Welcome, as tyler set, stocks bouncing back from the work week in two years, the dow up, the action in the bond market yields on the benchmark tenyear coming back to fouryear highs, justened 3 . Perhaps thats spooking investors in consumerrelated stocks, some retailers are sees losses, it is, though, a full steam ahead. That stock is higher after raising the different. No whopper here. Burger kings parent bead the street courtney, welcome. The do you soaring, the s p 500 back above its average. Bob, what is going on here today . Actually its time for the point moves, look at the sectors here, the old growth sectors we used to talk about, reits are down, thats not surprising, but lets look at the markets. Breadth is good. 5 to 20 advancing to declining stocks, the volume, believe it or not, just average weve had enormous volume in the week and a half, volatility has been dropping today, a bits unusual. With the peak gains today, the three major averages have recovered nearly half of their losses, thanks to my old producer for that. 2800, down as much in the dow and we have regained about half of them, almost 1300 of this this is moving so fast this morning and over the weekend, the big debate was do we have a tradeable bottom or not. A lot of people were arguing, positives, well, we have average issue is down 14 , thats a lot of the indices are way oversold. Tradeable bottom a lot of the negatives, guys says its only six days old, and its a technical correction. Thats not a good sign they said, well a fundamental correction would have been better, so a the lot of debate, but now its moved so fast the debate is have we gone too far too fast theres a lot of weak longs out there. And a lot of people are saying its gone so fast we need a retest of the lows some people blaming the rise of the machines, so how worried, if at you will and more importantly, have we hit the bottom and David Laughery is chief market strategist, he manages close to a trillion. It seems to me weights gets infatuated with creating products product was invert levered etfs, do we need these kinds the product . Do they serve any real purpose the real yesterday is that for certain traders leveraged, and more volume it will etfs could be use for longterm investors, i think you have tore skeptical. What i think we saw last week was more of a deleverages event in terms of the managed strategies all the strategies have to derisk. I would point out there was a lot of demand for investors after the financial crisis if they products serve a purpose one of the you have this small esoteric, dimly misunderstood thats the tip of the tale walking the dog. That frightens people. I think we do have to monitor how the we also have to monitor how the i goat back from a week the monitoring. We account get into a whole debate i do think that i think thats a good balance. David, it seems like so many investors are latching on to what they were talking about, and this being a technical move, which does incite some nervouses in, if youre trying to understand why it happened i think it needs to change investors expectations. Whats ha happened in the last two weeks for me hasnt changed the fundamental nature of the market, the commit is grows. Earnings are improving and thats usually a euphemism we dont have a it should moved up on stronger economy, but what i think has changed is their expectation. Living life much closer to the edge, and the potential for Central Banks to less benign, i do think our volatility has changed. I think its been a bucket of washington in the. Should be buying now after a 7 move from the highs i always look at the data, and we found that it was your and were in the middle of earnings, so its hard to say, but lets assume earnings dont change, you would have needed a 2. 5 drop to get back to that that tells you theres one more bad day left. So are we mildly expensive . I think were fairly valued right now. Where do we find value i think one of the more interesting sectors is actually the comes cheap the stocks have gotten im cheaper, finishing are readily the area you want to be invested in there are a lot of expectation, and also a lot of expectation. Ylan moilan mui has more cuts to mandatory changes that medicare, well fair perhaps. The white house is looking to roll back the once it expires, its proposing reducing, by 2 ayear across the board its not a binding document. Its more of a vision statement and one thing the 3. 29 , that eases down to 3 in 2021, and 2. 1 by the end of the decade eventually the white house says it will hit 7 , but combining big cuts with big growth, is it still enough s. Well, President Trump also speaking about his ambulance Kayla Tausche has the details. The white house released a 55page legislative blueprint followed by the meeting with state and local officials, talking about their role in this plan President Trump said state involvement will be crucial. What was very important to me was the military and tax cuts and egulation. This is of great important, because the states will have to do it themselves i would like to help the states out. Just 14 of the total package, but about 100 billion for states, cities and towns that find their own creative ways to and while republicans have praised the legislative outline, democrats are already resisten Chuck Schumer releasing a statement saying the president s infrastructure proposal would put unsustainable and lead to trump tolls all over the country. The administration has said theyll need buyin from at least 1 congressional committees, six in the house, five in the senate and seven agencies will be involved. Now the president will be meeting with buy part of those committees here at the white house on went. Guys, back to you. Kayla, thank you very much. The question everybody wants to know is was last weeks selloff just a correction, or is it the start of a bigger market slide . Or tweet your questions at power lunch. You have questions we have answers. Stay with us today, a focus on innovation in the Southern Tier is helping build the new new york. Starting with advanced manufacturing that brings big ideas to life. And cuttingedge Transportation Development to connect those ideas to the world. Along with urban redevelopment projects worthy of the worlds top talent. All across new york state, were building the new new york. To grow your business with us in new york state visit esd. Ny. Gov. Your investments are bouncing back in a big way today, the dow up 425 points with todays move only about 7 from the recent highs. While nobody knows exactly whats going to happen from here, perhaps history can be a guide as to exactly whats been going on joins us is jeff hirsch, a lot of explanations, jeff for what may have happened. If its not that, we do have history. We dont have that history, but we do have, a, big januarys typically lead to bad februarys, and the market loves to test new fed chairs. They sure do. Were looking at a technical emotional move here. Just after the election we were in the nice line for a while, blew way above it. The sentiment has been super high, and now we bounced off, so now its a technical emotional move for me i think we have seen the bottom here. You think so. At least for now. We did break the december closing low, thats another indicator, but it was during years bus history says when we have a big january, we even have a bad february, but the whole year end up turning out good. Thats right. The average gain is around 20 . Are you in that bullish camp i have been my forecast from december was, you know, 50 , maybe 8 to 15 gain, like way up, dow 29,000 i mentioned a while ago from the bull market low in february 2016 im still in that bullish camp this is a technical shake outfor us february is a weak liven i think we could get back up towards the upper end by march, april. And then we wont very typical Midterm Election year. Might be bullish for the long term, but what happens when you have seen volatility swings like this in the past what happens instead immediate following months. Up the type i like to look at is daily swings, not the implied volatility of said vix, when we see big daily moves, it does take a white for the market tags back up to where it was. After 30 days, 60 days, it starts to go sideways, and then you start to see higher frequency of gains. It seems like you feel like the worst of this volatility trade is behind us, but there are those who argue theres a fair amount more to do. I think theres a fair amount more to go, unwinding. We know there is theres a day of february 15th where they will settle up some things. Thats thursday. A few days out, but were talking intraday swings is long term the week, or is it 20 years when you really want to look at things that work over the long haul the market now knows whats happening and its bouncing around wednesday intraday high, theres a little w through there, if we can get through that and hold it, i think well be in better shape, but we have some work to do here iflts what about International Markets, global patterns what are you have sees there volatility that seemingly starts here. What i have seen is most of it tracks the u. S. Market were all traveling along the same pattern. Theres opportunities in other parts of the world. Concern about history is that question we really have never been here before, in the sense that the etf and, quote, passive investment market is now above 5 trillion dollars. 5 trillion is there any risk to ever being concentrated i sound like a broken drum, youve been talking about this for a while, but 5 trillion is a lot of money. Its not what it was 50 years ago with inflation, but i warned back in my november outlook in october, that the market is very strong, the only thing that could rock is something thats mushrooming from the etf arena 87 with the portfolio insurance, but we have learned something since 87. Things are more orderly and less action carnage orderly now. Than it was in 87. It took us only 13 days for the s p to go into correction. The average time it take for the index to drop 10 is 64 days. It took we did it in 13 days. It took a day in 87. That stat says to me this is a highly technical term aint right. I think we have seen the edge taken off that aint right area. I think well settle down here Going Forward. Thank you, jeff. Thanks for joining us. Coming up, the latest olympic action from carl quintanilla, and weve got some free advice. Get to us ttt aponwiert ower lunch. Stay with us feel that . Thats the beat of global markets, the rhythm of the world. But to us, its the pace of tomorrow. With ingenuity, technologies, and markets expertise we create the possible. And when you do that, you dont chase the pace of tomorrow. You set it. Nasdaq. Rewrite tomorrow. Weve been preparing for this day. Over the years, paul and i have met regularly with our ameriprise advisor. We plan for everything from retirement to college savings. Giving us the ability to add on for an important member of our family. Welcome home mom. With the right financial advisor, life can be brilliant. At holiday inn express, we cant guarantee that youll be able to contain yourself at our breakfast bar. Morning, egg white omelet. Sup lady bacon fruit, there it is but we can guarantee that youll get the best price when you book with us. Holiday inn express. Be the readiest. Thank you so much. Thank you so were a go . Yes we got a yes what does that mean for purchasing . Purchase. Lets do this. Got it. Book the flights hai si si ya ya ya what does that mean for us . We can get stuff. 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Welcome back the manch averages up about 1. 5 or more, as Dow Jones Industrial average soaring more than 400 points s p 500 back above the 100day moving average apple, american secrets and boeing, theyre its down at least by 0. 6 of a transports on the move as well the u. S. Has picked up the first gold medals, both game in snowboarding, carl is following all the olympic action from pyeonchang, south korea south korea. Carl reporter day three of competition here the u. S. Is doing especially well on mountain events, central snowboard slopestyle both men and women winning gold, four for four now, in both so much ir, and reg gerard is just 17yearold from colorado, 55, 115 pounds, the youngest snowboarder ever to wince gold, and the first athlete to be born in the 200s to win a winter olympic medal. Jamie anderson won in the womens. But the weather continues to be a get of a concern icy winds affecting cancelling some events. Alpine skiing was postponed for the second consecutive day we talked to Jamie Anderson about how it forces her to be more creative. Today with the conditions not being ideal, and a lot of wind, i somehow like stayed pretty calm and collected for me, yeah, i wasnt able to put down my most difficult run, but it forced me to be a bit more creative and compromise instead of a double nine, i decided to do a five, and focus more of my rails. Its about 20 degrees or so here, well after midnight local time, but we are expecting the weather to warm up a bit in the coming days, along with more highprofile events with the likes of lindsey vonn, so the week will be exciting. Back to you. Carl quintanilla, thanks. Courtney pointed out she would have gone for the double nine. Cnbc is the place for curling. I love how they yell when theyre i think about that, too, with golf and the ball, youre like go, go, right. Its harder than you think. Were going to try it later. I did the real one four years ago and literally pulled a scooby doo. A gold medal is at stake. By the way, female ski jumper from i met last year in northern wisconsin, made the team her nay is nita englund. You can wand olympic coverage. Meantime, President Trump consistently referring to the failing New York Times. Get what the stock is at a tenyear high. Up next the times ceo is here to talk about the paper, the stock and the president named trump. Its not theirs. Its mine. Mine. Mine. And it always will be, forever and forever. The new rx 350l with three rows for seven passengers. Experience amazing at your lexus dealer. Todays Senior Living communities have never been better, with amazing amenities like movie theaters, exercise rooms and swimming pools, public cafes, bars and bistros even pet care services. And theres never been an easier way to get great advice. A place for mom is a free service that pairs you with a local advisor to help you sort through your options and find a perfect place. A place for mom. You know your family we know Senior Living. Together well make the right choice. Into hello, everybody. We begin with the fact that skosh of state Rex Tillerson is meeting with egypts foreign minister in cairo as part of his weeklong trip to the middle east he also commented on the possibility of a reduction of tensions with north korea. As weve said for some time its up to the North Koreans to decide when theyre ready to engage with us in a sincere, meaningful way they know what has to be on the table for conversations. Flights in and out of londons city airport were canceled after an 1100pound unexploded world war ii era bomb was found nearby in the river thames work to remove the bomb will continue into tuesday. And singer vicdamone has passed away. He passed away in miami beach on sunday he was 89d years old. Youre up to date. Thats the news update this hours. Back to you, courtney. Thank you, sue a quick check on the markets. The Dow Jones Industrial average up almost it was up 456 points were watching some key helps there. 2655, up 1. 4 . The nasdaq is up more than 1. 4 at this point. Energy, financials, materials are the best performing sectors. Real estate in the red New York Times, a market bright spot amid the recent volatility, shares up 8 over the last week. Not many companiescan claim that better than expected Fourth Quarter profits. The stock sits at around tenyear highs digit at subscriptions grew, and that helped offset a decline in print sales. Joining us now is mark thompson, ceo of New York Times. Mr. Thompson, welcome back good as always, to see you. Hi there. Hi, tyler. Im a print subscriber, and have been for a long time. I go out there in my pajamas, and slippers would you rather have me as a print subscriber or as a digital subscrib subscriber or dour care well take you any way you want to come no, look, the our desire is to serve people who want serious news in whatever way works for them weve got a great print platform it may by time limited, there may be a point where the economics of that no longer make sense. Our plan is to go on serving our loyal print subscribers as we can, but meanwhile, to build up the Digital Business so we have a successful news operation long after print is gone. Were trying to optimize both. I think the positive reaction is because the market thinking were doing a good job of building both, in particular of getting that Digital Business to grow steadily. You have certainly proved that people are willing to pay a separate charge for digital news theyre willing to do it i get it thrown in, because im a monthly print subscriber i want to come back to that question do you make more on a print or more money on a digital subscriber, or does it matter . Without a question we make more money on a print subdescriber, but the point about digital is we believe we can grow many, many more than we have already got very substantial more Digital Subscribers t