eastern. it's 4:00 on the street. the dow jones industrial average up about 28 points. about 15 minutes before the close, we saw the market actually go in negative territory. pretty good burst, about ten minutes before the close, ending just under 13,000 at 12,980. volume, just anemic once again, under 800 million shares here. nasdaq strong, technology the winner on the year. up 22 points on the session. three-quarters of 1%. below that 3,000 mark at 2988. the s&p 500 up to 1374. let's check in with sharon epperson with the big move in oil and the rumor circulating out of saudi arabia. over to you, sharon. >> it was that one report that we saw that came from iranian press tv about an explosion of a major pipeline in saudi arabia that caused this spike to $128 a barrel. we're now hearing that saudi officials say it is not true, and that is perhaps why we've come off of that mark. but still, brent crude futures up $4 here. and at the highest level we've seen in about four years' time. we're looking at wti futures across the $110 mark. but keep in mind, reports now from saudi officials say that this is not true, that this explosion has not occurred. but it was the catalyst that certainly took traders bidding up this price in electronic trading, and of course, very thin volumes in electronic trading as well. the wtietf seeing huge volumes in electronics rating as we have seen the oil price surge as well. maria, back to you. >> sharon, thank you so much. now let's get to bob pisani, looking at stocks today and what went on at the end of the day. >> we held up pretty well overall. weakness in the consumer names, but overall, you're right about that, the market leadership, still technology stocks. i'm going to show you what i like, and things that i don't particularly like here. i like the fact that the dow transports, you see that, up 1% on the day. that's good news, because we see real problems in the last few days with the transports underperforming. today they outperformed. s&p 500 up, and nasdaq composite, still leadership in the technology area. that's certainly good news. if you want to wonder why we're weak in the middle of the day, it was mostly conmer stocks here. procter & gamble, johnson & johnson, coke and merck were weak throughout the day. i don't think the market was rrout that, because after all, we're looking for the growth names to be moving up. as long as tech keeps doing it, i think the market will be fine. how about the leadership groups. it's very narrow. we've got retailers doing great. just a great february in terms of retail excellent with the warm weather. that's helping. gas, buckle, macy's, tjx, ross stores, outstanding numbers across the board. technology stocks, are you tired of apple and microsoft every day? we need a little broader leadership outside of these retail and tech stocks. got to get new names in there in terms of the newghlists. what else was going on here today. i want to show you the pricing that we're going to have tonight for yelp. this has a lot of people interested, because we're expecting 7.2 million shares at 12 to 14. you see that price? it's going to be higher at the open. i hear the deal has already closed and it's oversubscribed. we'll give you more information in just a few minutes on the prospects here. all the other tech stocks that have done well, cloud computing stocks so far this year in the tech space, this is one that's w it does. >> we've got numbers on the first day of trading on various technology stocks that were priced here at the new york stock exchange. we're going to bring you first day of trading, better than 20%, that are priced here at the let's take a closer look at the market action here. good to see you both. thank you for joining us. liz, let's talk oil for a second. after the close tonight, oil going up to $110 a barrel. now we've got reports in fact the rumor that there was a pipeline upset in saudi arabia, not true. but at $110 a barrel oil, is this going to be an issue for the markets and the economy? >> probably not. there are a lot of comparisons in the spike of oil recently and in 2010 and 2011. the difference then is i think a lot of that spike was a function of quantitative easing on the part of the fed. i think it's a function of stronger growth, not just in the sufficient but globally as well. i think it's one of the reasons the correlation between stocks and oil has actually been positive. in other words, both have been going up simultaneously. >> a great point. corporate earnings have been, chris, the perfect part of the economic recovery so far. you've got loaded with cash, strong numbers in terms of the corporate sector. is it going to slow down? a lot of people say the estimates are too high for the corporates. >> i don't think it's going to slow down. we'll continue to have slow growth in the economy. but you see corporations have done a really good job at constraining their costs. they're rich with cash. as they start to push that cash to work in new opportunities, that will continue to fuel the economic recovery we're seeing. >> you like this market. you're bullish. do you think we'll have a good year? you think valuations are just attractive, that's the bottom line for you. >> i think there are a lot of companies still selling at great valuations. one really good play i like, especially if you can see a recovery in the european debt crisis, is large money center banks like jpmorgan and citigroup. they're well poised, 9 pe ratios. they're stronger than european banks. they could really take advantage of the opportunities once the debt crisis is solved. >> but is that a big "if" liz? what's your take on europe right now? is this a wild card for the markets? we're approaching the next deadline for greece to pay their debt. >> they solved what had become an acute liquidity crisis. it certainly doesn't solve the sol solvency problems in greece, and prevents the downturn. i think getting to the march 20th is an important point. but that does not mean that greece is out of the woods. we still think there's a decent likelihood of a default down the road. i think the likelihood of it being disorderly has been limited by the virtue of the time effect that we're so much more well aware of this, than, say, when lehman fell a few years ago. >> the european situation has pressured valuations there. would you be a buyer, chris, of certain stocks within europe given the fact that everybody throws the baby out with the bath water? >> european stocks are very cheap compared to their counterparts in the u.s. and i think opportunistically yo rea d there. the large cap stocks are global players. they're not just what's going on ineurope. and european stocks tend to sell much more to the emerging markets than u.s. stocks. >> you mentioned a couple of the banks that you like, becse of the valuations, pes of 9 and 10. what are you expecting out of the federal reserve stress tests? we'll get the details in the next couple of weeks. do you think the guys are well capitalized at this point? >> i think they've done a good job at restructuring, and recapitazing since the '08 crisis. so i think they're going to come out of the stress test just fine. and i think getting behind them should fuel some type of increase in their stock price as well. >> and i know you like valuations as well, liz. are there areas you should be avoiding right here? >> i think probably make sure you're not overexposed to the defensive areas that were last year's kind of bright spots, things like the consumer staples and utilities. have a little more of a cyclical portfolio. >> that's exactly what we've been seeing, better numbers. thanks so much. great to talk to you. thanks for joining us. we'll see you soon. appreciate your time.s&p 500 no up 15%ear-to-date on nasdaq. why the market may take a breather before its next move higher. then yelp, expected to price any minute. we're going to get the ipo pricing. then ca markets division 14. profits down 17% for td bank. before we head to the break, look at highlights from our guests on cnbc all day today. at this point in time, people have to be aware tt inflation pressures could pick don't that rht now, they could pick up. and if the fed doesn't react,f it gets stuck in this zero for too long, we could definitely see those inflationary pressures. and i think you're seeing signs of that. >> now in the last couple days, the ltro was aggressive, but it's out there, kinus. at the same time the fed is not taking the punch bowl away, but moving it further down the ble. now we shift our focus just to the economy getting better of the that's a vulnerable period for the stock market. >> i subscribe to the philosophy if you have a basket of high-quality companies that can generate cash flow in whatever the outliers of the economy, whether inflation or deflation, that's how you preserve wealth, how you increase wealth. it's not a very complicated story. >> if i were a buyer of protection on greece, a have seen the result this morning in terms of the no protection, then, you ow, i would be upset. people with a machine. customers didn't like it. so why do banks do it ? hello ? hello ?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. i'm in ussels, where it is 13 minutes past 10:00. the eu leader to break up at any moment. ing into the summit, the finance ministers decided they were going to withhold half the l or eece. theypr that they need a few more days to work out whether athens has done enough. the 38 prior actions to get the the thursday deadline on th debt restructuring with the private sector. will that go through? another meeng be held on course, that march 20 deadline looming. >> simon, thank you very much. the upswing. quite a year for equities. the party may come to an end according to the charts, at least take a breatherefng anoth. ac to gordon, a cnbc contributor. let's get to jord on rhthat tre watching. let's get right to it, jordan, what are you looking at? >> we've had a tremendous run in january and february. in march and april we look for the market to exhale and take a bit of a pregnant pae.e emergin if you look at january and february, they're strong, but once we get into march, that tends to be when the markets do start to underperform a bit. fast money goes into emerging markets. it's been a tremendous year for most of these markets. march is theen money tends to come off the table in the end space. in america, quarter end is marc. tax deadlines are in april. the seasonal back drop supports that. the. >> and let's take a look at the internals, jordan. we're constantly looking at the volume. what does that tell you? >> i was taught internals are everything with the stock market. what we're starting to see is a tremendous run higher, and it's still bullish this year. this is a percentage of stocks above the 200-day on the nasdaq. this is the advance decline line. as you can see here, we're starting to get levels right up where the market has paused. same with the nasdaq. we're starting to get to levels where historically, the market has far, too so fitting with thesonalack drop, that maybe we just need t catch our breath. >> i've been astounded at some of these valuations in technology. a lot of people saying that, sure, the nasdaq is the winner on the year. but let's not forge that you're talking about nine, ten, 11 times earnings which is lower than the broader market. you're bullish on tech as wel as and what about housing? >> biggest sectors we this year have been tech and and energy. we like all of them this year. but in the background we want to keep an eye on it's not on too many people's radar. the housing market has been g the broad market since 2011. now the housing ind, which has been in a range now for the better parof years is not far from breaking above the top of the range. so we' housing, the housing stocks are doing well, they're coming up to the top end of a three-year range where we expect it to pause and stutter step. but in the back half of the year, if we're right about keeping the bullish focus, banking, technology and energy, and housing, simply a position people don't have. >> oil moving to 110 a barrel. what do the charts say? >> energy's our favorite sector this year, while the market consolidates in march and april, we think energy goes higher. it will be heating oil. the maet cannot sit down, even when you had a chance to decline the best the market can do is go sideways. when you go sideways, it speaks to the underlying bid in the e wehould have a rrective activity, heating oil, even naturalas we're looking totojord, alwaysrek you >> day, set to go public tomorrow. we're waiting on the pricing the should expect from yelp. over to you,>> yelp will price sometime after the bell. ahead of trading tomorrow on the new york stock exchange. the filing pla to issue 7.1 million shares in a price range of $12 to $14. raising roughly $100 million for the online review company which would value it at roughly $840 million. now, because yelp has yet to turn a profit, long-term technology investors may be wary of its valuation, and its business model, especially since angie's list, a direct competitor, is already public and traded down about a percent since its november offering. meanwhile, those without a long-term tech, still think it could pop, especially with only &tout 10% of the company's outstanding shares being offered in the deal. bizarre voice is a review software serving an open table, it priced at $12 a share. and traded up sharply since then. maria, the pricing of this deal will depend on which view more investors take. especially as some social-minded investors decide just to wait arnd for cebook. pricings in t to show you technology that has happened here at the new york stock exchange. take a look at this data from rich peterson at s&p. the last six tech ipos here at the nyse gains on average 23.5% on their first day of trading. and bank rate and imperva with the increases of the bunch. bankrate rising 59% on that first day, and imperva up 33%. certainly we'll be watching yelp tomoow, onc ttrading kicks off. viacom at 345 this afternoon. the "wall street journal" reporting executive chairman sumner redstone will not be attending the meeting next thursday. a spokesperson is telling cnbc, quote, it is due to an unavoidable conflict. mr. redstone will be addressing shareholders in a video conference. it is not health related. much of the move after that news. viacom at $54.51 a share. breaking news on the strong february auto sales. let's get to phil lebeau the details. >> we now know how big the month was for the auto industry. 15.1 million vehicles. that was the sales pace last month. to put that in some perspective, that is the strongest monthly sales pace since february of 2008. easily the highest post-recession sales month. but again,million. it was the salce last month. most in the industry were expecting it to b 14.4, 14.5. much the entire industry. thank you very much. phil lebeau with the latest there. we're days away from the super tuesday primaries, in the republican presidential race. rickantorum explains what he needs to do to catapult himself back to the top of the polls. disney, about to christen its newest crews ship the fantasy. an exclusive up-close look at cruise business. stay with the "closing bell." back in a moment. a it allows underprivileged children to attend games that normally they would not have the opportunity to attend. it's really an enjoyable experience and something we've enjoyed doing over the last five years. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ ( [ tom ] we invented the turbine business right here in schectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that power the world. they go into power plants which take some form of energy, harness it, and turn it into more efficient electricity. [ ron ] when i was a kid i wanted to work with my hands, that was my thing. i really enjoy building turbines. it's nice to know that what you're building is gonna do something for the world. when people think of ge, they typically don't think about beer. a lot of people may not realize that the power needed to keep their budweiser cold and even to make their beer comes from turbines made right here. wait, so you guys make the beer? no, we make the power that makes the beer. so without you there'd be no bud? that's right. well, we like you. [ laughter ] ♪ welcome back. i'm seema mody here at the nasdaq where the tech-heavy index once again tried to break the 3,000 threshold but ends sh level. apple and mi hitting all fresh time highs this morning. we also had a couple of other tech stocks also posting gains. take a look at advance microdevices, acquiring c mike crow. this takeover will heighten the processor market. maria, back over to you. >> seema, thank you. the republican presidential candidates are hitting the road ahead of the big sup tuesday primary in ten states. john harwood sat down exclusively with one of the front runners, rick santorum. he joins us from atlanta with the details. over to you, john. >> it was fascinating, rick santorum is known as a critic of american culture and morality. he declined to extend that criticism to wall street, saying capitalism encourages morality. he rejected calls from republican insiders and some on wall street that he get out of the race to avoid further damage to the republican ticket this fall, saying we're not going to make it stop, because i'm going to win. and he gently poked at his wealthy rival, mitt romney's, inability, or difficulty in connecting with average people. >> i think there are a lot of successful people in this country who connect amazingly well with the american people. one of the reasons they are successful is because they connect well. i don't think that's the reason governor romney was successful. it's because he connected well with the american public, he was successful for other reasons. it's hard sometimes to go from one sector, or one area and transfer those skills into another area. and that's why you say, well, you know, i have business experience, that makes me the pest person. there are certain skills that business people have that are in fact helpful when it comes to being a political leadership. but there are skills also that those who were involved in public life bring to the table that are also important skills to governing this country. and i would just sugst that governor romney, like every candidate, has flaws. i do, he does. and the question is, who's the best person with the least amount of flaws and most amount of strengths that can actually win this election, and get this economy going. and after they win. >> a lot ofpeople that you know in politics, especially after romney won two contests on tuesday, are saying, we know he's going to be the nominee. let's make this process stop to avoid hurting republicans in the campaign. what do you say to those people? >> we can nominate another moderate republican. we've done really well when ominated the person whose turn it was when they were a j, jerry ford, george h.w. bush. wrong. we're not going to make it stop, because we're going to win. >> you're known as of american culture and someone who's concerned about the morality of the culture. when you look at corporate america and wall street, do you admire the culture of those parts of our country? >> yeah, i actually wrote an article for the templeton foundation. i was asked by the foundation to write an article about moral aspects of capitalism. and i made the argument that capitalism actually encourages morality. because capitalism can't function well if people can't trust each other, and people aren't onest. if a deal isn't a deal. so that's not to say people don't do bad things, and commit fraud and do other things, but the more moral the people are in their business dealings, the less paperwork you need, the more hand shakes you can have, the more the wheels of capitalism work better, because there's trust in the marketplace. >> maria, it's fascining that rick santorum, who's running as thca working man, the working class, the average person, declined to criticize wall street because he's also trying to outflank governor romney among wall street and among some in business. he's casting himself as a defender against the top 1% against some of governor romney's rhetoric and effort to avoid having working class voters pay for the tax cuts that governor romney's advocating. >> john, what's the santorum strategy then for the next couple of days going into super tuesday? we'll know super tuesday evening, correct? >> that's right, maria. there are ten states on the ballot. rick santorum's campaign is up on the air every ste exc massac was the governor and vermont. his particular focus is on ohio. he's also leading in oklahoma dtennessee. he even says he can pull an up georgia. newt gingrich's home state. >> i'll see you on tuesday when you and i anchor up special coverage of super tuesday. >> look forward to it. >> me, too. john harwood. up next, interview with ed clark. we'll find out what's happening in banking right now, from the state of lending to having tougher regulations impacting the banking industry. it looks like the st. louis fed is gearing up for the ipad 3 launch. stay with us. gu welcome back. bob pisani on the floor of the new york stock exchange. on the surface, it was another good day. you can't complain. take a look at the major indices, the s&p 500 is at another multi-year high, so is the nasdaq.re's the problem, th leadership is getting kind of narrow for my taste. really in terms of new highs, there's two groups, retail stocks, which had a great february retail same-store sales numbers, and technology stocks. that's basically it. a lot grout there that aren't leaders anymore. home builders, airlines moving sideways for a month. steel stocks have been going nowhere. the russell 2000, that's been going nowhere either. for the last month. bottom line here, maria, is, i'd like to get a little broader leadership in the markets right now. >> bob, thank you. shares of td bank, the second largest canadian bank and tenth largest in the united states rising today modestly after the company reported earnings lower than a year ago, but they did beat analysts' expectations. announcing an increase in the dividend. what's the rest of the year going to look like. joining us to talk about that is td bank group ceo and president ed clark. wonderful to have you on the program. welcome back. >> thank you. you got your new studio. i'll have to come down and visit you there. >> come on, ed. we hoped you would be here today. we would love to have you. i think you'll like the set. how would you characterize business these days? >> it was a record quarter. it was a record for each of our retail businesses. and so record for the bank overall. i would say a pretty spectacular quarter. we're quite pleased. >> what was so spectacular? are you looking at consumer lending picking up again? >> i think probably the biggest highlight was howell our u.s. entity did, because this was the first quarter where we had durbin, which would take approximately 10% off our income, and in fact our income was up 6%. and that was really driven by, we're getting 10% volume growth on the lending side and 10% growth on the positive side. so pretty spectacular performance in the united states. >> what about the capital markets part of the business, ed? we see there is a decline of 17% in earnings, in that part of the business. the markets have been certainly uneven at best. what was the problem there? >> yes. we actually had not a bad trading quarter. nice trading results. but there's no question, these are tough markets. and i think we view that they're going to be tough markets for the next couple years. although on the other hand, we've downloaded the basel 3 capital. we're basel 3 compliant. our business earned 19% return on a fully phased-in basel 3 capital balgs. that's a pretty good rate of return, but definitely down from before. >> what other expenses are related to the regulatory environment that will be changing that you can talk to us about? the volcker rule, of course, probably going to be pushed out, doesn't look like it's happening in july as many people expected. what other rag egulatory fees a you expecting in 2012? >> i think there was a danger, frankly, they would fail their own objectives because they so overloaded the rules. so i think taking a pause here in those rules is a goodthing. clearly, i think all of the industry is having to pour a fair amount of dollars into compliance and any building the systems that the regulators want. but you have to put it in context. despite the fact we're spending that money, we did have a record quarter. so, you know, you have to watch how much you whine about these things. >> let's talk about the health of the csught now. what are you seeing on the mortgage side? of course, consumer lending one area that you said was spectacular. >> yeah. >> what can you tell u about the consumer today? >> yeah. so we're seeing fantastic -- our moerj volumes have been growing about 30%, 35% a year over the past two or three years. ow, we're a little bit of an anomaly, because what we basically have is a fantaic customer historica their mortgages with us. and with the refinance boom, because interest rates are so low, some are coming to their home bank d saying why aren't i doing my mortgage business with you. our commercial clients and retail clients, there's a little more of a spring in their step, a little bit of a feeling like maybe the worst is behind us we're not going to have -- you know, 5% orj 6% real gnp growt. i think people are getting more confident we can have 2% to 3% growth. so there's room for optimism. >> i want to get back low interest rates and what bernanke said yesterday in a moment. but this was the first quarter you reported with figures from the recent acquisition of the mbna canada credit card portfolio. atas acquisition? >> it from an earnings point of view, because there's a fair amou of upfront costs when you acquire something like that. we originally guide at the street, that we would earught a this year. it split half of it, about half goes into canadia bank and half in our insurance wealth area. we're right on track to achieve that goal. >> so tell me about record low interest rates, ed. yesterday bernanke sort of side ped any suggestion that we're going to see qe-3. there's a real debate going on right now in terms of the level of rates that we're seeing. obviously tough for a bank to make money with this kind of level. >> it is tough. i mean, it's quite interesting to listen to. i think in some sense right now, the market certainly, but i also think the average person's a little bit more upbeat on the economy than he is. >> right. >> and he's a delicate bancing act to say, well, i'm still nervous. on the other hd, i'm not going to say i'm not going to do anymore. but if turns outt nervousness is justified, i will do something more. it's a little hard to read. when we step back, though, i think we look and say, we're going to be in it sustained period of low -- maybe the margins oday, but lowish you earn on your deposit products are going to be less. and that does mean you have to lower your cost base, deliver those products cheaper. >> of course, yesterday charles plosser telling us that we could actually see a rate increase as early as 2012, perhaps later on in the year. i guess it's all about the data. ed, good to talk to you. thank you so much for your time tonight. >> terrific. e you in new york. >> absolutely. ed clark joining us from toronto tonight. disney's latest cruise ship has made its way into new york. bob iger gives us an exclusive up-close look of how the fantasy is meeting the reality of the big apple. from the oceans to the highway, phil lebeau rounding up the auto sales. back in a moment on "closing ll." time now for "going global" europe. >> hi, everybody, i'm louisa tomorrow, the summit continues as agreements on greece's debt swap, capitalizations seem to be in place. also, spanish jobless data for february is out. we'll find out if the employment environment is improving in that region. and on the earnings front, we get results fromimi, and be speaking to the group's ceo. tune in to cnbc world to catch the overseas action. "going global" with your money. welcome back. treasuries certainly havbeen responsive to higher rates, but lacking momentum. look at interday of 10s, up six. range-bound. look at the 30, while we're up seven on a range of ten basis maybe thmost interesting story is the dollar index. looks like an ekg go around the zero li. year-to-da chart clearly see bumping along at some of the les dollar of 2012. >> rick, thank you so much. rick santelli in chicago. it is a big dayfor walt just christened crews line ship the far mary? >> hey there, the disney faasy which you cae my right shoulder carries ou basically more than its capaci cruise business. the sister ship,04 contriting to the bottom line.ú contributor.appen pretty quickly. we have some startup costs obviously. when you a in a new ship, that precede revenue. but the popularity of the first ship and the bookings of this ship will start impacting the bottom line positively pretty quickly. we're not saying specifically when. >> when he said it would likely be within ten months, he said the booking center initially dropped after the concordia wreck in italy. but he said it's recovered nicely. the impact of higher fuel prices, iger said it's too soon to tell, and that the fuel surcharge for cruise passengers has not been discussed. as for theme parks, the spiking gas prices having little impact there, where he sd bookings are strong ahead of the spring break. >> we have not seen an impact on bookings. actually, over the very long period of time that we'veen be in this business, we've obviously been through periods where fuel prices increased or . but by and large, there's not been a direct correlation. >> even with fuel prices higher, the disney fantasy will set sail on march 31st. the firsl be to the caribbean. >> mary, can you talk about the broadcast division? what his expectations are for the upfront market? >> iger wouldn't comment on what he was expecting the upfront market to be, saying he believed c and espn were well positioned. when i asked him about the scatter market, he said it was good. he wouldn't elaborate any further. >> what about the big movie coming out, the buzz on john carter? it hasn't been good. what's iger saying about that big blockbuster? >> yeah, you know, it's cost them about $250 million t "john carter," action adventure movie. not gotten a lot of he said while they are aware of what the talk is, he's going to let the audience decide. the movie opens on march 9th. a lot of people curious to see what the response to that movie will be. it will be an important one for disney. >> we'll be watching. mary, thank you. tudo slumping after the website company posted a wider adjusted net loss than expected for the urth quarter. analysts say the copyrightalue could delay profitability by at least another year. down about 20%. midas skids as well, a loss of 3 cents a share. the auto services company saying that legal and investment banking expenses related to a strategic evaluation announced last summer hurt operating income. midas closing off session lows, down a1%. petsmart better than expected earnings. raymond james calls the earnings beat low quality because it was driven in part by lower than expected tax rates. it noted that muted sales of higher margin items like pet apparel were certainly on the downtrend. petsmart down about a half a percent, as you can see. did sky-high gas prices push auto into smaller hybrids. stay with "closing bell." back in a moment. time now for "going global" asia. >> we're just getting started in asia. japan releases its jobless household spending for january. is japan on its way to an economic recovery. we'll break those numbers down for you. take a look, meantime, retailing posting february figures after a month. we'll find out if business is picking up f the top clothing corporate earnings out of hong kong as matheson and sons trying to report full year numbers. tune in to cnbc world to catch the overseas action. m christine tan going global with your money. s0let÷!s ok lots of happening in the after tradint let's go to bertha for all the action chlt. >> a couple of stocks really popping chlt higher than expected margins and above estimates. everything the street likes to see. it has an 8.5% pop. shutter fly getting in th after hours on deal to buy the gallery online photo services. that dealalued aou biúllion. the agreement includes the transfer and the customer accounts and images in the u.s. and canada to shutter fly and the trading is just above $30. nearly 12% surge. we are waiting on numbers from footlocker. today ahead of those earnings hit a 7-year high. of course strong day for retail with better than expected numbers overall. footlocker this afternoon is 51 cents earnings. 1.4 billion in revenues. the big story with the huge move that we saw. they are going for the highest levels since 2008 before cnbc confirming that reports comi out of the media of the saudi pipeline fire according to saudi officials were not true. we a still at 108 and change. on the iranian tensions spilling it appears into the media circle. is is a jo producer.s. it is still fairly high and jumped on the news and not moving much after hours. it eased off just a bit. not too many tch the the bottleneck o oil from that going into kushing has them at a discount to the prices. the oil itself is now at a discount to the wti. they were trading at about a $15 discount to wti. the bottleneck we had is really impacting things when it comes to all of this oil that we are producing onshore. ba t >> thanks so much. with the latest there, the auto industry with a cruising along with the come back after solid february auto sales. we have more evidence that they are real. we go behind the wheel with the details. it's extraordinary what we are seeing right now. a complete come back and we are talking about record numbers? >> absolutely. you look at the sales for last month and people were expecting around 15.1 million. we haven't seen it that strong since february of 2008. if you look at the automakers, one name stands out. chrysler. an increase of 40%. they did that at the same time that it cut incentives by 24%. >> as the month went on, did buyers go to small cars and hybrids given the fact that gasoline goes higher. $110 a barrel oil. >> they did. we saw a movement, but it wasn't a rush in the past like when gas is spiked. prius is always going to go up whenever gas prices can go up. the civic and the focus and the cruz. small car sales go up, but others were equally strong and that's why they had the blowout numbers. >> they had a big month and let's talk about that for a second. is that a result of the economy or the stock market or upper end of the economy. i wanted to move into a bmw 3 series or a c class. i couldn'ttify it and now i can. i feel better. it's a confluence of factors, but this is not the upper end. this is the mass market. we haven't seen this since the late 90s. >> the fundamentals are getting better and the stocks we are not seeing much of a break out there. there is resistance with the stock prices. >> they are frustrated. yes, they had a come back, but look at ford and gm. as much as they have come bac from being beaten down, they have had resistance at certain levels. that's what we are seeing. the stocks coming back anywhere between 15% and 18%. that will have to change because when you look at the schedules, ford increased for a skpek toyota today will increase transmission production. production drives revenue and drives the returns. that's what we will be seeing. >> thanks so much for the update and we will check in soon. we will recap this wild trading day and why if you want to brush up on your policy there is an ap for that. yes, an ap. back in a moment. with a new view of the market, you could see 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 cuomize 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. oh! [ baby crying ] ♪ what started as a whisper ♪ every day, millions of people choose to do the right thing. ♪ slowly turned to a scream ♪ there's an insurance company that does that, too. liberty mutual insurance. responsibility. what's your policy? ♪ amen, omen >> we are recapping the d on wall street. rising in the after hours trading session on reports of a pipeline explosion in saudi arabia, west texas crude trading after cnbc it was just that. speculation and note true. the industrials tacking on 28 points and we have better than expected data out of china. the jobless we want to give you a hads up on a new ap put out by none other than the federal reserve. the fed released the education and personal finance application for the ipad and the i touch among other things it enables consumers to examine how interest