and don't worry about oppenheimer. oppenheimer is my responsibility. you can worriy about everything else. >>> next week on history bookshelf, howard dodson discusses jubilee, the emergence of african-american culture. it examines the political and social identity connected with african-americans. history bookshelf airs on american history tv every saturday at noon eastern. >>> congratulations to all this year's winners of c-span's student cam video documentary competition. students entered a video on the theme the constitution and you. showing which part of the constitution is important to them and why. watch all the winning videos at our website, student democrcam.. we'll talk with the winners during "washington journal." >>> i believe it is yet possible that we will come to admire this country not simply because we were born here, but because of the kind of great and good land that you and i want it to be and that together we have made. that is my hope. that is my reason for seeking the presidency of the united states. >> as candidates campaign for

lawrence is in the context of oppenheimer and teller. oppenheimer steals the show. the man who at berkeley whether he was teaching here took sand script so that he could read the hindu classics in the original. a man who is very much worldly, almost exactly the opposite, in fact, of lawrence who was the meat and potatoes man. next slide, please. so the book is about all three men. what i told friends is the atomic gildamesh. it is epic in scope and ambition. next slide, please. one figure that i didn't expect to be major figure is oppenheimer's brother who is eight years younger, frank. it was said that his face was that of an overgrown fire boy but terribly wise and innocent. the dappled sunlight seemed invoktive of that. frank and robert, frank was always laboring in his older brother's shadow. they were not only world as part in what they did but also their personalities. oppenheimer is adolescent. he had seen psychiatrists for depression and once contemplated suicide. he wrote frank that he found earnest unbelievable vitality and love of life. his friends most e

there is only one person approached and that is robert oppenheimer. they interview oppenheimer and he now says well, yes, the story i gave back in august of 1943 to pash and was a fabrication. the true story is only that i was involved and i didn't cooperate. that incident, both versions incident. slide, please. u.s. government saying that you could not open a door without finding robert oppenheimer behind it.

oppenheimer was not one to suffer fools. he thought that straws' position in this was foolish and straws was a fool. so oppenheimer who was certainly arrogant, simply made fun of straws in the congressional hearing. and straws never forgot or forgave oppenheimer for that. but as well as straws, of course, is a primary force behind the lobby for the h bomb. as the chairman of the gac or the aec. so they came to opposition. straws was the chief figure behind the hearing. it really was his engineering of the hearing that caused it to take place. the hearing, too, was unlike a trial. it's a closed -- actually a secret administrative procedure. it is called a personnel security board hearing that unlike a trial, you're not allowed to confront your accuser. it takes place in, as i say, in secret. the usual rules of evidence do not apply. there is no appeal except to the

this weekend on history bookshelf, >>> the tangled lives and loyalties of robert oppenheimer, ernest lawrence and edward teller the making of the atomic bombs dropped on japan at the end of world war ii. it's about an hour. >> lawrence is the man of buoyancy and bounce as david lillian that you will once said, the consummate organizer, the man who actually deserves more credit than he has received for organizing the atomic bomb project. that would have been nothing had it not been lawrence to get things rolling. hirst operation at oak ridge was the operation that separated the u 235 to u 238 with the so-called calutrons named after the university of california. if there had not been a lawrence there would have been no atomic bomb at least not on the schedule it was completed. lawrence was in many ways the sourcer's apprentice. built the great psych la tron. wanted to push forward the frontiers of knowledge but instead it will be modified to separate the uranium for the bomb that's dropped on hiroshima. hence the unintended consequences of scientific intervention and next line, i foun

our thanks to carter braxtonworth of oppenheimer. send us a question and we'll answer it in our web extra after the show on optionsaction.cnbc.com. we'll post trade updates there as well. got to check it out. here's what's coming up next. >>> talk a metamorphosis with a bearish bet on caterpillar stock. dan doubled his money. there's more left in the trade. will he cash in on cat? find out when options returns. >>> time for pump up the volume. the names that were heating up the sizzle index this week. got some secret files lying around? this company would be happy to shred them for you. its name dates back to the '50s when it figured out a metal mine would be the best place to store documents. options traders burn through the company's calls this week, betting the stock will be on a tear. who is it? the answer when "options action" returns. >>> welcome back to "options action." time for the upside call. we take a look back on some of our winning trades. last week we called dan out for a sour trade on apple. today we congratulate him

oppenheimer is gleaming from that. you have a 4% return over three months, 28% over one year, 53% over two year. and 98% over five years when glo global p.e.s are between 10.6 and 11.1. >> i'd love to say that you could make money on bonds and equities but joe has been on this for quite some time now. if you look at m.o., you're yielding over 5%. you look at dominion, you're yielding over 4%. i think baby boomers will wind up going back into equities and searching for yield. ultimately the better bet here is equities for the longer haul. >> scott? >> the majority of the marketplace that wants exposure to stocks are baby boomers. right now it's low and if you look at the middle of that chunk it was a huge volatile moch. will you particular with those and can baby boomers trust that? i think you need to move options to control that risk. volatility is low. and the fact of the matter is, i'm a statistics kind of guy. you mentioned those p.e.s, that looks really good for stock. especially if you get gdp growth. 2 to 3%. in

peter cook is talking -- peter oppenheimer is talking right now. we'll continue to update you with all of the latest. melissa? >> thank you, courtney reagan. in addition to the apple story, apple being 18.7% of the nasdaq 100, it's interesting to see that the nasdaq is looking to open lower even with apple's turn around by about 11%. >> amazon, kindle e-readers dropping sharply. when we think about ipad, i still think this is ipod. in other words, i think that this is a device that is going to be game set match in this particular area. i just don't want any other device. i don't. this is anecdote ta but you see the numbers. you know -- you go on twitter. did you see any complaints about how it didn't live up to obligations? i didn't. this thing is just incredible. and i really want to come back to that more than the capital allocation. the stock can go up, absolutely, because they can own a stock now that they didn't. but this is an earnings per share story and i believe the ipad is a monster for sales. monster. >> and you look at 1.8% payout, ibm

analysts for oppenheimer. >> how are you doing?good, thanks. >> the company reported a week of an expected holiday sales. i don't think the business is here and the stock set up a big empire. the longer term prospects. >> a lot of people got spooked and then the ship seemed to right itself. a lot of them were written off and it tracked with a lot of the other retailers. why did you think it was a one off thing? >> it's interesting through the holidays that tiffany was the outliar with weak results. >> totally. >> almost all indications said they held in really well around the world. i think that reflects a lot of factors. live annie had maybe merchandising issues and tiffany was overindexed or overexposed to the markets like new york and london. it wasn't playing in other categories that have driven better results. there were a number of companies that led to this weak holiday sales. >> the concern is not translating into your call. you haven't outperformed? >> it reflects my positive views. i am cautious here. looking towards the

this true how we'll, oppenheimer aleichem and [ teen ] times are good, aren't they, kids? my day, we didn't have these newfangled wireless receivers. fangled? no, we watched march madness in the living room... that's where the tv outlet was. what is he talking about? and if mom was hosting her book club that day, guess what...you missed it! we couldn't just move the tv all willy-nilly all over the house. ohh! ohh! kids today have it so good. ok. [ male announcer ] the new wireless receiver only from at&t. get u-verse tv for $25 a month with free hd for six months. at&t. >> office is determined that she was in violation of a dui in over the legal limit. she was arrested. >> there is no word if anyone else was hurt in this crash. firefighters to time to repair the hydrant that was damaged. >>ysabel: another story making national headlines, the shooting death of treyvon martin who was shot in and killed by a neighborhood watch volunteer. this is in florida where the rev. jesse jackson is speaking right now at this church. many protesters are wearing hoodies, like the one he w

while steve jobs opposed dividends, cook and oppenheimer have been hinting soon announcing plant for cash pile so expect a dividend. that buyback was an added bonus. dividend to bin july 1st was based on apple's fiscal qe4 financials and 2008% increase from 12 cent dividend last paid 17 years ago. now s&p's silver blat point out the record for largest initial annual dividend. the second largest total dividend payer behind wireless carrier partner at&t. apple's dividend propels s&p 45u7b indicated dividend rate to new all-time high of $30.11 per share. noting on squawk box this morning that the 2% u.s. still trails emerging market index dividend yield of 2.7%. apple shares, as can you see, did close above $600 a share for the first time but ceo tim cook says the company is not considering a stock split. at this time it would only consider doing so if it is in the shareholder's best interest. cook made a point to say innovation is the most important at apple and oppenheimer has a pipeline of new product and customers will be very pleased. back to you. >> thank you so much. >>> stocks n

carter worth from oppenheim her, best technician on wall street. good to see you.mer discretion naries as a sector. >> sure. so it is obviously all-time highs as a sector as you have cited but the issue is that the steepness of the current intermediate advance, moving from its october low, where it is now, 33 to 44, some 33 to 34%, well above its proceeding top, most importantly, what you will see here, the 150 moving average placed in, now too far above that line. history shows typically when you have excited a past stop and far above your smoothing mechanism, you are due for some sort of correction or pull back, a mature under immediate advance judged to be unstable. >> what is driving it? what happened here? is that warranted? >> a lot of individual names also making all-time highs, one that is even farther ahead than the whole rate itself is starbucks, we can look at that just juxtaposed by comparison. and here, too the same general trajectory, october low, all stocks made lows but in this case, talking about 35 to 52, a 50% move, here, too, it is basically two

carter worth is talking numbers, chief market technician at oppenheimer.t do you think of the market? >> in principle, a good rule of thumb is as follows. if after plunging dramatically recovers all of that lost ground, invariably it will stop when it gets right back to the top from which it sold off. it is simply a function of where there's memory. people who are trapped by the selloff, having lost a lot of money and have that money returned to them, a here is a graphic form. the wipeout of last summer, equally impressive recovery and now, what you see is we are right back to the may top. in principle, you should respond to that type. two types of response, there's time response or price response and time is simply this, where you go sideways. or price, you go down. they are both healthy and both normal. it means simply that this supply, unhappy people from here who having lost a lot of money and seep those monies returned to them start selling and people from here who bought well, try book gains and that happens invariably. >> we are vulnerable what you

innovation remains the most important objective at apple and oppenheimer added the company as a pipeline of new products. customers will be pleased. tyler. >> on the conference call, courtney, tim cook was asked about what he thought about the possibility of splitting the stock. what did he say? >> that's right. there were a couple questions in the question and answer portion, the ceo said it's something we consider but we don't think it makes sense at this time. we don't think that it provides value to shareholders. i'm not sure if shareholders agree or disagree, but he said at least they had considered it. not something they want to do at this point. >> all right. courtney, thank you very much. so does this put pressure on other techs like google to also put up a dividend? plus, what does this say about the ceo, tim cook? we're going to talk more about this latest move from apple later this hour. >>> to housing now. this is a big week for housing data. a good barometer of how the market is recovering. today not such a great start. and housing stocks which have been on a tear as you kno

no better than carter braxtonworth with oppenheimer. will he be the first on television to say sell apple? >> if you want to stand in front of a bus, look at charts. look at a stat. apple is now 40% above its 150 million average. that has happened 160 times since the ipo. every time it's higher. so we're talking about betting against all the odds that this time it's going to come apart. i want to show the current angle. this is why options trading is the right thing to do. here's a two-year chart. and this shows how excessive this move is. put this same picture on the long-term and you'll see again how far above trend -- that's the same channel but a five-year basis. it is a frequency that's only happened about seven or eight times since the ipo. extreme strength. i have one other thing i would show you. it's the long-term chart of price per share. versus earnings per share. this is back since 1992. a 20-year chart. the judgment is there's a lot of risk to go short apple. that's why we're going to talk about the options trade. for one t

got over probably $100 billion in cash since the year and enpeter oppenheimer, cfo and indeed tim cook, the chief executive since last august will tell the market pretty much what they'll do with the 100 billion. a lot think they'll return to a dividend policy which they gave up in 1995. the in 1995 it was 12 cents a share. this time they're betting it could be over 14 bucks a share and whether they go annual, special dividend or some sort of buy-back remains to be seen. we'll find out later today. >> oh, to have bought apple stock all those years ago. >>> still ahead on "way too early" cancer goes down to the final seconds against purdue. >>> north carolina loses its star point guard and four teams, yes, four from the state of ohio make it through to the sweet 16. all the tournament highlights are ahead in sports. >>> plus, rick santorum rips the obama administration for going easy on the porn busy. and the porn business responds in kind. is it public fight with ron jeremy really what the santorum campaign needs right now? that story and a check on weather. >>> my fellow citizens at t

has been practicing his oscar acceptance speech since he was 7 years old, carter braxton worth of oppenheimer. >> just as you say, this has come to life obviously. the issue is has it come to life a little bit too much. so let's look at it. and what a base or what a period of equilibrium, two-year chart. history shows that this is the kind of thing you look for as a buy juncture when it's looking to break out. a two-year base and then explosion. but now it's happened, it's a perfect example how you will have a fake out, fall back to the top line, and then explode. 8 to 16 this week. a double. year-to-date, close at 1453. by all accounts whatever good things are coming for this business is priced in. take a look at the next chart just to put the context. again, year-to-date, 8 to 16 this week, it backed off to 1453. we think the backoff is the beginning and you're heading down to like 12. now, look at the all-time long-term chart i guess since inception, if you will. it shows the breakout where it occurred. just falling back to 8 would be a wipeout of course. we think you fall back to 12. eith

well, investors are going to find out later this morning when tim cook and cfo peter oppenheimer hold conference call to discuss their plans for apple's massive pile of cash. they're speculating the company will announce a shareholder dividend or a stock buyback. meantime, futures pointing to a lower opening this morning coming off of last week's big gains. the dow and s&p had the largest weekly gains of 2012 due to positive employment numbers and favorable retail and manufacturing news. we saw the dow close down 20 points on friday to 13,232. the nasdaq closing down a point to 3,055 and the s&p closing up a point to 1,404. today investors are going to be looking toward to the national home builders survey to gauge the confidence there. and also looks like we're in for more pain at the pump. the price of a gasoline rose 6% in february, and now $3.83 a gallon. some american refineries prepare to shut down due to increases in operating costs. the "wall street journal" reports that sonoco will close the northeast's largest refinery in july removing barrels of oil from the market. >> than

our thanks to carter braxtonworth of oppenheimer. send us a question and we'll answer it in our web extra after the show on options action.cnbc point. >>> talk a metamorphosis with a bearish bet on caterpillar stock. there's more left in the trade. will he cash in on cat? find out when options returns. >>> time for pump up the volume. the names that were heating up the sizzle index this week. got some secret files lying around? this company would be happy to shred them for you. its name dates back to the '50s when it figured out a metal mine would be the best place to store documents. betting the stock will be on a tear. who is it? the answer when "options action" returns. what makes the sleep number store different? the sleep number bed. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. it's hugging my body. it works in a minute. i can get more support. if you change your mind once you get home you can adjust it. so whatever you feel like, the sleep number

next week on history book shelf, brotherhood of the bomb, tangled lives and loyalties of robert oppenheimer, ernest lawrence. the book tells the story of the physicist who created atomic bombs dropped on japan at the end of world war ii. history book shelf airs on american history tv every saturday at noon. >> hosted by cable partner c-span's content vehicle visited many historic sites in shreveport, louisiana's third largest city. learn more about shreveport all weekend long on american history tv. >> we're in our doctor's office. pioneer medicine . modern medicine evolved over a long period of time. pioneer medicine stayed stagnant without a lot-of- changes. it was archaic things in this area. they were doing blood letting, leeches, doing things that modern medicine kind of has found upon but we know some of those have come full circle. you consider that, the things we take for granted today when we go to the doctor, things like instruments being as germ free as possible, or the doctor has washed his hands before he decides to work on us of the tools are sterilized. modern painkillers. an

on wall street i myself have done that many times hello mr jones don't sue us here paine webber oppenheimer or shuras and or lehman because we'll put this hot i.p.o. in your kill and you make instant profits so drop your lawsuit ok how planes every single day that's the law as written by brokers with hot i.p.o. shares so you mentioned capital allocation so we see here the age of the shadow bank run this is from the new york times tyler cowen he says the bank run is back and modern bank run means a rush to withdraw from money market funds the disappearance of reliable collateral for overnight loans between banks with the sudden pulling of short term credit to a troubled financial institution but these new versions are in some ways still similar to the old both reflect the desire to pull money out of an endeavor and to be first out the door and both can set off a crash so he says now we have the introduction of the term as country as bank so your nation becomes the banker of last resort but also all of these measures he's saying are also permanent from the central bank this permanent quantita

you sort of say well you know i had one very good friend in london who had written a book about oppenheimer about the moral of a novel called america's children is a very very good novel about his moral conflict and we talked endlessly about it and he said you know you've got to write about this people don't understand this you got to write about the relationship because all of this flows out of the trade in the civilian nuclear and history the fact that he has has got all this stuff and that we had you know pakistan going nuclear and several other countries and but then. then as i got into the book and i thought more about it i thought you know how i do this and i thought i have to write about the relationship between the military and civilian sides of nuclear power because they're they're very in extra could be linked in their link through the fuel cycle as i think i explained earlier . you talked about a risk but my understanding is that you have to enrich uranium up your own three percent for nuclear power plant and over ninety percent for a bomb that's a real significant difference is

although the language that you hear associated with so-called peaceful nuclear energy it used to be oppenheimer called it either dangerous nuclear activities or safe and he made a distinction that wording was dropped for obvious reasons and then now they go to peaceful or or you know i remember as a kid the. the power company in lansing michigan you know they had some poison issue in that they have actually come from one of the drilling and we were we were told this was in the fifty's and early sixty's we were told that. eventually within a within a decade or so our electricity would be free and every couple months we gather up all the light bulbs in the house and take them down to the power company and then they'd exchange them for free you know get free libraries because eventually electricity would be free and you know you need to use more electricity and. what happened to that i mean. i must say i never had that experience of well it certainly didn't prove too cheap to meter and that quote by the way was it will one day be said one day it will prove too cheap to meter it's never proven to b

do with it and those conclusions come from the likes of goldman sachs exxon mobil a analyst from oppenheimer and company anywhere between they estimate between twenty two and thirty percent of the cost of gasoline is due to speculation people who are. not going to use the oil but are just all street gamblers like we saw in the housing market and and so that means that as someone who owns a small compact car could spend as much as seven dollars and thirty cents more at the gas because of the speculation when they fill up their tank when most americans hear about speculation you know their eyes roll whereas the slogan drill baby drill is really easily understood i mean is it's a basic bumper sticker slogan hadia when this debate when you're. or democrats in general when this debate when you're using you know logic and truth but you're using words that aren't so familiar and the other side is using slogans that people think they understand well because when you talk now about wall street speculators i think people get enough of the sense that that's what's going on that somebody out there is ou

apple chief operating officer peter oppenheimer said in a conference call repay treeuating the cash from offshore would result in significant tax consequences under current u.s. law. >>> a new study by the center for public integrity ranking the states on the least most corruptible puts new jersey at the top. this is a state where in 2009 three mayors, two assembly men and five rabbis were among 44 charged in a money laundering scheme. yet the center says it's analyzed 16,000 data points during a year-long study of public ethics laws in all 50 states. it hired reporters to support its findings and new jersey merited a b plus. the highest grade ahead of connecticut, which had a b. washington state, california and nebraska all had b minuses. georgia, one of eight states graded f, came in last. >>> still in new jersey, the son of former congressman donald paine, the late donald paine, plans to run for his father's seat in the house. donald paine jr. is the president of the newark, new jersey, city council. telling the associated press he felt an obligation to continue the legacy

now a few days ago, oppenheimer upgraded dangdang to outperform.that it receives multiple expansion for dangdang in the next couple of months. dangdang stock has fallen more than 60% in the past year. so it's got its work cut out for it on the market trail. >> everybody on the floor is talking about the megamillions lotto here. what are you going to do if you win tonight? when you win tonight, what are you going to do with the money? >> i hope you're right on that note. >> i would take care of my family and my close friends and i would donate a good amount of the money to charity. >> and lots of dangdang too i guess, right? >> that would be good at this point. >> a lot of dreaming been going on the last few days on the floor. >> the internet b to b sector has really been in motion. in the last two weeks we have seen a billion dollar deal in number two b to b companies. >> good luck with the lottery tonight. >> thank you. >> good luck to you with the lot toe. they may not be stealing the headlines today but there are some under the radar stocks that

in talking numbers, quarter is joining us from oppenheimer. they are at a sweet spot, right?any given time is does something get ahead of itself and then what then? i thought maybe we could look at it and -- >> let's do that. do you think it's getting ahead of itself? >> i do. i've done a two-year chart and fairly orderly trend. it's been in the channel and it has remained in that channel for quite some time. this is the five-year chart and what you're starting to see is how far above trend we've gotten in terms of the line. and so that's the issue. now, the last chart puts it in perspective. since its ipo -- and this would just put it in context -- came out in '97 and around $20. it almost got back to there when it came back to the lows. now up 180. >> it's trimming long and taking measures. >> do you have a price target? what do you see here? >> right now at 175, 160. or thereabouts. >> okay. very good. a little overbought at this point. >> that's the judgment. >> that's the look at ralph lauren. another company identified is harley davidson. they will be looking at whether

investors will find out later this morning when apple ceo tim cook and cfo peter oppenheimer discuss the ideas for the cash. they could discuss a shareholder dividend or buy back stock. >>> and the first evolution-fresh juice store will open in washington. the pilot store will help starbucks decide whether it wants to ex-pebd into the $50 million health and wareness industry or they will. there will be vegetarian and vegan dishes. back to you. >> all right. thank you very much. hope you have a great day. >> you, too. >>> overnight, people in north platte, nebraska, are waking up to assess the damage from two tornadoes. this photo shows one that was taken by a railroad worker. he said the tornado traveled on the ground for at least ten minutes. we're told several homes and buildings need to be rebuilded. >>> a three-day emergency exercise is called operation enduring collaboration. the snore yea will be a major tornado outbreak. the last tornado in the county hit on march 10, 2011. fortunately no one was hurts and only minor damage to homes and buildings reported. >>> tomorrow's first

. >> susie oppenheimer wrote a letter to westchester county district attorney forcing support for investigationnto the killing. she wrote, "i ask you do everything in your power to ensure there is a full and fair investigation of this incident and that all relevant information is presented to the grand jury for its consideration." so far she's been the only state legislator to speak out, correct? >> corrected i want to fall on what randy just said in terms of mr. zimmerman. i'm not comparing the two tragedies. but what i do think is this, mr. zimmerman is a private citizen. these are individuals or acting on the color of law. these are people who are employed by the government to give you assistance. i think that is even more egregious than an individual who may exercise terrible judgment or have bias in their heart. i think it is a travesty that we do not have any reaction from public officials. and if he simply reversed the roles, it mr. chamberlain had shot at a police officer or harmed a police officer, even without deadly force, if an officer ended up having a bloody nose, and awlaki, 68-y

china's dang dang out performing over oppenheimer.hem to consumer spice as well as the stabilizing competitive environmental. surging 5.25%. the drugmaker's ceo said they plan to shed operations beyond plans of the animal, health, and nutrition businesses. it could push stop up 50% in shares. >>> charming shops declining after the women's plus size retailer said fourth quarter results were restrained by higher costs. they cited heavy promotions at the lane bryant business. billionaire activist car i can told me in a cnbc exclusive he was wrong to sell lions gates. i spoke with him moments ago and asked him if he missed boat. >> it's impossible to pick stocks. it's impossible to pick the right movie. when we looked at the numbers, when it was seven, unless lionsgate had the big hit, there would be problems, i thought. so we took that opportunity. and obviously and i congratulated them, we were wrong. but you kmgt win them all, that's for sure. >> and mr. icahn told me he's not bullish on the broader stock market and expected to continu

and a price target gets raised over at oppenheimer. fourth-quarter earnings due to pricing increases. the stock was up 6% today on zumiez. today marks the three-year anniversary of the market bottom we saw in march of '09. after hitting multi-year lows on that day, we have since come back in a big way. mandy drury with a look at the winners and losers since march 9th. >> i'll start with the losers. we dug out the worst performers since what we can here at cnbc call the haines bottom in 2009. the first prize goes to first solar, down 76%. it's been a tough business for first solar. and others actually in that business. because it looks like fewer solar panels are going to be installed this year. margins at the top five solar manufacturers have been slashed. and first solar is already planning for this reduced demand this year saying just a week ago that it is halting production lines, and the germany plant as long as six months. next on the list is super value, down 63%. and for-profit education company, apollo, a favorite of herb green

second peter oppenheimer who sold about 90 million. shiller sold around 70 million. forstall sold more than $30 million worth of shares. these were stock units that are granted every two years and apple sees them as a way to keep these guys around which some might see as a big risk if they lose these guys to competitors. that's a risk to apple stock. >> thanks so much. what do you think about that? much to do about nothing? >> much to do about nothing if i was a ferrari dealer in silicon valley i would be a happy guy. >> next up, a stock riding apple's coattails that may be ready to soar even higher. more halftime report is up next. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ managing my diabetes is part of my life, between taking insulin, testing my blood sugar. is this part of your life? freestyle lite test strips? why,

joining us in talking numbers, lucky guy that he is, carter worth, chief market technician at oppenheimer> it is an icon. >> an icon, juggernaut. just how steep the appreciation is in relation it trend and context is very important. we look at angles of the lines right now in the context. >> any time you have a stock that goes hyper bolic like that, you know it can't last orever but it is still going on. >> it is a question of timing. this average, we have gone from 425 to 600, up 40% above the average. so we went back and looked, for fun, how does apple do once reaching 40% above the average. that's happened only 12 times since the ipo in 1982. >> here it is -- >> here it is going back five years. bounces, bounces, bounces, bounces. yet again, odds favor, and it does go higher. only two times of the 12 where it goes lower. we are taking the contraire rif better that this is one of the times. one of the very things that you referred to. long-term is -- >> go ahead. >> long-term is quite interesting. this is going back since the -- >> since 2002. >> right. ten years. and it shows you quite

morgan stanley and oppenheimer reiterating confidence that the success of the new ipad launch will go through. coupled with excitement around the iphone 5, and the potential apple tv hitting the markets. the last one is really the big one, guys. a dividend. tim cook is expected to issue a dividend during the second half of the year. or early next year. analysts are saying that if this happens, watch the stock soar through the roof. michelle? >> we'll have to watch for that. thanks so much, seema. the white house denying a report it has an agreement with the uk to release oil from the strategic petroleum reserve. sharon epperson is at the nymex with the details. >> just the talk of this sent the oil prices tumbling. futures falling. and the 120 handle. big drop on the expiration of the april contract. but the fact remains that, of course, the white house denied the fact that this reuters report had come out about tapping the spr. and the coordinated release between the uk and the u.s. there is still the fact that oil prices, the brent crude market is $120 a barrel all the way through a

let's bring in the man who aggressively confronted apple cfo peter oppenheimer about the company's cash for it back on the january earnings call, tony sacanagi. he's on the fast line. how are you? >> i'm fine. happy to join. >> good. less than meaningful is what i said a big holder of apple told me this morning. you agree? >> yes, i do agree. i think the expectation among investors was for a 2 to 2.5% dividend. i think there was hope it could be larger than that. and you know, i think the comments are true by our analysis the cash balance is going to grow by over $30 billion a year and in three years apple is going to have $200 billion in cash on its balance sheet, even after paying this dividend, and buying back the shares that they announced today. >> why do you think the stock is up? the smart money here seems to think that it's not such a meaningful move. yet i mean it doesn't really take much these days, tony, for apple shares to go up. you sneeze and the stock goes higher. >> i think what we're seeing how is we're seeing dividend funds move in. and passive money that is income ori