adam: peter hayes from blackrock on top of the show., on the wires, scheduled a vote to bring the bonds to market. we'll follow that. >>> a wearable gadget that converts words on a page to speech simply running your finger over the word. cheryl: amazing technology hyped mit labs finger reader. that is coming up next. ♪ ♪ [ bell ringing, applause five tech stocks with more than a 10%... change in afr-market trading. ♪ all the tech ocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into -week highs. six upcoming earnis plays... that recently gapped up. [ male announcer ] now the wod is your tring floor. get real-time market scanning wherever you are with the mobile trader app. frotd ameritrade. with the mobile trader app. iwe don't back down. we only know one direction: up so we're up early. up le. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move ortart a new here. business here... and pay no taxes for 10 years. with new jobs, new opportun

the head of municipal-bond peter hayes joins us. in december on this program you told us eventually pr will have to restructure. it seems this is the first step and any day we would get a downgrade. am i wrong? >> i think you are right. they obviously, we have two more agencies and have to weigh on the rating but last summer the debt has been trading below investment grade reflective of the weaker credit profile. nonetheless. nothing fundamentally has changed. the administration which has been in place for a year has done a good job raising taxes trying to cut spending taking some other measures which the s&p cited and the reason they went to -- should doesn't change the fundamentals. economy is contracting, not expanding. they are overleverett, demographics are not good and we conducted to detroit for that, population is falling. about of intellectual capital of the island is leaving and that means they are taking the ability away from the commonwealth to repay the overwhere ever did that which has been so burdensome and ultimately

black rock's peter hayes on what this means for your money.the right notes? the analysts and schematics to watch before twitter delivers its very first earnings report. from kansas to vermont, 106 million americans remain under some type of winter weather alert. the storm has passed, the travel mess and has got it worse. stocks are searching for stability after the bumpy ride. can they hold on to yesterday's modest gains? we go to the stock exchange and nicole petallides will answer that question. nicole: after the sell-off on monday, we lost 326 points on monday and obviously haven't gained much since then. the dow down one point, those are fractional moves accounting for 0.1%. we're seeing a move for the isn't the 500 down 0.2% and the nasdaq down

peter hayes joins us as we await the details on pr's

if that is the case, we have had peter hayes on the program before, do you think we will see a repositionuerto rico. generally, we are independent. i think the restructuring would only come if puerto rico fails to attract enough investors in a large bond deal. they passed a bill or has put in front of the legislature a bill to bring a two plus billion dollar bond deal. if it is successfully place, puerto rico will have some more breathing room. some of that has to do with alternative investors who are now showing a great deal of interest. >> what would happen if puerto rico would restructure? what happens if they said help. >> there is a lot of discussion about what puerto rico as a territory of the united states can do. there is a general obligation bond. there are bonds issued by the power authority that water authority, highway 30. they would need to decide which bonds would be -- which was was given the most bang for the buck and which one they would want to preserve. we do not see that happening at this point. if it were to happen, the leaders and puerto rico would have to decide whi