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Knows the route to laguardia and hes on the news line now. Captain mark welcome, good to have you with us. In retrospect should the airport have been closed before this event could take place . Caller the airport was closed before the event. Im not certain if i understand the question. Should this plane have been allowed to land at laguardia. Caller oh, i see. I misunderstood you. Maybe i didnt phrase it well. Its up to the coordination between the captain and airline itself. Although the weather was certainly coming down at laguardia one thing that seems problematic to me is the runway they were using. They were landing to the southeast there at laguardia and the wind was almost off their tail which is not a good thing. You dont want to be doing that. You want to land into the wind but you certainly want to be landing into the wind when the runway has something on it like snow or ice or water. And we may find that that becomes a contributing cause to the accident. How much grip do airplane tires actually have . They say they are investigating the cause of the accident but at the same time i mean, the cause seems quite obvious to be a very sort of sleety snowy, sludgy, slippery runway. Caller well, i think we are over simplifying it a little bit with that. Nobody takes of the risk of putting plane down like that on a runway with snow on it if they didnt believe in the physics, which are the numbers that are produced by the manufacturer the pilots experience and, you know understanding the weather. So you know its not that unusual to land in you know snowy conditions, but it seems to me again, that when you have the one outside element, perhaps the wind at their tail which means that they may have been touching down even faster than they thought they were it makes it harder to stop the airplane. Right. Im looking, captain mark at the aircraft and i cant tell whether there is right wing damage there. Its hard from this particular angle. Would you have been taking extra precautions as a pilot to land under these circumstances, and is were they landing on the shorter of the two runways at laguardia, or do you know . You know i dont remember which they touched down on. They said it was 13. Caller theres a 13 left and 13 right. Oh, i see, okay. Caller you know, its a hard one to call because, again, you know not having all the details, but, again, knowing this one element that wind was on their tail thats not good. Right. Caller thats not a good thing. Now, its possible when they actually landed that the wind was not that way, and it since switched, but it does not sound like thats what happened to the weather in the new york area. Were going to be looking at why they landed on 13s. Is it absolutely necessary to close the airport, though until 7 00 p. M. Tonight . That is of course a long time and a lot of people have their flights arriving or departing disrupted as well. Does it take that long to clear it and is there no other area of the runways, this is runway 13 we are reporting, but in other areas planes could land or take off from . Zwlk caller well, there are, but initially its absolutely the right way to go in terms of closing the airport. Youre going to have emergency vehicles and everybody else all over the airport, and then you add in the fact that the visibility is only about a quarter of a mile right now. Nobody in the tower can see anything at all. They cant even see they can barely see the ground and that becomes very problematic. You want to make sure theres not some vehicle or something that wondered on to the runway. They dont want to go through that. We may find throughout the day faa eases up on that and say we have the airport open by 4 00 or something. All right. Captain mark thank you very much. Captain mark formally of midway airlines. Appreciate the insight. Caller youre welcome. The snowstorm that is causing havoc at the airports obviously, causing troubles on the roads as well. Check this out. Hundreds of drivers stranded now on a highway in kentucky in hardin county. Latest storm dropped up to 2 feet 2 feet of snow on parts of i65. Several tractor trailers jackknifing in a hilly area of the highway, and as a result 200 trucks and cars gridlocked now south of louisville. The National Guard is dispatched into the area. Mandy . Okay. Did someone say bubble . Buzz about mark cubans blog saying this tech bubble is worst than the bubble of 2000. Theres a huge move higher over the past year but if you take a look at a chart just in the last week after cracking 5,000 mark earlier this week the move up in the nasdaq cooled off. Should you continue to invest in the cues or be fearful of the socalled bubble . Dug mckay broadleaf partners, doug, be clear, mark cuban makes the distinction, quote, then it was the dream of riches from a public company, and now its from a private company. Two Different Things were talking about here. Yeah. I think hes got i dont know i dont have access to financials of private companies and make that judgment, but, yeah, hes arguing two Different Things. What do you think about the call for a potential bubble in the public side of things doug do you believe there is one . No. Ive got two comments, if youll indullge me. Please, go ahead. I was a tech manager, had the number one performing tech fund in 2001, and i have showandtell in a minute but my view is not valuations that determine bubbles, but fun flows gone wild. I was in an interview with Bill Griffeth in 2001 and i listed top five stocks on your show and the average stock in just that day was up 25 , for one day move for the stocks. In my opinion, theres no sign of fun flows gone wild. Secondly, if you see this little showandtell, i brought this out of the sock drawer been there for 15 years, this is a borbo barrons article highlighting my fund being number one at the time, and i listed cisco systems, down 20 from the highs back in 2001 okay . Yep. It was still trading at 95 times earnings. It was the Biggest Company at the time in market cap perspective, just surpassed exxon mobile. Right. Whats the Biggest Company today, you know, right . Apple. Right, apple. Apple market cap is 750 billion, but the company is gushing cash. Its trading at 17 times earnings, which is less than a multiple of the market. So no, in the public markets, i emphatically believe this is not the same. There are always instances of, you know sure certain areas, but not across the board. Okay. It is different this time round according to you and youre not seeing a bubble i understand at least in the public market. Doug thank you very much for joining us. Okay. Exclusively on closing bell today, about the interesting blog he wrote and why he thinks the tick is in a worse bubble than 2000. Thats 4 00 p. M. Eastern. Ty . Many of the big retailers out with sales figures. February not a great month. West port slow downs, winter storms hitting the nation contributing to the issues. Costco februarys same stores up 1 . L brands a 6 increase warming up there. Gap reports sales after the bell. The street expected february comps at gap to improve 1. 4 . Mandy . Okay. The other big story, ty port shut down problems spur more companies to bring back the made in the u. S. A. Label . We have been on the story for cnbc. Com and bringing it home. Made in the u. S. A. . Yes. Companies are doing this. One is thoroughly producing baby seats. It is happening. A new study found that out of a hundred retail cfos, 43 find north america to be the most attractive place for manufacturing, up from 30 last year. A big increase. Could cost less than china, bangladesh, and cambodia but the shipping costs they incur, i imagine the cost gap narrows. What costs are we talking about, shipping from china to the west coast or east coast . Its much more expensive, actually sometimes twice as expensive to ship from china to the east coast than the west coast. Thats a big hit. It coming out in forecasts. Scott said 13 hit next year. Its showing up. Great stuff. For more go to powerlunch. Cnbc. Com for a treasuretrove of information. Ty . Last month, nearly 2,000 jobs lost in the oil and gas extraction sector. 3,000 in mining and logging. 53,000 in oilrelated fields. That begs to question what impact is this likely to have on tomorrows closely watched National Jobs report . Steve leisman, and chief u. S. Economist, joe, welcome. Steve, though, beginning with you. What effect do you expect to see in the job numbers from whatever layoffs there have been so far . Im not sure theres going to be any actually. I mean it would be depending upon the total number of jobs take some off the top, but overall the u. S. Economy should be creating jobs. You will have losses as you detailed in the oil services sector, but that should be overcome by growth in other sectors, not as much as there was, but still pretty healthy. The net number you expect to run slower a little lower than has been the case over the last three or four months . Im more worried about the weather than oil. What i pound the table about is this has been, tyler, the most efficient and productive oil boom maybe in history of mankind. Or person kind. Whatever you want to see. More oil coming with fewer jobs added. Put in one of the platforms, drill five ways thats the absence of five drilling rigs. Joe, do you agree with steve there . I do, i do, tyler. Okay. Since the recession ended, the oil industry and this includes people working and pumping gas and cashiers of gas stations only added 300,000 jobs in total. Thats essentially what we layoff every week in the claims numbers. While its a very important sector, it just is not the engine of job growth that people in the market believe. In fact, the one sector that to me gets the most obvious benefit from lower oil costs is transportation. The size of the transportation sector is three times the size of the energy space. To me rs, theres a big offset. Transportation includes jobs in what kinds of businesses . Airlines, trucking in particular and anything thats a Distribution Channel for goods and for services to some extent as well. I think and we have to make sure we mention the one place where thats going to be an impact on earnings and on jobs is going to be in capital spending. Thats right. The idea its an Efficient Oil boom means they spent money on stuff, equipment, robot, things like that, and the cap x Companies Take it on the chin. Thats rights. Well lose a quarter to half a point on gdp for weaker energy cap x, but theres a big offset. Its a big stimulus to nonenergy business and u. S. Household paying less to heat the home and fuel up the vehicle. Joe, thank you very much steve great to see you. Expect to see you tomorrow . I think theres something going on tomorrow. Well check it out. Thanks, steve. Mandy . Each month, one of the biggest days i say. The problem with cadillac while the foreign luxury auto makers report soaring sales, cadillac is struggling with a big hit last month. What is going on inside the brands . What does cadillac need to do to take on its luxury rivals . The former gm executive is going to be joining us next. Your moms got your back. Your friends have your back. Your dogs definitely got your back. But whos got your back when you need legal help . We do. Were legalzoom, and over the last 10 years, weve helped millions of people protect their families and run their businesses. 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Com wireless to learn more. Pushing the larger ipad until september because of the lack of supplies for the panel, is the report. The deal will give abbvie access to the top seller cancer drug and expand its pipeline down by 5 . The euro currency, currently at 11. 5 year low against the dollar. Earlier it was below 1 preponderate. 10, and it is closer and closer to parody. Ty . Luxury car sales booming, lexus, bmw mercedes nice gains, but cadillac is stalling down more than 5 year to date. Whats wrong with caddy, and how do you fix it . Bob lutz and phil lowe bowebeau is with us. What ails cadillac . Its going according to plan and when numbers are down slightly, thats a disapointment, but they are getting the brand positioned properly for the long term and that means dont do heavy discounting just to keep the numbers up. Dont do a lot of subsidized leases. Dont do things to blow out inventory, and, of course cadillac has basically discontinued all fleet sales, which some of the other producers are still in. And hes poging cadillac just right with a luxury brand long term you dont want to do supply push. You want to do demand pull. Hes now making that adjustment. I would point out that its really the car end of the business thats down and thats down for almost everybody. The new exscalade is basically sold out and in very short supply. We expected this not surprising, not worrying part of the path that cadillac is executing according to plan. Not to be too flip phil but bob says the sales are falling on schedule here and that the good side of this is that the new executive there has assured gimmicks to try to juice sales. Bob, also says hes positioning the brand for future success. Whats he doing specifically . Well first of all, what look at the lineup that they have there. For a number of years, they really were not directly competing with their competitors competitors, bmw, and mother say seize, and the cts was a in between car, and now with the ats in there, cts moved up more in the market in terms of size and price point, and as a result, they are getting the portfolio better positioned to compete with bmw, luxexus mercedes, all the competitors. In the past cadillac did not have an auto guy running the division out of bankruptcy. They are a background in public policy, and within the company, people said, were not show sure what we are doing here. Mary bara realized the weakness brought in de nysschen from infinity. Prior that its why audi got its act together in the United States. He has a bkd in luxury automobiles and knows what to do in terms of pogsitioning the next round of vehicles coming out two and a half three years from now and expanding over four to five years. Bob, you talked about this as a brand in transition. How long do you think that transition to the end point is going to take because in the fast moving world, its a showme market right . We expect quick fixes, but is this going to take a couple quarters, couple years, and do you think its got the time to make that transition . Oh, hes got the time. The companys going to give him the time because everybody realizes what was done in the past which was basically discounting cadillacs and treating it like a luxury brand when it was not, that that is not the solution and we got as phil correctly pointed out, this time its got to be bilt on a Solid Foundation and i dont know, depends on the months you know, how strong that month was in prior years, but i would say the total transition may take a year or two, and gm is perfectly patient. I would point out that at the new york show there will be the unveiling of the new large rear wheel drive cadillac the ct 6, which i drove and can tell you its going to get rave reviews from the awe thoughtive press because its a truly excellent car, and gm or cadillac is about to renew the srx medium sized crossover, so there is a lot of good news on the way in terms of product, youve seen some of the new advertising. I think its breakthrough. It sends an entirely new and sophisticated message for cadillac and phils quite right. We now have a dedicated luxury car professional on the job, and gm is going to give them the time to get the job done. All right. Bob. Thank you very much. Phil, maybe they need to find a Matthew Mcconaughey for the ads. I drive a cadillac. I like that tyler. Maybe yourself tyler. Im available. Okay. After two years of stellar gains, one crucial part of the target is losing momentum, failing to keep up with the rest of the market, the warning signs investors need to know about and stocks you may want to hit the sale button on plus alibaba shares, down 20 this year, folks, and down 25 from that big ipo last september. Remember that . Stuck at the levels or stay away . The real question that needs to be asked is what is it that we can do that is impactful . What the cloud enables is computing to empower cancer researchers. It used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. Whatever i can do to help compute a cure for cancer, thats what id like to do. Ameriprise asked people a simple question in retirement, will you have enough money to live life on your terms . I sure hope so. With healthcare costs, who knows. Umm. Everyone has retirement questions. So ameriprise created the exclusive confident retirement approach. Now you and your ameripise advisor. Can get the real answers you need. Start building your confident retirement today. Welcome back. Cme group, yes we had a meeting, a press conference and we have more details. Seems like every trader is in a darkroom. The twoday chart of the following markets, the european 10s, 5s, notice they are continuous. No big gaps. Even though were at extreme, we are not extremely wild in terms of range. Look at the two day euro versus dollar. Thats testing new fresh 11 and a half year lows like the yields on extreme, but were going to have to wait until we start the implementation of qe on the night because traders continue to say the markets are vulnerable, but we are going to wait and actually see what the ecb buys. Mandy, back to you. Thank you very much rick. Dom chu for the market flash. The solar energy space, starting with the company reporting better than expected earnings, smaller than expected lsz. And revenues came in better shares soaring. You see by more than 20 so far today. Canadian solar up strongly too. The Company Reported the miss but gave positive First Quarter guidance, and earnings have a positive effect on other names as well solar city up 3 and sun edson, and you can see a lot of green in the solar trade, mandy, back to you. Thank you very much. Is it a plane, a held cometer, whatever it is the u. S. Military and the businesses really like it. That means new opportunities. That is next. Todays power house is the nations 10th largest metro area. It is home to Logan International airport. Brewer, samuel adams, was founded here. Can you make that city . [ male announcer ] at northrop grumman, we know in the cyber world, threats are always evolving. At first we were protecting networks. Then, we were protecting the transfer of data. And today its evolved to infrastructure. Finance. And military missions. Were constantly innovating to advance the front line in the cyber battle, wherever it takes us. Thats the value of performance. Northrop grumman. Im sue herrera. Laguardia airport is closed after Delta Airlines flight skidded off a runway from atlanta attempting to land in snow and freezing fog. The plane carried 125 passengers and five crew members, and no major injuries reported by the plane is apparently leaking fuel and we have some late pictures that are coming into us that well show you exactly how close that plane got to the river on the other side of the fence is the river. They were very lucky. South korea Police Released footage they say showing the man who slashed the u. S. Ambassadors face seen here leaving the house to head to the venue in seoul where the attack took place. In 2010 the same man tried to attack the japanese ambassador to south korea by throwing a piece of concrete. A Russian Defense official accuses nato as using the crisis in ukraine to move closer to russian borders. The defense minister says nato countries create basis in the baltic countries to exploit the situation. 2. 8 millionyearold fossil of a jawbone with five teeth in tact discovered in the desert pushes back the dawn of human kind by a half a million years. It was found about 40 miles from where the remains of lucy one of the most famous fossils were found in 19 74. Thats the cnbc news update at this hour. Back to you, ty. Thank you very much. The dollar rises to an 11 and a half year high against the euro and marching closer to parody, the euro or sliding closer. 1. 10 was the last read. What we saw earlier. Wow. Following comments by mario draghi today, we have our cnbc analyst with how its playing out in the u. S. Market today. Steve, start with you. Draghi i cant help but think hes draghiing his feet. Its here. Hes bullish, tyler. Its been a long time since anybodys been bullish. Draghi announced today europe would finally launch the much anticipated quantitative easing program. That word was in there before you expressed exas abrasion. Its happening march 9, going to the market with 60 billion euros euros, doing that now until november 2016 or 2 trillion worth, going on until inflation starts to behave how they want it to. Draghi insists this turns around the economy and ecb predicts 1. growth this year up from 1 in the prior forecast. That would be the best year of European Growth since 2011. The 2016 outlook up four tenths to almost 2 . In an environment of improving business and consumer sentiment, the transition of the measures through the real economy will strengthen contributing to the further improvement for the outlook of Economic Growth and redaction in economic slack. Thats draghi being bullish if you were unclear. On a run since january, up 14 , compared to 2 of the s p 500 in the United States. Other ecb programs before prompted similar runs of optimism only to be trampled by the reality of anemic growth rising unemployment, depression and greece, greece in the possibility of an exit from the eurozone is a question mark as does the question on whether low Interest Rates from the ecb find their way from the Financial Sector into the real economy. Steve, thank you. Kenny, down to you. I just looked at that last chart, and it showed how much the european stock index is up on the year. Double digits compared with one for the s p. Do you think that divergence continues . No. Well i think i think that the divergence continues, i think it narrows, right . The u. S. Market will start to play catch up. All right. Kenny, we have to leave it there because of all breaking news today. Well be back soon. Again, mandy, over to you. Thank you. Were just watching stocks trying to stay positive but the s p was negative seconds ago. Whats the catalyst to drive the market higher from here. Lets bring in John Buckingham chief investment officer, and also a cnbc contributor, gentlemen, good to see you. John, first of all, to you, a quick word on the ecb unleashing the money Printing Presses as of monday. What do you think are the implications for our market . Well, i still think the global central bankers are going to remain accommodative for quite some time even though the Federal Reserve starts to raise Interest Rates, but Interest Rates are so low today, thats what is just amazing that investors are rushing to buy european debt and, you know, european government bonds with negative yields. This is fascinating from the equity markets, you know stocks are very attractively valued thinking about dividend yields my own yields 2. 6 . Doo i want to invest in that for ten years or buy a ten year treasury yielding less than that . I think that the Interest Rate environment is very positive for the long term for u. S. Equity prices. Okay. You see it being supported, by michael, am i not wrong in thinking you believe theres warning signs out there . Is the market fully valued at these levels . Strikes me as fully valued yes. When you see stocks go from 6700 in 2009 to 18,150 where we are now on the Dow Jones Industrial average, thats a terrific increase. Yes, when anything goes up unabated for six years, i think that you have to take a look and be a little bit careful. You know when something goes up really high its probably not the best time to think you need to buy a lot more of it. I am cautious. Im also cautious because i think that a lot of this price increase has been driven by Monetary Policy not only from the Federal Reserve, but from Central Banks around the world. It may be that as the u. S. Fed is beginning to really might get to the point to raise rates, europes coming in to start sending cash flowing in. It doesnt look like this partys over yet. Okay. You say a lot of the rally was built on just low rates and easy money, michael . To what extent do you say thats the premise you talk about, and if thats the case when rates start to rise here in the United States, what happens to stocks . Do they stop rising as well . That is that is absolutely the majority of my premise. The Economic Data are really fragile fragile. The 2 or 2. 5 growth stimulus is not much bang for the bucks spent. We have seen stocks pull back every time the fed really extra kated themselves in the cycles of different sages of quantitative easing. It may happen this time. It may be that the fed doesnt do anything for 2015 at all, and it may be that the other Central Banks that the European Central bank and other Central Banksaround thebanks around the world can fill in the monetary liquidity gap. I dont want to call a top because weve seen four different cycles, john in i in our long careers now have seen markets get more expensive. You have to be cautious. Due for a pull back john michael yeah but weve been there way for a long time, right . Due for a pull back for years. We have not got one of a huge significance in a long time. Okay. Thank you very much. You can go to powerlunch. Cnbc. Com now for signs of an uptick in consumer spending. Thats the focus of the piece. Lets get to sue for a news alert. As we wait for the News Conference to start concerning that delta flight 1086 from atlanta that slid off the runway and the nose went through the fence, look at the pictures from the nypd special operations showing you how close that plane was to the water. Dramatic. Could have had a different outcome had the plane not stopped where it did. These are taken from the other side of the river from the nypd special operations. The News Conference should begin in a few minutes. Look at rubway 13 where the plane slid off the runway and as you can see, that runway and most of laguardia is surrounded by water. It could have been a different outcome for that flight but at this point, theres only minor injuries. There were 125 passengers and five crew members on board that plane, but we wanted to bring that to you because it is really pretty dramatic to look at that at this point. Ty . As we await the News Conference there about the laguardia incident we all know from those of us who flew into and out of there, they hit the breaks, and the reverse thrusters very hard and fast on those runways there because they are not the longest in the world. All right. Get used to hearing more about something called tilt rotor aircraft. The military is buying more and more of them but they also have commercial uses, and those new markets mean jobs in the u. S. And jane wells is in california now to explain. Hi jane . Hey, tyler. Interesting story. One of the pentagons most controversial airplanes not only remained popular, but gaining commerce now, and a commercial version will hit the market. It is the worlds first tilt rotor aircraft, taking off and landing like a helicopter and fly like an airplane. Despite safety concerns and corps, they are considering this for aircraft carriers, ordering them. Apparently the navy made the decision without the bidding process in order to save money. National defense magazine says northrop is not happy, but theres no way to protest the decision because this was not a contracting dual. Now the technology is proving attractive enough that part of italy is developing a commercial aviation version that will do final assembly in philadelphia. Yes. American manufacturing jobs. The Company Already has two customers waiting, a couple charter services. The aircraft will be a game changer for the industry. The further, faster higher so twice as far, twice as high and twice the speed. They hope to build the planes this year and get faa civil certification by 2017. Will be helpful for executives to repel down out of the plane, right . Jane, thanks. Right. You dont slide off the runway in that thing. No, evidently not. You land right down. Jane, thank you. Rewalk robotics launched an ipo in september of 2014 a rough time since then as you see on that chart. Over the past three months down 24 . Is there a place for rewalk in the Health Care Market . That is coming up in the second hour of power, plus the city in todays power house is the birthplace of edgar allen poe, home to the oldest original mlb park in the country, and the location of the revolutionary battle of bunker hill. Can you name that city . Hey, girl. Is it crazy that your soccer trophy is talking to you right now . It kinda is. Its as crazy as you not rolling over your old 401k. Cue the horns. Just harness the confidence it took you to win me and call td ameritrades rollover consultants. Theyll help with the hassle by guiding you through the whole process step by step. And theyll even call your old provider. Its easy. Even she could do it. Whatever, janet. For all the confidence you need td ameritrade. You got this. [upbeat music] defiance is in our bones. Defiance never grows old. Citracal maximum. Easily absorbed calcium plus d. Now in a new look. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Laguardia now, a News Conference on that airplane incident. Approaching from the northwest. The runways about 7,000 feet approximately 45 to 5,000 feet down the runway the aircraft veered to the left. It never made contact with the water. The aircraft was carrying 127 passengers and five crew members. Happily, there are only minor injuries that have been reported. At this point, we believe two passengers have been transported to hospitals. That number may change. The Emergency Response by the airport rescue and fire fighting, a division of the Port Authority police was exemplary. Four trucks responded and a stair truck, 14 airport rescue and firefighters in total, Port Authority aviation staff at the airport had 50 people on the airfield. Our First Response was in minutes. The Port Authority police and arf trained for this repeatedly during the last three weeks. There were two arf drills in laguardia for exactly this circumstance. Last thing our report is we expect to open the other runway 422, at approximately 2 00 p. M. Some flights have been diverted to newark and other airports. As ron mentioned in the beginning of the conference the ntsb is on the way to laguardia and well be cooperating with them closely as with delta. Were not going to speculate or comment on the causes of todays incident. With that, ill turn it over to gail from Delta Airlines. Thank you, pat. This morning, upon landing, delta 1086 exited runway 13. The md 88 aircraft was carrying 127 customers and five crew members. Customers were deplaned safely and moved to the terminals on busses. They have subsequently been reunited with families and are in the midst of going back home or into the city. We are working cooperatively with the Port Authority, the ntsb, and all officials during the course of this investigation. The safety of our passengers and our crews is deltas number one priority. I want to thank the extraordinary efforts of the Port Authority, arf, the papd for their Quick Response in this situation. And i also express sincere appreciation to the crews for their professional Quick Response to help keep our passengers safe and get them to the terminal safely. Thank you. Well take a few questions. Given the fact the ntsb well not comment on causes. Pat . Good question, pat. Shortly before the incident at 11 05, two planes landed and reported, quote, good braking action on the runways. This particular runway had been plowed shortly before the incident. The pilots on other planes reported good braking action. Yes . Yes . I think the pilot did everything he could to slow the aircraft down. The efforts we reflected in minor injuries. Talk about bumper copes. What youre referring to is e mass. Its a required. Youre listening to the Port Authority, and well continue to monitor the developments if theres anything big well bring it to you, but in the meantime we have a quick break and will be back in a couple minutes time. Youre watching power lunch on cnbc. [ female announcer ] who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Our house, Boston Beacon hill with us vt vineberg of charles gate realty. Market stats, average price is 281,000 so says zillow. First listing on bowden street 475,000, tax is 4500. Studio one bath. 492 square feet of living space. 8 feet of snow. Tell us about it. Haha yeah. Thanks for having me on great to be here. Great starter condo in beacon hill the signature neighborhood. First planned Land Development in the country, back in the 1700s, rich in history. Chance to enter the neighborhood, makes a good Investment Property and starter home, and, you know makes a good beautiful beautiful beautiful part of the town. Second listing, 35 street almost 1. 7 million, tax is 14,000. Two beds two and a half baths, 1800 square feet of living space. A beautiful in town home. Yeah. This is, you know, your mid range listing, its a high price, but its for people who are going to stay in the city with a child or two, got a roof deck. Has that two bedrooms plus the third potential room there, you know thats a great condo, and just kwint sensual brown stone. Thats really the price of the mid level sort of point of end try here. Power house of the week, 14 Charles River square 3. 8 million, tax is 17,000. Four beds four baths, 3,000 square feet of living. This is a big one. Yes. This is a great house. I mean, a very rare combination of kind of you know urban living with, you know somewhat of a suburban amenities in the four bedrooms, four bedrooms, parking, roof deck centrally located. Beautiful. Its a really kind of quiet elegant culdesac smack in the midful of the city but it has privacy and charm to it high profile residents. Its really a signature property in a signature neighborhood. Thank you very much. Thanks tyler. Personal loans are booming. Who gets them . What are the terms . Diana has the story. Hi ty. Who is getting them . Home buyers. Well tell you how and why coming up next on power lunch. 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Ask your doctor about cialis for daily use. For a free 30tablet trial go to cialis. Com [ male announcer ] your love for trading never stops. So if you get a trade idea about, say organic food stocks schwab can help. With a trading specialist just a tap away. Whats on your mind lisa . Id like to talk about a trade idea. Lets hear it. [ male announcer ] see how schwab can help light a way forward. So you can make your move wherever you are. And start working on your next big idea. Were always looking for enterprising businesses on cnbc. Well, one dutch bakery is making a mint on owls. You heard directly. They carry umbrellas after a series of attacks from above by an angry owl. To cash in on the notorious bird, the bakery is making owl shaped cup cake and they have been flying off the shelf. Oh. Excuse the pun, tyler. Ill be darned. How about that. Mandy mandy, thank you very much. Personal loans are booming. What are the rates 1234 restrictions . Who gets them . What do they use them for . Diana was in meetings with executives changing the loan industry, and she is live from new york. Hi diane. Hi, ty look, personal loans are not new, but getting new attention in the todays tight Mortgage Market and at the lending conference in new york. Thats why loan depot, a nonbank Mortgage Lender offers personal loans next week. The idea is to help borrows get cash for higher down payments on a mortgage. Say i have 30,000, but its not 20 to put down and i wont qualify for the loan. I borrow 30 or 40,000 on a personal loan, and now i have a 20 down payment. Heres what you need to know. You dont need collateral. You do need excellent credit. 6630 is the bottom but 715 more the norm. Loans have higher Interest Rates, 10 to 12 , and they are shorter term three to five years. One more reason though they are getting more popular . Capital it flowing their way. Wall streets telling us is we have a lot of money. We want to put it to work. These assets have a great yield. Were interesting in buying them. Home owners are also asking for the loans instead of home equity lines, which if you think primary mortgages are tough to get, cash out helix are a bigger pain. We are talking about it online. As i recall on prior homes i bought, you couldnt borrow the down payment, but you have to sort of sign and say, no, this is money that is mine. Were not talking about borrowing the down payment. Were talking about borrowing cash. Once you borrow cash, its yours to use as you like. But youre still getting a loan for another loan isnt it . Apparently yourgs can do it. We spoke not only to the ceo of loan depot, but the president of wells fargo Home Mortgage and said its not happening so much there yet, it is a possibility. You can do this. All right. Very interesting changes in the loan market. Those personal loans have high Interest Rates, however. Thank you very much. Thank you, mandy. I am in for brian for the next hour. Im going to exit for stage left. Stage right here. Okay. See you tomorrow. Thank you dear. 2 00 p. M. On wall street, and welcome to the second hour of power, and melissa lee at the nasdaq. A lot of snow, look behind me. The latest on the story weve been following. Laguardia airport is hours after a delta plane skid off the runway into the fence today. One runway scheduled to reopen at 2 00 p. M. Eastern time. The plane flew from in atlanta landing on runway 13, a shorter runway than most. You can see here from the nypd photo how close the plane was from sliding into flushing bay. The 125 passengers were evacuated. Two people taken to the hospital, no reports of major injuries. It had been snowing for several hours before this but authorities saying the runway was plowed just before landing. Ty . All right. Right now, oil is trading down 1 1. 5 . It is still, however, above the 50 mark for u. S. Benchmark crude, but this is the time of day we see big moves headed into the close. Right now, we are near the lows of the day. Exxon mobil says to get used to it. People should be prepared for volatile any in the market. I made a comment about the storage buyers building months ago, said what goes in storage must come out of storage . So i think there is the potential for there to be further pressure on the market for a period of time and i think people kind of need to settle in for what is likely to be a bit of a volatile time and i think they need to settle in for what is volatile around the level were at. Jackie is live at the imex. Good afternoon, tyler. Floor traders echo the endment of tillerson as well talking volatility for quite some time. We have a move to the downside on the hands today, but wti staying over 50. 50. 73. We are not looking at this as a very convincing move because of the pop that we had yesterday. You could have profit taking here. Those key Levels Holding is really important. Traders are digesting inventory yesterday, talking less about that, more about china lowering growth target from 7. 5 to 7 . Dollar index over 96 and thats having an impact here. What were talking about for levels right now is probably to bounce around the 50 for wti and 60 for brent. 48 1 a key support in wti, and then he starts to think about changing the thesis but right now, he thinks the bouncing around volatile action is going to continue. Now, i know weve been talking a lot about retail and gas prices. Lets talk about that gas price. Up again 2. 46 according to aaa. Thats only now a dollar less than a year ago. If potentially we saw low gas prices helping things out a little bit they may not in the future because traders are saying were headed to 250 and potentially higher from there. Back to you. All right. Jackie, thank you for that. Two big stories right now, alibaba at a bottom . Well get to that in a minute. First, look a a potential red flag for the markets with dom dom chu. Transportation stocks referred to as a possible leading indicator for the overall market and economy and the reason why is dow theory a component of it saying the stocks lead the way. Look at the dow industrials against the dow transportation stocks. You see a market under performing year to date. One is negative. Dow transportation stocks have not made or vehicle dated the record high seen in the overall market. This is why its important for traders out there. Reason is when the transportation stocks tend to start underperforming the overall market you worry. Maybe moe ten tum is going away. This is a chart here of the dow transportation stocks, and how they are valued versus the s p 500. The more positive that line goes, the more momentum to the upside. Outperformance for the transportation stocks. You can see here that line is starting to level out and turn negative negative. Thats why chart watchers or technicians are worried. That, according to the Carter Braxton worth. He says theres names to watch as ones that are maybe technically not as sound. American airlines within transports, gainer last year now maybe the charts not looking good. You see its tailing off here in the latter part of this particular move. Then, again, another one that you want to watch, and the trucking sector. Conway shares. You see here those moves, again, weve seen lower highs, starts the trend has been down here and then one more here is ups, the package and delivery service, that chart there as well showing signs here of overall weakness and you can see on the bottom end, again, ups is one to watch. Carter worth has other technical broken down stocks go to our website for more on the story. This is the broad stroke but the entire view is on our website right now, guys. Back to you, melissa. All right tyler, take it away. I was going to ask a quick question there. Do you, in dow theory do you want transports to confirm industrials, or are they supposed to lead industrials and the industrials confirm them . Its interesting. With the transportation stocks, what you want to see is investor investors putting money into them or activity out of the transportation stocks because, again, its a view on the overall economy. As people ship more goods, people demand goods, and the economy starts to gain steam, it stands to reason these companies, transportation stocks, are the ones that see a sign of life earlier on. Thats a lot of the reason why the train stocks, rail stocks trucking stocks tend to be indicators for the overall macro economy. Tyler . Thank you very much dom. Now down to you. Alibaba down 25 since the high in november. Is alibaba hit a bottom. Rob sanderson, Senior Analyst bullish on the stock. Jeff killberg, kkm financial. Bearish on the stock. Rob, starting with you. In terms of the fundamentals theres concerns about counterfeit goods, brushing but when you just look at the technicals, there is a huge lockup expiration on march 18th. 429 million shares come to the market. Come september 20th 16 billion shares will come to the market. At ipo, they sold 320 million shares. Number of shares outstanding going to increase significantly. Is there a reason to own the stock ahead of the two lockups . Yeah i think theres a couple things you touched on there, but addressing the lockup expiration. Its always difficult with big supply coming into the market or potential supply. In the short term hard to navigate waters. A lot of people on the sidelines. Its a date circled for quite some time, and thats the conversation on the stock back to december how does it trade into and through the lock . Its not fundsmental. Talking fundamentals is another story, but in the very short term, its difficult waters to navigate. I point to jd, who is a comp to alibaba, chinese ecommerce player with 650 million shares unlock this week. That stocks up. Thats just a sentiment reflection. People have been anticipating this and hard to see how people are positioned into the event. People made the case with twitter as well. Jeff twitter traded down into lockup expiration. Jeff, im curious, this is the only game in town if you want chinese ecommerce exposure. Why are you bearish . I couldnt agree with you more melissa. Short term bearish, long term theres a lot of great reasons to own. Today, they are splashing in the United States Silicon Valley dive into the 100 billion cloud Industry Market but i think short term, they are in a price discovery mode melissa. Ipo price of 68. Go back there and test 24 as is lockup. We saw the biggest gain of the year since ipo, yesterday, but we saw an 80 print on tuesday. Were seeing tremendous volatility. Rob. Back to you. Brushing sounds terrible, but i want to walk through how it hits financials. Essentially, this is when merchants pay people to buy goods so then that listing moves higher up in the alibaba algorithm. How does that affect what they report on a quarterly basis, if at all . Yep. Great question. The practice of brushing is to artificially inflate ranking as you mentioned. What theres no impact to the pnl. Its overstates the gmv potentially so gross merchandise value reported is not a financial metric, but a metric of vehicleup, merchandise moving through the network. My comment on brushing is this is a huge marketplace. Theres a billion active listings 8. 5 million active sellers. People are going to try to do bad things whether its online commerce, offline commerce anything. Its human nature. There will be bad actors. Its not an alibaba specific problem. The sentiment from u. S. Investors on stocks are leery. The numbers we do not trust. Brushing is a bigger deal than you anticipate. They have to flush it out. We got to go guys but, jeff, baht testimony line in terms ten seconds are you short alibaba at this point or dont buy it . Im selling puts unless i want to buy it close to the 6837. All right. Rob and jeff thank you so much appreciate it. For the alibaba story, dow transports a red flag and other great contents from cnbc pro, go to powerlunch. Cnbc. Com. Tyler . Reporting same store sales today, gap, l brands costco a few there. The stock action there. February is a weaker month for retail historically. Theres the brutal winter and slow down in shoppers all shopped out after the holidays. With us to discuss the best strategy to trade retail in the tricky time is january, ceo of Worldwide Enterprises and stacy, cnbc retail analyst and retail adviser. Stacy, weve seen the l brands costco numbers, gap after the bell with the same store sales, what do you see here . Sni surprises . Theres been a consistent theme here particularly for lb. They have been consistent. They beat comps and the margin. J why is that happening . The rest of the mall is complaining. It is because theres category killers, and in addition, there are lead times on products that is as little as two weeks now. Whereas names like the gap, if they call a fashion cycle wrong it takes nine months to recover. Really thats the story here. January, whats your thought to reaction to what stacy said . Well shes right on that. No question one of the most consistent performers in the country is Limited Brands or l brands now. No question costco falls in the same category reporting great numbers, two of the best in the country, you talk about it its easy. Unfortunately, people who do not report today are not the best in the country. We selfselected the people who tend to report the better players, but i absolutely believe that l brands is winning the game. They are flying product in. They dont have the west coast strike problem. They get it in weeks. Shes right, retailers are stuck at 26 weeks, 35 meeks, nine months, a big difference. Ones that report their same store sales typically are the ones with Better Stories to tell, january . Absolutely. Some people who do not report with good stories to report, but those who keep reporting, consistently have good stories to tell. Its an ever Smaller Group reporting and giving us not as good a guidance as we would like to see. Clearly, february was not a good month. You sure as heck dont know that looking at costco and l brands numbers. Januarys stock pick in the marketplace, stacy, what are yours . I like lb. Tjx, and i think target is interesting. We heard at the analyst day the other day, and as i said on the show the other day, this is a Company Driving its destiny getting its mojo back offering competitive shipping rates and recovering from the years where it focused too much on grocery and left its core categories behind. I still think thats a very interesting stock, even at these levels. Im on the other side of the game. Go. Im not a fan of target right now. They got a lot of wood to chop to get it back to where they want to to be. In 2006, i would have said to you targets the best retailer in the world. Certainly in the states. I think they have lost a lot since then. Its clear they know what they are doing, saying the right words, i was at the meeting hearing the story of what they were going to do, and i agree with the strategies, but its hard to get back. They chopped off canada already. I bet on retails, im more interested in kohls and the steinmart and Burlington Stores because they are working right now. Prices are working, two companies that were totally undermanaged for 20 years, and now they are over managed doing really, really well in the sector. I like those two. We dont disagree on much but target is one. Interesting divergence of opinion there. We appreciate that as always. Thats what makes the market folks. Thank you very much. On the menu for the rest of power lunch with 48 minutes left, what kind of a home does a Million Dollars buy you outside of the United States . Well show you. Speaking of outside the country, where is the better place to invest . China etfs or etfs that track india, and Hillary Clinton has one. Should you have a personal server too . Were not talking about someone to bring you dinner but costs, accessibility, computers, and what you get when you buy one. Right after this break, the robotic contraption to help the paralyzed walk again. Its an amazing device but the stock is not keeping up dropping dramatically since the last time the ceo was on power lunch, right after the break, the ceo is answering tough questions about the sliding stock in two minutes. You, my friend are a master of diversification. Who would have thought three cheese lasagna would go with chocolate cake and ceviche . The same guy who thought that small caps and bond funds would go with a merging markets. Its a masterpiece. Thanks. Clearly you are type e. You made it phil. Welcome home. Now whats our strategy with the fondue . Diversifying your portfolio . E trade gives you the tools and resources to get it right. Are you type e . Female announcer want your best rest ever . Then dont miss sleep trains best rest event. Youll find sleep trains very best mattresses at the guaranteed lowest price. Plus, pay no interest for three years on beautyrest black, Stearns Foster Serta Icomfort even tempurpedic. And rest even better with sleep trains riskfree 100day money back guarantee. Get your best rest ever from sleep train. Guaranteed sleep train your ticket to a better nights sleep rewalk has had a tough time for the stock. It is down just about well 64 from the high. The market cap is now on a small side of 216 million. Were talking to the ceo of Rewalk Robotics larry, great to have you back on power lunch. . Zblaupg, appreciate. Its Exciting Technology and analysts are excited about the prospects for it. But theres caution near term. Low visibility into the company, theres near term execution risk, and theres a slower ramp than they expected. As i mentioned, stock is down 64 from the high. The last quarter, you reported a miss. I want to go into the potential barriers here. One is reimbursement. Its an expensive device. What can you tell us about reimbursement policy of the usda . Right now, its approved on a one off basis, so case by case. They are building infrastructure, in a period where they built the resources internally to clinically take on the patients and train them and also done a great deal of work on a National Policy which will not just be a one off but broader. We dont know the timing that well get to that but they are looking at it in a serious way, and i think the long term components driving the stock are understoodment tally still in place, and look at the numbers, we had 15 Training Centers, 54 people on the streets of different cities in the United States, around the world, fundamentally, the things we need are there. They are they are there, but they are not quite there yet because you dont have visibility into the time frame when the va comes up with a blanket reimbursement policy correct . Correct. Okay. The key is they are active. Forming the committee looking in the process, but you dont know the timeline . I cant predict the government, just my efforts, but they are not inactive. Thats important to us. Thats how we look at it. You mentioned the training center, and people at home might not be aware of this fda approved last summer. The requirement is that a trained person is there to help assist right, with the putting the device on. How much of that is a barrier in terms of either personal adoption or at the Rehabilitation Center level . For clarity, a companion is trained with the person. You have a walker here today, his wife understands the basics of the device but he goes anywhere he wants. It does not limit him in putting it on or going places. If you walk down the street in new york, and you have a problem, you want somebody nearby to help. The limiters are not truly training, but its the function of time. It takes a while to learn how to use the device. It takes 15 sessions, and once youve been through your sessions and then you take had home, you have to learn how to use it in everyday life. At home is different than the rehab center. Right. People have to pay to be trained . Depends, the va covers training for the people they are training, and most hospitals get a level of reimbursement for the training in the United States. In europe some have been paying. Right. In terms of your forecasts, in terms of how many of these devices are what do you call them . Rewalks. Rewalks, how many do you expect on the market . Because of the lack of visibility with the reimbursement side of the business do you have visibility on how many units will be out there . We finished last year with 150 and 53 4 people use them at home. Those are important measurements. As we look, theres sequential growth. Uptake i cant tell precisely, but well see continued growth. Order of magnitude . When investors invest its Cool Technology undeniably Cool Technology, but at the same time the bottom line is they want to know how many you sell. They have seen the average selling prices go down for the quarter, which is maybe i mean youre going from market share, but who are you competing . Why are you lowering the price . How many unites you sell is credit call. You can see since the period that we got the fda clearance, we placed 75 systems. The price in the United States is constant actually. We saw some changes in pricing, where decisions we made to put products in Training Centers in other parts of the world and put them at a lower price, but the end user our dominant market we see that price holding. We will see the esps hold. Prices hold but you dont know how many units are out . Quite a bit higher. Expectation and what we build for is to increase the number stanley. We have not given specific guidance on what the number will be, but in the analyst reports, those are numbers that are reasonable. Okay. Larry, great to have you with us. Thank you. Thank you for showing the technology again. Tyler . Melissa, thank you. A Million Dollars is a lot of money by my measure, but in real estate it does not always go very far. Robert frank will have that story for us. Robert . Yeah a Million Dollars gets you only 183 square feet in the most expensive city in the world. It gets you more than 2,000 square feet in the cheapest. Well tell you where they are and which cities have been the best raems investment. Im karen nyberg and i get paid for this. Three, two, one, zero. Liftoff. What it takes to be an astronaut, coming up on power lunch. Its a fact. Kind of like mute buttons equal danger. That sound good . Not being on this phone call sounds good. Its not muted. Was that you jason . It was geoffrey it was jason. It couldve been brenda. Im only in my 60s. Ive got a nice long life ahead. Big plans. So when i found out medicare doesnt pay all my medical expenses, i looked at my options. Then i got a Medicare Supplement insurance plan. [ male announcer ] if youre eligible for medicare, you may know it only covers about 80 of your part b medical expenses. The rest is up to you. Call now and find out about an aarp Medicare Supplement insurance plan, insured by unitedhealthcare insurance company. Like all standardized Medicare Supplement insurance plans it helps pick up some of what medicare doesnt pay. And could save you in outofpocket medical costs. To me, relationships matter. Ive been with my doctor for 12 years. Now i know ill be able to stick with him. [ male announcer ] with these types of plans, youll be able to visit any doctor or hospital that accepts medicare patients. Plus, there are no networks, and virtually no referrals needed. So dont wait. Call now and request this free decision guide to help you better understand medicare. And which aarp Medicare Supplement plan might be best for you. Theres a wide range to choose from. We love to travel and theres so much more to see. So we found a plan that can travel with us. Anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only Medicare Supplement insurance plans endorsed by aarp an Organization Serving the needs of people 50 and over for generations. Remember, all Medicare Supplement insurance plans help cover what medicare doesnt pay. And could save you in outofpocket medical costs. Call now to request your free decision guide. And learn more about the kinds of plans that will be here for you now and down the road. I have a lifetime of experience. So i know how important that is. Maybe where you live a Million Dollars buys a big house, but in some cities its barely more than a close et. Robert frank, how far a Million Dollars goes in real estate. Robert . In the most expensive city in the world, a Million Dollars gets you one bedroom. Literally run room. Monaco is the priciest market in the world. A Million Dollars gets you 183 square feet. Now, hong kong they rank second. That gets you 215 square feet. London you get a wee bit more at 216 square feet. Look worldwide, new york looks affordable getting you 366 square feet. Remember, this is for prime property. The top 10 of the market there are plenty of apartments that are indeed cheaper. This luxury. Bargains . Go to cape town south africa a Million Dollars gets you 2200 square feet. Id looked at the best investments, tyler, and number one is new york. Price up 18. 8 . Aspen, colorado is second and then bali, paris, europe, not doing well, and buenos aires, the worst market in the world last year down 15 . Sounds good to me. Yes. With it snowing here, man a new bureau . Im all in. Thank you very much. For more go to powerlunch. Cnbc. Com. Every week we feature people with incredibly cool jobs but this weeks job is out of the world. Out of this world, literally. Im karen nyberg and im paid to be an astronaut. My flight i launched in may of 2013 and we traveled to star city russia for a month and a half before the launch and to do final training and then two weeks before launch we head as a crew down to kazakhstan youre in quarantine, can only see them seen by a doctor and then the time comes and you launch. In the space suit climbing into the vehicle, waving to the crowd, once the engines light and you start ascending, its the most amazing experience. Liftoff of karen nyberg. The objective is to get us to the International Space station and to take us home. Objective of the mission on the International Space station are to act as a national laboratory. We do science for companies around the world. We are studying what happens to the human body without gravity, and also to study equipment. We had a couple space walks in the mission. I was there for five and a half months. We work basically workday, monday through friday. We do House Cleaning saturday. Every day involves exercise because were trying to keep bones and muscles and hearts strong for the return to gravity. Every so often, i had to stop myself and say karen, look where you are. So few people get this experience. Its an amazing office. Weightless for five and a half months. Washing your hair in space, its simple. A little water, no rinse sham boo, and biggest challenge is finding a good foothold so you dont get fly aways. To find what everyday comfort she missed while up there for five months go to powerlunch. Cnbc. Com. Thats what my hair looks like before its done. A big controversy over Hillary Clintons use over a personal email server. Is it the best way to keep your emails private . How much does it cost . How does it work . Well answer all the questions, plus counting down to the close of oil trading to bring you the final numbers. Stay with us. Hello, everyone. Im sue herera, and heres the update at this hour. Laguardia airport opening one runway in the aftermath of 1086. The plane stopped just short of the flushing bay. Major, major luck on that particular front. No major injuries reported. The Boston Marathon bombing trial is in the second day, Boston Police department was the first to take the stand, explaining what he saw when the first bomb went off. Bombing survivor jeffrey bauman, lost both legs in the bombing, explained he wore shorts because pants get in the way of his prosthetic legs. Putin said russian backed separatists and Ukraine Forces have to strictly comply with the cease fire agreement, the best way to lead a comprehensive peace deal. Back upin louisville, the highway shut down due to the snowstorm that hit the area more than 600 trucks alone are stranded with some drivers stuck for more than 12 hours. No reports of injuries. That is your cnbc news update this hour. Back to you. Thank you very much, sue. The final oil settling for the day, and lets get to jackie over at imex. Oil is going to settle under 51. 51. 75, down 75 cents. Whats interesting inging is brent crude is positive at 60. 57. What traders are focusing on today is the dollar strength. Thats where the negative momentum came from. Its the pop we had yesterday. We definitely saw profit taking here, but, you know, we had Rex Tillerson on talking volatility traders expect the same and have been for quite some time here that we bounce around these levels absent a major catalyst. Talking major catalyst, you thought yesterday was one, but there was no impacts on this market. Traders say they are going to work through that inventory in a short period of time. I do want to talk about gas prices because aaa says the National Average for 5 gallon of regular is 2. 46 but they expect a 20 20 cents jump in march. We could see the prices surpass 2. 50 impacting consumers. Back to you. Thank you very much. Shares of exxon mobil lower. Earlier this week warren buffet is selling his stake in exxon mobil, but the ceo tillerson says the stock is still a good bet. We believe were still the very attractive opportunity for people who want to have a piece of this part of the Global Economy that will be there in the Global Economy because theres never not going to be energy demand. The senior vp Energy Analyst joining us now for a take on big cap oil stock. Great to have you with us. Narrowed it down to three stocks. It seems like the theme here is that you like the one stock, chevron, but theres much more oil exposure opposed to some of the gas here big cap oil names. Absolutely. Look, you know, which commoditys down 50 in the last six months . Its crude oil. Companies that have the direct leverage to an oil price recovery, you know we think are fundamentally well positioned, you know in terms of equity investments. Exxon, obviously, you know it is an oil company, but guess what . Half of its earnings come from refining in chemicals this year. Those businesses do not inherently get better or more profitable when oil prices recover. You know the upstream in a vat chain Getting Better when oil recoverings. Chevron chevron, among the u. S. Large caps, has about as much oil direct oil leverage as anybody. Exxon has less because of the refining and the chemicals. Its the worlds third biggest Chemical Company and biggest refiner. Conoco phillips does not have any refining or chemicals, but a big chunk of the production about a quarter of the production, is north american natural gas, which, if anything is an even bigger over supply than the global oil market. Right. Chevron is one with the outperform rating on. They suspended buy back program, really hunkering down in the light of the decline in oil prices. Are you confident they did enough . They have a history of outspending what they make. Chevron out spends this year by 7 billion, and did that last year as well. Virtually every oil company on the planet out spends cash flows this year in a 50 to 60 environment. Thats inevitable. Thats true of chevron absolutely. All the Large Cap Companies are committed to, fist of all, supporting the dividend. Thats they are not going to cut it. They are cutting back on cap x, chevron 12 , for example, and conoco by 30 . They are cutting back on drilling activity. Dividend, sure buy back absolutely not sack zingts but thats a variable and, you know, unfortunately, the way it works, oil price is high, stocks are High Companies do more share of buy backs. There is a school of thought out there that perhaps buying back is not a good idea because you buy more shares when they are expensive. Thank you leaving it there. Thank you for the time. Thanks. Tyler . Melissa, a tale of two emerging markets. On the one hand, china, growth of 7 expected but then theres india, growth at 8 for the year outpacing china. With us managing director Portfolio Manager of advisory and research and david, president of the Riedel Research group. David, india has the better growth story, but the markets been very very hot there compared with china, but very very hot by in the standard. Is it too hot to be safe . Not at all. Actually it underperformed china during 2014, china up 14 in shanghai and bombay at 37 . Its not as hot recently but indias operating from a position of strength right now. They are popular in international investors, enthusiastic as well. Inflation is down critical for them, and they have a new government with a mandate for change. Its operating from a position of strength. How dependent is the market on Prime Minister modis changes . Very. And the policies . Very. They need them to be successful. They are plagued by the discount for some time, the term used for the bureaucracy Holding Back Growth there. They need to be successful. People believe he will be and its time to grow. Respond to what david said. India may have the bigger growth story, does china have a better value story . What about that 58 gain that david just referred to . Yeah i think thats referencing the shares. Well talk about the eight shares and listed securities in hong kong which is and the urs, accessible for most u. S. Investors. Listen. The discussion is the prototypical value growth discussion. You have india stocks trading at 22 times earnings three times book value, 25 times cash flow. You have Major Chinese Companies Trading at eight times earnings one and a half times book value, seven times cash flow. Markets diverged significantly in terms of valuations despite the run of the shares last year. You are dependent as dave said quite a bit on political moves within the Indian Government and expectations for growth. We are very committed investors to protecting on the downside. When we look at the mid and small cap sector in particular within the Chinese Market you see terrible expectations. Virtually nonexistent expectations. For us, you look at the downside, and its very limited. The upside opportunities, though, we think are discounted by the market significantly, and, in fact we think the slow down in growth within china is going to be productive in the long term. If you have a three to five year time horizon, we think chinese oriented securities have limited downside and a lot of upside opportunity. Gentlemen, we have developing news to check in with. I have to leave it there. John, david, thank you very much. Well talk with you and the topic more. Sue now, news alert, sue . Concerns the Mandarin Oriental tyler. Confirms its been hacked credit card systems were accessed, they have removed the offending malware, which was undetectable by all antiviral systems, which they say they had in place. They also say that it is an isolated number of hotels in the u. S. And europe that were affected. They are not naming the particular hotels and properties, just isolated numbers in the u. S. And europe. It was an unauthorized, obviously, cyber attack now confirming it. They said yesterday they suspected there was a problem, and now they are confirming the malware was in place. Undetectable by their systems, and they were hacked. Back to you. Sue, thank you. Still ahead, a new twist in email gate why Hillary Clinton ran her private server while serving as secretary of state. Heading to break, a look at the euro headed 1. 10 for the first time in more than a decade. Stay with us. Were back after a quick break. 80 of the poor in africa are rural farmers. 96 of them are doing rainfed agriculture. Theyre all competing with each other; theyre all making very low margins making enough to survive but not enough to get out of poverty. So kickstart designs low cost irrigation pumps enabling them to grow high value crops throughout the year so you can make a lot of money. Its all very well to have a whole lot of small innovations but unless we can scale it up enough to where we are talking about millions of farmers, were not going to solve their biggest challenge. This is precisely where the kind of finance that citi is giving us is enabling us to scale up on a much more rapid pace. When we talk to the farmers and ask them whats the most important thing. First of all they say we can feed our families. Secondly, we can send our children to school. Its really that first step that allows them to get out of poverty and most importantly have money left over to plan for the future they want. [ male announcer ] your love for trading never stops. So open an account with schwab. And when a market move affects, say a Cloud Computing stock youre holding, we can help you decide what to do. With tools that help you see how market activity is affecting your positions. So when the time comes to decide whether to scale in or scale out. You can make your move wherever you are. And start working on your next big idea. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. Tonight on usa, catch the premier of of the new miniseries the dig starts tonight. The fallout continues, use of personal i mails while serving as secretary of state, and it now turns out those emails were linked to clintons own personal email server. We have more. Tyler, this is what we know. Like other secretaries of state, Hillary Clinton while in office used her own private e email address rather than a state. Gov email address as she was secretary of state. She had her own personal email address, which apatiently was hdr 22 clintonemail. Com. Not easy to figure out for outsiders. The actual server for this was housed at the private residence in new york. The question is why she would have wanted to do this. There are a bunch of possible answers to that. One is that by asking the server located on her property and legally her own private property opposed to government property, she 4 a lot more control over who had access to the emails and what emails would be turned over to the department of state for National Archives purposes. You know government officers at the end of the term in office turn over all their papers to the National Archives including emails emails. 24 way clinton staffer could be the ones to choose which emails were sent over and which were held back. There are questions now about the propyrety of that. Also its entirely possible that this setup was relatively secure and at least hidden from public view in the sense that hackers would not go after emails there, but look at state. Gov, and seen with edward snowden, theres problems in keeping Government Data secret. This might have been a way to keep data someplace where hackers would not necessarily look for it. Al toud tyler, this is easy to do. I talked to email experts today saying you can set up your own receiverer for a thousand dollars and can in a half hour. No all that complicated, but it presents complications Going Forward for Hillary Clinton Going Forward. Thank you very much. One wall street firm bets on coffee and donuts. Well tell you about it ahead. Update on the real life wolf of wall street. Where is he today . How much money he still owes tax players like you and me. Wee are back after this. Now with the xfinity tv go app, you can watch live tv anytime. Its never been easier with so Many Networks all in one place. Get live tv whenever you want. The xfinity tv go app. Now with live tv on the go. Enjoy over wifi or on Verizon Wireless 4g lte. Plus enjoy special savings when you purchase any new Verizon Wireless smartphone or tablet from comcast. Visit comcast. Com wireless to learn more. Big interview on closing bell, and mark joins kelly evans live with his take on where there might be a tech bubble. Kelly joins us now with a preview. Hey, melissa. Very interesting blog. It is. Listen, a lot of people are taking issue with it saying how can you possibly compare, even what excesses and egregious processes with the dotcom bubble in 99. Exactly. And also his point about there being no liquidity but overvaluation, and that is worse than a market that is overvalued with liquidity. If a bubble is a bubble but it doesnt burst, because theres no liquidity, than is it really a bubble or is it just an overvaluation that will eventually work out gradually on its own . Or if a tree falls in the 1 forest, does it matter to the 99 . That is the question hanging over this. Its like look if you have people investing in these companies and they have to be accredited investors and theres a certain threshold and its not as high proportion as americans as it was last go around. Okay, even if theyre making poor decisions and a lot of these investments dont bear out and may be worthless, what extent does that matter to the markets more broadly or the rest of us to those people watching who may not be involved. All great questions. Look forward to the interview. Coming up right after 4 00 right after the close, melissa. See you then. Exactly we will see you then. Time for street talk. Five big analyst talks on the stocks you need to know about. Kick it off with a huge mover. Made a huge move to the upside in the past half hour. Vivint solar, lowering eringering eps estimates. Reiterating its outperform rating at a 25 price target. I looked at whether or not theres a big short squeeze here in the stock. The Short Interest is very low. Look at that move though. 30 today alone. My goodness. Next a big trade for dunkin brands. The firm citing increased sales, strong results from its perks loyalty programs. Dunkin, melissa, up more than 9 this year. Pretty good run and the kcup business is going strong. They recently penned a relationship with smuckers for distribution of their kcups. Broader distribution there, thats good for franchisees and the stock. Up next plantronices. The company said it would return 60 of total Free Cash Flow to raymond james. That means stock baybochuybackbuyback. Jp and exelon about 15 upside to the stock. And this has been an underperformer. Its down twice as a much yeartodate. Our final stock here is embrair. Disappointing earnings and 2015 guidance below expectations. The brazilian real weakness that was a negative. All right. Well he is the reallife wolf of wall street. Jane wells is on his tail. Melissa, perhaps no one better described personifies american greed. Up next what he did, what hes doing, what he owes and what my hair looked like eight years ago. When power lunch returns. Introducing. A pm pain reliever that dares to work all the way until. The am. New aleve pm the only one to combine a safe sleep aid plus the 12 hour strength of aleve. [ male announcer ] at northrop grumman, weve always been at the forefront of advanced electronics. Providing technology to get more detail. Detect hidden threats. See the whole picture. Process critical information and put it in the hands of our defenders. Reaching constantly evolving threats before they reach us. Thats the value of performance. Northrop grumman. At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Tonight on american greed, the story of Jordan Belfort, the man who inspired the wolf of wall street. Jane wells has interviewed him in the past. Jane, whats he up to now . Well tyler, he is still convincing people to part with their money. And he still owes the government more than 98 million. Jordan belfort, who wrote the book about his pump and dump schemes and crazy life which became an oscarnominated movie now makes a living charging people as much as 2 grand to learn his legal sales techniques. His story from rags to riches to rags to riches again. The story will be profiled tonight on american greed. Heres a clip in a 2007 interview with me and the effect he has on people. There was so many kids and everyone was making so much money, it was almost like a selfcontained society. In a way, it was like a cult. And Jordan Belfort is the cult leader. Every morning, belfort delivers a fiery, motivational speech rallying the troops around the hot stock of the day. He would convince them that they were going to sell sell sell that stock. They were supposed to rip the clients hearts out through the phone. I would say to my brokers, okay, i want you to do this to do that rip their heads off. And i stole from the movie wall street, that was the best thing ever. I had to use those words to be like michael douglas. Because theyre sheep and sheep get slaughtered. That whole story tonight. Belfort was ordered to pay 110 million in restitution. Hes paid less than 12 million. Says he doesnt have to pay anymore since hes on probation, but he wants to. However, the u. S. Attorney tells me hes still got to get half of all proceeds towards his judgments. When i asked if hes paid anything lately they said no comment. But american greed reports that the 1 million he got for the movie, he paid the government 21 grand. How does he the get away with that, number one . And number two, how does he live . Does he live in a big house, drive fancy cars . Hes still living on the west side, was a lot of times hes out of the country. Hes making as much as 30 grand a pop for these appearances, but the u. S. Attorney wont tell me what theyre doing to try to get this money from him. And they wont tell me if hes even paid a dime in the last year. That to me is very strange that the Eastern District of new york just wont update us on this public case. Whats your Conspiracy Theory as to why theyre not . I dont know i dont really maybe because Loretta Lynch is too busy with becoming attorney general. I dont know. I also tried to reach out to jordan as i have repeatedly over the last year and i did not hear back. How is he to deal with . The movie had more fbombs per unit of film than ever movie ive ever seen in my entire life. Its a real metric. Whats he like to deal with . By the time i met him, he was clean and sober. And heres the thing about jordan. Hes really likable. I wouldnt give him any of my money. Im not sure i would go pay 2,000 to go hear his sales techniques. But a lot of people do and they do because theyre kind of groupies, guys that want to be just like him. They see him as kind of a winner. But hes really likable. I can see why he was such a successful salesman. A doubleedged sword. Jane wells, thank you. You can see the entire Jordan Belfort story on american greed. That is tonight, 10 00 p. M. Eastern time. And tyler, i will see everybody on fast money tonight. And we talked about the huge pop were seeing in vivint solar. Canadian solar is another one popping on the back of earnings. Also saying it plans to have a yield co all the rage in the solar industry. The stock is up a lot, today. There we are 15 . So were going to be talking to the cfo at 5 00 tonight on fast. Well all be watching and well all be watching at 4 00 when the closing bell has the inimitable mark cuban, owner of the dallas mavericks, a shark among sharks. Thanks, everybody, for watching power lunch today. For more one you can find more cnbc. Com. Closing bell starts in three, two, one now. And welcome to the closing bell, everybody. Im kelly evans down here at the new york stock exchange. I thought we were at the north pole. Feels like that outside. Sure does. Im Bill Griffeth. A snowy day in the northeast again. Much of the nation, of course, we are watching a market trying to stay in the green after two consecutive down days after the nasdaq allegedly closed above 5,000 on monday. Which i still wont believe. It will be real if it happens when youre here. See if it has more staying power that time. Were continuing to track the developing story out of laguardia airport, northeast of here, a plane skid off the

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