we're seeing cap ex cuts and hearing about more rig count supplies. that production will eventually start to slow. some people are doesing is this the bottom? some people are saying they might spike before we head lower. meantime, i do want to talk about gas prices. seven straight days of increases now after $123 days of declines. $2.06 is where we stand, and a lot of people think the party is over there too. back to you. >> thank you very much. >>> well, let's do something you do every single day. street talk giving the analyst calls on stocks that you need to know about. the first one is jc penney. coverage with a big fat sell. >> yeah, jcp is up a little bit. not reacting to that call. the notice is better than bad. isn't quite good. they simply say this. the shares are overpriced. given jc penney's ability or lack thereafter to grow earnings. no price target, though. remember, this was $11.30 stock back in september. >> okay. moving on to stock number two. this is another sell. deutsche bank says sell windham worldwide. >> that stock is down 2.75%

. >> one of the questions i would have going back to the whole thing very quickly is cap ex.re is certainly a tailwind for a lot of consumer names we might expect. some haven't reported as quickly as we might see. the justification is that the fact that rates have been so low. i am tourus what you think or if you have modeled out what that has to be? >> i might think as cap ex as a story that has to eventually return. they can't let assets deplete. it is over the first time in history. consumer durables have never been this bold. i think we are really waiting for everyone to feel there is a reflation signal. that's a real catalyst for spending. a bit of a chicken and egg. i think it is an eventual. >> year-end target, some of it is guess work. are you assuming quite a bit of earnings. you are at $129 for the s&p. how much multiple expansion gets you to your 23/25 and some of the other strategies. >> i think this is a -- earnings have done something very curious this year. we saw some really aggressive cuts, specially from resources and industrials. i almost wondered if people

the january recount number was eye-popping, and also cap ex's announcements that we've heard from all the oil majors and all the companies about how much they're pulling back of cap it ex. that's good news. remember, production is still going up. that's going to continue but the process isn't like flipping a light switch. our production in the u.s. is going to go up at least two the first half of 2016 and, by the way, opec's production in january was up over december. you know the supply response will happen. it just takes a while. this may be a bit of a head fake bounce here, but it's constructive to see, you know a few days stabilization as commodity prices that help the broader market. it's encouraging, and it may not be the last but it's certainly working in the right direction. just be careful not to -- >> john why don't you weigh in on that? we did see exxon with the results, and everybody thought they would cut cap ex and they didn't. they are raising dividends in various parts of the sector. how do you feel about big oil? >> i fwrae with art. certainly for the health of the en

i talked about capitulation, when cap ex spending was being cut, i think that will lead to a bottom in because, obviously, the increase in supply even if demand doesn't go up, i think that's going to help find a bottom, and that's going to be important going forward. >> the tech sector rose, and most of the spending went up in the marketing budgets 25-27%, and i think investors saw that and reacted to it very well. deirdre: and, of course, apple. we've been saying even in the past two days, new all-tomb high for apple. >> they have a ton of cash -- deirdre: $178 billion. >> buying back shares, dividends are going to increase, they're going to continue to spend money in r and d, so i have a -- deirdre: and carl icahn saying, apple, what are you, kidding? $1 trillion is where it's going to hit. he's making bet withs on that. >>> hold that thought. men and women measure risks differently, women easily outperforming men. we're going to show you the stats, talk about the reasons. we are back to make you more money in just three minutes. ♪ ♪ ♪ ♪ tigers, both of you. tigers? don't be modest.

. >> are the cap ex announcements that we've seen from a lot of the oil companies, royal dutch shell, chevron, said you know what, we're not going to give guidance for the year, we're going to wait for the march analyst meeting. sort of an acknowledgement that they can't really make that forecast right now with the oil situation. >> the first thing is you have to look at what has been performing in a bad market for the crude space. and you've heard me say it before, the refiners. exxon mobil down 3% year to date. valero up 9%, 10% year to date. i would still stay with the refiners. i don't think this is done. you're going to get inventory numbers. it's going to show a huge glut this week. i think it's going lower. >> i think a question. timmy, if you were to see oil not go down and just be flat, do you think the oil related companies go up? >> yes. absolutely. because people are wondering where the bottom is. so then the next place to extrapolate is the oil-producing countries, so i get asked about russia all the time. i think with the absence of those political risks but just a pure

the amount of money being poured into these businesses via cap ex and research and development.s absolutely surging google allocated 35% of their revenue in the most recent quarter while facebook invest 42 percent of their revenue. amazon, notorious for not bringing any cash to the bottom line only put in 13%, that was up from last year but down there 16% in 2012. the internet stocks, a lot of money to be made here. we're going to talk about them and this technology war in general, guys. it brings us to our next real, real deal. let's talk about this, the fine line between spending too much in r and d and cap ex or really is there stuff a thing? -- such a thing? i love seeing high-tech drug companies. when i see a company skimp on that, it's a semifor me. so, darren, where do you fall on this? >> i think it's a balance. you have to invest in r&d, but at the end of the day, you have to manage your cost, so i think somewhere kind of in between is -- charles: you don't worry if a company -- for me, these ceos who get caught up in the quarterly earnings report, it's too myopic. if i

what we're seeing is oil companies be wietquite balanced on cutting cap ex.digit cut as much as possible and yet they promised to sustain the dividend. if they can do that which we feel they can, we do feel they can and that's a healthy balance so they perhaps won't be the impact won't be quite as negative as people think. >> there's also an interesting story too. >> a lot of different factors to digest. you have the oil prices russia and then of course greece. that continues to be an overhang for this market. would you allocate capital into sectors for defensive and less vulnerable to the uncertainty around greece? >> one of the challenges you face now allocated into defensive sectors, are they incredibly expensive now? particularly health care staples, staples have disappointed. >> they've had a massive run over the past one year. >> you pay up for that defensive yield. we see the opportunities of companies where you're being paid to wait for a recovery. particularly -- see the energy sector within europe you can get around 5.5% dividend yields. so you are

. >> cutting cap ex is a situation, low commodity companies have to do it. it's difficult to get it right at this stage of the cycle. you're cutting down from the expectation of 25 or $26 billion a year but down to $20 billion a year. but wouldn't you like to be increasing it at the moment? picking up market share and assets? >> you're right. we're one of the longest wavelength investment industries in the world. sometimes it's seven to ten years before there's a revenue and you have big projects that are like a horse halfway across the river. you have to keep going with those. but others you step back and we know the costs are going to rebase themselves. >> you're putting a salary freeze in. you're cutting costs aggressively. this industry desperately needed rebasing of costs. is this just giving you the opportunity to do something? as hard as it may be that was desperately needed to do? >> we needed to do it to put bp in a world that might be $50 oil for some time and in addition very complicated company after our events in 2010. we were going to be stream

number one cap ex is being pulled back. starting to see a lot of what we call these marginal wells, the term in the industry is stripper wells, it produces 15 barrels or less. i saw your look. 15 barrels a day or less. those are usually old conventional wells. they produce 800,000 barrels a day collectively in this country. if those came offline, could be a game changer for the price. but i think cap ex will go back into the system once oil rebels. in march big debt is due. if you're levered up you have a big debt payment coming up. >> a final question before we go. we're talking about other financial factors. the u.s. dollar, investors piling out or staying in. can be we confident with the big drop we saw last year this will be ultimately a supply/demand call? >> i think some of this is obviously volatility. speculators causing this to come down. 1.5 million barrels a day of excess supply does not dictate 60% reduction in the price of a commodity. i think we will grind back up slowly. sometimes the harder you fall the fast

goldman sachs just lowered their projection for cap ex this year from plus 6% to minus 3%.we're also hoping for the consumer to come through. the consumer the sentiment level is really high but the actual consumer behavior is not that great. the consumer is not spending. so i just think we're seeing the crystal ball for the future is not real great from what we're getting from earnings overall. >> one of the things i want to say about under armour, a lot of consumers consumers, including my 12-year-old son who is totally into basketball, as a parent buying for a son, they don't like to discount and they're getting into what a lot of consumers of fitness gear are into which is technology based fitness like my fitness pal. consumers are using it. >> sports apparel is growing at 9% on average versus regular apparel that's growing at 2% on average. >> i'm surprised it's even positive for regular apparel. >> that's right, i know. >> you wear fitness clothes on the weekend pretending they're going to go to the gym. >> under armour catches adidas within the year. >> i don't think

ubs estimates they will spend close to $5 million this year in cap ex which is up from last year.e can see from this industry that the tables can turn very quickly. with the iphone six, most are manufactured at tsmc. they're coming aggressively against samsung overall. >> how will it help suppliers? >> when it comes to the asian suppliers, we are talking about tokyo 16% of the revenue comes from tsmc, 25% of the revenue. things get more efficient and things are more high tech and the chips is this is increasingly competitive because it takes about $5 billion to build one of these modern plants. in the end they are obsolete in five years or less and the company has to operate them 24 hours a day. >> let's take a look at some of the other stories making headlines. >> authorities in the u.k. are investigating the hsbc services. the financial authority says it wants to -- sources say the fca does not plan to open a formal inquiry as of yet. these pictures show that they are allegedly damaging $200,000 machines. the mirror says it expects the value of ipo's in japan to reach highs not

got a big cap ex cycle. think we're going to see mergers this year that act as a catalyst for stocks. >> a stronger dollar -- i mean we have better buying power overseas as a company as opposed to the other way around. >> david, it's counterintuitive because we looked at over 30 years of merger data and you would think hey, with a strong dollar we go on a shopping spree. turned out, companies want to be where capital will have the best return which means they chase strong currencyies, relative growth is strong here. that's why the mergers come this way. >> any sectors in particular, you're looking for that to happen in? >> typically, it's actually the industrials, health care and materials. that's really where the mergers take place. health care is unique. but industrials and materials the companies are so interchangeable. i think that's why really mergers take place where you want mergers to take place. >> back to the consumer for a second. we haven't seen that spending uptick that many have talked about as

i'm not likely to see a six handle any time -- >> so do you think that now these cap ex budgets we just got have to be revised again? >> we've talked about this. you can say that you're low in if oil prices allow you to, you can raise them towards the end of the year. what you need to see are real numbers -- >> dan, we have big job cuts some firms, though. those are real. >> so far, small. >> those could go up. >> big time. i think we're going to have to see a couple hundred thousand jobs come out before oil is bottomed. real production numbers go down. for that, you're going to have to see another six or seven months i think at least four of these slashing of rigs before real production cuts hit the market. >> the poerm for big capex cuts, dividend cuts or job cuts or you should fade any kind of move you get? >> yeah, i'm very negative on energy here. some of these price moves, as dan says, he hasn't seen these huge job cuts yet. market prices are going to -- just going to keep working with the fundamentals in this negative feedback loop. i don't think we've seen the end of that yet. n

to me, bp came out saying they're cutting cap-ex. you see that at the bottom there. to me this feels like trader driven rally. feels like there is position they're covering or momentum. doesn't seem like there is a lot of logic. wan to weigh in rich. >> i usually don't weigh in on trader driven rallies but feels to me the price is relative blip driven by seasonal factors. again, this is something that the drop in energy prices is good for the entire economy. every player in the economy except for some of the energy producers at the march against. melissa: right. and the labor in this field. president obama set to meet with his cabinet minutes from now. headlining the agenda, trying to push through the 4 trillion-dollar budget proposal. the white house is drawing a line in the sand, with president claiming he won't net on defense spending parameters. monica. >> meet the new obama. same as the old obama. nobody should be surprised by this either. this is the sixth time we've done this go round. every time he presents a budget it's a political document. it is not a seri

limited, and that's tanks to crude oil's 50% price plunge in the past six months, which is fueling cap ex cutbacks and layoffs. that's something we've talked a lot about on air. cheaper oil is benefitting the refiners. that's one reason it's demanding bigger pay raises. analysts expect the price to have a minimal impact on prices. just like in 1980 gas prices specifically since refineries can still operate with skeleton staff of managers. tesoro for example, has said it's keeping two refineries running. nonetheless, we are seeing a pop in today in petroleum products. particularly gasoline futures. those contracts. keep in mind we're also seeing a pop in wti as well today. >> sprint too. >> exactly. >> morgan, thanks so much. appreciate it. >> dominik is back with a market flash. dom. >> we're watching shares of tesla. the electric carmakers. the stock is moving higher after analysts said the company is a net beneficiary of a strong dollar. tesla uses mostly parts from outside the u.s. as they gain in value, the costs are relatively lower. price target at $385 a share. you can see the shar

coke to me has catalysts in terms of how they are cutting cap ex.e making acquisitions of some kind. we've seen what they've been doing with green mountain. we know what they've been doing with monster. i think it's a company that's undervalued. i think with the activist environment out there, it's another place where people will be saying lever up this balance sheet, it's underrated, and they're probably calling me now, excuse me. it's a place where i think you can make a play. i was long on the stock. i got longer. i liked the direction here. i like the technicals and the dividend. >> coke? >> you know what? i think i'd rather go green mountain, primarily because of the acquisition. i don't disagree with what tim is saying. i think he makes excellent points. i just think there's a little more juice. >> mcdonald's. second day in a row. it's a real powerhouse. bottoming the stock now? have we seen the worst? >> it feels that way, right? it's still in the prove me stage. i think there are better places to be in that space. i'm with bk, though. gmcr.

that's really something to watch because in addition to cutting jobs and cutting cap ex we are starting to see producers sell some of their pipelines to drum up capital as well. we have got reports that incana and pioneer national resources could sell off midstream operations that are considered so valuable. taking a look at stocks schlumberger up today. all the oil field services companies, most of the energy sector names are up in general today. of course, that's on the back of crude prices moving higher. also seeing the same with conaco phillips. in general the energy sector has just turned positive for the second time this week for the year. >> thank you very much. sue? >>> it's been called one of the biggest hack attacks ever. anthem the nation's second largest health insurer, hit by massive cybersecurity breach exposing information on up to 80 million people. bertha coombs joins us with the latest as does eamon javers. bertha? >> this could be one of the largest breaches ever of a health care company. anthem officials say they discovered it themselves a week ago today and containe

we also know about all this cap ex and all of that adjustment as well. but i think you also have to take into account the shorts have been caught. i don't know that they're getting unwound. i think they're caught and trying to chase this thing. you're seeing these explosions. how about just today alone? the late explosion as oil started to fire up to the upside, got to 53. look at the ovx the way that exploded from 57 towards 60. >> you think it's going back higher? i would be selling oil vol. i think we priced in so much mania, and that a lot of these extreme moves are behind us. >> well, the idea of selling it, that doesn't sound bad because you're right at the highs. you're literally around 60, 61. and the range has been very, very tight recently, but it's been between 50 and 60. i think right now you'd better be careful, because the move down could be just as swift. this is no longer a market where everybody steps up. it's elevator up, elevator down, elevator up, elevator down. >> we've got more on which oil stocks to buy later in the show. meantime,

you know, energy is only 10% of the s&p but, of cap-ex it was closer to a third. so i think -- liz: is that why you're picking i-shares russell 3,000 index instead of an s&p index? >> yeah. a broader base. mentioned it earlier, with russell 3,000 you're getting the whole u.s. market. bigger companies certainly have more foreign earnings. smaller companies are more domestic. one way the small caps lagged the large caps last year. another way of rebalancing your portfolio. very inexpensively. david: hey, alan, a lot of people still interested in gold. they see it slipping way down. time to buy in there? >> well i'm easing into it. 1215 level is the mid point of the december lows to these recent highs. i think here at these levels as the dollar backs off that could be a positive. but if you look at correlations, there had been between energy, between crude oil and bold, look for that to get connected again. you can see how crude is maintaining above the 50 level. if crude takes out 54 there could be another round of short-covering and that helps all assets and resour

they added transocean has high leverage levels and large cap-ex requirements, liz. about now could be great to be cozy in choice oat hotel, cozy in the stock. it is hitting 52-week high today, after reporting better-than-expected earnings. the stock, up more than 34% year-over-year. so what is behind its record-setting results? what is the hotel chain's outlook for the current quarter? joining me now in fox business exclusive. we have choice hotels executive vice president and chief operating officer. not easy, at a time like this when the economy is slightly murky. to get these kinds of numbers but you far outpaced both earnings per share and revenue. if you could say one thing at that really drove numbers this time around, what was it, patrick? >> really consumer demand for our product segment. we really saw consumers in the mid, moderate tier come back in droves. hiring going on, employment levels come back to where it is really, great time for mid scale travelers to come back, get on the road again. they're being hired in for jobs. when you have money in your po

think we're seeing rapid response by some of these major players around the world cutting massive i cap exgs -- liz: rig counts. sliced off. >> canada is just done, you know? the marcellus eagle, you know, they've all been hit pretty good. so we've seen a rapid response from some of the key players in this country to what i think has been an intentional war with saudi arabia to sort of take back market share and derail our program for a year or so. listen, it may work to a certain degree, but it's interesting because, you know, the question you pose about selling these or buying them, i think everyone knows that oil will go back up at some point, it's a matter of when. liz: so pick up some names, is what you're saying. >> i think you have to if you're an investor. i put out a special report to fox business viewers with eog at the top of the list because they're one of the best names out there. they're in eagle fort, they know what they're doing. i like exxonmobil a lot. late last year -- no, it was the international, one of these big international bodies put out a 100-page report on crude

it usually comes with rhett -- with less cap ex or we structure the deals around other types of structurese with less capital deployment. francine: you said you want more contracts from industry such as oil and gas. the contracts will go down and you have to change or a daft your strategy. >> it is fair to say it is one where we have spectacular successes. it is true that some projects will get delayed until oil gets back to higher prices. at the same time, the pressure on prices means oil majors need to do more in terms of adjusting their own cost and keeping the license to operate where they have profitable fields, which means we still have a lot of conversations going on for new projects cultivated terms of better efficiency, better recovery, or environmental cleanup, which is necessary for many of the new, nonconventional oil and gas operators to go ahead. this year may be less of bullish orson order because of the oil price. long time, we have no issue. this is only one among many new segments in which we are targeting commercial efforts. guy: in the past, you have had your fingers bu

huge cap ex cutbacks. you will see the fault late this year. manus: you can join the conversation.as fast as you can talk. her levels have improved. mark: it leads perfectly into today's bar chart. the word over oil. next. ♪ >> is the worst over for oil? yes if you listen to peterson. he says the consolidation of the supply side followed by a supply drop, the next stage will be driven by a recovery. let's see how far it has come. that yellow circle right there $46.59 on january 13. since then it has risen by 34% in 36 days. it is also on track for the north consecutive weekly gain. the longest winning streak since september 2013. brent is of course 46% below the purple circle. that was june 19. top to bottom a plunge of 60%. is the worst over? a shrinking number of u.s. oil rigs is bolstering views that the rebound does have further to run. other bullish factors include opec. the iea says a faster economic expansion will help demand growth accelerate. throw into the mix bad weather lower production. that is boosting the outlook for oil. chuck into the mix, an etf tracking oil. also

cap ex. it is good to get cap exinto productive returns. >> mining and oil companies are cutting.posed at all to mining or oil companies, but you -- if you were exposed within the last month or two you would have had a nice 15% rise. why aren't you? there is one copper producer you're exposed to. just one, that is it. >> a company that takes a margin from a royalty margin from some of the larger coal mines in australia. their share price is very low. they have taken on another mine. yielding 10. this is fantastic stuff. there are opportunities of that in the market. >> thank you very much. 3 >> join us on -- >> join all of us. >> i'm at anna edwards news. >> i'm at mark barton tv. >> manus at manus cranny. >> has gold fever faded? stay tuned for that. >> has gold fever faded? from november 5 last year, 2013-2015, from november 5 last year through january 22 thnd year there was a steady progression. since that day, gold has fallen back and dropped almost 8%. it has fallen for four consecutive weeks. this comes after the precious metal slipped by 1.7% in 2014 dropping for a second y

. -- cap ex spending coming down. on the flipside, production is still increasing. the u.s.ing production increase. the saudi's and opec are not letting down. they just reduced prices for march in asia to a 14 year low. it is just a very random outlook for investors. >> thank you so much. joseph dayan. >> still to come on "the pulse," french luxury giants beat estimates. we will have that story next. >> let's check on the athens stock exchange after we had that breakdown in communication between the eurozone and the greek cabinet. it is down from 0.9%. markets may be a little bit complacent. >> the bank stocks certainly have come back and little bit. -- come back a little bit. if you want to see volatility, check out assets. follow us on twitter. ♪ >> welcome back. caroline hyde joins us. if you look at the breakdown gucci has been down. some of their brown's -- brands are doing well. >> yves saint laurent is killing it for them. that was a real ray of light. they are still cooling slightly. gucci is not quite as stellar as it has been in the pass. gucci is the cash cow. it

anna: talking about the cap ex that is big but then you compare that against the revenue they are gettingis and bt expects to generate 1.6 billion pounds. bt is about the quad play. there are some costs but this is about growing the top line. "countdown caroline: and loyalty. they do not want everything to be provided by one player but they do. manus: i have always had the two things as being separate because i go back, sky told us that their churn rate was low. people are not -- now vicariously i have become a double player, even quad play with bt. i am the kind of customer they really want. anna: it stops to jumping and this is why the companies are scribbling to make deals. there is the most amount of dealmaking in telecoms and a decade. the u.k. is catching this wave bt have started the fire blazing. now we have sky offering mobile. caroline: we won't go there. manus: [inaudible] mark: more breaking news. manus: we have asked her zeneca. they have missed on their numbers and they are doing a deal. earnings per share at $.76. the estimate was 85. they missed on headline numbers but he

. >> they cut cap ex. should they have cut their dividends as well. >> they should clearly take advantage of the bond market. it's poor results in the equity world. it can that same day go to the bond market and they have three to four years to get their houses in order. clearly they're running if negativity like that keeps going. prices might normalize and demand becomes more balanced. will they be looking at prices near 65 or 70? yes. i think the share prices are very very boring. >> do you think it will continue to drive the ftse higher as we get into this area where now it doesn't seem like the u.k. is going to raise rates in 2015. that puts the investor in an interesting situation that can find yields in the u.s. but the ftse 100 does have a higher average yield than the s&p 500. >> absolutely. it yields almost 4%. what i should say is this is the most curious thing that i think. we think rates cannot rise. fundamentals are better. this is the first year in six years that western economies can take th

. >> we're hearing all sorts of cap ex and then also taking a look at u.s. silica.weak results. raising its bad debt expense. u.s. silica saying it will no longer give ebida guidance because of lack of visz eblt into the oil and gas markets. you pair this brian, with what we're hearing from chevron. just the biggest bond offering by a u.s. produce arer. $6 billion in bonds because it's shoring up its balance sheet in case of further oil decline. >> you know that silica market the sand market for fracturing is not a very big market. you got a lot of little guys like one-off trucks. the fact that they do not have visibility into their customers means their customers don't have visibility into their own business because they would tell them. >> take a look at silica. >> the ticker on that one. then also the other publicly traded ones -- those two are getting hits in today's session. >> thank you very much. >> let's talk more stocks. every day at this time. trying to walk through five analyst recommendations of stock news that you need to know about. let's do it. your s

we saw cap ex was advised upward. >> just to go through some of the industries in particular this month that have done quite well, we're talking about construction materials up 23%, personal products, communications, auto components automobiles. media was having a pretty good month. do you stick with what's working or do you look for value elsewhere? >> we're looking for value. we think it's going to take a while for the consumer to internally the low energy prices are around. we any they start paying off debt and then they start to buy dining out and buy alcohol, those are the first two things they do and then start to internalize it into spending habits. we think consumer durable goods will start to take off in the second half. we want to start positioning for that now. we think that's the story for the rest of the year in the consumer space. >> d.r. and let me ask you about oil. we have seem to have stabilized in this band between roughly $45, roughly $55. we're right in the middle there. when the markets are stable -- when oil is stable, the markets are generally more stable. what d

the first is the refinery spike starting to spook some traders but also the news of the cap ex cuts and rig declines are impacting the market. people are starting to forecast that u.s. production is going to decline in the back half of the year. still there are those out there who say not so fast. this could be a head fake. we don't always see prices move lower in a straight line and this could be a technical bounce to the upside. some people making a quick profit. we could see that $60 range before we see a three handle. back to you. >> all right, jackie. thank you. despite the rally, we're seeing low oil prices giving truck leasing company ryder a boost surpassing wall street expectations in its fourth quarter results. >> joining us right now, we welcome ryder system ceo robert sanchez. >> great to see you, bill. >> is it the economy that's helping -- giving you that tailwind or is it the lower price of oil? tell us how that quarter went. >> well fuel at ryder -- we resell diesel fuel to our customers so it's primarily a pass through with a fixed dollar markup. it's really been the ec

and they actually have the cash on their balance sheet to do the cap ex. apple just did $2 billion in europe today. they can do buybacks they can buy other companies, and they can issue dividends, all of which apple is doing. >> and the other big story that we have to follow here that influences the markets, janet yellen will be testifying to congress tomorrow and on wednesday. you've got something in the back of your mind that says you're kind of waiting for some hawkish surprise from the fed. what are you waiting for? >> well i'm waiting for the market to start to really compress the gap between where fed fund futures at the end of the year are priced and what the fed is saying. it's a 75 basis point gap. at some point i think the market may have the fed a little too dovish. i don't think yellen will do anything shocking tomorrow but if she's a slight bit hawkish, i think we could see bonds continue to decline. >> at the same time we just had knew murrah who said they expect yellen to reiterate the fed to keep the patient language in the march meeting. i

it takes off the table some of those cap ex cuts. i shouldn't say takes off the table. >> we'll talk to magnum hunter in a moment about that. ceo gary evans will be joining us. welcoming in kenny off the floor today. there were a lot of sell orders on the close as well. like 1.5 billion at one point. >> it was all based around s&p 2100 at the end of the day. we see how the market struggled with it all day. we closed right on it. it will net net be a positive for the psyche. so we'll see what happens tomorrow. >> there were some people who it sounds like were ready to pull the trigger if we hit 2100. so round numbers do matter. >> to some extent. what does it really mean to anybody? it's just another round number. it's good because it's a whole number and it's great, so it's much more psychological than it means anything. >> what do you think when you hear s&p 2100? >> we saw a reversal in the market midday and not only that but at the same time that equities started moving high we have seen a monster rally in yields. most everyone i talked to in the corporate finance wo

traders are saying that the cap ex cuts we're hearing from energy companies and also the rig count redirections, they're starting to price that into oil prices as they look forward, but at the same time we've seen steep drops in volatility in oil before. it's not always a sharp decline downwards. some traders are saying we could bounce up to $60 before we move lower again. the retail gas prices they're creeping up a little bit as well. we hit a low of $2.03 according to aaa. now seven straight days of increases and we're at $2.06. the party could be over when it comes to the pump. back to you. >> oh jackie thank you. that's going to have a lot of people concerned. bob pisani was keeping a sharp eye on the markets. is it oil? what's going on? >> i was talking to some of the guys. oil rallying into the regular 2:30 close helped move the markets. we're starting february with a lot of volatility. the dow is moving in a better than 200 point range today. that was fairly typical for the month of january. back in 2014 way back then 125 points was the typical day. we've had these 200-point days now rou

top nuclear officials to geneva as the white house tries to reach a deal trying to cap iran's nuclear activities in exlions of dollars in sanctions. >>> iran's atomic energy chief joining those talks for the very first time. >>> yemen's former president taking refuge in the southern part of the country. he resigned the presidency last month, leaving the capital over the shiite rebels staging a coup released him. they captured the capitol therrell month. >>> now to the fight against isis. one world leader who has taken a very tough and blunt stance against the islamic state terrorists and the spread of jihad is the president of egypt. he ordered the air strikes against the islamic state on monday, bombing an isis training camp in libya. that attack in response to yet another unspeakable isis video. the latest one as you see there, reporting to show those 21 egyptian citizens, all christians march down a beach and beheaded. egypt does not fly air strikes but has taken the battle into its own hands. how do we all win against the radical islamic terrorists and their spreading ideology? joining us from was

. >> the jury's decision capping off an emotional day. at one point, the widow of ex-navy s.e.a.l. chris kyle stormed out of the courtroom. nbc's jay gray with more now from stephenville, texas. >> i've been advised that the jury has reached a verdict in this matter. >> reporter: the decision came quickly. just over 2 1/2 hours after deliberations began. >> we the jury find the defendant, eddie ray routh, guilty of the felony offense of capital murder as charged in the indictment. >> reporter: routh watched quietly as the jury was polled their decision unanimous, then stood as he was sentenced to life in prison without parole for the murder of "american sniper" chris kyle and his friend chad littlefield. many including members of the jury were openly weeping during an emotional victims impact statement from littlefield's father, don, immediately following the verdict, which ended with him staring directly at routh and saying "you said you did not know chad's name when you brutally murdered him. you will have the rest of your wasted life each and every day of it to remember his name

she also bought land with an ex-boyfriend that year allegedly to grow marijuana, but denied financial involvement. today's news capsn't he speculation. on wednesday it seemed kitzhaber was ready to step down. he requested a designated replacement, secretary of state kate brown, to fly back from washington, d.c. to oregon. then it appeared he had a change of heart. brown detailed the exchange in a statement thursday saying "i asked him what he wanted to talk about. the governor told me he was not resigning. after which he began a discussion about transition. this is clearly a bizarre and unprecedented situation." what is also unprecedented is the history brown will make as the nation's first openly bisexual governor. the human rights campaign put out a statement saying while she'll make history as the nation's first sitting lgbt governor the more important truth is that she is supremely capable of leading the state to better days ahead. brown will assume office this coming wednesday. in the meantime, oregon's attorney general said the governor's resignation will not deter them from their ongoing criminal investigati

she also bought land with an ex-boyfriend that year allegedly to grow marijuana but denied financial involvement. today's news capswon't he speculation. on wednesday, it seemed kitzhaber was ready to step down. he requested his designated replacement, secretary of state kate brown, to fly back from washington, d.c. to oregon. but then it appeared he had a change of heart. brown detailed the exchange in a statement thursday saying i asked him what he wanted to talk about. the governor told me he was not resigning after which he began a discussion about transition. this is clearly a bizarre and unprecedented situation. what is also unprecedented is the history that brown will make as the nation's first openly bisexual governor. the human rights campaign put out a statement saying while she'll make history as the nation's first sitting lgbt governor the more important truth is she is supremely capable of leading the state to better days ahead. meantime brown will assume office this coming wednesday and oregon's attorney general said the governor's resignation is not going to deter them from this ongoing criminal inve

so what eddy murray and i sat down to do was find an ex ses accessive amount of savings to fix the capsthink on both side of the aisle had. but the precedent was you had more spending reduction through entitlement mandatory reform which got us sequester relief as well. we know it is show stopper saying let's raise taxes to pay. we need mandatory reforms of relief from the sequester and smarting spending. we have a good formula in place, good precedents, it has bipartisan origin and let's try to stick with that formula. >> i think the agreement you and senator murray reached was important and it is one of the reasons we have been operating in a more normal way with one reason the budget could be on time this year. working together is important. we present our view of the best way to do it in our budget and need to work on a bipartisan bases to reach agreement. >> let's stick with the formula we had because it worked before. i want to ask you about pass passthroughs. i am glad you say business reform instead of corporate. 80% of american businesses are not corporations. they file their ta

exelis will own the remainder. job stay in america -- employers in the u.s. added more jobs than forecast in january, capping gain in 17 years. wages rose more than six. peter cook joins us from the labor department. peter, really stunning report. peter: a good report, matt, in many ways. a sizzling three-month period and the number that jumped out at me was the number four november, 422,000 jobs added in the month of november after you factor in the revision. that is the best single month we have seen since may 2010, that is the number that is not a fair comparison because it had sensed jobs in their back then. the real comparison -- census jobs in their back then. the real comparison is november. the other thing that caught my eye is the wage job. 0.5% month over month. we have been waiting to see some sort of indication that paychecks are growing. and that the wallets are getting a little bit bigger. can't make too much of a single month, but it is the kind of improvement that analysts looking for, including a certain person over at the federal reserve. matt: that's right, janet yellen may be running out