>> good morning, dom, good morning, contessa. when i look at the balance we had last week, i try to put some sort of a consciousness about every other selloff i've seen. and you know, is this a real recovery is it a real rebound when you saw the selloff and when you saw the sell-back the middle of next week, we sell off perhaps for no reason. and i asked people why did you sell off what's your opinion? people are saying inflation, due to the ten-year. you tell me then, why the yields were down on certain dates, and the market was still down. so, what's gotten me concerned, dom, is the selling. where it doesn't matter, we're still going on a daily basis, so, yes, a concern about the market as a whole being at its levels right now it feels like it's just a really rebound oversold notion to market so, today is extremely crucial >> but, steve, when you're talking about not factoring in these bigger, broader indicators, how did that be the case we've seen this enthusiasm, there's been all of this talk about animal spirits out there is

i'm contessa brewer. thank you for joining us becky will be back next week next week, facebook, snapchat, instagram and more how to keep your kid safe on social media each week, keep it right here. we are "on the money." see you next weekend have a great one >>> breaking news. you're watching "options action" on what has been a roller coaster week for stocks. the dow bouncing in and out of correction territory and erasing all of its gains this year the index tanking as much as 1600 points at the lows on monday the dow traveling 22,000 point this is week with major inter-day swings all week. and closing out today, higher by more than 300 points the hordest hit, energy. crude breaking 60 for the first time this year that could be your

demand is so strong it's unlikely to take the heat off an already super hot housing market contes contessa >> if you're going to have buyers who some dropped their plans to buy or buy in more affordable areas, what happens to the rental market will you see a big rush? >> you may see more people who decide not to buy a home right now. rents are incredibly high which makes it harder to afford that down payment to save for that down payment so you may see more people stay in the rental market and those who can get into the housing market will have to look in cheaper areas. >> diana olick, thank you. >>> those rising rates may not be great news for home buyers for but for savers, it's a different story. sharon epperson joins me now why are they rising so quickly when we're talking about the fed raising the rates. >> let's talk about rising interest rates and how it affects consumers across the board, whether you're a saver or borrower rising rates are occurring because great things are happening with the economy people are spending more,'m plo i -- employers are hiring more and companies are i

i'm contessa braer. thank you for joining us. is back next week and we'll talk guaranteed income. should low income americans get a monthly check not from the government? each week keep it right here. we are "on the money." have a great one. we'll see you next weekend. male narrator: so much can happen in 125 seconds. - mcgrath goes out. - that's a shocker right there. narrator: history can be repeated. - oh! - oh! - i have to respect every obstacle out there. - oh! - no! not again! sam sann, out. narrator: hearts can be broken. - i definitely never want to let my son down. - oh! - oh! [air horn blows] - i know your son has been the motivating factor for you. - oh, my god. narrator: walls can come tumbling down. - can she be the first? - come on, meagan. that's what i'm talking about! - meagan martin, the first woman ever to complete the jumping spider. - what she did was phenomenal. narrator: tonight, the clock starts anew. fresh faces... - all my life i've been working to overcome obstacles.

i'm contessa braer. thank you for joining us. and we'll talk guaranteed income. should low income americans get a monthly check not from the government? each week keep it right here. we are "on the money." have a great one. we'll see you next weekend. >>> breaking right now, firefight. crews are battling flames in an old city building. it's led to dozens of evacuations here in philadelphia. we're live on the scene. >>> deadly flames. this fire claimed the life in a philadelphia neighborhood. >>> a winter blast of snow on the region that won't be here long. when spring-like weather returns in the first alert forecast. >>> even this morning with that rain coming down, the snow washing away. not going to be here long. good morning. this is "nbc 10 news today." i'm rosemary connors. >> i'm dray clark. that weather roller coaster has uson

i'm contessa brewer. thank you so much for being with us.be back next week. >>> and facebook, snapchat, instagram and more, how to keep your kid safe on social media. each week keep it height perigh. >>> right now at 5:30, heavy rain soaks the region and this massive storm system is still with us. when it will finally move out coming up in the first alert forecast. >>> two people are killed overnight. investigators are trying to determine if the rain played a part. >>> lining up to continue the celebration. birds fans have another chance to see an eagles favorite today. we'll tell you where jay ajayi will be signing autographs. >>> good morning on this soggy sunday. this is "nbc 10 news today." i'm rosemary connors. >>> i'm dray clark. we've issued a first alert for the rain and fog today.

i'm contessa brewer. thank you so much for being with us.be back next week. >>> and facebook, snapchat, instagram and more, how to keep your kid safe on social media. each week keep it height perigh -it's been a season-long party. a ten-week tailgate from coast to coast. [ cheers and applause ] ♪ -the festivities started in venice, when crashers shook the dance floor. -check the richter scale. there's a whole lot of shaking going on. -and swung from the chandeliers. look at this! -oh, my god! -dallas was ladies' night. the sport's reigning queen climbed the walls. -matt, this girl is not human. -and shimmied to the roof. -drop the mic. we just witnessed history. [buzzer] -there is no limit to what this woman can do. -whoo! -st. louis was a family affair. -brothers wilczewski are back! -michelle warnky! she's done it! -they partied so hard they shook the foundations.

scott. >> hi, contessa. we're in newark, california, in the bay area, but it could just as easily be newark, new jersey, or newark, delaware, or any american school district, all now re-evaluating their security after yet another masdz shooting in fact, the superintendent here says that has become the top priority >> school safety is always our biggest concern. if i had to pick one question that we get from anyone is really how safe are schools? that's kind of the question that people ask before they even get to academic questions. >> this is pretty typical suburban high school, and the security here is already very visible. perimeter fencing, security guards, cameras, and a cutting edge monitoring system that can detect the sound and pinpoint the location of gunshots anywhere on campus but sanchez says there's still room for more, bringing this district with 13 schools and 6,000 students up to speed would take about $3 million to $6 million, that's as much as 5% of the total budget now, the partner alliance

>> contessa, it's tim. is there any sense there is a small feeding frenzy from competitors?e time when other players in the industry starting to think maybe this is time to make a run for them >> reporter: you know, i haven't heard that on the record i mean, i have talked to some people at las vegas sands. and i think that the sense is, well we already own properties in those locations and why would this be attractive to us look at mohigan sun which made a huge play for the casino license in boston. look at that property. it is in a huge metropolitan area a big international airport, easy to get in and out when you are looking at the value you have to think mohigan sun might make a play for that again. >> contressa brewer thank you so much. >>> compared to other casino giants wynn resorts is looking cheap. the market cap $18 billion mgm $20 billion. las vegas sands run by steve wynn's good friend, $60 billion, what would a potential deal for wynn be worth? guy, i worry about calling it cheap. because what nobody knows is whether these, the scandal, the allegatio allegations,

contessa brewer is live in carson city and has been covering this story for us what is the latest >> this is really sending a tremor through the gaming industry in nevada a pivotal inflew he weew influel leader is resigning. he said in the last couple of weeks i have found myself in an avalanche of negative publicity, i have reached the conclusion i cannot continue to be effective in my current role the fact he is resigning from his role as chairman of the board of a company he founded shocked those who are close to him. i spoke to a source who said they never thought that steve wynn would willingly step aside. in this case, not knowing what was going on behind the scenes with the board, just knowing that, in fact, the board is under some pressure now. the stock is under pressure. it dropped 20% since the "wall street journal" came out with all of these dozens of allegations against steve wynn dating back over decades at the time wynn put out a statement and called it preposterous this morning we have a statement by the wynn resorts board of directors saying the board of directors an

"power lunch" starts right now >>> welcome to "power lunch," i'm contessa brewer. another strong day for stocks as all three indices look for a winding streak the dow is up about 143 points, a slight pullback from where we were a half hour ago both the s&p and nasdaq are on pace in more than six years and both indices up 5% health care the best performing sector today johnson & johnson, pfizer, eli lilly among the big gainers. a couple beaten-down names moving higher, ge back above $15 a share despite being hit with a shareholder lawsuit and snap is now up 50% so far in february. three hours left in what has been a huge week for stocks. bertha coombs is at the new york stock exchange bertha >> it has been quite a big week. it's been two weeks since we had that downturn starts and after consuming a lot of rocky road ice cream, today it feels like vanilla. if you look at the major averages in terms of where they are from their highs back at the end of january, the nasdaq here within 3% of its all time high in january as we've seen a big recovery in particular from bi

i'm contessa brewer in for becky quick. a stomach-churning week for stocks. what does it mean for your retirement money, and what's next? >>> ready to get behind the wheel of your new car? oh, wait, the next step beyond self-driving is coming soon. no accelerator, no brakes, no steering wheel, no problem. >>> finding love with what you hate? the new app that pairs you up by what you don't like. >>> and what on earth is chocolate pizza? one young man's amazing success story and the sweet taste of success. "on the money" starts right now. >> announcer: this is "on the money," your money, your life, your future. >>> we begin with a peek into the future, and it's arriving

contessa brewer reports from las vegas. >> reporter: up and down the las vegas strip, iconic casinos stand as monuments to steve wynn's vision and design inspiration. but the man who i partly responsible for modern-day gaming has had a reversal of fortune. wynn's resigning but says he has been dealt aha bad . quote, in the last couple of weeks i have found myself the o focus an avalanche of negative publicity. as i reflected on the environment this has created one in which a rush to judgmen sakes precedence over everything else, including the facts, i have reached then conclus i cannot continue to be effective in my current roles. since january 26th when the wall street yurnl outlined dozens of allegations of sexual misduct against steve wynn, the sto plummeted. his own birthdays launched an investigation. shareholde sued wynn resorts for breach of fiduciary responsibility. and the culinary rker's unit texted its 57,000 memrs urging them to report misconduct. td gaming licenses are at stake. nevada gaming control board is continuing its investigation. >>eporter: a n chairwoman, becky

it has incredible dollar impact in communities from coast to coast. >> contessa, thanks very much.ht now at this school. it was scheduled for a little while from now but for some hours i've been seeing students gather. they've come up to where we are. you can't get to the vigil from where we are and police have redirected them around but let's listen in for a moment. [ applause ] >> my daughter graduated from marjorie stoneman douglas in 2017 and like many of us that are all here, we came here because parkland is a beautiful place, with amazing teachers and amazing schools and amazing parks and this is impacting -- >> thank you for another day that we're standing here. i know there is a lot of grief that is happening right now in the families and friends of everyone that was impacted by this tragedy. i pray for comfort right now, that only you could provide. i pray for peace. but god i pray above everything else you would bring community like you never have before. and i play that parkland would rise back from this. this would be something that was a hiccup in the road, but god, we

. >> thank you very much steve wynn resigns from the company he built that stock moving higher contessa brewer is live in las vegas. >> reporter: when you look at that stock, you could see how much investors were affected but what a reversal for steve wynn the man who helped shape the way modern day las vegas looks resigning as you said and by the way losses have begun being filed. norfolk county retirement is suing over breach of fiduciary spobl -- responsibility against the back drop of the dozens of allegations by the wall street against steve wynn he sent out a statement last night saying in part, in the last couple of weeks i found myself a focus of an avalanche of negative publicity and this is a rush to judgment takes precedence over everything else, including the facts. i've reached the conclusion i cannot continue to be affective in my current role at the time he said that the allegations against him were just proposterous. the board also sent out a statement in connection with steve wynn's statement saying that it reluctantly accepts his resignation with a, quote, collective h

and contessa brewer joins us for the second hour. >>> president trump has just republican lawmakers at their retreat in west virginia ylan mui is there with the latest >> reporter: this is a victory lap for the president as he palled around with lawmakers out here in west virginia. he's had a wide-ranging speech, it touched on issues including immigration, military funding, tax reform and the message that republicans are really trying to send here is that america is winning again. >> no longer are we making apologies for america. we don't apologize jim [ applause ] we're proud of our history we're confident in our values and we're grateful to our heroes. >> even though the president and republicans are talking about big policy goals for the year, they are facing a flurry of immediate deadlines, first and foremost being keeping the government open beyond february 8. the lawmakers that we've talked to so far here say there will not be a government shutdown and that they are carving out time during this retreat to talk about some long-term spending levels for the government. there's also

contessa brewer joins us now with more. >> tyler, these guns are easy to get. they're easy to modify they're easy to shoot. in fact, the nra labels the ar-15 the most popular rifle in america, and estimates gun owners possess more than 8 million of them. they're used in hunting and sports shooting and massacres. again and again, from a grade school in newtown to a massacre of concertgoers at mandalay bay. semiautomatic rifles are manufactured by many companies some of the big ones you have heard of, sig sauer, colt, remington, browning, many others there are hundreds more smaller and lesser known companies that manufacture these guns and the accessories that go along with them plus, there are hobbyists and others who make one of a kind custom firearms. they can even be manufactured, get this, on 3d printers, so these would be unregistered and untraceable. plus, gun makers enjoy special legal protection that other makers of consumer products do not. the protection of the lawful commerce in arms act was passed in 2005. it protects manufacturers and dealers from b

steve wynn is now officially out as ceo of his company following allegations of sexual misconduct contessa brewer joins us from carson city, nevada. she has the details. good morning >> good morning. this marks a seismic shift for the gaming industry in nevada. if you look up and don't vegas strip, you can see the imprint of steve wynn everywhere for all that this is a publicly held company, this is really steve wynn's company, one that he founded and loves as he said in a statement released last night. he once again tries to deflect blame. he says in the last couple of weeks i found myself the focus the avalanche of negative publicity. one in which a rush to judgment takes precedent over the facts, i cannot continue in my current role the board of directors said it accepted the resignation with "a collective heavy heart." president matt maddux will take over as ceo in a succession plan endorsed by steve wynn maddux is facing tough odds here macau regulators sat down with wynn macau to demand exmra anything th explanations the nerve vad dvada gaming cont meets here this morning to discussi

contessa brewer has more are you surprised to see he resigned as quickly as he has?reporter: it is interesting, the analysts don't seem surprised at all there was general consensus among analysts i spoke to that this needed to happen for the company to move forward, but people who knew the wynns well say they're shocked he would have stepped aside they saw him fighting the last thing. talked to the former mayor last week, he said no, no, no, he's a fighter. you look up and down this strip, this is largely steve wynn's vision for las vegas but after his stock plummeted, after the investigations have been swirling around his company, he stepped aside. the casino mogul had a statement last night that says in part in the last couple weeks i found myself the focus of an avalanche of negativity publicity. as i reflected on the environment this created, one in which a rush to judgment takes precedence over everything else, including the facts, i have reached the conclusion i cannot continue to be effective in my current roles. wynn has fully endorsed the succession plan tha

contessa brewer covering that story for us lestly picker is here on post nine, leslie, with ellen colemanou both. much to get into i have to quickly ask you, ellen, because we just heard about steve wynn leaving his own company, you know, you're whole thing here is to close the corporate leadership gender gap. he was not replaced by a woman in this instance, but what's stepping down quickly say to you? >> the board is serious about the company and what it means going forward, and reputation is one of the things they need to guard, and he would be depressing the company's shares, putting uncertainty into that market, and so moving forward under new leadership it's an important part of every board's responsibility to their shareholders >> now, obviously, there were pretty significant allegations of sexual harassment at the company. as you were climbing corporate ladders, did you experience sexual harassment as you were, you know, rising through the ranks in corporate america >> no, the '80s were a different time, many of us did experience sexual harassment, and there were not as many places

his top picks in the space including jpmorgan ahead of the big investor day tomorrow first though, contessaer >> coming up on "power lunch," warren buffett says stocks will be abetter bet over the next 3 year he also said he wouldn't rule out owning 100% of an airline. should you follow his move and companies continue to break their ties with the nra. we'll talk to one company standing by them and not bowing into pressure. we're back right after this. e r. but to us, e r. it's the pace of tomorrow. with ingenuity, technologies, and markets expertise we create the possible. and when you do that, you don't chase the pace of tomorrow. you set it. nasdaq. rewrite tomorrow. experand the nx hybrid... nx, with a class leading 31 mpg combined estimate. take advantage of special president's day offers now through the 28th, on the 2018 nx 300. experience amazing at your lexus dealer. at ally, we offer low-cost trades and high-yield savings. but if that's not enough, we offer innovative investing tools to prepare you for the future. looks like you hooked it. and if that's not enough, we'll help your k

the rifle used in yesterday's school shooting is bringing up questions of corporate responsibility contessar has that story. >> yeah, mike, the nra labels the ar-15 the most popular rifle in america and estimates gun owners possess more than 8 million of them. they're relatively affordable, customizable and simple to shoot. hunters and sport shooters use them, and so do attackers in mass shootings again and again, from the elementary massacre in sandyhook to mandalay bay in las vegas last october they are manufactured by lots of companies. some of the big ones, winchester, remington, colt, smith and wesson there are hundreds of other smaller, lesser-known companies that manufacture these guns and accessories that go along with them and then, of course, there are the hobbyists and others who create one-of-a-kind, custom firearms, and they can even be manufactured on 3d printers. these would be unregistered and untraceable. so, gunmakers enjoy also special legal protection that makers of other consumer products do not, the protection of lawful commerce in arms act was passed in 2005, and it p

games where you are basically practicing shooting every day on a simulator. >> all right okay >> contessathank you we know you will have more updates. >>> coming up on sidewal"squawk check out the futures, the dow and the nasdaq has been in positive territory throughout the morning, holding pretty steady for the dow up 230 points "squawk box" will be right back. >> announcer: time now for aflac trivia question -- take a deeeep breath in... and... exhale... aflac! and a gentle wave-like motion... liberate your spine... aflac! and reach, toes blossoming... not that great at yoga ya but when i slipped a disc, he paid my claim in just one day. so he had your back? yup in just one day, we process, approve and pay. one day pay. only from aflac but prevagen helps your brain with an ingredient originally discovered... in jellyfish. in clinical trials, prevagen has been shown to improve short-term memory. prevagen. the name to remember. but through goodt times and bad at t. rowe price we've helped our investors stay confident for over 80 years. call us or your advisor. t. rowe price. invest with c

pretty incredible rebound for equities contessa, thanks for being with us. >> thanks. >> thanks for watching "closing bell" -- >> "power lunch" begins -- "closing bell" begins right now. >>> "closing bell" begins now. welcome. i'm kelly evans in the new york stock exchange. >> been hosting too many shows i'm bill griffeth. major story out of washington, you've been hearing about, moving the markets to some degree it's about russia's involvement in the 2016 election let's get to eamon javers for the latest on these indictments. >> reporter: we got a set of indictments today. two separate filings from the special counsel's office one detailing 13 russians indicted for their role in alleged meddling in the 2016 u.s. presidential election and the u.s. political system dating back to 2014 also indicted were three russian entities and separately an indictment followed an american who was allegedly involved in related credit card crime. the deputy attorney general rod rosenstein briefing reporters this afternoon laid out a case called the internet research agency employed hundreds of people to the