let's bring in the host of cnbc's "the call" trish regan. what's been the reaction? >> hey there.cted to a certain extent, david. i mean, investors had anticipated this would happen so we've actually got a market that's up today for a host of actually other reasons related to greece, in fact, and the u.s. dollar. but the reality is investors are very concerned about what this is going to mean over the long term. they're concerned about the u.s. economy and mounting deficits and there is not one person on wall street that believes this is going to have any contribution in terms of reducing the deficit. david, they believe quite the opposite so the expectation is that this is going to cost the u.s. economy a lot of money at a time when it's really questionable as to whether or not this economy can afford it. >> and, trish, in terms of the longer term, given nah certatha things kick in in a couple years like the mandate and certain penalties how does that affect what investors are seeing? >> investors are worried that what you might see is people will start to pull their money out of

we go to trish regan and the "closing bell." >>> it is 4:00 p.m. on wall street, do you know where your money is? welcome to the "closing bell," i'm trish regan in for maria bartiromo, and here is what we are following at the close. the stock rally losing steam at fitch cut portugal's credit rating raising concerns about more debt problems in europe. now, unexpected decline in new home sales weighed on the markets. treasury yields surging after weak demand for the government's $42 billion sale of 5-year notes and the yield on the 10-year rising to the highest level since early january. and oil prices tumbling 2% to close under $81 a barrel. well, lots of news also happening across the pond, and that is where we will find our maria bartiromo who is on assignment in london. maria? >> two major stories rocking the uk today. first britains finance minister alistair darling releasing the much anticipated budget plan today and we have the details. also, the news on the arrests in one of the biggest insider trading cases in london, and we saw arrests at d

i am trish regan. we want to get you caught up on the markets. we are still in the green right across the board. the market had gone into positive territory for the year for 2010, however, it pulled back in part because of that cnbc interview that steve liesman had with the kansas city fed president. he was striking a rather hawkish tone, so the real they eventually interest rates will have to go up here really started to seep into the markets and we saw a little bit of a pullback. i want to point out oil right now is back above the $ 0 a barrel level and is cnbc's sharon epperson is joining us from the nymex with the energy call on the reason for the move. hi there, sharon. >> hi, trish. once again we see this push to $80 a barrel. let's see if we can sustain it. it's happened several times over the last weekend and we were unable on sustain prices at these levels and it seems investor demand continues to take crisis higher. you look at the cme volumes for february for energy, and they were up sharply up 5%, 12%. add to that the fact that it's b

cnbc's trish regan is at the new york stock exchange for us this morning. what's the focus there today, trish? >> good morning, natalie. focus is housing. we did get some numbers this week that suggest housing is under pressure. new data coming out today but the latest numbers are really indicating that existing home sales have fallen for the last three months. now that's an issue because it suggests that inventories are building. if inventory levels are high, then of course buyers have much more to select from but they may be more reluctant to buy overall in housing has a key part of this economy right now. >> trish regan at the new york stock exchange, thank you. >>> in connecticut, two elderly sisters who haven't spoken to each other in five years faced off in court tuesday over a half a million dollar powerball jackpot. years ago they started buying lottery tickets together and agreed to split any winnings but they had a falling-out in 2004 over a fight over a few hundred dollars. the next year one of them bought a powerball ticket with their brother and

cnbc's trish regan is at the new york stock exchange with a look at what wall street is keeping an eye on today. good morning, trish. >> good morning, natalie. wall street is definitely watching any company that has anything to do with health care as a result of that health care bill. insurance companies and pharmaceutical companies under pressure this morning. they're concerned about the amount of money that's being spent at a time when the economy is just trying to crawl out of a severe recession. so, deficits are definitely another issue on the table. finally, investors are worried about the tax increase. and what that's going to mean for investment income and whether or not people will take moy out of the stock market in years to come as a result of that tax. natalie, back to you. >> trish regan at the new york stock exchange. thanks so much. >>> turning yellow into green. ohio, new jersey and utah are some of the latest states to consider allowing advertising on school buses. school districts in half a dozen states are already selling ad space to raise money at a time of dwindling

we saw yesterday with debt auctions maybe again today. >> trish regan at the new york stock exchange, thank you. >>> it was a frustrating commute home wednesday for people in pomona, california after a small plane made an emergency landing on a freeway. the pilot had reported engine problems. no one was hurt. >>> take a look at this incredible video. spectacular sight in southern iceland where a volcano is erupting near a glacier. scientists used snowmobiles wednesday to get a closer look. it is creating rivers of lava more than five football fields long and sending smoke more than two miles high. nearby residents have been evacuated. fantastic pictures though. but i wouldn't want to be the guy in that helicopter circling above. >> i would watch it that close. >> you would? >> it is amazing to be that close in a helicopter. >> that's your latest weather. >>> there is relief in sight for some troubled homeowners. the nation's largest mortgage company has announced a program to help so-called underwater borrowers. but not everyone is keen on it. cnbc's dianaolick is in washington with m

i'm trish regan.

i'm trish regan here at the new york stock exchange where we're watching a market that is getting closer and closer on the dow. the question now, is whether it is time to sell bonds and buy stocks. we're going to talk about it. hey, larry. >> hello, trish. i'm larry kudlow. the obama administration expanding its plan to help troubled homeowners. we'll speak with the fha commissioner about it and we'll debate whether it's a good idea or government gone wild. >> i wonder what larry things. >> our special cnbc day-long coverage focusing on manufacturing jobs coming back to america but do manufacturing jobs matter to the u.s. economy? this is "the call" on cnbc. stonchlthsices are rising but the real action is in treasury and still the major indices in positive territory despite fourth quarter gdp the expenditure measure rose at a rate of just over 4% in the first half of the year. good signs of recovery, that's my theory. i welcome yours. the s&p 500 trading at six points and radio shack the biggest gainer in the s&p right now. the dow industrial traded plus side by better than 52 points. b

. >> i'm trish regan in for maria bartiromo. well, investors are taking a breather here as some of the rally loses the steam and key moves today and notably today in the treasuries where we saw the 10-year note go to $42 billion in five-year notes. and big spikes in the victor fear indicator and sharp dip in the euro as a result of the portugal news and more on that in a moment. but first, take a look at the major averages. we have the dow right now trading down 54 points and of course, contributing to all of this is concerns about the housing market and home sales data coming in for the fourth month in a row and lower on the heels of yesterday's housing data with the existing home sales and taking a look at the nasdaq right now, because it is trading off 15 points, a loss of .06 of a percent. 2399 is the level, and the dow is down better than six points and loss more than .50%. and time now for the closing bell exchange and here to tell us the themes of the day that they are seeing in the trading session, we have mr. bob pisani

i'm trish regan at the new york stock exchange.we're watching the stocks end the quarter on a down note thanks to the disappointing adp report. we're going to talk about jobs and we're going to talk about the market and talk about where you need to be right now. good morning, larry. >> good morning, trish. drill, drill, drill. president obama to announce his new drilling policy and we'll look at horsepower cars and take the whole thing live to talk about the investment opportunities in the oilç drilling sector. melis melissa, you buy into this? >> i'm melissa francises and rim is out with its earnings after the bell. we'll tell you what to expect. what is a better stock play? this is "the call" on cnbc. stocks are lower but off the lows of the day after the adp showed a loss of 22,000 jobs instead of the expected gain of 22,000. boeing, the latest company to take a charge, $150 million or 20 cents a share for increased health care reform costs. right now, take a look at how the s&p 500 is trading. it is to the down side by 2 point

i am trish regan. we've got stocks fighting back after getting off to a rather weak start. the health care bill just one of the things investors are contemplating right now. >>> also the dollar getting a bit of a boost here thanks to ongoing concerns about greece. we'll talk about it all. >> i'm larry kudlow. an historic vote to overhaul the nation's health care system. we'll look at the big winners and the big losers and debate whether the prescription for america will kill or fuel the stock market rally. >> hi, larry. i'm melissa francis. google set to announce its next step in china. will the internet giant pull out? we'll tell you what that would mean for shareholders and rivals microsoft and yahoo!. this is "the call" on cnbc. >>> stocks making a comeback, erasing earlier losses. health care among the sector of leaders on the back of that historic vote. energy stocks also leading declines. the dollar also getting a pop on concerns about greece. take a look at the s&p 500 right now. it's up. barely positive on the session, about a third of a percentage point. climbing w

i'm trish regan. >> i'm larry kudlow, see you tonight on "the kudlow report" at 7:00 p.m. eastern. and "power lunch" is up next. >>> welcome to "power lunch." we are live from the cti and you just saw the big, wide pan of the wireless conference. the wireless revolution is here. why does this matter to you? you see this? this is a laptop, this is a phone. but the distinction is dead. it's over. they are now one in the same. that's what this conference is about. all about how we do business and how we communicate. for the next two hours what it all means and how you profit from it. head honchos from sprint coming up and you see the big movement and tyler, it's exciting. >> you bet it is, michelle does vegas. i'm tyler mathisen the move towards dow 11,000 taking a breather so far today but bank of america, general electric and breauxing a boeing all bucking that down trend. >> i'm sue herera, should you be bullish on health care? a number of money managers say, yes, you should. that straight ahead and here's what else is on the menu. >>> i'm jane wells in las vegas. 28 locations put

." >> i'm trish regan. >> i am larry kudlow. i was worried about melissa defending that mortgage intervention but we squared it off the camera. i'll see everybody tonight on "the kudlow report" at 7:00 p.m. "power lunch" is up next. >> bye-bye. >>> all righty. fired up about housing. welcome, everybody, to power lunch. i'm tyler mathisen. it is a friday on wall street. the dow up again after yesterday's late day swoon. a higher close today means the industrials will have posted gains for 17 of the past 21 days. the tortoise rally back alive and well. >> i'm sue herera. housing welfare or war fare? the president is out with a new plan to help struggling homeowners. is aiding underwater and struggling borrowers the right fix or just kicking the can down the road? >>> i'm dennis kneale. bernard madoff the fallout from the crime of the century still leading to foreclosures. >>> we'll toss to the market action right now and bob pisani kicks it off at the new york stock exchange. nice, green day, bob. >> yes. financial s holding up pr

i'm trish regan. >> i'm larry kudlow. see you tonight on "the kudlow report" and "power lunch" is up next." >>> welcome to "power lunch." i'm steve liesman. cnbc has obtained excerpts from treasury secretary tim geithner's speech this afternoon. he says it's a defining moment on the debate on health care reform. he says if we fail to act america will lose the opportunity to set the global agenda. financial regulation, he says, is a test of the nation's capacity to deal with complex and consequential problems. he warns against amendments that would weaken the bill. and he very, very strong rhetoric here, listen less to those whose judgments brought us this crisis. listen less to those who told us they were masters of noble financial innovation. he will not accept a bill that does not have strong protection for consumers. and he says the bill must contain -- constrain risk taking by big firms and protect the economy from risks. so, tyler, strong words from the treasury secretary here in a speech he will give later this afte