-- phil flynn and but we're hearing e democrats tried to distance some sows the and theyt want to dealh the republicans is he worried from his own party? >> actually we talked about this. his biggest worries will be from his own party. it is overstating to say democrats are distancing themselves but i said from the start of president is serious about entitlemen reform. he will have a harder time with democrats. watch what is coming. speech, and state of the union address, and hundreds of billioner in in spending, i see nothing. >> i've seen it. neil: until i sian -- >> until i see a entitlement reform on the table he signs, i will be a lite bit skeptical as well. i've been waiting four and a half years for it to happen, half years. he has not yet it is the priority compromise from fiscal cliff dial, we talked about unemployment insurance a couple weeks ago, there has been compromise that the left has not liked. he made. bu i got to disagree with rick, unless, say that the left comes out of the meetings, with like sistine chapel with smoke coming out of their ears, there is no way -- >>

melissa: phil flynn, thanks so much. >> thanks, melissa.issa: next on "money" a new documentary aims to knock out the nuclear energy industry but is it a lot of hot water? dennis kucinich and his wife elizabeth are behind it. they're here to explain. it is fascinating. you don't want to miss it. visit the doctor, get free groceries. did you hear about this? did the government okay kick backs to lure medicare patients into the office? you've got to hear this one. more "money" coming up. ♪ . all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why

let's ask sandra smith and phil flynn. what do you think? >> they'll feel the pinch.s is going to be costly for them to the tune of citigroup has a drastic note in the month of february saying opec finds is challenging to last another 60 years. they are saying we have the ability to be energy independent in the next 20 years. they've even on some of the analysts say in the next five to ten years based on the shale boom here in the united states. we have the ability, according to the intergnarl energy agency, to overtake saudi arabia, the kingpin of oil production for opec in the next five to ten years. neil: that is assuming we keep going with fracking. >> that is assuming the environmentalists don't get in the way or private business still has enough incentive to do this, and that the government doesn't get in the way. neil: phil flynn, this is not entirely fracking that's doing this, but it is a lot of it, and i'm wondering whether just the publicizing the fact that we're hurting opec now is enough to get even a stubborn yoko ono to say, all right, maybe. >> actuall

fox business contributor phil flynn of prize fightures group in the pits of the cme joins us. phil, how did that build happen? >> lori, we're swimming in oil, let me tell you. this is the most amount of oil we've had on supply in the end of february, maybe ever or back at least 81 years, 1931. why is that happening? let me tell you, lori, u.s. production, it is surging right now. it is surging at a time when refiners are getting ready to slow things down a bit. we saw very low crude runs last week. that is kind of to be the expected because this is the shoulder season. we're getting into the area where demand is at the weakest level and prices go up. what does that mean for prices, we're below $90 a barrel? what does it mean for gasoline prices? good news. they're down as well. we're seeing pressure on rbob futures, down 3.67 soents a gallon. we'll see that show up at your pump very soon. heating oil is down. this is amazing happening in the aftermath of the demise of hugo chavez. who would have thought of a leader of such amount of oil of proven reserves in the market, would n

dennis: phil flynn, thank you very much. oil had been very weak, i don't know what oi why oil wants to r. why does it keep going down? phil: i think it is a little bit technical. prices have fallen pretty significantly in a short amount of time. $97 per barrel, concerned about outages and what is happening in europe, now we are back down technically we are down and the market has to balance record supplies with anticipation of demand beginning to pick up in the short term. the refineries are going to start kicking into high gear in a couple of weeks so we are having that balance versus supply. what we expect it will be in a week from now. dennis: thank you very much, phil flynn. lori: more people are working, more demand on gasoline, more good news for the u.s. job market. fewer people than expected file for first-time unexpecte unempl. pushing down to a five-year low. this coming after yesterday's ap report showing the private sector added 188,000 jobs last month, more than expected. that da data let my first guesto say he's

phil flynn, what is going on there in chicago?m about the fed meeting is keeping oil up. everybody thought we would need this crucify of 2 million barrels. forget about it. we actually fell. normally, when you have a description area like that, you get a big boost out of the market. natural gas, of course, has been the big story for the last five days. if you look at what is happening overseas, they are going up even more. we sell natural gas prices absolutely explode. with russia getting into the mix here and russia not very happy with europe right now, there are concerns that they could cut off supply. back to you, cheryl. cheryl: all of it moving ahead on the decision. thank you very much. it is time to make some money with charles payne. he is bringing profits to your portfolio with polycom. how are you evaluating this. charles: it looks fantastic. you have a ratio of 13. peg ratio at one. from that traditional valuation, they all look fantastic. i think i am seeing an inflection in the business. the fourth quarter, let's take

tracy: phil flynn. have a great weekend. helping the balance sheets but are you better off now?now. that debate is ahead. ashley: look at the tent and a 30 year treasurys. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. . .. >> i'm dennis kneale with your fox business brief. eisnaugle, baby. intercontinental exchange reportedly agreeing to cap fees on soft commodity trading for five years as it tries to win governmental approval of the deal to acquire nyse euronext. according to "the wall street journal" i.c.e. may set up customer committees to advise on the new york stock exchange's soft commodity markets. thos

phil flynn at the see me watching the gold contract.ing nike getting her running shoes on. charles payne showing us how to make money on drugs. first, nicole at the new york stock exchange. nicole: take a look at the major market averages, dow jones industrials down after hitting an all-time high intraday yesterday. the s&p 500 not far off their highs as well. look at the major averages across the board, the nasdaq is the worst of the bunch. cisco systems a big loser on the dow jones industrial average. they downgraded to underperform. lots of tech coming under pressure. oracle a big loser after the quarterly report. cisco, ibm, hewlett-packard among the wee week names. the fear index to the upside, one after another, a way to save cyprus and make it through on the bailout, but right now that his latest on the floor of the new york stock exchange in new york. what is going on in chicago, phil flynn? phil: gold right now is back. everybody was writing off the yellow metal a couple of weeks ago. not so much anymore. take a look at gold, a

phil flynn is at the price futures group. concerned about china. sandra was just talking about that. >> there is significant headwind when it comes to china. let's talk about the calendar. this is shoulder season. prices usually start to come back down. u.s. demand is very weak. the man is at a 11 year low. from a technical view, there is no dow that the concerns about china are starting to have a big play here today. one of the markets that is going on today is natural gas. getting a nice little boost. it could be because of the new energy secretary. a pro- natural gas export guide. that is. therefore natural gas. the best news is gasoline prices. look at the rbob futures. right now, they continue to be down. they are down right now about another four cents right now. this is incredible. we have come down almost $0.27 in the last two weeks. that is good for you. maybe another nickel here by the end of the week. we broke that streak going up. back to you, melissa and lori. melissa: like you were saying, consumers can really use it at the pump. we h

phil flynn in chicago, what have you got? >> how about this natural gas report? billion cubic feet, about 20 more billion cubic feet than they were looking for, and a lot of it is because of cold weather. that drives the natural gas prices up to a 15-week high, and it may not stop there. we're hearing reports that some of the major power generators that burn more natural gas for electricity than ever before in the his right-of-way the universe plan to do the same thing. if coal gets cheap enough, a lot of investors thought they're going to go back to coal, but these big power generators are liking the gas play, and they can lock in these relatively low prices for the rest of the year. so big news on gas, weather today but power tomorrow. now let's see what sandra's looking at on the wizard. >> hey, phil. whether you're trading commodities or stocks where nicole is, you have got to watch these currencies because they play a big part in everything that we invest in. we're looking at the euro versus the u.s. dollar right now. up slightly, but this has not been the t

kt mcfarland joins me on the phone, phil flynn on skype, senior market analyst and with me now, davidsman. i will start with you, venezuela the fifth-largest oil exporting country tonight right now we have the oil market just opening, what are the oil market is telling us? phil: they are telling us we jumped up higher. despite the fact we have a bearish report from the institute as far as the supply depth. the market is uncertain what will happen next, who is going to take over, what that will mean for oil prices. gerri: all right, to you, uncertain what will happen. we had an announcement a 50-year-old bus driver will take chavez place. do we have any idea if that is true or what is likely going to happen? kt: for the immediate future, hand-picked successor will take charge. the question is how long can he keep it going? and will the system that chavez set up, recently robin hood, take the oil money, take our resources, cold, uranium, give it to the poor. but it is a fragile economic system. hight inflation rate in the world. one of the most dangerous, corrupt cities on the planet. w

i wear that how uniform that phil flynn wares. neil: don't tell me you didn't like it.udge, thank you very, very much . the judge, the real the autonomous a you know. sachs on a hike in the house and our role. new worries that one could be in a bubble that brings of crashing down. ♪ neil: stocks rocking in housing rolling, the two are not disconnected. just take a look at this chart, and you well know, they just keep -- tracked each other pretty well. as the dow soared to its highest level ever today. can we learn more about home prices and whether there will keep climbing? they have been working nicely in tandem. my next guest sorry that we could be looking at another housing bubble, which could call into question this latest dow record. the real estate expert. to you first. what do you think? >> i definitely think that we could have abubble brewing, as they say. investors are chasing the yield, so they are buying houses. now you'll than treasuries or anywhere else. buying houses to rent out. it is not end users that are causing the price increase. neil: you are swayed

i wear that how uniform that phil flynn wares. neil: don't tell me you didn't like it., thank you very, very much . the judge, the real the autonomous a you know. sachs on a hike in the house and our role. new worries that one could be in a bubble that brings of crashing down. ♪ the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beardrowing conte and go! ♪ win! what's in your wallet? neil: stocks rocking in housing rolling, the two are not disconnected. just take a look at this chart, and you well know, they just keep -- tracked each other pretty well. as the dow soared to its highest level ever today. can we learn more about home prices and whether there will keep climbing? they have been working nicely in tandem. my next guest sorry that we could b

cheryl: we have phil flynn, charles payne and nicole petallides. first, to nicole.an 100 points on the wall street yesterday. one quarter of 1%.that is about the s&p down a quarter of a percent. we are seeing drug stocks and bank stocks to the downside. the dollar still remains strong. the euro hit those close that we have not seen it november to one. what is interesting about the rally that we saw yesterday a bout of the defensive areas were the ones that were leading the ways. the things you really need to run this market would be the broker dealers. those have been turning and rolling over and pulling back a bit. that is the latest on the floor of the new york stock exchange. >> we are not even talking about europe. least not in the oil patch, anyway. we have been talking about supply and demand. look at today's inventory numbers. in lot of surprises. crude oil up 3.2 william barros. that is upside down. the big surprise is the inventory that includes heating oil, a massive drawdown of over 4.5 billion barrels. incredible. if you look at this report, based on exp

phil flynn at the trading pits of the cme.e money on computer chips, to be specific. first, nicole, on the floor of the nyse-listed the dow is trying to turn positive for the week. >> reporter: looking at this level. the dow, nasdaq i s&p, all remaining in the green. respond. people are buying across the board. still in the green. the level you want to watch to see whether or not we're positive for the week would be 14,514. you can see where below that 14,500 mark. as far as we're seeing in the dow jones industrials, majority of stocks remain well into the green. also watching the tech-heavy nasdaq and the s&p 500. it seems that cypress story, just not really front and center, at least at the moment. there will react. for the moment they're continuing to trend. the stock exchange. the upside. >> reporter: the oil prices are paying. it's actually affect the markets and for ways than you might think. optimism, getting a possible deal of the weekend, have your prices go up. you had to that, the wti crude futures were up $0.44. ge

dennis: phil flynn in the trading pits of the cme as gas prices are lower.s payne is making money on e-businesses, annie -- and nicole on the floor of the new york stock exchain. >> we were at 14426, and now we here at this level, each tick i watch the dow jones industrials because each tick is higher highs, new all time record, interday highs for the dow jones industrials. obviously, the bulls out there and the people at 401(k)s and iras are excited about the action to the upside, better than 6500 at the crisis lowss same token, a sense of caught here on the floor of the new york stock exchange. no one's shorting the market, but at the same time, they, obviously, agree the market is somewhat overbought. names on the dow hitting molt year or annual highses boeing the best, hitting a high, 3mj, disney, and united technologies are the other names on the dow jones industrials with the highs. that's the latest, phil, what's going on in chicago. >> i'll tell you we're saying it's about time, for the first time this year, retail gasoline prices fell, fell 5.5 sixe

melissa: fox business contributor phil flynn of price futures group is in the pits of the cme. >> i think you have to look at asia, really. numbers were very disappointing. later in the day, we got a number out of india that shows auto sales fell 25% from a year earlier. when you look at growth, you always look at asia. when you get numbers like that, it is pretty disappointing. we saw a pretty good ride in rbob gasoline prices. the whole sellers were panic buying this morning. phillips 66 had a power outage. look at the crude oil future right now. it was $91 at one time today. we have heating oil down. gasoline has reversed. down $0.2.03 on the day. natural gas, small prey keeping game. could be a sign that spring is coming. lori: my next guest warns investors not to forget about bonds. bill o'donnell. please do have you joining us once again. let's start with your take on the selloff last friday after the jobs report. >> the message of the bond market is expected a strong number, but it was stronger than even the most optimistic economists expected. we did see a good buy with a reach th

phil flynn in the pits of the cme.4.81 per barrel. >> they like it all of a sudden. they drove oil prices above $95 per barrel, but they were not so sure they would like this for other bailouts. that drove the market when the debt finance minister made that call. we would back below 94, down to $93.70. late in the day as word came out the banks were planning to reopen on thursday assuming they did that, we rarely do. you also have crude oil normally rallying this time of year. they will kick into high gear, and that will mean the demand for oil helping us out as well. dennis: the calendar says it is spring, but winter hanging tough, what about natural gas? >> has the fear about going above $4. they have been knocking on the door, but one thing i will tell you is we have seen hedge funds get into this market at the highest level in over three years and despite the fact it has pulled back driven by cool prices, there is something deeper going on in this market. if you look at the long end of the market it will come back

phil flynn of price future group. hi, phil, nice to see you for your take. investors flock to gold, about 1600 first time this month. >> why gold is hit hard over the last couping months is because we thought europe was fixed. obviously, not. there is the perfect play for gold. when you get a government taking money out of somebody's bank account, you know, in the name of austerity or fixing the bank, that is the perfect reason to go to gold. gold, of course, has been gaining strength in recent weeks on this news, obviously, back over 1600 an annals. we're even -- on amounts, and it's even a bit higher. some say we overplayed it, the markets coming down again. i heard that about greece about 57 times. look at the copper market. this is another interesting market when you look at, you know, the strength of the economy. it's down right now nine cents, a huge move for copper. we're a little bit easier, so it does raise concerns, of course, of how the overall economy's going to do, and that's why the markets are coming down right now on the copper. the industria

fox business contributor phil flynn is in the pits of the cme. what are traders saying about this? >> mainly because of seasonal reasons. what is even more amazing about this story, this is the most compliant opec has probably ever been. maybe they found a little bit of religion into the marketplace. maybe they will have to face each other at an opec meeting in may. opec is all on. most compliant before a meeting or when demand is relatively low. they are not selling off. on the concerns about cyprus. some stable prices there. the biggest story is in the grain markets. there is a kickoff to the summer planting season. not on the planning side as much, but really on the carryover. the biggest surprise is corn. a few weeks ago, with the corn market, people were paying a dollar over the price. they could not find anywhere. the supply is much higher than average. limit move to the downside. corn coming out of nowhere. back to you. melissa: the markets are taking a string of weaker data inside. it was barely missing the estimate. initial jobless claims rose by 16,000. the pace of busine

phil flynn of price futures group is in the pits of the cme. il, natural gas hitting $4 earlier, something we haven't seen since 2011, right? >> oh, yes. i was so much younger then. i remember it well. [laughter] pretty k350eu9ing stuff today. and i'll tell you what, if you look at natural gas today, we have pulled back just a little bit, but not as much as you might think. you know, despite the fact that we sell 62 btfs, we were looking for a drawdown of 70 billion feet, if you look at the big picture, things are tightening dramatically on the supply side. supplies of natural gas are now about 21% below where they were a year ago, and for the first time in, like, a year and a half the five-year average we're below double digits. we fell below 10 percent. so that's huge. what does that mean for oil? not a heck of a lot. oil's focused on concerns about europe, are they slowing down, are they going to get a deal in that part of the world? and right now it's actually taken a toll on oil. we have fallen pretty dramatically, and it seems like we're a

melissa: phil flynn, thank you so much. >> thank you. dennis: the vix trading at low levels not seen in nearly six years. is this a positive indicator are just that investors are getting complacent? sandra smith has it in today's trade. sandra: it has often been a contrarian indicator. when the stock rocket goes up, the vix goes down. the s&p 500 now flirting with closing highs. look at this. down 3%. it is already sitting near its lowest level in years. we have seen it sustained above 20. this is historically very low. if you go to the year chart, you will see we are trading at the lowest levels over the past year. people are just not nervous right now. the only thing that is making people nervous is the fact that nobody is nervous. we are now at a level in the vix that we have not seen since before the financial crisis. we are at the lowest levels we have seen since we entered the financial crisis. with that being said, our quiz did research and said do not necessarily use this as a contrarian indicator. often times when the vix would

fox business contributor phil flynn in the pits of the cme. what is pushing oil lower?? >> the price of gas is coming down, and it will come down. you know, i think we have broken the bubble on the gasoline run-up in price. the reason we saw those prices drop so dramatically, the shortage of supply on the east coast. the lack of pipeline capacity. refining issues all around the country. guess what, those refineries are starting to an -- tip back on line. big bills in gasoline supplies. now, thank goodness, we have seen a big break in the price of crude oil. crude-oil prices, the lowest level of the year knocking on the door of $90 per barrel. for every dollar that oil falls, that's about two and a half cents per gallon. so the good news is we have come down. so look for a 14-cent pricing gas. ashley: the governor of michigan declared a financial emergency in detroit. it is an effort to save the city from its longstanding financial problems, including a $327 million budget deficit. is a mess. we're joined now. >> worse than three under and 27 million. $14 billion in the

tracy: we are certainly living longer, phil flynn at the cme, jump in on this now.hat is the commodity market doing in reaction to this? >> the biggest concern for the oil industry is the possibility that the government will not approve new project. that is the big issue. we heard from can salazar, if this doesn't go through we are out. what is that doing to the market? not a lot. the market is focused on demand, demand out of china, weak manufacturing data, the lowest levels since new year's eve, the lowest level of the year down 1929, we did get a little boost of of the u.s. data, the manufacturing data came out, we came off of those blows a little bit but now we are going back down, a report that iran has taken fourteen million barrels of oil, ready to go somewhere if they lift some sanctions. that took away the momentum. we also have our box down, hit a new low since january but bouncing back a. consumer confidence was up. if people are confidence with high gasoline prices maybe we can afford it. dennis: charles payne, fourth quarter gdp barely grew at all, pers

flynn. the director of the national counter-terrorism center, matt olsen. and ambassador phil goldberg. thank you for your statement, which i have read. it has been submitted and we very much appreciated. it is clear of the threats to the united states are many. they are diffused and complex. we face a continuing threat at home from terrorist attacks. most notably from al qaeda in the arabian peninsula, but also from homegrown extremists, including the attempted times square bomber. it is notable that the statement for the record includes assessment that, due to recent losses, the core of al qaeda and pakistan is probably on able to carry out large, complex attacks in the west, although its desire to do so has not changed. this appears to be a stronger statement than in the past about the effect of counter- terrorism operations against al qaeda. since last year, our staff has been keeping a tally of terrorism-related arrests in the united states. with the arrests, on march 5, for conspiring to provide support for terrorists, there have now been 105 terrorism- related arrests in the unit

flynn. the director of the national counter-terrorism center, matt olsen. and ambassador filled -- phil goldberg. thank you for your statement, which i have read. it has been submitted and we very much appreciated. it is clear of the threats to the united states are many. they are diffused and complex. we face a continuing threat at home from terrorist attacks. most notably from al qaeda in the arabian peninsula, but also from homegrown extremists, including the attempted times square bomber. it is notable that the statement for the record includes assessment that, due to recent losses, the core of al qaeda and pakistan is probably on able to carry out large, complex attacks in the west, although its desire to do so has not changed. this appears to be a stronger statement than in the past about the effect of counter-terrorism operations against al qaeda. since last year, our staff has been keeping a tally of terrorism-related arrests in the united states. with the arrests, on march 5, for conspiring to provide support for terrorists, there have now been 105 terrorism- related arrests in