stanley fischer, talking about this earlier really ripped up the script. told rate hikes would be slow and gradual. it is really no man's land. is that key? valentin marinov: that was a extension of a message we have inherent for a while. by the vice chair fischer any hikes will not move in a straight line. really cautious and indeed contained by historic standards for all is said it was important of what the message from the fed seems to be they want to introduce risk and to the dollar. they were not intervene into the currency. however, they want to see investors leave the dollar alone for now. 20% like the last 12 months. that is quite a lot. especially given the rate not going higher anytime soon. the fed is comfortable with a relatively strong dollar. they do not see imminent threat for the domestic economy. they know if they do not respond, before long the dollar could be higher. they are trying to injured his volatility and to the dollar. they are succeeding and extending. that -- the point of the potential inflows into the eurozone as investors and

when you look at the squishy nests of the taylor rule, why should we listen to stanley fischer? >> janet yellen has been transparent about what she is looking for, wage inflation, strength in the global economy. relying on one arbitrary measure might not be -- tom: do you link interest rates into what stanley fischer spoke about yesterday? savita: we are off the grid and how odd things are now. i do not think the fed hiking will be bad for the stock market. it will be good. it suggests the trillions of dollars of said has spent on healing the economy has actually worked and we are in the all clear zone where the fed can start to hike rates. olivia: equities do rise. savita: they do. we looked at what do markets do. we found that you get multiple expansion in some cases during fed hiking cycles, which no one acknowledges. we could have multiples continue to expand, even if the fed is hiking. the markets r.o.k. and then it rolls over. we have another year or so of strong market returns ahead of us before we see things turn south. brendan: what does the dollar do when the rates wen

stanley fischer was my economics professor at m.i.t. when i was a graduate student.t might be in the broader sense, that no one would like to see this economic environment, the use of long periods of interest rates has really been the only buoyancy we've been able to see, so i think for discretionary activities like gaming it's certainly been beneficial and it's allowed high wealth individuals that are the biggest part of our customer base to be able to grow their businesses and reinvigorate what they're doing. >> i forget how many people stan fischer has taught. like we have so many guests on the air who studied with stan fischer at m.i.t. good to see you, mr. loveman. it's been great. >> thanks, gary. >> thank you for having me. gee still runs caesar's entertainment. time for a cnbc news update. >> greek prime minister alexis sip russ and angela mishgel put on a public display of goodwill appealing to greeks and germans to put aside their differences and work for a better europe but it was unclear if they had narrowed their differences on greek economic reforms. >>

in new york, stanley fischer said that raising interest rates may happen by the end of the year. >> thenterest rate is expected to lift off by the end of this year. the normalization of monetary policy gets underway. the extraordinary monetary policy accommodation that the fed has undertaken in response to the isis has contributed importantly to the economic recovery. although the economic recovery has taken longer than we expected. alix: deutsche bank is weighing three options to raise the firm's prosody -- profitability that would see it security units scaled back. one option would shrink the investment bank by almost 1/5. the bank is also considering shrinking its interest rate finance business and hedge funds in order to lift returns. the nfl suspending its controversial television blackout policy for the 2015 season. the announcement means that all games will be televised in their local markets, even if they do not sell out. the decision comes after the sec eliminated a 40-year-old rule enforcing blackouts. we have got less than one hour to go until the close of trading. let's go t

fed vice chairman stanley fischer

fed vice chairman stanley fischer said raising interest rates will likely be warranted before the endyear.

stanley fischer says an interest rate hike is likely to be warranted by the end of this year. increases will probably not be uniform, nor predictable. senator ted cruz has become the first candidate from either party to launch a bid for the white house. the favorite of the tea party spoke in lynchburg, virginia. senator cruz: i believe in the power of millions of courageous conservatives rising up to reignite the promise of america. and that is why today i am announcing that i am running for president of the united states. cory: he called for repealing obamacare and protection of privacy rights. stanford university's endowment has named robert wallace to head the billion-dollar fund. he previously worked at the renowned yale investment office. he is leaving after nine years at the head of the stanford endowment. the first lawsuits have been filed in the new open internet rules. the suits were filed by alamo broadband and u.s. telecom, a telecom lobbying group. they say the government does not have the authority to prohibit the blocking or slowing of internet traffic. and are y

speaking today during a conference on financial stability in germany stanley fischer pointed to risksn short-term -- >> regulation is a cat and mouse game. the regulators job is never done. you do something and the other guys are not going to sit still. they will figure what is little left to do and do more of that. mark: he says things are looking up for the non-bank industry. stay with bloomberg as we review live coverage of janet yellen's speech on monetary policy in san francisco, that's coming up on "street smart." in sports, the undefeated wildcats go wild trouncing west virginia by 39 points last night to advance to the elite eight. kentucky is undefeated at 37 games this season. they will be joined by wisconsin, arizona and notre dame. the ncaa sweet 16 continuing -- are bloomberg bracket has the biggest names in business and finance playing for their favorite charities. john donahoe is still in the lead with 107 points. in second, jimmy dunne. tied for third and fourth dwight anderson and tillman for ertita. you can follow online at bloomberg.com/charitybracket. scarlet fu ta

if you talk macroeconomics for your entire life like stanley fischer, that would be important to you. which they realize that we have lost control over the fiscal stimulus side. the governments will not spend money. we don't have an environment where governments will step in. matt: to take your sailing metaphor, if you are headed into the wind, you have a tight jim, you cannot pull anymore, you take some flack when you can get it. dan: we have a windstorm, a very weak europe, china, japan. we have the rest of the emerging markets not doing every well. either -- everyone is out there competing, either on price or currency. if we were talking about this three months ago, nobody would say 109 is euro strong. lisa: maybe moving 25 basis points is it necessarily going to do anything. dan: it sends a message. whether it happens in june or september, i don't think it's germane. will the data between now and june enable them to do it at all? on that, i will say, 50-50. matt: certainly if unemployment falls below 5%. dan: you saw the bounce in cpi. everyone has said, cpi will recover. the offi

mario draghi speaking later and the fed stanley fischer speaking later.ipras in berlin. a busy morning. good luck to you. ♪ guy: there will be an attempt to convince merkel that he is a good bet. it the greeks point their finger at the ecb. it we speak with christian noise a. of 10 china move closer to taking over for rally? good morning to our viewers in europe.

the federal reserve's vice chairman, stanley fischer says a hike is coming. here he is at the economic club of new york. >> the interest rate is expected to lift off for the end of this year as the normalization of monetary policy gets underway. the extraordinary monetary policy the fed has undertaken in response to the crisis has contributed importantly to the economic recovery. the economic recovery has taken longer than we expected. cory: he also said subsequent increases would not be uniform or predictable. data shows the u.s. housing market is struggling to gain traction as sales of previously owned homes rose to an annual rate of 4.9 million. the national association of realtors says low supply and higher prices are keeping buyers out of the market. the greek prime minister is in britain today with meetings with german chancellor, angela merkel. greece posco editor's have been demanding the country detail specific reforms it will take before it gives them the money. greece has 1.6 ilion do this week. the ncaa is down to the sweet 16. let's get a check o

we heard from the federal reserve ice chairman, stanley fischer, speaking in new york. he said raising interest rates from near zero will likely be warranted before the end of the year and subsequent increases probably won't be uniform or predictable. >> the interest rate is expected to lift off before the end of this year as the normalization of monetary policy gets underway. the extra gary monetary policy accommodation the fed has undertaken in response to the crisis has contributed importantly to the economic recovery. while the economic recovery has taken longer than we expected. mark: the president of the cleveland fed says an interest rate hike in june remains a possibility. she told bloomberg the fed's removal of the word patient from its statement means june is a viable option but said nothing has been decided. >> we are not on any preset path. this is the new way of doing policy. we are data dependent and we will set the appropriate level of interest rates which is what the economy can support and what we should be setting it at. mark: last week, fed chair jane

federal reserve vice chairman stanley fischer says marvin jones is needed of the shadow banking systemven though progress in overseeing it has been substantial. he spoke in frankfurt. >> if regulation is a cat and mouse game, so regulators job is never done. you do something and the other guys aren't going to sit still. they will figure out what there is out to do and do more of that. cory: fischer did not suggest policymakers take any further revelatory steps beyond those already announced. brazilian oil giant touch her bra selling oil and natural gas fields in southern argentina. -- petrobras selling oil and natural gas fields in southern argentina. looking for asset sales to raise capital after it was locked out of the international credit market. major corruption scandal. dow chemical strikes a $5 billion deal to emerge -- merge most of its soaring business. the so-called reverse morris trust transaction will leave shareholders of dow 50.5% stake. the houthis been looking to sell its low-margin business lines. it comes under pressure from activist investor dan loeb. his blackberry

vice chairman stanley fischer is speaking this evening.about today's trading action with chief market strategies. bob, thank you for getting up early with us. the markets seem to continue to show a lot of volatility i should say. up 17% last week. is there a reason to be worried given the legal of volatility we're seeing or is it normal ahead of a potential rate hike? >> i think you hit it on the head. i think it's normal. good morning to both of you. what i think you're looking at is a situation where the market is still understood to be in bold territory. most market watchers are calling this a secular bull market at least another year or two for this to go. but the volatility obviously called fear index brings that about. we have gone about 28 days without back to back gains in the s&p. it would be nice to see that. you have the the amount of data we have coming out this week including the jobs number on a short and good friday. i think it's going to be tough to break out to sort of a second bull run with that kind of data coming up on

we have stanley fischer and the head of the wix bank.uy: last time we will hear from carney before the general election. he's -- basically until we get posts election possible post formation of the government. carney: when there starts to be a market adjustment because we are aware that all of the reforms we have made on the liquidity side had pushed liquidity risk into the financial system, into the private financial system as posted on solely central bank balance sheets. but that has not yet fully been price in. at a minimum we have a transition to more appropriate liquidity spreads. but potentially in overshoot because these dynamics. so, from a macro credential, -- it's of interest because i'ts now a core source of financing for the global economy. that is a good thing because it supplements the bank but it has been resilient and be there in tough times as well as good. and that's where we're looking. i'll finish with the banks into characterize this as -- andre raise this in his remarks. the load bearing capacity of the state. the q

. >> stanley fischer, from zimbabwe knows currencies better than anyone i know, understood contagion,s chairman. i think stanley fischer is the right man at the right time and recognizes if we tighten all of these countries that he is so much more familiar with than a typical central bank would collapse. >> we mentioned bullard, talking to the f.t. i called him the justice kennedy of the fed. he's a swing vote. >> yes. >> in his words, i think we have to move now or soon to be in the right position as the economy continues to evolve. >> shut up. >> probably, yeah not the first time you've given him advice. >> in the locker room you don't do. don't tweet, don't give interviews. this is a tough time. you have a chairman she's terrific. let her do the talking. this is not the time for people popping off and giving interviews. come on, guys rein it in. guys giving interviews like poole saying different things confusing the market. speak as one. you have a head coach, keep in the locker room. i don't want to read. you've got a problem, take it like strahan, win the super bowl. don't tell t

it's his play book she's using. >> stanley fischer, vice chair, speaks monday.. >> genius. many studied with him. a great man. >> the teacher to a lot of prominent people that we know. when we come back, "stop trading" with jim. dow up 140 points early session highs here. don't go away. when the moment's spontaneous, why pause to take a pill? or stop to find a bathroom? cialis for daily use is approved to treat both erectile dysfunction and the urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and

what i can't figure out, if the fed will raise rates, sounds like stanley fischer's perspective that will happen this year, why is the dollar getting weaker right now? >> buy the rumor, sell the fact. it is reality, it will happen but we've been talking a long, long, long, time. that is why the dollar where it is. i will not call a top on the dollar or a pot on the euro but look at technical reversals -- bottom. we had lower close on monday and lower close on weekly basis. that has been very supportive for oil. oil also had a key reversal last week, making new lows and higher on wednesday. if we get follow through you may see stabilization. speaking of stabilization, look at the stock market today, a big surge last week. not much happening today but holding strong. cheryl: but, joe, one of the things that propped up the market, of course affecting the dollar is stimulus. dollar continues to strengthen. euro continues to weaken thanks to stimulus. but you like stimulus. you're telling us we need to be watching central banks around the world? >> my personal feelings about stimulus does

stanley fischer is looking at international matters but yellen is with the doves.livia: not all dots are equal. josh: they are going to get more similar. it was not that useful and prior years when you have all the commitments. tom: was that two gingers? brendan: we have not started drinking yet. i spoke to an irish barman who wants to get in on your mixed drink habits. >> it converts people. brendan: this is a gateway drug. this is bloomberg "surveillance." streaming on your tablet, your phone, and on bloomberg.com. ♪ tom: good morning. bloomberg "surveillance." st. patrick's day, there will be a parade in new york city on this irish morning. good morning to all of you listening and watching in ireland. let me get to a morning must read. a huge deal. i put it on social media. krugman was a clinic. paul krugman's wheelhouse, isln. we get into this with josh and george. a "foolish insistence on micro-foundations at all times." monocausal is the key word. i cannot say enough, this is possibly my essay of the year. josh you and i talked about this. he's going after ch

stanley fischer is speaking at the economic club of new york today. the economic world will hang on each and every word. the euro is stronger. on to the next screen, it's a complacent data check. the vix. the east german from east german yields. these are the leaders of greece and germany this morning. this is singapore. the collapse of the british empire the separation is over here and then up we go. this is a different vector. it slowed down a little bit. brendan: i see this more simply. all you see is unstoppable growth. that is the success story that singapore has provided for the rest of the world. what do other countries see when they look at this? they see what they want to see. tom: what's amazing here, they were more harmed by the latest financial crisis than they were by the asian crisis in the 90's. i did not know that. there is scope and scale on singapore. for an honorable purpose he was the founding father of singapore . he is dead this weekend at 91. he constructed the first city state out of the ashes of the british empire. jonathan fe

tom: janet yellen dials one 800 stanley fischer. are looking at -- we are projecting a september hike. we think the u.s. story is driven by the domestic dynamics. the u.s. dollar run at this point if we continue to move that may change. olivia: we will be talking about iraqi forces retaking to to ikrit. ♪ tom: good morning, everyone. "bloomberg surveillance." going after the gold -- qualified to speak on this. the decline is the real story. we were promised the collapse of fiat currency and the u.s. dollar. a beautiful use of gold and there it is the return of the gold standard. the one true currency. there we are. francisco blanch he absolutely nails this hysteria. gold bucks, go. francisco: gold bukcks have been crushed. think about what happened the last few months, interest rates kept going over, risk was contained. now rates are starting to push higher so gold is coming down cold will continue to come down -- gold will continue to come down. gold is going to anticipate the end of the rate cycle. as long as we get close to that

speaking in germany during a conference on financial stability, stanley fischer pointed to risk pcs in short-term wholesale funding markets. -- risk pcshe sees in short-term wholesale funding markets. >> you do something and the other guys aren't going to sit still. they will figure out what they are still allowed to do and do more of that. matt: he says things are looking up for the non-bank financial industry. he thinks it looks less vulnerable since the financial crisis. we are learning more about the pilot who apparently deliberately crashed a jet into the french alps, killing 150 people. investigators say they found torn up medical documents from his doctor declaring him unfit to work, along with a torn up sick note. he apparently held -- hit his illness from his employer. -- hid his illness from his employer. >> investigators searched the apartment for clues and other indications as to why the pilot would have done the deed. matt: yesterday, the lufthansa ceo said the pilot had recently been found 100% fit to fly. egyptian officials are saying an invasion of yemen is in the plann

stanley fischer has prepared remarks in frankfurt.rk is needed to reduce risks and short-term funding markets. the also says that things are looking up for the non-bank financial industry, which he thinks let -- looks less moldable. president goodluck jonathan hopes to remain at the nation's home. he has governed nigeria's country. this year's campaigns have been dominated by a slowing economy and the war against islamic militants. those are the top stories this morning. in the next hour, you will -- scott kernan is my guest post. plus, tom lee is with us on his bullish as np party at -- s and p target. and america has gone chicken crazy. to giants are cashing in. burger king announced that it is bringing back chicken fries, a cold item that has appeared sporadically on its menu. earlier this month, mcdonald's brought back chicken selects after cutting the item in 2013. will this paltry revival lead to a price war for chicken? i sat down with popeye's ceo cheryl back calder -- the calendar -- cheryl bachelder. cheryl: popeyes is bless

federal reserve vice chairman stanley fischer same more work must be done to reduce risk.id many nonbanks still need security, short-term funding to operate. we will hear from fed chair janet yellen speaking from san francisco in just about 10 minutes. dow chemical agreed to sell almost all of its chlorine business in a move valued at about $5 billion, and that means the ceo will meet a target of selling $7 billion of assets. google is joining forces with johnson & johnson to develop a robotic surgical program. the companies will explore ways to help doctors during operations. we are just 30 minutes until the close of trading. let's go back to the breaking news desk, where chief markets correspondent scarlet fu is looking at the big movers. a lackluster day, but there have to be some movers. scarlet: rite aid has been up all day long. it is trading at the highest level since 2001. there are a lot of call values on this stock. every so often, you hear takeover chatter on rite aid. analysts have said it is a good takeover target and they have proposed walgreens as a good fit

i think the fed is going to do just what janet yellen and stanley fischer said it would do, and thatonomic data especially the inflation data, but that girls them a lot of flexibility because if you look at the three conditions that fisher laid out, headline inflation stocks going down, core inflation heads closer to 2% average hourly earnings start turning higher on a trend basis it's going to be until q3 before these factors come together. so i think for the time being, the fed will sit and watch and see what happens. >> ward in terms of weather here -- >> sorry, sameer? >> i was going to throw out if you're a bond investor i see why you want come tomorrow the u.s. you get a higher rate. as you look through some of the economic news and look at companies are, the u.s. you're starting to see where earnings expectations are coming down you might see negative numbers in tern terms of earnings growth whereas in europe you pick up thes pap the bond side the flows continue strongly into the u.s. the margin european bond investors going to european equities. >> ward, on the weather, 60 mi

and then as much as today's all important, next week traders are going to look to stanley fischer, whok is becoming a growing influence on the fed and may become kind of not just vice chair but the shadow shadow chair. >> is he the punter here clean up whatever might happen over the next 72 hours? >> he can be. but people will be surprised. he's been outspoken, he thinks the fed should raise rates this year and that the fed should be less transparent. maybe a little bit more opaque back to the greenspan days. >> he's a team player. he has joined the fed, coming from the bank of israel. what's interesting about stan fischer and the new makeup of the federal reserve is the international focus here with what the ecb is doing, with what 20-plus other central banks are doing in the world. that has to come into the fed's, maybe it done influence their decision, but at least the discussion. >> it will have them looking further to him. he comes in with an enormous amount of credibility, taught many who moved on to the fed and having served as head of the central bank of israel he has a great d

>> michelle there's been so much fed speak in the last 24 hours, williams bullard on the tape stanley fischer they're sending the same signal and that is, yes, we're looking at raising interest rates this year but don't be too scared it's going to be gradual, it's going to be a steady increase in rates. is that the message? >> i think they're trying to emphasize this idea they are going to be normalizing policy. they're not starting aggressive hiking cycle. they're not hiking to cool an overheated economy but normalizing from the extraordinary accommodation that we had when we were still fighting a deep recession. so, yeah that is the right message. of course, it's data dependent. we need to see that rebound in growth into the second quarter. we need to see consistent job growth and signs that inflation is trending higher. >> what's the message you're taking away, bill, as an equity market investor from the federal reserve? does it impact your decisions here when it comes to stocks? >> you know it certainly, at least in the short run, obviously the markets are taking away that the fed is goin

remember '97, '98, stanley fischer, some of the countries, they need the money.e what the reserves are. there's a lot of opaque nature. we focus everything about greece, we know everything about greece. greece is a pimple compared to brazil. >> without a doubt. it wasn't long -- brazil was one of great growth cases for mr. o'neill. >> it's not a bric it's not rick, it's i. >> it's i. there is no "i" in team. >> just india. >> the breadth pretty horrible. maybe, what 20 names in the green on the s&p. >> the hanes level, when you get nine stocks down for every one, you've got to think about a crescendo bottom. >> you covered some of that yesterday with anniversary of mark's call was today. >> right. >> in which he said i'm going to step out on a limb here i think we're at a bottom i really do. specifically the 200-day moving average on the dow. >> mark was remarkable in his sense of equity mimity. period lick i he said, hoe kay,jose, he said enough, and it was enough. >> responsible for putting you on tv, good move. >> yes. and was -- look he was my biggest backer

. >> that's why i like stanley fischer the vice chairman knows what happened in 97 98 in asia.et yellen, one of the smartest people in the room understands this stuff. i'm impressed with these people. they are just masters. they're not show people. maybe that's what people want out of yl, aellen, song and dance. honor the remarkable work. >> when kernen asked liesman if yellen did a high-five and he said, she probably did, you agree. >> shooyou think she nailed it. >> i think she nailed. some times we have people born and raised in the country and oh their way up. your mom says how are they doopg doing, mom i'm not going to be number one do your best. do your best. janet yellen is the smartest person in the class, that's okay. we need a smart person. >> what does it say, all of the dovish talk, the lowering of interest rate trajectories and inflation? >> february was a weak month. we'll hear from williams-sonoma today. amazing company. and this port slowdown directly impacted their numbers. we can say, well that's one off. but wait a second oil, how come oil's not going higher?

stanley fischer said as a result of what they've done the upward pressure on employment acceleratingmployment, should peak early this year but inflation situation, he says should really reach its zenith in 2016. are we right to be making monetary policy so data depend dependent month to month? >> we have to. the fed doesn't want to move they're hedging the downside risks and the downside risk we're in a global world where deflations a risk out there our inflation is too low. we're still too cold economy, the poor edge is warm they'd like it to be hotter. this allows the fed to do what it wanted to do and that is allow the economy to catch up. i think david hit the nail on the hit saying the natural rate of unemployment has fallen that's something charlie evans, who is very influential on the fed, has argued. it allows the economy to catch up. the best thing for an economy that's gone through what we have is the age of the expansion to continue to age and get old. it's like fine wine. i always like to say good women, we get better with age. >> wow. love to leave it there. >> let's not

stanley fischer first came up with this in a story a couple weeks ago.s a kid working at the new york fed in open market operations, paul volcker made a fetish of not signaling anything. alan greenspan said he was proud of it he would talk and no one would know -- let me finish this point. i think that this is good for main street because i think main street gets cut out with the fed, all their signaling and so 230r9 forth. and it keeps the hedge funds honest. that may account for today's -- you don't know now. you may be right about september, but if the fed adds some mystery, i love it. >> dennis, how -- >> hang on. >> when yellen said that not to look at the schedule for press conferences to determine when they would raise rates, she actually said well if we do raise rates when there's not a press conference we can always schedule a press conference. she was really cagey about the future direction. >> yellen is trying to help the consumer in every way she can raising rates would help with certificates of deposit. we're looking to get more employment.

once you say, that you can't -- >> we also get more fed talk on monday from stanley fischer five days after the big fed meeting. >> definitely swn you have to listen to. jeff reeves i know you like u.s. but a lot of people have liked europe lately because of the dollar/euro relationship. are you at least nibbling over there at all? >> yeah i certainly am. again, i'm a long-term investor. i don't pretend to call bottoms because i think that's a dangerous game but i think it's probably wise to start averaging in. i think europe at least has some optimism optimism. their central bank policy is still pretty easy. i don't pretend they're going to recover anytime soon but you don't want to be too late to things like this. as a long-term investor i don't think there's anything wrong with averaging in now. some european markets, particularly germany, ewg has done pretty well for the past couple months because people are trying to front run it a little bit. if we're having volatility in the u.s. where else are you going to put your money? you could put all of your money in apple i guess, but y

i'm hoping stanley fischer, who remembers the asian contagion, recognizes we could have a major run ons what yesterday was about and i feel better today. >> jim you want to talk about the eagles at all or no? >> no. >> i saw your tweet. i thought i'd check. >> why do you hurt me scott? >> i don't know. you're number one fan, i want your reaction more than anybody else's. >> i'm a fan. there's a master plan here. i know it's not just to get guys off the operating room who have had their knees redone. it's just not about knee surgery here. i have to believe that. >> does this translate to villanova, too, or not worry. >> i'll take villanova in a bracket. i think it may have an easy path who has the easy path. >> today starts in earnest. big east tonight. i'm picking big ten rutgers -- no. sorry. i'm starting on you. >> thank you, guys. >> starts tonight, though the tournament? >> some of it. >> not the big the other ones begin. >> coming up now the time to take a contrarian view of the markets? countdown to the opening bell is next. e financial noise financial noise financial noise finan