Is that a signal that better days are ahead . What counters that is the fact that financials were last months weakest sector and that begins now. The transports recovering or the banks breaking . I would say that its more toward the banks and the reason i say that scott is when you look at the performance of the market so far they have been tracking far more closely with the banks and i think kevin oleary yesterday hit it right on the head when he was discussing with us the banks are intertwined with about Everything Possible that we can imagine within the market itself i think its going to have to have the financials participate. If this is a bull bear debate whether you think the transports that have lead the market down are now coming back and helping to lead the rally or the banks which have done nothing . I feel like petes point has a lot of merritt but im on the other side and the reason why is i think that banks are not really a risk thing that was spooking the markets. 16 off their lows. This week will make it six if what were seeing now continues. So ill give a little bit more to the transports. The transports telling us that the markets going up here or are the banks telling us that the market is going to go back down. They still have Pricing Power and margin upside. If you get a little bit of the lift in the u. S. Economy these stocks can take off because theyre down 30 in the last 18 months. Now that said, financials are very, very important for sentiment indicator in my opinion and a bigger representation of the s p waiting. So this group really does need to at least catch a bid and to stabilize and not go down but to stabilize. This is unbelievable. City down 24 and morgan down 20. Financials close to 3 today and the market is up almost 300 points. Thats the answer to the question. Its all about financials. Gives you the whole story. Financials have told you year to date. So far theres two concerns. The uncertainty surrounding the political election. None of the above being the best candidate. Candidates beating up on Financial Institutions and the fattening of the curve. Its financials. You have stress test coming up. Lets hope the banks get through that. A lot of people expected the fed to move in 2016. That may change though. We got a little bit better data on manufacturing today. Lets get a better jobs number on friday and the conversation could totally change and youre starting to see it to the upside and its been positive. So 1967 for the s p were going to go higher from here. Im not so sure that i said that the worst is over but i will say this. Two things, one of them is ive been diagramming the volatility index. A lot of people dont think that the volatility index means anything but i completely disagree with that. I think it does. When you go back to august, how long did we say . Went august 19th through the early part of october. Here we are again scott. Where are we on the volatility index . Its pushing on the 200 day moving average. When you go back to last year financials lagged in the first couple of months and then we started to see a little bit of a drift so if the financials do participate were in the 2000 range. I still see people coming on the network saying were going down to 1600 on the s p. Are they way off base . Why couldnt that happen . Anything can happen. Why should it happen . A break in oil. When are we going to finally decouple from this trade . Today were seeing a little bit of a decouple because oil is not making a hold up. The bigger issue is the dollar. Draghi comes out with his plan and does it live up to expectation and does it weaken the euro. You do need for the industrials to participate you need the dollar to stabilize. What are you more inclined to be a buyer of today in the stock market if anything . Well, the momentum names have worked the last couple of weeks year to date. Value is outperforming those momentum names but right now momentum is working. Youre going to have to navigate a shift back to the defensive consumer staple. Household products. Value type of names but i think overall, look, where we are the last couple of weeks is excellent. Were certainly farther away on a technical basis from 1810 than a week ago when i was highly concerned about that and i think what is powering the market higher right now is the understanding that global its almost like goldilocks is back again. The economies are in the sweet spot. Its like goldilocks is back into the market again. The ism rose today but still above 50. Construction spend with a nice rebound but the jury is still out as to where this economy is. I think people are looking at the fed. This gives us more time and we can buy ourselves a little bit of time. I would side with one part about this whole transports discussion that were having scott, where have we seen nothing but activity recently . We have seen it across every airline that there is but to continue to move up to the upside. If we see another month of the continuation of that wage growth and the fed doesnt raise rates theyre not data dependent and theyre just making it up as we go along. The nasdaq is up more than 100 points is technology. One of those areas, etfs and trades that you guys like in the area of tech that we havent talked about yet. Nasdaq has been lagging the others in terms of the rebound. What leads the nasdaq to continue these gains . Its money flow and its money flow searching out Technology Companies that are going to be able to do things in term of buy backs and in term of dividend. They have the most cash on their Balance Sheet and ultimately theyll reward the investors. Youll see a little bit of return there but back to the markets for one second, the market is trading as technically pristine as it has any time over the last 12 months and you can follow along with the technical. We talked about 1875 having to hold. That did hold. Now you raise that level to 1900 to 1905 although, you can chime in on this. You have people saying that you have bearish signals in the technicals that you need to look out for. Longer term. Pristine or worry. Shortterm. The market is up in a Straight Line the last two weeks so this is a bull market but thats a very short time frame. When you elongate and look at monthly cross over averages, the picture is not negative but its flat and its indicative of the possibility that the cycle is change over. But again things can change. And i think that its important to remember when you see people come on the network and say 1600, remember, we had a 12 sell off because of ebola. Things can come out of nowhere. Rattle the markets confidence temporarily, including election related stuff. It doesnt necessarily change the fundamentals of the businesses that were all here to talk about so when youre not fully invested you have the ability to take advantage. When you are you lose that advantage. Interesting to see the discretionary stocks do well and we didnt talk about the auto sales. Everybody has been nervous about has auto peaked. These are the two themes that people are very much focused on and it was really very encouraging today that the numbers were much stronger than expected but also to see macys rally and nordstrom rally and theyre off of very low bases but lets see if the discretionary group can take foot thats a big part of our economy as you know. Certain sli today. Heres whats coming up on the Halftime Report. Still ahead, he blew the whistle on the nyse and now hes getting paid three quarters of a Million Dollars for his effort. That whistleblower joins us with what he found and what it means for the average investor. Plus. Its a bird. Its a plane. Super tuesday. Who is likely to win . And how you should trade it. And epic wipe out. Gopro investors have gotten slammed in the stock. Is it time to give the Company Another shot or are you cruising for a bruising . Well debate it. Thats all coming up on the Halftime Report. At ally bank, no branches equals great rates. Its a fact. Kind of like social media equals antisocial. Hey guys, i want you to meet my fiancee, denise. Hey. Good to meet you dennis. Man 1 he just got fired. Man 2 why . Man 1 network breach. Man 2 since when do they fire ceos for computer problems . Man 1 they got in through a vendor. Man 1 do you know how many vendors have access to our systems . Man 2 no. Man 1 hundreds, if you dont count the freelancers. Man 2 should i be worried . Man 1 you are the ceo. Its not just security. Its defense. Bae systems. Billions are spent to confuse and, dare i say it, flummox the american public. Save 16 on Car Insurance. Switch now. Well at compare. Com, we say enoughs enough. So weve created this mind boggling facility. Where were constantly scrutinizing millions of rates. Answering the question who has the lowest. Go to compare. Com, plug in some simple info and get up to 50 free quotes. Choose the lowest, and hit purchase. Its fast and easy. Compare. Com saving humanity from high insurance rates. Up by 2. 5 to 3 for the financial side of things. The only sector in the red is utilities overall. Also some of the big auto trades because we have the auto Sales Numbers coming out. Check out whats happening with shares of General Motors up 1. 5 . Ford up by nearly 5 today. Chrysler up by 6 and toyota up by 2. Some of the major auto makers out there so autos are a big focus on robust bullish sign for the economic terms out there. Back to you. The stocks have not done anything. I would focus on the auto parts. I like having exposure to a variety of different oes. Im not crazy about gm or ford. Why not . I think theres a lot of competition. I think that theres a lot of i think a lot of people are in these names for value. Theyre not thinking theyre going to grow and theres a lot of exposure and gives and takes here and the auto parts have a lot of growth and the valuations are cheaper. So you get the participation from the group rally and its just a little bit less of a risk profile. These things cant catch a cold. They come out with good numbers and the stocks go up and no one likes them. Its good numbers versus what . Headline number 20 sales increase year over year. Lets look back at february 2015. It was a negative 2 month. We had one of the biggest snowstorms of the decade and nobody bought a car. It has to be tempered by that. The other negative which i think theres truth to, think about the sub prime auto leasing and auto sales thats happening right now and think about whether were toward the end of that or whether or not theres still legs. I think its probably toward the end and i think that absolutely could weigh on ales Going Forward. They dont they mind you of the housing stocks . You go across the whole world and look at every one of these. Theyll put up number after number and quarter after quarter and the stocks dont seem to move and it feels that same way. Im happy to see ford up the way it is today and running the way it is. Will it sustain . Is it going to get past 1310 or maybe to 13. 5 . Lets see where this stock has been and where it is now. Voters in 12 states head to the polls today as super tuesday gets underway with much at stake for candidates on both sides. We have team coverage. John harwood live at headquaters. Hampton pierce is on is in ted cruzs home state of texas. They call it super tuesday because the race Goes National tonight. From this map, 12 states on the board. Largely in the south but they include minnesota, massachusetts and vermont. Polls suggest Hillary Clinton is poised for a big night against bernie sanders. So big the ad doesnt mention him. Instead she impose after big pharma. It costs 180 for 10 shots. The latest refill was 14,700 for the same 10 viles and the company is called valeant pharmaceuticals. Im going after them. This is predatory pricing and were going to make sure that it is stopped. Im Hillary Clinton and a prove this message. On the republican side, donald trump appears in position to add to his delegate lead but facing more push back from Republican Leaders for failing to condemn the kkk over the weekend including this today from House Speaker paul ryan. If a person wants to be the nominee of the republican party, there can be no evasion and no games. They must reject any group or cause that is built on bigotry. This party does not prey on peoples prejudices. We appeal to their highest ideals. Now the single most important state tonight is texas with 155 delegates at stake. To preserve his chances ted cruz needs to win his home state. Thats where we find hampton. Ted cruz just left or is in the process of leaving. He came here to vote. There was about a 10 minute or so scrum going on behind me with all kinds of reporters and photographers questioning him here. This was a must win on a lot of different levels. The 1555 delegates. They are a portion. To get all the delegates hed have to get 50 or more of the vote and thats not likely to happen. So his other challengers will get a share of the delegates even if as expected cruise wins. But cruise last night in a rally to his supporters said i want to go oneonone with donald trump but i cant do that unless i get out of here, out of my home state with a win to launch me on my way. Were a few hours away from finding out if, in fact, that piece of, at least the cruz scenario will happen Going Forward but as we said, this by the way is a very busy polling place even before the senator arrived and right now the turn out around town and around the state of texas is heavy. Theyre looking for a record turn out on the gop side. Theres already been more than a million early votes cast. That period ended last friday. And the precinct turn out as we said, especially on the republican side they expect to break a record for a gop primary in texas. Back to you. All right hampton pearson. John harang gewood, thanks to y this super tuesday. Lets talk about this Hillary Clinton attack ad on valeant. I do not remember a political candidate a front runner on either side launching such a specific attack on a publicly traded Company Maybe ever. Correct me if im wrong. Teddy roosevelt did this in all three of the elections he ran to great effect. He even defected from his party to continue to do it. So 100 years ago or whatever but still can you buy valeant . Can you buy a drug Company Stock today . You cant. Youre either underweight the group or short these things because shes going after a lot of different companies. They attacked the pbm industry as well if you recall but i also dont think if trump wins or is nominated if hes in, hes not that friendly to health care as well so i think after five years of this sector out performing i think they take a pause and can revisit them. I think hilary will say whatever she has to to get elected and win the battle and this is just one more example and i think once were in the general election and she is done fighting shell probably lighten up her tone a little bit and this wont be as important. Thats when you lighten the growth. Im going after them is what she says specifically about valeant. Sure she is. We talked about this yesterday. Once she has the nomination the rhetoric will stop. That will be the time whether its financials or health care youll remove the cloud of the negativity surrounding the democratic nomination. This is what do i need to say to out flank bernie. Its an easy headline. If youre an investor the risk reward scenario here. Youre making a leap of faith saying this is all rhetoric. If youre an investor to real money on the line do you put it to work hoping that youre right . I think you probably got to pause for sure. I think to stephs point pause because you have to see how the whole thing plays out. Theres no doubt. Everybody at this table would agree and say theres companies out there that are absolutely taking advantage of people and under terrible situations. However, that being said, i think what hilary is doing right now going after this, especially for political reasons but heres the real problem. Innovation stops. These medical companies and Bio Tech Companies are not going to have the rnd out there to put it out there. Look how familiar failures. Theres a complete lack of understanding of how the whole process works to get drugs to markets. How long that take. How much investment that takes. Theyre totally misguided. I think youre way off base thinking these ads are going to disappear once she gets the nomination for the Democratic Party which seems more likely by the day. These are going to run up until november and if she does become president you dont think these types things are going to be said all the time. Whether they happen or not is not the story. A mere tweet sank the sector. Its too early to buy. The Balance Sheets are attractive. The dividend yield and valuations are cheaper so its tempting but to your point youre going to have this cloud. Who do you think is going to be the better candidate. You think strutrump is better f the market and investors. Which market . Stock thinks Hillary Clinton. The arms market. Did we just have growth under obama . Shes going to be status quo. Exactly what he is. Status quo under bill was not so bad. No thank you. Raise taxes. I want to finish the valeant thing real quick because this is todays news on valeant but there has been news every day and in some cases multiple instances of news. The latest being that valeant is now facing an fcc investigation which theres a lot of big shareholders and wellknown ones like bill ackman that are in this name and that news is not causing them at least not yet to lose support. Bill last night told me the following. We have spoken to mike pearson and valeant management and were delighted that his health has recovered and he has returned as ceo so he can work on behalf of the company and shareholders. Much of the uncertainty will be resolved in the relative shortterm hopefully over the next few weeks when we expect the company to issue results and update guidance and file its 10k. Valeants core franchises remain strong but we continue to believe valeant could do a better job with its public and investor relations. Who know what is will happen in the next couple of hours with that name but that stock remains under pressure. Hillary clinton rolling out an attack add and more news on the regulatory side there. Coming up, apple and the fbi back on capitol hill today. We have the latest on privacy versus security and the fight there. Plus pete has a hot hand with his trade in the casino stocks but is his best bet to take profits now . Find out if hes folding on wynn. I see what you did there. Owen hey kevin. Hey, fancy seeing you here. Uh, i live right over there actually. Youve been to my place. No, i wasnt. Oh look, you dropped something. Its your resume with a 20 dollar bill taped to it. Thats weird. You want to work for ge too. Hahaha, what . Well were always looking for developers who are up for big world changing challenges like making planes, trains and hospitals run better. Why dont you check your new watch and tell me what time i should be there. Oh, i dont hire people. Im a developer. Im gonna need monday off. Again, not my call. Weinto a new american century. Born with a hunger to fly and a passion to build something better. And what an amazing time its been, decade after decade of innovation, inspiration and wonder. So, we say thank you america for a century of trust, for the privilege of flying higher and higher, together. Perfect driving record. Perfect. No tickets. No accidents. That is until one of you clips a food truck, ruining your perfect record. Yup. Now, you would think your Insurance Company would cut you some slack, right . No. Your insurance rates go through the roof. Your perfect record doesnt get you anything. Anything. Perfect for drivers with accident forgiveness, Liberty Mutual wont raise your rates due to your first accident. And if you do have an accident, our claim centers are available to assist you 24 7. For a free quote, call Liberty Mutual at switch to Liberty Mutual and you could save up to 509 call today at see Car Insurance in a whole new light. Liberty mutual insurance. Everhas a number. Olicy but not every Insurance Company understands the life behind it. For those whove served and the families that have supported them, we offer our best service in return. Usaa. We know what it means to serve. Get an insurance quote and see why 92 of our members plan to stay for life. Should be accessible to at pg e,everyone. Ve solar our partnership with habitat for humanity allows us to provide the benefits of solar power to the types of customers who need it most. Pg e provided all of the homes here with solar panels. The solar savings can mean a lot, especially for lowincome families. With the savings that i am getting from the solar panels, it is going to help me have a Better Future for my children. To learn how you can save energy and money with solar, go to pge. Com solar. Together, were building a better california. Were always looking for ways to speed up your Car Insurance search. Heres the latest. Problem is, we havent figured out how to reverse it. For now, just log on to compare. Com. Plug in some simple info and get up to 50 free quotes. Choose the lowest and hit purchase. Now. If youll excuse me, im late for an important function. Compare. Com. Saving humanity from high insurance rates. Hello, everybody. Here is your cnbc news update for this hour. President Obama Meeting with leaders that vow to block a Supreme Court nominee no matter who it is. Among those Mitch Mcconnell and Vice President biden. The 14yearold teen accused in yesterdays shooting at on ohio school making his first appearance in court this morning. He is charged with two count of attempted murder and two counts of assault. His attorney entered a plea of not guilty. We do not show his face because he is a minor. Ford has been awarded a patent for an automatic bicycle kick stand. Riders would never have to put their feet down when they stop. It will be offered at an affordable price. Thats a change for them. And a big night for la clippers owner steve ballmer. During halftime last night he wowed the crowd with a monster two handed dunk. He promised the 19,000 people in attendance they would get a free pair of converse sneakers if he made it. There he goes. And he scores thats awesome. And hes visiting his chiropractor today. Back to you. Thank you so much. Youre welcome. Apple squaring off against the fbi on capitol hill today in hearings that begin at the top of the hour. Companies chief legal officer is testifying along with the fbi director james comey. Aman is live on capitol hill with what to expect today. This encryption issue scrambled all the traditional calculation. Thats why this hearing at the top of the hour here is going to be so unpredictable. So hard for the fbi and apple to prepare their guys for this testimony when you cant predict how democrats and republicans are going to come down on this issue but heres what we know. Start with fbi director james comey and some of his prepared testimony. The core question is this. Once all the rekwiermts and safe guards of the law and the constitution have been met are we comfortable with technical design emissions that have evidence of a climb. Apples chief legal officer is going to take the opposite. Heres what he is going to say. Hes going to argue the fbi is asking apple to weaken the security of our products. Hackers and cyber criminals could use this to wreak havoc on our privacy and personal safety. Will the big momentum yesterday from the court ruling from the federal judge in new york help or hurt their case before the member of congress today. A lot of folks believe congress ought to be making the final decision here whatever that ends up being. Live on capitol hill with the latest as we await that hearing again at the top of the hour. About 25 minutes from now. Steph, youre overweight apple. News flash. Its new for me. What changed. The last six months i have been underweight. So i have been buying. Low 90s, mid 90s. Even today a little bit. I think its cheap. Cash events coming up or a buy back or something coming up with the debt proceeds they just announced. I think the iphone 7 is second half of the year and youll have Portfolio Managers having to cover their underweights. I get the sense that theres things coming in the next couple of months. Allow me to welcome you. Well i have been in. Welcome back. Hlet me push this forward a little bit though. I could have made the argument that everything that you just said six months ago. Stock is cheap. Probably going to buy back more and raise the dividend. Iphone 7 coming later half of the year. Youre past the bad quarter and the bad guidance. Youre closer to the second half of the year. You start to discount these things six months ahead of time and i still think the sentiment is bad. Its like what she is talking about in terms of the bio tech trade. Waiting to get through a lot of this and waiting for the opportunity and when you look at the way the stock is scott, the stock has been trading between what . 93 and 97 . So its been here for a little while. Now its the next leg higher. Joseph, 100 even. Tough call. A very compelling argument that steph is making. I do think that the opportunity is there for the pull back again but i dont think youll get hurt. When is the acceleration in the stock . Whats the bull pack . I still dont think this negativity surrounding whats going on with the fbi conversation is over. I think that dialogue is going to intensify a little bit. I think its been mishandled. If i may. Of course you may. Theres an argument to be made that people will throw tomatoes but i dont care that apple has become a consumer staple. Its a product that we upgrade every 18 months to 24 months. Were now doing it on a lease basis so were not paying the cash cost of the phone. Were not comparing brand ifs youre an apple person youre an apple person and price is not that important and if thats the case and youre paying 20 times earnings for kimberlyclark and cocacola then why, can you please tell me, are we buying a similar dividend and similar growth rate for an 8 or 9 times multiple. Better Balance Sheet. So there it is. Let us know. Tweet us at Halftime Report. Why would you buy the other stocks ahead of apple . Because youre crazy. Speaking of apple, do not miss the defense secretary of the united states. Ash carter will be on the closing bell tomorrow, 4 00 p. M. Eastern time. Its a first on cnbc interview and a very big one at that. Coming up, the break down with josh brown. The reformed broker makes sense of the moves in gold and where the market is headed. What is the significance of that . Oh, break down. Break dancing. That wasnt even a bad robot. That was pretty good. Well be right back. Portfolio leader board. Youre watching cnbc first in business worldwide. For your retirement, you want to celebrate the little things, because theyre big to you. And that is why you invest. The best returns arent just measured in dollars. Td ameritrade®. patrick 2 pretty great. Ke to be the boss of you . patrick 1 how about a 10 raise . patrick 2 how about 20 . patrick 1 how about done . patrick 2 thats the kind of control i like. And thats what they give me at national car rental. I can choose any car in the aisle i want without having to ask anyone. Who better to be the boss of you. patrick 1 than me. I mean, you. Us. vo go national. Go like a pro. We will take you live to capitol hill ahead, privacy in the cross hairs. Also is now the best time to roll the dice on the casino stocks . And were all over this market rally. You want to talk about super tuesday . Look alt super tuesday there. The dow up 275. All coming your way top of the hour. But for now, scott back to you. Thank you. Well see you in about 20 minutes. Gold is falling after closing out the best month in four years. Jackie has more. Good afternoon to you, scott. A lot of talk about gold lately. As you mentioned in the red today giving back the earlier gains. Whats the relationship here. Things changed for me last week in a cnbc interview when they came out and said dovish rhetoric. The thing that was interesting about it is all the previous dovish rhetoric has been in times of great stock market duress. That was when the stock market rallied off the lows and was sitting pretty. The fed has got the message. They dont feel they can tighten. If they dont tighten the dollar refuses to rally anymore and gold becomes the buy. I have been long it for awhile and im planning on staying that way. What do you think of the argument . Do you agree that gold is going higher from here . We had a big run. I like the argument. Theres been a super reversal in the positions held by managed money when it concerns gold. Now they have increased their longs by almost double to 141,000 contracts and they reduced those by almost two thirds so theyre long and keep adding to it. Live show at 1 00 p. M. Eastern time. Futures now at cnbc. Com. Josh brown is here with the break down. Im going to tell you that gold is not telling us anything and i think this is really important for investors. Ill make this quick. Since 1970 theres been 35 other months like february where gold is up more than 9 . Unfortunately theres absolutely no signal. First of all, 3, 6, and 12 month returns for stocks. Following those months from regular history. It doesnt tell you where stocks are going. As for inflation during only 15 of the 35 months was inflation on the rise. During the rest it was flattish or down and, in fact, during 7 of those months actually cpi was below 3 so be ware attaching narratives to the price of gold. Its not telling you anything about any other asset glass or the economy other than the price of gold itself. Do you then take your 16 gain that you got year to date guys and run . You take it, youre happy you got it and youre out . The two guys in the previous segment, they think theres still more room to run in gold. Do you disagree . Its all about discipline scott. We talk about it all the time. But am i still in it . I have sold into this rally but im holding on to more than 50 of my original trade so the move has been so staggeringly fast. Were talking about 30 and 40 moves in a rapid pace when you look at the gdx. You have to take props off the table but theres more to the top. Coming up, the man that says the market is rigged just got a 750,000 whistleblower award from the sec. What he found and what it means for the average investor. Back at the New York Stock Exchange and one of the most vocal critics receiving a 750,000 whistleblower award from the sec in a case that resulted in the first ever fine against the stock exchange. The ceo alerted regulators following the 2010 flash crash of suspected irregularities in the way tading data was being distributed. In 2012 the fcc fined the New York Stock Exchange and its Parent Company for sending data to its own feeds before the public over a period of years. A violation of regulation. Eric, welcome. Thank you for having that and sorry about that. Im sure they have their own opinion about that. What exactly did you find and when did you find it . July 21st, 2010. I found that compared with the public time stamps there was a distinct delay of hundreds of milaseconds. Now are we correct in the way we stated this . You found that the New York Stock Exchange was disseminating data both price and trade datad proprietary systems before that data was going out to the public, and that is a violation what have we said was regulation nms . Thats correct. We also found that it was there was a way for somebody to actually influence or cause laidentsy whenever they wanted. They could overload one stock and cause latency on all the stocks processed by the same route. So what did you do when you discovered this . Did you tell New York Stock Exchange what you had found . Or did you go straight to regulators . No, i let the nyse know. I dont have a contact there. Im not a member. And you dont know what you are talking about, basically s what iate got. Thats what they told you . Correct. You are saying thats what the New York Stock Exchange told you . Thats what im not sure it was an authorized spokesperson but the person i knew to contact there said. When did you first know you were getting this whistle blower award from the scc . In june of 2015. And are you waiting for the money still or did you receive it yet . No. I think its being wired any day now. Literally as we speak. Do you have to pay taxes on it . Do you know . Oh, yeah, sure. Yeah. Those were some questions here on the desk about that. What do you think this says about the way markets currently function . Do you think such issues have now been fixed . Do you think the playing field, if you will, is quote, unquote, more fair now than perhaps was in the past . Weve billed this segment in the way we teased it as coming from somebody who has said in the past that they think the markets are rigged. Do you still think that . Well, yeah. Look at the whole iex application fiasco. Thats just a joke. The regulation is very clear that the scc has to come down on the side of the long term investors when they are put up against by millisecond traders. Thats actually words. And i never hear anybody in the media reading it. Page 16 in the reagano mess. Eric, congratulations on your award . Thank you. Have you considered annuities and how they might work for you . I was thinking about gdx. That might work. Just looking at the history of markets, and i know you are a collar of this stuff, arent they all rigged to some degree . Oh, yeah. Didnt they start out with rigging . They were always rigged. But new york city has more crime than regular town but does that mean that if somebody is mugged in the city does that mean we dont care about it. Yeah, sure. But should long term investors be concerned about time . Yes, they should have. They have toi include the micro second resolution direct feed time stamps, which now allows people to know exactly what delays are at any given time. Transparency is a great disinfectant. Another thing, Retail Investors demand micro second time stamps on all your trades and then you can check up and see if you truly got the best price. During one second of time those prices change a lot. And what price you are assigned you dont know. But now with micro second resolution time stamps you will be able to know. Eric, i proosh your time. Thanks for calling in. Youre welcome. All right. The founder of nanex, eric hunsader. We should also let you know we also asked the New York Stock Exchange, where we are broadcasting today for a comment. They declined to do that. Coming up, pete is seeing action in the airlines. And a look ahead to amber kromby earnings trolling for a gig with braindrone . Cant blame you. Its a drone you control with your brain, which controls your thumbs, which control this joystick. No, im actually over at the ge booth. Were creating the operating system for industry. Its called predix. Its gonna change the way the world works. Ok, im telling my brain to tell the drone to get you a copy of my resume. Umm, maybe keep your hands on the controller. Look out ohhhhhhhhhh. You know what, im just gonna email it to you. Yeah thats probably safer. Ok, cool. All right. We want to do some unusual activity with pete. But you have a new company name. Yep. To tell us about. Yep. I always to you and your brother as option monitors. We are no longer a part of option monster media. And now we are part of my jenaj option group. I still may refer to you as an option monster because thats your wheel house. Thats where we came from. The airlines have been on fire. We had paper a week and a half ago, american airlines, delta last week, more delta today. And today its united airlines. If you go back and look at where goldman man sacks moved their target. They went from 78 to 80. This stock is still underneath 60. You have got a lot of folks where they think there is a lot of ceiling in front of it. Extremely active today. Five times versus the open interest. Something to keep your eye snoon speaking of things that fly and people who use things on things that fly, go pro. Weve got the talk about this. Shares have been in free fall, down 7870 . The ceo on cnbc exclusively earlier. Heres what he said. Absolutely committed to running go pro long term. Go pro is an extension of everything im interested in in life. Technology, adventure, video photography, family. Okay. So hes committed. Is that a good or bad thing for investors. Do you need a new ceo here or no . They made good acquisitions but they are spending 105 million and their r and d is 120 of total refuse lewis news. Its going to take a long time to see a return. I think it is a no touch right now. Do you watch the interview and be more confident whether they can make a new come back or not. Did he tell you they are going to make a new product. They need a new product. They have got a product they have never evolved and didnt bring another one to the marketplace. They need not only a new product, they need a person to go buy it. If i have a go pro, why do i need another one . Or why do i replace the one that i have especially if its sitting in a drawer as i suspect many of them are. Go pro is getting a bump today. The market is up just shy of 300 points. That does it for us at the Halftime Report at the nyse. Power lunch starts now. Thanks, guys. Welcome to power lunch. Im melissa lee, along with Tyler Mathisen and michelle carusocabrera. The markets like a lion to kick off the month of march. Gains across the board a. Major rally on our hands as the dow is up 1. 8 . The s p 500 good for a gain of 37 points, up nm 2 . And the nasdaq is up by 2. 2 . What is notable about this rally today is the strength in the financials. Weve got jp morgan all the way threw citigroup up between 4 and 5 . Look the sell owoff