cboe volatility index? it has awakened now from its slumber. if you played it today, the etf that tracks the bix, you are up 2%. we're also tracking the euro as the march to dollar parody marches on. now just $1 .10 to buy a euro. >> then there is the weather. just when you thought it was safe to think spring well think again. a serious snowstorm is about to hit the east. >> winter storm thor it's called. it's epic. >> chris hemsworth. >> i'm distracted now. >> we mentioned the euro-dollar trade. the dollar index at its highest point since september of 2003. good for you. if are you going to europe. on this down day, we got bertha coombs at the nasdaq. first to mary and hi mare. >> as you said the nasdaq -- or the margin advisory come well off their lows. it's another modest volume session. what we are seeing is an interesting move among the traditional defensive sectors. the drug group, health care group, getting a bid. that's one of the reasons we see the markets pair their losses today's. take a look at the hospital operators. it's coming out of the supreme court case that's being argued. also, space in the drug sector. the other traditional sensors, they're not -- telecom and utilities under pressure. utilities extending their slide from the record level that is it hit earlier this week. this is treasury yields start to rise a little bit. maybe get a little competition to those utilities. we're also looking at the industrials. they're under pressure. most notably, a supplier to the oil and gas industries among others. the company saying that its sales for february were weak. up 8%. below what lois were expecting. that's giving -- putting pressure on its shares as well as its rivals in today's session. guys, back to you. >> thank you very much mary thompson. let's head out now to the nasdaq in times square where we find bertha coombs. what are you watch sng. >> it's really a health care story here as well. not a defensive sector here because biotechs are often really one of the biggest sources of volatility but the large cap biotech index, at an all-time high. we've seen some of these big biotech names move and become positive this morning. the diet drugmakers overall after they posted positive data. biogeneral at a fresh all-time high today. and the insurers are also seeing a big move to the up side. anthem, which is listed here at the nasdaq they are seen as beneficiaries if the supreme court were to uphold the obama care subsidies. >> thank you, bertha. oil under pressure at this hour. are prices on the verge of falling even further? there's lots of supply but it is becoming more and more difficult to find places to store the stuff. morgan brennan, live with the world's largest storage facility in cushing, oklahoma with the opportunities being created out of the storage problems. man, it looks cold there, morgan. >> it is cold. if i make some funny faces, it's because hail is literally flying into my hood. nonetheless, take a look at these tanks behind me. these are crude oil storage tanks. each of these can hold 250,000 barrels of oil. these particular tanks are owned by enbridge energy partners but there are dozens of these. different sizes own bid different companies throughout cushing, and many are now full. according to this morning's eia report cushing claims 2.2 million barrels of crude oil. that's just over two and a half million barrels shy of an all-time record high. that means the energy companies can turn a profit by storing their crude oil. >> in i look at today's forward market i'm looking at a ford curve where six to nine months the crude is selling for $7 $9 a barrel more. it costs me maybe $3 or $4 to store that barrel, and there's a $5 profit to be made. >> but, of course it is becoming -- you have to be able to secure the storage to make this play work and it is becoming increasingly hard to do that. i mean, just looking at the eia report this morning, more than ten million barrels added in the last week of february. this storage space is beginning -- >> the pipeline crossroads of the world. cushing, oklahoma. back to the east coast where a storm is coming. the fed releasing transcripts today from back in 2009 giving all of us new light on what policymakers were thinking as the economy slumped to the bottom and then ban began to turn wrrn steve liesman with more on what we found out today. were they ahead of or behind? >> at the absolute peak of fear there. let me ask you a question. in march of 2009 were awe frayed, were you very afraid, or were you very, very afraid? >> i was very afraid. so afraid we were then at that time own bid general electric okay, and the stock was at $5 or $6 and i had it in my 401k and i said get me out of it. >> interesting. >> because there was talk then that a company as huge as ge could go. >> that same fear per have aeded the federal market committee when they met. we got the transcripts today. what we saw is that the fed was essentially making up policy on the fly. the most momentous decision, the quantity takive easing decision in march 2009 listen -- hear what bernanke said at the time. he said "having heard the discussion around the table today, i think i would like to raise a third option." there were two others on the table. "which is the union of the two, which would be the $750 billion of mbs plus the $200 billion of treasuries. i'd be open to that as well." there was born a $1.25 trillion quantity takive easing program. i think richard fisher who also has the best way of putting it. "the ad hocery of what we are doing is a bit of a concern to all of us at the table, but let's acknowledge the fact that we are in extraordinary circumstances, and we have to play ball according to what's on the field." now, janet yellin throughout this thing is more concerned than others around her with the economy, more concerned with declining inflation, lower unemployment. here's one thing she does bring to the table. she says "another disturbing sign of how tough things are getting is that people are going to be breaking into their piggy banks to make ends meet." tyler, there's one line in there that says yellin who ran simulations said if we did this according to the models we would have a negative federal funds rate of 6%. that's how much stimulus the fed's models at the time we had to do. >> they were stuck at zero. they would not go negative but the models at the time they were looking at showed 6%. this was a time of extraordinary history, extraordinary fear around the table. there was option a and option b, and bernanke said you know what let's do them both. >> go big or go home. >> there was agreement around the table. one other thing, they were all doves in the fox hole. people who would later emerge as hawks, jeff -- they were all in agreement that the fed needed to act big. >> i think the fear was palpable at that time. >> you and i remember it. as all of us did. >> dominik now, market flash. hi, dom. >> hey, tyler. we're watching shares of lumber liquidators. the stock is dropping sharply now. now down about 9% 10% so far today. the stock turned negative shortly after senator bill nelson, a democrat of florida and the ranking member of the senate commerce committee released a statement urging the federal government and its agencies to investigate lumber liquidators. of course, this all follows the $60 minutes" report that questioned the health and safety of some of the company's products and levels of -- the stock has fallen 40% since that report. senator nelson's call mandy, interesting here we pretty much should have expected some of these calls to come out and yet, it didn't move the stock lower. back to you. >> stocks in general are down. the euro is at an 1146 xwreer low versus the dollar. should investors be concerned? executive director of u.s. equities and derivative strategies, bernie williams chief investment solutions at usaa, gentlemen, great to have you with us today. it almost seems like a curse. we've had two closers ever above 5,000 for the nasdaq. to you feel maybe the markets have just gotten ahead of themselves? >> i think for those of us that were there in 2000 there's a sense of been there, done that and i think when you think about what's ahead of us in the month of march, meaning that with the euro dropping to the lows that we're at -- it has to prove itself that it can groeshg and the fed may or may not tell us about the interest rate regime on march 18th. it's just time to pause, and i think we're -- >> take some profits right now and take a little pause. would you agree with that bernie, and what will it take to get the market going to the up side again? >> well do agree. >> i think we're going to have to see how the economy improves and perhaps earnings for u.s. companies to get the market going. >> you know the 4 x issue was a big one, and you mentioned the dollar i moment ago. do you feel that this is getting to the inflexion point that bernie was taking about where it's going to be a net negative as opposed a net positive? we've seen a lot of multinationals that have been able to handle it and are well hedged. think delta and hp. it is starting to bite. is this a problem for the rest of the year? >> it's definitely a concern that's out there. we've already seen expectations decline to the point that for the most part this hit from fx is factored in, and if we do get stability, then earnings could surprise to the up side, in fact? >> you think earnings are going to surprise to the up side even though now the predict is deteriorating for earnings overall? >> simply because the bar has now been set so low over the last nine months of oil decline and fx depreciation. >> it's all about expectations. talking about oil decline, bernie, i know saudi arabia is sounding a note that maybe things are starting to stabilize, and at these levels. do you think there are good plays to buy energy stocks? >> when they feel the time is right, they'll probably talk it up. you've had a huge supply response from the companies. laying off people laying off rigs renegotiating their contracts, and so realizing that oil is a very cyclical business we're in a down turn this is probably a pretty good time to start buying energy stocks and wait for that up turn which will be volatile but i think we'll be rewarded for it. >> for those listeninging slumberge are the two energy stocks that you had there on the board. julian bernie thank you for joining us today. you can also go to powerlunch.cnbc.com right now to see julian's thoughts on fed tightening, and even the chances of a recession. yes, the r-word has come back into our lexicon. there's all kinds of things on the website. go check it out. ty. >> mandy, the countdown is auto to spring that is. 16 days to go. >> we've got another spring storm or a snowstorm i should say, heading our way in the east. the weather channel tom nizzle tracking it. >> tomorrow we're going to see that snow work its way into d.c., baltimore, philadelphia, and even up to the doorstep of new york city. this is going to be a long track storm. look at the snowfall totals. as much as five to eight inches just north of nashville. there up towards lexington. by the way memphis could pick up a significant amount of sleet and even freezing rain in this situation. the snow will continue. washington d.c. through philly area, five to eight inches of snow. not out of the question to see as much as three to five in new york city. break it down here for dallas. 52 with rain today going into tonight. temperatures drop to 24 degrees with sleet ending during the early morning hours followed by a high of 41. a little further to the east lexington, 42 degrees today. look at tonight as that temperature plummets with heavy snow as much as five to eight inches, and then as we go further east to washington d.c. the snow develops around russia or tomorrow morning continues throughout the day. a variety of wintry weather with this long track storm, winter storm thor. >> all right, tom. the fate of obama care in the hands of the supreme court now. why six words could bring down the entire health care program. plus, the freak flaw in apple and google's software. that's leaving you open to hackers. you need to get your freak on. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. some headlines. mcdonald's phasing out the ice of checkens raised with human antibiotics from all its restaurants. the most aggressive move by a food company that pressures chicken producers against antibiotics. target cutting several thousand jobs into the next two years for the restructuring part of the retailer's $2 billion savings plan. brookshire hathaway debuting plans for a euro bonds sale. the move comes as u.s. companies and banks gain cash from euro debt at the fastest pace since the recession. mandy. >> okay. well, the fate of president obama's health care law in the hands of the supreme court today. there are about 1,000 pages that will make up the affordable care act, but its future is hinging on these six words. hampton pearson is outside the supreme court in washington. hampton, what is so important about these six words? >> the meaning of the six words could determine the future of the affordable care act. just like it was three years ago when the mandate was really the front burner issue, we had demonstrators outside the court on both sides of the issue, and we also saw the same idealogical split among the justices. now, four plaintiffs were challenging the irs rule. they are arguing that tax subsidies should only go to individuals in states that set up their own exchanges. >> what the internal revenue service has done isn't fair it isn't right, and it isn't legal. >> now, inside the court justice anthony kennedy, a potential swing vote really questioned lawyers on both sides about the negative impact if the government loses the case but he really didn't commit to supporting either side. he is supportive of the government, and he is very unusual for the better part of the 90 minute argument we heard today. chief justice john roberts was silent three years ago when the individual mandate was on the front burner. it was justice roberts that cast the deciding vote. tyler. >> fascinating, and we will see, i assume sometime in june. >> late june yes. >> when the decision comes out. thanks very much. hampton pearson reporting. to dominik, market flash where are. >> those comments tyler, again moving the market here. if you look at the health care and hospital names rallying here, hca currently the best performer on the large cap s&p 500, moving to the up side by about 6% today. tenant health care moving as well. currently up 5%. now, as hampton said these moves come after supreme court justice anthony kennedy made comments, but he did also hint to this idea that there is perhaps a constitutional problem with the way that obama care challenges are reading the legislation. now, those stocks are helping the s&p health care sector turn positive for the day. it is the only tyler, green sliver sector-wise in the s&p. back to you. >> very very interesting there, dom. appreciate it. stocks down again overall as you see there. a lot of red on the heat map. down nine points on the s&p 500. they're off their lows. s&p 500 down for the fifth time by the way, in six sessions. wall street's top strategist analyst market technician will weigh in on where stocks may head short-term. also check out this person. she is now the world's oldest living human being. guess how old she is. plus -- >> coming up power pitch. a start-up on a mission to save you money. >> it's the fastest growing personal finance app in america. >> but will the panel be in or out? >> half a million active users is really impressive in a year. how do you get ten million? >> stay tuned to find out. in new york state, we're reinventing how we do business so businesses can reinvent the world. from pharmaceuticals to 3d prototyping, biotech to clean energy. whether your business is moving, expanding or just getting started... only new york offers you zero taxes for 10 years with startup ny business incubators that partner companies with universities, and venture capital funding for high growth industries. see how new york can grow your business and create jobs. visit ny.gov/business >> recognized by the gun esbook of world records as the oldest person celebrated her 117th birthday today in japan. she was born in 189 1k38 became the oldest person alive two years ago. she made an appearance for her birthday with her 98-year-old son and her 2-year-old great grandson. >> you know ty i believe when asked about the secret to her longevity, her reply was, yeah you know i wonder about that too, but did you know that there are over 58,000 centenarians in japan. the most of any country in the entire world. >> genetics and diet i suppose. >> diet. lots of fish. lots of tofu. >>. now it's time for the power pitch where we have one entrepreneur just 60 seconds to convince a panel of experts of their start-up has what it takes to be the next big thing. >> i'm the founder and be builder of bill guard. we reached over a million users in its first year and recently been named the top finance app the 2014 by google play. the reason for all the excitement? bill guard saves people money. a lot of it. an average of $300 in their first year. it does so by helping them track all of their spending across all of the payment cards in their wallet in one simple beautiful mobile app. that app is powered by our patent pending crowd sourcing technology, which harnesses the collective knowledge of millions of consumers in order to find patterns of fraud, billing errors unwanted charges, and ways you can save. just like apps such as weighs use crowd sourcing to help you navigate traffic, bill guard uses crowd sourcing to help you navigate your finances. >> welcome to today's power pichl know pitch. you just saw the pitch for today, but let's meet the panel as well. in studio with us board member of the new york angels she invests and advises more than 25 start-ups. in san francisco david wu a general part of maveron. it has an impressive portfolio, including ebay groupon, and the crowd funding platform circle up. also stephanie palmeri where she phobings on software mobile services and next generation commerce. hello. great to have you with us. you're in the hospital side. >> for consumers that don't pay for your product, how are you making money off of their data? >> we are not in the business of selling data. we offer a premium upgrade for users who want comprehensive identity theft protection and that is the way we can monotize a percentage of the use whoerz use the producted for free. >> david. >> tell us a little more about what percentage of your customers are embedded that they want to subscribe? >> the average bill guard user opens up the app five times a week. that's almost daily. we have three months in over 40% retention. we've succeeded in building a habit-forming application, which is very conducive for up selling premium comprehensive solutions to our base. >> stephanie. >> one million users and half a million active users is really impressive in a year. how do you get to ten million users? >> we're down to a couple of bucks in order to acquire a customer. more than 60% of our users are coming in organically. with such a low cost to acquire users, we are out to raise a very large round of growth financing now in order to get to that ten million mark. >> i noticed in your social media that you are constantly making the public aware of significant data braechz. how do you maintain a balance between raising that awareness and also not using scare tactics to drive consumers to your app? >> what bill guard is in the unique position to do is only notify users who have been affected by a particular breach. take a look at the big omeba breach that happened earlier in the year. we were able to identify only the cardholders that had their cards compromised wendt breach window. we can monitor their card activity for fraud. in 2014 are a loan we were able to identify over $17 million in fraud for cardholders that were affected by a breach of some kind. >> how do you stay relevant or become relevant for consumers that haven't been touched by fraud and perhaps that don't get touched by fraud? >> if you look at the statistics about 10% of americans will be hit by some sort of card fraud in a given year. that's 90% of users that won't get a lot of value from fraud alert, but what they will get value from are things such as gray charge notifications, where there are deceptive and misleading subscriptions or charges on your bills that you don't notice. they will also benefit from our money saving notifications where we call smart saving alerts. en example is if you go to starbucks every monday morning and you you are about to buy the $5 coffee, and there happens to be a coupon somewhere, we can match the coupon that's available, push it to your phone and lower your bill. that's relevant for 100% of consumers. >> okay. we all heard what you had to say. we need to know if the panel is in or out. >> i think there's no substitute for taking personal responsibility and being vigilant about your charges, but with that said i think bill guard makes it a lot easier and with this company you get a fantastic entrepreneur and a lot of industry accolades and smart money behind them. i'm totally in. >> totally in. david, what about you? >> i love that they're focus odd what they do best which is protecting skermz instead of trying to find ways to sell the customers new things when they're covering from youed lent charges. at the same time i'm still a little skeptical that they're going to be able to get end customers to reach for their wallet and did a charge every month for something preventtive. i'm going to end up going out. >> what about you, stephanie? >> well i like the fact that you're harnassing the power of crowds to identify fraud. i see a lot of potential for the more uplifting and positive use cases on that front with the data. the fact that you have made something habit-form issing really impressive. if you are one of the apps i go to every day, i think you're a winner. i'm in. we have two in's and one out. what's your reaction? >> first of all, appreciate the feedback. it's tough to get people to pay for anything these days, especially on a mobile phone. we actually already have a lot of traction on that front, and it's going to be a big and growing business for us. >> pack issing a big and growing business too. >> absolutely. you got it. >> bill guard. also to our panelists, alicia david, and stephanie. that is today's power pitch. >> what about you? are you in or out on bill guard? you can tweet us your thoughts use the _#power pitch. for more on power pitch visit power lunch.cnbc.com. by the way ty we have another power pitch update for you. back in december jonathan beakman pitched his e-commerce start-up man crates. special gifts for guys from booze to bacon. i ordered one for my own husband for christmas. the founder tells cnbc that since launching in 2011 man crates has grown 300% year-over-year, and the company also just announced it is raising $3.1 million. another good story to tell you about. >> and the crate was cool right? the crate. >> yes, because it's one of those crates that's obviously made out of wood and it comes with a wrench that you have to use to try to get it open. it's very manly. >> manly. >> anyway let's get to dominik for a market flash. >> i bought the zombie annihilation kit for my brother for christmas this past year. man crate serm on my gift list as well. speaking of things that are manly or at least fun and games wise, game stop at session highs. they announced a 9% increase to its annual dividend raising it to dollaring 1.44 ray share. increase goes into affect march 24th. >> stock struggling off the lows though. what the street's top strategyists and chart watchers say about near term trading. plus cnbc's million dollar homes. we'll go to baltimore. you're going to have to guess which one is listed for a million. times they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years, we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. >> i'm sue herrera. the justice department says it will not file federal criminal rights charges against darren wilson the former ferguson police officer who shot an unarmed black teen last year. he it did paent a damning portrait of raeshl bias in this that city's police department. due to an impending snowstorm, the senate will hold a final vote in less than an hour on whether to override president obama's veto on that bill to approve the keystone pipeline. it actually moved the vote up by ten minutes so everybody could make plane flights. the motion is expected to fail. americans are stretching out their new car loans. new data from expeeron finds that car loans with six years or more surgeed in the last three months of 2014. more than 25% of all new vehicle loans have terms of 73 to 84 months and up to 14% now stretch out past seven years. music and media executive david has given a $100 million gift to lincoln center to leave the complete transformation of its largest concert hall. the building long known as avery fisher hall will be renamed david geffen hall. that's the cnbc news update this hour. back to you. >> thank you very much sue. stocks are struggling. they're off their lows. tell us what some of the top minds are saying about the days of losses. is this a pullback? some believe we're overdue and needing one? >> there are all kinds of views on this. let's quickly get some perspective. no one is signalling the panic that's going to happen. nobody is really going through that right now because if you look at the chart, again, we're still hovering nears the record high levels, and we're off by about a percent. mark newton at gray wolf says that, yes, this is not a cause for concern just yet. if you are looking for a reason you have to have one, look for the european markets maybe slowing down. also the euro weakening deflationary concerns. all of those are issues. if you look at some of the levels that some of the traders are watching out there, can you see -- look for the last 20 days. now for the fundamental side of things. steven adams over at -- this is a healthy consolidation. it's a pullback here. it was there, but you have to contrast that to a lack of any real momentum. a strong -- remember there are warnings out there, mandy, things to watch on the for. >> thank you for that. stocks check. let's move over to the bond market now. >> well mandy, of course particularly all the markets, including treasuries because the ecb meeting for friday's february employment report. as you look at a chort that starts on december 1st of -- you can see we keep bouncing to the upper end of the range which also reflects settlement in 217 from last year, and that's not different than the fives or the 30s. all the action may be in the boom that is have moved to the upper end of their range before tomorrow's ecb meeting. foreign exchange everything is about the euro. look at the euro. it's falling dramatically. if you look at year-to-date, it's fallen off the bottom of that wedge consolidation, and the last chart last time we were here september of 2003. big meeting tomorrow morning. tyler, back to you. >> rick thank you very much. it has been one year since facebook bought occulus for $2 billion. now mark zuckerberg has to get investors on board so his technology can compete with the established gaming giants. julia borstein live at the gamers conference in san francisco. hi julia. >> hi tyler. virtual reality is front and center here at the game developers conference and also 234 barcelona where mark zuckerberg just talked on stage about his excitement for occulus's potential with headsets and software that claims to be the operating system for new vrworld. >> and that's definitely future technology. it's not a mainstream consumer thing today, but i believe that that kind of continues this trajectory going from text to photos to videos to fully immersive sdeenz that you can be a part of. >> to continue that i plus's big challenge here is getting develop toerz create games for its platform. up against a growing number of rivals from established giants such as sony's morphus and newcomers like steam that was announced. facebook's new appeal to investors is announcing a store for the oculus headset to enable developers to sell their games. >> it's really important for developers to actually be able to make revenue, and for a long time we can't make money from it. you can actually now start to see revenue come in. >> there is huge potential for facebook and taking a cut down the line vr could enable new ways to communicate and that's potential to be integrated into the social network. >> julia, thank you wrech. >> c nbsz's million dollar homes is back with a twist. going to show you three homes in the same city but only one of them is listed for $1 million, and that will be mandy and i will try to guess which one it is, and you can guess long. plus diane is in town with a look at where we may be going today. diane, give us some hints. >> well tyler, it's called charm city, city of neighborhoods, hometown to babe ruth. we'll take you there coming up next on "power lunch." at ally bank no branches equals great rates. it's a fact. kind of like shopping hungry equals overshopping. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? 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who better to ask than super broker dolly lens. good to have you with us. let's contrast these houses. >> well what do you think? they're all pretty similar, right? they're all over 3,000 square feet. they're all three bedrooms plus. they're all multi-level. they're all townhouses. it really comes down to views, which one has the best views, kind of bonus rooms or bonus spaces, roof decks, garages, things like that but they're all very similar. these are the three most similar houses today. >> well, it comes down to the view. the second one definitely has great views. >> great views. yeah. i think the best views. i've actually been right there, and you are mesmerized just watching everything go by there. it's really beautiful. >> i sort of think number one may be the winner because of that roof top terrace and it had a patio off the back. and it had five beds. >> it may be the winner and you are right, but it's not the million dollar home. >> whoa. >> that's the most expensive home, and that's probably why you like it best. it's $1.115 million. it's actually my favorite as well. >> it was over a million. >> over a million. the million dollar home oddly, is the harbor view. >> is number two. the one you liked. >> gorgeous house. gorgeous. stunning house. now, the interesting thing about baltimore, these three houses the tacks vary a great deal. the harbor view house because of where it is in the district and the view the taxes are $22,000 a year. >> right. >> where the traditional house is only $12,000. >> big difference. >> big difference. $10,000 a year say lot of money. >> both in the city of baltimore? >> they're both in the city of baltimore, but one is i guess, closer to the water, harbor view, right by the water, and you have -- so it's assessed higher. >> zoning? >> it makes you cry when you think about what you can get for your money. for $1 million in baltimore as opposed to say, new york city. >> exactly. it's incredible. >> we asked the brokers why haven't these sold wret? why have these houses not sold? the answer in all three cases, different brokers was that they needed a single person or a couple, not a family. i'm, like you mean these houses aren't big enough for a family? >> five floors? >> exactly. and i guess it's a school district thing. people with children or small children want to live a little more in the outskirts. like not right in town which i understand. interesting. >> i was going to say, there is a thriving financial district in baltimore. t. rowe price. >> exactly. >> you think that there's somebody -- hopkins is there. some of the young professionals in that town would love to live downtown. >> you get a lot of bang for your buck. that's a lot of house. all those houses i would die for. >> $22,000 in property taxes on the million dollar house, and $12,000 on the million home. >> on the traditional house, which is very beautiful. kept all the detail. >> exposed brick. definitely my favorite. >> was it? >> fireplaces? >> yes. that one has working fireplaces. >> thank you. dolly will be back in "closing bell." we're going to visit three new homes. i guess we're supposed to tell the city this time brsh it's chicago. stay tuned. we are minutes away from the federal reserve's latest read on the health of the economy. stocks are off their lows but the dow is nonetheless, back to triple digit losses. it's currently down by 105 points, folks. we're back in two. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. you can call me shallow... but, i have a wandering eye. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. let me talk to you about retirement. a 401(k) is the most sound way to go. let's talk asset allocation. sure. you seem knowledgeable professional. would you trust me as your financial advisor? 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[ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. >> here are this hour of power points. mcdonald's has announced that within two years u.s. restaurants will only buy chickens raised without antibikes in an effort to fight super bugs that are responsible for an estimated 22,000 human deaths a year. next, we learn that the euro has fallen to an 11 year low as it's feeling pressure of quantity takive easing and about to be launched by the oh cb. the u.s. dollar has hit its highest levels since september of 2003. family, in the latest eia report, we learn that the city of cushing, oklahoma, produces 42.2 million barrels of crude oil that are just -- if you missed any of these big stories in the past hour you can go and visit our side of power lunch.cnbc.com. >> how you are being exposed to hackers next. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. 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[ male announcer ] see how schwab can help light a way forward. so you can make your move wherever you are. and start working on your next big idea. ♪ ♪ coming up at the top of the hour the latest read on the macroeconomy. it is called the beige book but there may be nothing boring about it. plus what could happen to oil once all the storage in america is filled up and we are getting close. the three hottest housing markets in america that you sht hearing much about, and, oh yeah, with luxury car sales booming, what is wrong with cadillac? pellsa lee joining us at the nasdaq. first, dom with a market flash. >> brian watching shares of bristol-myers squibb. spiking after the fda has approved one of its cancer drugs for use in long cancer patients. the drug is intended for lung cancer patients that were previously treated using chemotherapy methods. the stock is trading at its highest level since february of 2001. $64.75. tyler, the high so far today. back to you. >> nice at 3.6%. thank you, dom. it's affecting useers of apple and google device. josh lipton joins us live with that story. tell us more jon josh. >> well, mandy, if you surf the web with apple or google devices, then you may be vulnerable to hackers, and that's because of this newly discovered security bug that's being called the freak flaw. basically experts i talked to say this can be traced back to a government policy that was actually abandoned many years ago, and it required american software makers to use weak security and encryption programs that were sold internationally due to national security concerns, but here really, mandy, is the bottom line for our viewers. i'm told that at least right now there is no evidence that hackers took advantage of this bug. they took advantage of this weakness. also, both tech giants have moved into action. apple saying that its fix will be available in software updates next week. some say it does point to the broader risk when governments try to operate in weakness in encryption codes. >> interesting. quite relevant actually josh. mandy, in light of the discoveries in recent days that secretary of state hillary clinton was using her own e-mail apparently through a server that she owned herself as well as using some commercial ones to do government business on. the nasdaq at $4,963. that 5,000 was very fleaed fleeting. >> payroll numbers not as robust as they have been and in just a few seconds time we will get the beige book report. >> right. >> where the fed will report on the economic conditions in the various fed markets. >> with that let's go to brian sullivan because we'll have the beige book at the top of the hour. over to you. >> it may not be boring at all because it surveys all the fed districts and comes out with some sort of a macroconclusion about what the fed is thinking when we have that right now with steve liesman. >> thanks very much brian. the beige book for the month of february. the collection of economic from the 12 federal reserve districts says the economy expanded in those regions. the words moderate and modestly we use to describe. u.s. spending was on the rise. retailers were opt mythsic, though, and job gains were seen in a broad range of industries and sectors. wage pressures were moderate but they did show some reports of wage hikes not connected for the first time to those in sdwrus skilled, but also in some unskilled indexes. the beige book in a sense, this time was a little bit white. a lot of mentions of weather. 36 mentions of weather. take the january and february from last year. there were only 25. minneapolis, fed said reeshgs tailers out there can't sell winter clothes because, what it's too warm out there. brian is really shaking his head. it's warm out will in the west. let me finish up here. drilling declines reported in four of the fed districts. brian. >> all right. melissa lee joining us for the nasdaq. here's my beef with the weather thing. okay? we have anomalyistic weather all the time now. >> i have to stop you. that's an oxymoron. that's the definition of it. >> except for long-time charges. >> you can't have that. >> why? it's freaky weather everywhere. we're sort of on a -- get away from that. it's the goldilocks. it's too hot. it's too cold. weather can be blamed in good and bad reasons. they could even say it's too nice outside. the fact that the fed is defaulting to weather-related issues -- i know that they're surveying other people. whatever. it just smacks of excuse making. >> why would you make an excuse? in other words, first of all i am working on the data right now, brian. i don't have it yet. i saw some early maps. if it can be believed, this january and february on the east coast, or from mississippi east i believe was colder than last year. >> no. >> last year -- >> colder but more snow last year. >> more snow last year. >> except in boston. >> except in boston. >> the only reason i care -- >> there was 75% more locusts. >> investors care. they want to know if something is weaker, is it weaker because that's the trend, or is it weaker because you use your word, there's some anomaly out there. if there is, should i excuse that data and maintain my negative or positive investment stance, and continue with it because it will iron out in the data? i think there's a good enough reason here from what -- >> >> minneapolis so st. paul? >> boston to washington a big chunk of the nation's gdp. >> minneapolis has quite a resilient economy right now. it's somewhat robust some would a. they've been doing very well since they moved away from -- >> melissa lee, help me out. is anybody on my side about a -- i don't like. >> i'm not on your side brian. >> i don't like it when the retailer dozen it. now we've got the federal reserve doing it. >> i don't think the fed is making up any excuse. >> those are your words, making up excuse. >> i thought you applied to making up stories. >> some didn't get the memo. it's gang up on brian day. >> every day. >> we all three of you at once. bring it on. melissa, what's -- >> the fed is limpl simply reporting what is going on. the weather was anomalous in the first couple of months of the year. therefore, it will have an impact on economic activity. where we might see excuse brian is, in a couple of weeks when earnings season starts hitting -- i guess a month from now. a little advance of the calendar. once we start getting first quarter results and companies that don't have much exposure to the northeast, are saying you know, it was the weather the reason where we missed. then you're hearing excuse. i believe that will happen come first quarter earnings season. >> i'm going to agree with melissa, which i think is alsoation wit agreeing with brian. >> it is. >> they're going to pile on. >> every retailer in america has been given a free pass. the fed said it must be true. >> i have been doing this as long as you. >> probably not, but okay. >> i have not, but i've been doing it long enough to know that the weather every quarter for everybody comes up for 17 years. >> yes. look, there are people making the argument now that we're entering a mini monger minimum, which is a solar spot activity that is at its lowest level in 100 years, which we could be entering a little ice age. there are times when the weather has legitimate impact on winter as it did in certain places this winter. it is not the main driver of economic activity. >> how well the economy may be doing. i'm looking at estimates of gdp of 2.8%. >> that we agree on. >> it may be that the economy has really percent veersed through. >> at this time last year i was literally cutting a tree in half in my yard dragging it out with my jeep so i could go to work because we had so much snow it was so bad. i understand boston has been walloped, but the comps should be better this year. >> you want a fascinating -- >> do you have a chainsaw with the wench on the front? >> the 18 inch steel, yes, i do. >> you wrote an interesting piece on why the fed should not be audited. >> its monetary policy should not be audited. its balance sheet should be. >> it gets to the question of whether the monetary policies are trst worthy and whether the fed itself is trustworthy as an institution. >> an updated balance sheet each week, how do we know those securities actually exist? >> we have an outside accounting firm an independent auditor currently deloitte and tush that does a thorough review of our balance sheet, and that's what's contained in our annual report. it's both the board and all of the federal reserve banks and the consolidated federal reserve system. >> so they do exist? >> they do exist. >> now, you brought up the length of time we've been doing this. i've been at this 31 years. that is the single silliest question i have heard in my career. does the fed have the bonds that it said it did. that would mean that the treasury has sold bonds to no one over the last several years while the fed was doing quantity takive easing. that would be somewhat of a hole in public finances if the fed had not been purchasing those bonds. when you get congress looking over the fed's shoulder on monetary policy and this happened during the nixon administration where the white house was, you get policy and manages takes thaw don't want. next best thing to a hard money standard, which a lot of -- >> the fed has has become way too political ion indirectly. >> ron insana great piece. cnbc.com. steve, i promised you the beige book discussion would not be boring. i just want to throw a snow ball. >> better than you. >> throwing snow balls. >> thanks guys. over the past few days there's been a lot of talk about bubbles in this market. is there a bubble in stocks? is there a bubble in the corporate bond market? well, phil lebeau joins us with what could be the bubble to watch. phil. >> well it depends on who you talk to. a lot of people look at the data that comes out every quarter in terms of the amount of borrowing that's done by consumers in the united states, when it comes to purchasing a new automobile and they say, wait a second how are people able to afford this? the latest data that we've received from experian shows a record high in terms of the average amounted financed for a new vehicle. 28,318. the monthly payment also a record high at $482 and the real growth in terms of loans is coming in six plus year loans. this data says it all. when you look at the loan terms in terms of whether it's two to three years, four to five years, six to seven years the only growth up 29% is in loans six to seven years long. every other sect or every other term length is down. there is the chart we've been looking for. up 29%. it clearly shows people are taking out longer auto loans. why are they doing this? a couple of reasons. more expensive vehicles are being sold right now, and that's because there's been a boom in demand which it comes to suvs and pickup trucks. 30% of the loans, we should point out, are actually leases, and that is close to a record high. may even be a record high. double-check with experian on that. when you look at a company like autonation we had the ceo on. he was asked point-blank, what do you do about people who want to take out a seven-year auto loan? he says, look, wronk that's a wise idea. what you want to do instead is lease a vehicle. then after two or three years you can make a decision okay do i want to lease something else or buy something else? it's probably a smarlter move in terms of personal finances. brian and melissa, these numbers continue to go up anywhere between 1% and 2% in terms of average loan and how much people are borrowing every year. i looked at the last six years. back in 2008 the average auto loan about 24,500. >> the land crisiser starts at $80,000 a year. that's where people are taking eight and nine year loans. i want to follow-up on something you mentioned yesterday. you showed us the graphic of luxury car sales for february. they all looked good excepts for one big glaring problem. >> what's wrong with cadillac? >> it was a mess when they came out of reorganization. look at the product line-up. they still do not have their wekz vehicles appropriately slated against their competition. the ats is a good example. the ats is an improvement over what they used to have there, which is the cts, and that didn't fit into a category but would you put it up against the 3 series or c class? most in the luxury space would say no. it's just not there yet. >> the elr is a joke and it's nothing more than a volt that's upgraded into a cadillac. under johan, who is now in charge of that brand, they'll get things fixed. it will take some time but they will get things fixed because, believe it these guys basically were left out in the desert for too long. >> that commercial they had didn't help. >> lumber liquidator getting taken to the wood shed. cnbc contributor john negarian is joining us. is he the options king. really you are looking at bets being placed against lumber liquidators before the letter but the bets being placed after the letter. >> exactly, brian. normal activity in this name was about 3,300 contracts per day. that's -- >> that's a week. >> not a lot. there were some days where there were some spikes and kind of suspicious activity but since then when the stock fell all of a sudden today it's trading roughly $40 or $39 a share when that news comes out at, i think, 12:37 eastern time that indeed the senator from florida was sklg for an investigation. it had already traded more than double normal activity. traded 8,000 puts at that time, so that alone salgts weird. >> that's a little suspicious right there. that somebody might have known that there was about to be bad news coming out. that a senator was going to be calling for an investigation. sure enough the stock fell. scott whop ner talked about it "halftime." stock got smacked $3. fell down to $36 where it is now, and it's flatlining right there really. instead of 8,000 contracts now, brian, 28,000 put contracts have changed hands, so there's obviously just not a tug-of-war. just a straight out selling going on here. >> so doc, what's interesting too is that of course after "60 minutes" even maybe before when there was more heavy trades going into this name into the "60 minutes" report volatility on this one has actually climbed. >> the bid ask spread how much premium you would have to pay, as you say, the premiums are higher, but the spread between if you decided you wanted in you are paying up 20% to get in to these puts. in other words, they're building the odds against you pretty big, and people were still taking that bet and they've been right so far. >> the fact that it was so much heavier before the letter came down. >> that makes you suspicious. >> thanks. >> thanks. >> appreciate it. let's get out and check out on i'll because oil is starting to jump. in fact, the price of crude oil is up $1.27 a barrel to $51.79. that's bb 2.5% and we're about 15 minutes away from the oil close. here's what's ahead on by far the most popular 2:00 p.m. eastern time show on this network. three hot housing markets that you are not hearing about. what happens to the price of oil when all the storage in america gets filled up. and a new report with some scary stats on the security of apple pay. that's ahead, but, first, today's mystery chart. hint. it is not a stock. it's had a stealth rally. it's up 15% in 30 days. there's your chart. tweet me with your guess wrshz power lunch returns after this. hey, girl. is it crazy that your soccer trophy is talking to you right now? it kinda is. it's as crazy as you not rolling over your old 401k. cue the horns... just harness the confidence it took you to win me and call td ameritrade's rollover consultants. they'll help with the hassle by guiding you through the whole process step by step. and they'll even call your old provider. it's easy. even she could do it. whatever, janet. for all the confidence you need td ameritrade. you got this. you just got a big bump in miles. so this is a great opportunity for an upgrade. sound good? great. because you're not you you're a whole airline... and it's not a ticket you're upgrading it's your entire operations, from domestic to international... which means you need help from a whole team of advisors. from workforce strategies to tech solutions and a thousand other things. so you call pwc. the right people to get the extraordinary done. ♪ ♪ orange juice futures are getting, well squeezed. nobody seems to be able to concentrate. oj hitting a fresh 52-week low as a weak -- brazil the world's biggest producer of orange juice. orange juice futures actually -- let's move on to housing if we can. diana is in the house here, and let's talk housing. new mortgage applications showing that a spring thaw necessarily is not quite kicked in yet. >> not quite. not quite at all, brian. we want to talk about mortgage applications. frozen. as i said in our post on cnbc.com, you can't blame this on the weather. first look at applications to refinance. up a teensy bit on the week, and more from a year ago. nothing compared to that spike up, the re-fi boom at the start of this year. that's when mortgage rates moved sharply lower, and when fha lowered insurance premiums and offered a streamline refew. now rates are edging up and not moving much and the fha news is kind of old, so no reason to refi. purchases are flat from a year ago, which was a particularly bad year. this is the best indicator of future home sales and we have clearly not seen sdmrinlt going to say that but i will say leez don't blame it on the snow and cold because, guess what it was the same last we're. we've got to blame it on no supply. there is just nothing out there. >> i thought nobody could do anything because the fed said that weather had ruined everything. >> well it's not that bad in the rest of the country, which we're going to talk about. >> i got my -- i chickened out. i got my jabs in when they're want here. let's bring in david goldberg with ubs. good to see you in person. you've got three hot housing markets or you think will be hot that we don't talk -- we always that talk about miami and new york city. tell us why phoenix, vegas, and atlanta are hot to you. >> a good job growth. easy comps from 2014. we had stalling from those markets. really it's a question of job growth, and a question of inventory, and it's what happened in the news housing market which there's not a lot of inventory. that's part of what diana is talking about with the mortgage altercations and what's happening in terms of the existing home market. let's drive people to the new home market. that's right. the builders are seeing more traffic. they're seeing better sales. pricing is getting a little better, and so, yeah they're starting to see growth in the u.s. mouz housing market. >> you said it br yourself easy comps. these were fueled by investors at the housing crash. they came in and ate up all the supply. they bought everything on the low end. grow prices way up in phoenix, vegas, and atlanta. everything dropped when they moved out. we're comparing to basically a big fall and now it's going to be hot because you still got people that were under water on what they owned. >> the skwe what are you expecting in terms of growth? is it a question of getting back to where we were in 2004 2005? no. it's a question of what's the base line and starting to build from the base line. we have some job growth. mortgage markets are opening up incrementally. not a lot, but incrementally, and that's going to move housing forward. >> it's going to have to -- if the cycle is going to continue it will have to be -- we're starting to see it. >> $200,000 house. >> dr horton is doing it. >> we're seeing builders get into it. >> 60 miles outside of the city. >> exposure to these markets and self-help stories that don't need that tail wind from the bigger housing market. >> how much of the mortgage issues are hurting them? i know some of the builders can help you get your mortgage, but they can't the way they used to. >> you're right about that. the builders do have mortgage companies and mortgage companies that help them get through, the buyers get through. it helps with credit counseling. there is some of that. the mortgage market isn't going to change dramatically overnight. it's a slow process. you have to find opportunities. >> it was a pleasure. you have ryland and pulte. we do appreciate that. diana, thank you as well. >> all right. we are still keeping an eye on oil. it is moving hire as we head into the oil closes. that's in eight minutes time. we'll bring it to you. plus the "wall street journal" saying that fraudsters are taking a bite out of apple pay. should apple be concerned? we'll get a apple investor's take when power lunch returns. the job jugglers. 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check out the chart of oil. we are seeing a jump in wti just off session highs up by 1.9% right now. part of this of course the dollar move today. the dollar actually at an 11-year high against the your wroe. we are watching the dollar index as well. take a look at today's mystery chart. stealth rally over the past month. up more than 15%. your first hint? it's not a stop. your second hint. think oil. >> storage here is filling up. we have the most up-to-date numbers you need to know when "power lunch" returns. ♪ building aircraft, the likes of which the world has never seen. this is what we do. ♪ that's the value of performance. northrop grumman. ♪ [upbeat music] ♪ defiance is in our bones. defiance never grows old. citracal maximum. easily absorbed calcium plus d. now in a new look. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. >> i'm sue herrera. here's your cnbc news update. a u.s. judge has granted preliminary approval to a $415 million class action settlement over no coach a.m. allegations against apple, google and adobe systems. this would end a lawsuit in which tech workers accuse the companies of conspireing to hold down salaries. fbi director james is calling for a coordinated international approach to track down perpetrators of cyber crime, terrorism, and organized crime on the internet. a pakistani man was found guilty in an al qaeda bomb plot to attack the new york city subway system. the jury reached that in a federal court after beginning deliberations tuesday morning. no date has been set for sentencing yet. >> that's your cnbc news update this hour. brian, back to you. >> oil was flat most of the day, and just before the close, something interesting is happening. let's go live now to jackie deangeles with the nymex with hopefully why oil is popping. >> good afternoon to you, brian. that's right. hopefully i do have an explanation from you from talking to traders here they're mentioning several factors. the first is we had a huge inventory build overall. more than ten million barrels this morning. they're focussing on the cushing number. half a million barrels. much less than we've seen in terms of the cushing fields over the last few weeks. they're starting to look at that. also refineries maintenance strikes. we've been monitoring that for quite some time right now. traders are saying they do expect that these build are as a result of those refineries having less capacity. they expect that capacity to start to increase and slowly work through some of this supply. especially that happens as we head into memorial day. also take a look at the spread here brooirn. we're looking at $51.50 and $60.50 for brent. we were just trading at $13 a spread a few days ago, and now we're narrowing down to $the. trade rerz saying there's definitely something happening with the thought of supply here and i will tell you this. in terms of that big question about a bottom the consensus down here is that yes, he finally have reached a bottom, and i'm really hearing it from know. there's nobody saying they want to be short oil right now. >> there are buyers and sellers. someone is going to be left holding the bag. the question is who says is going to be right about it? >> $51.50 an interesting price, and val van halen's last good album. thank you very much. >> more companies and traders are storing their oil supplies. they're hoping for higher prices. futures prices are way up but the storage facilities are running out of room. morgan brennan is at one of the world's biggest storage facilities in cush,ing oklahoma, with more. >> hi brian. that's right. well, as jackie just mentioned, here in cushing, for the most recent eia report the build wasn't as large as it has been in temz of how much crude oil is going into these storage tanks like the ones behind me. make no mistake, storage still filling up. we just got off the phone with brian bush from genscape and according to the most recent measurements, 63% of shell capacity in cushing is taken up right now. 63%. we're at 15 million to 17 million barrels away from being at full operating capacity here in cushing. we're also just a little just over about 2.5 million barrels shif an all-time record. according to the eia numbers from earlier today. its storage capacity is 97% contracted. this is really a storage story that is playing out here in cushing, but it's actually playing out all over the country too. there are several ways that you can store crude oil. in addition to the above ground storage, ewe got salt caverns. that is the least expensive way to store your crude oil. also, crude oil tankers, which is also known as floating storage. that's the most costly but it's also something that tends to get used with foreign oil. cushing is used for storage because it's considered a less risky option. you have huge pipeline network here. also the fact that west texas intermediate deliveries are taken here. this is the reason we have seen storage filling up and it's going to be something to watch over the coming weeks, over the coming months. back to you. >> all right. morgan brennan, thanks for that. zooirchlgts zooirchlgts. >> is he a galvanizing figure both loved and criticized by many. aubry has raised an impressive $15 billion for the new venture, american energy partners since leaving the drilling company he co-founded which, of course was chesapeake in 2013. it's a real question whether he can generate any more right now. he is trying. in recent weeks i'm told mcclendon has met with both private equity investors and bank underwriters to discuss a myriad financing options. purchasing assets in california a place he is not currently drilling, putting together a blank check, special purchase financing vehicle or even going to the retail market to raise a pool per minute capital. this i'm told could be moving forward, but citigroup recently dropped out. the downturn in oil and gas prices and a troubling lawsuit from chesapeake which is suing mcclendon for allegedly stealing trade secrets, a charge he denies isn't helping matters. bonds issued by aep to fund the projects it has in other shale formations are trading at a significant discount at the moment and mcclendon's chief equity investor the energy and minerals group, run by investor john arnold, has recently had to invest additional capital to help make its appalachian project work well. we'll see if that helps matters. there could be more coming, from what i'm told. >> john arnold is the famous energy investor. sfroo absolutely. one of triplets. a son of lee raymond, formerly of exxon. well regarded. he invests in both energy and minerals. thus, the name of his company. he has a strong $3 billion investment in aep. >> he is about 39 years old. hate him. chesapeake stock below where it was when auby mcclendon stepped down and announced january left and april. the stock below where it was before his problem. also, his melee is noted in e-mail. $15.50 is a level to watch. some chesapeake guys i know you talk about this a lot of times on fast money. chesapeake is a stock that i don't want to say in a freefall, but it has been exceptionally weak lately. stwloo brian, that's an interesting point. i was taking a look at the figures as well. it's down 23% if you look at it from april 1st which is mcclendon's last day. that last day was very well telegraphed starting in january of 2013. down 123 ferz versus a sector. you see an underperformance. these are tough times in the energy be it natural gas or oil business regardless of who is in charge but we'll see what happens. i mean, like i said galvanizing figure. creative arks depress he have. >> he can get the funds together. this is the exact right time potentially to buy. >> absolutely. you know it could be a good investment. we're seeing that debate play out, whether it's going to be tough for a while or andy hall the investor saying he sees a bounce coming probably soon. >> all right. kate thank you. >> thank you. let's get to dom for a market flash. dom. >> what's happening right now, melissa. we're watching shares of net flick. the stock did fall after comments made by the company at the morgan stanley tech media comconference. netflix saying it see az slowdown of subscriber growth within the u.s. >> over to you. >> thank you very much. on deck we have scoured the nation and found five stocks thaw need to watch today. analyst calls are coming up. it's called street talk and it is next. plus a new report about fraud involving apple pay. everyone agrees this shouldn't be hung on apple, but what does it mean for the stock and the company even with the bank problem. we'll have that story ahead. and then we're going to speak with a man who gets this. decides which silicon valley start-ups are worth investing in. stay with us. ameriprise asked people a simple question: in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. >> i'm sue herrera way news alert for you out of washington. as expected the senate has failed to get the necessary 67 votes needed override president obama's veto on the keystone xl pipeline. this vote was moved up a little bit, as you know, inclement weather is coming in the washington wrar. they moved it up earlier than expected. once again, the senate wafkly has failed to get the necessary 67 votes needed to override the president's keystone xl pipeline. back to you. it is time for street talk. analyst recommendations about stocks that you need to know about. let's do it. our first stock today is t mobile. btig upping it tie buy from a neutral. they have loved the market share gains and free cash flow story. their target 42. the stocks $32.68. nearly $10 of up side seen by btig. >> this stock is up about 21%. also, keep in mind tomorrow the cfo is speaking at that morgan stanley technology conference. we have the headlines about netflix that moved the stock. pay attention to those tomorrow. next up here -- this is on the back of earnings. pack press raising it to $76 from $70. sticking with its outperform ratings. strength across the board. ip security for enterprise and consumer. also the analyst notes that they're adding $10 million in incremental revenue. it's in a new action camera and this week brian, monster week. up 16%. what day is it today? wednesday. >> it's my friday though so it sfeelz pretty good. the average target is $67 of all the analysts that cover it. pacific crest here is very very bullish on the stock. stock three kind of an you should the radar name. it is sort of evolving. that's with piper jaffray boosted the target from $137 from $136. they see it on towers watson. they also like the stock technically. >> how is it einvolve sng it is moving into the private health exchange space. they signed up a new high profile customer time ink. zoolt both interested in a leverage buy-out. ann was seeking a sale. no word on how far these talks have progressed. >> it we want down and came back up. almost two and a half years ago, the stock more than it is today. wow. the rth retailer is up 70% in the same time. >> trouble. >> our final stock and under the radar name of the day. cvr refining. $3 billion market cap company owns a big oil refinery. upping it from a buy to a neutral. boosting their target to $25 from $18. this, though, keep in mind, was a $35 stock in early 2013. >> this is a carl icon name brian, as you know and the stocks -- >> i had no idea. >> oh, really? yeah it is. >> had stock has had awe roller coaster ride. more so than the rest of its piers. from may to about january, it was cut in half. recently it's been getting its mojo back. about 19%. the latest quarter did miss on eps. this is one to watch. >> icon has invested in that flame. >> street talk down. some banks are reporting a growing number of fraud cases. according to the "wall street journal", 6% of apple pay transactions may involve fraud. that's one-ternt of 1% of traditional credit card swipe transactions. is this any risk at all to apple? let's ask long-time apple shareholder michael. necessity own about 800,000 shares of apple. i want to make it clear, no one is saying apple pay has a fraud issue. it's a banks issue. if i got a credit card and spongebob squarepants' name and put on an apple pay, it's -- it's the issuance issue. the problem is apple pay is the one that utilizes it and is getting the headlines. are you concerned about it at all as an apple shareholder? >> you know we're not very concerned. it's a headline rescue as you say, but reality, of course is people have been stealing credit card numbers since the beginning of credit cards, and people have been stealing smartphones since their beginning as well. like the girl in the flat bottom taco commercial says why not do both? you're going to have people steal the phone and the credit card and you're seeing it in these areas that appear to be pretty bank specific and pretty region specific which would suggest coordinated fraud. the bankishers are spending some time to really consequences trait on how can they better make certain that the person with the phone really should have that credit card and it's a learning curve right? you have a brand new technology and new way of delivering payment, and there's no surprise to us that they have some bumps along the road as those banks really -- >> do you use apple pay, michael? >> i don't. >> i do. i haven't used it a lot. to be honest with you, i find just swiping a credit card ease wrer. i have tried it out. the headline risk to your point is that you know somebody says, well, i really want to use it. i'm an apple person, but i'm a little bit nervous. apple needs to -- i know this is a bank issuance issue, but apple does need to figure this out if they want apple pay to become something real do they not? >> necessity do. what they can do better is to continue to help the banks verify and protect the actual cardholder. make sure that it's the right credit card paired to the right phone. you've got some cards that get checked immediately and get a positive green light. some that get slowed at a yellow. some that get stopped immediately. the more efficient that becomes and apple can help the banks do that more efficiently, the better it will be for that headline risk. ultimately, you're right, it's a bank issue, and apple thooz sort of suffer through it a little bit because they're part of the chain. >> michael you have 800,000 shares of apple. you have been holding it for a long time. at this point what part of your investment pieces is actually apple pay? it seems like wall street really hasn't plugged much into their models across the board for pay. >> yeah. nor have we. ates tiny part of this bess. we're far more interested in units of six and six plus phones. the asp driven by memory. really that total penetration in the mid teens range right now of how many apple users are using the phone. apple pay it one more reason that current apple user stay with the apple ecosystem. >> you are talking about a small 156r78 size. it's brand new technology. it's important for the long-term strength of the ecosystem, but it doesn't move the needle financially at all. >> it's a real pleasure. thank you very much. >> even though it's not really an apple issue, we did, of course, leave out to apple. they responded apple pay designed to be extremely secure and protect users personal information, banks are always reviewing their approval process. guys, hey, melissa, i want to call stock alert. i don't know if you guys talk about nsr, and we need -- this is new star. we need to get herb greenberg on the phone as soon as possible. somebody get him out of his hot bath and put him on the phone. this is the company that just lost or is going to lose a major contract according to street account. the fcc saying that they recommend -- this is big, erickson unit telecordia get the lmpa contract over newstar. what does that mean in plain english? new star is the company that basically ports telephone numbers. they have been the provider of this since 1997. according to these headlines, the fcc is recommending a different company, erickson basically, get this contract awarded over newstar for telephone number portability. the stock is down 16.5%. you can see it fell off a cliff right where these headlines began to come out just minutes ago. herb greenberg has talked about this name for more than a year melissa, being the rescue of hey, if they don't get a contract or this contract they're in big trouble. again, i just want to couch that will street account saying erickson saying that fcc is going to recommend that new star does not get it. a big deal melissa. >> yeah, if you back up the chart to 12 months the stock is down 41%. herb is really sounding the alarm way back when when you said they can lose this contract. just another -- i don't want to say nail in the coffin but another leg lower for newstar on the back of this. >> our crack production staff will be trying to reach mr. herb greenberg. if you are out there, phone in. you know the number. it's all 2number. it's all 2s. we're kidding. we're going to take a short break. back after this. now with the xfinity tv go app, you can watch live tv anytime. it's never been easier with so many networks all in one place. get live tv whenever you want. the xfinity tv go app. now with live tv on the go. enjoy over wifi or on verizon wireless 4g lte. plus enjoy special savings when you purchase any new verizon wireless smartphone or tablet from comcast. visit comcast.com/wireless to learn more. just a follow-up here on neustar. it's down 16.2%. i just want to clarify exactly what is being said here. there are headlines out there, some of them are reasonably conflicting. dom chu has the fcc statement. hopefully he can get on tv here soon and tell us exactly what thef cc is saying. the bottom line is neustar has had the telephone number portability contract since 1997. there are headlines that suggests ericson has gotten the contract vis-a-vis the fcc, will get the contract or is maybe perhaps being discussed as possibly getting the contract. so there's a couple of different headlines out there from street account, from bloomberg, whatever else you might say, as to how much it's assuredn eustar will not get the contract our may not get the contract. the stock as soon as these headlines came out, it looks like melissa, the market -- and there were headlines to the effect of they're not going to get the contract anymore. >> right. >> but apparently there's some conflict about whether or not the fcc has made a decision or is thinking about making a decision. >> ericsson's stock is telling me it has not made a decision. it may be a case here because ericsson stock is down half a percent or so so really not moving on the back of this. it could be a case where this contract means much more to neustar than it could ever mean to ericsson or it could be a case where the fcc hasn't made a decision. we are only see ging the reaction in stairs of neustar. >> i believe now we have gotten herb greenberg out of the hot bath so he's joining us now by telephone, herb. herb, and i just want to make this triply clear -- here comes dom chu hopefully with a microphone on. we don't know if they're going to lose the contract or if they might lose it or if thef cc is talking about them losing it but you have talked about the risk ton eu neustar. your take? >> the fcc still has to vote on this. this is just a draft proposal from the wire line competition bureau, but the fact that the fcc -- that's part of the fcc. the fact that marry makinge they're making this proposal that the whole thing goes away is what's so stunning about it because washington being because, you would expect naturally that, you know, someone would want to, you know make sure that if there were a transfer of this business this whole contract to another entity that things wouldn't get screwed up. that someone wouldn't have blood on their hands for letting this whole contract go over. >> this is important. we have dom here. i want to clarify why the stock fell. there was a headline that said basically that ericsson has been selected for the contract but dom chu, you have thef cc statement. what do they say. >> it was dated today. i want to say from the actual statement they are saying the action today, the wire line competition bureau is circulating a draft order to the full commission within the fcc which, if adopted, would initiate contract negotiations with telletelecordia. >> that's huge. >> to serve as the next lnpa. so this is a draft order that has not yet been approved or even seen by the full commission, and then if it even were to be adopted would then initiate contract negotiations with this division of swedish telecom giant ericsson. >> neustar has been working very hard to try to convince the bureau that if there's a change all hell will break loose. they have been trying to make that point because they have a lot to lose. they have been trying to build the rest of their business the noncontract part of this business so they have something else to fall back on but this has been a big part of their business. they've had this for many many many years. it would be a big loss if they lost the whole thing. >> is this the majority of their revenues, herb? >> i don't have it in front of me. >> it's a large chunk. >> dom, awesome job, buddy. you got the actual fcc statement because the headline 30 minutes ago suggested neustar had lost the contract. thank goodness for you. if adopted, it looks like nothing is decided yet. thank you very much. melissa, a little battle. what's on "fast money" tonight? >> check out orex. weird chart moves. we'll get down to that mystery, solve that. >> i'll be back on monday. thanks for watching. "closing bell" starts right now. every day, our teams collaborate around the world to actively uncover, discuss and debate investment opportunities. which leads to better decisions for our clients. it's a uniquely collaborative approach you won't find anywhere else. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? hi and welcome to "closing bell." i'm kelly evans at the new york stock exchange. >> we're ready to go. i'm bill griffeth. it is hump day. happy hump day. as has already been established with many viewers on twitter today, we had the beige book come out a little while ago. all kinds of things going on here. beige book came out at 2:00 eastern time. we'll talk about what it said in a moment. oil prices just took off, but the stock market did not follow suit and we're near the lows of the session. >> it's an important correlation. we've seen weakness in