sandra smith at the cme. sandra.tch shut down the trading systems, both in their electronic and therefore operations are closed, remained closed and never opened this morning. we've just confirmed there has been no trading of options. chicago board options exchange. no trading of their options which includes the s&p 500, the vix options we talk about very often. all options have been affected, we know that at this point. the systems are still down. there was some confusion earlier because the exchange put out a notice saying trading would resume, note that never happened. the system is still down, there is still no trading at the exchange at the floor. working on getting things back up. they will notify us immediately when that happens. it has not happened yet. we are not releasing what exactly has caused this problem. we are on the phone with them and we will let the you know. cheryl: sandra smith of the cme, thank you very much. here in new york at the dow higher by 65 points. nicole petallides live on the floor of

melissa: sandra smith. thanks so much.thought congressional members and staffers realizing what the affordable care act means for them and they don't like it all that much. melissa: that's right. lou dobbs is here next as congress considers exemption. take a look at some of today's winners on the nasdaq as we head out to break. friday night, buddy. you are gonna need a wingman. and my cash back keeps e party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. lori: so capitol hill sources here are confirming to fox business that lawmakers from both parties are looking for ways to actually get this exemption from themselves. melissa: unbelievable. lori: from the president's health care overhaul. now the concern is for staffers to who make $20,000 a year and will have to fork over thousands. but how is it any different from small business employers -- ememployees who have to pay for the law.

sandra smith has the latest in today's trade. are actually hider in today's trading session. flirting with $1400. gold prices have lost 7%. they have fallen over $100 per last friday they closed over $1500 an ounce. it will average $1450 average next year. copper is one of the worst performers on the cme right now. it has had a heck of a week. we have inventory reports that inventories are swelling to the biggest levels and 2003. back to you. dagen: thank you for that. sandra smith in chicago. connell: most businesses are shut down in boston. dagen: we are waiting for that press briefing. we will bring you that as soon as it begins. ♪ 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. how old is the oldest person you've known? we gave people

sandra smith joins us now. sandra: i am seeing that again hitting multi- year lows.itigroup both out with notes this week. there is a major decline in interest. that being said, take a look at gold prices right now. down four dollars. about $40 from last week's trading session. you have a decline in gold price. right now, barclays is think that is the single biggest threat to continued the client in the price of the yellow metal. keep that in mind. back to you. dennis: thank you, sandra smith. cheryl: where are the bulls today? what you need to know now. dennis: buying up 200 foreclosures. we will introduce you to one small business owner fighting to save his small town. markets now continues next. ♪ for over 75 years people have saved money with...ohhh... ...with geico... ohhh...sorry! director's voice: here we go. from the top. and action for over 75 years people have saved money with gecko so.... director's voice: cut it! ...what...what did i say? gecko? i said gecko? aw... for over 75 year...(laughs. but still trying to keep it contained) director's voice: keep i

dennis: thanks very much, sandra smith. now to the latest from boston.khar tsarnaev, is conscious in a boston hospital and reportedly responding in writing to questions. he can't speak due to a neck wound that may have been self inflicted. republican congressman peter king of the house homeland security committee wants federal officials to explain why the suspect's dead brother was released by the f.b.i. after they questions him in 2011 at the request of the russian government. and boston is getting back to normal and we're joined by a small business owner whose stores lost nearly $70,000 last week. she's c.e.o. of dependable cleaners. i'm glad your or deal is over. how many dry cleaners do you own in the area and how many were affected by the shut down? >> we have 16 locations in the boston market. and also offer home delivery services in about 30 other towns. and four of our locations and seven of our delivery routes were impacted by friday's shutdown. the two newberry street stores were the most affected through the whole week from monday's bombing up

cheryl: sandra smith standing by. word of the day from you. >> there were more losers than winners but there were about as many and copper prices plunging through that we could see fat -- further selling not only the u.s. as a global economy but a big energy report to heating oil prices of big loser reporting the lighter than expected demand for the distillates and that continues for out of five trading-- hitting the four month low crude prices falling as the u.s. output debts with the 20 year high. then that shows the commodity winners on the session and agriculture is very strong. a lot of this is seasonal demand the barbeque season begins also natural-gas is higher by about half a percent. cheryl: more breaking news to fox business that jones has downgraded the credit rating from the a-plus down to the a. the asian markets are closed but this could be a big meaningful to the down side for those german stocks. that begin jones has just downgraded germany. of course, bear the financial leaker -- peter with ngela marc

sandra smith looks from the smith of the cme. sandra,,what is causing this weakness in gold today? >> well, there's been so many things. you had a strong equity market. you had a lot of the money come out of gold into the stock market. you had a stronger u.s. dollar that's lessened demand for gold as an alternative investment, but now you just got investor demand that's overall week, and as you heard the guest say, gold and silver have been decimated so far this year. really under performing the broader market, gold price's down 6% so far this year. gold down another several bucks in today's trading session, four bucks at 1572 an ounce. you got a decline in investor interest, and the u.s. dollar story a big one. we put together a chart that really shows the story that is growing over the past two weeks. gold prices have gone down 2.2% over just a two week period. at the end of the chart, there's a divergence in the u.s. dollar that's strengthening. up a half percent. stronger dollar, weakness in precious metals. that's happening there. barclay's capital weighs in this morning in a

sandra smith in the cme. dra, especially metals, gold, silver, by percentage leading to these declines. a lot of reasons causing the breakdown of precious metals but what are you hearing there. >> the easing of inflation concerns drove up the price of gold. weaker china story with gdp coming in much weaker than expected. you have a stronger u.s. dollar. you have this massive levered liquidation in all commodities across the board but gold and silver getting the brunt of that, guys. we're down $13 in the front month gold contract -- $138. i confirmed on cme website the gold futures contract and most active contract is hitting record volume as we speak. we already topped the previous record for a single day of trading. that is just in the electronic session. not even combined with the pit trading session. so you're seeing huge selling on heavy volume in the gold contract. melissa is right, silver on a percentage basis down even more, down 11%. copper, industrial metals, they're also getting hit hard today. guys,

sandra smith. sandra: really interesting trade going on here with gold. a lot of the big wall street firms, despite this run-up in prices today, gold up, this is a long turned downward trend that we are in. this is according to citigroup, also goldman sachs joining. citi private bank says it is getting out of its goal position altogether. they are getting out of the gold trade. it looks like there could be further room to the downside. lori: natural gas hitting a 20 month high. >> natural gas is the best performer on the cme group. more than a full percent. we have colder than normal temperatures rolling across the united states. a lot of folks in the east coast are pumping up the heat. you also have a report out from the energy administration reporting a 14 billion drop-down in natural gas supply. that was not as big as expected, but still a significant drop-down and supplies. that is the highest price that we have seen for natural gas in nearly two years. lori: great perspective. sandra, think you. melissa: $1500 per employee every year. that is about t

dagen: sandra smith has today's trade from the pits of the cme. sandra.g right on not $1500 an ounce mark. the yellow metal selling off hard today. gold right now, by the way, in bear market territory. gold right now down 21% from that $1888 mark that it did back in august 2011. it is in bear market territory. by the way, down on the day, down on the week, down 5% so far this week, down on the month and, obviously, we are significantly down from those recent highs. we are getting strengthening in the u.s. dollar. you also have a play in the equity markets. the investor money coming out of gold into the stock market. people are chasing the dollar. right now they are chasing the gains in the stock market. that money coming out of gold. by the way, silver also down about 5% right now. it is a sellout and commodities across the board. their lowest levels since last july. everything down across the board. gold is believed the spotlight. down $65. back to you. dagen: sandra, thank you for that. sandra smith. connell: the bitcoin market. we will take you to a ba

sandra smith in the pits of the cme with today's trade.> well, masters might be on but there is definitely a lot happening in the markets down here. we're looking at commodity markets right now. gold prices plunging $62 as we speak. they had been below $1500 an ounce but right now just above there, 1502. dramatic selloff in the precious metals. not just gold, silver getting hit hard too. down about 5% in today's trading session. the new trade is own the u.s. dollar and flee out of precious metals that is the result of the unwinding of that trade. a lot of traders down here talking about the fact they expect that trade will continue for some time. obviously this is sort of a weekend trade as well. a lot of folks putting their money in the u.s. dollar. while the equity market is down today a lot of money has been flowing into the equity market over the last several weeks and last several months and coming out of the yellow metal as well as silver. gold as of today, down, 5% pr for the week. down 20% of the all-time closing high of 1888 reach

nicole petallides, sandra smith at the cme.to first solar, a line on the real positivity that the markets are seeing today. >> there's no doubt about the fact that we're seeing this momentum to the upside. it takes a lot of the traders by surprise. they can't quit it, right? you can't fight the tape. the market continues to run higher, the dollar is weaker, and you're seeing gains across the board and setting new records for both the dow jones industrials and the s&p 500. and now i'm going to get to first solar, a name that certainly has been grabbing attention on wall street, it's up over 40% as we speak. it's a name that has hit volatility pauses throughout the day. they gave guidance that was better than expected on both revenues and earnings per share, and there's a big short squeeze. so they're rushing to try and cover. in the meantime, in the last half hour or so some more headlines broke on first solar that they're going to buy tetra sun. the terms of those deal have not been disclosessed, but that will continue to be ba

joining me now is fox business network sandra smith.u literally grew up in the commodities market. this has been a pretty wild week for commodities and led by the headlines of gold. is this volatility going to stay? are we heading lower? are we heading higher? what do you make of this? >> from a trer's perspective you want the volatility to stay because that means more volume, that means more business. so certainly volatility would be a good thing from a trader perspecti perspective. from an investor perspective, that volatility can scare a lot of folks. when it comes to the commodities world, the commodities market, you have to decide if you're in it for the short-term or long-term. if you're in it for the long-term, the population is growing. there's more mouths to feed. that's more grains that will be needed. more people are moving off of farms into cities. that means more homes will be built. more cell phos will be used. guess what, all of these things require commodities. these raw materials. so, you know, if you're an investor loo

sandra smith is in the pits of the cme.ith nicole down at the new york stock exchange. nicole. >> ashley and tracy we're seeing back and forth action and now all three main sqor averages with up arrows with the s&p 500 fraction alley away from the all-time intraday high. that will be somebody to watch going into the close. the dow is up 17 points and the nasdaq has broken out and moved to levels that we haven't seen since the year 2000. there is nice one-month chart for the dow jones industrials. all three of major averages remain to the upslide for the month of april. you can see you do have up arrows for all of them there. the s&p and nasdaq th acom chart for one month. on wall street american express express and ibm are uping their dividends. dividend stocks are hot. apple whichcontinues to gain, six out of seven trading days up arrows there. best buy is really a winner today. up over 8% at any given point some there are plenty of winners to speak of but the pressure remains on a name like pfizer which has been weighing

dennis: thanks very much, sandra smith.en the tv cameras come on or is it like that all the time? cheryl: this is an interesting story i thought you might like. twitter has announced it will allow advertisers to create targeted ads based on members''s tweets, usually shown to the target as seen in the mail and some analysts predicting ad revenue to hit 1 billion this year. and the new targeting platform of advertisers and the right moments and the right context. and new way to target, i like that. dennis: many had the creepy feeling one at a friend sent you a private e-mail talking about problems on the dog and and an ad hoc support employment lawyers it is a little creepy as if google is watching you. i wonder if it will be an equally creepy thing. if you look at the content on twitter, the words might bring adds for porn or something. cheryl: like you are hash taging super bowl, advertisers from the super bowl will follow, might be a good thing. dennis: high-profile democrats calling obama care a train wreck. lou dobbs we

joining me now is fox business network sandra smith.ou literally grew up in the commodities market. this has been a pretty wild week for commodities and led by the headlines of gold. is this volatility going to stay? are we heading lower? are we heading higher? what do you make of this? >> from a trader's perspective you want the volatility to stay because that means more volume, that means more business. so certainly volatility would be a good thing from a trader perspecti perspective. from an investor perspective, that volatility can scare a lot of folks. when it comes to the commodities world, the commodities market, you have to decide if you're in it for the short-term or long-term. if you're in it for the long-term, the population is growing. there's more mouths to feed. that's more grains that will be needed. more people are moving off of farms into cities. that means more homes will be built. more cell phones will be used. guess what, all of these things require commodities. these raw materials. so, you know, if you're an investo

tracy: sandra smith, good and bad to all of it i guess. thank you.ur first guest says last week's market route could signal the end of what he calls investor complacency. jeff klinetop, market strategist at lpl finance . before we get into that, here is what can happen at markets. erroneous report from the associated press that got hacked. my oh, my, the reaction was dramatic, wasn't it? >> markets are becoming sensitive. for years it was easy for a fake press release to hit an individual stock. with twitter and social networks the ability to pr bomb a whole market is now available. the reaction was very interesting. we are seeing more of a reaction in the markets to some news flow that has come out. china's gdp last week, some earnings reports ibm, bank of america. some of the news flash today, you tend to see more of a defensive market, one a bit more jittery through much of the climb over the last three months, might suggest we're near a turning point here in terms of investor complacency. ashley: that is interesting. this is liquidity driven bull

sandra smith in the pits of the cme. sandra. >> this is spike in the vix. it is above 17.he highest level we've seen in a couple months going back to the week we were headed into the sequester deadline giving you an idea of heightens fears in marketplace. he maybe can answer the question, average joe.com. what is the vix trying to tell us in the 20% spike in today's trading and the weak? >> we may be seeing a shift in the market. we look like we're a little toppy here. maybe this is signal the market is reaching a top. maybe we're getting some fear. there are options buys coming in which shows the vix rise and maybe a change in direction. >> you're having skin in the game. you're trading the vix. what is your position? >> i'm long the vix calls. >> meaning what. >> i think the vix will go higher here, which i think the market will go lower here. this 1550 level on the s&p is my key indicator f we stay below there, looks like the vix will be up in the 20s or higher going into this weekend. >> average investors should they play in the market in the form of vix etfs? are you

connell: let's go to sandra smith at the cme. n an intraday basis with corn charts. caterpillar, deere, they are all watching what will happen with this planting season. and intraday chord chart will show you what has happened with the day. there are a lot of forecast coming-out weatherwise. cold, wet weather has rolled through the midwest. there is concerned that we will not get to plant as much corn this year as originally predicted. we are up on the session. core prices already down about 8%. this is an ever-changing world down here. a lot of these agriculture commodities are moving on this. corn is up on the session now. soybeans and wheat still both lower. soybeans down about $0.10 on the day. volatile environment. i always remind everybody, we are not just watching the commodities themselves, this affects a lot of stocks. we are watching all about for you. connell: the dow has market loss. cheryl and dennis are coming up as market now continue. how to fix this twitter problem. that is coming up next on markets now. ♪ [ femal

we want to start off in the pits of the cme where sandra smith is standing by. ction to news out of boston? sandra: we are watching the markets, some what online from trades that happened earlier in the week, gold prices slightly higher, crude prices pretty much flat, and they were very volatile all week, taking a little bit of a pause but to quantify how volatile these markets have been, i put together the numbers for you the biggest numbers on the week, day percentage change, silver prices down 12%, gold prices down 7%, nearly $100, and in september of 2011, copper price a reflection of the week call for the global economy, china news earlier this week, bearish, copper prices down 6%. if you're looking for gains, the agricultural sector saw some, and, and natural gas of 4 present. and someone you did the action in today's session. and $100 from the close of around $400 a troy ounce. and gold will average 1450 a troy ounce, in 2014. we also see reports of stronger jewelry demand, gold has come down significantly, some buyers stepping in at these levels and coppe

sandra smith has today sprayed -- sandra smith has today's trade.osition, as far as oil traders go. sandra: serial obviously led to the earlier rally we saw. a lot of buyers were starting to step in. we did top 93 yesterday. we are down about $1.50 in today's trading session. those gdp numbers, oil traders were saying all week that would be the major focus of trading this week. those numbers d indeed miss the past two trading sessions. there was widespread speculation that we would get better numbers on the u.s. economy for the first quarter. that was not the case for the month, by the way. -@year to date, oil still hangig onto a gain of about 2%. cheryl. cheryl: the spread between wti and between brent. it was wednesday. that spread was tightening. how are we doing today? >> it is still narrowing to about $10. this is the lowest we have seen this spread. we are definitely seeing prices come down. year to date, crude prices up 7%. those numbers are coming closer and closer together. back to you. cheryl: sandra, thank you. with from the pits of the c

the trade, gold, sandra smith. >> i'll take it from there, dennis.unnup last week. gold up 14 bucks at $1467 an ounce. low levels we've seen the past several weeks but finally gold snapping a four game losing streak, finishing higher last week. we're seeing that bullishness continue today. last week was the best weekly gain since 2011. however, year to date, all you gold bugs, gold prices still down 13%. but what's happening today, what's building up over the past week in this bullishness is that there is expectations that key central bank will continue this easy monetary policy. if that happens, you get a weaker u.s. dollar and you get strength in other currentry $ that allows other currencies to boy more gold. gold and silver way up today in the face of hsbc and ubs cutting their 2013 gold and silver forecasts. so just to give you an idea of how much the buyingers really want it right now. back to you. dennis: thanks, sandra smith. cheryl: u.k. debut phones went off the shelves this week. many committees rem u.s. launch. dennis: melissa and lori ar

scott martin, fox business network sandra smith. sandra, what can we expect?u know, i don't know that -- there's not too many people calling this a myth as far as folks i've talked to on the trading floor following the report. you look at the profit, they beat by a clean five cents. that's pretty good as far as what expectations were concerned for the overall. profits looked good, revenues fell slightly short of wall street, estimates that there's a little bit of concern on the street on that. one big note is that they're talking about increased, aluminum demand. that was what everybody was looking for and neil, they're forecasting aluminum demand to be up 7% in 2013, mostly because of airplane orders. remember, that's what this stuff goes into. building those airplanes and they are forecasting that there's going to be more need for it. that's somewhat of a good sign. >> we were talking in general scott, about how alcoa kicks off this parade. what kind of parade do you think it will be for companies the first quarter this year when all is said and done? >> kin

sandra smith joins us with today's trade. one thing i want to point out off the bat is we have confirmed down here on the floor that volume could be reaching a record high traded in the most active gold contract right now which is the june 2013 contract. over 500,000 contracts have exchanged hands. that would exceed the record that we saw back in november 2012 for gold contracts. look at the activity down here on the trading floor. every pit on the floor watching what's happening in the trade today. gold down 9%. possibly on track to see the biggest selloff since gold began trading on the future exchanges. silver down 11%. don't ignore that fact and we're seeing the selloff in the industrial metals. copper down 3% right here. you can see the activity heating up. out with the weekly report today showing that amid the selloff last week in precious metals, hedge funds and other large speculators were actually adding to the bullish positions by 19%. so something to note that in the background of this selloff, we have seen the larg

let's get right to sandra smith. she is in the chicago mercantile exchange. : from palm trees to snow that is expected in the state of iowa. that is causing some concerns for planting. in today's open outcry session, corn prices closing limit up. they rallied the most they can rally in a single trading day. corn, soybeans, wheat all skyrocketing in today's session. we may see another rally tomorrow. farm equipment companies doing well today. also watching gold prices. gold up $15. there are widespread expectations that central banks around the globe will keep these. oil broke its losing streak. that to you. liz: i do not want to rub it in, sandra, but here is a look outside our window here. why do we ever leave california? it is just gorgeous around here. no wonder everybody comes here. it is so much easier. listen, we will take both of them. they both have gigantic gatherings here in the united states. let's get to some political news. president obama has tapped its transportation secretary nominee. rich: at an indoor ceremony, because it is raining at the wh

dagen: sandra smith joins us from the pits of the cme. sandra: folks are on edge.rading floors. when you take a look at the mix, the fear gauge, this is a prediction in the marketplace of expected volatility over the next 30 days in the stock market. it uses s&p stock options to measure about volatility. there is heightened here in the marketplace. it is up more than reports. you are looking at a double-digit percentage increase. this is a huge spike. we saw a lot of complacency in the stock market. it has been very low for a long time. the stock market kept hitting record after record. now you are saying that volatility expectation. we are seeing big spikes this week. also, investors who do not want to buy in general, they are buying the vix in the stock market. if you throw up some of these hot boards, these are various forms of the vix in exchange traded products that folks are trading out there to own the volatility in this environment. if you are fearful that they could be a big swing to the upside or downside and you want to protect your portfolio, there is a

sandra smith still in the pits of the cme.ith nicole at the nyse. >> tracy and ashley, you're absolutely right that economic report pertaining to gdp came in lighter than expected so the growth we saw under what the analysts were hoping for, the economists more notably. with that that really puts a damper on things. had the gdp done better we would see a better picture on wall street. dow jones industrials up 16 points. led by names of hewlett-packard, boeing, merck, chevron which cale came out with their quarterly report. tech-heavy nasdaq down one-third of 1% and s&p. if they close with down arrows today, they snap that winning streak that we saw. want to do some comps and look at s&p versus the nasdaq to try just to give you a glimpse how we've done this week. despite the fact you see we're not too far off the unchanged lines it is worth noting that the dow is up over 1%. s&p is up 1.7%. this is for the week. and nasdaq, best of the bunch, up 2.3%. we'll continue to follow a lot of names that come out with bits and pieces o

tracy: sure is, sandra smith. thank you very much.elections and other geopolitical risks fuel volatility in oil markets. joining us now, energy expert and due cane university, kent moore. thank you for joining us. don't short crude is what we heard from a trader at the cme. why is oil moving high or at least appears wanting to be moving higher when we have a surplus now? >> well, it's an apples and oranges situation, but, essentially, a geographic one. we're beginning to see constrictions with spare capacity concerns in various parts of the world, and that tends to be overshadowed looking simply at western europe or north america, and we look at our supply surpluses thinking that, well, because there's surpluses here, the prices shouldn't be that high. in point of fact, however, this international market for some time has been driven by demand and supply considerations in parts of the world other than the developedded countries, and that's beginning to show itself more apparently over the next couple days. ashley: interesting, isn't i

tracy: sandra smith, thank you very much. >> thank you.oming up the consumer financial protection bureau wants to he no how you use your credit card and if you overdraw your checking account. what the heck are they looking for? we have the answer. tracy: let's look at winners and losers on the s&p 500. we're talking about it. it is testing lows of peabody energy corp, charles payne favorite up 7.2%. we'll be right back. >> taking a look at the dow theory and you can see a lot more red than green. let's head to the floor of the stock exchange. nicole petallides standing by. little bit of a slowdown to the downside. nicole: i am taking a look at a name like a real winner, taking a look at automation, u.s. auto dealers group, you see it is up 2% but better than expected profit and that is the best quarterly results and increased demand for new and used cars, revenue rose 12% above what analysts estimated. great news for auto nation pushing it to the upside and keeping a close eye on american express, first quarter profit rose 2% and beat the

cheryl: sandra smith. >> we're enjoying it.e grilling season, commodities, she's got it all happening in chicago. dennis: and the dow a little positive which i'll take. next up, fallout from the twitter. bart shillton has an interview. cheryl: harsh words for congress. 100 days in the second term, president obama is criticizing lawmakers' inaction. dennis: we have the economist who says google trends can predict the market's next move. the search for answers coming up. melissa and lori are next. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. a body at rest tends to stay

we also have sandra smith. i want to mention a big move on boeing at the moment.put the 787 dreamliner that had battery problems back into service may 31st. they're fine with it at united. nicole, you first. what is moving. >> that is great news there for boeing. this back and forth market we're seeing right, that started back on the 19th of march and continues to do so. we haven't seep that since the late '70s. i want to look at general electric which is up 3/4 of 1% right now. ge big move here. this is because they have confirmed that they are buying lufkin for over $3 billion in cash, .$3 billion. this is in order to further ge's oil and gas business. they have been building up obviously in these areas. they have been doing a lot of acquisitions. and so we're watching lufkin which is 38% premium to the prior close this friday that is what we're seeing and this stocks has been up so big news there. liz: i remind people about lufkin. you may be saying who? over the last 10 years it is up 1200% for that stock. i want to get to sandra myth. hey, sandra in chicago.

totally separate stories but nicole petallides is standing by at the new york stock exchange and sandra smiththe cme. now you get it. both of them will pull these apart to talk about them. nicole: let's grab it down here and look at what we're taking a look at. at&t to the downside, down 5%, dragging on the dow, came in with earnings, seasonal decline in smart phone sales. the first quarter was pretty quiet. they talked about strong sales of apple, iphone 5, smart phone subsidies to way down on the margins. you know these guys don't make that much with the iphone so it does hurt their numbers ultimately. we are seeing it on the dow jones industrials, the telecom name the watch and yesterday it hit an annual high of $39 but today pulling back below $37 that year to date at&t is a winner of 10%. that is the latest on the floor of the stock exchange with at&t and a little bit of apple. >> we're launching a lot of green arrows as far as commodities are concerned, crude oil the top gainer on the cme today, right out in after hours of $2.40. we are looking at crude above $91 a barrel, some talking

sandra smith is with us. >> i think one of the biggest questions after listening to you tonight is havedo we gone too far? do youca think >> what would be your top legislative priorities? >> we've got to get the economy working again. productivety rather than mindless jobs. >> when you say things people don't want to hear, there is usually an effort to delegitimize the speaker. were you concerned? >> i wasn't concerned because there is nothing they can do to delegitimize me. there is no skeleton they can find. they're going to try. good luck. >> you actually said in one of your speeches live a clean life a and don't worry about what you said three months ago. >> in one time you had ronald reagan speaking against the a.m.a. >> only 23% of tkofrbgts belong to the a.m.a. they grab those and say this represents the a.m.a. >> i'd like to know how you would solve this problem as a doctor and president of the united states. the obama health law empowers the federal government for the first time in history to dictate how doctors treat privately insured patients. even if you bought a plan like an

sandra smith has been on the cme floor. what were the traders thinking when this hit the tape? ra: i want to pan over to the trading pit, they have been with us since this occurred. a lot of activity. this all picked up on the news reports, all the tv screens went the explosion in boston, speculation is the key word right now. speculation is on the table the possibility of a terrorist attack. the market is pricing in that possibility. reaching their lows of the session following these reports. gold hanging onto those losses, but treasury market certainly a place where people are watching right now because treasury yields were hitting four months lows prior to this event happen. we have a date in the treasury market as we speak. again, merely speculation, but traders as you can see clearly reacting to this news and until we get some sort of news, the s&p 500 futures pit closes at 15 after, 4:00 eastern time. they reopen an evening session and many traders will be glued to their trading screens in the evening. just spoke to john brady, obviously there is regulation this could be t

the woman who always knows, sandra smith in the pits of the cme. >> reporter: take a look at crude prices downside by more than a dollar right now in after-hours trading $93 in changed. we're watching that crude spread. basically, what is happening is the wti contract for the west texas intermediate, it continues to narrow that gap with the european benchmark, the brent crude future. we get word out of the eurozone that unemployment reached a record high which is causing a lot of concern about overall consumption. by the way, a huge report on crude out tomorrow morning expected to show inventories sitting at 22-year high which is having a negative impact on both of these foils as well. both suffering more than 1% drops. the race between them is now less than $10, about $9. also weighing on prices, as a matter of fact from the eurozone unemployment rate weighing on copper prices. for the month it is bigger monthly drop dating back to the last may. so all of the concerns about the global economy weighing and copper prices. last but not least, wheat. unbelievable that this was the shining st

thank you so much, sandra smith.want to get to cheryl casone, down at the new york stock exchange. it's not a threat. listen, on the best of days, cheryl, they have unbelievable security, but what are you seeing today in the wake of the bomb tionz? >> we are certainly see -- you're correct in that the new york stock exchange is a fortress as you know since september of 2001, but what you see today in particular, lower manhattan, is a bigger police presence. mayor bloomberg yesterday not long after the marathon attacks, of course, broadcasting, you saw that with you on fox business, mayor bloombergmented a thousand extra police officers out in the streets of manhattan meaning vehicles, bomb sniffing dogs at the train stationings, penn station, new york city subway, increased not just physical police surveillance, but video surveillance, prides itself on watching you at every corner and move. again, since 2001 has had 16 foiled terror plots against it, so new yorkers know very well that in times like these, they need t

it is time for our nightly blitz with sandra smith then charles payne.ed. the supplement. the first issue is twitter. it is scoring very big deals will also scaring a lot of folks in the process. a report yesterday of a terrorist attack on the white house asset stocks into a momentary tailspin. just the latest. another said that in the press is good press, but i cannot imagine this can the press would be good. >> twitter is really in a huge position of power by. they're also losing credibility because right now traders on the floor did immediately react to the ap feed that popped up on that twitter account. and now turning into a situation where traders, before they act and alive to go unverifiable nation that they see pop up. so while there -- neil: this to do that anyway. that suggests the common-sense. >> here's the irony. they're probably verified on twitter. there learning how monetize all this stuff. billing in this sort of thing. it actually triggers an algorithm. probably not the right phrase, that gets you what ensues. still, is scary. >> those

to sandra smith and gretchen hamel and julian epstein. sandra, that is what worries me. i'm not fan of going into grocery stores outside the bakery products section but i could seen see prices going up rather markedly but not showing up at the fed or the fed view of inflation and that worries me. should it be? >> well, absolutely. and evidence of that is seen every single trading day day on the down here at the chicago board of trade. every day we're seeing historic price levels for wheat and corn and soybeans. while you might not think that affects every day. that goes into pretty much everything we eat all the way down to coca-cola we enjoy at night. corn syrup prices skyrocketing. you're looking corn prices above $7 a bushel. it used to be a big thing to say beans were in the teens. soybeans were in the teens a long time now. they're above $13 a bushel. this is skyrocketing prices at grocery store. it doesn't look like there is an end to this anytime soon. you have a growing population. you have the fed printing money, weakening the u.s. dollar and that is spiking dem

sandra its smith is in the pits of the cme. on the floor with. >> we're keeping close eye on markets hire. exciting for the bulls as they watch the s&p 500 sitting at 1596. if it were to close at these levels, it actually would surpass the record closing high, all-time closing high on april 11th. we'll see whether or not we actually hit that milestone by the end of the close of business today. tech-heavy nasdaq composite is the best of the bunch, up one full percentage point. the dow not too far up also, up 1.9%. as far as the dow jones industrial average, most of the names on the dow have up arrows, shows you whether banks or drugs or we're seeing all up arrows. so technology certainly has led the way. i noticed microsoft and ibm and hewlett-packard are doing well. microsoft is of course unveiling xbox on the 21st. alcoa, disney, dupont, cisco intel. we'll watch materials. materials very interesting to watch those. as i speak to traders they talk about the fact earnings season is underway. earnings per share have come in. reve

sandra smith in the pits of the cme with today's trade. how far is it going to go?fact that we're now below 90 everything is in question. can we fall below $80 a barrel? what does it mean for gas prices? there is lot of talk that the national average could come down shortly considering that oil prices are now 88.85 a barrel. down a fourth straight session. right now hitting the lowest levels of 2013. if we were to close where we're trading right now, this would be the lowest levels of the year. by the way in trading terms we often like to look what happened on the week. it is down 7% over the past week. on the month down 9%. for the year oil prices down 4%. here's the news. american petroleum institute at 4:30 p.m. eastern time. they will come out with the latest inventory numbers. we're expected to see another build of oil inventories up more than a million barrels in the latest week after last week, over five million barrel build. so, this is a sign that we're not using as much oil right now. the u.s. and biggest consumers of oil in the world. this is still reflec

so let's get to sandra smith who is in chicago on the floor of the chicago merc where we saw an earlier shot where you had traders total mayhem in the wake of this explosion. >> there was up until a few minutes ago. traders telling me they're leaving here going home. they will have their computers on tonight watch the electronic session of the stock index futures to begin trading. that will be a tell-all how these markets are going to react to this particular event and as we continue to see what exactly drove this event, who drove this event. i want to point out another thing i heard from several traders as i was making my way undo the stairs here. several traders looked at me in disgust, and said, these markets were vulnerable. remember, liz, we were seeing record after record after record in the stock market. the reason why gold prices were selling off as they were because money was coming out of gold into the stock market. traders were identifying markets were vulnerable. you get an event just like occurred in boston. liz: sandra, can i jump in here and just ask you, yes we were vuln

sandra smith was on the floor of the chicago mercantile exchange. right there in the thick of it. >> reporter: the commodities market, the big story about mass liquidation, money coming out of things like royal, gold, also the stock market today. that was already occurring. in this event occurred and we saw the selling exacerbate. we saw most of those sell-offs in these various asset prices finished at their lows of the sessions, the stock market finishing at loews, the dow down 265 points, s&p 500 down 36 plus points. the new look at gold. gold prices down hundred and $49. watching gold prices. after the trading session closed, we saw selling exacerbate in their globex electronic trading sessions. so right now we are in that 45 minute window where stock-index futures as well as gold futures, oil futures are in that small break that they take in the 24 hour cycle. right now traders are saying they were heading home to turn on their computers and watch these things as they open because when you see things closed at lows of the session, as they did fo

sandra smith joining us today. >> good time to come down on the trading floor.ard right now, oil is $94.25 a barrel. right new tides of recession up nearly a buck on the day. it had been lower but we just got this midday spike and a lot of trade ires talking about weakness in the dollar. the u.s. dollar hitting a three-week low as we speak against the euro currency. you get that weaker dollar, you get a boost in oil and the other commodities. one other thing that is a bullish sign for the crude oil marketer right now is that we're testing some key technical levels and technical analysts will say it looks bullish for crude oil if you look at the 100-day moving average. the crude oil market did test the levels in very, very safely bounced after that 100-day moving average. when that happens, it tends to be a bullish sign for the overall market. so crude oil prices right now getting a pretty nice boost and like i said, sitting right near their highs of recession. back to you. cheryl: sandra, thank you. dennis: cell phone, tv service could alter the entire business.

sandra smith has a look from the pits of the cme in today's trade. sandra? >> hi, melissa.s is a big report. not onlyygivings a reflect of what's happening in the u.s. global economy, but for our economy, the number one biggest grower and exporter of corn in the world. we live off this stuff, but it affects our stocks. the farm equipment stocks, fertilizers, seed producers, but when you look at corn prices, originally a pop after the report this morning from the usda, but now corn prices have turned lower. world corn supplies will be well above original estimates by the ebb of this crop year. we're not using and consuming as much corn, reflection of the still weaker global economy. soybean stocks also much higher than forecasted, above analysts' forecast. soybean dropping, wheat prices dropping on bigger stockpiles projected at the end of the year. using less grains across the board. ethanol consumption down. the need for the grains for feed was down, so, again p, reflecting weaker global economy. charles payne is on this onings could be good for the meat producers meaning

sandra smith is sanding by in the pit. through the numbers and watching them n particular, let's start with wheat. i know you have your eye on that contract right now. >> yeah, because that's the biggest mover at this hour. wheat prices down about 10 cents. we're in the green trading room at the chicago board of trade in chicago. we're seeing a big drop and we would at first looked at a report looking neutral for wheat but we're seeing a big selloff on this report. bottom line, we're seeing less -- as far as forecasts are concerned, less global demand. corn and soybeans both were bid after this report. still getting sort of a bounce in today's session. we saw lower than expected carryover for corn. remember, this is the forecast for how much grain will be left after -- at the end of the grain year. the number was smaller. that would mean bullish for the report but it was a bigger number than last week when we saw prices limit down after a bearish corn report. lots of numbers to go through right now, guys. bottom line, corn

sarah smith. sandra: oil is down about $0.15.p for three straight days. that is continuing today. goldman sachs coming out saying they are actually perish. they are downgrading their the term outlook. a 22 year high. gasoline futures, as a result, down a full present in today's trading session. if you are looking for the green arrows right now, that is in natural gas. they are the best performer ms. cme right now. there is a lot of speculation that there will be a growing supply deficit. we have inventory out on thursday. the speculation we will see a smaller than normal increase. gas futures up 28% so far this year. that bullish trade continues today. cheryl: brown rice, tofu and out margaritas at schiphol they ran. it will cost between 650 and eight dollars. again, another reason that will probably -- dennis: i don't know why they don't pushed out more. imagine if donald sold beer. new momentum for twitter. they have a big commitment from a big ad buyer. on the rich men will melissa and lori on that big deal. cheryl: braving th

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