In houston. Energy is a big story today as it has been every day recently. We will get to brian in a minutes time. First we begin with the growing fears of how vulnerable airlines are to hackers and whether a plane can be brought down by a cyber attack. In San Francisco, live at the largest Information Security event in the world, what are we hearing . This is as you say a big Cyber Security conference. They are just about to open the doors for the beginning of the conference, but controversy and researcher Chris Roberts was on the way to the conference last week. He tweeted out information alleging that he can hack into airplane cockpit systems based on some of the infrastructure inside an airplane. He tweeted that out on wednesday when he arrived at his destination on wednesday. He was met by security at the airport and detained by the fbi for several hours of questioning and conversation. He also said that on saturday as he was on the way here to San Francisco to come to this event, he was given notice by United Airlines that he was not going to be able to be allowed to fly on united. United banned him from flying on the airline based on the tweets and the allegations that you can hack into the systems as a passenger on the airplane. I spoke to Chris Roberts a few moments ago and heres how he described how it happened. I was flying to syracuse via chicago from denver. Tweeted when i was midpoint between denver and chicago and london into syracuse was everyone was told to sit down. I got taken off the plane. Very civilized and nice guys and a third joined them and we had a several hour lengthy conversation. We have talked to the fbi about this and they have given us an official no comment on Chris Roberts and the allegations. We have reached out to united. They said there is no truth to the allegations that you can hack into the systems. Because chris robbers was putting out the tweets in the Public Domain they decided it would be inappropriate to allow him to fly on united. When i was talking to chris, i asked him if he will ever fly united again. As far as he knows, he has been banned for life. We will have to get more information. He was able to get here flying southwest. Thank you very much. Lets bring in phil as well. You cover the airlines for us. Whats your take. What are u. S. Carriers saying about this . I asked people and we have done stories like this in the past. Pretty much what you hear is not only the airlines but the plane makers as well. The ifd systems inside airplanes or the Inflight Entertainment or communications systems, those that are used when you are trying to send email in the air, those are separate and kept separate from the flight and Navigation Systems and therefore it is improbable for somebody to go through the ife into the flight and navigation system. Everybody said you cannot make a 100 guarantee, but they have the protections in place to keep planes from being hacked while they are being flown in the air. I want to change gears because there is lots of news vonding gm today. You have the Green Light Capital taking a new stake nearly a year after selling off the position and also its rivalry with toyota with new sales figures. What are the new numbers telling us . Gm released the q1 global sales up 1. 9 . When you look at the break down in terms of the four Major Regions of the world, china and north america up 9. 4 and 6. 1 . Those are the number one and number two markets in the world. They easily upset the weakness and europe continues to be a mess. They are making improvements there, but overall they are struggling in large part because look what happened. They have been kput in half. As you look at shares there is the potential with sales topping 2. 4 million worldwide. There is the potential to make it to 10 million vehicles in annual sale this is year. That would be a record. Its not enough to catch up with volkswagen and toyota, but it will be showing a nice gain if they can sustain this. If is the question. Thank you very much for that. It is a monster week for earnings. Lets begin with harley davidson. The iconic motorcycle maker beating on the bottom line but revenue missing expectations. Sales outlook for the year and the stock as you can see is getting whacked to the tune of nearly 9 . Under armor is under pressure down by nearly 5 . The apparel maker meeting profit and revenue estimates, but the cells outlook is disappointing. The stock is still up about 23 this year. Lockheed martins profit dropping 6 because of lower military spending. They managed to top eps estimates, but revenue fell short. A common theme this season falling 5 . The stock today only down by about 3 10 of 1 . As we mentioned yesterday and continue to see today, one trend is emerging this season. Companies missing Sales Estimates and one factor to blame here is the stronger dollar. Era sizen is taking a look at how the dollar is impacting earnings. What have you seen in. The excuse du jour. Every company with any presence overseas is feeling a hit. Even under armor that has 12 of the sales abroad. Three examples to show us. It gets 2 3 and saw an 8 drag from the dollar on top of that. It expects it to shave 80 Cents Per Share higher than 60 cents it predicted. They called that a big impact. Du pont a company that sells chemicals and seeds said sales fell 9 and 6 of that was the drag from the strong dollar shaving 25 cents a share off of earnings. A challenging currency and market environment in the words of alan coleman, the ceo. Kimberly clark another example. They noted substantial head winds from currencies in the press release. The impact there and a 9 drag on sales in the quarter. It could be as much as a 20 hit for earnings for the year. 20 . Now the reaction results that shine through, like Kimberly Clark and nike for companies that have headaches and challenges, like ibm or harley davidson, the strong dollar is just exacerbating the trouble and gives investors another reason to think about selling. You said it. The excuse du jour and in many cases its justified. Lets go out to sue herera for breaking news. That are comes to us from the department of justice. The department of justice today is charging a futures trader with illegally manipulating the stock market contributing to the may 2010 flash crash. That is the day when the dow jones dropped 600 points. Here are the details. They are seeing United Kingdom and they were arrested in the United Kingdom and they are seeking extradition and charged in a federal criminal complaint with one count of wire fraud and ten counts of commodities fraud. One count of spoofing a practice of bidding or offering with the intent to cancel the bid before it is actually eh cuted. That is called spoofing. He allegedly used an Automated Trading Program to manipulate the market in the mini s p 500 futures at the cme. He employed according to the doj and the allegations, dynamic layering technique to protect the price by allegedly placing simultaneous large volume sell orders at different price points known as layering. He created the appearance of substantial supply in the market when there was not substantial supply. She charged with contributing to the may 2010 stock market flash crash and we will get you more detailed when we get them. Meanwhile, lets go down to the floor of nyc. Whats your reaction to the news . This is very interesting and out of left field. The sec did a very large and comprehensive study of the causes of the flash crash. Their conclusion was much of the problem did indeed start in the e mini futures and implied several times that several orders throughout various points of the day for various people including a mutual fund manager, but they never implied that anybody was engaging in anything that was abusive or manipulative. They are legal terms under the 1930s. Thats obviously what they will go after. I would like a little bit more about exactly whether this person was doing all of this on this one day. It sounds like there multiple charges meaning it was more than one particular day going on. These spoofing allegations have been levelled for a long time in the market. Its the layering allegation that is the doj is pointing to specifically. They are putting it in quotes called dynamic layering and apparently as part of this scheme, he allegedly modified these orders and put in an enormous amount but modified them so frequently they remain close to the market price and canceled the orders at the last minute without executing them. It sounds like from this it is implying that he had an enormous amount of orders outstanding. Heres what they have to show. What they talk about is multiple sell orders at different points. There people who have that all the time in the market and there is nothing illegal about it, however if he had the orders with no intention of executing him, but to move the market around, that would be abusive and manipulative for sure. The difficulty would be being able to prove that he was clearly trying to move the market around with no intention of executing a lot of orders. They used the words large volume, different price points frequent trading and very close to the market price. There allegations here that indeed he did try to manipulate the market and that helped to contribute to that flash crash. Come in here. Thank you. Listening to the conversation, there so many Unanswered Questions and a lot of legal things here. Heres the big question. How would it be possible that one individual can put these orders in that would roll the market over into a false bid period. I find it difficult to believe that one person and are they with a big bank or with a High Frequency firm. Who would have the power to put that order flow in or fake order flow or allegedly they would have the power to manipulate prices. Let me give you an example. If you go to a car dealership and they have a ka marro on the lot and i say i wanted 1,000 and i put in the orders and others are turned away and prices spiked and i say just kidding and it goes down. Its a simplistic analogy. Who is this one person that would have the market moving and Market Making ability to move the market this much . They use the term Automated Trading Program. He had an algo rhythm in there. This is the person they are referring to and thats what he did. It was widely discussed that a poorlytimed algo rhythm could have been contributing. Nobody ever talked about a guy over in england. This is a little bit of a surprise. Poorly timed. Think about what we have talked about already. You talked to the guy in california who said he hacked into the United Airlines flight. We are talking about one person who was able to create an algo rhythm to manipulate the stock market. In one block of television we talked about manipulating an airline with human beings aboard to manipulating a stock market. Whatever this might be is ridiculous. It is ridiculous. There a lot of questions we need answers for. Thank you very much for all weighing in and thank you for the breaking news as well. If you hear anything more. I tried to read through the rest of it if there is anything more substantial, i will bring it along to you. Back to you. Thank you. Americas Energy Future they are gathering to discuss how to deal with the plunge we had seen in oil. You can clearly see Brian Sullivan is there with them in houston. Brian . Normally in an oil field, i have a rig behind me and im in a nice hotel or a suit. Its a big conference. The executives and ceos are there. Pioneer ceo will join us the. Here is the biggest player in the middle. One of the biggest in the world. We will ask him where he sees oil going and the layoffs and what will happen in the industry. A lot to talk about. Talk about dynamic layering. We will door that in this show and we are back after this. Take a look. The lightest or nothing. The smartest or nothing. The quietest or nothing. The sleekest. Sexiest. Baddest. Safest,. Tightest,. Quickest,. Harshest,. Or nothing. At mercedesbenz we do things one way or we dont do them at all. The 2015 cclass. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz Financial Services. Amazon introducing a total of travel bookings. The shares are up by 7 10 of 1 . Up by nearly 10 to all time highs back to the ipo in 2009. Back to the Network Security company on earnings and revenue. Israel offering to buy myelin for 40. 1 billion in cash and stock. They will be joining us with more on what this deal means for investors and the entire pharmaceutical sector. Since oils nose dive in october, many oil and Gas Companies have taken a beating. Pioneer Natural Resources have tumbled 24 . Stock has gapped team up more than 16 and it is down today. Brian sullivan is live in houston for a one on one. Over to you. A year and a half ago, you and i stood in an oil rig and 18 months later its amazing how much things have changed. In laymans terms, what in the heck happened to set prices spiraling . Its great to see you from our days in west texas. Obviously saudi arabia made a change. We had a supply and demand mismatch last year. Too much supply. A lot over the u. S. Demand was down about 700 billion barrels a day. They decided not to repeat. They acted as a swing producer. This time they said we want market share. Simple as that. Let the u. S. Supply be the new swing producer. Its interesting because we look at pr production and we get so many tweets from viewers. If oil prices are down by 50 , why is product at an all time high . Is it a giant game of oil chicken . It takes about six months to see a new hoff zontal from the time you saw in west texas to the time the welcomes on and production takes about six months. We have seen production five weeks in a row stop growing. It flattened at 9. 4 Million Barrels a day. We are starting to see the effect from 1600 oil rigs to 730. It will drop more and in the next few week you will see u. S. Production start declining. Do you believe in six months time we can see 9 mill bon barrels a die. 9. 1, 9. 2 billion barrels a day. Thats a lot of oil. Thats why we need the ban lifted. Is there a real risk that storage could be filled up . If that does happen wow. We are selling and prices will collapse. There is a small risk. I think its low and oil bottomed at 42. We have the iranian negotiation that is our president wants to do. 700,000 barrels at least over the next 12 months. We probably have another 8 million to 9 billion barrels a day storage. The ceo will speak about it later. Oil exports. Have you been to washington to talk to high ranking officials about ending the ban . I went about three weeks ago and we are speak to the house and senate and testified in the house. Just recently. Also we are seeing all the officials in the obama administration. We are making progress and educating people and becoming more and more optimistic. Can you put odd says on it . About 40 to 50 . A low chance and because of the Election Year next year and High Percentage by early 2017. Every show that grace our show. 12 months from now, will ois prices be higher or lower . Definitely higher. Next time we will go back out in the field. I prefer that. That makes two of us. Back to you. We will get back out to you shortly. Vaccines and autism. Is there really a link . Will the Antivax Movement stay locked in a bitter battle. A new report is out adding more fuel to the debate. You will need to hear this. Many are using social media like twitter trying to become the next big investing stars. A valuable investing tool or a mine field . Still ahead. It took tennis legend serena williams, fencing champion Tim Morehouse and the rockettes years to master their craft. But only moments to master paying bills at chase. Com. Depositing checks at the atm and transferring funds on the mobile app. Technology designed for you. So you can easily master the way you bank. You can call me shallow. 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You can see the impact with a lot of issues moving up a bit. The threeyear note and lets look at a march 1st chart. They seem to be losing ground and paying attention to the 119 handle for a close. Back to you. Thank you very much. Rick santelli. 50 a great new series is online and its set and ready for clixs on cnbc. Com. Its about marijuana and money. Heres a look at what you will find online. We need an accountant so bad for this industry. In 2013 i started a separate firm to service the marijuana industry. I now have well over 100 Marijuana Dispensary clients and grow operations. Today my client base and marijuana includes people wh