. >> going into cboe rise of institutionalized racism in the united states. with the blacks and hispanics and the spanish in to now this is becoming a racial demographic we're starting to do with it but to institutionalize dancing should racism? give us some examples. is the common feature of human psychology to see people you can identify with and you cannot do that. and a supposed to will ever get away from injured communal tensions with psychology and to sympathize with some people to do with it except by differentiating but i think the racism that they talk about is the day historic period. that science endorsed it. and relatively uninvolved in a relatively more involved. but the language from the deep south but those from mexico and native americans those that settled places like texas. said his rare myth to classify people. to innovate in an end characterize social attitudes. >> speaking about race the way hispanics are counted today by the census were counted as ethnicity as the race for you would check how many boxes applied to you racially ian defini

became clear the cboe projection was seven and they lowered it to six when the rollout was a isaster and now we have eight million so there is a feeling they have ammunition to make the case to the american people that words this isnt's working. i think also a lot of democrats behind the scenes have been do this because they feel like they can't make n affirmative case if the administration itself almost seems to be running away. gwen: i haven't seen a lot of clamoring to make the affirmative case. they seemed to be hiding under bed. >> the democrats don't want to do it. they want the president to go some ofsell it and then them are running away from the president. beiing that they have an ability to persuade there is ause apparently such enthusiasm among so far we ign up and are not hearing the horror tories that they really fear they would be having and there is still a lot we don't know and of these ear a lot questions from the republicans, paying their le premiums? are rates going to go up? what about all the parts of the been deferred or laid many until conveniently after the el

withined now from the cboe today's options inside.e out tomorrow, why will today's trading be so important? >> today, we are leading into the unemployment report for tomorrow. first good insight in the reports of this month and good earnings figures in the first three reports. today's was a little lackluster but kind of expected. it was actually more favorable than expected. the bond market did not really react to this somewhat negative news today regardless, so it could be a nonevent. >> you also want to take a look at citigroup shares. this is going to be yet another transition year for the company. this comes after the fed said they had failed its stress tests. what is the options market showing us? >> the implied volatility of citigroup options is recently elevated. that means it's kind of expensive. whoe are a lot of traders own citigroup stock and their hedging. they want to protect themselves. we have seen some higher lows on several different occasions in the past couple of months, so we are in a tepidly bullish, potentially r

a pump in a holding tank of the of the cboe. seven will receive an escort to the sticker minority appeared san francisco that part of an ongoing study. is some good information what release the energies from the various hatcheries' have a higher survival rates. afforded park and fish and wildlife biologists have their studied a focused on helping seven survive the migration from the bay into the ocean where they will grow to full size before returning back up river to spawn. it meat moving downstream to a golden gate bridge state being not been protected. these fish are protected from fish creditors from bird creditors. >> : also protected from speedboats as well. total of 300,000 sammons will be released at different points. along the migration route between or built in golden gate bridge. mcintyre says that at the end of the three-year study department of fish and wildlife have the very scientific way of determining which group survives. is the fish has a unique tack implanted it's had so identified with group therefrom. a cea

scott bauer, senior market strategist at trading advantages joins us from the cboe. in the vix?expect to see it move up a lot more. >> the last two or three times we've seen him move up to the mid-15 or 16 level, sellers have come in meaning there are call sellers and put buyers. maintain struggled to above the moving average. like you just said, it's very unusual. usually when you see market volatility and the selloffs like we have had, we would see the vix much higher. >> a lot of people talk about how every two months, the vix starts to get a little pop, but there's a lot of resistance to the vix staying higher will stop >> i think the complacency in the marketplace is backing a little bit. kind of off the table for right now and there's not a lot of economic news. we are starting earnings season, so we may see things pick up in a week or two. we've seen over the last couple of months that is off the table. >> in terms of a breakdown in terms of who is doing well, the nasdaq 100 was one of the biggest decliners and is now snapping back. the three-day selloff is the worst sinc

he joins us from the cboe.arkets, the nasdaq, the laggard of the benchmark indexes, down one percent. also seeing a pickup in the mix. what are options telling you about where stocks are headed right now? -- the vix. backe mix is poking him near 20 again. yesterday we went down to the 15 range. the momentum in the nasdaq, high-growth names, continue to outperform. the valuation gap has a bit more to go, certainly in the options market, pointing to the implied volatility on names like tesla, green mountain, off the charts, compared to some other names like cisco, intel. implied volatility skew has widened dramatically between momentum and value. >> we are certainly seeing that on the nasdaq etf. you mentioned tesla, down four percent today, but up 25% year to date. what is your trade on tesla? >> the stock was around 200 this morning, taking that it is the highest it has been since may, selling both sides of the market, looking for the stock to calm down. call spread, a bearish trade. the 190ownside, selling put

he is a senior market strategist who joins us from the cboe. there is a move to safety.s and bonds and commodities. before the weekend, with ukrainian tensions ratcheting up, to what extent do you see that and options as well? >> you mentioned to the emerging markets. are emergingtf markets. that is a huge marketplace for options traders. we have seen, what is really interesting is the opening position of 40.5 strike, which expires today. huge fires today. a lot of unrest and uncertainty. that is the cause for buyers coming in. >> are these guys safe havens? >> i am seeing some upside. may be trying to take advantage of some of the weakness. overall volatility, which adds to the premium, is definitely elevated. premium onng more both sides of the markets. >> what about the vix? could we make a run for 15 or 16 next week? >> they really struggled to rally this time. it took a lot to get out of the 13 handle. i would be surprised if it trades over 15, unless something catastrophic happens overseas. >> let's talk about companies. amazon reported earnings yesterday. revenue

recall about a year ago, the cboe had to shut down half a day because of issues with expanding its tradingr disruption there. a couple times, there were ripple effects of that same sort of software glitch that made it difficult to trade. it's really interesting. when you go down to the nymex here in new york, it's the same. the pits are virtually empty. if they couldn't trade electronically on some days, i don't know how many people would be able to make it down there and do the trading physically. only a few people hang out in the pits anymore when you talk about things like gasoline or nat gas. >> eventually we'll lose the skills of the people who know how to trade physically. >> i guess. the futures pits at the nymex, they still are physically shoulder to shoulder trading there. >> bertha, thanks for that. good to see you. >>> now, some of the other news, the fed, the fdic and occ have approved new rule which is require the eight biggest u.s. banks to add as much as $68 billion in extra capital to comply with higher leverage ratios. firms with large credit derivative portfolios will be