had no idea. >> brian: they said, well, you're discriminating against people of color. bottom line is, he came back with a stat. over 75% of the victims of crimes shooting

brian kuebler, abc2 news. >> we want it get you caught up on that news in baltimore county. joce sterman is there, reports of a multiple stabbing. >> reporter: kelly, this all started about 3:45. we're on spectator lane in garrison. this unfolded about 3:45. police were called out for reports of a stack. when we got her at 4:00, there was an active scene. police had several people outside and a young man inside. we spoke to the officer on the scene who told us at left one person was stabbed and shots were fired. we went around and started talking about witness. what they told us is this started as a fight outside of the house. at least one person was stabbed and shots were fired what you can't see from the scene on spectatetor lane there's additional scene around the corner. police on that street which looks like fifth harden. a lot of information being seen. a lot of people saw what happened. police are trying to sort through the information as they piece together what happened. at left one person has been stabbed. shots have been fired. we're waiting for a public information officer to come out. they did have one person in the back of the squad

brian. >> steve, stick with us. let's bring in now our guest. we have btig's dan greenhouse and our very own kelly evans onset. dan, let me get to your first of all. what's your reaction to what bernanke was saying to liesman. >> i think what he said in the class is exactly right. you know, i've been meeting with clients the last couple of days. there's this debate about the rise in treasury yields and how quickly the fed will move to change its language given the improvement in the economy. i think people are underestimating the degree to which 1937 hangs over fed policy now. they are going to go very closely in making sure they don't make the same mistake again. >> kelly, do you feel we learned anything new today? >> from ben bernanke? i think his comments about the economy sounded pretty upbeat. he tends to try and strike a pretty even keel tone. that jumped out at me. aside from that, not necessarily. the real question comes down to the focus on rising rates and people wondering in context is it time for the fed to react to this? i agree with dan. it's far, far too soon to expect that if anything. i'm curi

kelly joining us with that side of the story. >> i feel like i'm in third grade again. >> you can call my brian shactman, big ears, whatever youant. >> call you lots of things too. >> sorry about that, kate. >> the infamous oil speculators are reaching fever pitch these days with oil futures and nymex crude hitting their highest point in about ten months. brent and wti sailing as high as they've been since last april but still a ways from their all-time peaks from the summer of 2008. how do these trades work? unlike physical oil traders who buy and sell barrels of crude then shipped across oceans to refineries in the u.s., china and other places, the so-called paper traders deal primarily with futures and options tied to a price they think oil will reach somewhere down the road. a big bull right now might be long futures, short puts or the right to sell oil and long calls. or the right to buy oil. buying shares in the actual oil companies like exxon and shell is a less popular speculative trade. the beta or potential volatility tied to a single stock makes it something of a hairy trade. remember bp? hedge funds and traders mak

brian. he was charged with narcotics possession, a felony possession of ammunition and a probation violation. >>james: a suspected burglar is in hospital after being shot by someone inside the home. maureen kelly explains what happened. of them of this is with the scene that looked like on crane avenue and foster city curious moments before, police say 891 month from call to from inside this home. as officers came up the walkway, they heard three shots. the shooter was identified as a san mateo resident and wounded. the apparently unarmed man tried to enter the front door before eventually coming through a side entrance. >> it was difficult to see. the residents did not know of the person was armed or not. people have the right to use reasonable force. every situation is a little bit different. >>justine: we have much more ahead on this monday morning. we are waiting for the rain. we will take a live look outside out walnut creek. sierra >>james: we're talking politics and this is in 2012. mitt romney will be at an event in san francisco. if you would like to see the former governor it is not want to be cheap freda >> he is the worst republican in the country to put up against barack obama! >>

intraday as interest rates and, brian, i don't know if you're there, but as interest rates have been moving up, the s&p moves up. >> i am here. we're going to talk with kate kelly about it. they're finally getting a little return there. and let's not forget in 1999 when the s&p 500 hit 1,400, the 10-year treasury yield was around 5.7%. >> that's right. now, that was the year, remember, when tech stocks had their biggest influence on the market. right now financials have an even bigger influence on the market. that's going to help push the s&p up further here. so far i've been encouraged by what i see. >> sockpuppet.com is bigger than wells fargo back in those days. a big stock story of today is bank of america. it went back above $10 earlier. the stock has more than doubled from its lows of just three months ago. it got a boost from morgan stanley today. they increased their price target on the name. bac is up 80%. if you made the bold call, if you had the guts to buy at the beginning of the year, you are being rewarded big-time. is it time to take the money and run or buy more? let's ask paul miller, managing director at fbr and and kate kelly is back. welcome

kelly is an independent. caller: i used to save my money call for friday morning to talk to brian, and you are certainly a great substitute. i think you are doing a wonderful job. a couple of things -- as far as the newspapers that you read, i am interested in wondering if you would consider including the capital times from madison considering we have a recall going on in wisconsin and maybe read some articles from their people as well. i really wanted to talk about gas prices. i read in the wall street journal and the st. paul pioneer press that gas prices would be approaching $5 a gallon by easter and the reason was because of huge exports we were making to central america and south america, diesel fuel and gasoline shipments to china. in fact, the oil companies exporting our gas caused the prices to go up according to the journal and according to the pioneer press. i took a elected missteps and bought myself a couple of battery power bicycles and a toyota corolla. i was forewarned about this. i am wondering when nobody else picked up on these articles. our oil companies are exported to much to china and sout

brian sullivan at the podium. >> that's right. the opening bell is just a few minutes away and ireland's prime minister edna kelly is going to ringer big day of trading. it's apple all day today along with ireland. my bad irish accent and more coming up right after this. there's nothing worse introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> and here we >>> and here we go, the first trading session of the week gets under way. it's ireland day at the new york stock exchange. we'll be speaking with the prime mi

brian: that was the longest fall i've ever seen in my life. >> it was. >> steve: it wasn't just a fall. it was the slide. >> gretchen: speaking of real life, will you actually end up being kelly'setchen: no one asked? >> no. >> steve: we're asking you now. >> i'm already her co-host in the morning. i have the first cup of coffee with her when i wake up. we have host chat in front of the kids. they're a great audience. gilman is not there talking to us, which is really good. >> brian: i got to tell you, irrelevant think it's good because regis said that the key was not talking before the show so when they came out with the first 20 minute, they'd be fresh. you wouldn't be able to talk to her until the show. >> exactly. many times after something i've done the night before, she's not talking to me anyway. >> brian: that makes for a long 20 minutes. >> yes. i've slept on the couch. >> steve: can you stick around a couple more minutes? >> sure. why not? is somebody else going to follow? >> steve: find out in two minutes. we'll be right back. >> gretchen: you never know on this show. right back "why did i roll over my i.r.a. to scottrade?" "for starters, it didn't cost me anything."