back to jim paulson, wells capital management. jim, you're talking about seeing a bottom forming, a change in leadership. but in a market in which we had the ten-year yield hit an intraday low, not seen since august of 2012, in a market where we have gold trading at its highest level in about a year in high yield, by the way, the etf attracts high yield, at new 52 week lows, aren't these other asset classes telling you something very different from, hey, a bottom is forming equities? >> they could be, melissa, no doubt of that. that certainly is the fear here. but i think they're saying more, there is just colossal fear we didn't get at the last two market bottoms. and so you come down to is there going to be a recession or not. and my take on that is we're not going to have recession in the united states. we could, i just think it is unlikely. i would say the data has gotten better. clook look at that claims number we got this morning. the first quarter has risen close to 2.5% of late. we got great job openings. we had an awful go

i'm going back to something your associate jim paulson said, that is that this report seemed to calm whatever fears there were were. >> a possible u.s. recession down quite a bit. if that's the case why did the stock market go down so much some. >> yeah, it's a great point, tyler. i agree with jim that the report does calm the fears of recession. this was actually a much stronger report on a lot o the metrics than i think the headline numbers suggested. but to your point, stocks again kind of faded. they faded somewhat orderly today. there was not robust selling or panic selling. but i think stocks will continue to trade off of where the price of oil goes and we had oil back down another 2.5% today. >> darrell, seems that jobs were the gains we saw were pretty evenly distributed throughout the economy. what do you think this means in terms of what the federal reserve will do? will they be on hold now? do you think they're going to raise rates this year? >> we don't think this one report changes the path of the federal reserve. certainly economic data as a whole has downshifted in the

joining us to discuss that we have ellen zentner and jim paulson. en a strong week for stocks. and heading into the best week of the year, you say we've already seen the bottom? >> well, that's my guess. i wouldn't be shocked if we had to go down and revisit those levels again. i think we've seen close to the bottom. even if we break lower. i like this. last sell ooff we had, we did se of the things we needed to do we need to revalue stocks, couldn't trade at 19 times earnings. got down as low as 16 times, which i think is more sustainable going forward. we finally gut checked sentiment. i saw some real fear there at the lows. people talking about a global recession. people rushing to safe haven treasuries and gold in a way we haven't seen before. i think we're starting to get the catalyst that will turn this. that's better economic reports. the economic surprise index in the united states has been turning up. seems like every day we're getting better reports. >> ellen, on today's inflation number, we got some inflation in the u.s. at least looking a

guy adami, thank you for joining us and jim paulson as well. >> be sure to check around for "fast money", a bigger call on high call growth stocks, and hear much more on today's's mega sell-off, european banks and tech stocks and we're a day away from the new hampshire primary tomorrow as candidates ramp up appeal to voters we'll head to the granite state to check in with tom brokaw and get his thoughts on things. >>> another day, another brutal session for tech stocks. hi, courtney. we'll check back in with courtney in a moment. should we talk to the panel here? all right. we'll talk tech with the panel here. the interesting thing what we saw today guys, there have been times in the past where it felt like friday where all tech was carry out or parts of it were. anything you would add? the fang stocks were actually very strong throughout the day. i mean, when you looked at facebook, google and amazon and netflix, netflix actually held in very strong, mark cuban came out and said i bought a bunch of put protection because i'm scared and don't want to punt and get out of it right here. h

paulson. you have a very cool -- >> go ahead. bob explain what this is. >> this is a signed jim plucken football.tt the mvp of super bowl xxv. so he signed that for me. and great guy. >> and pam, you have a connection with? >> well, jerry plunkett, his wife, watches us on channel 2. talking about people being cold at the office place, and she sent me a raiders blankie. >> they are great people. >> awesome. quick recap when bob was here last time, no joke, we were talking about pom granites. he said a great way to get rid of the seeds, a pomegranate spanker. >> we had a lot of people write it where they can get this. $8 on amazon.com. >> it works great. super bowl and healthy snacks alternatives. >> typically, everybody is going to have a party tray to go with their chicken wings and nachos and chili and other items. so that's still a good staple. but there are other items which are unique. >> and those would be, bob? >> those would be, bob, on national weatherperson's day, the super sweet peppers. mini peppers. these are out of the salinas valley. almost everything except for the apples, which ar

jim melseen, the world is coming his way. the ceo of ambak as well, and in the interview john paulson. >> that would be a good one. investor in puerto rico, but also in shale. >>> bring back rum and bonds, in that order. >>> thanks, everybody, for watching "power lunch." "closing bell" starts right now. \s >>> hi, everybody. welcome to "closing bell." i'm kelly evans. >> my turn to welcome you back. >> good to be together. >> it says another volatile day on wall street, but the dow is down just eight points right now. we've been all over the map on the back of janet yellen's testimony of the house financial services committee. now investors are looking to a slew of earnings coming out after the bell tonight. we'll have reports from twitter, cisco, tells la, whole foods, expedia, all of them compelling stories by themselves. >> what have we seen after hours, disney,

jim cramer pointed to yesterday. coke, johnson & johnson, cisco. >> and to equity, you were saying we spoke with john paulson yesterdayn and company, in puerto rico, and he felt that, you know, he said he wasn't jumping in head first at this point. but overall, he was fairly positive on the economy considering and kind of confounded by what the stock market was doing at the same time. take a listen. >> a disconnect between the forum a performance in the stock market and many companies, particularly, you know, that we have invested in our portfolio. that the companies are actually doing very well and yet the stock prices are declining. so that is kind of an imbalance and eventually that will sort itself out. so i would say that the market is somewhat overreacting to the current state of the economy. >> the key word there, eventually, went on to say, every time he buys something, it only goes down even more. so i think some people are still concerned, bill, at this point. >> yeah, there is reason to be in the sense that, you know, the numbers are not great in terms of out of the u.s. economy. i'm in agreement, i think g

paulson and ended up running the t.a.r.p. program, made himself famous by being on tv defending it because that wasn't enough fun, he went to start an equity fund. jim crow is one of the site you will get together to make money. after that, he ran for governor of california against gary jerry brown jerry brown won if you are wondering as he made a name for himself as a republican candidate who cared about people who make less than $3 million a year. neel is president of the minneapolis to their table and tradition about building and thinking. the president of the minneapolis fed for more than two decades and then 2004 with ron feldman wrote a book called too big to fail that looked pretty good at that time and looked even better from hindsight. i'm proud to say was published by the brookings press. i would also like to welcome bruce mccoury, former president of the minneapolis fed and a former president of brookings. neel kashkari will speak for will speak for a bit and then lbj and appear by jerry stern and john kohn, my colleague in the vice chair of the fed in sorry weather has prevented at the duke from getting here. turns out it's easier to get