steve weiss joins us now. the 2% -- it's like reduced fat milk, steve. >> it is. it is. >> how do i make money? >> well, you have to go with the winners. that's the first thing. you have to go where value is. when you look at coke versus pepsi, use that as an example. coke had a great quarter. selling about 20 times earnings. pepsi not so great at 16. that's down. coke is hitting another new high. so you go with your winners with solid brand names. stay at the high end of retail also. that's nordstrom and macy's, a great operator. stay away from the low end. >> stay away and go with consumer names that people -- whose products people want to buy? >> yes. but be careful. in a week from today you have a jobs number. that could take down the consumer stocks and give you another opportunity. >> are there any areas that leap out to you in this 2% economy that have been basically undiscovered that are sleepers to you? >> you know, it's such an amazing market. there are no sleepers. either they're killed in their sleep because they take -- >> stay asleep. >> stay asleep

make our final trades now, steve weiss. >> airlines.ng lower, started buying a couple weeks ago. i still think they look very attractive. >> mike murphy, what do you got? >> green briar. gbx. the company announced earnings this morning. earnings are solid. no exposure to coal. i think this company can rally a lot from here. >> j.j. >> idcc. we talked about the rally of patents. here's a company that tried to sell all theirsn

steve weiss, thanks very much. that will do

steve weiss of short hills capital and a cnbc contributor is with us. steve, what do you think?of obvious as we see it today. telephone came out. big t. reported a really good quarter. verizon good quarter. they benefit no matter whose phones they sell. actually benefit more if they sell cheaper phones where the subsidies are less. over 5% yields. it would be a mistake not to own these stocks regardless. >> there you go. two cheers for at&t and verizon. >>> coming up, a stock to stay away from. we're talking about some of the biggest losers on the street. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all ] i'm with scottrade. but not how we get there. because in this business, there are no straight lines.

steve weiss, i know you probably hate this story. the shanghai stock market up 2 1/2% this week. i don't want to do a whole sell nar on china. i'm just sake people overreact. wall street may be smarter than it deserves to be sometimes. >> yeah, i've never heard that. there are two issues here. first of all, you had sparn banks. they increased their lending from the ecb march over february by 50% to 200 and about 30 billion. that helped drive the markdown as yields got to 6% in the ten-year. second, there's a whisper number ina. our market number was up yesterday because we thought china would come in and blow out the number, not 8.1 or 8.3 where consensus was but 8.6. but there are two economies in china. i agree with zach. i agree. i agree with you about that the industrial economy may be strong but what's not strong is the property economy. we have three cities come out and say we want to make it easier for people to finance their homes. we'll reduce reserves for that -- >> that doesn't stop the rest of the economy from growing. it may not stop the -- >> i think you have to loo

steve weiss has been a big defender of aubrey mcclendon. you interviewed aubrey mcclendon. what was your impression? >> michelle, it's interesting. back in 2008 in the depth of the financial recession, he was forced to sell 94% of his stake in chesapeake, his personal stake to meet a personal margin call, october of that year, worst possible time. >> a ball dollars gone in two days? >> it was a fire sale and obviously it was terrible for the company's stock and it raised questions about his own financial management skills. i talked to him about that situation and how it impacts his thinking today and here's what he had to say. >> we don't gamble and we don't bet. we're physically long gas, we sell it every day. we can lock our price in by entering into a financial transaction with a bank or an investment bank and lock in that price going forward. so, all we're doing is mitigating risks. we're not taking on risks. show up and go to work every day, try to create value and make my employee, my share holders happy. >> okay, there he's addressing two points, michelle, the compan

steve weiss, one of the immediate roll gists hard at work here. this could be a very dangerous day into tonight and sunday morning. how bad could it get? >> there's certainly potential for long track destructive tornadoes to occur this afternoon and tonight over parts of the plains states. we're already seeing thunderstorms, parts of kansas, into nebraska, we're seeing indications near the border of rotation in the storms, tornado warnings have been issued for parts of that area. and we anticipate there will be additional storms developing later today into tonight. >> if people aren't paying heed to these warnings, what could happen? >> they certainly have potential to have damage to where they are at, and we really do hope that people will increase their awareness of the threat today. it's a weekend, there can be people who have plans for their weekend. please be aware of the weather and the threat that we're going to have continuing into opportunity. >> thank you very much. and this is the second time only since 2006 where they have issued this

over here is steve weiss who can give us the headline. of fact, as we speak, you're thinking about putting out a watch for a certain area. please tell us about that. >> that's correct. thunderstorms are developing already this morning in parts of southwest kansas and well as parts of central nebraska. the environment is very favorable for intensification and our forecaster john hart as we speak is coordinating with forecasters in nebraska, kansas, and oklahoma on the issuance of a tornado watch for parts of east and central kansas. >> steesh, real fast i with us going to say, too, this is only the sonld time since 2006 you have put out a high risk alert in advance by a couple of day what's changed? >> the systems are more predictable. the signals were very strong. as storms developed, dangerous tornadoes were certainly in the offering, so we certainly had enough confidence to indicate this early on and indicate that storms are beginning to develop now. >> and you want to get that word out as quickly as possible. like we said, you can't sa

did you call steve weiss ps a did he l with adelweiss at the top of the show? >> yes. simon, i'm not married to tammy fae baker. i was ready. >> very good. you do have to worry about staying and you do have to worry about the markets because ibm, talk about european weights, if nobody shows up for the spanish auction tomorrow, then ibm's earnings are going to get worse in europe. that's why you have to worry about it. but the one thing i know about markets, when the whole world is talking about one particular event, it rarely ever turns out the way the whole world expected. i would expect the ecb and the spanish bank to be in there buying that auction tomorrow and off to the races. i looked at revenue year over year. but these stocks have rallied dramatically. weren't they bound to sell off unless they gave somebody -- and the markets something even better? >> well, with it has to be a beat and guide significantly higher at this point. but you're coming off, as i said, price levels that in the case of intel is at a seven-year high. i think a correction is warpted. i th

steve weiss, i mean, you were one of them who said you didn't like this at all. just wondering if jpmorgan is taking on a good chunk of the risk here, now do you like it? >> i'd have to know more about it. >> oh, man, come on. >> it's never that easy. i don't know who's got the price risk. of course you can always find an end market to take your production. >> but you dissed it big time without knowing any other details on it. >> who else is on the show? pete -- >> pete was trying to stick up for anderson with that one. >> anthony hated it. but here are a couple more data points. essentially they've been thinking about this for years, scott. they've recently hired a head of fuel at delta who used to work at conoco phillips. he's intimately acquainted with this refinery. output is like 180,000 barrels a day. more or less is jet fuel. maybe they can take that up. other things to remember delta could hedge this in the paper market but they have a junk rating. so the cost of financing trades for them, the possibility of a margin call if prices go in the wrong directi

steve weiss as you were telling tom you like the financials here. >> i added jpmorgan. of course it went lower today. but to me this is panacea for the high quality banks of which jpmorgan is the highest quality. the wind is completely at their back. there are no issues going forward. it's dirt cheap. so i think you have to own the banks here. i think they'll lead the market going higher, when rational thinking takes over again. >> no issues going -- >> very few issues. relative to what people were looking at and their fears no spread for the flat yield curve. i think the fed will be wrong and raise rates sooner. we talked about the inventory. they're getting smarter. there's so much there. credit quality. >> starbucks upgraded to buy from neutral over at goldman sachs. >> we talked about this yesterday. 54.62. that's last week's low. you stay long against that level. everything is going great for howard schultz and starbucks expanding in china. fundamental solid technicals as well. >> shares of aig in the green today, after an upgrade from bernstein research. the analy

and steve weiss, my other point is the economy is fine. it's not fabulous, but it's fine. we had the adp employment report. probably pretty good payrolls coming out on friday. we had the ism services index, the nonmanufacturing index. you know, you could be looking at a 3% economy. my question to you what, do you think of my scenario or what is your scenario? >> i agree with your scenario? >> you do? >> i think that the fed statement yesterday was actually the perfect statement. they say that they're not going to have any more qe, which actually has begun to be destruct alternative both the household, to corporations just across the playing field. but yet they say the economy is picking up. i don't believe they're going to keep it where they are through 2014. i think they'll be forced to tighten sooner because the economy is going to be a lot stronger. so i'm buller. i've been looking for a consolidation, not look future a big correction. but i'm focused on domestically focused stocks. one would be the airlines. i'm looking at, for example, usair. i own it. i love -- >> be

. >> steve weiss. >> decline in long buying is over. would buy tbt which is short the long end of the curve. >> and anthony. >> i'm long the new york mets. and if you're a fan, i want you to be long them too. today's opening day.

weiss? >> sorry, steve, short it. >> add it to my mcdonald's longs today. >> you added to your mcdonald longs. match the burgers you eat. >> i do not eat any burgers. >> that does it for us. don't forget to catch more "fast money" tonight at 5:00. "power lunch" begins right now. >>> michelle, thank you very much. three hours to go in the trading day. and it's a day to take some profits. after two big up-days, the major markets trading lower across the board. is the volatility scaring off the retail investor? and what does that mean for the markets over time? insight from an all-star investors. sue. >> ty, we're going to invest in the auto rebound. audi could have a big impact on the luxury car market here. brian. >> and don't forget about microsoft. up about 24% in the last year. they report tomorrow. we'll let you know how to play it today. i'm brian shactman along with sue herera and tyler mathisen. "power lunch" begins right now. both tyler and i got haircuts today. go to twitter or whatever, tell us who got the better haircut. i think his is better. yesterday green across the board. today

weiss is here with her reviews. >> it is based on the book by steve harvey called act like a lady, think like a man. this movie almost feels like an infomercial. steve harvey is in the movie. at times he's actually narrating passages from the book. once you get past the fact you are being told to buy this book, it is actually a fun movie. it is about a group of male friends, and one of the things i liked about this film is you believe in the male friendship. it is funny because jerry ferarra is one of the guys. that's what the film has in common with "entourage" you believe in that strip friendship. -- you believe in that friendship. each one of these guys represents a stereotype. we have the player, the mama's boy, we have the player who can't commit, and we have the dreamer. they are wooing the people who have their hands on this book. they are stratjiesing to get the men to behave how they want them to behave. all of that is fun for a while. at the end, the boys -- guys get their hands on the book. they plan a counter strategy to the strategy. also, kevin hart is in the movie. houf, i did like mo