if you want the participate, you need to e-mail us at cnbc.com. back right after this. >>> tonight on cnbc sports biz, curt schilling's move from the mound to the video game industry and how he plans to ace the world as chairman of his own company, tonight p.m. eastern on the nbc sports network. meantime, welcome back to "options action." actors, athletes, and even mobsters have all done it. we're talking about calling into the show. it is a sensation like no other. who is the lucky caller tonight? it's just amanda -- we shouldn't say just. it is amanda in new york. she counts modern family and "options action" among her favorite shows. when she is not tending to her dog sid, she is of course watching the show. >> hey, guys. i'm a huge fan of the show. thank you so much for having me on. i saw the huge move in wynn resorts today, and i want to go along. what do you think about buying the april 125 strike call for $9? is this really a winning strategy? >> winning strategy? she has watched the show a lot. she has the corny sense of humor we all shar

tell us worldwide at cnbc.com. or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. >>> welcome back. >>> welcome back. let's start here in the united states and take a look at the future and see how we're setting up for a trade today. looks like we're going to be a mixed open. if we were to open now, the dow would be lower by 8.7 and the s&p 500 lowered by one. the financials leading the rally higher. we're seeing some post-stress test there for that sector. the dow, the nasdaq and the s&p hit new 52 week highs. so it looks like we here in the united states are driving things. how do things look over in europe? >> it is. all the other economies in the world are weaker. so it is amazing how we just focus just on the united states. we're up for 8-month highs there. just by 5-4. it's a very slim gain. and that translates into slim gains as far as the leading indices are concerned. just up 11 points. we're flat. we're about a quarter of a percent higher. as far as eur

. >>> if you have questions, e-mail us at cnbc.com or follow us on twitter. s "at" in quotation marks and it's squawk@cnbc is the handle. do you tweet yet? >> no, i don't understand it. i can't even read the screens. you printed it small. for people like me. >> we're in the same boat. >> you got to put pictures on here for me. >>> how the government's data holds enormous financial value. cnbc's eamon javers will have that story right after the break. quarterback is co "squawk" is coming right back. >>> my mission is protect you. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> futures still triple digit gains expected because we're down 14 points or so on fair value, that

. >>> comments, questions about might go you see this morning on squawk, e-mail us at squawk@cnbc.com talk march madness, but first a programming note. jim skinner, retiring mcdonald's c chlt o. . an investment opportunity you didn't see before. fidelity's next generation ipad app lets you see what's trending around the world, as well as what over a million fidelity customers are trading throughout the day. and advanced charting lets you customize your views and set up your own comparisons. our ipad app can help refine your strategy or even find a new one. i'm velia carboni, and i helped create fidelity's next generation ipad app. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades and explore your next investing idea. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the sam

e-mail us at sots@cnbc.com. follow us at facebook.com/cnbc. and get our twitter updates, .s hard. but i have this new smartphone. and now i can see everything more clearly. ♪ i can organize the analysis. sort through all the data. maybe even rattle some cages. i predict that i'm going to like the future. because the future is where i'll be serving up humble pie. a la mode. [ male announcer ] at&t introduces the samsung galaxy note. phone. tablet. both. ♪ >>> i'm bertha coombs at the nymex. eia inventories show a smaller-than-expected build when it comes to crude inventories, up 832,000. we saw a bigger-than-expected distillate drawdown and a smaller-than-expected drawdown in gasoline of about 400,000. just shy of 400,000. refinery utilization was up about .3%. one of the problems that continues to dog wti is the fact that we are seeing builds at cushing with all that production coming out of the bakken. this week we saw a 2.36 million barrel build at cushing. the response, fairly muted. we've had crude oil flat pretty much on the session. a little bit lower on gasoline. we'

us an e-mail. options action at cnbc.com. we will answer you after the show on our website. "options action".cnbc.com. we post updates and do check it out. here's what's coming up next. >> it's not a pretty vista. this month dan made a bearish bet on microsoft, but the stock has been flat. with money left, is dan ready to pull the plug? find out the answer when "options action" returns. >>> time for pump up the volume, names that were heating up this week. this pharmaceutical player focuses on treating diabetes and the stock is through the roof. bristol-myers squibb wants to buy the company out and they flared up the call volume, betting a bidding war will give them a shot in the arm. who is it? the answer when "options action" returns. >>> where are options traders pumping up the volume? call volume was almost 17 times the average daily volume. >> time now for total recall where we look back on the trade that is neither winning or losing. dan taking aim at microsoft with a bearish trade after working out and the stock moved against him. he limited his losses and here's how.

talk to us any time, e-mail us at sots@cnbc.com. ke ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engines are built by hand with very precise assembly techniques. [ mike ] it's gonna fly people around the world. safely and better than it's ever done before. it would be a real treat to hear this monster fire up. [ jaronda ] i think a lot of people, when they look at a jet engine, they see a big hunk of metal. but when i look at it, i see seth, mark, tom, and people like that who work on engines every day. [ tom ] i would love to see this thing fly. [ kareem ] it's a dream, honestly. there it is. oh, wow. that's so cool! yeah, that was awesome! [ cheering ] [ tom ] i wanna see that again. ♪ a living, breathing intelligence teaching data how to do more for business. [ beeping ] in here, data knows what to do. because the network finds it and tailors it across all the right points, automating all the right actions... [ beeping ] ..

stuff. >>> by the way, if you have any comments or questions or thoughts on the taxes e-mail us here at cnbc.com twitttwitte twitter @squawkcnbc is the handle. >>> plus we'll drink beer it says here. "squawk box" on this pre-st. patrick's day, we'll be right back. >>> up next adding to an energy empire. kinder morgan buying el paso, but it hasn't been easy. controversy and questions remain for the ruler of gas pipelines. kinder morgan ceo richard kinder joins us next to set the record straight. you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. here's a chance to create jobs in america. oil sands projects, like kearl, and the keystone pipeline will provide secure and reliable

you have any comments or questions about anything that you've seen here on "squawk," e-mail us at squawk@cnbc.comay, follow us on twitter. we just heard from presidential candidate newt gingrich. next, we're going to speak with eric cantor who is out with his endorsement of mitt romney. by the way, tomorrow is a super tuesday here on squawk. we have alan malally, john padesta, and donald trump of the trump organization and we'll talk energy with boone pickens. coming up on wednesday, presidential hopeful mitt romney will be joining us after the super tuesday elections. "squawk box" will be right back. [ dog barks ] appears buster's been busy. [ man ] yeah, scott. i was just about to use... that's a bunch of ground-up paper, lad! scotts ez seed uses the finest seed, fertilizer, and natural mulch that absorbs and holds water better than paper can. looking good, lad! thanks, scott. ez seed really works. so, how come haggis is so well behaved? 'cause he's a scotty. oh. scott: get scotts ez seed. it's guaranteed. seed your lawn. seed it! that is better than today. since 1894, ameriprise financial has

. >> anyway if you have comments or questions, e-mail us at squawk@cnbc.com or follow us on twitter @ the truckers handling the higher fuel prices? we'll talk to the ceo of the american trucking association right after this. so uh this is my friend frank and his, uh, retirement plan. one golden crown. come on frank how long have we known each other? go to e-trade. they got killer tools man. they'll help you nail a retirement plan that's fierce. two golden crowns. you realize the odds of winning are the same as being mauled by a polar bear and a regular bear in the same day? frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] ♪ [ male announcer ] get a retirement plan that works at e-trade. >>> welcome back. if fuel prices jack up to $5 a gallon the trucking business could slow >>> welcome back. if fuel prices jack up to $5 a gallon the trucking business could slow to a snail's pace. bill grace is the former governor of kansas, governor, good morning. >> good morning. >> let's talk about fuel prices. put in perspective what is the fuel cost as i

if you have any comments or questions about anything you see here, go ahead and e-mail us at squawk@cnbc.com look to see if president obama's health care law is sound medicine. and our trading block is coming up. "squawk" will be right back. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, ♪ here i go again on my own, going down the only road i've ever known ♪ >> best buy is expected to earn $2.16 for its fourth quarter with revenues of $17.2 billion. analysts say tighter expense controls rather than improved sales will be the key driver for the quarter. we are watching shares of gene sequencing company illumina today. roche hikes its takeover bid to $51 per share. >> we are tracking crude oil, the dollar and futures. john, why don't we start off talking oil because it looks like oil prices are indicated lower once again. we've seen several days of down days for crude. is

at the pump? we'll talk integrated energy names in just a moment. >> announcer: want more "squawk on the street," no problem. talk to us any time. e-mail us at sots @cnbc.comtings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ kareem ] i was fascinated by balsa wood airplanes since i was a kid. [ mike ] i always wondered how did an airplane get in the air. at ge aviation, we build jet engines. we lift people up off the ground to 35 thousand feet. these engines are built by hand with very precise assembly techniques. [ mike ] it's gonna fly people around the world. safely and better than it's ever done before. it would be a real treat to hear this monster fire up. [ jaronda ] i think a lot of people, when they look at a jet engine, they see a big hunk of metal. but when i look at it, i see seth, mark, tom, and people like that who work on engines every day. [ tom ] i would l

questions about anything we've been talking about this morning on "squawk" feel free to e-mail us at "squawk"@cnbc.come come back some of the global market headlines and, by the way, "squawk" is just getting started this morning. our news hakers include donald trump at 7:30 eastern. we have t. boone pickens. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ only hertz gives you a carfirmation. hey. this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> welcome back to "squawk." red arrows across-the-board. the dow would open up 85 points lower. making headlines this morning, au

comments, questions about anything you see here on squawk, e-mail us at squawk@cnbc.com. us on twitter, @squawkcnbc is our handle. >>> up next, there's been nothing sour about lululemon stock performance up more than 40% this year. more than 30-fold over three years. so what has the yoga-inspired retailer been doing to keep investors coming back for more. >> you like those pants, right? you wear them. >> i learned how to wear them but had some rough sledding the first couple of tries because of the boxers. >>> later, mitt romney joins us from the campaign trail with reaction to super tuesday results. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. >>> we're bac

comments, questions, e-mail us at squawk@cnbc.com, follow us on twitter @squawkcnbc is our handle. >> box" with larry kudlow, coming back. you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. we asked total strangers to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. ♪ ♪ cheeseburger in paradise, heaven on earth with an onion slice ♪ >>> how do you like your burger slime or no slime. the department of agriculture is offering schools a choice of the ground beef that they buy amid concerns over an ammonia treated filler othe

. >> comments, questions about anything you see here, e-mail us at squawk at cnbc.com.g up, if it you're worried about the beef you're buying, two grocery store chains have a message for you. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. >>> making headlines, safe way and super value say they will stop buying the product critics are calling pink slime. the company cites customer concerns for the decision to pull the meat. and tebow mania is coming to new york. the water cooler story of the morning. next. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritu

cnbc.com. but the point is this, that liability is largely created at management's discretion using various assumptionsn what will happen years from now, if and when the product hits the market. now, i checked with veteran forensic accountant on this very thing. and he runs the financial shenanigans detection group. he told me that spread between the amount of cash paid and the liability, well, that's really unusually wide. so so wide that he believes mylan has created quite legally very important to point out the equivalent of a giant reserve that over time can be reversed to boost earnings. the cfo told me that all investors in any drug company really care about is earnings adjusted to ignore that kind of thing. and maybe that's the case. but it all starts with that nonadjusted number. that gets back to the six-year forecast we're talking about. look at the chart since that forecast was made, it appears wall street has its doubts as well. >> i got to ask you, this really begs the question, how could an investor, how can we tell whether or not a company used balance sheet to boost earnings? >> agree q

use. the stocks at both companies have been acting as if the deal will be approved. as i write on cnbc.com today, the merger would likely turn an o goply into a due oply at least that's what the critics say. all lead to the questions are they simply becoming too powerful? have they become more than what they were originally meant to be? or without them would we all be paying much more for our meds? and as all of this is being hashed out, look at walgreens right now. it told express scripts to take a high recently. today reported lower monthly comps but sharply higher month front end sales, its stock is up. what to make of all this? bring in our guest joining me now ceo of the pharmaceutical care management association and the industry's chief critic, a former ftc attorney who represents the specialty pharmacy industry. thanks for joining us, guys. >> thank you. >> mark, i know you cannot discuss this deal specifically. i understand that. but i do have to ask, when you get into a situation like this where you have an industry very tightly consolidating, how is less competition good? >> well

and our good friends at cnbc.com came up with a list of stocks that are currently firing shots loud and clear that they could drop in a big way. here's the criteria that they used. pay attention. maybe you want to get your pens and pencils out right now. these are stocks that are, a, in the s&p 500. they have an average short interest of at least 3.86%. meaning about 4% of the people that own the stock are betting that it will drop. plus, the average analyst estimate has to be far below the stock's current trading price. in other words, wall street is negative on the prospects at least as far as earnings go. so one of the stocks that those folks found that might be poised to drop, here are the names. you've got whirlpool, the gap, chipotle mexican grill, herb's favorite, netflix and also sears. you can see some of these stocks have already had some tanks. again, guys, these are five stocks that identified by our friends at cnbc.com of maybe having characteristics of set to drop. >>> they have been big momentum plays. the question is how do you stay on the right side of the mojo? let's ask steve weiss and our very own herb greenberg as well. but i want to start

at. the price induced by google and you want to overhaul prices in the eu as well. so that's a subject. any questions or thoughts or comments you can e-mail us worldwide@cnbc.com. what kind of reaction to that chinese pmi data? >> well, we're getting not much of a reaction. markets are mostly concerned about what fed chairman ben bernanke said and he kind of played down qe, so that's driving sentiment lower across the region trading some profit taking across the markets, so most of the markets are weaker as a result. the shanghai market is up 0.1% today. basically, despite an uptick in manufacturing activity we saw, we know that pmi rose better than expected. the banks were kind of weaker on fund-raising concerns after a report that the industrial bank was raising $4 billion to institutional investors and that drove bank shares lower. the hang seng drifting lower 1.4%. those fears in china dragging down the property plays as well as the financial plays on the whole the last month. the index is still up 5%. over in taiwan flat. the nikkei 225 failed to hold on to the key 9,800 level locking some profits, 0.1% lower. but last month did pretty well. this particula