will not raise rates today, we will ask, how about more decenters like kansas city fed who wants a 1% interest rate hike. how about killing the extended period phrase. gold is soaring, melissmelissa. >> we continue with the reality check by looking at the housing situation in miami, boston and seattle. this is "the call" on cnbc. investors awaiting comments from the fed after this one-day meeting. more descenders on whether to begin raising rates. more on that in a bit. in corporate news, check out ge, the parent of this company leading the dow higher crossing 1750. ge cfo now says the company plans to resume dividend hikes in 2010. look at how the s&p is trading right now. up six points on the day 0.5% and take a look at the dow, as well as larry noted, gold soaring today and dow is higher by 36 points and a third of a percentage point and the nasdaq trading higher, as well. better than half a percentage point. let's look at gold. why not? up about 20 bucks. >> predicting more easy money and a weak need. that's what's wrong with this story. >> i think you can hear larry in the background. let's go down to trish and hear what is happening. >> i wore my gold dress in honor of the commodities moving higher. we are looking at a market that is moving higher and s&p lhittig a level that hasn't been seen for 17 1/2 months. investors await the big decision at 2:15 coming from the federal reserve. i want to bring in bob for a closer look at what is going on. how much of that is impacting things today or perhaps during the course of the week. >> everyone has been complaining about the volume and it has been on the light side. quadruple and guarantee volume pick up and the s&p and a lot of stocks sitting at strike prices where there is a lot of option activity. s&p 5001150 the old high and that is where a lot of the option activity is at. if you can decisively around here and we are getting into that neighborhood right now, a lot of these traders will hedge at higher levels, that will bring the market up a little bit. there are other stocks that are doing really well in the last few days. >> oil. >> general electric. >> i thought you said oil. certainly watch commodities do better today. >> strike price at 17.50. mr. sharon talking about a potential dividend hike that is another positive for the market. tremendous two-day run and much higher volume and gp morgan -- >> walmart saw significant gains yesterday adding to those gains here today. >> positive comments to talk about expanding their financial services and, again, another stock in the last few days that has been a bit of a laggard as the market has moved up because it's more of a defensive play that is also capturing a lot of attention. a lot of good reasons out there. also, speaking of dividends, you heard what limited did after the close yesterday. $1 special dividend that they're giving back. listen, the companies have cash. they're sitting on them and deciding what to do. limited has decided to give some money back. same happened with van heusen yesterday going out and buying tommy hilfiger. they're doing it with debt. companies getting more comfortable returning money to shareholders and taking on some debt. >> very good sign, very good sign. >> clear sign things are loosening up a little bit. >> you have to do something with it. bob, thank you so much. mr. kudlow, kick it back over to you. >> thank you, trish. the feds holding a meeting this afternoon to discuss monetary policy why they are not expected to raise rates some observers like thomas honig who is calling for an increase of up to 1% right now. here's what he told steve liesman earlier this month. >> i think they could be higher and the effects would be fairly minor, if you can do it gradually. 1% by any measure is a very accommodative interest rate. the rate as low as we got in the last cycle in the 2002, 2003 period. >> all right. joining us now to discuss all this is mark, director of financial regulators at the kato institute. >> scary music. >> dan greenhouse chief economic strategist and steve liesman -- >> terrified. >> he is steve liesman. >> let's talk about this. mark, gold is up $20. that's not a good sign. import prices are rising 11% year to date in february. industrial production and retail sales are showing the shape recovery. mark, we are not in an emergency any more in my judgment, yet, the fed is running an emergency zero interest rate money pump priming policy. why is this? >> i wonder that myself, larry. i mean, clearly, as you are indicating, we're clearly not in an emergency situation. i also think we need to keep in mind what friedman reminded us, we're not only looking at what is going on today, we do need to think about what is going on six months to a year from now. i'm concerned if most of the emphasis on the labor market which may be a six-month lag with what is going on with the rest of the economy and they could easily be a year or two behind the curve on when they need to act. we need to be more forward looking and i'm certainly willing to say that there is a lot of, you can find evidence on either side in terms of if expectations are weighed or not. we need to look to the future and weigh it today. >> look at what banks are doing and basically borrowing to the government and making money doing it. a lot of smart people who think at some point this has to lead to inflation and that could explode sort of suddenly. is the fed going to be too late at that point? >> i don't think you can make the case that inflation is going to explode suddenly. right now, a lot of indicators working in the feds' favor. >> right now, but a lot of smart people making bets out there that we'll see it come on strong. >> a lot of smart people who tell you there is no inflation in the immediate future. >> in the immediate future. >> much more money that goes against that idea, melissa. if you look at the bond marxts and look at essentially many, many markets betting a lot -- >> there is no deflation. dan, let me just raise this point. from melissa's inferences, which are very important inferences. ben bernanke is fighting a deflationary depression. my positive there is no deflation left, that's what the price index shows and take industrial production yesterday. the thing's growing at 5%, 6% over the last three months at an alarming rate. why are they still running an emergency monetary policy? >> larry, i don't think anybody would disagree with that. i think where people like steve and i would disagree with that argument, we need to move an accommodative policy to immediately tightening in a sustained and aggressive fashion. >> i don't think that's what we are suggesting the response is. >> we're talking about going to 1% immediately. >> you think that's super aggressive? >> i think larry's favorite thing, depending on how you set it up still shows that the effective feds fund rate should be negative. >> negative. the taylor model -- we don't have a deflationary threat. >> the taylor model will show after you get a couple of more quarters of 3% growth that the fed is about two percentage points too cheap right now. that's the important thing. we have to look forward on this. steve liesman, i'm saying the emergency is over and there is no deflation, no true deflation. look at the price index. >> i think if you try to attack the thing that is the biggest risk, in part we know how to deal with inflation. the inflationary numbers were negative and a disinflationary threat out there right now and look at the huge overcapacity in the market right now and see the unemployed labor and i still see the concern about deflation and i still see -- >> the 12-month cpi is 2.6. >> on the headline. >> and going lower. >> when you look at the import prices. today, import prices overall did drop. they're rising at 11.2% in the 12 months of february. 11.2%. if you take a look at the core, it's still 2%. see, mark calabria, i don't think the price index levels are falling therefore i do not buy the deflation argument and therefore i don't know why the fed acts on the extremely sound advice who told the kudlow report last night that it is time to ditch the extended period phase. your take. >> that's slow and gradual. >> let's change the language and try to change the expectations and that's very small and i want to echo, again, nobody says we should go up to 2% or 3% federal funds rate and we are talking about something very accomative and i feel like we have flashbacks to 2002 or 2003 when all the talk was it is going to be deflation and you could have said all the same things then and then we found ourselves in a bubble several years later. i'm skeptical and i understand steve's point that mechanically we know what to do about inflation. it's a political issue in terms of having the will to actually deal with it. that's what i doubt. >> i think it comes on more quickly than we expected. >> a huge output gap right now. but the fed has to be very careful as it closes. as it closes, i'm agreeing with you. >> now, steve liesman -- >>ium sorry, we have to go. we have breaking news. i'm sorry, larry. we have an interest rate decision coming up, now, that's gone. trish, over to you. >> at 2:15 today but let's get to the breaking news we were telling you about. standard and poors remove the credit debt rating. appropriate to reach its current year fiscal target. again s&p confirming it has removed the country from credit watch negative. so, some big news there. markets still up 27 points right now. coming up next, getting out ahead of the fed. find out what markets want to hear from policymakers and how traders are positioning themselves. plus, opec oil ministers getting ready to meet this week. how much opec can squeeze out of crude prices without ruining the economy. there's a magic level, we're going to find it. hi, folks, welcome back to "the call." tracking the hottest stocks in the world, maybe. check out bpop. the largest bank in puerto rico. the fdic is shopping three small puerto rican rivals and bpop said we would like to be there and consolidate. fdic wanting to get them into solid hands. up 12.5% right now. a big volume, love to see that. more than 100% of the ten-day average so far north of a 10 million shares and it's at $1.6 billion market cap if you're unfamiliar with popular ticker bpop getting a big pop today for bpop. guys, back to you pd. we have some breaking news here, we want to go over to darren rovell. what have you got? >> the ap is reporting, trish, that tiger woods is returning to the masters which was speculated, although there has been other speculation that he would go to tavistock next monday and tuesday and bay hill wednesday, thursday, friday, saturday, sunday of next week. returning to the masters as his first tournament and some people will consider that a risk. thought maybe he would need some prep time before that. but this is going to make the masters, which is already big even bigger. sean mcmanus of cbs said this is the biggest event in 10 to 15 years besides barack obama's inauguration. as far as the tv news event. it is going to be crazy from a ticket standpoint, from an attentionsta standpoint and the focus will be in the first week of august, sorry, the first week of april for the masters at the end of the first week of april in augusta, georgia. that tiger woods is returning to golf, according to the associated press. back to you. >> certainly, a lot of eyes watching that. darren, you mentioned it could perhaps be a risk. he's not been able, i take it, to play much over the course of the last several months. >> he's been able to practice, clearly. he has been practicing more, as has been reported. the reason why it's not considered a risk, trish, is it seems like he could get the most protection at augusta. they don't really care about making money. they don't sell that many tickets. the crowd is a little bit more controlled in terms of high brow versus who would show up at the arnold palmer invitational. so, in some ways, not as much of a risk and can control the audience, the crowd more and now that we know for sure, trust ap's reporting at this point, they'll be able to prepare for what will be the biggest comeback of all time. >> it will be a big event. thank you so much. well, it is fed day, so do the markets want to hear and how should they position themselveses ahead of this afternoon's big meeting. we want to bring in harry and also jim, managing director at gtm institutional services. great to see you guys. jim, you know, a couple different ways you can look at this. typically, markets don't like the idea of interest rates going up, but another school of thought that says, you know what, we need to do more in terms of the dollar. we need to show that the fed has an exit strategy, et cetera. some people think it could be a positive sign for the markets. where do you come out, jim? >> i think longer term a positive sign for the markets and longer term it will not. i don't think much will go on in short-term interest rates. just a couple days ago, enormous hedges being put on in case something hawkish comes out of the meeting today. then you go back to yesterday and see a lot of dollar buying which seems to be the same sort of thing. i think they're going to be disappointed. the fed might talk more about liquidating the balance sheets as far as what they have on their books now. to me an excellent way to take liquidity out of the market. larry asked the question before, why are they not going to move rates? to me it seems like they think the banking system is fragile. the money coming from the steeper yield curve, how many of those banks will go belly up and they can raise long-term rates now which is a little different by selling out that stuff. i think the individual investors takes advantage of that by buying something like the etf and in case those rates start to go up a bit. >> harry, what if they remove extended period. i know that's a long shot. but what if they removed extended period from the statement today at 2:15, what would the market reaction be? >> we don't think that the risk is in the fed. we think that the real risk is on the unexpected as in the reliance on foreign buyers. we just think that given how low rates are and the expectations that rates will continue to be where they are, we just think that the market is vulnerable to unexpected shocks. what if china decides to change their policy and pull back -- >> that's a great point. can i just ask you, can i follow up real quick. this china thing, you're absolutely right. china tightening its credit, number one. number two, a u.s./china trade and currency war. we're not far from it. you read the headlines from yesterday and today. a trade and currency war with china. much more important than the fed? what would that do to the stock market? >> oh, i would say thatted there be at least 10% downside. we agree with the other guests, we're a long, short mutual fund manager. we're positioned to take advantage -- >> harry, let me just, back to what larry was saying. it seems like in some ways we're looking at history potentially repeating itself in the way of the smooth terror fact going back to the '30s. we look at the potential trade wars with china and try to factor in what interest rates will mean in all of this. where do you come out? >> i just don't think that the risks are adequately discounted in the market. in addition to china, there are a dozen other potential shocks yet rates are trading at historical lows. it just doesn't make any sense to us. we think long rates ought to be a good 200 basis points higher to take in to account the potential for china, the potential for inflation and for the unexpected for -- >> such an interesting point here. china, look, the u.n. and the dollar are linked and have been since the crisis started in 2008. maybe china is the fed. maybe china is the one that is tightening credit and tightening money and interest rates and our feds doesn't have any and they don't have a real keister or a backbone or cuhawns. think about that. maybe china is going to do it for us. what does that mean for the stock market? >> no question about it. last week when they got the bad inflation data now start the buzz about the rebuzz and that could hurt the dollar and this is interesting decaughtomy right now. if it hurts the dollar, do people start going back into stocks because of that? i say no. that relationship at some point in time breaks off a little bit and we could see a down move in the stock market because of china. >> larry, that was one interesting wito put it. okay, thanks, guys, we appreciate it. you can catch harry on "options action." melissa? up next, opec oil ministers getting up for the big meeting. we will drill down on that. and housing battles back. real estate experts from both coasts are here to tell you which areas are back from the brink. you're watching cnbc first in business worldwide. (announcer) we're in the energy business. but we're also in the showing-kids- new-worlds business. and the startup-capital- for-barbers business. and the this-won't- hurt-a-bit business. because we don't just work here. we live here. these are our families. and our neighbors. and by changing lives we're in more than the energy business we're in the human energy business. chevron. all rightp the oil market tightening up and picking up. saudi arabia oil minister saying opec does not have to take any action on supply when they meet in vienna tomorrow with oil prices hovering in the $80 a barrel range. let's ask chris jarvis from risk managet and director of research at aif advisors. gentlemen, thanks to both of you for joining us. chris, what do you think? it is a delicate balance out there. they want to see oil as high as they possibly can to make money but it will choke off the american economy. what do you think that magic number is? >> retile gasoline start to get around $3.30. i think the $3.57 and $3.50 mark is a new mark where consumer credit. opec will really sit on their hands and probably say not much out of this meeting and pretty happy that we're $80 a barrel and also the fact that we had low volatility compared to the last few years. are not going to shake the bees nest here and create anything. >> kyle, you agree with that? >> those are the same type of numbers i see. the job's data very poor and if you look at the weekly product supply number while it's bounced pretty nicely from late last year and early this year, the numbers in the 19, mid-19 range still very, very low and comparable to '03, '04. the demands not here and pretty lacklust lackluster. i think saudi arabia and the rest are cognizant if they raise too much and shut off emerging market growth they could have a problem. >> demand is very lackluster. chris, saudi arabia ambassador out saying he sees it firming up. >> i think you're starting to see -- >> down the road when the economy recovers but he's saying right now he's seeing demand get better around the world. do you see right now demand getting better anywhere? >> china still record level units for cars being sold. you're still seeing a tremendous amount of growth and in the united states we are seeing a recovery economically and starting to see some of the numbers up from the demand side. i do believe when he's talking emerging markets he's talking today, but down the road. i wouldn't be surprised to see demand in the u.s. actually surprise on the upside. >> kyle, if that's true, why can't we break out of that range? we have seen the top right here at 82 buckses a barrel, 83 and we can't get much higher and we seem to go back down to the 70s. >> sure, one of the things that i think is also being underestimated is the increase in non-opec supply. the report last week increased global demand as the minister alluded to in the fact that demand is improving and looking better. however, the same time lowered the call on opec crude because nonopec supply is finally starting to rebound and starting to surge a little higher, especially in places like russia and brazil where russia just reached a post-soviet high and brazil make new production peaks every day. >> both of you before we go, will we see 100 this year in 2010? >> i believe the possibility of $100 is probably over 70%. >> that is kind of a yes. kyle, real quick, yes or no. >> i would say it is lower than that and precipitated on some kind of geo political event. without that, i think it's a little unlikely. >> all right, guys, thank you so much for joining us. larry, over to you. bright spots emerging in housing. that's right. the real estate polls from three major u.s. cities. and 3d movies are hollywood's latest booming business. julia will join us and have the julia will join us and have the companies that are cashing in. 's of independent investors? florida has had a tough time dealing with the housing crisis and the recession. unemployment is at 12% and half the mortgages are under water. however, there are small bright spots when it comes to real estate. michelle joins us from downtown orlando. >> logger just in the last six months some of this has eased. this condo sale that has fired. condo sales jumped 200% over 2008. call it a vulture's market. both investors and homeowners are swooping in on deals since developers have slashed prices by 50%. >> the last few months inventory has been flying off the shelves like 350 units a month and not that the developers are making money and not that the banks are making money, but they cut their losses by moving the inventory. >> reporter: occupancy, mostly renters, is up 20% since may. >> back in '06, '07 we had a five-year supply of inventory and that has been reduced to a year and a half. twice as many homes and condominiums today than we were selling two years ago. >> reporter: given rise to dozens of bulk sales, as low as $63 a square foot. >> 280 a foot roughly in a marketplace where it costs $200, $250 just to construct. >> reporter: that is for buildings that once sold at $600 or $700 a square foot. where he was once the only person living in his entire building. >> i used to joke that's how horror movies began. >> reporter: the last six months saw a flow of newcomers. >> my neighbors are from san diego. >> reporter: some see it as a chance to grab that deal before someone else does. about 23,000 condo units were built here in greater downtown miami since 2003. the number left right now inventory is at about 7,300 and some predict that could be absorbed in two years. that might be a small bright spot, but, hey, florida could use all the bright spots it can get right now. trish? >> it certainly could. thank you so much. michelle kozinski. we went to check how real estate is doing. aubrey cohen a reporter in seattlepi.com and jennifer mckim covering real estate at the boston globe. great to see both of you. let's begin here on the east coast with jennifer. talk to me about what you're seeing in terms of trends in the boston market. any signs of life, any signs of recovery? >> hi, well, absolutely. in massachusetts. massachusetts really was the first state to feel the housing downturn in 2005 and prices started to drop, not as fares as in some really hard hit areas like california or nevada and prices fell around 20% and started about a year ago to uptick. we have seen home values go up over the last year. in the last six months, home sales go to increase, people are buying homes, especially the lower priced home and even median home prices have gone up over the last couple months. so, definitely, people are saying they are feeling a recovery in massachusetts. >> aubrey, it's interesting because a lot of this comes down to timing. seattle saw its downturn in the real estate market a little bit later than boston. how is that affecting the shake out right now? >> well, we're a little bit further behind in the recovery, although i should say we're tracking pretty well with the national recovery. our prices have been bouncing around pretty much at the same level for nearly a year now. our sales are up year over year, of course, a year ago they were nothing to write about. we are seeing now some of the fallout because of condo projects. you were talking about miami, seattle has a major building that just cut their prices by 50%. we're still going through some of those. >> jennifer, just to focus in on your more optimistic scenario, is it familieses buying these homes and condos, investors, institutions, who is buying this stuff? >> i think it's a little bit of everything. definitely a big push for the first time home buyers credit. a lot of people trying to buy homes in the lower markets when they can and the interest rates are really low and they're looking for homes. also now a lot of investors going into the harder hit neighborhoods and buying in auctions and buying some of the lower price condos and a little bit of everything going on ohere right now. >> aubrey, what is holding it back up in the northwest? i think in some of the california cities you see the same scenario as you see in boston. that prices have fallen substantially, affordability has improved and money is cheap. why isn't that happening up your way? >> i think you have a couple of things. one, we didn't fall as far. there's not as far to come back up and i think in this area it really just boils down to the economy. the national economic mood has picked up and the same is true here, though, it will be a little while before that translates to jobs and that is really what it is about, although i should say that we have some continued mortgage issues, if interest rates start to come up, adjustable rate mortgages could get up and that could be a drag in that economy. >> let's talk about this with someone of a different context. jennifer, do we really, i'll take this off on a bit of a tangent here, do we want housing going back to the levels we saw it at between 2005 and 2007? let's not forget that turned out to be a massive bubble that really was a huge drain on our overall economy. do we even want to go back there? >> absolutely not. nobody wants prices to go up to unaffordable levels and that's one of the concerns here. in massachusetts they have a problem with a low inventory. people are not putting their houses on the market because they don't want to sell them at the lower prices. a real push, if people don't put homes on the market, the prices will start going up more. it's a real fine line of keeping a healthy market where you have people in homes where their values aren't going down and also not going up so much that they're unrealistic and nobody can live there. >> aubrey, just back to you, nationwide we have new housing starts today. the number was down. a lot of it was february snowstorms. but when you abstract from all the bad weather basically year on year, housing starts, new construction is flat. permts are up 11%. any building activity up your way? >> we have a lot of people getting their ducks in a row and they want to be ready to go and they see the signs it's time when the lenders give the money to build the buildings. i wouldn't say any great rush to break ground just yet. >> nobody in their right mind should be building new homes right now. i don't know why they would do it. we would be thrilled to have housing starts and construction flat. we have to get rid of the inventory on the shelves. that's going to take a while, is it not? even in boston, jennifer. you don't have any real building going on in boston? >> developers waiting to see what they have and looking to see what is going on with the market. some people seeing right now the opportunity is with the lower priced homes. the high-end homes in massachusetts are really still very stagnant. really the lower end that is selling. >> that's interesting. that may have something to do with the availability of credit in some of the higher end homes. >> exactly, jumbo market is pretty much dead. >> well, jennifer and aubrey, we thank you so much for joining us. we enjoyed covering this coast to coast, seattle versus boston. thank you for your time. >> thank you. >> we will have special coverage of the state of the realty market all day. we have people on the ground with special reports. our big question here today, what is your house worth? more than i paid, less than i paid? my mortgage is worth more than the house? cast your vote right here at cnbc.com. melissa? the fcc unveils its plan to expand high-speed internet service. 3d movies boosting box office sales to a record high last year. the 3d factor and who is cashing in. boss: y'know, geico opened its doors back in 1936 and now we're insuring over 18 million drivers. gecko: quite impressive, yeah. boss: come a long way, that's for sure. and so have you since you started working here way back when. gecko: ah, i still have nightmares. anncr: geico. 15 minutes could save you 15% or more on car insurance. welcome back, everyone. well, the ceo of american express made $17.4 million in 2009 as the nation's largest. this is according to a regulatory filing and this is a little less than what he had made previously. $38 million in 2007. let's take a peek at how american express has traded. we got how it looks over the last three years down 26.5%. today edging up just a bit, 0.03%. announcing new plans how americans work and play on the internet. hampton pearson joins us from washington with a look at the broadbound winners. hey, hampton. >> at this hour, the fcc is rolling out a braundoadbound bl print. the goal making the internet accessible and affordable generating 100 million households who don't have it today. listen to fcc commission member michael copps. >> america's future towns square will be paved with broadbouand breaks. sustaining democracy by informing all of our communities in the digital age goes, in my humble opinion, to the core of what we're trying to achieve. >> let's look at some potential winners and losers. internet speed 25 times the current average and that's a big win for equipment makers like cisco and much of the new broadband would be wireless. at&t, sprint andnextel and others. itc delta and tw telecom a lot of that wireless boom could come at the expense of broadcasters and others who own spectrum and keep it to grow their own mobile services. the fcc is seeking the power to auction off spectrum to increase broadband capability. now, major fcc rulemaking will be required. congress will also weigh in. an estimated $21 billion in government funding is needed to boost broadband and create a public safety network. one estimate puts the private investment price tag at $350 billion over the next decade. think jobs and infrastructure. larry? >> thank you very much. power lines coming up at the top of the hour. sue herrera, what is on your plate? >> we will talk about the still-developing story of tiger woods returns to golf and darren rovell joins us with that. broadband across the land. the federal communication commission with high-speed internet expansion proposal and michael powell will join us live with his take on the implications of that plan. also ahead, the story of a hilton head luxury home priced at 14 million bucks. you won't believe what it actually sold for. and long live the king of pop. sony is saying that as it bets 2 $250 million on michael jackson. whether it is money well spent or not. trish, back to you. >> thank you, sue. when we come back, the 3d explosion taking hollywood box office profits to a new dimension. >> julia boorstin is looking at who is cashing in. julia? >> melissa, 3d is big business at the box office and goldmine for all the companies behind entertainment phenomenon. who is profiting from the 3d boom coming up. welcome back to "the call." housing starts fell almost 6% in february to a seasonally rate of 575,000 units. the decline reversed last month's gains thanks to bad weather in the northeast and the south. building permts for single family which are a gauge of future activity fell 1.6% in february. analysts meredith whitney said on cnbc that the residential housing market will double dip. she expects home sales to fall once government programs expire and she adds that treasuries will go through a material correction. but some light in the commercial market, a price waterhouse cooper can envision a challenging recovery within the next 24 months. check back with the realty check in the 2:00 hour. until then, go to the blog realtycheck.cnbc.com. hollywood is betting big on 3d. ticket sales exploding and 3d screens being rolled out. news corp and disney both had box office hits with avatar and also "alice in wonderland." are there good investment opportunities. cnbc julia boorstin joins us. hey, julia. >> good morning to you, trish. the number of u.s. screens is expected to double to 6,500 this year. everyone here theater companies, movie theaters and 3d technology makers are working to build a booming business around this new dimension. reald is the leader while dolby has 13 fer but has doubled its business in the past year. yesterday dolby slashed the price of its glasses from 27 to $17 a pair to help grow its global business. >> the market share that we have been able to obtain in our short time in the industry gives credence to our belief that we do have the best products. >> sony is ramping up 3d development to capitalize on upcoming availability of movie 3d screens and after just one 3d film last year and none this year. >> i think everybody has woken up to the understanding that 3d is something that the audience is not only feel comfortable with but expect in certain big event movies. >> publicly opera and sporting events to theaters say more 3d systems will help drive double-digit growth this year. master image with 3% for glasses are putting 3d movies on cell phones. they sold 300,000 units in japan. 3d television is also starting to take off. comcast announcing it will broadcast the masters golf tournament in 3d. melissa, over to you. >> thanks so much. quick break and then back with this morning's market action. don't miss an all-new episode of biography. decided to open a winery in modesto, california, it was a big risk because they had only ever grown the grapes. the brothers went on to build the largest family-owned winery in the world. >> as prohibition ended in december of 1933, there were 804 wineries licensed to do business in the state of california. among them was permit number 3457 for the tiniest earnest & jewel hoe gallo winery. no one could imagine that earne earneear earnest & julio would go on. >> catch it at 10:00 p.m. eastern. >> i love that. i just love that going back to the 1930s. that is terrific stuff. gk good for the gallos. great story. on stocks you need to watch during afternoon trading. nobody better. matt nesto is here with a look. >> i love you and hope you love -- nothing personal folks, just business. kind of a ridiculous saying backed up by nastiness. if you look at what investors love, they believe in the economy and they believe in the long-term growth and the recovery story, but they hate the dollar and today when we saw the s&p move on the grease credit rating off of watch and reaffirming of the dollar sunk and the stock market gained. if you look at the performance in the market today and the groups digging the dollar in terms of its decline, couldn't fit it all on one screen. the semiconductor having a great day. up almost 3% here today. material is very strong and real estate stocks, that's kind of a separate story, not really dollar related but having a very strong run of it today. some of the titantic moves on this tuesday include cliffy, not the one from, of course, the -- what's the show? i just drew a blank, "cheers," thank you. private equity might be interested in that company. boston scientific, ge and starbucks very huge. day 27 for those of you counting at home. >> all right, matt nesto, thanks so much. that will do it for us here on "the call." >> thanks for watching i'm trish regan. >> right over my head, i'm larry kudlow i'll be joined by toll brothers ceo robert toll. "power lunch" is coming up next. good afternoon,