kick out to brian sullivan spots up drains the 3. 21 for him. wild cats up 9.er in the half gw battling back. mcdonald with the steal here. takes it all the way for the bucket. 20 points for him tonight. gw down by 6 points but davidson was too much for the colonials tonight. jack gibbs on the drive up and under for the finish. game high 22 for the sophomore. davidson hands gw the loss 77-66. a few other scores george mason past st. louis 70-50 and vcu lost to dayton 59-55 in a tight one and howard lost to hampton, 68-67. so guys march is almost officially here. you ready? >> that's right. a half hour away. >> exactly. tomorrow first day of march, you will see a lot of different stuff going on. >> exactly. worst time period is around the lunchtime hours and evening hours and looking at freezing rain maybe a little bit of scattered snow in the mid-morning hours and ends sunday night. >> all right. new "snl" next with young woman >>> welcome back. i'm gretchen carlson. [ cheers and applause ] joining us now is former mayor, rudolph guiliani, who got in some hot w

i'm brian sullivan. the cincinnati reference not random.is in for melissa lee. you have a big exclusive with the ceo of carnival cruise lines coming up later on in the show. what are you going to ask him about? >> thank you for that wonderful introduction. the stock is up nicely. the quarter was very solid. we're going to talk to him about what was behind it. was it increased bookings or cheaper fuel costs? also, you know the dollar. >> oh how -- >> jinx. no, but seriously, this is a big deal for tourism industry. we've seeb it already impacting the leaks of tiffany's saying fewer tourists in the united states. all of the hotel chains. especially the global cruise operateors are keeping an eye on this. they did have to cut because of the strong dollar. >> big interview. we look forward to it. also be sure to ask how a boat that big can float. let's bring in mark president and cio of janne capital management. let's get your look at the overall market? does the dow end the year higher or lower than it is now? >> in a word brian, higher and al

. >>> brian sullivan counting russian. >> one two three -- here you go. according to baker hughes tyler, down 41 rigs from last week. interesting for a couple of reasons. one, it's a lowest number of drilling rigs out there. only talking oil now. lost 15 gas. that is the lowest number of oil rigs since march of 2011. what is also interesting is we were down 56 drills rigs from last week. so while we declined another 41 in oil, the rate of deck clination, rigs pulled off slowed down the first time in a while. 41 lost last week. 56 the previous week. price of crude oil looking here up a nickel. not seeing much of a reaction there, guys. canada crushed again, but a lot of weather stuff going on in canada. it's cold people aren't moving rig, whatever. lost 80 rigs last week. canada has lost almost half its drilling rigsdown 41 in the united states. lowest since march 11. again, guys mandy, the rate of deck clination of the rigs coming down slowed. >> you were saying wti up 5.4% now. look at the sectors on the s&p, energy, biggest winner. >>> back to biotech t

brian sullivan has a question. brian?very much, kate john, thank you for coming on the program. a quick question. you said to kate you expect a recovery but why? as we've shown the viewers the average dollar adjusted price of oil over the last 25 years is $48. right now, we're not down. we're actually on the 25-year average. why are you so confident that oil prices are going to recover? >> well i mean, i think when you look at just you know, overall supply and demand we have an overhang right now, but you know once demand growth returns, and it will in the future, you know we will be able to grow supply and be in a good environment. >> because supply goes down or demand is up? there's no sign of the latter. >> brian, we're having trouble with audio. can you re-ask? >> because you think supply is going to go down or demand is going to go up or some combination of both? >> i think right now you got an overhang on the supply which is going to put more short term pressure on the u.s. and storage, but long term demand will, yo

that's just where we're going, brian sullivan.iversity of illinois doubling the size of florida ants by chemically modifying their dna by dousing ant larva in compounds designed to limit the way dna shuts down specific genes. scientists actually produce larger ants. so these guys show up at your picnic, thank you to science. no idea why they want do that, but if they can double the size of ants maybe humans are done. >> people have done a good job of that. >> we've done a big job of that. >> it's called steroids. >> or obesity. >> there seems to be no recourse but more and more businesses are getting into the science of cyber insurance. mary thompson with the details. >> as we say in this business, this is a story that has legs. demand for insurance continues to grow. cyber attacks like the one on sony and health insthurerurance company anthem. first-time buyers of cyber insurance has rose 32%. big burns with over a billion dollars in revenue increasing their limits by almost 23% and so seen are prices up almost 3% for every $1 mi

. >> cnbc's brian sullivan is here with business before the bell and it's exciting. >> it is.at happens to patience? >> taken out. >> ah. >> however the federal reserve walked it back all of a sudden like, whoa maybe the economy is not as strong as we thought. the job market needs to improve a little. bottom line for viewers and listener mortgage rates probably low for a while. auto lending rates, low for a while. the federal reserve completely -- did a u-turn yesterday. shocked everybody kind of. doing my show, markets went literally -- >> i heard interest rates are going occupy at some point? >> we thought that. the federal reserve gauss dovish, we call it and who else is excited? >> kristi noem. >> a rising star. >> from capitol hill. >> first brian sullivan leather hightops. no. >> you have leather -- good god, get it down boy. >> republican congresswoman kristi noem of south dakota. this week republicans rolled out a new budget aiming to balance the budget in ten years. but lawmakers are bearish, a lot of them including some republicans like ken buck who told the "new yor

we're not having a discussion over eight letter word or a 12-point scrabble word as brian sullivan pointsut. a discussion about the future path of interest rates an its potential effect on the economy, p you had it right yesterday. it's a historic moment. >> yeah, look, paul richards with us, now, thinks june, october and maybe even december. and that's what the market is going to have to start getting its arms around once the word patience is removed and whatever else words are in there and how the market wants to react. joe davis, how are you playing it of all the assets under management at van guard, how do you see this? >> i think we'll see a statement that's fairly dovish and i think steve and others on the show really, you know, comment on it very well. i think what i'm looking for is the mention around the pace. i still think it's possible they move in something like [ inaudible ] but that's out of c consens consensus. i think they want to move in a reserved pace and signal that pace going forward. >> how are you playing the market? you've been bullish. >> yep. >> are you a buyer o

. >>> and bringing in c nbc's brian sullivan for interest rates and brian what do you have. >> so the financial world is focused on. it is patient. the fed said in the last couple of meetings they can remain "patient" about raising rates. if that word comes out, it might imply the federal reserve is close to raising interest rates in america for the first time in nine years. so everybody's going to break out their magnifying glass, put fine option on on our browser and try to scroll through it immediately to figure if that one word is gone. may not seem like a big deal one word, but we've been in a zerp zero for nine years, a monumental shift by the fed. nobody expects them to raise rates today but many prominent on wall street calling for a potential june interest rate hike. almost who generations of people mika who have not seen an interest rate environment going up in their lifetime that will be big. brian sullivan. thanks. we'll watch that. >>> now to a british invasion in washington. prince charles and his wife arrived marking the royal couple's second joint trip to the u.s. join

to brian sullivan for a quick news alert. >> good segue off the oil price. baker hughes said 56 oil rigs came off line last week. we are down 595 from this time last year. this is a weekly drilling rig count. canada had a huge drop. canadian recount dropped to 80. canada 1/3 taken off line last week. future production. current production is still at a record high 9.4 billion barrels of oil a day. price of crude oil down as you mentioned at the top of the show, 45.25. we're not seeing a pop in the price of crude oil. takes time for the cuts to work their way through lower production. still, number of rigs. 56 oil risk taken off jobs. couple hundred jobs on each rig i should point out. every time a drilling rig comes off, a lot of people lose their job. >> west texas crude oil hovering now, as brian mentioned, $45. that is the lowest level in a month or thereabouts. more than a month. courtney reagan is covering it all from the nymex. >> it's nothing but it's a very actually busy friday, i should say here. there are a couple of things we have in play. we have

. >> what we just did is called a brian sullivan. >> has john boehner lost control of the house? be back in just a moment. ♪ >> good morning. "bloomberg surveillance." here is olivia sterns. >> thousands marched on four boris nemtsov. nemtsov was a deputy prime minister and an opponent of vladimir putin. north korea is making noise. it launched a pair of short range missiles toward the sea of japan. the move coincides with the start of military exercises by south korea and the u.s. hillary clinton posco long-awaited announcement -- hillary clinton's long-awaited announcement is reportedly near. that would uncertainties within the democratic party and speed up her fundraising. presidential announcement is expected from marco rubio. nxp semiconductors has agreed to acquire a small arrival. annex b is based in the netherlands. both company's are major suppliers of chips used in cars. plow drivers might be pleased boston is near a record nobody wants. they have already gotten 8.5 feet is winter. six inches more and a 20-year-old wrecker -- record will fall. the center of that phone h

. >>> time for business with brian sullivan. how is the watch doing? >> we're going to find out.it is this morning as people are starting to review the watch, give their commentary on the apple watch. apple unveiling it yesterday. a number of different models. prices from $350 to more than $10,000. it is not proof, it's water resistant. people said can i wear it in the shower. tim cook said you can. there's a lot of questions about the watch. are people going to buy it. you still have to have an iphone. it's not going to work with any other operator system. it's meant to keep you in the apple ecosystem. and i want to say happy birthday to the nasdaq's high. 15 years ago it hit 5,100 before falling by 71% to 1,200. we have had a nice market run. people are hoping for not a repeat performance. apple and the nasdaq are the story. and google with a new preach for android system. basically a theft-proof feature for your phone. if somebody takes your phone or lose it you have to sign into your google account to activate the phone. otherwise somebody could do stuff with it. >> brian sul

we're joined by brian sullivan and finance anchor bianna goldrega. why is this happening?omy compared to 15 years ago. most of these companies, the amazons, the googles, the apples you have talked about the incredible growth this company and stock has had over an expanded number of years. and going back 15 years ago, we had pet.com, remember these inflated companies that were here one day and gone the next. >> i was at the nast dak when nasdaq and some of the names behind me, most of them don't exist anymore. there's some concern. i'm not going to throw water on it. inflation adjusted it's 7,000 if we want to do the inflation thing. some concern is apple is too powerful in the nasdaq. that's the one concern. >> so at yahoo! you have been busy. you sat down with a russian activist who is also a close friend who had strong words for president obama about vladimir putin. take a look. >> do you think that putin who has nukes is more of a danger to the western world than iran would be with nukes? >> putin is an ultimate danger for everybody because iran even with the nukes is n

. ♪ >>> i'm brian sullivan and at the top of the hour so much for the yell and pop, making a u-turn.the end of the year? working to find you opportunities, we have dug out three oil stocks where some of the biggest moves down are they buys or should you ditch them, and joins us at the nasdaq but back to tyler and morgan. >> thank you, west texas dropping 3% look at oil over the past six months crude down 50%, and brent down 40%. >> and oil plunges, the energy sector share 18 % of the value over the past six months so there is one area of the oil patch that's not only bucking the sector slump, but outperforming the broader market. morgan bren nan is drilling down on it, if you'll excuse the pun. what are we talking about? >> it's an appropriate pun. before we get to it i'll stand corrected and say we showed you a mystery chart coming into the break before and that chart was tosero up 25%. this goes to the group we're talking about, refiners. no surprise. in general, this refining sub sector is on a tear up 13% since the start of 2015 and that is versus the broader energy sector which

i'm brian sullivan with melissa lee. have been listening to the president comment on iran and israeli prime minister benjamin netanyahu's speech before congress. president saying he did not hear the speech directly but he will go back and read the transcript. let's get a recap now and go to washington d.c. with john harwood. john. >> brian, you heard after prime minister netanyahu delivered a speech that was great political theater, the president just responds by saying i'm not interested in the theater, i'm not interested in the politics i'm focused on solving the problem. he tried to diminish the impact of what prime minister netanyahu had to say by calling it nothing new, and he said that if he signs off to a deal he will be able to prove to the american people, to israel, and to politician that is it will be the best alternative to prevent iran from getting a nuclear weapon and said it would be a grave mistake on -- for him to pass up such a deal and won't do that. of course we're not going to know that unless there

brian sullivan and melissa lee are both off today. i am going today by sar why eisen at nasdaq.ng in midtown? >> we're keeping an eye, tyler, on the nasdaq because it's also pushing higher in this broad market rally. right now we are looking about a gain of a little more than 1% for the nasdaq. triple cues also moving by the up side. about 1%. we talk a lot about biotech on this show. check out the biotech etf. ibb is the ticker. solidly in the green. almost a full percent with less than two hours left in had the trading session. also, we've got semiconductor stocks on the move. jumping today on deal chatter. we're going to talk about deals in both health care and potentially in the chip stocks. >> all right. sar why, let's get more on today's rally. with us now, eddie perkins, chief equity investment officer with eatan advance. it's been a bumpy first quarter with more volatility than we've been accustomed to. as you look ahead to the second quarter, the remainder of this year, is what we've just seen in the rear view mirror, what we're going to see in front of snus. >> i think

brian sullivan told me someone from the staff told me -- the show, i'm trying to remember which guy -if you add up the timms, what's interesting, tim said these products are his. >> yes. >> these are his. he didn't put it like that he wasn't being huberous. he has no hubris none. >> total humility humble man. >> you told him, he's the best we have you said maybe one of the best we ever had. >> look i think that this is -- this is a company that has not skipped a beat, which is not supposed to happen. created morewellwealth. the apple pay, he is confirming everybody's going to have to have it. that's something that the retailers did not think. i know a very large retail that told me don't worry, we're not going to go for it. i told him, i said do you really think it's up to you? it's not up to you. it's up to the customer. the customer wants it. >> after that regeneron, chipotle, pepsi, boeing sherman, iger what a week. >> we have -- again, our team led by regina fabulous booker. nothing to do with me i'm book two of the guests i booked two of them. but we have people people should kno

i'm brian sullivan. melissa lee is at the nasdaq. welcome, everybody.uring out which way it wants to go. we have an important guest on right now because he not only runs a gas and small oil company, but one that is making some big moves on its balance sheet. something hundreds of millions of dollars worth of assets and paying down debt. cnbc exclusive is the ceo of southwestern energy steven mueller. we do appreciate you coming to the program. are these moves a sign? you are primarily a natural gas company, the fourth largest in america. are these moves a sign that you do not see the price of natural gas or or oil rebounding any time soon? >> our most recent dispositions helped finance that. what we did was basically double the size of our company with that acquisition, and it's almost all natural gas. i'm a bull on natural gas. >> okay. so you grew and now you're divesting. that would seem within 12 months a lot of people investors, might say, well do they really understand what's happening in the market? square the two. square the deal. now square the

. >> with that let's go to brian sullivan because we'll have the beige book at the top of the hour. you. >> it may not be boring at all because it surveys all the fed districts and comes out with some sort of a macroconclusion about what the fed is thinking when we have that right now with steve liesman. >> thanks very much brian. the beige book for the month of february. the collection of economic from the 12 federal reserve districts says the economy expanded in those regions. the words moderate and modestly we use to describe. u.s. spending was on the rise. retailers were opt mythsic, though, and job gains were seen in a broad range of industries and sectors. wage pressures were moderate but they did show some reports of wage hikes not connected for the first time to those in sdwrus skilled, but also in some unskilled indexes. the beige book in a sense, this time was a little bit white. a lot of mentions of weather. 36 mentions of weather. take the january and february from last year. there were only 25. minneapolis, fed said reeshgs tailers out there can't sell winter clothes be

. >> hand it over to you, brian sullivan, with breaking news. >> all right, mandy and tyler. very much. we have much more on the markets ahead. we begin this hour with some new developments. what is the latest at this hour? fwroo we have the black box, and that's encouraging news as they're looking for answers as to what happened with this german wings plane. within the last 45 minutes, the frerchg interior minister confirmed to nbc news that they have recovered the black box. now it's a matter of how quickly they can get it from the crash scene to a lab likely in france although we're not sure exactly where they can start to analyze both the flight data recorder as well as the cockpit voice recorder. that will tell them what was happening in those final phenyl nine or ten minutes of the plane when it was doing a fairly rapid descent. that's the latest foot thaj we've just received in. you can see that the crash scene is spread out over a wide area of debris that was strewn over the area as the plane crashed into the alps. here's that descent we saw going from 38,000 down to

hats off to brian sullivan calculating it's a 12 point scrabble word the word patience.ke. in the first survey it was december. now it's seen in august. that would be inthe first in nine years. the fed should see the balance sheet decline. it had been 2016 same calculation, april 2016. moving to how long the fed will be hiking rates for tfers theit was the first quarter of 2018. a big part of the market thinks that the word patience comes out. 69% of our 38 respond ents see the word patience being removed from the statement tomorrow. one more chart i want to show you which is the slope of interest rate hikes. we bring this out to a lot of numbers here but here is what you need to know. this is the end of 2016 down here. still under 2%. that's the forecast right now. going out to 2017 the end of 2017, just at 3%. they see a pretty gentle slope. fed removes patience tomorrow but it will still talk patience bill, in its statement and in its other communication with the market. bill? >> we were talking about finding a sinynonym for patience. we have restraint, self-control t

i'm brian sullivan. melissa lee at the nasdaq. the dow is flat. oil making a huge move down.though apple's itunes store and app store are also still down. apple shares are down 1. -- yeah, 1.1%. let's go down to josh lipton for the latest. josh. >> more information on what exactly happened at apple today. customers around the world might have had a tough time making purchases from a number of apple services. the app store, i tune store, it is mack app store have been down. in a statement to cnbc apple saying the cause was an internal dna error. what does that mean exactly? you can think of the dns as a giant address book. it tells your app where to go on the internet when you are searching. a dns failure means your app can't find the apple store. apple says it's working to make all the services available to customers as soon as possible. we'll keep you posted on the company's progress. back to you. >> you know, josh i will say this. i downloaded 8.2, the ios last night. i was a little surprised. i'm sure it has nothing to do with the story, but the apple watch app showed up o

i am brian sullivan with jim cramer live from the new york stock exchange. both carl and david are off. stock futures are bouncing out a bit. we've got a big economic day as well. existing home sales, 10:00 a.m. you've got the federal reserve, stanley fisher speaking at noon. oil down across the board. again, saudi output rising to a near record 10 million barrels a day. of the 50 or so oil related stocks that i follow only about ten, 20% are up over the past month. all down more than 20%. goodrich petroleum down more than 40%. one group that has been completely i think ignored, the offshore drillers. they're down worse, when you've got the -- hercules offshore. you can't even mention it now. >> all difficult. ensco, a very modern rig system. the number of rigs coming on is shocking. people don't understand it's about supply not necessarily demand. >> the ten-year treasury yield at 1.92% or so. again, down from our recent highs. but let's not forget jim. yes, we're down in the near term, but we're actually higher than we were by about 30 basis points for our

i'm brian sullivan. meltsa lee at the nasdaq. up for you in this program. believe me, and maybe you can get them at a discount because stocks are selling off. the dow is down 256 points right now. let us go to bob pasani on the florida of the new york stock exchange where another day is in the red. >> it's been a lousy month of march. i think we haven't put together two up days in quite a while. the important thing about today, we had two legs down. take a look at the s&p 500. sectors to the down side some of the high beta names have been notably week. financials are weak as we've had lower rates today. generally rates have been moving to the up side. material is a little weak on the strong dollar. discretionary, some of the home builders to the down side. we have been obsessed today with the dollar strength. it's sometimes amazing to me. i don't like telling the market what it should be doing, but we have been essentially rallying in the dollar for three years now since 2011. can you see that rocket in the last year for the doll

welcome, folks torque the second hour of power in for brian sullivan.ick things off with the triple digit slide for the dow. you're looking at all 30 dow stocks right there. is any one of them green? no. that adds up to about a 250 point decline in the dow. that heat map is going to get one big makeover in less than two weeks from now. let's see if we can find telephone. there it is. $33.53. after market closes, march 15th am comes in. at&t, which has been a dow constituent since i think 1915. it is out. melissa lee, since you are at the nasdaq why don't we start with apple. >> which is by the way, in the green today. up by half a percent. i'm joined by walter analyst at btig, corps both apple as well as at&t. welcome to you. we are just discussing about the funds index to the dow. it's pretty diminimus. >> it's not a big indexed fund. it's almost like apple it s providing more credibility for dow than the dow giving credibility to some company that's getting added it. >> in terms of at&t i'm curious your take on this. is this underscoring the notion th

i am brian sullivan with jim cramer live from the new york stock exchange.sting home sales, 10:00 a.m. you've got the federal reserve, stanley fisher speaking at noon. oil down across the board. again, saudi output rising

before the bell with brian sullivan. here with us onset, news and finance anchor bianna golodryga. ifferent because there's a real chance that we could see our first interest rate hike in nine years later on this year. people are looking to the june meeting, the september meeting, it's all about the language. we have a two-day fed meeting. the price of oil continues to slide. you have probably talked about the iran deal. we might see iran releasing more oil. another 800,000 barrels a day. the world has too much oil. we're below $43. the good news for consumers is that gas prices are likely to fall again. for the folks in texas, that is not good news because they have been shutting down oil rigs and cutting jobs because of this. >> let's go back to the fed meeting. you mentioned they would be parsing words on wall street. that's where you see the disconnect between wall street and main street. if we see action or hipts of action that means the economy is recovering. yet wall street is not going to like that. >> i like your point. this is one of these differences. most of us live on m

time for business before the bell with cnbc's brian sullivan. past of our we i'm who run things" series. first, the headlines. brian what are you looking at after a very tough day for the markets? >> right. sallie is the perfect person to comment on. truly in her realm, global macro. the world's attention is focused on letters to iran and e-mail servers, don't lose site what's happening in financial markets. it's not just about stocks. a global economic story. the u.s. dollar on a tear. sounds like good news may be long term. issue, if you're an american company looking to export around the world suddenly you are far less competitive because your costs have gone up. euro in a free fall. cheaper to go to paris on vacation but u.s. kpips spooked about the use of the u.s. dollar and price of gas under $50. looks like we could gelt our first federal reserve interest rate hike as early as june. many of our guests said to us many times, interest rates could move up as early as june. there's literally people almost had an economic lifetime without an i

i'm brian sil sullivan.which is at the nasdaq and this big 5,000, but knowing the nasdaq melissa, there's no hats, there's no streamers, because there's not a lot of people there. >> well there are plenty of people here at the market intelligence. we are about eight points away from nasdaq 5,000. nasdaq cracking 5,000 for the first time in 15 years. we've only closed above 5,000 two other times both back in march of 2000. keep in mind we are still about 50 points away from an all-time high of 5,048 for the nasdaq, and we are still 38% away from the composite's inflation adjusted high of 6,900. there has been one stock story, brian, that is really fueled the run to nasdaq 5,000, and that is apple. take a look at the chart behind me. the nasdaq 100 with apple, which is this blue line here and the nasdaq 100 without apple, and you can see this discrepancy. year-to-date the nasdaq with am is up 5.3%. without apple it's up 2.7%. a huge driver in terms of so far this year brian, the gains. >> a couple of things. i