shares of merck dropped more than 2.5%. shares have been trading in a tight range between $38 and almost $40 per share before today's drop. this is merck's lowest close of the year. we have more analysis of merck on our web site, nbr.com, under the "blogs" tab. as we await friday's report on jobs, employment services web site monster worldwide continued to see heavy trading with shares jumping more than 10.5%. the market continues to speculate about a possible sale. the company has confirmed it has hired financial advisors to review strategic alternatives. that can be wall street-speak for "we're for sale." the prospects of a deal for part of independent energy producer harvest natural resources was enough to push this small-cap energy stock higher. shares jumped 23% as volume exploded. the company said it is in exclusive talks to possibly sell its venezuelan assets. despite rising energy prices, share of h-n-r trade at half the price they were a year ago, even with today's rally. speaking of energy, oil was not immune to t

mercked it acted responsibly and admitted no wrongdoing in the settlements. critics say it's not surprised that a drug as risky as vioxx was approved for sale. >> having seen what the process is like, there are drugs where i look at it and say, i can't believe they approved this. >> dr. david ross was a top drug safety reviewer for the food and drug administration. he left the agency after ten years frustrated that it had approved drugs he says put patients at risk. ross says the fda's drug safety testing is not what you might think. >> i think the average person imagines the fda has a place where all these scientists are working, you know, sometimes around the clock testing drugs to make sure they're safe. is that the way it works? >> no. there are a large number of scientists that work around the clock, but they're not themselves testing the drugs. >> so who is responsible for getting the drugs tested for safety? it's actually the pharmaceutical companies themselves, and the fda often doesn't see the results of those tests until drug companies up want appro

it's based on merck's own study to see if vioxx could shrink colon polyps.keep the original drug maker's number for vioxx. review boards are supposed to make sure doctors supervised are qualified. to see how careful they are, we use the same fictitious doctor and same fake medical license and office address that the gao used for its investigation. then we mail our proposed study to three commercial review board that is work for big drug companies. two of them, sterling irb and western irb, spot the red flags. they recognize our dangerous product and figure out that our study doctor is fake. sterling rejects our plan citing serious safety concerns. western does, too. they're so alarmed they alert the fda. but carl elliott says a couple of rejections doesn't necessarily mean the safety net is working perfectly. >> now, the dangerous thing about is that if one for-profit irb says that a trial is unethical or it's too risky, you just take it somewhere else. >> you can shop it around? >> you can shop it around until you get the answer you want. >> in fact, our ap

merck and j&j fell. the dow rallied 78 points. you can see it in the rails too. you know how important i think the transports are, but particularly the rails. i look at the rails to get a read on the whole economy, how it's doing. what are they saying? the economy looks great, if you check out union pacific. the economy looks horrible. norfolk southern, lost a percent. anything today more than signifying nothing. so some stocks did trade today together. the housing group had a huge move, in part because of rumors that the federal reserve may take still one more action to lower interest rates in order to ensure the economy gets going again. now that's no doubt motivated somewhat by the desire to prevent the market being derailed by ever higher gasoline prices, but i was just a rumor. the banks were similarly able to mount a rally based on the rumor along with the possibility we'll get a deal in greece. a deal that was very much in doubt yesterday. but today is not in doubt and tomorrow will be in doubt again. i don't know. it's mars, the big day. i like much more

all the defensive names, walmart, coke, procter & gamble, merck, moving to the upside.ria, back to you. >> thank you very much, bob. while that is going on, vix futures are modestly moving lower, as we mentioned, the market is near a tipping point and new developments could cause sudden shifts in sentiment as we go forward. so, what will make or break this market and what does it mean for your portfolio right now? >> joining us now, george ball, chairman and co-ceo of the edelman group and dan mcmahon from raymond james. good to see you. dan, kick this off with you, what do you see in terms of sentiment, risk adversity from clients? >> seen clients put on more, grow an appetite for risk and put the risk trade back on probably since mid-january and seeing a bit of a rotation out of pharma, underperformeded the s & p, utilities, very strong last year, down 2 1/2, 3% a year, a greater appetite for risk, hearing talk about inflation again, leading people to want to buy equities and more a greater conviction that european greece crisis is on the sidelines for now and you foc

and so i think that merck is -- let's say not alone. a lot of the drug companies have tremendous exposure. >> so estimates will come down across the board? >> i think they have to. they have to because the doll similar too strong and if you're a packaged goods company a. tremendous amount of gasoline spent, just getting your stuff to the stores. >> right. >> as we see, of course, the german dax down and ftse down. we have yet to have a triple digit decline in the dow this year. >> yeah. >> i know melissa probably knows the number from last year. >> i don't. you give me too much credit. >> it's early march. we have had so little volatility. that would be a real positive for this market and positive for something for m and a. >> don't forget, this was the beginning of the big down 7% correction that started in february last year. accelerated right about now. i'm not trying to be like an uber bear here. i'm just saying that i'm upset about oil not coming in at any real level and merck is a company that people have looked to during this per

i think it is also appropriate to announce that govern merck -- governor edwin brown announced that hed ab 199, school curriculum, social sciences, filipinos in world war ii. i think that all of these events show that the filipino- americans are really coming out of the woodwork and showing themselves as a group that needs to be recognized. as we, this evening, a well recognized quite a number of them. we welcome you tonight. may i also ask you to welcome the honorable mayor edwin lee. [applause] >> well, welcome. welcome to city hall, everyone. it is my pleasure to welcome all of you here to the seventh annual philippine-american celebration heritage month. counsel general, thank you. mayer brown, thank you very much. i know you are out there somewhere. board president, thank you for being here as well. i am is so happy, because we have a lot of things to celebrate. and i want to first and foremost thank one of the people that i have had a chance to work with, and i think she is a proud member of the filipino-american community here in san francisco, and that has been my chief adviser

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they did last year, you look at companies like merck big pairs, leadership groups going into the last six weeks or so r, they mod to the side. today, the biggest percentage loser of the major averages today. seema mody is at the nasdaq with that angle. >> after solid gains last week, tech stocks getting hit following the broader market selloff we saw today. ongoing concerns about a slow down in china's growth. apple, of course, also weighing on the nasdaq, as we have seen before, when apple goes down, many of the component supplies also traded in negative territory. did see a selloff in chips, the semiconductor industry association announcing that global chip sales fell by 2.7% in january compared to the previous month. most of this is seasonal, a pickup in demand is what analysts are expecting for the month of february. the semiconductor index did fall one more to another pot hot spot were the tech new business, recently listed tech ipos, moving sharply to the upside and downside. pandora outperforming in trade, stifle nick, what the analyst saying pandora should benefit from the inc

the video was taken by a neighbor it shows merck rheumies -- mirkarimis wife crying and pointing to a bruise on her arm. >>> time now 4:36. a former eldorado sheriff is under arrest accused of stealing money from funds of four oakland police officers that were killed in the line of duty. he is accused of taking more than $20,000. he's facing 44 felony counts including grand theft and perjury. some of the money taken was intended for the families of mark duncan, daniel. the four oakland officers were shot and killed by a parolee back in 2009. investigators say the families never received any donations from adkins or the deputies association. >>> there is not good news for people planning to fly. coming up in 11 minutes the new prediction from the faa where ticket prices are expected to go. >>> little less than an hour the labor department will release its jobs report. analyst expected to say the economy created 210,000 jobs last month. that would make it the third month in a row the labor increased for the third month in a row. >>> it's 4:37. i want to check in with sal. early look at

it is government socialized health care they don't go merck and invasion that saves lives . having everyone covered is not such a wonderful thing if there is no health care to deliver. that will be the end result with obama care. >> and one of the reasons it has changed, it is the penalties that are put on individuals and businesses. that is another can of worms. >> it does really matter. >> we have a country that is elected responsible people to represent us. and they haven't had a budget sce 2009. these are people who are supposed to look out for our best interest. if i ran a business like that i would be broke. they had to bail out general motors and it is crazy. >> wayne, you have begin me the perfect and segway to the next segment. already. because coming up. you wouldn't get paid if you didn't do your job, so why should lawmakers? and now a no play plan congress if they don't pass the budget. this is not fair? any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having yo

verizon and indeed, merck done higher today.lcoa, a lot of the basic material stocks not doing as well as a result of what we got out of beijing overnight, maria. >> thank you h the lowes corporation has its hands in a number offer properties from insurance to natural gas as well as high-end hotels. the stock off a few percentage points this year and joining me now, cnbc exclusive is jonathan tisch, co-chairman of the board for the loews corporation. how would you characterize things in the economy? >> the things in the open you talked about, we worry about. higher fuel cost is that going to dampen the consumer, have impact on business? we look at the five different subsidiaries, we are doing well and cautiously optimistic. >> you are seeing a bit of a comeback for the economy, right? seeing the data points that show -- >> very much so employment numbers a touch better. housing is still difficult but in our businesses, we are pleased. we are doing well in insurance. we are doing well in the energy sector. hotels are starting to

merck funed the study appearing in this week's british journal. >>> a proposed property tax cut most liningly paid with the slots revenue has been approved by a council committee calling for homeowners tax credit program but the mayor says it would be paid for with the money generated by the slots. mayor stef twriy holings breaks says the reduction -- stephanie rolling-blake says the re-- you can vote by the way until march 29th which is today. go ahead. >>> >> that's it. >> yes. >>> the brother of the republican presidential candidate rick santorum holding a campaign rally today. dan santorum is going to be discussing president obama's health care reform law and the effect on small business. the rally is this morning at mccupen apple products in frederick set for 10. >>> and when the gop presidential hopefuls attend a campaign rally at the university of maryland college park this is video he of a crowd around 15 -- video of a crowd at richey coliseum to see ron paul speak. supporters chanted president paul before he spoke and paul is in the last place in the delegates and 4 remainin

. >> potential jurors in the merck merck case are now filling out questionnaires.tic, who do any anybody including the sheriff an his wife. eric marr served alongside -- alongside mirkarimi before he was elected. >>> coming up, another pg core ruling -- big court ruling involving tobacco. ♪ ♪ twinkle toes i think i found a soul ♪ ♪ to make me happily ever after ♪ ♪ i say i love you and i'll say it more ♪ ♪ my one and only ♪ oh i can't lose ♪ so don't stop doing what you do ♪ ♪ have i paid my dues just to be with you ♪ ♪ don't stop doing what you do ♪ ♪ hit the road, jack ♪ and don't you come back no more ♪ ♪ no more, no more, no more ♪ hit the road, jack ♪ and don't you come back no more ♪ [ male announcer ] want your weeds to hit the road? hit 'em with roundup extended control. one application kills weeds and puts down a barrier to stop new ones for up to four months. roundup extended control spray once. stop weeds for months. roundup extended control yes. yes. noooo! [ male announcer ] yep, subway broke the 200-calorie breakfast barrier. with delicious fresh fit

. >>> and the sheriff in the ross merck merck -- in the ross mirkarimi case, the trial enters anotherhat's happening today. yes. yes. yes. noooo! [ male announcer ] yep, subway broke the 200-calorie breakfast barrier. with delicious fresh fit mornin' melt breakfast sandwiches. subway. eat fresh. >>> good morning. welcome back to "mornings on 2." i'm tori campbell. >> good morning. i'm dave clark. >>> it is monday, march 5th. >>> new this morning, the usgs is now reporting there were two small aftershocks after that 4.0 magnitude quake we had this morning on the hayward fault in el cerrito. allie rasmus is live right near the epicenter. so, allie what, are people -- so allie, what are people saying? >> reporter: this earthquake was in el cerrito at the mira vista country club where we are right now. the quake hit about five and a half miles below the ground we're standing on. how do they know that? well, the country has a usgs sensor located right on their property. the country club sits on the fault. the superintendent of the golf course took us -- it doesn't look like much but you ca

. >>> merck merck -- new developments in the case of san francisco's sheriff. ♪ oh i can't lose ♪ so doing what you do ♪ ♪ have i paid my dues just to be with you ♪ ♪ don't stop doing what you do ♪ yes. yes. noooo! [ male announcer ] yep, subway broke the 200-calorie breakfast barrier. with delicious fresh fit mornin' melt breakfast sandwiches. subway. eat fresh. >>> happening rate now, some residents of hayward have had no elick tristy all night. this is after two cars crashed into a utility pole at kelly street and bayview avenue. claudine wong is there right now. you are saying they may get the power back any minute, right? >> reporter: that's right. most of the people in this hayward neighborhood expected to get power on any minute now. 8:00 was the last time we were given from pg&e to get most of the power restored. you can see this section of kelly street near bayview, still blocked off. a lot of heavy machinery in this street as they try to fix the problems out here. you can see the crew working to dig out a hole for the new power pole. that's where an accident happened late l

the dividends that you talk about, merck, pfizer, jnj, these are yielding from 3% to 5%.ots of opportunities for income out there. >> let me ask you something. when you have the $10 trillion, that sounds like a lot of cash that could be deployed, do you see that cash going into the base that continues to pay a very high dividend relative to other areas and creating a floor there even if valuations seem stretched? because i think it's a new world, people are looking for income. it's only stretched if you evaluate them in the past. people are getting zero and they still represent value. just think, if 10% of that money starts to come out and people have a little more confidence, that's a trillion going into the markets. it's not only in equities, but it's also in high yield securities. there funs that are again around 6.5%. 40% is going into the i shares funds. again around 6.5%. that can make a big difference in the quality of someone's life and their income. >> you mentioned apple at black rock. are there funds able to buy because it initiated the dividend? >> the answer

this prompted angle and merck to come out. and while sarcosi welcomes the support, he insists that the election is a decision for the virurically alone. a poll gave him a lead over the rival for the first time this week. but the opinion survey still showed him losing during a second round of voting. sarcosi has talked tough on trade and promising new immigration controls. he's also trumping his claims to save france from falling victim to the euro zone. >> translator: ask those french people to think about what's happening today to the italian retirees, to imagine how they feel, the spanish unemployed who have so little chance to find work because the level of unemployment is three times higher than in france. >> so, with sarcosian vying for the top spot, is it too early to call this a two-horse race? on the far right, keen to shake off the national france image as a single issue party. she wants france out of the euro. meanwhile, central leader of the democratic movement, a staunch euro far, has said he's going to wipe out th

the drugs, pfizer, merck, they're up. tech stayed soggy. tech needs apple to go higher because no one wants to venture outside of the tech ring without the apple umbrella which is supposed to last until the big ipad three later this week. the banks, they drifted. but i think both tech and banks are going to catch bids later in this week -- catching a bid, that's authentic wall street gibberish for a buyer is going to come in and start picking at these stocks. i took out a real cheap scotch, listened to the times they are a changing and perused the charts one by one. i tweeted my findings all weekend @jimcramer. multiple technicians said that at last, cramer was becoming a chart believer. most were still in diapers or in the womb or nonexistent when i started. now, if only i could get zynga to develop a game "charts with friends" so i could communicate with my kids while perusing those nasty coal and transport pictographs. now, the question is what's the entry point? so far, 2012 has not afforded us easy opportunities to get in. i've describ

first, i'm old enough 0 to remember when coca-cola and merck became the biggest companies on earth andeople would gasp. sugar water? some company with an anticholesterol drug when we weren't sure why cholesterol was a problem. how can gm and ford not be the biggest? we see now the market has tremendous wisdom. i think it does again, because apple's not just a tech company, it's an education company and creates wonders in the world on a regular basis. apple is an innovation driven growth company unlike so many of the other one-time leaders. you want to go way back in the way back machine, at one point, it was said the combined enterprise had surpassed u.s. steel, back then that was a big deal. these days u.s. steel is a $4 billion company versus apple's $545 billion. how about the last time the dow was hanging out at these levels. at the time we had two leaders of relatively dubious note. chevron's total collapse in oil, almost $100. and alcoa, holy cow, alcoa $40 then. that was just when china decided to flood the world with aluminum the most commodity or commented product out there. a

or merck, 4.4% yield.hese are companies that have a history of continuously increasing their dividends, and if and when we get into an inflationary environment, they'll be able to price their products and increase their dividends. >> where are you on the financials, which as we just pointed out have had a notably rough day? >> we actually think the u.s. economy is pretty well positioned. not exciting, 2% growth in 2012. but as long as the economy and the u.s. avoids a recession, financials ought to do well. >> thank you very much. i'll find my friend, mary thompson. how are you? >> hi, tyler. >> they called it super tuesday. but it wasn't super tuesday. >> it is not the super tuesday. what's this, the third anniversary of theists day bear market low? again, revisiting low levels today. although as bob pisani was pointing out earlier today, we've really seen this slow and steady climb in the market since last october with very few blips. which is what we're seeing today. some might call it more than a blip.

lopez average madison's house and throw some pretty charged some serious allegations but against both merck the sheriff and his wife. she claims that guiliani. of and ross pressured him to destroy evidence and lied to police he's also said that guiliani. repeatedly called him to many-to destroy that video and will continue to refuse to claim that guiliani. attorneys tried to target the ivory madison's character in addition to that's a dramatic letter was sent ivory demanding that she not testify in a result of all this the san francisco district attorney george s. downpours ross mercury me to publicly apologize to the ivory madison now in that piece. ross and his various spokespeople he pleaded only because he won three nights in apparent effort to solicit money he claims they mostly pleaded guilty because he couldn't afford the legal bills since he is solely responsible for supporting guiliani. lopez as the decision of whether or not ross for renewal stay in office the mayor's office says he is planning to make an announcement today regarding his stay in office now if he decides to charge

procter & gamble, johnson & johnson, coke and merck were weak throughout the day. i don't think the market was rrout that, because after all, we're looking for the growth names to be moving up. as long as tech keeps doing it, i think the market will be fine. how about the leadership groups. it's very narrow. we've got retailers doing great. just a great february in terms of retail excellent with the warm weather. that's helping. gas, buckle, macy's, tjx, ross stores, outstanding numbers across the board. technology stocks, are you tired of apple and microsoft every day? we need a little broader leadership outside of these retail and tech stocks. got to get new names in there in terms of the newghlists. what else was going on here today. i want to show you the pricing that we're going to have tonight for yelp. this has a lot of people interested, because we're expecting 7.2 million shares at 12 to 14. you see that price? it's going to be higher at the open. i hear the deal has already closed and it's oversubscribed. we'll give you more information in just a few minu

. >>> as you can see, the weak spots, merck, among others, disney. we'll be back next. >>> oil bouncing back today on the back of those strong adp numbers, and also hopes for a greek swap deal. we had wti closing out above $106 a barrel today. in part, also because we had a little bit better than expected inventory numbers. a rise up less than 900,000 barrels. that was well below the expectation. what's interesting is we have a worse than expected number in terms of a drawdown of gasoline. it was a smaller drawdown than expected. one of the things folks are watching that here on the east coast, which is what the futures are pegged to, east coast reformulated gasoline prices remain high. as far as the other rocket fuel, coffee futures, down to new low for the second straight day. a lot of concern we're going to see a record crop coming out of brazil. but i don't think your latte over on the floor is going to get any cheaper anytime soon. >> how did you know i just had a latte, bertha. >> because i know when i'm there, i always get one in the afternoon

names leading us have been the walmarts of the world, the cokes of the world, procter & gamble, pes merck, for example. throughout the day it's the defensive names. look at sectors here that matter. the big risk on names. that's not happening either. they went down throughout the day. they were lower earlier in the day. when you get this leadership, it's hard for the market to show a lot of energy. finally speaking of energy i want to show you what the energy names are doing. this is china's trade deficit higher than examine examined or wider than expected i should say. when you see that, you get big, big energy names moving to the downside and concerns about slower global growth. part of our gold special tonight, we asked you earlier to try to guess the total weight -- i can barely pick it up -- of this 400-ounce gold bar here. 1:30 was the closing of trading. wee asked you to guess that. i'll reveal the win at 2:45 p.m. eastern time. this is part of the gold special airing tonight. >> is the prize that bar gold, bob? >> not quite. something out of the closet from cnbc. it will be someth

meanwhile shares of merck were off 2% after an earnings warning. prices moved lower for the the first time in 27 days. they are off a penny to $3.76 a gallon. that's it from cnbc. now back to "hardball." >>> i need an emphatic yes from you that you will repeal obama care. >> why would i not? all right. >> we were asked is what you have done in massachusetts something you would have the entire government do? i said no from the very beginning. no. this is designed for our state and our circumstances. >> that's what he said yesterday. welcome back to "hardball." that was mitt romney yesterday saying he would not use the massachusetts plan he created for the nation. there's a problem. he said he would in the past. let's watch him do it. >> how do you ensure the 45 or 50 million americans who are not on the books? >> that's what we did in massachusetts. we put together an exchange and the president's copying that idea. i'm glad to hear that. >> we have a model that worked. one state in america, my state, was able to put in place a plan that got everybod

he says that from 2007 to '09, these maneuvers helped lower pfizer's average tax rate to 17%, merck to5%, and ge just 3.6%. >> you know, what's really remarkable as i review the data is the consistency with which you see this phenomenon. the taxes are going down. the profits are shifting offshore at an accelerated rate over the last few years. >> so now these companies have profits accumulating overseas in places like zug. oh, look at your clock tower. if they bring the money home, it's taxed at the full 35%. if they leave it overseas, the irs can't touch it. in other words, the tax law all but forces companies to keep their money out of the country indefinitely. >> we leave the money over there. i create jobs overseas. i acquire companies overseas. i build plants overseas. and i badly want to bring that money back. >> how much does your company have overseas that could be brought back here? >> almost $40 billion. $40 billion. >> cisco has $40 billion trapped over there somewhere? >> yes. >> the total amount of money u.s. companies have trapped overseas is $1.2 trillion. chambers is ad

and merck, looking very toppy. and has been for a number of days now. there it is, sitting at the lows for the day. >> bob, thank you very much. stocks steadying now as mixed economic news keeps the market in a holding pattern. is the u.s. economy self-sustaining at this point or not? and if so, shus investors be putting new money to work into risk assets? >> chris is chief investment officer at u.s. trust, and liz is chief investment strategist with charles schwab. thank you so much for joining us. your clientele large end, what are you seeing? >> they've been risk averse to this whole process. in 2008 and early 2009, they're willing to look for yield here and there, picking your spots across the whole capital structure. in terms of putting new money to work right now with the run we've made in the last few months, no. >> reading between the lines yesterday, it seemed the fed was suggesting no qe-3 in the offing anytime soon, and maybe the ltro in europe was the last one in europe for the foreseeable future. what does that do for equities? >> i'm not s

walmart, coca-cola, procter & gamb gamble, merck, big advancers today, the stocks would you hope vansbal growth issues really didn't do much today and haven't done much at all for the month of march. take a look where we have been for the month of march. basically been utilities, for example, other sectors like telecom, consumer staples, when you see that kind of market leadership, you flow is a little bit of a turn. that's because earlier in the year we saw the risk on stocks, material names, industrial names all moving to the upside, materials, energy and industrials all down so far in the month of march. there has been a turn in the leadership, maria and concerns over the global growth. how much growth is there in china, how much of a recession we are going to have in europe. >> the banks rolling over a built. >> best in the year. >> thank you, bob. urban outfilters among the stocks making pretty good moves in the afterhours trading session, heavy volume as well. brian shactman rounding out the after hours action. urban outfitters reported earnings, right, a miss? >> a miss, maria.

merck, that was a shocker and cypress semi, were they outliers? no, after the close, both texas instruments and altera joined cypress, really disappointing. it would be hard to recover more than what we lost on tuesday and we won't get back to even especially if the employment numbers disappoint and we catch negative earnings announcements and maybe they can say the market rallied today because they hope to get it tomorrow. it is amazing how when we get bad news the glaring thrusts are met with parities. it does not get to that set, 3% to 7% that i was worried about. bottom line, these days governments are responsive to the needs of the stock market. policymakers worldwide are embracing the malcolm x mantra and will combat recessions by any means necessary. and beginning three years ago today. yeah, the birthday of this fabulous bull market that hasn't finished running its course and i'm still taking profits from my charitable trust. with bernanke leading the charge and domestic housing plays as ways to play the by any means necessary strategy. st

done nothing over that period, including many of the packaged goods plays and the drug names procter, merckothers have declined substantially, down by 50% and 24% respectively. i think the stocks have been clobbered deserve to be clobbered. bank of america, i'm calling it a shell of its former self, crushed by the worst acquisition of all time, the countrywide deal. alcoa suffered from a glut in aluminum including a surfeit of the stuff in china. hewlett-packard's made so many mistakes in the interim i can't even count them. there are plenty of stocks that, well, say the vast majority. the vast majority of stocks in the dow seem wrong to me, meaning they're too cheap now, not too expensive, too cheap versus they were back where they were in 2008. intel and microsoft have been treading water. does anyone believe they aren't substantially better off than they were then? they have better products, more cash, more high yields. good dividends. same with the drug stocks. their prospects four years ago reflected many drugs coming off patent. these companies have dealt with patent cliffs by develop

some of his classmates there, american express, merck, a lot of highly accomplished man from that generation. but i think there is also a lot of disappointments. and a lot of disappointment at what has happened with the black middle class in this country. what has happened with education and the erosion of opportunity. frankly, i think what also happened in terms of some of the decisions, some of which had been made by justice thomas in terms of, you know, opportunities, affirmative action in such. and a sense that the next wave for this generation is going to be financial. it's going to be encouraging entrepreneurship. inspired the same generation of leaders that came out. and i think imposing, one thing i want to say is another thanks to the holy cross to unity because one thing that this reporting process has reinforced to me is the strong paternity and that power that this school has had. one of the highest levels of giving, which is amazing, especially for people. we just don't give. the government will do it. holy cross, when i looked -- when i look at the networks that have been forme

all the speculation on the merck.nd of course, he could also say that he will release the strategic petroleum reserves should this become a problem. with the iran situation right now, that's what's driving the cost. the thing that i look, the thing that's promising for the president politically is that should the iran situation not pan out, there will have been excess purchases of oil and gas futures on the market that will now be forced to be sold, probably sometime around august, that would-- >> christopher. >> the gas and oil down come november. >> you've given very strong dialog, my dear. but the question was, is it obama's policy or something that was put into place. and we both know that it was pay before obama went into office where you have private investors, and we also drilled on state land. also, dealing with the leasing of these lands, look at north dakota where they're drilling there, and their unemployment rate is 3%. and jamie, this is going to be a political issue, whenever you have a rise in gas price

merck will have a serious warning in sentiment and a space pods and are in the areas of abortion of the santa clara valley. live have you can into the afternoon boasted the true conservative, here we will see a lot of sunshine and even some '70s for some of the north because they o'clock. as we look ahead, we'll have the potential for some rainfall for not only this week and doesn't into the new corporate debt load. we have more on that your extended forecast and carried her today is the story of your temperatures here live her the bridge want as we take it over to the golden gate bridge, barely any cars on the stand for itself coming out of the growth rate. food and taking it over to the traffic map, the east may look good. with a count of war is a clear shot into the tunnel and the macarthur made sporadic as the ticket to the sound of that room in the case, to over 50 mi. an hour with not single accident report. >>justine: up the city of zero visiting, get some money from and protests that dan. leaving unused and now: juror break wind and claim these records the with you how benevolen

you took a drug for cholesterol, you bought merck. you saw cell phones break out all over, you bought stock in your cell phone provider when there were many independents. that's the way it worked. you made a lot of money. i think it's happening again. let me tell you just today what i saw and how i can tell that the same exact process is going on right now, just starting. you can tell because there are stocks that are acting too well after big runs. the reason? there are real people buying them, individuals. and why are they buying them? because they like the product. because they like the experience. i went to a panera the other day, not my usual panera in short hills, one up in connecticut. what do i hear when i'm trying to find a table to sit in, because there aren't any? how about "hey mad money guy, i guess i ought to be buying stock in this place." i hit my lululemon saturday. i saw the stuff flying out the door. i saw a guy saying thank you, thanked me for turning him on to lulu's stock. i can't even find a place to stand up at

rival merck better than 1%. as we approach the final stretch, more of the big movers in a moment. also the dividend movers also in focus today. american express raising the dividends. stocks may be higher today but there are some signs that retail investors are taking their cash out of equities and once again moving into safer areas. equity mutual funds will likely see net flow outflows of $4.8 billion and we know that etfs are benefiting from the move out of mutual fund. last time we saw significant inflows in the first quarter of 2011. taking market share from mutual fund. and in fact in the last five years, they have only been three quarters of significant outflows into mutual funds. what is triggering outflows and when will the public jump back into mutual funds if at all? also with us is excelly evans telling us more about qe3 and whether it's on the way and bertha coombs, let's check this out on retail investors. we know they are putting it into etfs. what else are they doing? are they afraid of stocks or not enamored with stocks any more. >> we know where it is going, into

merck, pfizer, all of these names. go through the list. they're doing very well. add the idea, here's a potential catalyst of splitting off to get valuation, makes sense why pfizer is doing so well. >> steve weiss? >> i think their assets continue to sell or spin off. i don't see them breaking up the business or the regular drug business from generics. drug companies have gotten hit from including them, lily, you name it, is from patents coming off. if they can get in the generic market before the generics get there at lower prices, they keep out of the market, they preserve profitability. >> okay. patty edwards on pfizer, goldman maintains their conviction buy. do you have it at such? >> i'm not in pfizer. it is a lot cheaper than the one i am using, though, that's bristol-myers. i like the health care area. i have not chosen to tgo into pfizer. >> cortes, you're conservative, where your outlook is where stocks can go. what about health care stocks? doing well today. >> absolutely. i love health care. pete, you'll be glad to hear i completely agree with you. i do