U. S. Equities lost nearly 3 trillion this year. The worst 28 trading day start of the year ever as it pretends that the wilshire 5,000, which doesnt even have 5,000 stocks in it anymore, but we like to quote that because it does put into perspective how much many of you have lost. But today, the sun is out and the winner is financials. Leapfrogging all other sectors. Why . Well, that man reports late yesterday that jp morgan ceo bought 26 million worth of his own stock, abank investors all gecked up and Charlie Gasparino is coming up with a alert, why you wont want to follow the heard and be aware of the buy back. Hillary clinton hitting Bernie Sanders for her ties by wall street in last nights democratic debate. Today this is a live picture as they await Hillary Clintons appearance in denmark, South Carolina for a town hall meeting. These live pictures were waiting to hear what she says. Well bring you any breaking news. But this as the republican side of it. Yes, those candidates swing through South Carolina to reach the evangelical voters in that state with one major exception. Our Political Panel tells us if donald trump can get away with trading the palm meadow state just as he did iowa. Basically not being there. Less than an hour to the closing bell. What a rally here. Lets start the countdown. Liz okay. These markets are a moving target but banks are going in one direction and that is up. The big bounce back today. Financials are leading the charge in the market rally, the sector is up 3 and the names you see on your screen are all moving higher and pretty much leading the way. Look at this. Goldman sachs up three and threequarters but nowhere near what city group is doing. Seeing close to 7 right now but not far behind the financials are the materials. That sector is up about 3 . The biggest leaders on the day . Freeport, which of course is a minor, international paper, alcoa and cf industries. Big move there for freeport up 12 . But despite the markets being up, there are some notable nasdaq losers, activation blizzard, a gaming stock, reported after expedia, they had been soaring. Do you remember i told you about those two yesterday . This they had good earnings but a few losses today perhaps Investors Cash in on the big move. Its been a wild week on wall street. Every single week this week, folks, we have seen the dow moving triple digits stretching and pulling in all kinds of directions but that trend is hardly an anomaly and, in fact, weve seen 27 consecutive days of these kinds of swings and that ties the 2008 record the height of the financial crisis. So how are the experts playing this volatility . Lets get right to the floor, cm etraders, how is it possible that yesterday at one point we were down 400 points on the dow and today everybody forgets that the rainbows are out, do you believe this rally . You know what . I really dont believe this rally because like you said weve had 27 consecutive days of this type of crazy volatility here. Theres so many different factors that are moving the market but not simultaneously; right . Yesterday we came in the morning and the markets had a hang over from europe threequarters through the day, oil pushed this market higher. And its moving higher again today. So i dont know what that catalyst is going to be on tuesday after this long weekend, but i do know were going to continue to see this volatility. Thats just telling me how fragile these markets are, how quick investors are to get in and out and how overall the wall street and main street doesnt know what the overall direction this market is going to be in a short period of time. Liz i am so glad youre saying this, john, which brings me to jeff how is it possible that the entire market goes on a single oil minister which few people know the unite United Arab Emirates says were considering cutting i dont want you and suddenly the dow spikes up 290 points. You get to the story, though. Why the long tail on that single headline yesterday . Well, again, remember this market has been beaten down unmercifully for the last couple of weeks. , in fact, whats more surprising is we got as low as we did. A little bit of a, say, a blitz a mention lets say like this a little weather comes out here. Suddenly this market can go much higher. Again, it has been overdone on the downside and lets face it, theres a limit to how much the market can do in one direction. So now suddenly the sentiment seems to be now they are going to talk about it. So, again, possibly this market could even go a lot higher. I think this market lets put it this way. Im going to go out on a limb here, by the end of this year, youre going to see numbers that they discounted. Maybe the mid40s, maybe even 50s by the end of the year. Its a little early for that. Im not going to dispute that. But, again, market is so susceptible to the upside here. But like you said, a very little comment like that takes the market right be back up here because, again, it was oversold to start with. Liz so true and, look, if you pick up marathon oil or even apache but mro im looking at it right now jumping nearly 7 , apache is on the same track the entire oil patch is looking very good but chris robinson, weve got retail sales number, i hate to ignore data like this because it was a beat. Twotenths of a percent increase for the retail sales for the month. The expectation was onetenth of a percent. What do you read into that . And can we change the picture especially when why not when the atlanta fed came out with a report today saying that gdp is going to gap up considerably from what we thought it was. Well, i think a lot of people out there hope that theyre right. I think that the volatility weve seen, though, since the beginning of the year, its hard to really get excited about one little item. Youve got to realize were heading into a long weekend. We had a pretty severe test yesterday of the 1,800 level and the s p. A lot of poom thought that if that didnt hold, we would fall. And then you had a Short Covering rally. If you look at the charts, weve had 1,000 point swing in the dow twice so far this year between 15. 5 and 16. 4. Thats a huge volatility. Also take a look at the yield curve. Weve moved so sharply so fast yesterday if you look at the bond futures chart. Yesterday it looked like a blow off top just finally like a gmo, get me out order, i need to have safety, the fear trade came in. And i would say that. I would watch that bond, and i would also say the similarities between gold and the bond. Gold is up in the first six weeks of trading. At the end of the day this market is trying to figure out is this a time when we buy dips or are we switching over to where were going to be selling rallies . Liz a new high for the dow while weve been speaking and that would be 309, up 309, chris makes an excellent point. I do want to say, yeah, when the atlanta fed says its going to gap up for gdp, we thought what . Seven tenths of a percent for the g4. Now atlanta fed says that will go to 2. 7 but, again, on a day like this, do you sell the names that have seen a little bit of profit here because you know from day to day this is changing like chris articulated. On a shortterm basis, yes. Heading into a threeday weekend adds fear into this market, a lot can happen over the weekend like weve said before. Three days off, a headline out of china on sunday will really have an impact on the markets on tuesday and then wednesday weve got comments coming out of the fed. So, you know, were were by two Different Things that are going to happen here and tuesday is going to be a real unique day. Liz great to see all of you. Every day is a unique day here on fox business; right . Guys. Thank you you have a great weekend. Liz great to see all of you. Have a great, long weekend. At any minute Hillary Clinton is expected to start speaking at a how long hall in denmark, South Carolina. Just hours after shots were exchanged between her verbal shots, between her and Bernie Sanders last night at the president ial debate in wisconsin. Sparred everything from immigration to Foreign Policy and whos more complementary president of barack obama. But did either sway the people of South Carolina . Adam shapiro was watching it. One of the biggest blows i thought was over sanders plan which she has talked about and gotten a lot of attraction for over Free College Tuition. Thats right. People have analyzed and says he has a 3 trillion hole in his plan but taxing the rich fails to cover new cost of programs proposed by Bernie Sanders. Now, one of those programs is offering Free College Tuition to cover student expenses. Clinton proposes free tuition and her plan would cost by some estimates 350 billion over ten years. Critics say clinton fails to specify exactly how she would pay for her tuition plan. But clinton through that criticism at sanders. After the American People bailed wall street out, yes, they should pay a wall street speculation tax so that we can make public colleges and universities tuition free. We bail them out, now it is their time to help the middle class. Senator sanders plan really rests on making sure that governors like scott walker contribute 23 billion on the first day to make college free. Im a little skeptical. When the debate turned to Foreign Policy, sanders attacked clinton for listening for former secretary of state henry calling him one of the most destructive secretaries of state in modern history. Clinton says she listens to many people. Liz. Liz well see, and its so fascinating to watch on the democratic side to the republican side, were going to hash that out in just a few minutes. Adam, thank you. Be sure to tune in for a special stossel tonight at 8 00 p. M. Eastern. John asks the question. Is america really on the road to socialism . And what is socialism anyway . Is there a new version of it . Watch stossel its on every friday on the fox Business Network. Closing bell about 49 minutes away. Take a look at what we call the dow auto heat map. It looks so green today. The tack guy would be thrilled if every single name is gregg green. The leader here is jp morgan chase, boy, do we have a story of why thats the case. But up next can you really call it a ceasefire . Aid is headed to that area but to what . To whom . Look at these pictures. Syrian towns devastated by the fiveyearold civil war. Is there anything left to aid or bomb . Is syria really on the verge of peace after that . Major general bob scales says theres one winner in the deal that has apparently been struck and heres a hint. Its not us or any middle eastern country. He joins us next on countdown you both have a perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Liz well, hello, bulls. The bulls woke up today and still alive and kicking. Someone gave them a five hour energy drink and still going, the dow jones up 201 points, the big moves on the market. The only sector thats down . S p utility sector. Some of the biggest laggers, will you tell us put them on your screen here American Electric power, aep american solutions, these are names that are down but not that poorly. 1 and change for some of the utility names. Well, overall its a very strong rally today but could part of this rally be attributed to what happens in germany overnight . Thats where major world powers gathered to tackle the bloodshed in syria. Secretary of state john kerry meeting with other foreign leaders in munich, germany to agree to quote this is important. Listen. A quote cessation of hostilities. Oddly meaning not exactly a ceasefire but that aid will be delivered to the American People and a tax on those aid convoys will be avoided. Thats supposed to take effect not today, not this weekend, but next week. Heres what the convoys will find. Scorched earth. Literally take a look at these eerie drone pictures of the syrian city of homes. Completely devastated by air strikes. We were talking about this early in our meeting and somebody says like berlin, post war berlin you would see people scurring around. You see nothing in those pictures. Its hard to believe that this region will be inhabitable in the future. And just this week the un report that 11. 5 of the entire syrian population has been killed or injured since the conflict began. Will this not a Ceasefire Ceasefire cap that number . Retired u. S. Army general on why this y his answer is no. Why not, general . Well, the big winner here is, liz, russia. Russia after a oneyear military campaign, very low cost for them in terms of money and casualties wins everything. First of all, assad remains in power maybe for a generation. The ground gains that russia has made over the last year are now consolidated, and they get to keep them. Yes, theres going to be aid going in but who controls the roads . Assad does. The syrian resistance wasnt even consulted in this agreement. And theyre the big losers. And the United States is able perhaps to claim a moral victory here. But the military conditions on the ground are what dictate the political conditions of this agreement and on all counts, liz, russia is the winner. Liz russia is the winner. And in a way assad because this i believe does not remove assad from any position. Absolutely right. And assad not only gets to keep the part of syria that hes just conquered thanks to russian air power, but he gets to consolidate and, oh, by the way. Guess who his new Strategic Partner is . Russia. Russia puts 400 missiles permanently stationed in the mediterranean that can reach into the seaport, battalion on the ground, 400 aircrafts conducting 500 air strikes a day. No to use the word perhaps but the genius of Vladimir Putin is showing through. This is a cheap, quick victory for him that gives him a permanent presence liz well, what does it give us, Major General . What does it give us in the United States . Certainly weve gotten something from this or im getting up and walking out because thats depressing. Nothing. Nothing. I think what it may give the administration is a bit of a legacy boost. The president promised hed end two wars. The last is he would want three wars an incursion in syria or libya, so theres some glory to keep us out of the middle east and keep us out of entanglements but in terms of the military advantage on the ground, advantage putin. Liz and speaking of the russians, it was russian weapons dealers that we had seen back in october being busted for trying to sell Nuclear Weaponry capability to isis. They were busted thankfully. I said pull up this video because thank goodness for romanian officials who were able to get in there and stop these guys. But the word was that these nuclear smugglers were trying to ship Radioactive Material to isis because quote they will bomb america. Now apparently on 60 minutes this weekend the cia director is saying you know what . Isis already has chemical weapons, and they may try to hit us with them or even Nuclear Weapons. Well, heres the thing, liz, the chemical weapons are not a threat because this is mostly chlorine and mustard gas, very difficult to transport or sneak in the United States but you hit the nail on the head. The great threat is the Nuclear Weapon under the control of isis. Al baghdady said time and time again to Strike Nuclear in the west actively shopping for material and god forbid should that happen, its a lot easier to sneak a nuque into the United States than it is chemical weapons, liz. Liz well, the israelis have proven to be pretty darn smart when it comes to that kind of stuff. Theres breaking news i want to ask you about and it has just moved. Apparently proved the sale of pakistan about eight fighter jets, again, this is a very big story that may perhaps enrage india, im not sure what do you think about that. Well, i think its a good thing. One of the hidden messages here is that our relationship with pakistan over the last years have improved partly because were backing away from the border areas of pakistan, the number of drone strikes have decreased enormously. Pakistan is fearful of the fact that were going to pull out of afghanistan. So and, oh, by the way, india is so dominant in the air that six more in f16s arent going to change the equation. So this is an act of goodwill. Perhaps profits for Lockheed Martin but at the end of the day its a good deal and good sale and maybe we should be selling more arms to pakistan, not less. Liz thank you very much, general. You too. Liz have a Great Holiday weekend. You too. Liz closing bell holding onto significant gains here just shy of 300 points to the upside of the Dow Jones Industrial. One reason oil is rising today . Well, the rig count numbers came up. Well tell you what they showed and, by the way, its the eighth straight week that it has shown this trend. Jeff flock is live at the cme with whats pushing oil higher today, and it may be the hottest ticket on broadway in years but did hamilton just get a particular in the pants by taylor swift in the grammys . The controversy swirling over the man of new york citys biggest hit musics biggest night in los angeles. Thats next in countdown the microsoft cloud allows us to access information from anywhere. The microsoft cloud allows us to scale up. Microsoft cloud changes our world dramatically. It wasnt too long ago it would take two weeks to sequence and analyze a genome. Now, we can do a hundred per day. With the microsoft cloud we dont have to build server rooms. We have instant scale. The microsoft cloud is helping us to rebuild and reinterpret our business. This cloud helps transform business. This is the microsoft cloud. Liz founding father Alexander Hamilton may be the face of the 10 bill and the subject of that hit musical on broadway but still not enough to beat pops biggest princess. Sang last week that his cast of the huge broadway hit hamilton was going to open the grammys ceremony monday night. Hamilton is the first Broadway Musical ever to beat out of drake and straight out of compton soundtrack but the slight problem was that this one, taylor swift gets the nod from the grammy producers who were quite onboard with starting the show with that Broadway Musical. Well, outrage followed in the Broadway Community but then this. A republican for hamilton says things were quote misconstrued. The show will perform on the grammys but wont open the grammys and there are no hard feelings. Who would you pick . What do you think . Taylor swift or hamilton . Tweet me lizclaman, you can find a message on our Facebook Page and find all the videos and links on lizclaman. Com. Still in the 20 Andrew Jackson territory, not to be bought with a single 10 but crude 29. 44 per barrel the gain 12 after a significant run up in price driving all of the markets higher but take a look at gasoline prices even as oil jumps, gasolines falling. After news out of the uae, the united arab of emirates that opec may cut Oil Production and if you believe that, jeff flock well, youre standing in the pits of the cme where the rig count caught traders eyes today. We should talk about that. I remember when oil was more benjamins. Not anymore. Although today we got a boost. Youre actually right. It was the uae. And dont discount that uae report because that represents a real shift in that ministers viewpoint. A month ago he was saying opec will never do this now hes saying maybe. So whatever. The markets looking for an excuse and that rig count was another one. Says 28 fewer rigs this week than last week. Thats a pretty big drop, and its a trend. Down now to if ive got my numbers right 439 rigs drilling, 1,000 this time last year. A lot of people say, hey, listen dont look at the rig count because theres already oil wells that are drilled and they continue to produce. So this is just wells down the road. So maybe its not as big of factor but this market, liz was looking for a reason to go higher. Maybe beaten down enough. Finally. Liz i dont know. People should not be burned by this. They should not look at this and say, oh, time to jump in because weve seen low prices that have sucked people in if you want to anybody he will; right . Jeff . If you want to nightclub around the edges, thats fine. Thats what the smart money says. You buy on the down but a little bit. Buy a third on the down and then wait and then wait and see. You know . Dont get greedy. Liz well, thats good for everything in life. Dont get greedy. Jeff, great to see you. Thank you very much. Jeff flock, closing bell ringing in exactly 29 minutes. Heres a lack at the nasdaq leaders, nasdaq having a spectacular day. Wynn resorts, Sears Holding really . It has had a nice climb in the year and a half back. Thats why you have to be on the long term. And cheap rock climbing. Groupons offerings may not be the thrill of a stock over the past couple years. Its on fire today. Look at this. Up 30 . Still under 3 a share, though, but its close to higher than expected profits with strong sales in north america along with restructuring gains. Up next politics and porn. Not usually supposed to mix but senator ted cruz just found out that the hard way. Our Political Panel on the ad around the world and how South Carolinas evangelicals are reacting. Not just for that controversy but to how the team handled it. Countdown coming right back i appreciate you coming by. Absolutely. The markets been pretty volatile lately. There is a lot at stake here, you know . Look jim, weve been planning for this for a long time. And well keep evolving things. So dont worry. Knowing whats on your mind and acting accordingly. Multiplied by 13,000 financial advisors. Its a big deal. And its how edward jones makes sense of investing. Im lori on the floor of the New York Stock Exchange with the business brief. You never know there would be a threeday weekend coming up. Traders should sure had it this week as you can see the dow up 289, the s p up 33, the nasdaq up 66 points. Well, its not enough for gains on the week. In fact, were looking at significant declines on the week. The dow and s p off, give or take, about 4. 5 . Again, for this week. Oil has been the story today. Oil seeing its largest gain in seven years after settling at a nearly 13year low yesterday. So this comes after the uae emirates said members of opec were possibly considering production cuts. Financial sector this year, well, thats the best performer in the session today. Investors looking for bargains from this beaten down sector you can see the big moves in name like jp morgan, national and more. Much more of the closing bell after this so what else is new . Hows your mother . Umm. Shes doing good. She needs more care though. She wants to stay in her house. I dont know even where to start with that. First, lets take a look at your Financial Plan and see what we can do. Ok, so weve got. Well listen. Well talk. Well plan. Baird. Wenit gave me a leafput in the names almost right away. First. Within a few days, i went from knowing almost nothing to holy crow, im related to george washington. I didnt know that using ancestry would be so easy. Liz closing bell 23 minutes away and as you see were holding onto these gains high of the session up about 309 for the dow, up 273 so a teeny bit of profit taking here but that nasdaq holding strong, look at the s p up one and threequarters percent. One name gaining this season is wynn resorts. Up nearly 15 right now after beating earnings estimates. We should mention that revenue did fall but investors were very encouraged and this always happens with gaming stocks. You use the word mccow, thats, like i dont know. What did we call it . Kitty what . Catnip. Its like catnip to investors. When you say mccow looks good, people jump in. Growth in mccow is improving in 2016 and end quote looks so the stock the stock jumping. From the up country to the low country, all but one of the republican president ial candidates is touring South Carolina today making their pitch to voters in the final 14 days before they head to the polls. Well, whos the one . Donald trump. Not in South Carolina at all today. Hes headed to bush country and will hold a rally in tampa, florida tonight. And along with adam to talk about 24 hours until hell address the voters in the South Carolina president ial debate elites leeds people to believe, adam ill let you start, why is he repeating what he did in iowa . Well, now thats a great question, liz. Right now you have to play the president ial campaign stoor becausstereo because going to be running after these South Carolina, nevada we saw looking at march 1st and a slew of southern states. You have to start campaigning or youll be left behind. So i happen to be in tampa. I expect a pretty good crowd tonight for donald trump. Liz okay. But i think what were looking at right now is a a campaign where theres a different story line every day. Theres a different election line every week, and i think americans by record numbers are tuning in and want to be a part of this conversation. Liz craig, lets talk about what the democrats are doing, in fact, they had to be in wisconsin last night and so theyre now rushing to South Carolina i would imagine. Everybodys attending the Bob Jones University area and thats a big topic of discussion at the moment. But there was an interesting moment when Bernie Sanders and Hillary Clinton were sparring how are you going to pay for all of these promises bernie that youre making to people like Free College Education . I think it was very interesting. Secretary clinton was definitely focused, she was relaxed, she was confident, but she also and, you know, i think organizationally pretty scared and putting him on the spot like she hasnt in the past. So its she also, you know, clearly embraced the president and clearly designed to help her in South Carolina over the next few days. Liz in just denmark, South Carolina, just taken the stage and speaking before a town hall meeting. Theres the live picture it of. So its a little bit fuzzy, so were going to hold off on taking it, but looking at all thats happening here, the big story certainly in what we call the tabloids in new york is this ted cruz story about the ad whereby accident apparently the people that put together his ads hired among other people a soft porn actress. Lets show you the ad and then perhaps not so much that she was hired but how they handled it thats coming up. Lets hear it. With being lied to. Well, i voted for a guy who was a Tea Party Hero in the campaign trail, and then he went to dc and played pattycake with Chuck Schumer and cut a deal on amnesty. Does that make you angry . Angry . It makes me feel dumb for trusting. Maybe you should vote for more than a pretty face next time. Liz okay. So it was that one lady that said maybe you should vote for a pretty face. She standard in previous life movies called secret of a chamber name, volume ii milf. Its soft porn, shes trying to make an honesty living now. Its more. W they pulled the ad. And ive been hearing a lot of people on the republican saying wait a minute if youre appealing to christians that think you should forgive and reach out to people like that, is that going to backfire or is that the right thing to do . I tell you this is at makers like myself gray hair because as much as we think we vetted ourselves and the kansas around us, suddenly we have to start vetting the people in our commercials. It happens. I dont think this is a big deal. I think raise the right questions. Its all how you handle it. This whole president ial campaign is a test of metal and how you do when the chips are down, i think this is a tough moment for cruz, and im glad the stock market is doing well today. I dont think his did necessarily well but tomorrow is another trading day. Liz yeah, and why not simply say stand by these decisions . Maybe thats why donald trump is resonating, craig because he says, yeah, so what. That is how i feel, that is what ive done in the past and maybe they should have said, yes, we hired her, she was the best foreign job and we did not know her background and maybe that helps us more that shes making a smart living now. I dont think theres any good way out of it. Thats the sort of thing that gives consultants great hair but its not that difficult to vet people who app in an ad. Its an online ad, i think it was funny, i think it was amusing for insiders. I dont think it would have been very effective for voters if it would have been reduced to a 30second or 60second ad. But there was no good way out of it once they made that mistake. Liz well, good for amy lindsey. Everybody knows her name now. Gentlemen, thank you, great to see you. Thank you. Liz any time and adam, great to have both of you. Be sure to keep it right here for all of the election coverage and news in 2016. Fox business Live Saturday february 20th for the South Carolina primary and nevada caucus coverage starts at 6 00 p. M. Eastern. Why do we invest so much in that . Why do we as a Business Network go there . Because it does matter to your pocketbook as does whats happening on your screen. Dow jones industrials up 277 points. Big change from yesterday. And heres a question for you i would like you to think about. Just because the ceo does it, should you . Shares of jp morgan shining today after ceo jamie diamond made a megabet on his companys stock but Charlie Gasparino rushing down right now to tell you why you should think twice about following suit. Im billy, and i quit smoking with chantix. I had a lot of doubts going in. I was a smoker. Hands down, it was, thats who i was. After one week of chantix, i knew i could quit. Along with support, Chantix Varenicline is proven to help people quit smoking. Chantix definitely helped reduce my urge to smoke. 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For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Liz this is a classic warren buffet move. Buy when things get crazy and jp morgan shares were getting crazy. A report leaked yesterday that jp morgan ceo swept in and snapped up more than 26 million of his banks shares, 500,000 shares but Charlie Gasparino here to issue this warning. Beware the buy back. I would just say it wasnt leaked, it might have been initially leaked but they made a filing last night, jp morgan made a filing where it shows that he bought a chunk of stock of 26 million worth, we should point out that he earned 27 million. So he basically took his entire chunk of change that he earned for 2015 and used of money to buy stock. Liz so why beware of the buy back . I would say this. Jamies people he thinks the stock is cheap, he wants to make a statement about bank stocks, about his Company Stock not necessarily all bank stocks. But clearly bled over as you know the bank stocks were up today. Ive seen this act before. I saw it with bear stearns in 2007, im not saying jp morgan is bear stearns. Liz of course not. Talk about bear stearns because just as people were flipping out of their mind. Running around saying liz the ceo. And this is 2007 before the whole thing blew up. He would run around talking about how the stock is cheap. You know, people would say that at lehman brothers. Liz did he buy that stock . I believe he did. But certainly didnt sell it, and i would tell you that beware of the ceo who says your stock is cheap. Now, jp morgan isnt going out of business. Pretty confident saying in a. But jp morgan like all the banks are going to get hit if we get a recession. And, you know, these guys, you know, know that they face some parallelist waters Going Forward if we have a recessio. Liz i think the warning youre trying to give people is that youve got to be careful when the head person is trying maybe. I have no doubt that he believes the stock is company, but theyre trying to reverse negative sentiment also said were buying about 3. 5 million right now of our debt. Thats whattan and deutsche banc we should point out is different than jp morgan. Why are they buying back their debt . They have lower capital ratios, poor capital ratios. A little bit more leverage than jp morgan. So theyre buying back debt as opposed to stock. I dont think they have the currency to buy massive amounts of stock. Liz but look over here, shiny object. Yes. This is the Banking Industry i guess what weve got to point out is that the Banking Industry has to do all sorts of things in the next couple of weeks and months to basically say that were fine. And stock buy backs is one of them i would tell the average investor dont follow the lead. Watch the economy. The economy gets better . Then maybe jamie is right. If it doesnt get better, these bank stocks are not going to do too well. And the other banks, theyre all minimum on whether theyre going to go out and do the same thing. Liz mum. Did you happen to see volume ii milf or the chamber made. You heard about this story. Yeah. Listen, very pretty girl. Do we have a picture of her . Liz just professional. Right there. Shes the one. Okay. Now, heres the thing. This was started by the liberal media who wanted to liz oh, come on. No, listen, the daily beast which i occasionally is all o. But they started it where they said that they were basically basically out the this poor woman for being in a couple of films which bathed Sarah Jessica parker does more soft core porn in sex in the city. Liz thats humor and thats hbo. Bill clinton did hardcore porn. Lets be clear here. Bill clinton lets be clear. Bill clinton did hardcore porn in the oval office and the liberal media supported him and they tried to out this poor lady. Theyre disgusting. I feel bad for her. And, by the way, ted cruz heres the other thing that i would say. Donald trump would stand behind her. Liz ted cruz isnt. So thats horrible. But after after getting out the by the liberal media, which allowed bill clinton. Liz somebody you dont think that his competitors out there on the republican side bill clinton did hardcore porn liz okay. Youve said that three times. Thank you, charlie, when the floor crew starts groaning, Charlie Gasparino thank you very much. Dow jones industrials up about 284 points. We are coming right back. Dont go away liz 5 minutes before the closing bell rings, can we close higher than 300 on the dow . Were there right now. Let me bring in chief market strategist. You have a lot of hats to wear, let me put on your, speak to our viewers hat. People are nervous, should they believe what they are seeing on the screen . If not, when shall we expect a bottom. Right now, differentiate a longer term outlook, versus a shorter term move in the market. And volatility were experiencing now, i think this is a nice play to enter the market, buy defensive names. For a rally investors need to change their mind set, be more tactical, more willing to sell the rallies than they normally might be. Liz that makes people more traderresque . It does. Liz you may see an opposite day tuesday after long holiday. Why do you go . I think staples, i cant speak to individual names but the xlp contains names that i would think about. The things that people need to buy, you know whether they are good or bad. Liz the Procter Gambles of the world. Yes. Liz and the j js you have to get in and use products, who does not use tylenol or bandaids in their house even in a bad economy. Right. Liz you have great hair. Have you not been tearing it out. This is a tough market to deal with. It has been getting grayer. Liz but its not thinning, i tell you that. The credit markets are what keyed me into what i thought would be a platt to difficult flat to difficult 15, why im not that constructive on 2016. Going to 2014, the credit markets were good, we were bullish. I like to look at high yele credit, how wider spreads, as of late, liquidity in the market for high yield bonds not terrific. Liz right here, after market gains of 10 , i need to point out to the viewers were close to session highs right now, Dow Jones Industrial up 3 307, gold reversing today. Are you a gold guy. I try to be, but i dont do it well. Sometimes people buy it because they are afraid, the recent rally in gold is because people were afraid. They bought treasuries and gold, other times they sell it as a source of liquidity. Liz have a lovely holiday weekend. Here we are near second highs session highs up 300 up 304 on a day on day basis, i hand it over to david a and melissa francis. Melissa ted cruz and marco rubio up their attacks on Donald Trumps character. In an ironic twist, cruz had to pull an ad off tv. David thinks are heating up on the democratic side, Hillary Clinton is slamming Bernie Sanders plan to grow federal government by 40 , steve networks is here with his steve forbes here with his take. Melissa bundle up, were live in the Weather Center for updates [closing bell ringing] stocks stages a big rally today. Dow up over 300. As closing bell sounds on wall street, 308, a look at whethe at where were ending, light sweet crude trading up. David 27, now to 30 dow in the green, if you are in stocks you are making money today, a welcome change, where we have seen red, lori rothman on floor of the New York Stock Exchange, i know oil had a lot to do with it still down almost 5 for the week. Reporter interesting you mentioned, that i checked that stat, crude oil