you had jpmorgan getting back close to the unchanged on the year after being down 15% at one point on year in early february. and you know, the results were pretty decent. jpmorgan's going to be able to buy $6.50 billion worth of stock and they have a 2 1/2% dividend yield and everything sounds fantastic. right? but don't forget about the fact that these guys actually had very poor results in q4. they gave murky guidance. not growing sales or earnings expected in 2015 to be flat. valuation is cheap, it's a little over book or whatever. here's the thing. everyone's focused on higher rates here. we don't know what's going to happen. is the fed going to remove the patient word or not? i think that's already in the markets. okay? the rates have already moved up here. i think it's in the market. you have this enthusiasm. and when i look at jpmorgan i know it's considered that one you want to go after but there's a formation. look at that right there. on cue. the 50-day moving average is crossing below the 200-day moving average. that is what some technicians, maybe not carter, call the dea

stock pickers at jpmorgan are bucking the trend toward index investment. new money to is actively managed stock fund that any of its u.s. mutual fund rivals. the bank added more than $18 billion. nasa has a blast -- successfully testfiring the rocket booster. it could eventually carry astronauts to mars. tom: very good. more space between mr. monk and the u.s. government -- mr. musk and the u.s. government. an alarming rate. america up to its eyeballs in oil. what will be the ramifications of $20 or $39 a barrel oil? others make a lot of headlines with a single point. you go in for very granular analysis. when i say america is up to his eyeballs in oil, what do i mean? >> there at the highest levels we have ever seen them. we are seeing cushing, the storage sites also extremely high. we have high inventory. tom: how long does the inventory stay there? can it stay there for years? francisco: that oil is going to be there for a wild. olivia: 450 million barrels. francisco: in commercial crude storage. then you have the spr. tom: does price clear our glut? fr

erik: in the case of jpmorgan hackers got alarmingly far into the company networks.not seen thus far is an attack on financial markets themselves. what does the fbi know? how close have hackers, whether they be criminals or nationstates trying to disrupt this country's economy, come to penetrating and messing with the integrity of america's financial markets? agent taddeo: we have seen some activity that is troubling. general clapper disclosed that iran was behind the attack on the sands hotel in las vegas. another nationstate trying to create annoyance and also an attack that was to struct of the nature. i think we would be well served to prepare for an attack that has an impact that may shake some of the continents levels. erik: stock market, bond market, currency markets? agent taddeo: those are very well protected systems and it would be extremely hard. erik: we thought jpmorgan was well protected, too. agent taddeo: i agree. we are always surprised. most of these payment systems and trading systems are closed systems. the biggest that is when you are open to the

jpmorgan says this rally in america is looking tired.g to hit severely. down goes the dow. off about one and a half percent. look at apple. it will be apple watch. we will ask a bold later this hour. right now we are down 2% on the stock. 244. an important maybe new trend. california highest in the land. up $0.77 in a month. 342 is the average for regular in the golden state. hillary clinton will address the e-mail scandal about two hours from now. lou dobbs is here. you think that she can get out of this. >> i do. this is a woman who got away with telling the investigating committee of congress what difference does it matter in response to four dead americans and walked away from it untouched. it is truly extraordinary. this is minor. she had a private e-mail account. let's start at the beginning. "fast and furious." the irs scandal. the conservative targeting scandal. working journalists in this country and not a glove landed on the president to this point because he has effectively stonewalled. where do you think you learn to do that?

i look at jpmorgan, i know it's a consideration the one you have to go after. and that is what some technicians, maybe not carter, call the death cross here. two weeks ago on the program, remember we highlighted microsoft doing the same thing. it went from 44 to 41 in a straight line. to me, i think there's a lot of enthusiasm build up in the space. we have a meeting well telegraphed. time to short the banks. >> what do you do? >> i look out at april. april expectations going to catch their earnings report on april 14th. i have two events between now and mid-april. and i bought a put spread. and the stock was 60.55. i bought the april spread. i paid $1.20 for that. that is the max risk. it breaks even on the downside. i have the potential to make $3.80 if the stock is between $58.80 and 55. i think the stock is extended here. if you get to the earnings, i think we will see in mid 50s. >> when you say technical formation, i go to carter. do we agree with this analysis? what is this? >> my body of work. my sense. and hearst whoo i mean by that. we know the demise

jpmorgan, wells fargo, bank of america, and citigroup along with 27 others passed the federal reserve's annual stress test. that means they're strong enough to survive a severe u.s. or global recession and keep lending. the fed started conducting stress tests back in 2009 to restore confidence in the u.s. financial system. >>> asian markets finished mostly higher on the european central banks. tokyo's nikkei gained 1%. hong kong's hang seng lost a fraction. >>> stocks here on wall street finished slightly higher edged forward by gains in utility and financial stocks. the dow jones industrials gained 38 points. the s&p 500 finished 2 points higher. and the nasdaq composite rose 15 points. >> the state of new jersey announced a $225 million

so of course is jamie dimon of jpmorgan.lly or not, your bank, your old bank, bb&t, and jpmorgan chase, didn't pass the stress tests about a year ago. is that just a coincidence? am i being too paranoid in thinking thinking this? or is there political dimension to these results? >> no question it is political. in bb&t's case, if you looked at numbers, raw number, bb&t was ranked second best of all the banks but we didn't pass on what they call qualitative standards. david: what does that mean, qualitative standards, john? >> very subjective bit regulators. david: but what does that mean? they have to at some point describe what they mean by that, don't they? >> no. they don't. they can just make them up. they won't even tell the bank what that means. but, they are giving you a lesson. and the lesson is, hey, if you don't say nice things about regulations do what we want to you do, then you will be punished. liz: let me jump in. there is more news. bny mellon announced a $3.1 billion buyback. huntington bank shares, 3$6 milli

for the year-to-date, you still have the big three banks -- jpmorgan, morgan stanley and goldman sachsalf of all the deals announced. you see center view partners and lazard. it is notable that they made a big appearance. mark: thank you so much. get the latest headlines at the top of the hour on bloomberg radio and streaming on your tablet and number.com. that does it for this edition of "bottom line." -- on your tablet and bloomberg.com. "street smart" is next. ♪ /. . . alix: welcome to the most important hour of the session. 60 minutes left until the closing bell. i am alix steel and this is "street smart." janet yellen will be speaking at a fed conference in san francisco within an hour. we will bring that to you live. the rally takes a positive suite. we will look at what investors are most worried about. "street smart" starts right now. here are the top stories we are watching ahead of the closing bell. startling to convince

the reports are that they hired jpmorgan to do exactly that.you well know compete against netflix and apple. we've seen movie goers. the number dwindle. carmike tried to make it different in that they offer alcohol and food. and so we'll see what happens whether or not they can move forward with strategic alternatives or possibly a sale, but the question is whether the regulators will give us a thumbs up. >> thank you, nicole. if you're going to the south by southwest festival this weekend. which is uber hip or uber cool. they have declared it a drone-free zone following concerns about public safety and performance disruption. if you're looking for a great aerial shot of the festival, you'll have to settle for your iphone selfies and your selfie sticks instead. where is vladimir putin? melissa asked it. russian president has recently canceled public engagements sparking rumors of health problems, plastic surgery, or even worse, hash tags like where is putin? and #putinisdead. that's blowing up on twitter. russian television channel releasing wh

i notice goldman sachs is on there, jpmorgan. if i used to work on trading floor and things have been perhaps technologically advanced and a few changes when it comes to all kinds of regulations, you get them up to speed or internships get them up to speed? >> internship programs themselves get people up to speed in certain corporate specific ways but the individuals themselves, we give them strategies on how to update themselves and point them towards resources that do that. liz: give us some. we'd love to hear them. >> so we run a national small group coaching program for people who are returning to work. that is to help them figure out exactly what they want to do and get very narrowly focused. then we help them create all the things that you need for the current job search, which might include a linkedin profile and resume' getting used to phone interviews or skype interviews. beyond that we direct them to certain technology updating program. whether linda.com or you're going to the local community ed, we tell them employers

citi is undervalued relative to jpmorgan. think it's a great business for jpmorgan in terms of how they run it, but i think the banks now are run like utilities and have limited ability to go back to their own growth. they'll move up as the yield curve steepens. a much better play, the lpls of the world, zaschwab, goldman sachs. the business can show the effects of it. >> i want mike mayo to respond to what laszlo said. bullish on the banks, laszlo not so much. >> well, we are selecting those banks that have an extra earnings lever. revenues are still tough for the banking industry. so if you're citigroup you're one of the best restructuring stories in global banking. they have many levers to pull. if you're jpmorgan, they're at an inflection point for improving the efficiency of their company. on the other hand some other banks efficient without extra earnings levers to pull we're staying away. >> laszlo going to his research book. everybody better watch out. let me ask you before you go, great having you here, always good t

stuart: but jpmorgan has been brought through this by jamie dimon.nk. >> he absolutely has. he has quietly been building up key businesses to the point where they have really nice market share in credit cards investment banking, asset management wealth management. stuart: huh. and he's -- you told me during the break jamie dimon's the best banker in the world? >> i think he probably is. it takes a really great banker to run a place like this, to do it well. you could do it poorly, he's doing a great job. stuart: well congratulations, phil. you've got another barron's bounce. your track record is spectacularly good. 3% up on jp. fantastic stuff. thank you very much indeed, stir. >>> i've got to change the subject totally. you know those louisiana -- llams loose on the streets last month? they are therapy llamas. they don't have the proper licenses. [laughter] listen to what they had to say on "fox & friends" this morning. >> people can't come to you now and take a photo with your llamsa unless you have a license to do so? >> that's what they told me.

we saw that monster move in jpmorgan today.space rallied and the xlf was what caught my eye today. some large call volume, outnumbering puts 2061. there was a buyer 68,000, april, 24 1/2 calls that breaks even at 24.71. only up 1.5. 8 of the top ten holdings in the xlf are going to report in april expiration. i suspect this trader is looking to break even up 1.5% and when you go over to the chart here, the thing has been basing now between 22 and 24.5. here's the prior high, about 25. well, the calls don't look particularly expensive from a premium standpoint, it's hard to see this thing breaking out when you think about how widely dispersed it is amongst the financials here. you're risking 21 cents to make 30 cents. it's a nice levered play to the outside. >> thanks. check out the live show "option action" next friday. >>> coming up on "mad money" tonight, cramer is talking with a man heading the organic food revolution. and lululemon's healthy growth in tweets that are driving the market. oils, bio techs and so much more comi

shares of jpmorgan helping to power a very strong bull run on wall street.ll you who else is leading the charge and whether you make money as we are heading into the closing bell on this monday with the dow up 277 points, near session highs. ♪ ♪ ♪ at mfs, we believe in the power of active management. every day, our teams collaborate around the world, to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. it begins from the second the pursuiwe're born.ier. after all, healthier doesn't happen all by itself. it needs to be earned... every day... using wellness to keep away illness... and believing that a single life can be made better by millions of others. healthier takes somebody who can power modern health care... by connecting every single part of it. for as the world keeps on searching for healthier... we're here to make

when you think money-centered banks like jpmorgan and citigroup also acted very well.k of america sticks out like a sore thumb again. it was red on the day. we know they have to resubmit their capital plan. it was a conditional kind of pass and they're going to get it. that's two years in a row. when you look at the stock trading the way it, down 10% on the year and it just can't get going when the whole sector is, to me there is something going. >> you're thinking bank of america specifically is the short? >> bank of america. this is the death cross. this is when the 50-day moving average crosses below the 200 day and maybe a little confirmation by us here. this is something that just worked out really well in microsoft before it just turned down from 44 down to 41 over the last two weeks. so to me, here is one where if you get a continuation of the strength in these other banks into this fed meeting on wednesday, and then if they get any bit more or they remain dovish, let's just say, the banks are going to sell off here. if you're a trader, you want to sell the ones

. >> citi and jpmorgan have been outperformers in this market so from late january, early february, they are both up approximately 15%. goldman sachs up 9% and bank of america up 4%. these are the names that obviously the market has placed the bets on. bank of america probably has the most upside potential to shock the market, but would i still go with citi, jpmorgan or goldman sachs. >> you know, and i don't think there's a lot built in. an analyst downgraded bank of america last week for a possible failure of this. i don't think expectations are particularly high, when you think of how bank of america closed last year as a multi-year high and went down 20% and almost a in a straight line in january. the stock has obviously moderated a little bit. something else is going on at bank of america, too. i don't know if you have notice it had, a lot of headlines, high-level departures from the merrill lynch and merrill lynch on the institutional side, okay, and we know they had a lot of brokers leave over the last few years after that deal, so it seems to be that maybe that merrill that was s

manus: there is a debate about parity and jpmorgan saying, the dollar has gone to the upside.e euro the big driver in terms of return to growth? there is export oriented within the eurozone. patrick foley: the fall in the euro will not have a lot, maybe 2% or 3%. i wonder if it will remain weekend and the long run it. market a view will change it was he a stronger euro. that isn't the right place for the euro in the long run. manus: we have the long going between merkel in mr. surfers today. tsipras, still kill time in terms of making the debt payments. how much protection is there in europe to grexit is they stumble? what is your best case scenario with greece? patrick foley: the prospects are high. the euro is strong enough to withstand the impact. it would have much more confident impact then maybe a couple of years ago. therefore, in my view, the perfect countries to jump the way they did before. mario draghi is and the back row saying i will do whatever it takes to keep bond yields down in the country. manus: let's talk about the u.k.. very international debt. our economi

my kids are on facebook 24/7 not on jpmorgan 24/7. let me post my pictures on jpmorgan.o do that. i'm going to tell jpmorgan about my trip not going to happen. >> hints of housing recovery at lennar. >> great way to put. lennar's so much better than everybody else. no lennar keeps getting better and better. stewart miller is a great operator. all during the period where housing starts are weak what has he done? i think they're just great at what they do. >> 50 cents beats 45. orders up 18. >> wow. >> delivery's up 19. >> making money on each house. they've done so much to make it be as if the housing stock should not trade together. they should be best of breed and it's this one. i like toll, too, for urban initiatives. >> we talked earlier in the week. i like that miller said starts should rebound, start to rebound. what a relief that would be. >> yes. again, i think that if you sit down with stu would tell you it's tightness with the credit level with banks and that's totally true. you need a high fico score to get that loan. money has not loosened the way you think it

>> jpmorgan, goldman sachs, morgan stanley had to use mulligan. and resubmit their plans within that week and to ask for a restructure request. part of that is due to the feds test is very tough on trading. they want to capture the risk of that business. this may start to move to more of a strategic thing. the fed indicated yesterday they don't punish banks who use the mulligan. even if you use of years -- use it multiple years, they don't see it as a negative. thanks maybe using this strategically to as as much as possible. this is the only time they can move the lever on their returns from capital returns. betty: thank you so much for joining us. shake shack shares falling in late trade yesterday continuing to drop this morning after its earnings report failed to live up to investor expectations. the stock not looking so good in the free market -- premarket down 6%. revenue topped analyst estimates but the company predicted same-store sales will grow in the low single digits. matt miller joins us now on this. what did we learn here? "in the loop

jpmorgan spends a ton of money on cyber security.act that they were hit as hard as they were, it really is a wake-up call that all corporations need. there are few companies that spend more on cyber security and it shows the hackers are getting really good. it is not that these companies are necessarily data security. matt: a cyber bubble in tech land, they get very popular lately. what is your take? classic you have a cyber security idea these days, you will get funded and have a lot of money for it. they're in a company not too old , but well-regarded by investors. an example of how to do this right. >> back here on wall street, you mentioned the fbi is also investigating that wall street tank. how key is this to our national security? what are the concerns at what happens at an entertainment company? >> it is a big concern because of hackers get deep enough into the network, they can manipulate the markets and destroy economies. we saw hackers accommodate a -- a twitter account. they can have devastating consequences and it is rea

mary erdos who runswell management firm at jpmorgan.ered positions on wall street but again, porat held one of these positions for a long time. she joins a group in silicon valley, you try to think of women in the top tier of the executive groups. of course you have katz the cf om o of google. >> oracle. >> co--ceo. >> and sam berg. >> not many. >> the trial puts it in perspective scott cohen was covering today. >> coming up check on high flying pharma stocks exclusive interview with penny pritzker the commerce secretary. we'll be right back on squawk on the street. f "no regrets" ♪ plays throughout ♪ ♪ ♪ ♪ ♪ >>> biotech getting all of the attention. big pharma stocks on a roll this year. take a look at spdr pharmaceutical etf, up 20%. if you look at health care sector, it's done better. a rally of almost 30% over the last 12 months. joining us now, cnbc contributor and partner at claremont partners, barbara ryan. >> good morning. >> a lot of people -- i'm loving the way these stocks have performed but there will be people who are conce

let me post my pictures on jpmorgan. no i won't do that.p an oil company overcome minus 47 degree temps, 5 foot ice, and 16 foot waves, to safely keep crude oil flowing 365 days a year. when emerson takes up the challenge it's never been done before simply becomes consider it solved. emerson. >>> all right. nike reports a terrific quarter. china good and north america good. perhap goes through 1,000. visa, four for one split. i know that doesn't mean anything fundamentally but this is your chance to get in at 60 and change. i really, really like that idea. and then finally urban outfitters pushed very hard last night. i still think it can go higher. be on the lookout for one that i think is overextended bio gen. tomorrow the alzheimer's news. don't buy it anymore. there's always a bull market somewhere and i promise to find it for you right here at "mad money." >> narrator: in this episode of "american greed"... he's young, self-assured and loaded. >> troy peters: the cars and the houses and the money... he was living a pretty fast-paced li

certainly jpmorgan gets that a great deal. >> how about kiss this morning for jpmorgan about how ther bank is -- >> i did. outdoing "the new york times" story. their way to tell us mr. smith i guess the heir apparent. >> mr. smith doesn't go to washington is the way i call that. >> no. >> they don't are have to worry about washington. everybody's trying to put washington behind them. >> citi's going to be close to its highest levels of the year. >> almost back to -- >> it's just -- talk about stocks that have killed people. talk about nasdaq. citi was not good. but i like the changes. and, yes, i changed my mind. the facts changed. i changed my mind with them. what do you do sir? >> i do the same. i swear. yes, i know. i know. >> i'm not -- if my father were alive he'd call me after the show and say, are you and david feuding? what is that? no, i love david. he goes no i think you're feuding. no, dad, i'm not feuding. >> fiat chrysler auto sales. it's time for ford. phil lebeau has that. >> we can expect february numbers generally speaking for the industry, to be considered lackluste

when companies like jpmorgan chase phil reese -- fairly well-resourced can't solve this problem than we have a real problem. it has a lot to do with the human factor. if you think technology will solve your cybersecurity problem then you don't understand technology and you don't understand security. at the end of the day many these problems come down to a human factor. that's something that is really broken. often it is where the hands me the keyboard that the problem occurs. if you get an e-mail from a nigerian prince that says congratulations you are the one person on west 46th street that i trust from the nigerian industry that is not a technical technical -- technological problem. there's a name for it. they call it picnic. problem in chair, not in computer so there is a picnic problem we need to deal with. even beyond that there's a massive dysfunction between the i.t. shop of any organization and its users. think about that term. the i.t. people call you the users. who else called their customers users? drug dealers refer to their customers as users. i.t. were for her to their

bank of america, citigroup, jpmorgan morgan stanley, but those are still above the fed's minimum tierwhich was i believe, 4.3% as well as the fed's total risk-based capital minimum. just yesterday, though a research arm of the treasury department criticized the fed's stress test as what they called predictable. of course, results where every single bank would appear to pass the fed's stress test would lead to more critics saying the same thing. but fed officials responded this afternoon saying the arguments did have merits but that it's impossible to carry out every single hypothetical scenario in a single test. and of course kelly, the outcome of the stress test could still change next week when banks add their proposed dividends, buybacks and overall capital returns to the mix. those tests will be out next wednesday and that is really what shareholders are watching for, kelly, because that will determine what shareholders can get, what the fed will actually approve banks to give back to their investors. back to you. >> kayla, thank you. and please stick with us as we bring the panel

really need your advice in the short-term where do you see jpmorgan?ill go higher over the course of the year therefore you want to own jpmorgan, but my charitable trust that you can follow along owns wells fargo, which i do like more. let's go to florence in new york. florence? >> caller: oh, jim, your enthusiasm is captivating. i think we might revisit aoncorda therapeutics. >> it was hot and it cooled. ron cowen is bankable. you buy it and pull the trigger right here. let's go to terry in indiana. terry? >> caller: boo-yah from lighthead, indiana. >> nice. what's up? >> caller: well, i gave my cat the boot several months ago, and at over $105 i thought she was a little fat. last week i saw her on the street at less than $80. friday i took the cat back at $79 even. should i keep her or is she going to be a real dog for a long time? >> i don't know, man, i think you got a like you know got a canine there. i don't like caterpillar. it is down so much that i got to tell you at this point, it's just not worth selling. but, boy, talk about a company that

jpmorgan's kate moore runs a trillion dollars and reveals three sectors she's putting that money to workany down sharply on earnings and down 20% so far this year but one of our traders isn't scared. he's going to defend his position in the beautiful blue box. coming up on the "halftime report." >> i'll take it from there, thanks so much. we'll be there. what does vladimir putin have to do with president frank underwood? according to the kremlin, nothing. the russian government says vladimir putin does not watch netflix's "house of cards" and has not heard that putin's image was being incorporated into the show. it's interesting because last year, russia actually vetoed the filming of "house of cards" at the u.n. but unclear what this does for netflix's expansion into russia. >> finally something vladimir putin and i have in common we don't watch "house of cards" but i guess we also have that bear wrestling hobby. >> yes. >> yes. >> and the judo master shirtless thing going on. >> absolutely. >> to the cme group check in with rick santelli and get the santelli exchange. >> hi, carl. you

jpmorgan is a in a beautiful place. >> right. >> so there. >> a special programming note next week aian theamed week. fresh ideas bucking the trend. that starts on monday here on the "halftime report." coming up, why is dr. j doing his happy dance? >> yep. >> one stock he's been hot on is getting a big bounce today. plus, don't forget to visit cnbc.com/halftime for all of the trades and analysis from the team. first a quick look at the spring rally today. take a look. doesn't hurt to lock at the screen. the dow, s&p and nasdaq up nearly 1% if not more. the e-class has 11 intelligent driver-assist systems. it recognizes pedestrians and alerts you. warns you about incoming cross-traffic. cameras and radar detect dangers you don't. and it can even stop by itself. so in this crash test, one thing's missing: a crash. the 2015 e-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. is it crazy that your soccer trophy hey, girl. is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just ha

take a look at the way jpmorgan has been navigating through the market through the ups and downs, that's been one of the names that continues to hold up and hold up well, i think if you want solid name go there, want some extra boost to your portfolio you still look to the cities. that's running nice as well or bank of america. >> thinking rates will rise an the banks the place to be are the boy who cried wolf. will it happen or not. >> what's interesting you have the stress test results on march 11th and the adverse conditions are -- listen, far worse than they were last year. dow jones last year was down 50% in their scenario and down 58. far more apocalyptic. to pete's point the financials are trading well ahead of that. i think the market is tell graphing that they believe they'll get through the stress test fine. whether it be a citi, bank of america, some that i think will be whinners after the stress test, rates rising and beginning to see a little bit of that despite some of the bad news that we're hearing in terms of humphrey hawkins it testimony suggesting they don't go sooner

may be closing in on hackers who acsectioned personal information of millions of jpmorgan chase customers. federal agents believe theaferl several are in the country with an extradition treaty. last summer hackers got ahold of information for 83 million jm morgan chase customers. >>> new reports indicate cracks have been found in the tell roads of the eastern bay bridge. the chronicle reports the cracks were found at the top and the bottom of the rod that secures the base of the main tower. money is an issue. nearly all of the money set aside for testing the rods this year is gone. caltrans officials are now looking to cut costs elsewhere to fund additional testing. >>> a new lower speed limit may be coming for a popular trail in marin after some accidents between bicyclists and hikers. the board of supervisors is set to vote tomorrow on reducing the speed limit on the mill valley sausalito pathway to 10 miles an hour. right now it's 15 miles per hour for bockists. pedestrians say they've had their fair share of close calls. >> the bikers come speeding by on their, you know -- their cycle

the safety and security of american companies and banks is at stake in just the last year, ebay, jpmorgan chase, and many others have had between 50 million, and nearly 150 million records stolen. prompting some to hire armies of ethical hackers to find and fix cracks. but while patching the cracks can they get ahead of the brilliant minds creating the breeches. s there any place, truly safe from hackerser joining us, considered one of the best in the business when it comes to ethical hacking. he is the founder of a is h embedded device security company. an information security analyst, and c.e. of psychotic software, which provides i.t. security to companies worldwide. so glad you are with us, we know this is being considered one of the most destructive cyber attacks in america. do you expect this something of this scale required inside help. >> you know, i am sad to say that methods that they probably used to getting recess, and to escalate, and get access to personal data are pretty standard when we look at a cyber security assetsment or anything like that. you can probably a hire a uh

confident they can bring a criminal case in the coming months against hackers who stole data from jpmorgan chase last summer. they had access to e-mail addresses and phone numbers for 83 million consumers and small businesses. the new york times reports officials believe several suspects are gettables, meaning they're in countries that have an extradition treaty with the u.s. >>> and the apple watch hits stores next month, but not everyone has it on their must-buy list. a reuters poll shows 69% of people aren't interested in the device. more than half say it's a passing fad, but those who don't own an iphone would consider getting one in order to buy the apple which needs for the it to work. >> there you go. >> there's the catch. >> thank you very much. >>> mega fashion designers back pedaling after comments sparked a boycott of its brand. the pair blasted in-vitro fertilization in a magazine interview. both are saying they didn't mean to judge other people's choices. it is allowing people to have children who couldn't otherwise. they called children not born into traditional families, quo

jpmorgan, wells fargo, bank of america, and citigroup along with 27 others passed the federal reserve'snnual stress test. that means they're strong enough to survive a severe u.s. or global recession and keep lending. the fed started conducting stress tests back in 2009 to restore confidence in the u.s. financial system. >>> asian markets finished mostly higher on the european central banks. tokyo's nikkei gained 1%. hong kong's hang seng lost a fraction. >>> stocks here on wall street finished slightly higher edged forward by gains in utility and financial stocks. the dow jones industrials gained 38 points. the s&p 500 finished 2 points higher. and the nasdaq composite rose 15 points. >> the state of new jersey announced a $225 million settlement with exxonmobil for the contamination of more than 1,500 acres of wetland. it's the end of an 11-year legal battle and largest environmental settlement in state history. critics contend the $225 million is just a fraction of the nearly $9 billion initially sought by the state. >>> you've probably seen the infomercial for the blanket with sleev

jpmorgan had to adjust plans. of a received conditional approval from the fed, ordered to address deficiencies in plans. u.s. units of deutsche and santander did fail. >> santander, these are incredible. banks should right now, just go raise -- i mean everyone wants -- if they were to go through gigantic equity offer and say satisfy the fed immediately, people want paper, that's what they want equity. they'll take anything with deutsche bank. it's funny, here they get dinged and they can take advantage of it's qualitative. the fed's saying you don't mind your bank well. they're saying to michael corbat, boy, you run your bank well, citi. >> a change from a year ago. >> major. remember what corbat said? he said i'm staking my reputation on this. he said you can fire me if i don't get this. did he ever deliver. got dividend boost there. >> i wonder what the general take in middle america is on this head lean headline, banks gush cash. it brings to mind what dimon says this week, and that is you have a right to be ma

not much movement on citigroup shares or jpmorgan shares at the moment. there is one chart you need to know. it is this one. what you're looking at is weekly storage space. that yellow line pushing higher versus that five-year range which is that gray area here. this is what the iea says, we will crimp our stores capability and that will force prices lower. michael: i have spoken to people who have estimates of where people's breakeven prices are, in the 40's to 30's. costs can be forced lower. it is feasible to be into the mid to low 30's. alix: we have seen a more than 40% decline and production rising. "bottom line bill: you have to use a historical standpoint. there is no new jobs in a boom town but they are employing everyone. when you have the secular bull market and you maintain high prices when the rest of the economy is hurting big-time and then the hammer comes down it takes seven to 10 years to clear the market. until investors are being embarrassed for owning them until the word has been put you do not have a bottom. reading about people buyin

jpmorgan saying exxon has a solid allen's sheet. they -- balance sheet.ll be able to make acquisitions. exxon has about $5 billion in cash and cash equivalents. betty: alix steel head of the analysts. newark airport goes high-tech with a redesign, complete with 6000 ipads. we have all those details plus more bad news for banks. profits plunge. details on those numbers, next. ♪ betty: homeland security, getting the money it needs to stay in operation. the house passed the department budget yesterday and send it off to the president. only 75 republicans voted for the bill. the gop wanted to link the funds to a rollback of the president's executive orders on immigration. new details about how hillary clinton controlled her e-mail when she was secretary of state. she used a private computer server with a homebrew address register to her family home outside of new york city. that gave her total control over access to her messages. federal rules call for all official e-mails to be preserved and they were not. royal bank of scotland bracing for job cuts. as many

reuters reports officials from citigroup, bank of america, jpmorgan, and goldman sachs have discussedmatter. any move would be symbolic as banks can donate a maximum of $1,500 each. >>> you can't take it with you. ceo tim cook has decided to give all his money away donating an estimated $785 million fortune to charity after he pays for his 10-year-old nephew's college education. back over to you. >> thanks, landon. >>> yes, you are seeing this owl riding shotgun. >>> a sweet 16 pounding. kentucky obliterates west virginia. sports is up next. . sure! i offer multi-car, safe driver, and so many other discounts that people think i'm a big deal. and boy, are they right. ladies, i can share hundreds in savings with all of you! just visit progressive.com today. but right now, it's choosing time. ooh! we have a winner. all: what? [chuckles] he's supposed to pick one of us. this is a joke, right? that was the whole point of us being here. love is about letting someone get close to you ...really close new revlon photoready airbrush effect™ makeup revolutionary formula with light-filtering tech

. >>> jpmorgan agreed to $15 million settlement in the so-called assigned robo case. lender will make payments to more than 25,000 homeowners. in the aftermath of the housing crisis they rubber stamped foreclosure documents that were not actually reviewed. in some cases the mortgage holders were not notified that their payments increased after they filed for bankruptcy. >>> and it appears amazon may be making plans to ship packages to cuba. reuters reports its correspondence insaw a ship to cuba button on amazon's website monday but it didn't work and no such option was found on amazon's u.s. website. this comes after they agreed to restore diplomatic relations. >> wendy gillette at the new york stock exchange. wendy, thank you. >>> when we return, facebook fugitive. we'll show you how the ohio police got their man with the help of social media. my tempur-pedic made me fall in love with mornings again. i love how it conforms to my body. with tempur-pedic the whole bed is comfortable. it's the best thing we ever did for ourselves. it's helping to keep us young. (vo) vi

there is a report that authorities are closing in on the hackers attacked jpmorgan.ials are confident a criminal case will be filed against the hackers in the coming months. the crime was one of the largest ever against a bank. still, no customers lost money because of it and there was no personal information stolen. elon musk wants to have one of the biggest problems facing electric car drivers, range anxiety, the fear that you are running out of power. he says he will update software on the model s to sue the driver's about running on electricity during the middle of a trip. the model s has a range of about 270 miles. benjamin netanyahu does not have much time to turn the upcoming election around. his likud party is running second in the polls going into tomorrow's vote. he has offered to make an israeli finance minister on his side to appease those that do not support him. a stunning admission from the air of one of the biggest real estate fortunes in the country. robert durst appears to actually confessed to murderers whispering off-camera, that he "killed them a

you need only look at jpmorgan chase, anthem blue cross, target home depot aol heartland payment systems and on and on and on to say that that system doesn't work particularly well. when compass at jpmorgan chase, fairly will resources compared to your mom or your uncle, can solve this problem, then we have a real problem. here's why. it has a lot to do with the human factor which is why say this is a services problem. if you think technology will solve your cybersecurity problem then you don't understand technology and to don't understand security, right? at the end of the date many problems come down to the human factor and that's something that's broken. often is where the hands meet the keyboards that the problem occurs. so if you get an e-mail from a niche here in france that says congratulations, you are the one person on west 40-60 that i really, really trust to exfiltrated my billion dollars from the nigerian ministry of energy and you buy into that that is not a technological problem. there's a name for it it's like, they call it picnic. problem in chair not in computer. [laught

jpmorgan declaring edwards the big winner out of the weekend.good cholesterol not help? >> we are trying to do that. but that's been a big argument. there was a drug raising the good cholesterol. it didn't bear out as well as people thought. there were some side effects people were worried about. that's still a question whether raising hdl is better than lowering ldl or if you should be doing both or what the effects of that are. >> absolutely low cholesterol will lower your risk of getting heart disease. >> that's the picture that is being painted now. >> people have argued whether it's really -- i mean it appears to but then a lot of times clinical trials didn't bear it out. >> we're still getting an understanding of that, i think. >> hereditary too. >> yeah. absolutely. and some of these diseases are genetic that it could potentially treat. >> right. and the blood -- that's what scares me too. a lot of to it has to do with preventing clots so you use a blood thinner. >> my dad does that. but every time he cuts himself shaving, it takes four h

jpmorgan on the core., to shave about 0.4% points off of core inflation rates in 25th. here's where it complicates fed policy because it is in effect a tightening of policy. a it lowers inflation. if inflation rates go down it remains unchanged but the yield goes up. it's also what matters to the economy. the fed has said quote, they'll look for transitory factors but jpmorgan argues it's not going to become clear in june what's transitory. and the fed, otherwise cutting, even the strength of the dollar more and causing more of a drag on growth. >> does the fed care about that steve? >> they care a lot about that. they care about hitting both mandates. in effect, the truck is not that the dollar will move inflation lower. usually, they look through that. the problem is the starting point here say point that's pretty substantially below the 2% target. so the question is do they really want to risk moving further from their target in this case? plus, as i said the dollar is already doing the work of the fed

if you think some analysts, jpmorgan described the gambling numbers as shockingly bad.cks are very expensive, trim your positions, we have seen a little bit of pickup since january. talk to any ceo of gaming companies and they are all about diverse a fine. short-term -- diversifying. let me just wrap things up. property stocks financials. measures were announced friday. we will get more in just a bit. hopefully, we will bring some semblance of logic to these irrationally high prices in hong kong. >> thank you, david. we will stay with hong kong property and the latest attempts to colder market. joining us right now is our bloomberg property reporter. >> for the most part, it would be the first time homebuyers. the cuts were announced on friday night. it was targeting properties under 7 million hong kong dollars. it will not get you very much. 400 or 500 square foot apartments. >> this is 900,000 u.s. dollars. it is hard to wrap your head around it. in hong kong, it it is one of the most expensive real estate markets in the world. is this why the government is trying to

jpmorgan would suffer the most. mark: there's more stress testing.com, isn't there? caroline: potentially next week will be bigger. i will be back to say whether the federal reserve has given the thumbs up for the payment plans that these banks have. if you are suddenly quite close to the minimum requirement, say you are not miles above that a person capital letter, that financial strength, the federal reserve might say, i don't want you to pay out the shareholders as much as you plan. they could fail in that scenario. there's another area of concern, the qualitative issues. quality of the internal stress test. last year, citigroup failed, not because its financial requirements weren't there. it had enough of a capital letter, but the fed wasn't convinced that they won the stress test thoroughly enough. they hadn't participated in a sufficient thoroughness. thanks already have been -- banks already have been given the nod. anna: which of the banks need to be worried about this next hurdle? caroline: once again, goldman sachs is going to be in the firing line. last ye

the deal allows allegations that jpmorgan misled investors.ing amazon and experimental airworthiness certificate. this means the company will be able to advance its delivery service the ground. every prime minister is meeting with german chancellor angela merkel, the french president and the ecb president. european leaders are urging him to find a compromise with creditors. joining me over the phone is the chairman and ceo of greylock capital who was just recently in athens talking with lawmakers. what was your biggest take away? >> there are so many things you could sense there. in some ways, you probably got more information from the newspapers. there's a sensor has a lack of direction by the government. we spoke to one advisor who admitted they had not made more headway doing detailed work with the eurogroup, but i think the main take away is people recognize what a mess it is but you feel like that things will come together. >> is there any kind of disappointment or disagreement within the party? >> i think the sense on the street and the

jpmorgan says it is overvalued. is it the most overvalued currency in the world?e moment the trend is coming a little bit easier into the morning trade. how is it playing out with the asian currencies? you have the dollar trading higher and the malaysian ringgit lower. they say they are probably going to downgrade malaysia. the currency down over 1% on the week. that is carrying through as well. when it comes to how to move your currency. we saw the dollar move quite aggressively. one of the biggest intraday moves on the euro since 2000. we had that big move higher in the dollar. retracing its steps. 76 point 93. glenn stevens from the reserve bank of australia saying there is a debate in the margins over how much we cut our interest rates by. when he was asked to name his chosen level and december: stevens referred to $.75 against the united states being his preferred measure. when he was asked, can you give a level on the aussie dollar you are going to be happy with, he declined to comment. traders are betting a 50/50 probability of an april cut on the dollar do

again, we have jpmorgan saying that rates will rise in june.his morning, goldman sachs and morgan stanley said they are more likely to hold off. the chief economist at glusken said that the fed will remain patient and wait until next year. the dollar is down by an eighth. but this is one of the biggest one-day gains for the australian dollar. the central bank left rates unchanged. what you have here is again the rba jawboning but having no impact. we need a lower dollar. the most accurate forecasters said that the rba will get to 1.5% by the third quarter. inflation will remain subdued. there is a real debate about whether you get to 1.5% or 1.75%. i want to bring you dollar-yuan. the one -- the yeauan is add two-year highs. right now it is on the cusp of 2%. the view from the market is that there is a reserve requirement cut coming and the central bank could allow the bandwidth and tolerance of the yuan to move up to 3%. anna: thanks, manus. the funeral for russian opposition politician boris caps off -- boris nemtsov will be held today. thous

laughter] but she said half corrupt and half a square but there is that the then head of comcast or jpmorgan benefit more from young people not using their power to run for office to stay out of the electoral community. those kids in hong kong would do anything to have that right to be on the ballot and the fact that successfully through the ideology it is not the thing to do is see incredible boon for those corporations a and the incredible loss. so i say absolutely. cpac i botched politics by q watching the kardashian is. because as you cannot find anything funny years and lindsey graham. that we can watch these things if we simply look for the fund a. and it is politics so there is plenty. but the most important device is just go find the thing that is wrong and fix it. whatever capacity you have, would never join a find something you cannot live with it the like this and fix its her cohosh --. >> this is a stereotype that women are likely to think they have to be the very best person for the job before they choose to use the get out where the men are likely to think i want to do said job