dom? >>> we'll be right back. dom? where you at? he'll come back.. >> announcer: the "power house" is coming up. can you name the city? the birthplace of the internet. home to six fortune 500 companies. it also has the busiest port in the usa. [ male announcer ] it's here -- xfinity watchathon week, your chance to watch full seasons of tv's hottest shows for free with xfinity on demand. there's romance, face slaps, whatever that is, pirates, helicopters, pirate-copters... argh! hmm. it's so huge, it's being broadcast on mars. heroes...bad guys... asteroids. available only on mars. there's watching. then there's watchathoning. ♪ >>> my question of bill, if watching, launching these accusations. >> i'm launching accusations? >> what data do you use for price trades on direct? >> the direct feeds and the sip in combination. >> i asked a question. not what you use to route. to price trades in your matching on -- >> we use direct feeds. >> no. >> yes we do. let me talk. you had a 300-page commercial. so let me talk. >> ah, yes. high frequency trading sma

. >> dom, dom, $5 million is not going to apeat anybody. it's not going -- that's a slap on the wrist. >> but what about indefinite suspension. >> if there's no responsiblors. >> what about an indefinition suspension. he's -- >> what does that mean? he barely goes to the games now. >> he can't be involved in the day-to-day operations, but he's still allowed to hold this asset. i wonder where that -- gradually he may be forced to sell the clippers. >> listen, guys, who is going to play for the clippers shall? okay? they've lost all their sponsors. there is one thing we've talk about with people in the know, a hot of levy hitters, we'll get to sarah in just a second, because we've talked to people here. if the league is damaged, not the clippers, if the league is damaged, there may be opportunity to force the sale -- let me finish my point, police, because we have talked to people deformly involved in the process. if the league is damaged, then the league may have the ability to put in a force majeur and make him sell the team. that's what we

we areal session lows, dom sdwrus mentioned some momentum names. you throw in large-cap tech, everything is pulling the nasdaq down. now, we've been talking about the past few weeks, and i want to show some of the damage that's been done in the nasdaq in context. 75% of the nasdaq 100 is in correction territory. nearly 30% is in bear market territory, so nearly a 20% decline from recent highs. if you look at the last time for the correction, it was back in 2012, so we are on that watch right now. a couple levels to watch. we sliced through the 3986 level on the nasdaq composite. we decidedly went through that. 3942, this is the 200-day moving average, the long-term average, a very important timeline. we are very, very close, just about five points away from going through that level. finally one last number, 3934, if the nasdaq falls below that, we are effectively in correction territory. again, 10% decline from the recent highs. we have not seen that for the past few years, so certainly something that's on everyone's mind. simon? >> thank you very

let's go to dom. >> lots of chatter about a possible bailout for ukraine. approving a $17 billion, what they call a stand by arrangement. a bailout loan. $17 billion over the next two years. $3 billion of which will be made immediately available to ukraine. again $3 billion immediately available with other payments or other program -- again, payments out of the loan program when they meet certain performance criteria. the imf approving a $17 billion loan package for ukraine over the next two years. $3 billion of which will be made immediately for their use. >> thanks for those details. brian kelly, any impact on any of the markets? >> i'm not sure it will have -- they need about $50 billion. you're going to need a bigger boat to help them out. all they're doing is making sure they're going to gas supplies to europe. if anything, it's a negative. >> apple making a second major dead offering for $12 billion. investors came running with more than $40 billion in orders. joining us now the managing director of armored wolf. great to see you. >> good to see you.

thanks, dom. mr.test move could make him a lot of money, but a lot of investors are screaming insider trading. why did they do it this way? kate kelly is there to talk with us about it. >> despite his penchant for publicity, bill ackman knows how to navigate quietly. he did it through the over-the-counter options market, giving him the economic equivalent of the 10% long position that dom was talking about without the reporting requirements of buying actual stock far in advance. doing that could well have triggered the need for regulatory filings that would have alerted allergan of ackman's plans and no doubt raise the stock price along the way as public investors became more aware, but still trying to build that important 9.7% stake. critics are crying foul, sake ackman clearly had inside knowledge of the takeover plans and that, by teaming up with the takeover company itself, he was able to effectively create his own destiny here, since this is an attractive deal that stands a pretty good chance of

back over to you, sue. >> thank you very much,dom. let's head to the nasdaq.vers uptown for us. it's not a pretty picture at all. >> no, the nasdaq is underperforming, much has to do about the sell-off the internet stocks. as well as expanded capital allocation program, on to the stocks, weighs on the nasdaq. back to you. >> extra zane ka jumping today. pfizer going after the british drug rival, but forget about the big headline number. the big story may be in how much taxes pfizer could end up saving. sheila has a look at three u.s. companies that have been down this road. tell us about it. >> the fancy deal term is called inversion, so inversion of taxes, basically when a company buys another company, and all throughout that process can lower the tax rates. here's a bit of how it works. a company is based in the u.s., buys a foreign company, the u.s. company gives up its citizenship, and voila, they end up paying the foreign tax rate, which is often lower. here's the catch. it can add up to some meaningful savings. for example, when a mish ga dash elan, redo

we start it off with dom. >> all right. so melissa, brian, what it comes down to is yes, stocks at session highs now. like you said, there has been a focus on certain sectors. let's start with industrials because ge doing pretty well today in today's session, given what is perceived as a very good earnings number here. although a slight sales miss. ge is helping other industrial stocks. you talk 3m, other names, even honeywell which maybe didn't have as strong a quarter as some analysts wanted them to have. at least made it to the upside now. also like you said, technology, yes, it's being weighed down, but here is a bright spot, and it's the semiconductors, specifically certain areas of the semiconductor market like in flash memory and whatnot. sandisk certainly higher on its earnings number, helping put a bid to other companies like taiwan semiconductor. you talk about other names in that space. that's the reason why you're seeing that move there. but overall, traders are telling me at least down here, you're getting the

let's go to dom in the news room. >> down about 4% in the after hours trade. posting first quarter earnings of 70 cents a share. 3 cents better. revenues were $4.26 billion. second quarter earnings to the low side of expectations. they brought back $9 billion worth of foreign cash. but get this, they had to take a $3 billion tax charge in order to make that happen. so the conference call is kicking off now. we're going to take a listen to what they're going to say. ebay shares down about 4%. by the way, that is just about where the options market was pricing the swing h the stock prior to earnings. >> expecting a quiet quarter out of ebay. >> right. stocks started to move almost initially after the original call. but the cautionness and you start to get to the guidance, you want to see what's coming up next and when you see some of the guidance and also in the earnings, i think that's when people started to turn on the stocks. >> what's different about this stock is this is a company -- >> earnings. >> well, earnings and valuation. these guys traded a small di

>> i think it is, dom. unfortunately, i think the situation will get a little bit worse before it gets better. look at the "wall street journal" today. the front cover, we saw u.s. paratroopers landing in poland to do some training exercises due to the fact that the pro-russian putin has actually -- beefed up exercises on the east side of ukraine, actually warplanes flying over. so tensions are mounting. they had five dead pro-russians, the militants wearing no labelling now, have taken over a lot of parts of the eastern ukraine. i think unfortunately we'll see gold go higher due that reason. >> the gold trade always goes higher when there's geopolitical uncertainty and the fact you have masked soldiers with no colors on them is giving people a moment of pause. brian stutland, is this a reason to buy gold? we have seen a nice run-up in the quarter after a dismal year last year. is this the only reason to buy gold, or are there other reasons as well? >> i think it is a reason to buy gold. there are other rea

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dom chu? >> the xlf, the etf that tracks those financials, closed down more than 1%, but the activity in the options pits was feverishly bearish. in today's trade, the biggest one, someone actually bought 30,000 of the april 21st and -- april 21.5 strike puts for $21 each. that's a nearly $1 million bet that it will get better for these financials before next friday's options expiration. next week we're getting the earnings from citigroup, you've got bank of america, goldman sachs, others, next week, very heavy overall for the banks and reporting season. melissa, could there be more pain for the banks? that's going to be the real key. >> thanks so much, dom chu. how worried should we be as we head into another big week for earnings and specifically bank earnings. let's get into the money and find out now. don has been bearish on financials at large, jpmorgan specifically. >> we did a trade, i think, a month ago. for this expiration. we were looking went the stock was above 59. for me, the comp

we have rim, steven and dom standing by to break down the i-bond verse treasuries versus apple stock.want yield, which is the better slice to bite. we'll be right back. we'll be rie financial noise financial noise financial noise financial noise it's called truecar. and truecar users... save time and money. so when you're... ready to buy a car, make sure you... never overpay. visit truecar.com today. cut! [bell rings] this...is jane. her long day on set starts with shoulder pain... ...and a choice take 6 tylenol in a day which is 2 aleve for... ...all day relief. hmm. [bell ring] "roll sound!" "action!" what is this place? where are we? this is where we bring together reliably fast internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system. only from xfinity. tv and internet together like never before. >>> the i known maker selling $12 billion in debt of varyi

and dom, really? this is diplomacy?well, lou, this guy powered all of the years and i think that as long as mark has been on radio, this guy has been in power since i started talk radio and he is a mythical character out there, and i felt like i was transported to 25 years ago. >> i am delighted that you are taking us down memory lane, but is it a good deal or a bad deal? >> i don't think it is a good deal. i am just back from israel, lou, and john kerry is seen as a bigger joke there than president obama is, and that is the bottom line. >> and this is how bad this is, even jonathan pollard has rejected the terms here and this is not an april fools', pollard has rejected the terms of the deal. you won't bring the israelis and the palestinians to the table this with this. >> and hundreds of millions of people and the smartest brains in the country, and we have sent john kerry to handle this, so i am sure that it will work out. >> tough group. thank you, mark, dom, and monica. >>> from the left wing, assaulting the 2nd am

. >>> so let's talk about that with bob pisani who's here with me, and dominic chu because in e.c., dom, i'm going to start with you. you heard the danger list. do you agree? >> you know, it's interesting now, when we talk about that, cramer is absolutely right, but the question is whether or not they all happen at the same time. which you get a sense from investors today that maybe there's a fear that all of those are brewing the perfect storm, but you have biotechs, and of course all the other types of stocks that make up the market. first with the high flyer stocks, oftentimes the market will revalue those. after all, we do want to pay a certain am of stock price. with amazon there's a fundamental case to be made that they need to come down. for the ipo frenzy, we may have seen a lot of them right now, but some do better than others. remember zoe's kitchen? other stocks don't fare nearly as well. with those biotech stocks, this is of course one of the leading sectors or industries on the way up. it's about a stock picker's market. >> i agree with the ipo point. >> i was just going to

. >>> let's get to dom which you chu for a quick flash. >> taking a hit in today's trade. it's a smaller company. the stock is down 7%, 8% after it warned of a bigger than expected loss due in part to the cold winter. they also said margins were -- heavy discounting, the stock is down around 14% over the last five days or so. so taking it on the chin today, bebe. >>> here's a question, is buying the home the single worst financial decision? i think more people are saying yes. >> plus bob olstein is here. you're going to hear it here first on "street signs". >>> and why the banana trade is simply going bananas. "streets signs" will be right back. >> that joke had a peel. [ male announcer ] the wright brothers started in a garage. mattel started in a garage. disney started in a garage. amazon started in a garage. ♪ the ramones started in a garage. my point? some of the most innovative things in the world come out of american garages. introducing the lighter, faster cadillac cts. 2014 motor trend car of the year. ain't garages great? [ banker ] sydney needed some financial gu

. >> terrific, dom. thank you very much. appreciate it. >>> if investors are indeed fleeing some of those stocks, where is the smart money going? we welcome bake david bailen, and gary that i terr, chief make roe strategist at wells fargo advisers. gentlemen, welcome. gary, i want to start with you, if i could. >> sure. >> there's a lot ahead for the market to consider. how dao vu the market at this juncture? and how worried are you or not about earnings season? >> well, sue, right now we think the market is going through a period relatively short term where investors are a bit more cautious. we had a big run-up, as you said a lot of those momentum stocks got pushed very high, so we're seeing less interest in those and more interest in defensive type of stocks. we think that's probably a trend that will continue for a bit longer. >> david, do you agree with that? and where do you see clints, their high net worth clients, the so-called smart money, where are they deploys their assets? >> a huge first quarter, sue, in terms of

i have my good friend dom. thank you for stepping in. up up to a buy. >> how about this?al up side of 25%. this call is after two downgrades, but remember, this stock yesterday-ish lost almost half of its value. so, again, a downgrade coming. it's a pretty good upside move. >> let's move along. it is hub group. a strong back from raymond james. >> you're talking about $50, potential up side of about 25%. hub group is transportation logistics and management. they do things like trucking. they manage people's capacity for things like railcars. >> completely different from grub hub. >> completely different. they're saying -- >> earlier on in the show, with andy kessler, we were talking about getting out of the new tech names that having slaughters into the old tech. cisco has initiated, even in the midst of security problems we've been talking about from the heartbleed. >> absolutely. this company's revenue is also down, but suntrust's target is about $27, so you have this idea that maybe there's an opportunity to buy shares now, given some of the turmoil that's happening, a

. >> i think we'll beat by 3%, 4%, but i want to comment on dom's comment. i don't think the vix is -- there is way toss protect yourself or short 9 market that the not show up in the vix. none of that would show up in the vix, but there is definitely fear. everyone has been saying hedge funds are getting hurt. if you're a biotech fund, you've been hurt, but talk to some of the broader hedge funds, you'll find a lot of them have been flat on the month overall. what i've been emphasizing is old-school tech, dividend payers, energy stocks, you can say they're if you haddy duddy stocks, but since when did value completely go out of value. i don't think it has or should. >> the dow 30 is a short, and you can see that it's, over the last week, up about 2% or so. that would be one way that if you thought there was continued downside action, you could buy into that. here's the pro shares short, which is also up about 2.25%. and the pro shares qqq short, which would be a way to short the nasdaq. >> none of this would show up as a fear indicator in the vix at all, an

i will tell you what you mentioned, dom, investment firms, large managers, also got rebates.o everybody participants in it. >> that's the question. the question, though, whether or not it's a conflict of interests for the exchanges to pay rebates to those folks who are deciding which exchange the deal should go to. is it a conflict of interest for a eck broer supposed to get his client the best price to say, wait a second. maybe i'll put my finger on the scale and send it to the guy that will give me the rebate? should it go to the customer, the broker? paid at all is the question? >> a hot topic. we asked viewers to weigh in as well to solutions what you think should happen. tweets, trading fast is not a crime. define what is illegal and prosecute those who break the law. darth vader says, reinstitute the uptick rule. otherwise redesign the system until someone finds out how to exploit the new version. john says, high tax rate on trades held under x minutes at y monthly volume. last one says, democrat, more regulation. republican, fix what? libertarian? morecompetition. prag

>>> dom chu, "market flash." >> take a look at momentum stocks.ng to talk about them again because they are really the center today. first look at solar. then you've got tesla, cellgene, all getting hit pretty hard. momentum continues to be a focus. perhaps what's leading the market to the downside. now, stick right here on "power lunch" because after the break, we're going to talk about some of those reasons why those momentum stocks are getting hit as hard as they are and why the market may be -- may be -- showing signs of a top. all that next up on "power lunch." keep it right here. financial noise financial noise financial noise at your ford dealer think? they think about tires. and what they've been through lately. polar vortexes, road construction, and gaping potholes. so with all that behind you, you might want to make sure you're safe and in control. ford technicians are ready to find the right tires for your vehicle. get up to $120 in mail-in rebates on four select tires when you use the ford service credit card at the big tire event. see

. >> dom, thanks very much. the floor because it's getting pretty crowded. >> getting crowded and loud out there. >> 12 minutes to go to the close. take a look at markets. still looking at record highs for the dow. strong gains across the board. i shouldn't say too strong. only up a tenth of 1% when all is said and done, tyler. we'll see what happens. >> and the buzz is building here at cnbc headquarters as the final preps are made to ring the nyse closing bell from right here on our floor. it's a big day. >> i love it. alan greenspan is going to spend some time with us to muse over the last quarter century, and the biggest regret of his tenure as fed chairman. plus, international paper's ceo with his view on the economy, hiring and if china truly is becoming the world's biggest economy this year. we'll be right back. really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals

dom? >> we'll start with twitter first.ting a loss of three sent a share from the social media company on sales of 241 million. investors will take a hard look at growth hoping that the company can at least maintain last quarter's 4% growth rate and users, advertising revenue and time line views per monthly active viewers will also be watched very closely. just off session highs ahead of that trade, 2%. as for ebay, analysts are expecting a gain of 67 cents on sales of $4.2 billion. investors here will be able to focus on the numbers now that activist investor carl icahn reached an agreement with the company not to spin off its electronic payments unit, so, of course, that's a big focus, and those shares are up 1.5%, bill, kell, ahead of the trade after the bell. back to you. >> thanks, dom, very much. with the 13 minutes left, the dow holding steady with a gain of about 92 points. see how we do in the last few minutes. >> the yield on the ten-year, meanwhile, creeping in, not keeping people from huge deplanned for apple's

dom nick thank you very much. >>> not in america. that is the word from the iowa ran.he man has ties to the 1979 hostage crisis. and the white house said he will not get a visa. and iran is refusing to back down. federal agents falling off the round of cattle. it is breaking news all day long on saturday. i am reading your tweets@harris faulkner and share them with the reporter live at the scene. stay with us. you are feeling exhilarated with front-wheel drive. you are feeling powerful with a 4-cylinder engine. [ male announcer ] open your eyes... to the 6-cylinder, 8-speed lexus gs. with more standard horsepower than any of its german competitors. this is a wake-up call. ♪ little things, anyone can do. it steals your memories. your independence. insures support. a breakthrough. and sooner than you'd like... ...sooner than you think. ...you die from alzheimer's disease. ...we cure alzheimer's disease. every little click, call, or donation adds up to something big. alzheimer's association. the brains behind saving yours. out for drinks, eats. i have very well fitting de

dom. >> melissa, check out what's happening with gogo. it's losing ground on news that at&t plans to launch a high speed long term evolution inflight wireless service for airlines and its passengers by 2015. gogo has lost 1/5 of their value on relatively heavy volume. 750,000 shares. this is what happens when a blue chip giant decides they want a piece of your pie. >> we have talked to gogo and about gogo from a very long time about the fact that competition can come in and now it's coming in from at&t. >> a great example, $35 stock back in december and you're looking at it getting beat. they're going to be rewarded if and when they decide to start covering some of those shorts. at these levels knowing the competition is out there and one of the folks who has used this product, not very happy about it and i can see why the stock could continue this down side. i would not start trying to bottom pick it. >> you look at the top shoulders. just because at&t set their sights on it doesn't mean it's going to be valuable, too. i think you buy --

thanks, dom. have a good evening. >>> talk about the skyrocketing cost of fast food. this? customers at this dell taco eatery. they lost their appetites when they saw they had been charged thousands for a simple order. the enormous bill was automatically swiped from his debit card, taking a big bite out of his bank account and leaving him and his wife a bit perplexed. >> she bought six tack could he see, it cost us $10,220. >> nothing is that good. 150 customers hit with similar overcharges. dell taco says it's obviously a technical glitch. >>> you hope for the victims of alzheimer's. we're going to tell you about a new program that's teaching young doctors how to better treat their patients. salesperson #1: so, again, throwing in the $1,000 fuel reward card is really what makes it like two deals in one. salesperson #2: actually, getting a great car with 42 highway miles per gallon makes it like two deals in one. salesperson #1: point is there's never been a better time to buy a jetta tdi clean diesel. avo: during the first ever volkswagen tdi clean diesel event, get

dom hedge way is rated r. for now showing, i'm jeremy roth. >>> la sinking the blues tonight.s 7-2 route of the dodgers in los angeles. the giants out scored 15-6 in the fwoirs games of the certify east. felix hernandez took a shutout against oakland and seattle home erred twice on their way to a 3-2 win. >>> net predators put a dent into san hoe assist hope in the division title. the predators kept their slim playoff hopes alive by with back to back wins. >>> there's going to be a goon east sequel. i know you've been waiting. the director richard don er is telling tmz that it's in the works. he wants to bring back the entire cast. 28 years, they're going to be a lot older since that original cult classic was released. you can get many dee -- can't get many details on what's in store for the goon east. z that's it for kron for news at 11. stay connected with us. have a good night everybody. see you in the morning. >>> after the big announcement knew. i'm retiring. >> the question everyone's asking. who's the next dave? >> could it be one of these guys? or gals. could it be him

ukraine has suffered a lot and it's a dom accumulated community. it has suffered a lot. they are in the west of ukraine and you know about the historic past partially, they were in -- checkseckered flag lovenia. probably they have something nside. to today's e.u. countries, they have give some special -- they were the second rate people in those historic states. it is forgotten but some people still remember that and that's where the nationalism come from, i think. central, east and, southeast of russia, which is deeply rooted in the russian states. there, people have some difficulty. now, they're part of ukraine put together part by part and of course, it's not easy for people to set up reservations to understand each other. we need to help them do that as uch as possible. what would be our goal in this situation, the role of a great neighbor of a close relative. we are partners beyond the ocean or in europe, i hope so. but at the same time, and i just about russia and they wanted to pull us apart to .ake us smaller i hope they're guided by that but i think that they sh

ted jackson, and dom. ted, you appear to be dressed as the devil. could you explain that for your upcoming adventures in the desert. >> i found out my race number and i was number 666. i thought i would have to buy red gear and run as the devil. it would help me to donate for my charity. >> what brought you here? >> i ran a marathon at the north pole, minus 40 degrees. i thought why not come to plus 40 and run an ultra in the desert. i'm here to raise money for o r overcomi overcoming. >> how are you feel, what is going through your mind? >> i want to get out and run the dunes. i'm so up for this. >> what are your biggest fears for the day ahead? >> it has to be the times in the dupes, and the state of my feet. it will be about the weight of the pack. a 10 kilogram pat. it's a bit of everything. the heat and the running will be fine. when you carry the pack it makes a difference. i haven't done much in the sand myself. >> you are carrying everything you need to survive. what are the essential you have in there? >> essentially food. for me food is a

dom is here, seema as well. activist, aereo and airlines. teaming up with valeant, making a run at botox. what is the end game? >> access to botox. >> that's hi end game. why not? >> jokes aside -- >> stocking stuffers. >> he clearly sees value in allergan's botox line as well as the eye care vertical. of course, valeant perhaps sees value in having ackman as a teammate, because ackman has experience in hostile takeover. >> it's a growth business and act viss do tend to do well. >> and let's go to aereo. the supreme court to decide whether or not aereo is any different from other capable or satellite phones or if they are entitled to draw freely from programs transmitted, whichever way the court rules will dictate in some ways the future of television. what do you think here? >> i get both sides of the act. i get the fact that i still know people who have rabbit ears and collect the broadcast networks. at the same time i know why you want to pay for it. those fees are key for content providers. >> it's a close call. basically they're downloa

back over to you. >>> thanks, dom.n today's finance question of the day, the dow taking a big hit. what's your take on it? 44% of you say it would soon rebound. 23% say stocks will continue to go down. 12% say i'm waiting for a dead cat bounce. 21% say i'm sitting it out for right new. >>> all right. so what's the take on all of this volatility? joining me at point 9 are contributors kenny policy carri, abigail doolittle. and since you're right next to me, joe, what do you make of the volatility? do you feel there's more down side this market? we're in earnings season now. >> if you look at the vix, it's kind of low. perceived volatility is much higher. it's going to probably correct to the up side. we're going into earnings season, just as simone heard the voice of the lord, you need to hear the voice of the ceos and cfos. that's where you'll make money. the ones doing the job and manages the ship properly, those thoks will perform well, and those that aren't, sigh nara. . >> i think we'll see the dow play catch-up to

i want to go to dom chu back at headquarters with the latest. >> so, this is the next chapter in theealer or no dealer saga with taesla. they have gone to new jersey and intend to appeal the ruling that new jersey put into place, banning tesla from selling cars directly to consumers. the rule that you have to have a dealership franchise agreement to sell cars in the state of new jersey. in this case here, tesla filed that notice last week with the appellate division. they intend to appeal this ruling. the next chapter in new jersey with tesla and of course the dealer franchise model. back over to you, melissa. >> not too much reaction in the after-hour session. we had a big move higher in the regular session, up 6%. and big news about sales in norway, which is tesla's number two market because norway hands out huge incentives. >> huge fan of norway. >> do you? yeah. >> i'm not goofing. on monday, we talk about tesla. and what we said was, i thought the stock had a short-term bottom. you could trade it because the news flow was such that it was probably the next round of news, is goin

over to dom chu with a market flash. >> hospital stocks hot in an otherwise down market.ose session highs after the hospital operated that beat analyst estimates. tenant health care, far and away the best-performing stock, credit suite analyst said investors are jazzed up on health care reform and the uninsured becoming insured thanks to obamacare. that's positive for the hospitals as they get paid something versus getting paid nothing. >> dom chu, thanks for that. >>> we kick it on of with microsoft, because credit suisse is upping the target. >> that's about 20% potential up side credit suite sees in microsoft from here. also reiterating the outperform. they think the main takeaway is the growing momentum in the cloud product. they also they they could get back to double-digit. >> dive rye is another one we're watching. is it still a pop? 15%, releasing earnings yet, beat street stimts. >> the target also raised nearly 60% to 54 bukz for dive rye. dehave rye. they're optimistic about a meaning -- very bullish call on dv. >>> wells fargo an upgrade today. outperform is t

dom chu, what can history tell us at this point? >> we want to put it in per spect. we like to show how it relates. let's start with big market stats. at current levels, the s&p 500 trades at about 16, 17 times earnings. that's your benchmark, so to speak, also trades at about 1.6 times per sales. >> how did that rank? back in 2007, the situation was identical the market was trading at about 16 times, and price to sales about 1.6. so it's a far cry from what it was like to the tech bubble in the 2000 peak where at times the s&p 500 traded at 27 times earnings, so nowhere close to that level, but it's interesting. the question then becomes, what's different this time around versus last time around? if you look at the sectors that have been helping to lead the way higher in this latest bull run, check this out, because consumer discretionary and health care stocks are now about 54 to 66% above where they were during the last peak in 2007-2008. so they've done very well, but here's the thing. two important sectors, telecom and financials, financials because it's the sec

. >> strong performance, dom, especially today. discuss if grub hub's ipo is a sign of out of control valuations in the next hour and if this is a bubble in the ipo market or not. we'll be right back. 'll be righ. look at them. making moves that would put an adult in the emergency room. yet all they really want to do is grow up. it's funny, everyone i know wishes they could go back and feel younger. sound familiar? then test drive one of these. current non-gm owners and lessees use your $1,500 allowance to lease the 2014 cadillac ats for around $359 a month with nothing due at signing. geico motorcycle. see how much you could save. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approac

michelle, back to you. >> all right, dom, thank you. 27 cents in after hours trading. thank you, david nelson. super helpful on the biotechs. be sure to tistick everybody coming up at 5:00 p.m. eastern time. the rest of the panel is sticking around. >>> bill ackman took a big stake in allergen. then he launched a takeover bid for the company. that's got cnbc's jim cramer up in arms. >> how does someone kind of basically know that there's going to be a bid and be allowed to accumulate stock. classically, that would be fraud money. >> is cramer right? that's next when we speak with former s.e.c. head harvey pitt exclusively. >>> also, talk about high on the hog. investors loving harley davidson's earnings beat. the stock up more than 7%. find out what's revving up sales when we speak exclusively to the motorcycle maker's president. >>> and then former minnesota governor jesse ventura going off on ceo pay. >> ceos, just because they're the boss, that doesn't mean they work any harder. you think they sweat more? you think they need a differ

. >> certainly is, dom, thanks very much.ore on the wells fargo earnings beat we're joined by tim sloan. >> he's chief executive officer of wells fargo, or at least until may 15 and also a member of cnbc's global cfo council, i guess, at least until may 15. you'll run the wholesale banking group for wells fargo, right, tim? >> that's correct, bill. >> congratulations. >> thank you very much. >> bill, you mentioned -- >> i'm sorry, go ahead. >> what were you going to say? >> well, you mentioned earlier that it was our 17th consecutive quarter of earnings growth, and we're very, very proud of our performance. it was also our 12th consecutive quarter of record earnings, and, you know, our earnings at $105 a share were up 14% year over year, and we were able to achieve those results on just the fundamentals of our business. we focused on our customers and we would grow loans, up 4% year over yore. grew goes deposits up 6% year over year and focused on oh, -- on expenses and obviously our secar plan was not objected to and we plan

we will dom jennifer garner. >> what happened there. what have you got? falling off. >> it's borrowed so i mean, you know. still -- >> jon: can i tell you something. here is what i do if i'm jennifer garner. i pocket that (bleep). i don't give it back for a second. [laughter] this is perfect my appropriate on this perfect day. our good friend stephen colbert. >> so exciting. >> jon: is being elevated to truly one of most distinguished positioned in all of television. you have a unique relationship with stephen colbert. could you please describe it for us. >> you ready? >> jon: i'm ready. >> i used to babysit for stephen colbert's kids! >> jon: boom! boom! here is what is weird about that. stephen colbert has to be weird about that. he is 20 years older for you the fact that you babysat for him -- >> we were guest stars on spin city forever ago. i had maybe six lines and he had four. we had all of this time to hang out together so it's not like they said we're done with those fools let's let them go. they forgot about us. we were hanging out and he was lik

happily we have dom cast our votes. >> if no candidate wins more than 50% of the vote, a second round must be held between the two top contenders. results will not be known until mid may. the new president is unlikely to be in place before july and august. there are an estimated 12 million voters, and around 12 million voter registration cards are in circulation, raising concerns about fraud. there's 6,800 centres. for many casting a vote, it was hours travelling. >> let's go bernard smith, standing by in kabul. how is the big day shaping up? >> elizabeth, it's pouring with rain, we've had thunter and light -- thunder and lightening and the threat of taliban violence. kabul is almost locked down by security forces. despite all of that there seems an enthusiasm to vote. there has been long lines at polling stations. people getting drenched. taking a turn to vote. the first time in 5,000 years there'll be a democratic transfer of power. many afghans want to be part of that, despite the taliban's threat to target those taking part in the election. joined by a mayor monitoring the vote. h

back over to you. >> dom, thanks. you guys think that even as momentum turns and there are a huge chunk of stocks that are under that mom umbrella that the rest of the market can just be fine? coast along. hitting new highs. >> what you're getting now, scott, is you're not seeing money fleeing from the market. you're seeing money coming out of momentum names like netflix and finding a home other places in the market. as long as that goes on, just i think it just makes common sense. the market is going to hold its gains. and we're going to continue to make new gains. so, no, i don't think there's any reason to say because netflix is down 25% the rick santelli of the markrest of the to crack. it could lead to that. >> the high speed trading debate rages on and everyone is looking for answers. here now to blake it all down is rich, principle at sandler o'neill. rich, welcome. it's good to have you on the show. >> good to be with you, scott. >> so, you know, the exchanges got lumped into this conversation in the lewis boo

dom choo is heu is here. not the first company to do something like this, particular willy in the tech path? >> right. going's certainly is not the first company that's making this choice to structure into two classes of stocks. lots of companies before it have done it. actually about one out of every ten stocks in the s&p 500 have a dual share structure and they're names we know. berkshire hathaway. class a and b share. so does broadcast giant cbs, and news corp. facebook even, only one of them is publicly traded. so why exactly do companies do this dual listing? one of the biggest reasons is it helps preserve the control by founders, insiders, controlling families of a public company. you can trade the non-voting shares all you want, but there won't be at much trafficking of the non-voting shares. along the same lines, this structure can fend off activist investors who can accumulate stakes in the company but won't ever had voting rights associated with the voting shares. the new class of irsshares serv as

dom, thank you. bob, see you in a little bit. as a matter of fact, friday, we go inside stevens school of technology management and explore their quantitative finance program. by then i will be able to say the word algorithm. we are going to show you the facilities, the programs that stevens use to train wall street's next generation of traders and programmers. looking forward to that very much. ty? >> sue, thank you. the s.e.c. confirming there are several active investigations into high frequency trading and here's what s.e.c. chair mary jo white said yesterday during a congressional hearing. >> i think people would agree that there are advantages of speed but what's the impact of the advantages of speed. is it harmful, is it not harmful, who does it harm if it harms. but these are all, you know, issues that we are very much reviewing intensively. >> should high speed trading be regulated? representative peter defazio is a democrat from oregon. what do you think, congressman? >> i think the previous panel was great. it's very c

dom chu back at headquarters with this. >> that's correct.rs are making bullish bets in big oil stocks. names like exxon, bp, or chevron. in exxonmobil, more calls than puts were traded today. bp saw a 3 to 1 call to put ratio, bullish indicator there, and in chevron more than 4 calls were traded for every single put option. a lot of the activity was in longer dated option its which suggests traders are seeing gains come later in the year. exxon and chevron report earnings next week. energy has been a hot trade this month so some interesting options action this time around in oil. >> thanks so much, dom. so the question is should you jump in on this bullish action. let's get to carter worth once again. carter, a couple weeks back i believe you said you liked the xle. it's set up well. do you still like it given the gains we've seen so far? >> obviously the best performing sector now for several weeks, in fact months in a row. what's interesting here is that the entire group represents 10.5% of the s&p, 55 names. yet three names are half the w

let's send it to dom chu for the rundown. dom? >> i can't even count how many.0-some companies are reporting earnings tomorrow, that's just in the s&p 500. we've put a bunch of them up. eli lilly, microsoft, amazon, dunc dunkin' donuts. i can't even go through all of them, but here is the interesting part. we asked the traders on your desk right now, what are three of the companies you want to focus on and why? first of all, caterpillar, a name that we all know, they make all kinds of heavy machinery, bull dozers, tractors, this stock is up 14% year to date, still near a 52-week high right now, a pretty decent stock. but what this will tell you is about the global make roe economic health of everything around us, especially construction and mining, these guys do a lot of equipment that way. there are perhaps some signs that maybe not as good for the construction and mining business caterpillar will be an indication of that one. microsoft is relevant again. they have a new ceo, they're shaking up their products a bit. they have xbox 1 and all kinds of new initiat

there is a dom reply kated situation on the ground. we are an unarmed humanitarian agency, one which unprecedentedly, certainly among other groups in this conflict. we had 12 members of staff. it's a dangerous situation. it is ready, we have food in the warehouse in damascus. we can take it in. what we need is security, substantial access, we need secure access, and we need it now. because people are going hungrier with every passing minute. it's back to the security council. we need the action. if they want to get rid of chemical weapons, they pass a resolution. they are being eliminated because hundreds are facing the threat of chemical weapons. tens of thousands are facing threats because of a look of food. it's logical that the council should act, and they must live up to the hopes of family fathers, that this sort of thing would not happen. succeeding generations would be saved from the scourch of war. that is what the people of yarmouk need. >> syria's president made a rare public appearance outside the capital at an ancient town