you are watching cnbc, we are first in business worldwide. >>> hi, folks. welcome back to "the call." i'm matt nesto with "the call to action" with the stocks to watch in the second half of the trading day. check out the banks versus retailers here today. autoparts and components are number one, but the banks and strength that we're seeing in them is actually very, very pronouninged. you can see up over 2% today and look at weakness in the retail sector today. that's disturbing. it's also affecting the entire consumer discretionary sector. check out the difference between staples, one of the worst performers today a one-penny miss is translating into an 8% giveback in the market here today. we're also seeing priceline continue to get bid up. amazon.com and then the dot com space also very strong here today. the flip side, if we take a look closer into the banks, the boffo banks, four regionals, zie orngs marshall and eisley, suntrufrt and fifth third up strongly. in financials, the stock to watch might be hartford insurance, this after the aig/pru uk deal a

this is "the call" on cnbc. stonchlthsices are rising but the real action is in treasury and still the major indices in positive territory despite fourth quarter gdp the expenditure measure rose at a rate of just over 4% in the first half of the year. good signs of recovery, that's my theory. i welcome yours. the s&p 500 trading at six points and radio shack the biggest gainer in the s&p right now. the dow industrial traded plus side by better than 52 points. bank of america, jpmorgan chase helping the bulls there. look at the nasdaq. positive territory, as well. 2406. trish, what's happening on the floor? lots of chatter about the bond market, right? >> lots of chatter about the bond market and we are seeing some inflows here to equities. we'll talk about that coming up the relationship between the two. bob pisani on the floor with me here. a relationship with the u.s. dollar, the euro and the equity market here. >> we have seen that relationship as the euro has weakened the dollar strength earlier in the week

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tune in to cnbc world to catch all the action overseas. at cnbc's european headquarters, i'm guy johnson, going global with your money. >>> okay. welcome back, everyone. taking a look at today's business headlines, a chrysler executive telling reporters today that march sales in the u.s. are expected to be down at least 10% compared to last year because of fewer incentives. but sales have surged more than 50% versus february, thanks to new option packages and a new marketing campaign. and ahead of tomorrow's weekly jobless claims report, gm smuckers announcing big layoff plans. the maker of foal folger's coffee and smuckers is closing four plants, cutting 15% of its workforce. the move will save the company $16 million a year once they are completed. now we want theed to the nasdaq marketsite where melissa lee is with a preview of what's coming up on "fast money." melissa. >> trish, we've got the ultimate corporate showdown at the top of the hour. the vice chairman of lionsgate and why seize saying no to the hostile takeover from carl icah

let's get the cnbc edge. joining us is president and ceo of rnc capital management and president of heritage capital. thanks to both of you for joining us. dan, let me start with you. it's expected that companies when the economy rebounds are going to increase their dividend again. even though these seem like great plays to me, isn't it already priced in? >> i don't think it is priced in. because i think as you're going forward, what we're seeing is a confirmation with the companies that are increasing now that this is going to continue. it's been driven by earnings, positive cash flow. i think the demand is going to continue. what you really have is you have a risk rotation that you're seeing by rotations that want to reduce their risks. these stocks are basically lower volatility. about 20%, 30%. you're at a position where people want to smooth out their returns. if you can look up 4% to 5% at the beginning of the year with incomes going up, you're in a very strong position. i think you've got an overall ri

let's bring in the host of cnbc's "the call" trish regan. what's been the reaction? >> hey there.cted to a certain extent, david. i mean, investors had anticipated this would happen so we've actually got a market that's up today for a host of actually other reasons related to greece, in fact, and the u.s. dollar. but the reality is investors are very concerned about what this is going to mean over the long term. they're concerned about the u.s. economy and mounting deficits and there is not one person on wall street that believes this is going to have any contribution in terms of reducing the deficit. david, they believe quite the opposite so the expectation is that this is going to cost the u.s. economy a lot of money at a time when it's really questionable as to whether or not this economy can afford it. >> and, trish, in terms of the longer term, given nah certatha things kick in in a couple years like the mandate and certain penalties how does that affect what investors are seeing? >> investors are worried that what you might see is people will start to pull their money out of

you get it all right here on cnbc. boss:hey, glad i caught you. i was on my way to present ideas about all the discounts we're offering. i've got some catchphrases that'll make these savings even more memorable. gecko: all right... gecko: good driver discounts. now that's the stuff...? boss: how 'bout this? gecko: ...they're the bee's knees? boss: or this? gecko: sir, how 'bout just "fifteen minutes could save you fifteen percent or more on car insurance." boss: ha, yeah, good luck with that catching on! anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> lennar is reporting a narrower loss as they managed to trim some costs. the housing market is stabilizing and is seeing some improved traffic. of course, the economic data over the last couple days has not necessarily suggested that. nonetheless, lennar shares are at a 52-week high today. >> existing home sales down yesterday and new home sales down, again. >> third straight month yesterday. >> i hope there's a bottom in housing. i don't think that's a done

eastern, only on cnbc. ries... there is a medicare benefit that may qualify you for a new power chair or scooter at little to no cost to you. at the scooter store, we're experts at getting you the scooter or power chair you need. mc: your power chair will be paid in full. woman: i didn't pay a penny out of pocket for my power chair. with help from the scooter store, medicare and my insurance covered it all. end tag: call the number on your screen for your free information. >>> okay. it is time for the "fast money" final call and the volatility index surging over 7% today and still at the lowest level in two years, so what is it telling us about where the markets are headed? gary comiskey is here to join us to tell us how. >> well, i wish i could tell you that the bounce in the vix is telling us, but i don't think that you can. i don't think in the last several weeks with the meltoff and the vix on the downside, it is not uncorrelated and i would not read anything into today's move, because the biggest story today,

. >> is a corporate makeover that this eeo talked about earlier this month on cnbc. >> red box use this kiosk to offer $1 rentals. >> we are a little bit late vs. red box in the development of lending. >> blockbuster is also playing catch-up to netflix in the realm of d b mail delivery. >> in the future, it comes down to apple and amazon to compete

sharon epperson is cnbc's personal finance correspondent, and melissa lee is host of cnbc's "fast money" and "options action." tamron hall is fielding questions from our crowd. good morning to everyone. we're going to start with a viewer e-mail. we have are michelle in tampa, florida. she writes this -- my husband and i are considering filing for bankruptcy as i was laid off last year and we fell behind on all payments, including our mortgage. i am planning to attend law school in the fall. will filing for bankruptcy affect my future career in law? also, will it affect my ability to get student loans? sharon, what does chapter 7 do to an individual? >> this is not a way you want to start your law career. of course it depends on what the employer will do when they hire you but this bankruptcy will be on your credit report and credit history. the other issue is what to do about the student loans. that's a big issue as well because some federal student loans you will be able to qualify for, but you may be denied a grad-plus loan. private loans, basically forget about getting those. in term

so call me at 1-800-743-cnbc. on monday we could wake up in a totally different stock market universe. one where health care reform is passed and the democrats in washington feel empowered to push through the other elements of the obama-pelosi polit -- congressional agenda. believe me, i wish we didn't have to focus on washington in "mad money" at all. i wish we could just talk about stocks all day and not at all about politics. but right now washington matters to the market more than anything else out there. and certainly any earnings report. now, you know i believe that health care reform will pass this weekend and that its passage will reignite president obama's let's call it less than stock market-friendly game plan and it will cause a nasty sell-off. i think it might dawn on investors that other anti-business initiatives, things like the pro-labor car check legislation, which i've told you would hurt walmart, cap and trade climate change legislation that could hurt the earnings of utilities, not to mention mu

welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and carl quintanilla. we've got plenty of headlines this morning. let's get right to them. bank of america, it will announce plans today to start forgiving mortgage principal for troubled homeowners. this will target people that owe more than 20% of their home's value. this plan will begin in may. bank of america is expected to offer an earned principal forgiveness ooh up to 30% in two stages. first, the bank will offer an interest free forebearance of principal. homeowners can turn it into forgiven principal annually for five years. bank of america will slash the principal balance on so-called payment option adjustable rate mortgages. those loans had negative am more tiezation features that allowed the principal balance to grow over team. >> we got some pretty good home numbers from yesterday. >> they were down from january, but still well above the fall. >> we talked to kanjorski yesterday. housing is somehow creeping back into the conversation

friday regulars and cnbc contributors weigh in. tony fratto is the director at hamilton play strategies and the former white house press secretary under president george bush, and obviously, it is a long week fi am calling you two regulators. >>> tony, this is a proposal that the administration has put for war and some say it is proof that you can't fix the housing market other than by free market methods and other says, look, we have been pushing toward loan forgiveness for some time, and about time we do it. >> look, i wrote about this a year ago when they came out with the first it ration of housing, and i said that the difficult problem of coming up with a program to help homeowners and stem foreclosures is that if you use the category of deserving homeowners, you can't fit enough homeowners into that category in a politically palatable way. even in this bill, i think that you are going to have same problem. that is why, i have to disagree with my good friend glenn hubbard in saying it is a good step in the right direction, bec

so call me at 800-743-cnbc. this show is based on one idea that it's possible for you to make more money investing for yourself than you would by hiding it in bonds or putting your money in the index fund. the pundits and commentators say it's too hard. ordinary people like you shouldn't invest in yourself. you shouldn't even try. i remember when i invested in my car and returned a $500 million hedge fund and returned 14% for over ten years that you can do it as long as you're willing to put in the time and effort. but in order to be a good investor, you need to understand how the market works, not what the headlines are, how it really works. i'm devoting this show, this entire show to educating you. sharing the lessons not ones that last for a day, but for years. i learned 30 years of training in the market. before i can teach you, before you can learn about the stocks, there are some lessons you need to unlearn, talk to you by others who don't understand. the myth about the market that you and i know need to b

you're watching cnbc. we're first in business worldwide. not that long ago, many families were priced out of an overheated housing market. but the times have changed. get the facts at remax.com. today, the dream of owning a home seems more attainable than ever. nobody sells more real estate than re/max. visit remax.com today. >>> post-obamacare financial regulation. from washington to wall street, are we about to end too big to fail bailout nation? john has the full record. hello. >> well, as you know, the consequences of that health care victory for democrats, a victory they haven't had for a while may extend beyond that victory alone. they're feeling a sense of confidence on other issues. b barney frank and chris dodd met with president obama at the white house today, came out talking positively, turning republican health care against republicans on the issue of too big to fail. >> there are going to be death panels, but they're for large institutions that can't make it. we're going to put them to death and not do much for their errors. >

this is "the call" on cnbc.tocks are lower but off the lows of the day after the adp showed a loss of 22,000 jobs instead of the expected gain of 22,000. boeing, the latest company to take a charge, $150 million or 20 cents a share for increased health care reform costs. right now, take a look at how the s&p 500 is trading. it is to the down side by 2 points. the dow right now is also to the down side, but look at those lows we saw after the open. we are way above that. still down 30 points. the nasdaq right now essentially flat on the session. take a look at oil ahead of president obama's drilling announcement. we'll talk about that. oil is higher. 0.4%. 82.70, not breaking through that 83 mark. trish, what's happening on the floor? >> people are nervous here because, let's face it, people were anticipating an increase in jobs not a decrease and this is all going the to friday. job's friday when the market here is closed. so, people are a little bit nervous ahead of that key number on friday and the adp report

bounty extra soft. >>> i'm julia boorstin with your cnbc market wrap.ere is a look at how the major indices are trading with just half an hour left in the trading day. the dow is down over 53 points. s&p 500 down 3.5. the nasdaq down over 8 points. imagine traveling to the world's most beautiful beaches, mountains, and other romantic locations and getting paid for it. it would be your full-time job. run away bride and groom.com is looking for the right person to research honeymoon sites across the globe for six months and you can even bring a partner along with you. but better act fast. applications are due april 7th. >>> the maker of the swiss army knife has taken a cue from "mission impossible." its latest swiss army knife comes equipped with a u sb flash drive that self-destructs if it falls into the wrong hands. that's right. a self-destruct mechanism will burn the cpu and memory chip if tampered with. prices for the spy-like device range from $75 to $270. that's it from cnbc, first in business worldwide. david, back to you. >> fascinating stuff, ju

he is now a cnbc "fast money" contributor. so welcome. welcome to the show. >> welcome, anthony. >> thanks, guys. thanks for having me. >> you've earned a nickname. >> yeah. i was on the satellite. now i'm on the desk. >> exactly. >> feeling pretty good. >> now we can call anthony the hedge. >> the hedge? >> does that mean i can play with bono? oh, no, wait, you've got an h in front of the edge. sorry. >> this is not a comedy show, anthony. >> let's get back to the markets. anthony -- >> go ahead. >> how did the quarter end next wednesday impact what happened today, or is this a meltup sort of into the end of the quarter? because for many people out there today may be their last trading day. >> i think what's going to happen is people are now looking at some of the laggards. i definitely think there's a continued meltup. look at what the mutual funds do all the time. they press the accelerator toward the end of the quarter. and i'm looking at monsanto right now. monsanto's down 13% for the year. most of the analysts have a 92 price target

you're watching cnbc, first in business worldwide. >>> neither expected to show any improvement.sting home sales for february. these closings are based on contracts signed in december. so not affected by weather. consensus forecast is for a drop of .5% month to month. more fodder for the argument home sales have leveled off. home prices another sorry. the federal financing housing agency reports january prices and the expectation is another monthly drop of just under 1%. many believe the price improvement last fall was temporary and government driven. we'll have it all for you tomorrow at 10:00 a.m. >>> well, i'm finally -- before we go, we want to extend a heartfelt thank you to the new york yankees for giving us, "the closing bell" access to the beautiful stadium and making us feel at home. that was the last time i was at yankee stadium, when i threw the first pitch. well, first, i put my hands up and i was almost cool about it. and then i got really nervous that it wasn't going to go over. watch this, rudy. right down the line. right down the line. i was so excited because i w

joining us first on cnbc, usaa's chief financial officer, kristy. what strategies did you employ that helped you weather what was one of the worst financial storms in history? >> financial success at usaa really starts with the unique relationship we have with our members. we're actually owned by our members, those militaries and those families. that's important. because when the markets get choppy, we don't have to trade off the interest of shareholders with the interests of our customers. they're the same. what that allows us to to is focus and manage for the long haul and do what we do best, which is facilitate the financial security of our military men and women and their families. >> you take accounts from people other than the military? >> some of our products are open to the general public. our investment products are -- >> mutual funds have been very good performers. >> yes. in fact, our precious metals and minerals fund is the fund of the decade, recognized by libert tonight. if you look at the equity funds across the board, 75% -- or all o

"squawk box" on cnbc returns after this.e are first in business worldwide. >>> any comments or questions this morning, please drop us a note. we're getting a lot of e-mail this morning. not so much about greece or the ten-year but about the police codes for marijuana. our address is squawk@cnbc.com. companies bringing manufacturing from china. why insourcing is now a hot corporate trend. good morning, hampton. >> reporter: good morning, carl. this is not the dark side of the moon. behind me parts for made in america wind turbans. part of the made in america story when "squawk box" continues. >> manufacturing jobs. putting america back to work. we'll check in with hampton at a former steel plant that's now gone green and then off to six flags as the amusement park operator gets ready for a new season and another state standing up against health care reform. this time it's florida. we'll talk to the state's attorney general about saying no to the mandate is what they have a problem with. here's a look at what is making headlin

joining me live from san diego in another cnbc exclusive is isis chairman, founder and ceo, dr.tanley crook. good morning, dr. crook. thank you for being here. >> good morning, mike. >> this announcement with glaxo has a lot of moving parts and triggers in it, perhaps unlike any i have seen to date. so, what does that say about the trend that seems to be building about the need to get increasingly creative if you want to do business with big pharma these days? >> well, from our perspective, the way to think of this deal is that gsk has acquired an option to five potential drugs that they have the right to license on predefined terms at the completion of phase two proof of concept. so, from our perspective, it's exactly in line with the type of deal we want to do right now. it leaves us in control of the research programs and the early development. it provides cash now and a very attractive licensing terms for us at phase two and lots of other opportunities to generate revenue along the way. from the gsk perspective, of course, they get access to our technology and the productivi

. >> you're watching cnbc's "worldwide exchange" with christine tan, nicole lapin and myself, ross westgate. we're just about to get some inflation data out of the uk. we're about to get to february's figures out. so has it, indeed, come back? that is the case for the central bank of england. february cpi has indeed come out. it's up 0.4% on the month. the annual rate is running at 3%. it's the first fall in the annual rate since september 2009 opinion that's a little better than the consensus. that's cpi. the rpi, up 0.6% on the month. the annual rate, 3.7% as expected. the rpix, annual rate of that, 4.2%. cpi up 2.9% year on year. the biggest downward inflationary impact from toys and gains the biggest upward impact was from women's outer wear. sterling, just nudging back from where it was before this data, 1.5017. tom vossa is with us. tom, 3% annual reflation? do you get some assurance from that? yes, we do. remember, the argument that thooeb running with is that inflation peaked in january due to the increase and inflation would fall back below target which is why they were in no hurry

eastern for more "fast money" right here on cnbc.e a great night. >> announcer: next, radio silence? with big ad dollars on the rise, cramer's got one company that could have you tuning in profits. tune your dial to "mad money" next on cnbc. first in business worldwide. ry in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are lighter and advanced hydrogen technologies that could increase fuel efficiency by up to 80%. sure, but let me get a little information first. for broccoli, say one. for toys, say two. toys !

so, call me at 1-800-743-cnbc. europe, i love it. it's giving us another chance to buy stocks on the cheap. a better chance than the passage of health care reform would ever give us. a lot of you out there, i know, you're confused. you're confused about all these interactions between the dollar and stocks and the euro and stocks, and the problems of greece or portugal or spain with our stocks. a confusion that many participants cited today, as the reasons why stocks faltered in the middle of the session! as the dow and the s&p were at one point up 117 points closed up just 5 points. >> the house of pain. >> and down 2.5%. not what i like to see. i would say that's a pretty nasty, expensive close for the bulls running around the rodeo. i've got something good for you. i am ending the confusion tonight. on this "mad money" show. i am telling you why greece, or more accurately, this pan of grease is an opportunity to -- >> buy, buy, buy. >> not -- >> sell, sell, sell. >> -- united states stocks. first, if you don't mind a little reminis

good morning and welcome to "squawk" here on cnbc i'm carl quintanilla on capitol hill along with joe kernen and becky quick at headquarters. there is one story dominating newspapers across the country today. i know you've seen some of these. the historic volt on health care. just a few of the front pages from around the country, "the washington post" divided house passes health bill. the boston globe, historic okay on health. new york daily news, barack obama's greatest victory. revolutionizes health care. the journal says historic volt on health, "d" on abortion wins over holdout democrats, the biggest change in deck ids. and the dims in new york, congress sends white house landmark health overhaul. we're going to get to a lot of that for the next three hours. first a grueling day, a fiery debate on capitol hill leading up to a series of late-night votes. want to check in with hampton pearson who's been covering the story late into last night and early this morning. hampton, good morning. >> good morning, carl. as you mentioned, tumultuous debate. really went on all weekend. this wh

cnbc is the official broadcaster there.wireless's ceo is going to join us for an exclusive interview. it's all coming up only on "the call" at the top of the hour. but first, "squawk on the street" is back right after this break. with fidelity, you can take your trading around the world, because now you can trade u.s. and foreign stocks online, in 12 markets, 24 hours a day, all from the same account, and settle in u.s. dollars or the local currency. plus, we'll guide you with international research and realtime quotes, so you can diversify your portfolio, wherever -- whenever. and we'll be on call around the clock, while you trade around the globe. fidelity investments. turn here. . in business leaders and politicians meeting in washington today. it's the fourth annual capital market summit. the focus is getting jobs in america, creating jobs in america. joining us now, thomas donohue, u.s. chamber of commerce president and ceo. good to have you with us, sir. >> glad to be here. >> we told viewers there was one thing you w

thank you very much for joining us. >>> a brief break, but first, your trend of the day. >>> the cnbcrend tracker live data board is brought to you by cme group.

cnbc's phil lebeau, thank you very much. >>> they say everything is big in texas.ell, apparently sore the spending habits of people who live there, especially in the capital city of austin. according to a bundle.com report that was just released, the average american spends $38,000 a year not including rent or mortgage. but in austin the average family spends over $67,000 a year. scottsdale, arizona, residents are big spenders, more than $64,000. next up san jose, california, 59,000 a year. arlington, virginia, they are spending more than $56,000 a year. just a few more dollars than people in plano, texas. janet pass kin, manager editor of bundle.com. is it in terms of where the wealthiest people live? >> that's certainly part of it. the other thing we found in places where you would typically think the cost of living in lower, people are spending the money they are ostensibly saving on housing. >> let's go through how people are spending. shopping. the average family, over $8,000 a year. health and family, $8,000. food and drink, $6500. house and home, $6300. gett

. >>> live, you're watching cnbc's "squawk on the street." opening -- you know, when you think about it, you can't do this show any other way than live, because we're covering events as they're happening. anyway, the opening bell is going to ring in 2 minutes and 12 seconds. according to that fancy schmancy little clock down there -- >> in six, five, four, three, two -- >> in the headlines this hour, which i never noticed for four years until simon pointed it out to me. fourth-quarter gdp lowered from 5.9% to 5.6%. still the highest quarterly reading in six years. the obama administration announces a plan to help homeowners in trouble on their mortgages. senator shelby tells "squawk box" there's agreement on 80% of the financial services regulation bill. he's optimistic we're not far from a final deal. >>> okay, a minute and a half until the opening bell. let's bring in jack bouroudjian, ceo of futures a indexgroup.com and cnbc analyst. what are you watching for today? >> there's been a large allocation going on, this has been happening for w

. >>> i'm diana olick with your cnbc market wrap.jones industrials climbing nearly 44 points. s&p 500 up six points and the nasdaq adding 21 points. >>. >> hospital operators and drug maker like merck and pfizer ending higher now that it's clear the companies will see more customers. health insurers finished mixed. aetna holding onto a slight gain. humana pulling back 1%. looking outside of the health care sector, citigroup on fire adding more than 3.5% on an enthusiastic ratings upgrade. citi is poised to return to its former status as a "money making machine." and household products retailers william sonoma soaring more than 12% after beating expectations. that's it from cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." the health care debate has been notable for the lies surrounding it as the effort that it took to get it done. there is now a published list of the top facts you should know about health care reform. there's no new benefits for illegal immigrants. the access they have to emer

so joining us in a first on cnbc interview is chief of foreclosure mitigation at bank of america.irst, thanks for joining us. let me ask you, we've been talking about principal reduction now for over a year in the foreclosure crisis. why now, and why only targeted at maybe 45,000 of your borrowers? >> why now? we've been talking about principal reductions for a while. but we've been hearing from our customers in trying to find out why they won't accept more of our loan offers, why they won't complete more of the trial modifications we've started. the answer we keep getting back over and over again, although we're making an affordable payment, many customers are severely underwater and are looking for something besides an affordable payment, but they want a chance for home appreciation. this gives a chance to make that possible. >> the 45,000? >> the 45,000 customers, this is our group that is most troubled. our pay option customers, our subprime customers and 2-1 hybrids. the first customer segment to go after is the customers most in need. we're starting with this program. we're

first on cnbc. radio is not dead. that's right. radio is not dead.this industry, this medium of communication that had been written off by just about everyone, including yours truly, is alive! it's alive and well. it's come back in true nosferatu slash bela lugosi style. frankly, it might even be better than ever. you see, radio now has the backing of the supremes. not the music group. which is just oldies. but the supreme court. a much more powerful entity. even if it lacks the looks and the vocal stylings of diana ross. radio is not about the music of the land circa 1964 but the law of the land circa 2010. baby love? no. money love. remember back on january 21st that big controversial supreme court decision in that citizens united case where the court ruled that the government cannot ban political spending by corporations in candidate elections? way to uphold government of, by, and for the corporation. at the time president obama called it a "major victory for big oil, wall street banks, health insurance companies, and other powerful interests that

that's it from cnbc, first in business worldwide.o "hardball." >>> now that they passed it, now that we passed it, they're already promising to repeal it. they're actually going to run on a platform of repeal in november. you've been hearing that. and my attitude is, go for it. >> welcome back to "hardball." president obama, there he is telling republicans that if they want to run a repeal health care reform, that it's a good time to go for it. that's their plan, go for it. anyway, with health care reform now signed into law, what strategy should democrats and republicans use in the mid-term races? steve mcmahon is a democratic strategist. and sweeney todd harris is also with us, he's a republican strategist. anyway, mr. todd, since it's your turn to attack, ha do you make of this repeal and replace? the replace part sounds pretty weak. like gee whiz, i wish we had a health care plan, but we don't, so going to pretend like we did. what's this repeal talk? it's unrealistic? your thoughts. >> well, we do have a health care plan. that t

you're watching cnbc. we're first in business, worldwide. >>> after a century of striving, after a year of debate, after a historic vote, health care reform is no longer an unmet promise. it is the law of the land. it is the law of the land. now, as long as a road that this has been, we all know our journey is far from over. there is still work to do to rebuild this economy. there's still work to do to spur on hiring. there's work to do to improve our schools and make sure every child has a decent education. there is still work to do to reduce our dependence on foreign oil. there is more work to do to provide greater economic security to a middle class that has been struggling for a decade. >> all right. that, of course, was president obama today right after signing the health care reform bill into law. now congress is turning its eyes to another historic piece of legislation, financial reform. maybe -- maybe we could get a free market policy and too big to fail will be on its way out the door. hmmm. here

another take on the market, and we turn to our cnbc investor network live via the webcam. tim smalls is head of the u.s. trading and execution for noble. good to talk to you. >> hi, sue. >> and i would like to know what you think about the rally fizzling out, and granted we have gone pretty far pretty fast, but what do you think is behind the type of trading we have seen late in the afternoons? >> i think that what you have the take into consideration is where we are in the cycle, where we are in the week, where we are in the quarter. we have got, we have a market that is up 5.5% for the month of march. we have had a 30-day stretch, 31-day stretch where you haven't seen the market sell off 1% or more, and we haven't seen it happen in over a year. so what you have seen is with the extension of the rally, as we get towards the end of the -- towards the end of the week, there is a little bit more trepidation in the marketplace as we see the headlines coming across yesterday with mr. trichet's comments and that put smoke into the marketplace. we saw the headlines today with th

that's it from cnbc, first in business worldwide. is now time for the fastest three minutes in news. we are going "down to the wire" today with arnold palmer's advice for tiger woods. king tut and elephant polo? you ready? hit the clock. first off the advice from one golfing great to another. golf legend arnold palmer says tiger woods should invite the media into his life and let the press shoot at him more. woods has only given one public statement and two interviews since his sex scandal broke. >>> police in florida just released video today of the moments after a 50-mile police pursuit ended. the front seat passenger who was booked for resisting arrest says the officer used excessive force during the arrest in june, 2009. the allegations and the video prompted the naacp to get involved in the investigation. >>> after five stints of rehab former major league baseball pitcher dwight gooden has been arrested again, officers in new jersey saying he was driving under the influence with a child in the car. the police report does not ide

diana olick, cnbc, washington. >>> more on the white house meeting late yesterday between president obama and israeli prime minister benjamin netanyahu. it was so low profile it says a lot about the chill between two former allies. andrea mitchell has details on just what happened last night and what didn't. >> reporter: you could call it the case of the disappearing israeli prime minister, gone missing in the white house for hours. 5:29 last night, benjamin netanyahu arrived to see the president one-on-one no aides. officials say president obama asked netanyahu to compromise and get peace talks restarted. unlike past white house meetings with israeli leaders, this time no press. only underscoring the tense relations. 6:17, netanyahu's car is back. is the meeting over? >> is he on his way out right now? >> not yet. >> reporter: 7:33, the president heads to his residence, but netanyahu stays. where is he? turns out, camped out for almost an hour with israel's defense minister and other advisors in the roosevelt room, just across the hall from the oval office. 8:20. the prime minister asks

>>> i'm mike huckman with your cnbc market wrap.are doing today with about a half hour left in the trading day. they are mixed to little changed at this point. we've got the dow up almost 3 points. the s&p 500 down a fraction. the nasdaq off 5 points. >>> california governor arnold schwarzenegger signed a tax credit bill aimed at moving all of those vacant homes and encouraging new construction in the state. this bill extends a $10,000 tax credit to first-time home buyers. schwarzenegger says the bill will help get more properties back on the tax roll and more people back to work. >>> is pop star prince really a pauper? is the purple one actually in the red? tax records in minnesota show that the musician is among the list of delinquent taxpayers. the county says prince owes about $450,000 in back taxes. maybe he'll have to sell the little red corvette. th that's it from cnbc, first in business worldwide. david, back to you. >> thank you very much. >>> today the vatican is responding to allegations that the church covered up what it

that's it from cnbc first in business world wide and now back to "hardball." >>> back to "hardball."sident obama got a health care bill signed into law, sea now what? what can he do with his win and his party for the next issue? what will be his issue, in fact? well today "the new york times" reported, quote here is the line from "the times" today -- "the obama administration and democrats in congress said wednesday did an overhaul of financial regulation. it was the next legislative priority." financial regulation reform is that what the people want, what voters want? are they going to hear it closer to them into their pocket books as we get closer to nov and what about the republicans, will we hear them? well, we'll hear a lot more -- perhaps. john walsh editor and chief. and "time" magazine's is the co-author of the best-selling "game change." here is the question how do you put bite into financial reform where is t sounds tough on wall street? when the american people feel that the politicians at least some of them are out there fighting for them against the guys who screw around

>> cnbc's diana olick, thank you very much. >>> just ahead, did a 13-year-old girl contribute to the alleged text rage beating of 15-year-old josie ratley just because she pointed her out? the family speaks out in an exclusive live interview. >>> but first, this is "today" on nbc. >>> just ahead, should you make friends with the paints of your kid's friends and what should you do if you don't like them? >>> are your kids' school lunches about to be dramatically changed? after your local news and weather. >> we will give you live drive times per you can see the outer loop between 95 and 83. we are looking at 80 minutes. 21 minutes on the west -- 18 minutes on the west side. we will give you a live look at some delays. we have the west side of the beltway at liberty road is crawling. 795 down to edmonton ave. in the white marsh area, we're looking at delays southbound. it is slow down to the harbor tunnel. the cloud cover is thickening of but we should stay dry until late this evening. the temperatures started out in the 30's. we are in the mid to upper 40's. we will climb into the 60'

profiting off cnbc's parent company. and "options action's" biggest backers all want to know the same thing. what will mike do now? >> all right. this is why we talk these strategies. let's do some stocks versus options. had you bought 100 shares of ge on january 29th, it would have cost you just over 1,600 bucks and you would have made 175. not bad. but mike's risk reversal cost nothing and can now be sold for 130 bucks. bravo to mike. past is prologue. you're only as good as your latest trade. so mike, what do you do now? >> here's the interesting thing. this is always the interesting situation. we're now long the option that's decaying more rapidly. one of the things you want to take a look at typically is if you're short the down side put and it comes in under value the disciplined trader is going to look to cover that. in this particular cast i don't think there's a tremendous amount of risk that ge's going to fall, but i tell you what, i'm just going to stick to the routine. so i'm going to cover that down side 15

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. >> is a corporate makeover that this eeo talked about earlier this month on cnbc. >> red box use this kiosk to offer $1 rentals. >> we are a little bit late vs. red box in the development of lending. >> blockbuster is also playing catch-up to netflix in the realm of d b mail delivery. >> in the future, it comes down to apple and amazon to compete on an individual basis. >> some offer movies for download or streaming directly into the home. >> it is a wide open landscape. >> the company hopes brand recognition will help. >> the main street consumer understands what lobster is and what it stands for. -- what blockbuster is and what it stands for. >> meeting the challenge will determine its fate. >> still ahead, efforts at to close a hole in the state budget is putting the pressure on local governments. >> image smith, susan smith -- susan sarandon >> perhaps loss was the debut of the new nbc show. >> it has got a very large audience. the show follows celebrities as they trace their ancestry, and there is a familiar face behind it all. >> are you familiar with susan sarandon? think you k

but for anyone else, we have more to come on cnbc world. >> including who is in charge. weekend will be a test of strength for scandal plagued prime minister sylvia burlesconi.

cnbc matt nesto is here with a look. >> thanks, guys, very much. fourth gain in a row, 6 out of 7 in terms of the big benchmark indexes. look at a couple of the trends i'm tracking. come fly with me, i have three stocks that are flying today, all on takeover rumors. glg is up a very strong today and bloomberg reporting that man group out of the uk might be interested in a piece or all of it. radioshack also in play here today and rti international being said to be eyed by bea systems. doubling down on the casinos, all five higher here today and best percentage gainers in the russell 1,000. that's about 10% growth and also power stocks are replace strange buying binge going on here. three of the top ten volume actives in the s&p 500 are utilities. back to you. >> all right, matt nesto, thanks so much. >>> that is going to do it for us here on "the call." >> i'm trish regan. >> i am larry kudlow. i was worried about melissa defending that mortgage intervention but we squared it off the camera. i'll see everybody tonight on "the kudlow report" at 7:00

today on cnbc. >> we have steal bagels in the green room. with dan bartlett on "morning joe" brewed by starbucks. ♪ [ woman ] nine iron, it's almost tee-time. time to face the pollen that used to make me sneeze, my eyes water. but with new zyrtec® liquid gels, i get allergy relief at liquid speed. that's the fast, powerful relief of zyrtec®, now in a liquid gel. zyrtec® is the fastest 24-hour allergy medicine. it works on my worst symptoms so i'm ready by the time we get to the first hole. and that's good because the competition's steep today. new zyrtec® liquid gels work fast, so i can love the air.™ >>> there is a real issue of whether or not this is another distraction from what the rnc is in business to do. we have a historic opportunity to win over 50 seats this time around and we can't blow it because we are apologizing or explaining our leadership is explaining this sort of nonsense. >> at this point, i'm not calling for his resignation but i think there has been excess i be spending. the republican party and its donors need to be doi

let's go to cnbc's courtney reagan. hi, courtney. >> so far, so good. things are still looking up on wall street. it looks like the dow is up 38 points right now. after yesterday's gains we'll see if we can add to that at the closing bell. europe also higher this morning. got a couple earnings reports for you. staples reportsing their quarterly earnings at 38 cents a share. that was just one cent short of wall street's estimates. the banking committee reportedly closed a deal on financial reform. reports to democrat chris dodd and bob corker have agreed to a watchdog inside the federal reserve. the agency would have the ability to write and enforce rules. they've also agreed to allow the government to break up financial firms if they threaten the system. they could introduce a revised reform bill later this week. >>> automaker reports sales fell later today. overall, sales are expected to rise 9 to %. that's actually less due to last month's snowstorms and recalls. ford as an increase of 24%, but hey, up is up, right? toyota's sales are expected to drop

to find out why more businesses provide aflac, visit getquack.com a cnbc original production. [ music ] >> marijuana is the most profitable illegal narcotic. >> this is a huge business. uh, in california alone, it is the number one crop. >> and there's at least 13 gardens within a mile radius of our home. >> thirteen gardens right around your house? >> mmm-hmm. >> yes. >> wow! >> thousands of growers, millions of users, and a market in the billions. >> how much money was coming in to your marijuana smuggling operations every year? >> about 50 million. >> it's a multi-billion dollar business rife with guns, gangs, and plenty of money. i'm trish regan.