joining me for actions insight is david bartosiak and he is out in chicago at the cboe.talked about the rally today, but we have not talked about something you have been watching, a rally in small caps. as you said earlier, they are moving above the 200-day moving average. what does that signal to you? is a big deal.it i think it says that the risk rally is here to stay. look at the russell, we did behold -- below the 200-day moving average in august, and it got ugly after that. coming down to the february lows it obviously, we have lack -- we have rallied to since then. i compared the s&p 500 to the russell starting back when the russell dropped the low the 200-day, and it has lagged since then. here, aswe rally above long as it can hold, we have decent volume over the next couple days. we might rally back up towards the all-time high in the russell. julie: does that mean you are buying calls, for example, when it comes to the russell, and you think that will continue to spread to larger caps? i think the timing is a little bit off. i want to see it kind of -- [indiscer

scott bauer at the cboe.ol: still ahead, viacom shares soaring after it avoids a blackout. ♪ carol: you are watching "bloomberg markets." i'm carol massar. let's start with a check of the headlines. mark crumpton has more from our news desk. mark: pop music superstar prince is dead. the singer was widely acclaimed as one of the most innovative musicians of his era, with hits including "let's go crazy" and "when doves cry." his publicist says prince was found dead at his home in suburban minneapolis. fans gathered outside his studio. 57 years old. hillary clinton's short list of vice presidential candidates will include women, according to a report in "the boston globe," citing an interview with the top campaign official. that has some suggesting elizabeth warren, because the live of -- liberal senator from massachusetts to help bridge the gap between senator clinton and supporters of bernie sanders. in maryland, clinton holds a commanding lead over sanders. she has support of 57% of democratic primary voters.

managing director at the options pit at the cboe.ol: still ahead, earnings season getting underway. ♪ carol: you are watching "bloomberg markets." i'm carol massar. let's start with a check of the headlines. mark crumpton has more from our news desk. bernie sanders has closed the gap with hillary clinton in new york's primary to 18 points among likely voters. according to a poll by boston-based emerson college, mrs. clinton is at 56%, senator sanders at 38%. donald trump leads ted cruz 56% to 22%. john kasich is in third place at 17%. senator cruz heading more than -- moreon -- adding 12 than $12 million to his campaign coffers. officials don't say how much cash senator cruz has on hand right now. court, thefederal government pressing ahead with a demand that apple help it crack into a drug dealer's iphone. it is appealing a ruling in apple's favor. the decision to appeal comes after the fbi successfully gained access to the iphone of one of the san bernardino .hooters without apple's help it has become the pivotal case regarding pri

mark sebastian jointly from the cboe in chicago. happy friday.uess it depends on which sector you are in, or which index you are in. the dow and the s&p are on track for minor gains. the nasdaq down for the week. would you looking for for guidance? sebastian: if you start with the fed, one of the things i really like as they are no longer the main topic of conversation. i think that is bullish the market. they may come out with guidance, but i think two rate hikes is aspirational for them. they are out of the picture right now. --nings -- most of the come companies did a good job of lowering expectations. despite high fires, caching names like google -- they are not really being punished for missing, and they are being rewarded for winning. the news on google, facebook, a little soft today. i like markets moving forward for a bit of a time correction. we sit here while the moving average and technical indicators mentally catches up to the s&p level of 2100. ramy: let's talk about visa. they lowered their revenue problem -- forecast. they were exp

managerining me is the cboe in from the chicago. we are down about .25%.the week, we are up by the best rally since april 1. what are you looking at for guidance? we are looking into moving next week on the earnings front. sunday, coming out of doha, those announcements could influence the market on monday. it will be next week when you look at earnings kicking in. straight when you look at the market pushing around the december highs, it is a rally 2080 level. it is an area critical for the market. if we see some weakness, we could see more selling because we were unable to take out the december highs. ramy: microsoft is flat for the year. got a question about how it is doing, the d.o.j. will that have any effect on the stock? >> it is possible. , theyou look at apple situation does not appear to have affected the stock. i do not see it impacting the stock in the short-term. longer-term if it gets dragged out, potentially. when you look at microsoft, i don't dig it will impact the stock in the next couple of quarters. ramy: them trying to block authoritie

once they got off the operated and the operator did not seem worried and sanest broken cboe happens all time in. notify the supervisor in the rear of the car and assure them that is being faxed. >> james: were tracking some hot temperatures for this coming weekend. we have a shot of rain tomorrow and will have to forecast coming up. >> tran: the seventh is the police department after racist attacks that were sent by a police officer will have more information about that when we come back. look at 'em! they're lovin' their vegetables. this is huge news! it's all thanks to our birds eye chef's favorites side dishes perfectly sauced or seasoned. what are you..? shh! i'm live tweeting. oh, boy. birds eye. so veggie good. >> darya: talking about whether. and whether first will get the weather. >> james: will be hot this weekend. especially on sunday will it close to 90 degrees. it'll be very hot on sunday. as for a worse thing right now with the outside allocate conditions are fairly sunny adjutancy from our embarcadero carry. as we look at the headlines will break down with a taste for cats

nasdaq and this is 2015 numbers, about a quarter of the business, chicago board options exchange, cboea quarter. nyse, 18%. ice, the international securities exchange, 15%. bats is a competitor as well. remember, nasdaq recently bought the ise so nasdaq has almost 40% of the volume. what do you do when you have a big exchange now and going public? guys, what you do is you turn around and you use it as a currency to buy other businesses. i wouldn't be surprised it see them go into the, for example, the bond business as well. remember, there is another exchange out there, iex waiting for approval from the s.e.c. back to you. >> bob, thank you very much. >>> the dow, the s&p 500 and nasdaq on track for another week of gains with the dow closing in on 18,000 once again. so will good earnings push stocks higher from here? joining us, lori hinel and lamar villary. good to see you both. thank you for joining us today. >> thank you for having me. >> lori, we asked what you liked and the first thing you said was cash. another manager said the other day, cash is worthless these days. you can --