Change in the stock price is bigger than the stock price itself. Its bringing down the entire Biotech Sector but the real warning sign for this company may not be in the stock move itself. Well explain that coming up in a minute. Well known tech investor it feels like that but its warmer today. Sitting next to me in just a moment, dan niles, hell give us his two favorite stocks right now and one of them is not in the tech space. Hell join us exclusively in a few moments. The face of the election could look very different tomorrow if donald trump can beat both marco rubio and john kasich in their own states. Were going to look at both sides of who can be the candidate for business after the florida and ohio primaries. Well talk to two former governors, Christine Todd whitman and Jennifer Granholm. The money behind steph curry, im a little bit of a fan girl. Youre not alone. I know Boys Basketball team here in new jersey, they could wear a niksz and lebron james but they are wearing steph curry back here back east as well. Hes a true fenom. Trying to drop a lot of threepoint shots. And halfcourt too. Lets start with the market moves. The dow climbing back from 108 point deficit earlier today. Closing bell exchange, we have greg sar yan from high tower at post nine and steve grasso from Stuart Frankel. I knew that. Only been saying it about ten years. And Rick Santelli as well. Steve grasso of Stuart Frankel oil going lower but the usual bias ahead of a fed meeting is up. Were sitting here like we did yesterday. Whats going on . You have to look at it a couple of weeks back. We started with the g20. Then we went to China National congress. Then we went to the ecb. The fed is the last leg of this hurry up and wait market. Thats what youre looking at. Volume is extremely light. People dont know whether they should buy into the market and dont want to have their picture taken. Plenty of guys could not get the liquidity to hedge out their equity positions so they bought the commodities. So oil ran aggressively and the rest of the trading world thought it was an all clear sign. For me i dont think its an all clear sign. I think its a product of trying to grab the liquidity that fillered to the commodity space. I dont think anything substantively has changed but we are leaning more fiscal stimulus than monetary stimulus and market sees that as maybe a lets dabble a little bit. We also have data rick, talk about the data flow as everybodys hopes were brightening and data was coming in better than expected, how about that retail sales report this morning . It wasnt but i dont know if i agree on your premise. The sales data hasnt been really good. Its been kind of average. Some of it has been slightly above. I guess nothing frames it out better than atlanta gdp now 1. 9 versus 2. 2. 1. 9 is interesting, thats darn close to the average. If you look over five years of gdp in the United States and take 20 quarters, a whisker under 2 . Thats it in a nutshell. We could talk all day about slightly lower glide pagts and vul recession. In the end thats what its all about. I agree with grasso, hes completely right as well. People are trying to find anything to grab on to. Literally i dont know the last time g20 gave the perfect strategy direction for a trade. The globe demanding more stimul stimulus, thats wait until next year if youre a chicago baseball fan. Its always out there. In the end, im not sure what the fed is going to do but i wouldnt be surprised for the next three years we have around 2 . Does that mean we stay where were at in terms of all fed policy . I cant answer that but can tell you that retail sales to revisions were nasty. Are you already writing the cubbies off in spring training . Kind of. Vegas is betting for the cubs, that gives me a shuder, i have to say. Contrarian on that. Greg, youre grasping onto the very popular sector, large cap dividend payers right now. Thats where a lot of people are right now, right . Youre right, this is a market of extreme volatility eight or ten years ago we were thinking about financial armageddon and made a 10 rally back. A safe haven or cash rich dividend paying names but we think this peak here will be indicative of what the market will be like. Look at the peaks and valleys. Rebalance portfolios and make sure they are properly allocated. We could be back in the valley in a matter of weeks. Greg, what are places specifically you think investors should look for the yield if markets are going to be turbulent . This may sound really boring but were big advocates of laddered Municipal Bond portfolio, 2 tax free. I think investors have to assess tolerance for risk right now. Some of the utilities are good and manufacturing names. Those are areas that are safe havens if we see that type of choppyness and volatility, markets nervous around what the fed is going to do. The fed has ammunition to begin raising rates and many have argued they should have already done so. Investors need to position themselves in defensive conservative post tours to be in a more protected environment. Are you saying youre not going youre going to sit on your hands until 2 00 tomorrow when we hear from the fed and get the last . I think its very difficult to buy this market at this level in the s p right now and feel very confident about it. Youre walking into a wall of resistance. Ive said on the fast money show that i think 2040 is a level where you say i was wrong as a bear. I need to dabble and buy and buy a little bit. But it must hold that 2040 level or we drip back down and maybe its more than just a drip. Were moving right into a wall. You have a bunch of weak moving averages. Then we have flat on year thats just a hiccup away from the spot. At least a dangerous spot to go back in after youve been sitting on your hands. Wait until it proves itself. Thank you all for joining us today, including steve grasso of Stewart Frankel here at post nine. Kelly in. Shares of cbs is lower, looking at three to four original shows per year. You can see the shares down a little, about 2 . This media stock is one of famed tech investor dan niles best ideas right now. Hes Founding Partner of alpha one Capital Partners and joins me now with why he likes cbs among others. Its great to see you. Good to see you too. When you look at cbs, its sort of epitome of Old School Advertising media company. Whats really interesting about it this year you have something happening that happens once every four years. You have the olympics and youve also got a president ial election that will probably be the most costly in the history of whatever weve seen. And both of those things start to hit, olympics in the Third Quarter and president ial elections in the Fourth Quarter and that should really benefit the Advertising Companies like cbs. If you like advertising the cycle, do you also like it in terms of people spending on facebook and social media platforms or think that cbs will do better than some of them . Facebook is our favorite by far. If you look at the Advertising Market and split it, you goo, the Advertising Market globally about 500 billion in size, grows about the rate of gdp. The online market, thats 32 of the total. Tv is 38 . We think that 32 will get much bigger. It grew 17 while the overall tv market was flat. And facebook is the Fastest Growing within that which is social driving it. So facebook is our favorite over time because the growth rate more online video, them starting to monetize instagram, good for them. Facebook is not cheap either. What would you do with twitter which could argue a platform as well for these trends and benefit from it but much less expensive by those metrics . Heres the problem, right . Stocks that look inexpensive, they are inexpensive for a reason. Trying to bottom fish things because you think they are quote unquote cheap. Its a problem. Facebook puts up margins in excess of 50 and growing top line in excess of 40 and growth rates actually ak sell rited the last two quarters. If you look at twitter, my belief is at some point it gets acquired but people have been thinking thats going to be happening for the last year and it keeps going lower because fundamentals get worse. It can get a lot cheaper if the fundamentals continue to deteriorate. Going back to the traditional tv spags, i dont want to put cbs in that bucket because they are doing innovative things. Why cbs and not necessarily some of our Parent Company comcast is out there, 20th century fox and disney, other ways to play this, right . Definitely. Of the thing with cbs, youve sort of go one of the few peoples along with the other broadcast stations that isnt going to be skinny bundles, if youre offering 20 channels instead of the 100 we get, cbs will be one thats on there and pure play on advertising. You dont have some of these other issues you have with the disney where you have espn causing issues and cable side of the business as well. We own other Media Companies as well. Cbs for us gives us the purest way to get a hold of what we want, that advertising upside for this year. Next year it probably gets rougher but i think its going to be a good rest of this year. Lets bring in bill here. The thing that caught my attention on the cbs announcement, one thing where they are adding programming to the streaming side but they are also that they are exploring Strategic Alternatives for cbs radio, you know what that means. That has been a huge part of the cbs family for since its inception, you know, in the early part of the 20th century but radio has been in a funk. They are clear they are going to shed old media not working well and go towards new media, right. To your point, you have to keep moving and go where the money is going. I dont know the last time they watched appointment tv where they said, ive got to sit down at 7 00 to watch a program, right . I think the issue youve got is they are getting rid of radio to move to online and thats exactly what they should be doing in terms of investing in the future and sort of getting out of the past and trying to monetize as well as they can. Quickly while we still have you, one issue well hear from or ka kel in terms of earnings, i know youve talked about a lot of companies slashing tech budgets and that being a concern. Is that what you would say about a company like oracle here . We have deep concerns about it spending this year. You talked about lynn energy and pharmaceuticals. The big issue coming out of last year, if you look at i. T. Spending, 2. 7 trillion in size. Banking and securities is 18 of the total and Natural Resources and manufacturing another 18 . All of these companies are slashing their budgets because the banks are under pressure from low rates. You know whats going on with oil and commodities and so they adjusted their budgets but im nervous about Old School Hardware companies as these budgets start to flow through the numbers. Thank you so much for joining us this afternoon. Thanks, dan. Great to see you out here. They even brought the sun out for us. Dan miles. We can actually see the San Francisco bay today. Its nice of them to bring that out. We have 47 minutes left in the trading session and the dow is up three points right now. That wait and see mode as steve grasso is talking about as we get ready for the fed Meeting Announcement tomorrow at 2 00 eastern and well have live coverage of fed chair Janet YellensNews Conference here on closing bell. Pretty quiet in terms of volatility. Much more ahead of our San Francisco edition of closing bell. Tim draper will speak with kelly where he stands on theranos and Gavin Newsome will way in on the president ial race and Golden State Warriors, their president rick wells and ceo larry bayer, on the challenges. Up next, Christine Todd whitman and Jennifer Gran holm. Sales event is on. With extraordinary offers on the stylish, allnew rx. And the dynamic nx. This is the pursuit of perfection. Thats why i run on quickbooks. Details. I use the payments app to accept credit cards. 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Com. Plug in some simple info and get up to 50 free quotes. Choose the lowest and hit purchase. Now. If youll excuse me, im late for an important function. Compare. Com. Saving humanity from high insurance rates. Morgan stanley shares are under pressure today following comments made by the chief Financial Officer at the companys european conference. Not very upbeat, among other things he said that Investment Management is having a very tough quarter for Morgan Stanley and he does not expect that division to contribute to the First Quarters bottom line. There were other things as well but that was one of the standout comments he made in todays conference there, kelly. All right, it is make or break tuesday for president ial candidates, Ohio Governor john kasich and marco rubio. They are campaigning hard to win primaries in their home states. Scott could hen joins us know from columbus, ohio. Hi to you, scott. Reporter hi, kelly, ohio is always big in a president ial year, this year its huge. It is not lost on people here in ohio. The turnout has been virtually nonstop at this precinct and others like it as voters look at the potential future of the campaign really in both parties and voters that weve spoken to clearly realize whats on their shoulders. It seems it always comes down to ohio, ohio, ohio, its good we get to make that decision, its our voice that really counts. Heres whats at stake in ohio by the numbers on the democratic side, 143 delegates will be awarded proportionally based on results and gop, 66 delegates and that is winner take all. Theres a lot more to it than just the numbers. This is the state that really could either put it away for the frontrunners, donald trump and Hillary Clinton on the democratic side or potentially give a boost to john kasich, the popular governor here and those rpz who want to stop trump and potential second straight upset in the treel midwest for Bernie Sanders. A big wild card here, crossover voters, widespread reports of democrats choosing the republican ballot when they got here. Who they are voting for on that bol lot is yet to be seen. We wont know that before tonight. Thanks very much. Here now to weigh in on the race as it stands right now, we have a supporter of democratic frontrunner Hillary Clinton. We welcome back former michigan governor Jennifer Granholm and former governor of new jersey, who supports john kasich. Governor whitman, let me ask you about donald trump, no love lost between the two of you, but you have the classic outsider leading the race on the republican side. I think about what happened when barack obama was elected and jimmy carter, you had disgrantled voters who went for the classic outsider. Isnt that whats happening this time on the gop side . Its certainly a lot of angry frustrated voters lashing out and taking anybody who will tell them theyll get things done because theyve been so frustrated by congress and administration they they paid no attention to the real needs of the country. As people take a real look at donald trump, actual record as a businessman and the kind of hate he generated. He may not be a racist in of himself but encourages others to think that way. I dont believe the American Voter will support someone like that. I wonder governor granholm, if you not only agree but how you would look at the race on the democratic side. Hillary clinton is quite clearly running to carry the mantle of the lets be clear about what john kasich is bragging about, all of these jobs being created in ohio that is so much due to the attempt to save the auto industry, are you going to support somebody. Who is going to carry it further or take it a different direction . You had a debate about trade and why the turnout is going to be high is one issue, jobs in the midwest. The question about trade is going to be, are you totally against trade . Are you going to be against all trade gem