buyers from macao, the united states and thailand came here to see the range of the marine products they purchased from japan. they are particularly interested to see how the products are processed. they are visiting a factory that produces a traditional seasoning. the process of making the seasoning involves carefully removing the fish bones by hand. the filets are then smoked over firewood for about three weeks. then, the filets have been completely dried. before the manufacturing process can be completed, they are fermented for three months to give it more flavor. shaved into flakes, it can be used as a essential seasoning in japanese soup stock. the production process is handed down from days of old. >> yeah, it's time consuming. it's hard work. it's not modernized. this factory looked like it can be 100 years old doing the same thing. yeah. >> reporter: wholesale buyers have begun meetings with japanese companies. they are looking for products to meet their specific needs. mike is an american buyer. he wants to import japanese seafood that can be considered kosher, meaning it meets

we know about macao, but what about vegas?rd it in las vegas sands numbers and the nevada gaming commission came out with new numbers. vegas seemed to be rebounding but from a gaming revenue standpoint it isn't. and even for las vegas sands, their other spending wasn't doing well. here in wynn you are seeing revenue per room showing some improvement there. so what will be interesting out of that is to see what mgm has to say because they are the biggest player on the strip and they're coming out later this month. >> that's for sure. jane wells, thank you very much. for now caping an eye on results for us. stoord standard & poor's paying out. >> federal officials here in washington announce that settle settlement settlement. $1.37 billion. federal officials saying in the run up to the financial crisis standard & poor's was simple riven with conflicts of interest. here is attorney general eric holder. >> the s&p claimed its ratings were independent, objective, and not influenced by the company's relationship with the issuers who

it is unusual because macao usually does well in the days -- hence, our sheep reference.have you with us. >> why is this your weaker than before? -- >> that's a large part. what we've been hearing in the last 24 48 hours is v.i.p. has been even softer than that. beyond that i think the last week we've seen some up and down days. going into chinese new year we saw some very weak days on the casino floor. otherwise. i think in the days after we saw a significant pick-up in business even in the early days of this week we've actually continued to see pretty strong oem's. >> do you think we've seen the worst when it comes to declines on macao. >> forced choose right now, would you choose the gaining stocks that are more levered to the u.s. versus those more levered to macao, and which one? sfwroo our number one pick would be an mgm. certainly given much heavier exposure. >> you like the reet. >> absolutely. i do like the reet. i think the view on the reet is different in the sense that you think the opportunity is more on the regional assets within mgm's property there as well

remember interview which was spectacular, talked about junkets, macao, how the communist party chosen last thing you want the communist party to -- >> that's a concern. >> throwback. wearing throwback jerseys there? >> corruption. a lawless country. >> well -- >> trying to change that. >> they are. a lot of what we're seeing not to be -- the communists have decided to crack down on what i regard as being flash. you know people saying look we're going to go after the rich people, to some degree and cutting back smoking at the casinos in macao. smoking has been a hand in glove with gambling. >> all right. let's move from that to this. rick santelli at the cme group in chicago. good morning, david. write down these numbers, viewers. 1.65, 2.17 2.75 where last year's close were in 5s, 10s, 30s. year to date of 5s you can see, 1.61 unchanged. year-to-date on tens gotten up to 2.16. close to the 2.17. if you consider the notion that on the 30th of january, these ten-year rates close to 50 basis points lower, as were 30-year rates on the 30th, 2.22 now at basically 2.71. has been a big move.

i think really what you're seeing in macao a correction in the marketplace on strong growth that has taken place over last few years. what we have to be mindful of, there is a market where there is over $40 billion of revenues shared among six concession heirs. there is tremendous opportunity in macau. that is not without its challenges and we're happy to be there around think the long term is a lot more upside for macau going forward. liz: maybe the smoking ban, maybe they will absorb that and deal with it and live a bit longer to roll the dice a bit longer. stalk right off the bat about las vegas. that is the shining point of the looks like people are going back to vague bass. give us anecdotal evidence. what have you seen with all your properties there? >> you look at last year here in las vegas we reached an all-time record in terms of visitation. the mix of that visitation continues to improve. we're upwards around 41 million visitors here in las vegas right now and growing. with 42,000 rooms, as a company are extremely leveraged to an improving economy here in las vegas. that i

. >> when you look at a revenue basis, it looks like it's less dependent on macao than the other names 21.30 cent range to be viable. i think you could dabble in the stocks, the casino names. >> rig dropped. >> the delayed announcement from the february 17th announcement when basically the ceo resigned and had the dividend cut. it should have happened that monday. it didn't. it's getting towards levels that are interesting. i do think it's a 14 handle at some point. >>> you may have heard our traders talk about beta from time to time on this show. it's a term that comes up a lot in the trading world. we thought we would do a quick trade school. beta a measure of a stock's volatility compared to a benchmark index. for example, if you assign the s&p 500 for a beta of 1 for a time frame, you can determine how a stock responds. a 1 means it would be more volatile and perhaps more risky. beta less than 1 means it will would be less volatile. we calculated the highest beta names in the s&p 500, and the results are pretty surprising. let's start off with the highest beta stock in the index. t