energy analysts and fox business contributor phil flynn is at cme we're holding levels we've not seen in a long time, phil. >> they are, you wouldn't normally think with a big selloff in the stock market you would see these prices start to break. it is not happening and i think it is not happening because there are geopolitical risk in the time of year. oil susceptible are to move highers. seasonally very strong. switch over to summer blends of gasoline. we have all the things going on with russia and ukraine and that is rockin'ing the market and keeping it well-supported. melissa: phil flynn, thank you so much. when money talks, everybody listens, that includes silicon valley wonder boy elon musk ever tesla. we were first to talk to the attorney who is filing a lemon law suit against tesla. here is what he had to say yesterday in our exclusive interview. >> tesla is a very difficult company to sue. they're a dictator. we're saying that we can file this lawsuit in wisconsin and other consumers across the country don't all have to take a trip to california just because elon musk wants

phil flynn is on the floor. fill phil, what is going on?ks like they're trading to me. >> the place has come alive. pits are trading and but computers are down. traders normally trading online to trade grains to get out of the positions before the pits closed which happened right as we went on the air. these pits were totally empty a few hours ago. there were one or two guys. everybody is doing a lot of grain trading online. , when the agriculture went down this place came alive. right now technical issues according to the cme have halted corn, wheat, beans, theater cattle, hogs, cheese, random length lumber, basically all the ag markets done online. pit trading went on. they went to their pit close which is 1:00. the grain is at 1:15. but a lost traders had their relearn their hand signals because they haven't used them in so long came back online. cme says they have a statement it is a technical glitch. they're looking into it. hopefully it will be back online but if you did not get out of your position before this pit closed, right now y

let's bring in phil flynn on if ukraine is getting pushed to the back burner now. othing like the inventory to call concerns. we saw the market will back but still a lot of fear on the market. we still have some risk premium built in. leading the big rally we have seen in oil, the market is still nervous about ukraine, but when we have a big bill in inventory to hold it off. melissa: we are bringing in this story because it affects you at the pump. does it feel like ukraine will come up again and move this even higher? >> that is the main reason were elevated. 17 different reasons to fall lower today. weaker chinese economic data. news of libyan exports returning soon and yet it was the 10 million barrels bill that caused us to turn negative today. i think of it wasn't this ukraine issue, we would be somewhat lower than where we are right now. melissa: i will give you the last word, where do you think we are headed? phil: we produced 8.3 million barrels of oil per day. the highest since 1980s. things calm down overseas, where going a lot lower. hate to be short this

fox business's phil flynn joins me now.utures analyst for price futures group. >> nice to be here. gerri: six-month high on gas prices and we can blame ethanol, is that what you're saying? >> absolutely. tell you what. it is kind of ironic, the reason we started to put ethanol in gasoline was reduce our dependence on foreign oil. we couldn't produce enough oil. oh, my gosh we have to do something, which have to have a homegrown product. all of sudden the u.s. will be one of the biggest producers of oil for the world and taken rail space away from ethanol. we're moving oil instead of ethanol and driving up the price of ethanol. it is crazy. gerri: that is what is driving ethanol price higher? it can't find a railroad car to get into to get into market? >> that's it. you know what? when we had the cold winter, it is little-known fact when you look at railcars, there is one commodity takes precedence over all or the forms of commodities and that is cold. when we had cold winter, demand for coal is high. the big coal guy says w

these guys, if you heard phil flynn in the two p.m. came pouring out of their offices and ran down to the pits to start trading because globex was not working. now it's working. drama over. >>> in a market where some high flying technology names have been brought back to earth, one stock signal remains very strong. this is a specific semiconductor company called skyworks solutions. it's up more than 65% over the past year. about 25% higher year to date. according to its president and ceo, dave aldridge, many investors still underappreciate growth potential for tech's biggest trend, and that's the internet of things. that means if you buy his story, you may want to get in on stock. joining us to explain it is skyworks ceo and president david aldridge. we've covered the internet of everything quite extensively from if our three days in the valley, silicon valley coverage to just every day talking, and we talked a lot about it in davos. but how do you see it? how do you see a real opportunity for you to capitalize on all these connected d

halt electronic trading on several agricultural contracts, that forced traders, you may have heard phil flynnn tuesday, run out of offices away from computers and revert to the old open outcry trading method, right? that got us thinking what are some of the benefits of knowing hand signals but is it a dying art and should it be revived especially when we know the computers can go haywire? we asked two of our favorite traders to come in and talk about, show us hand signals. scott shellady, and mike mcheartland, mack that nara. you are long-term traders, been around forever. scott, when did you start learning hand signals? how old were you? who tout them to you? >> i was 23 yearsed 19988 i had to learn them at a firm in the pits. 26 years ago i learned them. liz: he made one when he went like this. that was a sign. mike where did you talk to a '88 i was 26 as well. it was same way. as a clerk, starting out you had to get in game somehow. you had to start out as a clerk work your way up to the broker. that is where you learned hand signals. >> to know these. scott, was it like in the pits on tue