from an acquisition, from where they came from, whether legacy, west coast bank of america or merrill lynch or whatever to a company sat only about organic growth, a simple, more narrow company where every day we get up and say we have customers and clients and how do we do a better i don't know in is. >> is that wholly different? >> no. >> but it takes away a lot of stuff that was going on an replaced with it with stuff that is really good. >> and the core value you have is what? >> the core value we provide our clients is to help them live their financial lives better is our purpose, by connecting together all of these things, it has taken 2:30 years to put together and we have been in business our earliest predecessor to 1784 so we have accumulated all of this to make lives better for em, whether a person starting their first job to you, as after friewnt customer to a small business own tore a big business owner to a hedge fund manager or trader, our job so to help them live their lives and by connecting together all the pieces that is what makes us unique not that we have all of these p

i mean, if you and i went to visit, you know, a merrill lynch office or branch or even a a corporate business banking officer or corporate banking officer, to see what they think he can do and they can do for the clients is terrific. a and all we have to do is keep the things out of the way for as long as possible. >> rose: arnold buffett told me this story i am name dropping and asked you about it and said i could tell this story, he said to me that -- what is his positionn thba now? >> h had a $5 billion preferred investment, which in about warren to acquire 700 million share,. >> as he tells the story, he was at home in the bathtub and thought about it and he thought he knew something about banks and balance sheets and always been pass nateed by bank of america, and was thinking about the bank and decided that what confidence would do for the bank at that time was confidence that the bank deserved. >> right. >> so he decides to place a call to you and didn't reach you right away. >> yes. >> .. and he told yo -- and so the then he didn't reach you right away and he reaches you and

if you are merrill lynch, you send your order flows -- liz: why would i go through barclays versus the new york stock exchange? >> well, it depends on who you are. if you are you, you are going to the new york stock exchange, and you're getting whatever price they print. but if you're a big institution investor, you don't want anybody to know you're trading. so guess what? you send it to credit suisse and guess what? who knows what price they are charging. maybe it is better than what we're getting because not everybody -- it's not sent to one place. this is the problem with the competitiveness of this market. yes, there is a competitive market. there is exchanges -- dark pools are on exchange, they are competing against -- with the new york stock exchange and the nasdaq. the problem is, they are not regulated the same. the new york stock exchange and nasdaq publish prices. where is the goldman sachs dark pool price for apple? where's the credit suisse? they are the number one. we don't know. and that, you know -- let's face it, that means there's lack of transparency in the markets. i

here's a view from ethan harris at bank of america merrill lynch global research. >> certainly improvementsn the job market very important to confidence in the economy. and spending. and we think that the recent improvement in the stock market is likely to continue over the course of this year. the median term outlook for the u.s. economy is quite good and we certainly expect steady growth over the next couple years. we are going to have kind of a rough patch in the second quarter. we had significant tax increases in the united states. we've also had the spending cuts, many of which will kick in in april. and these will impact employment reports. we wouldn't be surprised if in the april, may, and june reports we get very soft numbers instead of the 200,000 gains we've experienced in recent months. we wouldn't be surprised to see numbers of below 100,000 as government agencies pull back on their contractors. >>> japanese leaders want their u.s. counterparts to understand how they're trying to grow their economy. finance minister taro aso called the new u.s. treasury secretary jack lew to say

economist at bank of america merrill lynch global research.o see you. >> nice to be here, melissa. >> should we dismiss this number in your view? do you agree with brian? >> i think it's a fair debate. and frankly, we were quite surprised by the strength of the report. we were looking at the head winds that the consumer was facing which was delay tax refunds. higher gasoline prices, poor weather conditions and, of course, the lagged impact of higher tax in january. we were looking for a weak report and we were surprised by it. whenever you look at the seasonally adjusted versus the not seasonally adjusted, maybe we'll get a revision. but i think to me what it tells us is something a bit more fundamental about the consumer which is the tail winds are maybe a little stronger than we had thought, which is healthier laboring because job growth has done better. wealth appreciation which is helping to boost consumer confidence. the consumer's still in a challenging place, but receiving some cushion from the labor market. >> how can economists be so

dollars to its investment bank head andre or sold to lure him from a competitor bank of america merrill lynch and this takes place and growing pressure on the european investment banks to cap their bonus payments to top executives that said the political has all the details j.p. morgan c.e.o. jamie diamond got twenty two million dollars last year the highest among american bankers mike rieves from stand their chartered earned more than thirteen million dollars the most for european bankers however their salaries pale in comparison to those in food bowl where lionel massey and david beckham's earnings topped fourteen million dollars in fact star player fell or is have grown more than fifteen times over the last two decades while most of the globe is tightening its belt the two market worlds of bankers and football players seem swollen with growing bonuses bunkers get too much money for the value. to society it seems to me to be wrong bankers get so much money. my job i think is wrong with footballers because so much money. but after all what does a footballer do to society you know to generate

administration larry speaks, who resigned from the white house in good graces in 1987 went to a big job at merrill-lynch up at wall street and then wrote a book the following here 1988 says he fabricated the grand total of two quotes. and no one knew he was going to publish the book and fired within a week of his big job on wall street because of two quotes. seems as if robert gibbs was at least fabricating the truth for lack of a better phrase, for two years. >> i don't think he was fabricating, he just didn't tell all the truth. maybe they were saving the-- >> now he gave it away now by saying he was told not to do it. >> maybe they were saving the secrets to be leaked to the new york times or wikileaks. >> well, the issue is now they tell us. now he tells us that he's gone over to the other side, i'm not going to call it the dark side, but you kn, this is a guy who's joined msnbc and he wants to make some news and demonstrate his distance from the white house, so the way you do this is to say something that was obvious, that is that he was not going to talk about it. >> what is the benefit of him say

he worked at merrill lynch 15 years where he developed his management skills and later left corporate life to pursue his calling in pastoral ministry. he leaves behind to cherish his memory his best friend and his loving wife tamara hall man jackson, his parents of washington, d.c., and ruth jackson, also affectionately known as polly. she's a leader right here in our own visitacion valley community. he left behind four brothers, brian, drew, james, and lorenzo and one brother-in-law, raphael who resides in hollywood, california. so, please join me in lifting up our dear friend and sister ruth jackson as she mourns the loss of one of her children. on another note, another sad note, i also want to lift up another mother of the bayview community that has lost her son. many of you know ms. espinola jackson. she recently lost her daughter to a battle of cancer. ms. yvonne jackson harris was born february 9, 1956. she attended san francisco public schools and in the fourth grade she had already mastered algebra. she, too, was a graduate of wood drone wilson but from the class of 1973. she

of their legacy data so they could be accessed by private clients were jewish bank alex brown merrill lynch marshall mcluhan companies some of the largest brokerages insurance companies reinsurance companies in the world and then all of that out after nine eleven these companies are fraudulent lee you know involved in all sorts of insider trading the nine eleven continued to kind of rape and pillage for many many years afterwards and when you look at the financial data who was making money on that day who had the knowledge it does not lead you back to the official tenets of the official story so it begs one the ask some questions and actually consider what is the relevant data that we have to make this decision with and let's not neglect any relevant aspects and even in the investigation richard i remember government officials saying it's not relevant who was who had for knowledge to bet on the stock options because it's not arabs and that's even more interesting i mean the fact that rich white bankers were betting that the stock sort of fell and for all of the attacks really interesting as

ethan harris is an economist with bank of make, merrill lynch. do you think this is a blip? >> i think things will get weaker in the spring as we have to deal with the budget tightening in washington but this is a good sign that the underlying private sector is healthy >> reporter: i but 12 million americans are still out of work. >> hello. >> reporter: 57-year-old barbara johnson is one of them. >> i sometimes stay on the computer 24 hours straight just applying for everything. >> reporter: laid off from her job as an administrative assistant with a new york bank before the recession. johnson has survived only by taking a series of part-time jobs. are you any more optimistic with the slight improvement this the job market? >> i'm hopeful but not excited. i want to see america get back on its feet again. i would like to be back in a full-time job again, with benefits. >> reporter: if you include people can only find part-time work and discourage workers who've given up looking the underemployment rate, scott, swells to 14.3%. >> pelley: and that's about 22 million americans

wells fargo, bank of america and merrill lynch think it is a by opportunity.of america and merrill lynch oracle weakness is a buying opportunity. back to you. connell: thank you very much, nicole. the first man ever seven years ago, he has more than 2.2 million followers. dagen: i was close. bring it, people. more good news from the housing market. coming up, we have the ceo of dirk shirer hathaway. he will be talking all about it. connell: taking over the mobile industry. we will have that coming up a little later on from shibani joshi. first, let's take a look at world currencies. let's see how everyone else is faring against the dollar. we will be right back with much more on "markets now." ♪ ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. reques

cash vangon from bank of america merrill lynch global research. all this information out there, but what are companies doing in terms of mining it? >> there's a lot of comparative intelligence to be gleaned from it. the way you look at big data is if you're not using big data analytical technologies, you're probably a loser. this is one of the biggest deals, biggest revolutions that have happened in the software industry. >> give us an example. >> if you're in oil and gas, geophysical exploration, you collect all the information to where oil could be. to be able to synthesize it and pinpoint with accuracy where am i going to place the drill to ensure a high degree of discuss, that's one example. >> how recent is this? we know companies have been trying to do stuff like this for a long time, but is it the computer databases haven't been there for a long time? >> we've always had big databases. but what we were missing is the sequence that intk you as a consumer. the data that you generate with your smartphones, that has not been captured the. the f

we have head of fx at bank of america merrill lynch. great to see you today.st mentioned italy. yields are moving up. euro under pressure today. how relevant is europe to the u.s. trade? >> well, i think before all is said and done it will be relevant. in the near term u.s. markets have been resilient to what's been a pretty decent turn in trend for european peripheral debt but so far u.s. equities have held their ground well in fact. they have been quite strong. so as of right now, no, they are not really playing on much of an effect on u.s. markets. >> i think what a lot of people are trying to figure out is the dollar's role in this. when you look at the charts, what is it telling you? is the dollar strengthening here? a warning sign? >> the most interesting thing is we have seen a breakdown in the correlation between the dollar and the traditional risk off/risk on regimes that have been prevalent since 2007, 2008, where the dollar is moving higher very much on the background or in the backdrop of risk taking in the u.s. even though there are signs of risk

the asset management through merrill lynch is going very well.mpany with great long-term prospects in a number of different business areas and it's relatively cheap. aig, the underlying insurance businesses were kept in tact through the financial crisis, and i think there's a lot of operating leverage there. as brett mentioned, is just starting to get realized. those would be my two bigger bets. i think some of the other names, there's other, better players. >> what do they say? every slug has its day. michael, brent, thank you very much for joining us. let's send it straight over to courtney reagan with a quick market flash. what are you looking at, court. >> take a look at shares of diamond foods. shares down more than 10%. basically, the company report earrings that were very disappointing, getting a downgrade from d.a. davidson. and now this short s.e.a.l. restriction has been triggered. you can see your shares is down 10.4%. mandy, back over to you. >> courtney, thank you so much. >>> coming up next, a special stat for the cat in the hat. >>

morgan stanley, merrill lynch, smith barney, they don't have this cachet they used to have and as moree into the market, they're going to be more apt to go to a smaller, regional name. >> paul, thanks for stopping by. we'll talk transports now because the dow transports continue to make record highs with the big part of that being the performance of the airline stocks. there's heavy call activity in one stock in particular. what were you watching? >> yeah, i was looking at lcc. us airways. this is a company that is in the process of trying to merge with american airlines. the airlines have typically not earned their cost of camepital t this suggests they might be able to get some under control. only two weeks ago, up about 25%. paying $1.10 for those. >> coming up next, it is the biggest week so far this year for i p pos. a look at the potential winners and losers and later on fast money madness, we are feature i inging the most talked about stocks in the market and you weigh in as a fifth trader. back right after this. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ m

stocks have held up pretty well, but b of a merrill lynch believes that's a mistake.te, sequestration is not priced in. longer term, cowan & company predict lockheed martin could see cuts to future order ps for the f-35 and the little combat ship. north korea, though, is making threats and crt capital report says beefing up missile defense in alaska could benefit orbital sciences. that's your q2 channel check for defense. >> oh, there you are live, jane. >> there i am. >> wow, the magic of tv. >> i changed my clothes like that. >> very nice outfit, jane. i've got to ask you because the last durable goods report that came out, 68% rise in defense spending because a lot of orders were put in just jammed through the pipeline. is that simply pull through from the rest of the year? and doesn't it balance out so they get the revenues? it's just earlier than expected? >> you know what? that's hard to say, melissa. only because the last quarter's earnings really surprised the street. and already everybody was factoring in a sequestration, defense cuts and all this. and yet th

the only argument i had about the kodak sign and merrill lynch booth was money. as i took it out, fuji comes in and they want to take the space. and we said no we're not going to do that. it was a financial issue in certain respects but i think it paid for itself over time. >> rose: paul goldberger wrote the real brilliance of the place is the way in which it confirms of the virtues of the urban ensemble. penn station was built mainly to send a message about the spleppeddor or arrival, grand central was to make clear the choreography of connection. does that resonate with you? >> i think absolutely. from buying food at the food market, to buying pens to write with, to bookstores because you can-- even though the train hurries you up for a schedule, it also slows you down. the train is not leaving for 30 minutes. of course one of the great things about grand central that hasn't been remarked on, the new penn station and the the old one didn't have as many traction. there are 40-something tracks on one level, and another 20, so there are 60-some-odd railroad tracti

exclusive reaction from john thain, head of cit group and former ceo of merrill lynch.cit's turnaround from bankruptcy and whether it is up for sale. stick around for john thain. back in a moment. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." it's not what you think. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lincoln mkz. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind...

savita is with b of a merrill lynch. always good to see you. >> great to see you, too.es don't always hang on, so how does it play out in your view? >> essentially, we see economic growth recover in the second half of the year and we get to a better place. i'm actually surprised that the market hasn't hit, that the s&p 500 hasn't hit a new high at this point and what i always go back to is earnings and we actually managed to grow earnings consistently since 2010. earnings have continued to hit new highs for the corporate sector. so it's almost surprising that we haven't hit a new high on the market. >> why do you think that is? are there particular sectors where you think the performance isn't as strong as you would have thought by now and does make it a concern about your 1600 target? >> i think there are a couple of things going and i think there's skepticism about the strength and the longevity of this rally and the most kind of common worry that i hear is if you buy here there could be a better entry point, and if we do see a pullback. so it doesn't feel good to buy

interesting, you have two analysts, wells fargo saying that the shares should be bought on weakness and merrill lynchortunity a $38 price target. we notice we see oracle under pressure and-- >> under pressure? under pressure? >> 8 1/2%. nicole: major, major. stuart: that's a selloff. and look at this, we're down much more than 25 points, i thought that's what we'd be down in the early going, no, down 63. maybe that ultimatum to cyprus has something to do with it, we will a find out in just a moment. let's get down to ed for a moment. the national debt. 16.7 trillion dollars now. and you think that this debt. this huge debt is a problem now. that it's an immediate problem. the president doesn't agree with you. speaker boehner doesn't think. >> the speaker and president should listen to me. stuart: do we have an ego, ed butowsky? >> it's insane to think this is not a problem today. let's look at this. right now we're short a trillion dollars every single year and then we are short on our debt about 500 billion dollars that we have to pay. where is that money going to come from? what do they do, they pr

financial crisis came, lightly-regulated investment bank withs like bear stearns, lehman brothers and merrill lynch did no worse than heavily-regulated fdic-insured commercial banks like wachovia, washington mutual and indy mac. so it's hard to see that more and titled regulation is really the answer. what we are watching in the name of prudential regulation is the government gradually squeezing the life out of the banking industry the way the interstate commerce commission gradually squeezed the life out of the railroads. if we let the government insure and provide prudential regulation to the securities business as some regulators have now proposed, we'll pay a heavy price in lost economic growth. finally, even natural supporters of free markets and members of the financial industry were shaken by the crisis. and were slow to resist the tide of adverse commentary in the media. without an alternative explanation for what happened, officials at banks and other financial institutions had to admit that they did many of the things that were now being cited as the causes of the crisis. these uncoerced

in particular bank of america, merrill lynch analysts say copper prices should rebound from current levels second half of 2013. they're making a big bet that china, the biggest user of china the world, will increase its demand. the u.s., second biggest user will increase its demand. if i get out of this, guys, i will turn back to the copper chart, copper today actually about flat, but it has been, it rallied off to start the day because of better than expected durable goods orders. copper moves on stuff like that. so something to keep in mind when you're looking whether or not you should invest in copper. by the way many plays in the stock market, freeport-mcmoran, a lot of those big mining stocks you can watch, a lot of etfs they all move at the price of the metal. bottom line, don't just look at gold and silver. a lot of wall street analysts say copper is has been the laggard. it will pick up. it will beat gold and silver the rest of the year. ashley: nice move. sandra, thanks very much. tracy: one metal that makes stuff. use it. as opposed to the door stop that is gold. how this for you

over in london, bank of america, merrill lynch analysts came out with a big note. today mike over there said that copper is a big growth. we maintain the view that copper prices should rebound from current levels as we move into the second half of 2013. if you're looking for a way to play this other than just buying copper itself, there's a lot of publicly traded copper companies. some of the biggest, southern copper, these all have exposure to copper prices. mixed in today's trading session. there's also a handful of copper e.t.f.'s in which you can play the potential rebound. important to watch that metal. we often overlook it. it is a very cheap metal but one that certainly can provide good returns if it's on pace to outperform gold and silver. back to you. dagen: thank you. connell: more on the cyprus bailout is coming up and the question about whether it can happen here. it's a mess over there. so this idea whether -- you know, because we have our own central bank and our own currency, whether the fed printing more money is the answer or makes things worse or

going back to those gold prices, bank of america, merrill lynch may be working against gold. expect gold to top 2000-ounce. that could be working in the other direction as well right now. connell: thank you, sandra. dagen: thank you so much, sandra. after a long flight, dell does suggest that you take a shower, but without water. helping flyers beat jet lag. looks like a tanning bed to be. it will help reset your internal clocks. i wipe down my seat with a handy wipe, that was nasty. connell: i bet it was. dagen: really, really nasty. connell: that would be great, by the way, these showers for our stage manager. when was the last time you showered, josh? dagen: josh wears the same clothes every single day. connell: he has a great laundry department in his building. dagen: i have a restraining department to keep him at least 200 feet away from me. connell: coming up, cheryl casone saying there is still time to get in on the big party. dagen: denys deal with the latest on the cyber threat theory. ♪ ♪ [ female announcer ] from tracking the bus. ♪ to tracking field conditions. ♪

have to essentially pay yourself interest but we should note there was a recent bank of america, merrill lynchhat said 401k loan transactions, new ones, they were down 5% from a year ago and total hardship and in-service withdrawals were also down nearly 8% and this just came out earlier this month. connell: competing studies. dagen: people always discourage taking a loan from the 401k plan. if you owe money and you're paying yourself interest and yes, you have to pay the money back if you ever leave the company where you work but better to borrow from yourself than a relative or a bank where you're not paying yourself interest. connell: if you absolutely have to. dagen: but how about down payment on the house? there you go. borrow it from yourself. rhonda over here, one of our camera operators is giving me the thumbs up. connell: in that case, i'm all for it. let's go to apple for a moment. they may be starting to get nervous with samsung launching the galaxy last week. don: here is more on this. >> we're seeing a new side of apple. they're on the defensive as more and more criticisms and com

joining me to discuss is alex goldstein, former vice president of merrill lynch, bob ney from ohio andhich details his political career and downfall culminating in a three-month prison sentence. raj data and deepak bhargava. great to have you here. there's a way we try to vouch -- we try to guard the public's interest against public malfeasance and bad actors or externalties, right? the power of the political system in state in brought to bear in private spheres and often they don't like it because it's going to be less profits or more regulation or they feel hamstrung and they fight back. one of the ways they fight back is in congress. i want to talk to you first about this. you're famous for the abramoff scandal and being part of that and in the circle. it was a very extreme example of something much broader which is the kind of economy of favors that happen. and i guess i would say to you, was your experience in congress even after a bill was passed, would people come to you to want you to weigh in on their side on the actual rule-making progress as congressman because that would ha

. >>> and, in fact, there was a merrill lynch report indicating this past week the vast majority of internetaround in five years. >> that was tom costello, then a correspondent for cnbc talking the day after the nasdaq peaked in the year 2000. within six weeks the tech index had dropped almost 2,000 points. 13 years later, the nasdaq still has not regained those losses. and it was on this day in 1969 that the man who was convicted of killing dr. martin luther king jr. found a way to escape the electric chair. james earl ray cut a deal to plead guilty. many believe he did not act alone. in june 1977 ray escaped from the tennessee prison he was being held only to be recaptured days later. in 1978 a house committee con clulded that james earl ray did act alone when he killed dr. martin luther james. he died in 1998. >>> susan rice, could she be up for another appointment, but this time without taking the hot seat? more ahead on that. this is msnbc. ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my dau

minimal, said the head of the united states equity and quantitative analysis at bank of america-merrill lynch. overall, the sequester could reduce earnings at the biggest companies by just over 1%, she said, adding the markets want more austerity. well, if that's true the market is going to love the dire short-term consequences that the sequestration is going to bring to many americans closer to the ground level of the economy. she rounds up those who will be hit hardest and most immediately. 125,000 people are going to lose their rental subsidies. 10,000 more will be cut off from similar subsidies intended to assist americans living in rural areas. 100,000 people face getting kicked out of emergency homeless shelters and cuts are coming to unemployment insurance, title 1 education programs, head start and anti-hunger subsidies. it's not like those who bid on the stock market can't grasp the looming disaster. they're just completely unconcerned. as you may recall, the market didn't exactly take to its fainting couch as the so-called fiscal cliff loomed either. despite dire warnings of a marke

sources told me over the years you won't see a break up of merrill lynch because it couldn't stand uphe trading side. it must be so profitable that the backup capital needed is justified. i was told no clear conclusion until the volcker rule. >> kayla, thank you very much. >> more from bill miller of legg mason. and more fallout from the london while fiasco, including serious charges from a senate investigation. our "squawk" legal team will tell you what to expect when they testify later this morning. ng. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ to help you take charge. (music throughout) why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. >>> >>> welcome back to "squawk box", everybody. aeropostale with better than reported earnings. the retailer will report a loss. it's blaming a weak economy and the need to cut

. >> what a call by merrill lynch. downgrading radio shack? >> yeah. >> from what?as one of two choices. it's going to have to take the very unpopular decision to let a bank go. >> good morning. we are live here at the new york stock exchange. let's get you caught up on how the u.s. markets are fairing. and we are dipping into the red with the s&p 500 down by just a point. the dow hanging onto a gain for the session, up by 14 points. a few home builders on the rise after an upgrade at raymond james. upgrading to a market perform and up grading toll brothers to a strong perform. and the stock of electronic arts spiking on news the ceo is stepping down. reports will come in on the low end, pushing the stock back to the red. down by almost 19%. >>> the dow is still in the dreen, just for the first time in three days as the unrest in cyprus continues. we prepare for today's fed meeting. how should you play stocks through here. plus, are the big banks here safe? find out which ones have the most exposure to europe. >>> then our exclusive interview with the ceo of liberty

caterpillar global sales, merrill lynch that just came out, i call that negative.can down 12%. here's the issue here, we have to keep dealing with the fact, deere downgraded and i was talktoto melissa. deere down yesterday and down again today and it's difficult to mount a rally, a serious long-term rally when caterpillar is not good and fedex isn't good and deere's not good even if best buy and blackberry are not as bad as they used to be. >> those aren't enough to raise the market. let's understand that the financials may have gone down too precipitously on cyprus, but there is a backdrop of industrials i call nsh, not so hot. >> second, arcp. talk to me. >> i had shorts. this is a hostile bid. the real estate investment group has lacked consolidation for a long time. i had them on last week. a nice 6.5% yield. he gets the deal and the yield will go higher, if he doesn't, it's still a great stock and i know you're a big head & shoulders fan. boom. okay. so i like the real estate investment trust sector and it does well because it's had a cyprus. >> you're not say

appliancemaker is up 48% in the last year and it remains several points in a new high and bank of america, merrill lynchrget and if you want a global name that's not headquartered in the u.s. look at electrolux basically flat for the year and don't forget samsung, they're in electronics all over the world and they have a home appliance business with what they're doing with tvs and the smartphone sector and newell rubbermaid. it has outperformed the broader market year to date and yields 2.4% which is above the s&p average. citi has a buy rating on it and sees a better than 13% share appreciation for the year. foib finally, i want to talk about legget and plat and yield's 3.5% and it makes everything from bed frames and countertops and they're diversified and somewhat leveraged to the auto industry and they do trimmings inside the cars and involved in jc penney's store and if you want a yield, the 130-year-old company may be something to look at. melissa, back to you. >> shactman, thanks so much. from hot sectors to a hot, very hot march madness game. in case you missed it. harvard upset new mexico 68-62

piper jaffray and and merrill lynch responding. down on strong volume.lot, josh. on the heels of today's positive job numbers, online work is boosting job opportunities for professionals who can find a job without ever setting foot in an office. in 2012, 35 million hours were worked through the largest online marketplace, o desk. giving them the chance to hire an employee who is really located anywhere in the world. gary schwartz is the ceo and joins us this morning. gary, good morning. >> good morning, carl. >> people say this is going to be, what, a $5 billion business in a few years, right? >> yes. staffing industry analysts say $5 billion in five years. >> what kind of work does this technology lend itself to? >> we're seeing all kinds of work that can be done in front of a computer, while most of the work is technical in nature, we're getting pulled aggressively into marketing, data, even managerial jobs. four categories accounted for 90% of the work on our platform in 2007. that's more like 35 categories today. so massive expansion. >> i'm guessing

here's merrill lynch, global research. >> certainly improvements in the job market very ornt to confidence in the economy and spending. and we think that the recent improvement on the stack market chose to continue the the source is quite good and we certainly expect steady growth over the next cup. we've had significant tax increases in the united states, we also had the spending cuts, which will kbat in the april rms may and june reports, we get very soft numbers including the $200,000 we experienced last month. >>> japanese leaders want their u.s. counterparts to understand how they're trying to get their economy. finance mystery. the japanese are not waiting to weaken the yen. >> i explained that when not engaged in a currency war that our main goal is to get out of our deflationary slump. i made it clee that the renz. >> eso said he and lrk iu. >> now for your weather forecast. >>> that concludes this edition of "newsline." i'm keiko kitagawa in tokyo. thank you for