Getting a seat using your airline miles. Tell me about it. It really isnt. But now some good news for frequent flyers. First, though, lets check in with sue at the nyse. Hi, sue. Hi, ty. Day two of yellens testimony on capitol hill. So far the markets like, once again, what theyre hearing. The dow is up 88 points on the trading session. A bounceback for the battered nasdaq, which is up a half percent or about 21 points on the trading day. And were up 6 3 4 points on the s p 500. Bob pisani, Kenny Polcari and a cnbc market analyst are with us. Its not changed from yesterday, decidedly, but the market seems to like it just as much as it did yesterday. Of course they did because what did she say . Theyre not going away. Rates are going to stay low. Where else are investors going to go . Look where we are. 1885, unable to really break through. We just cant get through it. We see it every time we get here. Three things are helping the markets. Number one, dovish central banks. Not just yellen, but mario draghi out there saying hey, we may lower rates in june. The euro plummeted, that definitely helped them a little bit. A little verbal intervention. Which is what he does. Absolutely. Very good retail sales. Theres only a handful that report monthly, but those that did were very good. Theres clearly a pickup in april sales. They raised their numbers. And finally, sue, look over here. Cheetah mobile, a chinese mobile ipo. Mobile security ipo. That priced above the range. It is up 5 right now. Thats a good sign for alibaba and the ipo market. Weve been real worried about that. The ipo market has been falling down the last few weeks as the market slipped. This is a good sign. Its traded at a post right next to us. Well get you a shot of that in just a little bit. Theres cheetah mobile right there, up 5 . Whats going to push it through resistance . You know, its going to be very interesting. Im not really sure whats going to push it through resistance. I think the geopolitical situation calms down, which were seeing. Thats certainly going to help. Youll see positive news coming out of europe with those markets moving higher. I think it just needs a little push. Once it gets through, then were going straight to 1900 because theres nothing in between and it really does want to test it. Im not sure, it may not be anything. It just may be an attempt to go through. If anything, were filling the gap, youre right, were moving towards 1900. You can feel that it wants to. The good thing here is weve got three positive catalysts today, and the markets holding up very well. Bob has his fingers crossed. Below 2. 6 in the tenyear. Recently thats been bad for the market. Not today. Well see how the rest of the trading session goes. Thanks, guys. The nasdaq rebounding after a couple of very tough days. Right now its up 25 points. Twothirds of a percent. Sheila is following the movers uptown for us. Hi, sheila. Good afternoon, sue. Its been an interesting morning for the nasdaq. We started out steadily climbing higher, rebounding from a couple of tough days this week. Just in the past half hour or so, we have been pairing some of those gains so its going to be very interesting to see how the index reacts as we head into the close. One of the reasons we are higher on the day is apple. That has been a nice performer, up about 0. 4 . We are still below that 600 a share mark, but nonetheless hanging on to gains which is helping push the nasdaq higher. Also, have to talk about earnings. Weve gotten a lot of earnings from big nasdaq stocks this week. A lot of those socalled momentum names like Green Mountain coffee, the keurig stock, 21st century fox, priceline, all those stocks are higher. The one notable loser, of course, is tesla. That stock down as much as double digits today on concerns there may be issues with battery production and battery supply. Finally want to quickly mention some of the momentum names because we have been seeing them pick up steam in the session. You look at netflix or some of the biotechs or even on the tech side, f5 networks. It seems like a risk mode is back on all helping us hang on to gains. Again, we have lost a little steam inpast 30 minutes or so so its going to be interesting. Thank you. We have breaking news in the bond market. Right now its the 30year bond going off the block today. Rick santelli has the results and the demand. What does it look like, ricky . Reporter remember, its 30year bonds. Its been one of the most productive parts of the yield curve in terms of higher price lower yield, hovering close to the lowest yield since june. This auction gets a dog minus, d minus. This is pretty much your stencil for a rotten auction. So the yield at auction was 3. 44. The one issue market was trading 3. 41ish excuse me, 3. 40. So we really traded through this. The bid to cover 2. 09, weakest since august of 2011. The indirects are about the only thing that was decent at 40. 4. 8. 4 on direct. The wkest since march of 13. This yield at auction is the lowest yield for a 30year at auction since june of 13. So maybe too much of a good thing. Its already had a lot of rally. It seems like investors shied away. Maybe a bad move after we see rates come down more. But a dog minus on the last of 69 billion in supply. Tyler, back to you. A d minus from professor santelli. Hmm. All right. Wow oh. So yellen giving another boost to the markets. Hes tough. Hes a tough grader, man. I am glad i did not go to his class. No. Id fail. Professor liesman, take it away. Interesting. So yellen didnt say much that sounded new, tyler, but apparently a repeat of dovish talk at the fed will keep its foot on the accelerator so long as the job market remains weak was enough to bring some buyers of both stocks and bonds into the market. Yellen reiterated her concern with the state of the labor market and her commitment to keep policy easy until it improves. Our objective in Monetary Policy is to continue to maintain an accommodative Monetary Policy for as long as necessary to see recovery of the labor market, to a state its hard to know exactly how to characterize it quantitatively, but what the Federal Reserve calls maximum employment, or we used to call full employment for short, and in many ways were far from that. Far from that. That means theres a ways to go. Those comments coming after earlier in the morning mario dr dr draghi, saying hes worried the high level of the euro is pushing down inflation. Ty, we looked at the yellen effect. What happens when yellen speaks to stocks . Our data team came up with this. Theres a lot of volatility. Sometimes it goes down and comes back up. By the way, that includes the march press conference. That march press conference where things went down. You take that out, youre up about 75 basis points or 0. 75 . So lets put it together. A loose fed, an ecb getting looser, some decent earnings today. The retail sales coming better. Its not all a yellen effect. But a lot of things came in line to say you know what . Todays not the worst day in the world despite the rain outside to buy some stocks. Not the worst day in the world . Steve, thank you. My pleasure. Lets go to seema. Tyler, check out tiffany moving higher. Bank of america, Merrill Lynch raised its price target to 100 from 95 a share. It said higher domestic sales should drive marvin expansion. Tiffany shares currently trading higher by 3. 8 . Sue . And you match that little blue box with that dress youre wearing today, seema. Thanks so much. Stocks rising today on ms. Yellens comments. We were almost up triple digits, then that bond auction took the market off of its best lows best levels of the day. So wheres the right message to be found about the markets . Is it in stocks, or is it in bonds . Jack ablin is chief Investment Officer at Bmo Private Bank with 66 million under management. Jack brewer is ceo of the brewer green and a former nfl player. Gentlemen, pleasure to have you with us. Hello. Im going to start with you, jack, if i could. Where do you see the message from the bond market and the stock market taking us . Which market has it right . Stocks seem to be more optimistic than the bond market is. I agree with that. Im definitely much more bullish on the stock market. I think equities overall will continue to perform well. We have been, though, shifting a little bit into Asset Classes like gold. Also very bullish on emerging market debt, just trying to balance out our portfolios for our clients. Jack, do you agree . Well, you know, historically if theres been a divergence between stocks and bonds, i have to say as a former bond trader myself, that the bond market is usually smarter. But i will say because theres a lot of distortion going on with the fed, with other, you know, huge flows of funds coming from the emerging world, you know, i think the treasury markets a bubble. And so while im not expecting, you know, huge levels of inflation, i dont expect massive growth. I do think the trend in Interest Rates probably ought to be higher. But, you know, stocks are a lot cheaper. So i think they can withstand incrementally higher rates and still move incrementally higher. Weve got a pair of jacks here in this segment. Jack ablin, let me come back to you. What do you make, if anything, with the fact that so many of the socalled momentum stocks have lost their mo . Yeah. I mean, i like it. I mean, the fact is that investors are paying attention to value. And that is something that confounded me now for the last, you know, probably 16 months or so. We started underweighting small caps last year, you know, had them run right up in our face. Finally now theyre getting their comeuppance because i will say while i do think equities are cheap, i think the russell 2000 is probably one of the most expensive markets in the world. I also think the nasdaq probably, you know, and i dont calculate it specifically, but i would probably put that along with it, too. I think theres still a lot of great value in the markets, but some of these go, go companies, some of these go, go sectors have gone too far in one direction, and now they have to come back to earth. So jack brewer, let me put that question to you as well. Do you still find value in the market, or are there parts of the market you want to be in, have they gotten too expensive . I dont think its so much about the value. I think that, you know, where else are you going to invest today . The stock market i think over time is going to definitely outperform other Asset Classes. You know, for me, its about finding the value for now. I think this market is different than any time that weve seen over the last few years. With Interest Rates where they are, you know, people really dont have anywhere else to go. So why would you not want to take advantage of some of the great plays in the stock market right now . All righty. I guess im going to say thank you to the pair of jacks. You are. Jack brewer, youre going to be back in the next half hour. Were going to talk a little football, among other things. Folks, thank you very much. And check out the euro. Why not . Just because i want to. Its backing off highs following the European Central bank, marios draghis comments. Tough for exporters there. Michelle carusocabrera joins us to explain that and so much more. The euro this morning was almost at 1. 40, this close when mario draghi did nothing and then he started to talk, and it dropped sharply. So you can see the intraday move here on the euro. Why would he be so upset about the euro . It really hurts a recovering economy if your currency is very strong. Because you cant export. You cant export. You lose whatever currency you get. Now youre spain, youre italy, youre greece, you have done massive budget cuts. Youve cut salaries, pensions, done all these things to make your economy more competitive. Finally for the first time in years, your exports are rising. And then bam, you get a 10 move in your currency. In your currency. In less than a year. Yes, yes, yes. And suddenly all that could disappear after all that hard work. Thats why hes working so hard for now at least jawbone down the currency. Ive listened for years and i know you have, too, to american treasury secretaries administrations, a strong dollar is in the great interest of the United States. Mmhmm. Not always. No. Not always. And exporters in the United States would say never. You know, they like a weak currency because it makes it easier to sell stuff. To the crisis in ukraine, whats new here . So theres different rebel groups in the eastern part of the country. There was supposed to be a big referendum on sunday. Some of the rebels have said theyre not going to hold the referendum. Others say theyre going to this all comes 24 hours after Vladimir Putin yesterday, the president of russia, sounded much more dovish about the situation in Eastern Ukraine. And were all still trying to figure out should we believe him . Should we believe him . Is this tactical or real . All the russia watchers i have spoken with say they absolutely believe he is stepping back for now, reasons to be debated. We talked about some of them yesterday about might be trying to hold off sanctions. Weekend was too violent. Also, were getting increasing intelligence that maybe he doesnt have as much municipal control in certain parts of Eastern Ukraine like he did in crimea. So the outcome may not have been as secure as he would have liked when it comes to those referendums which was the precursor to then saying were going to take crimea. Is that because the Central Government in kiev has moved in aggressively against some of those positions that his proxies have taken . Yeah. A, that yes, partially, but more likely because theres actually not as much support of russia as you might have originally thought. Its not as solid as it was in crimea. And the other crisis point right now is nigeria. The latest there. Yes. Apparently hundreds dead. In the northern part. The president of the country, goodlu goodluck jonathan, made a speech. He said they were going to try to do more to find these nearly 200, 300 girls that have gone missing since midapril. And thats the bottom line. Were waiting to see what exactly happens here. The pledge to do more and waiting to see if theres any kind of issues with the World Economic forum. Thats a big, big concern. This comes as we got this report, like you said, of another 125 people dead in northern parts of the country. And the u. S. Apparently sending some assistance but very limited. Technical assistance. Technical assistance. Law enforcement. Yes. You know, hostage negotiation, intelligence, et cetera. But fewer than ten military folks. Its not a s. W. A. T. Team. No, no, no. And nobody they were very clear in saying these are not people who are going to go in and do a rescue mission. Right, exactly. Michelle, thank you. Sue. Ty, lets take a look at the tenyear note because we did get a spike in the move in that market after the results of the auction which, as you know, Rick Santelli gave a d minus to. Were at 2. 60 . We had dipped briefly below that level earlier this morning. The Dow Jones Industrial average was up almost 100 points before the auction. Right now were up 82 points. So the market has definitely come off of its best levels after the weak 30year bond auction. Were going to focus on apple as well. Shaking up the tree a bit. The head of north american sales is leaving. So whos taking over and what does that move say about what apple is thinking . Plus, monster beverage getting ready to report earnings after the bell. The stock higher right now by just under 2 . But its down 3 over the past couple of months. So how do you play the stock ahead of the numbers . Well talk to a top analyst about that when we come back. Fame, makes a man take things over fame, lets him loose, hard to swallow fame, puts you there where things are hollow the evolution of luxury continues. The next generation 2015 escalade. Fame welcome back. Im seema mody. Check out dean foods moving lower. The largest cutity fullyear outlook after a surprise lost for the First Quarter as milk costs reached an alltime high and a severe winter hurt supply. Dean foods currently trading down by around 5 . Sue . Thanks rngs se, seema. Monster beverage reporting after the bell. Take a look at the chart. The stock is up 16 over one year. Today its now up better than 2 in anticipation of its earnings. Mark astrocast covers the stock with an 80 price target. Good to see you. Welcome. Thanks for having me. Tell me what youd expect in this report. Sure. We took our numbers down a little bit on monday morning ahead of results basically for weather, for nothing else. We continue to think the company is in really a good position to gain share of a growing category. In the u. S. And overseas. And we think that that outlooks going to remain after the results tonight. Are you at all worried about liabilities in terms of possible lawsuits, regulations on the sale of some of monster beverages drinks to anyone under 18 . Could that have Material Impact on the stock and on the bottom line or not . Tonight its not going to be an issue. I think just generally speaking over the last call at 6 to 12 months, youve seen the regulatory concerns ease coming out of washington. You really havent heard a whole lot lately. The company had some hearings last summer along with the other industry folks in front of the Senate Commerce committee hearing. There was an sthut to medicine workshop put together for the fda talking about caffeine levels. But really of late youve not seen, if the Company Continues to reiterate its products are safe, our view is the caffeine levels are basically in line with whatever the fda wants to regulate, less than a cup of coffee, as the company likes to talk about. For this quarter there are probably going to be costs surrounding in terms of legal fees and things like that but nothing thats going to impact on a longerterm basis in our view. Very quickly, international, is that where the growth really the potential for continued growth is for the company . It is. So that assumes the u. S. Continues to grow at a high single to low doubledigit rate. From here where you make money is international. Our views are the company has about a 5 to 6 share internationally excludin