. >> repter: this spring, bond ng pimco and charles schwab annound they, too were launching e.t.f.s, aove some perts predict will change th e.t.f. ldscape and attract more retail vestors. not all providers however ar gigantic wisdomtr is an up and comer with ls than one percent of thmarket. it is, by the way, the only re play public mpany that provides e.t.f.s. while the threyear-old firm offers 51 equity andurrency e.t.f.s, it's yet to see a prit. wisdomtree president bce lavi isn't' worried. >> the e.f. business is exceptionally stro and i don't ing you've seen anything yet i thinit's going to really domite in the financial rvices industry over time. some predict e.f.s will pose a legitite threat to traditional mual funds in the coming years. while others say, it's more likely they'll lea to coexist. >> we're not concerned aut real canbalization per se. we think is a different buyer. >> reporr: for those who worry e.t.f.s are the flavor of th montin the investment world, consider ts: they're trying to get a othold in the lucrative 401(k) business. that happens, e.t.f.s could really

new york's attorney general is now threatening similar charges for charles schwab & company. schwab denies any wrongdoing. >> paul: meanwhile, morgan stanley has agreed to pay half a million dollars to the s.e.c. to settle charges one of its advisers misled clients. the agency said morgan said one thing, but did another, when recommending money managers who had not been okayed by the firm. the investment bank did not admit or deny the s.e.c.'s findings but agreed to pay the fine. >> suzanne: here's a look at what's happening tomorrow: >> suzanne: more now on health care reform. tonight's commentator says if we want to fix the system, we need to recognize a few key points. he's glenn hubbard, dean of columbia's graduate school of business and former head of the council of economic advisers. >> reducing health care costs would be a big plus for our economy and the budget. health care occupies a large share of the u.s. economy, and escalating health care costs stall wage growth and job creation. unfortunately, congress and the obama administration are on the wrong path: new mand

charles schwab asked t the peop on the front liness and whahave thth results in a treet signs" exusive. willllhehe 7 cents h hel wowork? >>>>> d the u.s. i theenumber e e l importernn the wod, ininis numumbe two. that could be a problem for both cocondioio. that's o ourhohow,nd it starts rit now. >>> checkiking theararke right w,w,oday they have been ininhe red throughout most the day's sesessn.n. we are oneayay away from obviouslsleaearngs season,ith alcocoa ckckg things offer. thee nasdaq composose,e, tenony memes tting hit hder than the rest of th overall market, down 22pointnt ththe s&p 500, the ovalall mar down almlmosnini points.s. a d dolrr d too oil, to the d dw side, now almost aololrower at $63.11. whwh's money talking aut at this hour? hehe n nowre straightroro the trading floooor, our r ow berth cocoom, rick saelellind brian scctctmafrom the nasdaq. hey, bibirt.. >> thankserermuch, ebecca. alcoa made a ni move to ee up side, onon rts commentnts from chiefexececute.e. blblooerg quoting himm in an interview inin scscow s souinin kind o of ptimist, sakehihi is out of the woods

charles schwab is a fine, fine, company and a fine individual, and a great sponsor for us.e sponsored on "squawk box." >> have you had him on? >> we've had him on a few times but not nearly enough. >> could you have too much? >> i don't think so. >> we'll check out earning central, and check out big report in the morning. and art cashin will tell us what drives the markets.ev ng... tdd#: 1-800-345-2550 including who i trust to look after my money." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "the dust might be settling... tdd#: 1-800-345-2550 that's great, but i'm not." tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "i guess i'm just done with doing nothing, you know?" tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 "oh, i'm not thinking about moving my money. tdd#: 1-800-345-2550 i am moving it." >>> welcome back to earnings central. shares of jpmorgan are lower at this hour. 28 cents a share. that beat analyst expectations by a wide margin. revenue came in a couple billion ahead of 28 billion. a lot of comments from jamie dimon over the course of the hours. unlikely to make money in c

also watching charles schwab shares this morning as cuomo pl plans to sue the company. human genome, their shares are surging. couple 100% to the upside. experimental drug for lupus, late-stage study. i'll show you off the open where exactly that stock is trading. let's head downtown now to brian shactman. >> thank you, scottie. we snapped a four-week losing streak and continued to the upside what had decoupled late last week back in en vogue. oil on the rise here. well above of $64, heading towards $64.50. starting to steal my thunder but halliburton came out with earnings. supply/demand basically says prices aren't recovering any time soon. take a look at gold as well. back above $950. hovering around the five-year highs. dollar hedging, the trade that's involved there. the rest of the metals, very strong. silver, the out performer of that crew. special welcome back to mr. santelli. we missed you, buddy. >> thanks. i also miss the marketplace. indeed in my absence we saw that equities set the stage by improving that improvement. one of the factors in pushing interest

charles schwab, it didn't meet expectations, but it's a 30% drop in profit and they had to wave a lot of fees to stay competitive here. biogen, very strong there. google we hear from after the bell. steel dynamics on the conviction buy list, up 2.6%. we have james river coal which had an upgrade to buy at you ubs. they're at $16.91. canadian solar off 7.3%. they've had their estimates raised and their price targets now $19 a share. i want to send it down to sharon epperson. yesterday the bulls were fairly in charge. how about today? >> we are looking at oil prices here that are lower. the market seems to have shrugged off that positive news coming out of china about its economic rebound and they've shrugged off the fact that we are hearing that the militants in nigeria may not agree to the cease-fire any longer. still, we're looking at oil prices right now that are under $60 a barrel, around $60 a barrel here in the nymex and that is a key equilibrium point, a precarious equilibrium as we see the momentum kind of wane on either side of that $60 mark. so that is a very important target

but they have switched a bit and charles schwab down 2.6%. they met expectations but had to wave a lot of fees and there is fuzzy guidance in there. back to you. oh, sharon at the nymex. >> we have oil going the same thing here. oil prices over $51 a barrel. but it looks like wire going to probably probe lower today. a bit weaker, and basically a quiet session. not so quiet for natural gas, though. natural gas on a tear. natural gas prices surging 9% after we got the eia storage data. now, you think it was a very bullish number that sent natural gas prices higher. actually, it came in within the range that a lot of folks were thinking it would be, and pretty close to the five-year average. but keep in mind, there is a lot of short covering going on in this market. it has been oversold quite a bit and very volatile over the last week. also, a lot of traders paying very close attention to what may happen with ung, natural gas etf. they, of course, have ped the s.e.c. to add a billion shares. they're still waiting for a decision from the s.e.c.

i learned over time, when i saw all these companies, and i did hold onto devry and charles schwab, whichu think you need before you can become a successful investor? dwloo he sounds like a real estate person, but actually interestingly enough, ron has a chemistry background. that probably focused him on long-term thinking. look, the real estate market -- >> blow up the world? >> yeah, on a long-term basis safely. what's interesting is the real estate business is also a very long-term business and people look at it and what happened to the real estate fundamentals is it became more of a commodity and a short-term trading business and that's when people got into trouble. and i think ron's exactly right. if you look at the fundamentals of some of the opportunities to invest in, invest if good opportunity for the long term, there are great opportunity. i think the hotel sector has got a lot of pull back to experience. and also they're going to get more efficient as well and their profits will come back probably in 2011, 2012. >> ron, don marin is back in the studio and he has a question for

. >>> charles schwab is denying fraud allegations in connection with its sales of auction rate securitiesions had come from a new york attorney general andrew coupuomo. >>> and volkswagen will reportedly complete a deal this week to buy rival porsche for a little more than $8 billion. published reports in germany say vw would initially purchase a 49.9% stake and acquire the rest at a later date. it would help porsche pay off its considerable debt load. >> joe, you drive a vw. >> sort of. that's sort of true. i saw a new vw that looked -- >> i like the new -- some of the jettas i like, too. >> they are really, really good, which makes it tough on our guys. they get better and better, even the japanese, too. just to stay even these guys need to get much better. >>> let's turn our attention to the trading block and take a look at what we can expect from the markets this week. joining us right now is joe, the chief derivative strategist, sink or swim. good morning. and peter butell and boris, a member of the joe kernen appreciation club on facebook. >> who? who? that's cool. how do you join t