welcome to "cashin' in." our crew wayne rogers, jonathan honoring, michelle fields and juan williams welcome. we're living in a country where more and more are riding in the cart and fewer pulling the thing. here are the number even john stewart can't distort. in five years the federal government will hand out $14 trillion of your money at the same time nearly half of all americans pay no, no, federal income tax at all. america was once filled with proud workers and businesses eager to hire them, becoming a nation of freeloaders looking to get paid without getting off the couch. as cato pointed out in 35 states it pays more to get to the unemployment office than to the job site. the united states of america is mor foing into the united states of entitlement. some big corporations rely on food stamps and the government announced plans to give prisoners free cell phones. where are we headed when food stamps and obama phone ladies are rubbing elboss are for milk. >> the entitlement state continues to roll. welfa

the number one business clock continues with "cashin' in." stay tuned. >>> parts of the world on fire and obamacare is flat lining here at home. where is president obama? >> do you send ambassador rodman on your behalf? >> mr. president, the stuff is hitting the fan. should you be yub yuking it up with comedians or working? >>> plus are young celebrities like this bad role model for kids? you're acting like a spoiled brat, your buddy lindsey is a loon and miley is a mess. maybe our kids should stop looking up the people like this and start looking for a job instead. >>> then the malaysian airline story captivating the world over and "cashin' in" may have a way to make sure this never happens again. the number one weekend cable show starts right now. >>> hi, welcome to "cashin' in." our crew this week, wayne rogers, michelle fields and juan williams. welcome, everybody. is the left out of touch or out of their minds? >> it's time to end their obsession with destroying the affordable care act. >> nancy, maybe the gop is obsessed because million

"cashin' in" starting right now. >>> i'm eric bolling. welcome to "cashin' in." welcome everybody. taught to take instead of make, this week a judge smacking down a teen from new jersey that was trying to shake down her parents. plus the administration's pajama boy campaign and it's the life of julia campaign teaching people how uncle sam can help you from cradle to grave. sure looks like they want us to pay for their entitlement lifestyle. >> we no longer live in a free soet. instead, we live in a society where everyone expects everything to be free. you don't have to work hard anymore, because i all you are so do is go to the government's treasure chest. the president is the one who wants everyone in the america to live the life of julia. so it's not surprising. >> you're raising this -- ron is 7 years old. >> 7 years old. he's got to be a maker. he's got to follow after the footsteps of his mother for sure, but you also can't have a government that's contradicting the lessons you're trying to teach your family and your children. this is a complete shift in terms of the governmen

when "cashin' in" trends, you trend. watch this. j.j. author writes we must teach our kids why america is great so they can keep they are that way. obama is more suitable as an snl cast member than president. >>> coming up the clocking ticking on the obamacare deadline and the white house is making its final push with goofy ads like this to get you enrolled, but will elmo and the terk really work? >> about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. (meowright on cue. (laughs) it's more than just a meal, it's meow mix mealtime. with wholesome ingredients and irresistible taste, no wonder it's the only one cats ask for by name. visit truecar.comoney,com,t and never overpay.yer's remorse. a good deal or not. "ok

when "cashin' in" trends, you trend. watch this. j.j. author writes we must teach our kids why america is great so they can keep they are that way. obama is more suitable as an snl cast member than president. >>> coming up the clocking ticking on the obamacare deadline and the white house is making its final push with goofy what does everything mean to you? with the quicksilver cash back card from capital one, it means unlimited 1.5% cash back on everything you purchase, every day. it doesn't mean, "everything.. as long as you buy it at theas station." it doesn't mean, "everything... unl you hit your cash back limit." it means earn 1.5% cash back on every purchase, every place, every occasion, all over creation. that's what everything should mean. so consider... what's in your wallet? that's what everything maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in

"cashin' in" reports you decide. first, are markets holding steady in the faces of very serious worries. get the no-fear stocks leading the way. so i can reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. >>> have no fear, our informers have the no-fear stocks heading up. >> wall street analysts are telling me they like this etf that's international companies doing buy backs. >> impressive performance but an awful lot of that is nothing but leverage in a rising market. >> you only have to look at my tie to get an idea of what you are in favor of. gold core? >> this is a company that produces money and it's more solid than janet yellen of the fed

welcome to "cashin' in." our crew wayne rogers, jonathan honoring, michelle fields and juan williams welcome. we're living in a country where more and more are riding in the cart and fewer pulling the thing. here are the number even john stewart can't distort. in five years the federal government will hand out $14 trillion of your money at the same time nearly half of all americans pay no, no, federal income tax at all. america was once filled with proud workers and businesses eager to hire them, becoming a nation of freeloaders looking to get paid without getting off the couch. as cato pointed out in 35 states it pays more to get to the unemployment office than to the job site. the united states of america is mor foing into the united states of entitlement. some big corporations rely on food stamps and the government announced plans to give prisoners free cell phones. where are we headed when food stamps and obama phone ladies are rubbing elboss are for milk. >> the entitlement state continues to roll. welfa

"cashin' in" reports you decide. first, are markets holding steady in the faces of very serious worries. get the no-fear stocks leading the way. >>> have no fear, our informers have the no-fear stocks heading up. >> wall street analysts are telling me they like this etf that's international companies doing buy backs. >> impressive performance but an awful lot of that is nothing but leverage in a rising market. >> you only have to look at my tie to get an idea of what you are in favor of. gold core? >> this is a company that produces money and it's more solid than janet yellen of the fed produces. >> they're having trouble producing money. i kind of like it though. >> kind of. that's not a full endorsement. that's it for "forbes on fox." keep it right here, the number one business show continues with eric bolling and "cashin' in." >>> america the super power becoming america the pushover? >> we do not need to trigger an actual war with russia. >> none of what we're saying is meant as a threat. it's not meant in a pers

"cashin' in" reports you decide. first, are markets holding steady in the faces of very serious worries. get the no-fear stocks leading the way. [ chilen yelling ] [ telephone rings ] [ shirley ] edwa jones. this is shirley eaking. how may i help you? oh hey, neill, how areou? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirle] he's right here. hold on one sec. [ malennouncer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on line one. ok, great. [ male announcer ] and we do. it's how edward jones makes sense of investing. ♪ ♪ ♪ ♪ abe! get in! punch it! [ male announcer ] let quicken loans help you save your money with a mortgage that's engineered to amaze. thanks, "g." >>> have no fear, our informers have the no-fear stocks heading up. >> wall street analysts are telling me they like this etf that's international companies doing buy backs. >> impressive performance but an awful lot of that is nothing but leverage in a rising market. >> you only h

the number one business clock continues with "cashin' in." stay tuned. >>> parts of the world on fire and obamacare is flat lining here at home. where is president obama? >> do you send ambassador rodman on your behalf? >> mr. president, the stuff is hitting the fan. should you be yub yuking it up with comedians or working? >>> plus are young celebrities like this bad role model for kids? you're acting like a spoiled brat, your buddy lindsey is a loon and miley is a mess. maybe our kids should stop looking up the people like this and start looking for a job instead. >>> then the malaysian airline story captivating the world over and "cashin' in" may have a way to make sure this never happens again. the number one weekend cable show starts right now. >>> hi, welcome to "cashin' in." our crew this week, wayne rogers, michelle fields and juan williams. welcome, everybody. is the left out of touch or out of their minds? >> it's time to end their obsession with destroying the affordable care act. >> nancy, maybe the gop is obsessed because million

we continue with eric bolling and "cashin' in." >> ask not what your country can do for you, ask what you can do for your country. >> wrong president kennedy, now it's what can your country do for you. it created an entitlement nation. suing your parents for child support to the dude we brought you last week. it's teaching our kids to be takers instead of makers. jfk would be ashamed of his party now. what does this say about the law when even big

art cashin just came by and said the support level for the nasdaq, 4131 is the area to watch today. movers right now, accenture, gamestop, citi to the downside. certainly that nz news is moving if markets. >> cashin's point, that would be a double bottom intraday. scott wapner, we will see. >> the activity of the momentum names, carl, is what's driving the action. at one point of the day they're down, the overall market is down. they try to come back. it's watching those stocks as a whole that gives you a good idea of where we're going. >> we know you're going to be our guide. at least the next 60 minutes. >> have a great rest of the day. >>> welcome. here's what we're following today. tale of two cities. the street has loved the stock but what now following the fed smack down. super analyst mike mayo is here live with a bombshell. inside scc, a former trader speaks out on the markets and why he decided to leave the embattled firm. as the nasdaq keeps sliding investor dan niles on the stock's heed buy or just plain avoid? let's meet the starting lineup. pete, josh, weiss, and murph.

the number one business clock continues with "cashin' in." stay tuned. >>> parts of the world on fire and obamacare is flat lining here at home. where is president obama? >> do you send ambassador rodman on your behalf? >> mr. president, the stuff is hitting the fan. should you be yub yuking it up with comedians or working? >>> plus are young celebrities like this bad role model for kids? you're acting like a spoiled brat, your buddy lindsey is a loon and miley is a

welcome to "cashin' in." welcome, everybody. remember the surfer dude dining on lobster and sushi with your money from food stamps? now he saying don't blame him. blame uncle sam. take a listen to his reply when asked if he is take advantage of the system. >> apologize for the way it is set up? i don't feel like i needo apologize for it. it is just the way -- seems like i'm getting like -- the ruler on the -- ruler on the hand. >> maybe he needs the rule other the hand. michelle, is he right? is the system set up for this kind of waste, fraud and abuse >> yes. you know what he is doing to xpayers is wrong. we shouldn't be i will have 235 -- vilifyg him. he thinks what he is doing is right. the government made living off welfare a lifestyle. surfer dude is nancy pelosi's ideal model citizen. he doesn't have to suffer from job loss. he gets to chill on the beach, trying to become a musician. he eats healthy which, of course, michelle obama would approve of. it is all paid for by taxpayer dollars. it is crazy. >> exactly. john, we

here comes eric bolling and "cashin' in." >>> the united states of america or the united states of entitlement from her -- >> everybody in cleveland got obama phone. >> to him. >> tax dollars. >> to them. prisoners getting free phones from the feds on your dime and it doesn't stop there. big corporations now depending on food stamps for the bottom line. we report, you decide. plus, it's obamacare versus is the free market and our liberty hangs in the balance. the supreme court slamming the gavel on companies opposed to obamacare for religious reasons suggesting they stop whine and start paying up if they don't like

art cashin made a point, watch the trading pattern again today, and it happened again. we had a rally on the open this morning, as we've had lately, and it just faded, especially around 1:00 eastern time today when the five-year note auction results came out. then the sell-off intensified, and it looks like we will go out near the lows of the session here. another reason would be the dollar/yen carry trade which sara eisen will spend a whole hour on, won't you, sara. the five-year note, a strong demand at a higher yield. anybody who bought into that five-year note auction is turning a profit. we're at 1.7% on that five-year note. then there's king digital, the high profile ipo that got crushed. down 15% now as we're going out on the day at $19 when it priced at $22.50. i'm guessing you didn't by king digital. >> not a big fan but certainly powerful earnings as they came to bear on the market. >> are you worried about the ipo market and its impact on the markets if we start to have some weak offerings like this? >> that's interesting, no. i think it goes back to the pric

. >>> when we come back, art cashin with his market words of wisdom ahead of the opening bell. one more look at the premarket and we'll get the opening bell in ten minutes when "street signs" com"squawk on the street comes right back. comes right ba. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ is really what makes it slike two deals in one.he $1,000 fuel reward card salesperson #2: actually, getting a great car with 42 highway miles per gallon makes it like two deals in one. salesperson #1: point is there's never been a better time to buy a jetta tdi clean diesel. avo: during the first ever volkswagen tdi clean diesel event get a great deal on a jetta tdi. it gets 42 highway miles per gallon. and get a $1,000 fuel reward card. it's like two deals in one. volkswagen has the most tdi clean diesel models of any brand. hurry in and get a $1,000 fuel reward card and 0.9% apr for 60 months on tdi models. >>> apple is reportedly pushing record

art cashin was over here talking to us about that. much will depend on how we finish the session. we have seen it fading into the close the last couple trading days. the nasdaq is only up 3 points. and the s&p 500 adding about 7 this hour or 0.4% to 1864. >> all right. let's get to our "the closing bell" exchange. happy belated birthday to patti edwards. we have mark, drew, john stole fuss and welcome back to rick santelli as well. >> patti, a few steps forward, steps back. we are sort of in a herky-jerky kind of market environment right now. what do you make of this? >> we're thinking what you're see something three steps forward to one step back as opposed to the two steps forward. a little bit of progress, not a huge amount. if you look at the data this morning, some of it was good and some of it was controlled by weather. >> which we're getting snow today. well, stab is gomebody is getti today. >> do you mean with regard to the housing data? >> you have consumer confidence showing some of the best readings in six years and yet you have got weather driven housing reports. you k

art cashin of ubs joins us on the floor. the chatter, biotechs rebounding and stocks shaking off the last few days of losses. what are you hearing? >> so far, sara, it's pretty much a relief rally. traders on the floor look at odd things. the s&p and nasdaq both spiked on the opening but they failed to get as high as the opening yesterday so that's kind of an inside day. that tells me that the market is a little uncertain here. it's checking its own vital signs. taking its own pulse. taking its own temperature. do we feel strong enough to go and make new highs? do we feel like we're going to break out here and there's some uncertainty as they continue to test. it would appear we got a boost this morning out of europe even the russian markets bounced. people think crimea's not a major burning issue anymore. for today. >> but with troops massing on the border all week. art, fatigued is how some people describe the market at the moment. bank of america says there's near-term vulnerability, but as far as the vital signs are conc

. >> you are not what art cashin would call buy the dipper. >> maybe i'm just a dope as they say. >> but think about it, all the different worries that there are out there with the emerging markets, you know, the situation with russia, you could add syria, anything out there, and we're still only 1% to 2% away from all-time highs for the major averages in the u.s. market. >> based on the u.s. data, we're finding reasons to buy it. we know the u.s. is so far ahead of everyone else as far as the recovery time. now we're starting to fear china. that's a big worry. they're a huge supplier and consumer in the world stage. if they show signs of slowing down, can the u.s. withstand that? >> any other individual names or sectors you'd choose to play? >> i think the momentum names are still -- it's too easy not to play them really. you start to see these moves. those are the ones you have to buy the dips. you see the rotation back into them quickly and when they do they have monster moves to the upside. you think it's going to have the big flush, it doesn't happen, and they buy the dips. >> s

art cashin from the floor and myself were discussing it. that would be ukraine. and for me, i think ukraine is just a passing blip. i don't think it's going to be there next week. yeah. that's all i'm seeing next week. if you're short, you take advantage of it this week. but look for a bounce next week. >> pete, how worrisome was today's move? >> there was a solid sell-off. but when you look at the financials, down about 1%. the energy, down 1%. the chips, down a little more. they've been outperforming. one thing that really stood out for me was the monster spike. we got something like this back in late january that hung around for a while. and hung around all the way until february 14th. we got up over 20. we got up to 21. here, today, we get up to 16. pretty major spike. to steve's point. we're talking about right now, economically, china. all of the political issues and the unease right now in the market, it's ukraine. and i agree with you. that's going to subside and give us opportunities to buy down there. >> karen, what gets the credit for what happened tod

that show "cashin' in," 11:30rrw tomorrow morning.ead bob's head will explode if he watches it. is it now the united states ofof entitlement and we're going to talk about obamacare's war onar businesses. here is a little taste. >> biggest bang for the buck or how have getting a job in look at this more steelworker on a girder, working his life. but he's making a a contribution to the economy, to life, tocono society. or just a handout for the entitlement class? >> what nancy pelosi doesn'tass understand is no one benefits when people's rights arehts violated. >> that's not nice. >> i'm talking about -- >> jonathan is great. >> it's a great show. j we'llch tune in. >> brian? >> it was a short time ago that i wa as alerted this conversatin took place on "the five." let's look at it.ok a >> i bet nobody is going to remember this, quisp. brian kilmeade grew up on quispn no one heard of it and quisp sent him a box of cereal this week. >> i brought that up, similar time people talk being their favorite cereal. everybody thought i had a lisp.s quaker oats tweeted me.. it's a space alie

talk to art cashin. he feels most of what we're seeing is geopolitical. >> i think it absolutely is. certainly over the ukrainian thing. kerry's going tomorrow to talk to his counterpart in london. a vote sunday. i think everyone already expects than they know what the answer will be, but then all of this chatter back and forth between the u.s. and eu about the consequences for russia if, in fact, this happens. so it's creating nervousness. rightly so. >> and almost the end of the week. if you'll have a dicey weekend, people want to get out of the market. >> get out, and raise cash. absolutely. >> kenny, thanks so much. appreciate it. ty, back to you. >> sue, kenny, thank you. >>> housing on the mend and more and more renters are hoping to buy. the question is, can they? diana olick joins us from washington. hi, hi, di. >> hi, ty. renters in particular, are getting more confidence in the housing market. 10% of representers in the nation's top 20 markets said they would like to buy a home in the next year

we're going to be talking to art cashin of the show. he's going to tell us what worries him about this market. >> always good to hear from art. you can catch that on cnbc.com in half hour. >>> still ahead, yesterday mike murphy and pete najarian battled over biotech. today it is round two. up next, find out what stock these guys can't agree on now. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade. all on thinkorswim female announcer: what will you man:with your new i'm getting a camera!? - i'm getting an espresso maker! - i'm getting a new smart phone! female announcer: during sleep train's big gift event get a $200 best buy gift card with purchase of selected beautyrest, posturepedic or tempur-pedic mattresses. or, get 24-months interest-free financing. - a new tv... - a laptop... -

we want to bring in art cashin, director of floor operations at ubs. we have had this conversation many times, art. >> yes, we have, going back to the flash crash and before. >> yes. but to what degree is he changing the conversation on the floor today if at all? >> no, i think there's a chatty fallout. i mean, it was an obvious effort to promote the book. so you want to say the most ear-catching phrase you can. and a rigged market is a prettier catching phrase. but many of the multidecade veterans like me around are not particularly fans of high frequency trading nor of the rebate system that's helped build them. in fact, well, you and i have had this discussion, i think that was primarily a reason for the flash crash is people began to send orders to venues that turned out to be vacant hoping that they would get a better rebate there. and, you know, i think some of the high frequency stuff is distorted. you hear numbers about them being 70% of the volume. that must mean they trip over each other because if, take mr. lewis' example, if i see you comin

let's bring in art cashin. hope you had a great weekend. >> i did. i did. brewers had a great weekend. >> ice cubes were certainly busy. no green tie we'll let you off the hook. >> shamrocks and beer. >> my bad. how do you feel about the market after the crimean referendum, is this short covering, relief rally? >> it would appear to be a good deal of short covering. i think it is based primarily on the fact that the preliminarily the sanctions look rather modest, maybe a slap on the wrist, they're going after individuals rather than sweeping. the concern had been if heavy sanctions came in, the eu could see collateral damage and they would have real problems. i think for the viewers, if you're watching this minute by minute, when we got up and through the resistance at 18:50, 18:53, they exploded up to 18:61. that was al gorithmic trading. that's the modern day equipment of buy stop ors they used to put in. and then but interestingly, as i said, to sarah offcamera, volume's not exploded the other thing i'm watching is that the safe haven trades, gold, the t

. >>> when we come back, what's first and foremost on art cashin's radar today? he'll tell us on post nine after the opening bell. >>> and following its june ipo gogo has been heading mostly skyward, a talk with the ceo of the wi-fi in-flight provider. one more look at the futures and we'll get the opening bell here in about 20 minutes. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ my mom works a

no, it is the ipo market that is frothy. >> art cashin was on the money this morning. i'm telling you he swung by post nine and said looks like we've got a lot of volume off the open to the up side. here we go the s&p 500 hits a new all-time intraday high. the industrials are up. >> into some industrials. there was a really big call from goldman. they decided unite the technologies is the one to buy and boeing isn't. this is the way i look at these moves unite the technologies is up three on the goldman upgrade. boeing is off slightly on the downgrade. that's kind of the ratio of buy to sell that i see. >> fitch taking the u.s. off of negative ratings watch. this plays to your tweet the other day, you know, let's stop and step back and focus on, you know, american exceptionalism if you will. >> right. which is, by the way, why i think you do have to circle back with nike ultimately because they are a great american growth company. remember starbucks trade 68 to 69 on the cost of coffee. these companies recharge. again, those aren't froth. they are expensive. you talk a

art cashin just came by and said the support level for the nasdaq, 4131 is the area to watch today. movers right now, accenture, gamestop, citi to the downside. certainly that nz news is moving if markets. >> cashin's point, that would be a double bottom intraday. scott wapner, we will see. >> the activity of the momentum names, carl, is what's driving the action. at one point of the day they're down, the overall market is down. they try to come back. it's watching those stocks as a whole that gives you a good idea of where we're going. >> we know you're going to be our guide. at least the next 60 minutes. >> have a great rest of the day. >>> welcome. here's what we're following today. tale of two cities. the street has loved the stock but what now following the fed smack down. super analyst mike mayo is here live with a bombshell. inside scc, a former trader speaks out on the markets and why he decided to leave the embattled firm.

art cashin will be up next. yesterday we lost 154 points and we'll make it up today. more "squawk on the street" from the nyse straight ahead. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. >>> 11 minutes until we open and it look as

. >> haven't heard from birthday boy, art cashin, to see whether -- >> yes, happy birthday, art. i think he shares a birthday with alan greenspan or almost. >> really? well he either does or doesn't. >> i don't know if greenspan's was yesterday or today. i will do some investigative journalism after that. >> you take that food and throw it away. shut it down! ♪ shut them down >> that would be america's best known bar and restaurant fixer john tapper and the host of "bar rescue." he will join us later and tell us what he sees in the economy and talk about the return of his reality series coming up. really? so our business can be on at&t's network for $175 a month? yup. all 5 of you for $175. our clients need a lot of attention. there's unlimited talk and text. we're working deals all day. you get 10 gigabytes of data to share. what about expansion potential? add a line, anytime, for $15 a month. low dues, great terms. let's close! new at&t mobile share value plans our best value plans ever for business. geico motorcycle. see how much you could save. ameriprise asked people a sim

we're leading with art cashin, the ubs floor director. always the wiseman. he's talking about technical levels people have to look forward to in the next few days. he says they got a lot of damage today. he said it in an interview with our futures now team. he lays out that the s&p would be tested again with all of the ukraine stuff. we have a lot of readers piling into our market coverage over 250,000 already. and they're still piling in. people go, what happened? so, our markets editor laid out that out, looking at what happened with the data out of china. and fears about the ukraine coming in and that also did it. finally, cleaning up the top three here. we have dr. doom, mr. farber, of the doom and groom report. you know how you had that overprotective mother who said, if you keep doing that, you'll poke an eye out. he did an interview saying, the market kept going as a bull. never correcting. and now look what's happening. if you don't correct now, you'll get big pain later. people eat up his comments. they're diving into that. very busy day on the webs

we were spoiled by the riches of art cashin following this all day because we had huge volume on the open and the close. are you saying that's an anomaly because it's related to the expirations -- >> go back to earlier this week. you had nothing going on monday or tuesday. it was almost like they were in thanksgiving. high frequency wasn't doing a whole lot. we have a lot of volatility. so what's the next mover? >> i think that's what people are waiting for. that's where traders are sitting at the edge of their seat. what's the next shoe to drop? >> what do you think, chris? >> the problem for the last couple years has been we haven't had a driver. you were talking about banks before. they're under owned. the street will definitely go into those names. is there a catalyst there? no. if anything, as we were talking about before the show, lending is pretty much flat on net. c & i ending is up, mortgages are running off. there's nothing particularly exciting -- >> but does it have to be exciting? the street is underweight. the bank index is still off 40% from when the -- >> don't look a

art cashin was just stopping by. the bias is now toward the down side as we head toward the close here and the dow is down 195 points. that's the low of the session around midday we were down 250. >> president obama threatening economic sanctions against russia, but does russian president vladimir putin even care sanctions could hurt his citizens and economy? >>> also pfizer wants to sell a version of lipitor. does pfizer really have a shot at what could be a billion dollar source of revenue beyond what it's already turned in? [ chainsaw whirring ] humans -- sometimes life trips us up. sometimes we trip ourselves up. and although the mistakes may seem to just keep coming at you, so do the solutions. like multi-policy discounts from liberty mutual insurance. save up to 10% just for combining your auto and home insurance. call liberty mutual insurance at... [ thump ] to speak with an insurance expert and ask about all the personalized savings available for when you get married, move into a new house, or add a car to yo

. >> about 50 points on the dow is what art cashin said. we've also had the fact that geopolitically things have been a little quiescent. margie, what's your take? >> every time we have a new fed chairman, it takes a little bit to get to know their personality and their way of expressing. i think she has a different style but she's been very collegial in her work at the fed. i don't think she said anything new. i think the six months is really perhaps a rolling six months rather than a six-month specific time frame. so i think we'll have to get used to how she communicates with us. >> all right. thank you, folks. nice to see you all. >> thank you. >> thanks, guys. >> happy end of first quarter. that's a holiday. 50 minutes left in the trading session here. the dow is up 135 points. was up 157 and of the major averages it looks like it may be the only one that finishes negative for the first quarter. the s&p and the nasdaq are both positive for the end of the first quarter. >>> the gm scandal deepening. we'll have the latest developments and

want to bring in art cashin, director for operations at ubs. joins us at post nine. good morning. >> good morning. >> 1845 here well enough. >> so far, so good, 1845-48. then 1841, two support areas if they were to violate that, that would be troublesome. market trying to assess what's go on here. all looking at pictures of troop movements and whatnot, the real battle is in things like currencies and what's going on. ruble has plunged. they've had to consider raising rates over there. can't make mr. putin too comfortable, but as jim maceda pointed out, there's no quick and easy diplomatic solution to this. so there's going to be little bit of a lagging and nagging concern. >> dom pointed out some of those are exposed directly with assets in russia. you see it in europe in particular. but actually, it's isolated here, isn't it? the likelihood it's going to impact in this market in a big way, even if there was a protracted stand-off that lasted for years, that may not impact this market at all. >> no, but as i say you look for the easiest areas of contagion and they te

a favorite of art cashin and guys here. they like the way he talks, his view on the world. always pay attention to him. >> jim i don't know how you're monitoring analysts' moves there, but you are. you already got your eye on this move out of b of a on kb home. >> yeah. you don't see a buy to a sell. kb homes, a lot of california exposure, prices ran up so much there's a drop in sales. so, buy to a sell typically indicates this group has had it. now i have to tell you, the group's been okay, mortgage rates came back down, we have a nice move in terms of a number of mortgage originations. i say i don't want to be in home builders if i've got analysts shooting against them. there's a wells fargo downgrade, downgrade of all financials. we need this group to be high for we take out higher levels. >> yeah. one to watch. meantime, as we mentioned, bull market turned five years old yesterday. today, it's the anniversary of mark haines calling that bottom on the market. we just -- i tweeted the clip out. it's more amazing now when you watch. >> you've got to take a look at it five

it's the five anniversary of the market bottom this sunday, and it's art cashin's birthday. mr. 805 as we call him here at the exchange at post nine. happy birthday, man. it's good to see you. >> thank you very much. i didn't know i was coming up here. >> that's more, trust me. but markets first. this jobs number, the reaction today, santelli said it was the kind of number, the 175, where the market would probably do nothing dramatic either way. >> well, i think it looks somewhat like a goldilocks number. and they're happy. we've seen a reaction in ten year going above 2.8, if it gets above 2.85 that may begin to drain on stocks a little bit. so far it's not too hot, not too cold, just right. we'll see how it holds. >> you wrote rumors of the naval activity close to the ukraine. you go along into the weekend with the rumors unsubstantiated though they may be even if the jobs number was good? >> some of the rumors are true, the russians sank a hulk to block in 25% of the ukrainian navy such as it is and the weekend always brings events. but historically people tend to cover s