Nasdaq lost 17 and the s p 2. Gold and oil were nearly flat on the day. In earnings after hours symantec reported a 14 jump as it cut costs. However, revenue dropped 7 . The stock inched up slightly after the close. Grub hub profits more than tripled. The Online Delivery Service recently went public. That stock rallied 1 after the bell. And, the federal government had a Budget Surplus in april of 114 billion. According to the congressional budget office. The biggest april gain since the financial meltdown. Whats in store for the stock market on this friday . We turn to trader Mark Sebastian of the swan Wealth Advisers for some answers. Mark lots of trouble in tech land right now. Would you be a buyer of any of these stocks . I probably not. I think the tech sector and small cap got way ahead of itself in the back half of 2013 and early 14 and i still dont like a lot of what im seeing and if you look at the rvx and the vxn which is the vix of the russell and the vix of the nasdaq, they are still sky high and saying steer clear. What about the overall market here . We are having a hard time getting a clue as to what to watch. Weve heard from the fed chair, weve heard from retailers, earnings are winding down. Where are you looking . Well take a look at what happened yesterday we had a bond auction go poorly and the market had a huge turnaround. I think thats going to be the key. Watch how the 10 year and the 30year bonds move, and that should give us a pretty decent clue of what the s ps are going to do for the day as well as keep an eye on the russell 2000. In her day, thats been a great leader of where the s p is going to end up. We will do that. Thank you, mark. Thank you. As the minimum wage debate riles lawmakers. Federal reserve chair janet yellen weighs in. Its likely to have some negative effect on jobs and its a question mark exactly how large that impact is. Yellen told lawmakers in a testimony that the hike would help some individuals. Sylvia allegretto, an economist with university of california berkeley argues higher wages would lead to more people getting off public assistance, and boost gdp. Well we know that those who dont have a lot of money in their pockets. If you give them money they will spend it. So they will disproportionetly spend the increase in their wages, in their local communities, which would be a good thing. Allegretto adds that historically pay hikes have not resulted in job losses. Paul eggers who is filling in for Chuck Coppola today has more on wage rage. Angie, low pay isnt just dividing the u. S. Around the world. Fast food workers are preparing to strike. In over a dozen countries, employees of mcdonalds, burger king, wendys, kfc and others are planning demonstrations on may 15th when they will demand an hourly wage of 15 dollars. Thats as subway ceo fred deluca shifts to supporting a wage hike. He previously told reporters it was a bad idea. In the u. S. Demonstrators tell us, the debate is becoming more localized. Municipalities all across the country are starting to take back their own economies by raising minimum wages. You see it in seattle,you see it in san francisco, you saw it in sea tac that was camille rivera, the executive director of united new york a Group Pushing for higher wages in new york city. The group contends 8 dollars an hour does not reflect the reality of what it costs to live there. Labor groups are critizing president obamas trip to walmart today. The president is in california. White house officials call his stop at walmart in Mountain View a nonpolitical event focused on the retailers energy efficiency. However union reps contend walmart is known for low wages, few benefits, unreliable hours, discrimination against women and damage to the environment. The president of the united food and commercial Workers Union says the visit sends a terrible message to workers across america. Walmart has no comment. Snapchat is settling with the federal trade commission over privacy issues. Messages on snapchats mobile app were supposed to diseappear in a few seconds but the ftc says messages could be saved without the users knowledge. And accuses the company of collecting contacts without permission. Snapchat agreed to a Privacy Program that will be monitored by an outside expert for 20 years. 19,000. Thats how many jobs will be cut during the next 3 years at barclays. The bank based in the uk has been at the center of scandals. The ceo wants to created a leaner firm and retore its reputation in an ongoing overhaul. Last year, barclayls agreed to pay 453 million to reguators in the u. S. And the u. K. After admitting employees consipried to manipulate the libor rate to make money for its traders. In todays cover story, nearly n 7 years on from the start of n the financial crisis, banking regulators and legislators are still determining the n n bestn measures to prevent a n repeat. n the uncertainty has given rise to a new expression in n then n financial system. The words can be seen and heard just about everywhere new normal new normal but a universal meaning for the ubiquitious expression is hard to come by, especially when it comes to banking regulation. A Federal Reserve conference in chicago brought together Key Stakeholders to set forth a clear future for financial oversight. The regulatory system should aim to offset the perception of too big too fail status. Which carries with it the possibilities of funding advantages in normal times and protection of creditors and even shareholders in highly stressed times. That means creating and implementing new rules to flip the script on the biggest problem in the old regulatory structure. The gains were privatized, the institutions kept the profits and socialized the losses, sharing them with the taxpayer. Thenew normal Regulatory Framework post crisis comes from passage in 2010 of the dodd frank wall street reform and Consumer Protection act and the jury is still out on its success. The legislation bears the name of former congressman barney frank, but hes not optimistic that any positive changes to banking regulation will come from congress. And theres nothing new or normal for his reason why. The atmosphere in washington is so toxic right now that nothing can be improved because nobody trusts each other. Frank added that his biggest regret fropm the bill that bears his name is the failure to nunify the commodities futures n ntrading commission with the nsecurities exchange commissio. He believes theres no good n nreason why the two regulatos n narent working together as n institution. Onn n freddie mac and fannie mae are on firmer footing since the financial crisis. Combined fannie and freddie generated a blockbuster fs First Quarter of 9. 3 billion in net income. The mortgage related firms will pay back 10 billion to the u. S. Treasury in june. Bringing the total to 213 billion topping the taxpayer bailout of 188 billion. A cash craze is happening in the housing market. Realty track reports a record of home sales were in cash in the First Quarter. All cash deals work in favor of buyers who get around strict lending rules. Mortgage rates hit a new low 2014. The 30year fixed dropped to 4. 21 , the 15 year is down to 3. 32. The next move by russian president vladimir puting is becoming a guessing game. But a researcher at mit believes. Sanctions are taking a larger toll on the russian economy. Its clear that certain businesses have pulled back and russian debt has been downgraded to just above junk bond status, and people are really sort of waiting to see what the next round of sanctions will be, depending on what happens with ukraine itself. On ugugugwednesday, putin urged pr rebels in east ukraine to postponeugug a vote this weed onuououo autonomy. Rebels saye vote is stillugug a go. Thursda, putinpgpgpg reportedly oversaw militaryugug exercises involving russiasxgugug nuclear forces. D even though he ordered Russian Troops to pull back from the ukraine border, u. S. Officials says it hasnt happened. Mcdonalds is attempting toll spice up sales in the u. Sy andy abroad it may addl seasonedyl fries to the menu. Usa today says the chain will test the fries in Northern California and st. Louis. The shakin flavor fries include garlic parmesan and spicy buffalo. Mcdonalds april sales were unchanged at 1. 2 which was better than analysts predicted. Warmer temperatures and a late easter improved sales for retailers. According to Thomas Reuters retailers overall posted same store sales in april that increased 4. 6 , which is considered a modest gain. Its also the second consecutive month that sales have topped expectations. The ipo calendar gets a reboot its public debut today. The Energy Company was expected to price between 19 and 21. The Ticker Symbol is pbfx. On thursday cheetah mobile closed just over 14, its opening price. Next week beauty Product Company jumay international holdings, plans to price between 19. 50 to 21. 50. Ticker symbol is jmei and cancer care company 21st Century Oncology holdings could price between 14 to 16 Ticker Symbol is icc. In earnings watch. Single serve kcups are selling well for keurig green mountain. Net income rose a robust 22 . And, the forecast for surpassed estimates. Wendys improved profits by sprucing up restaurants and offering more premium fast food. Even though revenue declined 13 it was still better than what wall street expected. Amazon is adding 15 more u. S. Cities to its sunday delivery list. The etailer already offers sevenday delivery in new york and los angeles. Now it will include indianapolis, new orleans, and philadelphia, among others, with more to come later this year. Shipping charges00 will remain the same s weekdays. 0000 they say its the thought that counts. And its especially true this mothers day. Retail me not says the majority of moms expect a gift on moms day, but mainly want just like a little recognition for all they do. They first and foremost want to spend time with their families, but also, they would like a Gift Certificate to a spa, a000 nice meal out, a gift card to00 their favorite store. O these000 things are very easy to find. The average american spends about 68 dollars on good ol mom. Commuters are trading in 4 wheels for 2. Biking to work has exploded. Jumping 60 in the last decade. The Census Bureau says workers are taking advantage of an increase in bike lanes and bike share programs. Portland has the biggest population of bikers, followed by minneapolis. Still to come hot tech stocks have cooled off. Is it time for investors to chill or warm up to momentum plays. Plus. Does alibabas success hinge on chinas economy. And after this break. Bill moller smells something fishy in the retail industry. Dont miss this. The power of scents. And i mean this kind of scent. What our nose detects has a profound effect on us, and businesses are catching on. Scent is now being introduced into the air in retail stores, airports, apartment buildings even banks. The industry even has its own trade group now. Jennifer dublino is Vice President of development for scent world. How does scent, jennifer, actually influence our feelings and actions . Well scent actually is the only one of our human senses that goes directly into the limbic system of the brain. The limbic system is where the seed of our emotions and our memories. So for marketing thats extremely important because when you have a brand or product or store, you want to make sure that people remember who you are and that they are emotionally connected with you. Theirey are doing it with eyes, their ears and now with their nose. Its interesting. How big of a global scent Marketing Industry is this, and how fast is it growing . Right now the industry is about 200 Million Worldwide and its been growing about 10 per year, but now were actually seeing an increase in the growth as more and more brands are catching on to how this can help them improve their sales and enhance their customer experience. You talk about brands so within scent marketing, there is scent branding sort of a companys scent logo and then just sort of ambient scent which is something to enhance the shopping experience. Thats right an old factory logo is similar to a visual logo in that it is specifically tied to that brand. So for example if you walk into and abercrombie and fitch theres a certain smell and if you smell that scent somewhere else, it is immediately identifiable with that brand. On the other side you have a more general ambient scensing which may be tying in with the actual products that are being sold. For example if you have a bathing suit store, you might have the scent of coconuts and pina coladas. To get people in the mood for that. Bloomingdales has a baby powder department. Ir baby getsat kind of thing itse in the mood and pleasant kind of smell so they want to stay there longer and they end up buying more and really enjoying their shopping experience. And jennifer i know you have scent world, your trade show event coming up in a few weeks in new york. Thanks so much thank you. Coming up. A trader who smells money in twitter and tesla. And after the break. Should you traderbabas ipo . One findthe answer is simple. Out next. Angie friday just became even better the guys are here for traders unplugged. Joining us from the floor of cme group, Alan Knuckman and shellady ready to throw down their trader thoughts. Heres round no. 1 blue chips and politics. Only one stock in the dow has not contributed to the Clinton Family in some way including projects that help haitian earthquake victims. Which blue chip do you like . Alan a little spin of politics, i like all the blue chips as you are probably going to know, but only 12 of them right now are negative on the year so i think theres a lot of opportunity. I especially like Goldman Sachs here in these levels. Obviously theyre in the financial business so i think theres money to be made, but i do want to state that politics is money. Money is politics. Scott talking about politics, in a failed effort not to release my persuasion, im going to go with the only one that did not give money to the clintons, unh, it looks like its in an uptrend. Alan trade with your head not your heart scott it looks like its in that trend to channel right now. If it goes below 73 i dont like it, but right now its still in a technical upswing and id stick with that one. Unh, the only one not to give any money to the clintons. Im on board. Inie round no. 2 nations onbers. China is said to be u. S. Ay to surpassing the as the number one economy. Where does that leave india and what is the best money move for investors . Scott im going to say between the three the u. S. India and china, two of them have something in common that we dont. Alan lots of people there you go. Scott . And as long as youve andover a billion people theyatural resources that have and have had for a very long time and still cant get it together, im sticking with america. Alan large numbers theory. Yes, i like china. Obviously the emerging markets have had a rebound here that weve seen 15 percent since february ,but if you look at india in particular, it looks like we could see another 35 percent move in that index. Its money my friend scott but you want to stick with theyve got the Natural Resources and the people and they havent been able to get it together. Alan i know youre patriotic but if you follow the top indian stocks, i think they have a lot of upside potential. Scott ok angie and round no. 3 open sesame. Should investors buy the alibaba ipo on its opening day . Alan no. I dont buy it. Why would to chase something . If it opens up higher. Ittt im going to simplify for everybody out there this is a great stock. 40n alibaba and the thieves scott i dont want to buy it either, but is whats going to be great about it, its going to be a way that the u. S. Or the average american investor can play china. Its a proxy for china even though it may not have a lot to do with how their economy is doing at the moment, it is going to be a proxy for china so if things are going well in china its going to go up. If things go bad its going to go down. Its that simple. Alan its an ecommerce vehicle thats going to expand things for everybody including amazon, including ebay which is leaning on that 50 dollars which i talked about all year long. From risk reward, i love ebay here because thats going to help e commerce, pay pal, people are going to be buying stuff. Angie heres your bonus round question for today mothers day Ticker Symbols. Which one is phony . Is it mom mom, love ove, care care,or rose r se . Alan theyre all real. Scott im going to say none of them are real. Alan two opposing opinions angie the answer is love. We made it up, but we love our first biz moms. Scott because its luv alan thats why i thought it was none of them. Tricky. Happy mothers day. Thee thanks for being on show. Happy mothers day First Business continues right after this. Who better to have on the show today than trader tim biggam . Tim, you have been on the right side of the trade as far as those big momentum tech stocks like tesla and twitter. So whats your game plan from here . Yeah absolutely, angie and looking at actually taking the other side here, you know, kind of avoiding them on the valuation certainly on a Price Movement basis earlier. Down around here given the fact twitter is more than cut in half, tesla has come down about 40 . Kind of liking the names here. They look washed out on the charts so im nibbling. Buy certainly on twitter anywhere around that 30 level and on tesla down around 180 so positioning by selling puts to buy there and actually going out and buying a few shares outright. Tim, were you surprised then how far these stocks fell or did you really anticipate that . I really anticipated timing is the question how high will they go before valuation gets out of control and thats the one caveat you really dont know. So the one thing if you look back in the history of the nasdaq and other manias is eventually they do come back to earth but being too early is the same as being wrong so position sizing is always important on these kind of high momentum, high volatility names. Any other names on your list of possible buys . Yeah looking at some of the names in the utilities sector, again, given the fact that the tenure has packed on around 2. 6 i think comparatively theyre starting to look good theyre gaining a little traction here so looking at the exelons of the world kind of the lowbeta names as well kind of a barbell approach high mo mo with the real low momentum, real deep value names. Tim i always count on you for having such a cool head. Thanks for being on the show today. You bet thank you, angie. That brings our week to end. Coming up monday. Tips on how take the worry out of paying for college. We hope you will b male announcer the following is a paid presentation for 10 minute trainer, brought to you by beachbody. As a new mom, it was hard for me to find time to work out. I have my career as a Police Officer and, also, as an army officer. With the restaurant, i wear a lot of hats. Hey, i know youre busy. This is probably the busiest ive ever been in my life. Im very busy. Im extremely busy. Okay, youre extremely busy. Im out the door at 7 00. I eat lunch at my desk. Im manager, waitress, and then, on top of it, i have an 8monthold. Okay. Timeout. Maybe you are too busy for those hourlong workouts, but i know you can find 10 minutes. Hey, those busy people you just