scott bauer is in the cme. let's talk about housing, scott. you see positive signs on housing stats that we got today. >> look at it, david. the numbers came out. they weren't blowout numbers. they were higher than expected. the trend continues upward. what does that really mean? there are more houses on the market for potential buyers. you get this, you know, arena now, with rates the way they are. and then we get all these houses that people can now bid on. they can go right after them. what that means, that is good for stocks like home depot. stocks like lowe's. i think that is continue ages of this marketplace where we've seen some of these housing stocks as leaders continuing to the third and fourth quarter. liz: making a little bit of a sneak move has been the nasdaq lately. mark, we are closing today at a 14-year high for the nasdaq. david: wow. liz: let's marry what scott bauer said with what you feel whether people should be in stocks. >> well, what happened was, in 2008, 2009, a lot of people got panicked out of the market. they have

scott bauer is in the cme. let's talk about housing, scott. you see positive signs on housing stats

scott bauer joining us from the cme. start with you and talk about negative interest rates coming out of europe. i haven't seen signs of them having worked anywhere they have been tried. why are investors bullish on it now? you know, they're really pulling out all stops. they took what we've done over the last four or five years and took it to the neck level. really draghi and the ecb, they feel their economy is stuck in the mud so badly they are really at a point they will do anything whatsoever to get this economy moving. i mean, if you think about it, just four, five years ago it wasn't out of the question or at least out of the conversation that something like that would happen here also. i don't know, when was the last time that happened? when the pilgrims came over? negative rates, really, that's putting money, you know anywhere you want to pump it back into the marketplace. that's what they're doing. you have to give them credit for that. whether it is really a bullish sign or not. that remains to be seen. i'm mor

. >> joining us now from madison is scott bauer, he covers wisconsin politics for the associated presss gotten a lot of attention, allegedly between scott walker and karl rove. it seems to indicate that there may have been some coordination with outside groups. some folks would say, though, hey, i've had a lot of political campaigns engage in this sort of thing. does this seem substantively different, problematically different? >> well, the prosecutors are saying that the governor's -- one of the governor's key strategists, r.j. johnson, was working both for walker's campaign and running wisconsin club for growth, and in that role he and others were essentially running a hub where they would take money in from all these different groups and then feret it out into other organizations that would then run advertising favorable to the governor and other candidates for office. and the prosecutor's argument is that that amounted to illegal coordination, illegal campaign fund-raising. and the position of wisconsin club for growth and others is that what they were doing is not barred under the

we have also got scott bauer. i want to start with you. do oil prices seem so resistant to developments? 2.5% in june, given the kind of movement we have seen in iraq and on the ground. there is always a question of how strong the economy is in general. the seasonality right now is not the best for oil. august 10 to be negative. this has been a breakout. we did clear resistance which is important. which has gone sideways and not up to the target everyone is expecting. notably, we have seen the premium the market is paying for immediate delivery. >> we will get to that in a moment. with all of that in mind, reg out in ways greg has called it, how are you trading in oil? >> it is very range bound. atbroke through resistance 104 and did not get to the 110 level. we are just above 105 right now. if we see one of five get hit or any debt, i would hop on the short side here. we are very range bound. i would hop on the short side and look for support at the 1.2 level. with all the strikes we have seen in iraq, the shock value is out of the market

scott bauer joined us for today's options insight. he joins us from cboe. been veryatility has low.tle bit, but still below 12 right now. is that prompting in -- prompting investors to buy more of a hedge, or perhaps replace equity holdings? >> i have not really seen the upside call buying, but what i am seeing is a lot of protective buying, downside put buying, especially in the s&p 500 options market. the call side is saying, in the vix, we are seeing some call buyers. if we do see a downdraft in the market, then the vix will rise and the calls come into play. we are seeing more protective positions rather than opening positions. which i think is very prudent at this point. >> especially given the uneven economic data we got this morning. on individual company news, we are taking a look at nokia. and the price target was raised from nine dollars to $11 by rbc. what is the option straight on nokia today? >> it is pretty stable. this area from eight dollars to $10 has provided significant resistance in the past few months. if you look year to date, the stock has been pretty combusti

. >> caroline and amber bauer and caroln, and scott hage, and brenda, beros and i apologize if i miss pronounce any of your names. >> good morning. my name is dana and i am a leader also at the san francisco organizing product inner faith action. and we represent tens of thousands of familis in san francisco, and as part of the pico network, we held the healthcare security ordinance and the affordable care act into law and we want to see them work together for bring healthcare to the most possible people. and the universal healthcare council agreed on a few principles, one of which was that healthcare should be paid for by the coalition of the community of employers, of the employees, and of the government. and for this reason, the loophole has got to go. it is unfair to other employers, who have been paying what the law requires, and with the golden gate restaurant association thought all the way up to the supreme court that said no, this law is the law. and it is valid and constitutional and binding, and then they figured a way to get around it. and unfair to the employees, who don'

scott cohn has been working the story. what do we know? >> one thing is this investigation got even more challenging, bauer we're all talking about it.hich could explain the pretty public questions. one theory i'm now hearing is they saw the stories coming up, and made a last-ditch attempt to shake him loose. >> i've done absolutely nothing wrong. that's why i've been fully cooperating with the fbi agents and i'm happy to do so in the future too until this gets resolved. for right now, and hopefully it will be soon, about you for right now i can't talk much about it. >> gambler billy walters seen here in 2010 says he is innocent and it is preposterous to think otherwise. carl icahn says he's never given out inside information and his record is un3w4re78ished, but the trading here does raise some eyebrows. take a look at the stock of clorox in 12011. in february carl icahn reveals he's committed at a 9% stake and the stock go up. july 14th, he launches a full-blown takeover bid, but look just before that, the little bump right before that. toic is already moving, because someone was making huge bets on clorox options just days before