The security of every one of who you has iphones. All of your privacy. What were doing is were dropping in a huge tech panel to debate the issue of individual privacy versus National Security. And the battle between donald trump and senator ted cruz just turned up a notch. It is heating up down south, as the fight over an ad has both campaigns fired up two days before votes are cast. All the while, senator marco rubio gets a hail mary from one of the palmetto states political elite in the last few minutes. Our Political Panel breaks it down. Plus charlie gasparino, low oil equals higher Airline Tickets . How does that work . And who wants to put Benjamin Franklin out to pasture. Were less than an hour from the closing bell. Lets start the countdown. Okay. Less than a thousand points to go. Make that 600 before the Dow Jones Industrial average moves higher by perhaps 17,000, going up above. That the dow up 229 points today, if you do another thousand points it will have narrowed 2016 loss to less than a thousand points. Right now were up 244. Look at nasdaq, up 89. Just a second ago, it was up about 103. That makes us wonder as we head into this final hour. Now there are 58 minutes to go. Are we going to lose more of this rally here . It is the biggest winning streak since august for the moment. Were on our 34th day of 100point swings for the dow. And we are seeing a move to risk on treasury yields rising for the third day in a row. At 1. 81. They rise when the price of treasuries goes down. People arent so worried about putting money in the safe haven play of treasuries. Energy, one standout name is kinder morgan, kmi jumping nearly 10 after the oracle of omaha Warren Buffett announced he took a 27 million share stake in the company. He is doubling down on a stock that has fallen more than 60 over the last year. Buy low and hold on. Thats what buffett does. The long running argument between the government and Silicon Valley over privacy and security hit a critical moment when apple ceo tim cook outright opposed a judges order for the company to help the fbi unlock a phone belonging to San Bernardino shooter syed farook. In his briefing this afternoon, White House Press secretary josh earnest said this on the issue. Listen to this they are not asking apple to redesign its product or to create a new back door to one of their products. Theyre simply asking for something that would have an impact on this one device. Liz one phone. Thats what the administration and the department of justic wants access to. Not all of your iphones, apple says we give you the software key to that, youll use it elsewhere . Is there a right answer and will the Government Force apple to unlock the phone. With me joe cordero and the former new jersey Law Enforcement director who sides with Law Enforcement. He does not think our nations safety should be dictated by profit motives and fox business Liz Macdonald with breaking news on the story. And Technology Officer and i. T. Expert raj goel thinks the fbi is overreaching and raj, you are on the side of apple. Make that case to emotional america who watched 14 people get murdered by syed farook . Its never happy discussing privacy and security when lives are at stake or people die. On the other hand, the argument the government is making, the fbi is making, give us access to one little phone. Theyre asking apple to invest a lot of money in engineering resources, which im fine with. Once apple breaks security on the one device, that gives the government, not just our government, the russians, the chinese, the brazilians the right to demand apple break back doors around the world do. We lose apple as a company or destroy security worldwide. Liz youre saying if they give an inch, the government takes a mile. Joe, youre on the side of Law Enforcement. You see his point but you side with Law Enforcement and say they better give up that encryption issue and that back door to Law Enforcement so they can figure out who this guy was calling, this terrorist, and nail other people who might have planned the same thing . Absolutely. Look, this all comes down to the safety and security of our children and american families. If we cannot protect them from acts of terrorism, and local crime because we cant get access to a content of a cell phone, of a terrorist. Think about this. This is, i understand, both sides of the argument, but in this case, i think, you know, whats being asked for pursuant to a warrant, whats being asked for is specific content to a phone to. Suggest that apple cannot reverse engineer what they created and not give Law Enforcement or government the key, but to allow its content to be revealed to Law Enforcement, to me, is an argument that extends beyond the instant case and instant security goes into philosophical issues. Liz liz, youve been talking to Law Enforcement close to the case, and say okay, well go with the one phone, thats what we want, access to one single phone. Right, theyre saying syed farooks icloud account which the fbi had access to went dark november 19th. A no before the shootings. He was hoarding weapons and bombs. They injured 22 people, theyre saying that the phone was owned by syed farooks employer, the county health department, and prior to 2014, apple was helping the fbi crack into iphones to track down suspects, alleged committing crimes and that banks play ball to the terrorist accounts of osama bin laden. If the banks cant play ball, why cant Silicon Valley. Thats the argument. Liz what about that . Post9 11, they wanted to follow the money trail, banks opened up cases and said take a look, this isnt an issue of National Security. Banks played ball and apple is playing ball as well, where they could help, they have helped in the past, and i assume this case, they will help as well. On the other hand, given whats going on globally with china wanting back doors, russia wanting back doors, google kicked out of china because chinese hacked google, so apple has been on the forefront of securing their product from all attackers whether its criminals, nation states or governments, and the moment they give the back door key to the one phone to the fbi, then they dont have a leg to stand on against the chinese or others. Liz theres that and theres breaking the law in a way, judge napolitano made this case this morning, youd be asking apple to break the law. Hack into somebodys phone that didnt give approval to do so. Here is an apple statement from tim cook. Among other things he said the government is asking apple to hack our own users and undermine decades of security advancements that protect our customers. Can we put this up . Theres the quote the precedentsetting issue is big when it comes to privacy issues. Theyll fight that, wont they . Absolutely. This court case will linger for years. At the balance is, we dont really know, if there were other players responsible for the slaughter of 14 americans. We dont know if they pose other threats. And so we need to get to the bottom of that. Just think about 9 11. Think about when we were being attacked, we didnt understand the full extent of it. What was the follow on, and if we had information on a cell phone, then we couldnt get to tim cooks statement, the government says its offbase, the phone was owned by the county Public Health department. Liz who approved going into the phone. Exactly. Liz why are we talking about this . Thats the issue. The ownership is owned by the local government, the local government is saying to the fbi, you can go into the phone and apple can go into the phone, too. Theyve given permission. Liz what do you think apple does, raj . Do you think they cave at some point . I hope they dont. Were risking the entire u. S. Tech economy. Once apple game is over. Liz now youre talking about profits versus safety . Im talking about the american economy. Our primary export is technology. You look at globally the top ten tech forums, half are american, the moment we weaken encryption for this one horrific case. How then do we prevent azerbaijan or russia or india from doing the same thing. Liz joe, how do we do that . Two things, we have a system of justice in place. Liz apple would say were following the system of justice. In the past weve been able to secure Digital Information secured by a warrant. Signed off by a judge where there is probable cause. Second thing is ultimately Congress Needs to act on this, for the safety and security of our country. Congress needs to take this debate out of the hands of profitbased companies and perhaps Law Enforcement, right . That have a determined agenda, and say, you know, lets balance and make the laws. Which is what judge napolitano said this morning. Congress needs to move and have the laws catch up with the times and the times are that terrorists are using technology to hurt us. Thats true. And since 2014, apple and google have been selling their brand, staking Brand Reputation on security and privacy. Prior to that, apple, according to the fbi and department of justice was allowing Law Enforcement to break into iphones. Liz you cant have it both ways, everybody. You dont want the chinese hacking in and the government says you got to make your system stronger and tighter and more encrypted. The phone is no longer just a phone, its camera, wallet. Do you want the government for good reasons or bad breaking into the wallet. Liz i dont think theyd like the pictures, they are fuzzy. Im bad at taking pictures. Great to see all of you, conversation that is absolutely going to continue. Joe, liz, raj, great to have you. Liz apple is moving slightly higher by a percent, 97. 98 as tim cook digs in on this issue. Much more on the privacy battle on fox business, Maria Bartiromo tomorrow has an exclusive interview with former attorney general john ashcroft. Cant wait to see where he stands on. This mornings with maria beginning at 6 00 a. M. Eastern. Closing bell 58 minutes away. Take a look at dow leaders here on a big, big rally day. Chevron, cat pillar and walt disney which dropped a couple of weeks ago, moving higher. Caterpillar moving higher after the sec will not recommend enforcement action on an investigation. And airlines are pulling in record profits with oil prices so low, but jeff flock is at Ohare Airport to show us why thats not stopping them from hiking prices on you. Well look at a ticket or two and how its changed. More countdown on the way. This just got interesting. So why pause to take a pill . And why stop to find a bathroom . With cialis for daily use, you dont have to plan around either. Its the only daily tablet approved to treat erectile dysfunction so you can be Ready Anytime the moment is right. Plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. Tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. Do not take cialis if you take nitrates for chest pain, or adempas for pulmonary hypertension, as it may cause an unsafe drop in blood pressure. Do not drink alcohol in excess. Side effects may include headache, upset stomach, delayed backache or muscle ache. 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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. Liz did Warren Buffett just give you a map and a flashlight to the best investment for the near future . Buy like buffett or are you already too late . Yesterday in a 13 f filing it was revealed the oracle of omaha top holdings are what you see on the screen. Not to mention, so we will, is 27 million shares in kinder morgan, which, of course, is a big oil concern. Its up right now, its a limited. So how are the experts playing that . Its jumping 10 . And this is a stock down about 60 , 65 all last year . Get right to the floor show. Traders at the new york stock exchange, the cme group and the nymex. The massive limited partnership yielded such a good yield. John corpina, buffett gave an indication to the entire market, im in on this one, interesting play, isnt it . Very interesting play, stepping outside of his scope a little bit but clearly when mr. Buffett does something and its publicly released, people want to jump on board and get behind it whether its that particular stock or in that sector. Hes been right for a very long time. Foolish not to follow that trade there. Liz thats the thing, trent, when you look at what buffett has done, hes added onto it as the stock fell in phillips 66. Those two are energy names, you look at that and say buy low, right . We are low in the oil industry. Well, we are low, liz, but were talking about a market thats down over 70 over the last 18 months. For me, thats enough for me trying to not pick a bottom in a market like that. And i think that not only for the energy space, but the broader markets in general, if youre buying the rally of the last few days, you have to believe in the near term, we put a bottom in oil. I, for one i dont know about that, i think the lack of volume weve seen over the last three days could be indicative, this is a technical bounce in the broader based market than a true change in trend. For me Warren Buffett has a better pedigree from an investment standpoint, in this particular case, i would be wary of energy stocks. Liz luke, that is your territory, and oil happens to be jumping today, obviously considering and the news is out all day. Iran says were in, were in on the freeze and the oil patch that saudi arabia and russia say they would like to institute at record high levels of output. That i dont understand. Its like jumping off a pancake. Wow, took a risk there. Not a big deal. But whats happening that makes it up 5 , does that reverse course as soon as we figure out opec cant be trusted to do anything. You dont know about that. You named the three big counties in opec and outside of opec, saudi arabia, iran and russia. They said were going to try to control the supply side, right . They must think the marginal players cant get back in, and the shale producers breakeven is 45. Now theyve got room. When we talk about big gyrations in oil prices and think about the fundamentals. The news last week, if they control supply, thats the demandsupply fundamental that they try to change, and i think if oil stays above 30, well see the market hold in here, but i dont know. Well have to see if they get along and who starts cheating first. Liz cheating, thats opecs way of life. John corpina, they said its not the right time. We had Keith Mccullough say sell into oil rally, but i believe in this amazing, that an 85yearold man, Warren Buffett, has such a long time horizon, he says my time horizon is forever. He says time to buy is when it is unbelievably cheap and low. Are people that dont buy missing the opportunity for the next year . Youre never going to pick the top and never find the bottom in these types of markets. But like mr. Buffetts filing, there are buy side investment firms that have been displaced over a long period of time, and great opportunities and great prices for investors to get in. There are certain stocks if you like this 30 higher, youre going to like it at these levels now. All depends what pain threshold is. Yes, the market has moved up and down, seeing a lot of one way markets. I dont see any difference in any of the information from last week to this week that would warrant this type of move in this market, i would be wary we have additional down days following this. To get back to the previous point, if there are stocks that are significantly cheaper than you liked them six months ago, why not jump into them now . Liz yeah, when you love something and it goes on sale, dont you want it at that price . John, trent, luke, great to see you, oil is a big story, so are the Federal Reserve minutes. When you look at the rally youre seeing at this very moment, much of this has to do with the dow up 261 points, the fed meeting minutes, they are too nervous to go allin on continuing a rate hike path. Closing bell, 39 minutes away, all about the benjamins. Why former treasury secretary Larry Summers now thinks its a good idea to do away with the 100 bill . And jeff flock, whos always packing a couple of hundreds in his wallet is at chicagos Ohare Airport to tell us why its going to take more money to buy a ticket. Raising fares as they pull in record profits. Jeff . Well, why wouldnt you raise fares. Didnt you ask for a raise last time you had a chance, liz . Why theyre doing that and what is the chance people are going to pay . Probably not as good a chance as liz got a raise. Back in a minute. Every Auto Insurance policy has a number. But not every Insurance Company understands the life behind it. Those who have served our nation have earned the very best service in return. Usaa. We know what it means to serve. Get an Auto Insurance quote and see why 92 of our members plan to stay for life. Unless you have allergies. , then your eyes may see it differently. Only flonase is approved to relieve both itchy, watery eyes and congestion. No other nasal allergy spray can say that. When we breathe in allergens our bodies react by over producing six key inflammatory substances that cause our symptoms. Most allergy pills only control one substance. Flonase controls six. And six is greater than one. Complete allergy relief or incomplete. Let your eyes decide. Flonase. 61 changes everything. You can fly across welcome town in minutes16, or across the globe in under an hour. Whole communities are living on mars and solar satellites provide earth with unlimited clean power. In less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. And if you thought that was amazing, you just wait. 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®. Liz breaking news. Let the scissor chopping begin. Marissa mayers holding up the big sheers, she is beginning to phase out yahoo food, yahoo health, yahoo parenting, all of these goodbye. Yahoo travel, yahoo autos and yahoo digital magazine. Up a quarter of a percent, shes been under extreme pressure to start chopping the original businesses, and the Search Engine has been extremely popular, way back in the past, but lost a lot of steam and a lot of leadership to google and, of course, facebook. Marissa mayer under massive criticism how she handled the industry and the business, she is chopping a bunch of the names. Stay tuned for more whats going on with yahoo . We have this, too. No more Benjamin Franklin . Former treasury secretary Larry Summers says the u. S. Should stop printing those, 100 bills. Why . In order to fight crime. So compare this, how would this fight crime. A million bucks worth of 20 bills weighs more than 50 pounds versus just 2. 2 pounds for the cnotes. Summers says it tec makes it much easier when they use 100 bills for tax cheats and drug dealers to move large sumps of money around easily. Didnt you see breaking bad . Should the government stop making the 100 bill . How about the penny while were at it. Find all the links and exclusive archive videos at lizclaman. Com. I kind of like the 100 bill. Who wouldnt . Oil, as we told you, may have rallied to just over 30 per barrel. In the midst of historically low oil prices, four of the nations Biggest Airlines have raised prices, for get this, a second time this year. How much more can we expect to pay for travel tickets . Jeff flock live from Ohare International airport. You have been crunching the numbers on some of the flights and whats going on here . Im going to get to that in a second. Its a big day for the airlines. Take a look what weve done today. Market must have gotten news they raised fares because all of the Major Airlines up today. Some more than others. United, delta, american, jetblue. This comes as jet fuel in january got the cheapest levels it has been in ten years. Jet fuel less than a dollar a gallon. Yes. You can spend less to fill up your airplane than you spend to fill up your car. Its always cheaper because it takes less to refine. Under a dollar . Tremendous. The market has not rewarded the airlines for this reduction in fuel costs. If you take a look at jetblue versus the dow, hasnt done very well in the last three months. Overall, the airlines have been making money. If you look at the profit numbers, 8 billion, 9 billion made in the Third Quarter of the last year, thats up 61 . I promised to tell you how much this latest increase is. If you look at a ticket from here to jfk, you travel say thursday come back on a saturday, pretty favorable time to travel, you are paying 226 at the cheapest fare compared to you were paying 220. Not a lot of money. If you can get it, the airline is saying go for it. Liz by a thousand cuts. Little tiny increases, right, jeff . I always think if the banks took one penny out of everybodys account, suddenly it matters. Yeah it does. Thank you, jeff. Jeff flock out at ohare. The closing bell ringing in exactly 30 minutes, up 242 points. Look at the nasdaq which is killing it today. Garmin looking strong after it came out with betterthanexpected numbers. Sears, tesla, tesla jumping 9 today. Time to negotiate your next vacation, speaking of Airline Tickets, right . Priceline rallying off betterthanexpected earnings as well. Hotel and rental reservation offset. Priceline jumping by nearly 11 . By the way, this next story is changing every single minute. Donald trump is showing strength in the latest South Carolina polls but Political Panel tells us polls can be deceiving after what some said was a spotty performance for saturdays debate. Its way more than that. Theres a he saidhe said, liarliar debate going on now. Countdown coming right now. I lost hundreds of friends, the World Trade Center came down during the rein. He kept us safe . That is not safe. That is not safe. All right. 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Does not have the nike endorsement. We dont have a dollar figure on what it was, but its in the millions, no doubt. No doubt. Right now nike not hurt by, that up half a percent. Weve got breaking news. This has got to be a first. Got to be a first for a president ial election. In my hand is a ceaseanddesist letter flying back and forth in the last couple of hours between the president ial campaigns of donald trump and ted cruz. This one is written by Donald Trumps lawyers and says to ted cruz, you better cease and desist running this ad that lies about trumps abortion stance. The billionaire has sent senator cruzs campaign the cease and desist and threatens a lawsuit. Cruz says bring it on, donald, bring it on. Thats not the battle that could change the fabric of the 2016 race. The Republican National committee has now fired a bazooka at the billionaire refuting his claims today that the debate crowd on saturday was filled up with lobbyists and donors that werent fans of Donald Trumps. This in response to the many moments that donald trump said after he was booed, you guys are just booing because youre for jeb or you are for cruz, right . And, of course, they released a statement saying the crowds make up could be trumps own fault. The rnc says each campaign was given 107 tickets and wrote campaigns organize their ticket holders, select their attendees and ask them to be vocal supporters. It may have been the case that some campaigns, read trump, execute this more thoroughly than others or choose not to do so at all. They give about 600 to the candidates, the remaining ticket given to cbs or South Carolina republicans gratis around there. Im joined by Brad Blakeman, former deputy strategist to george bush, and the ceaseanddesist letter which has a lot to do with the fact that donald trump got booed or was yelling about ted cruz. What does this say to you . Has this ever happened in a president ial election before and does it hurt the republicans . No, never happened to my knowledge, but this is a prop. This san attempt to get earned media and worked very well. Ted cruz advanced this letter by holding a press conference and showing it and talking about it, and he talked more about the cease aanddesist order and the threats by donald trump. Trump is a phenomenon, defies political gravity and gets away with it time and time again, my feeling is we havent heard the last of donald trump before saturdays primary. Liz jessica, no ceasefire between ted cruz and donald trump nor trump and the rnc nor is there ceasefire between hillary and Bernie Sanders. Bernie sanders is now in the latest polls almost in a statistical dead heat. We can show some of the polls. This has now taken on a life of its own for Bernie Sanders. What do you see that we should all be seeing when it comes to this particular race . Certainly, i think, theres really a revolution thats going on in both parties. And we see that with the trump support and see that with the Bernie Sanders support, and we have gone now in the last six months from a situation where everyone said gosh, this is going to be anointment of bush and clinton, what does it mean for political process around whats happening in the economy and with our security and all these other issues, to having incredibly wildlife lie debates . Booing at a president ial debate, ive never heard of such a thing in my life. Much less having the incredible conversations going on about what is happening to people and individuals on the ground and having that motivation that was lacking in the last president ial election. Liz brad, jessica is right, we havent seen this before. They may not like the comparisons but donald trump and Bernie Sanders came in second during iowa and the people are saying that was iowa, now get to New Hampshire. They did well in New Hampshire and suddenly looking at all thats happening and look towards South Carolina. Trump looks like hes going to get South Carolina and bernie looks like hes getting nevada. This is turning into a fascinating situation. It is, its more real for bernie versus hillary. Its a two person race and bernie is going headtohead against her. A lot different with donald trump. He has a lot more than 40 of the votes. The people giving trump the pathway to which he can go to the convention with a minority of votes and claim victory. If this continues, it will be a brokered convention for both republicans and democrats. Liz wow, jessica, do you see that . As a strategist, are you gaming that . Trying to figure out how that should all go down . Its really fascinating, particularly because the republican rules and the democratic rules for delegates and superdelegates and how all these things work are so wildly different, and huge changes made to the rules at the last convention here in tampa for the republicans. So were looking at a scene that we havent seen. Talk about the old school smokefilled rooms and incredible numbers game. Nate fill ber has a piece out what the underover is for each state that clinton and sanders need so that sanders can even come close to getting the nominee . Or at least having some say in what the platform for the Democratic Party is going forward. Its really a fascinating if youre into running numbers and math, this is a fight where we havent seen since decades. Liz my own children are involved in this, and watching it every single day, and theyre young. I say look away, look away. [ laughter ] great to see both of you, Brad Blakeman and jessica ehrlich, are we going to hear and the plaintiff calls ted cruz . Keep it here for all your 2016 coverage. Fox business is Live Saturday february 20th for the South Carolina primary and nevada caucus. Coverage starts at 6 00 p. M. Eastern. Gotta watch. Closing bell, 18 minutes away. You have an s p 500 that is three points below its high of the session, which was 35. So were looking at a pretty strong day with the dow up 256. Could we see stocks up for third day in a row . And despite the green arrows right now, hasnt saved many of wall streets most famous or infamous names from losing out on biggest calls from dan lowe to nelson peltz to bill ackman, who is getting crushed the most in the 2016 market melee. Charlie gasparino breaks it down for us, hes here next. 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Just moments ago, president obama announced the brandnew creation of a new cybersecurity action plan with former National Security adviser tom donnell and will focus on Government Security along with the ceo of ibm. Hell be there as the cochair. It will be focused on business cybersecurity. And yes, for those of you who are not missing out on the irony of all of this, coming on the day theyre trying to tell apple to be less secure, the department of justice saying open the one phone of the recent terror shooting. Its a fascinating push me, pull you over the issue. Charlie over to you. What power does the committee have like apple . Zero. Liz theyre trying to tell businesses to be more secure and saying to apple, open up the security, little crazy. Telling businesses to be secure, one of the problems with apple is security. They want to be able to see whos using the products. Isnt that the thing here . Liz thats what the government is everybody is worried the government is going to give an inch and take a mile. Whats fascinating about apple is the closed architecture of the system, Business Model is never to let anybody in. Thats jobs thats inculcated into their corporate culture, to let the government in would be a huge step, i guess a violation of that culture. Liz tim cook says no way, were absolutely not doing it, and the slaw on apples side. Let me get to this, youre looking at top Billionaire Hedge Fund businesses getting crushed. Activist hedge funds. Liz the guys who yell at companies and say do this, this and this, and the company says no. These firms are down already 10 this year. Youve got the big names. We looked at three names, some of the numbers are hard to quantify, theyre not public. We looked at bill ackman, a lousy year at pershing, down Something Like 20 . Hes down another 10 . We looked at nelson peltz, interesting, smart guy, down 15 . Daniel loeb was down 3 . Hes having a better than average year, beating the indexes. What is activist hedge fund . It does more than short the market and make plays. He goes out there and he actively pushes management to change. Over the last couple of years, these firms have done very well and scored victories, particularly last year, nelson peltz scored very big victories with dupont and other cases, carl icahn has big victories, if you look at the record now, what Market Players are starting to see are cracks in the armor or whatever the cliche is, they are seeing them starting, starting right now to underperform and what they say is look for this to continue, this is a hard business to replicate in this type of market, this volatile market, which is much more, right now, this is a trading market. This would, in my view, this market would, if he could manage outside money again, this would favor a steve cohen who likes to trade a lot as opposed to a firm that takes big positions, advocates for change and waits for that companys numbers to change. Thats what we have right now, and ill tell you, Corporate America would like nothing more than to see the activist being called to the carpet and having their numbers reflect this because Corporate America is no fan of nelson peltz and dan loeb and the folks telling them what to do. Dans numbers look pretty good. If those are his real numbers, we talked to people close to the number. They say 3 . I heard its down 10 . We shall see at the end of the quarter. Liz and then youve got paulson. John paulson, who his holdings showed he sharply cut physical holdings in gold two months ago, ahead of the biggest gold rally that we saw in four years. Got to be annoyed by that. Hes not quite an activist. Liz sometimes he separates that. A lot of the activists are in fannie mae. Lets face it. Ackman is part of a lawsuit against the federal government saying theyre basically stealing the profits of fannie mae, putting in the federal treasury. Fannie mae is in conservatorship, these things should go to the shareholders. That lawsuit has been so far unsuccessful. Fannie mae, if you see a stock chart is mired at 1. 30. The activists in the play as well are getting killed on that one as well. Liz charlie, great to see you, they could be like buffet and buy stocks that look cheap. Well be right back. Stay tuned. Can the rally hold on and maybe add a little . Period. Liz five minutes to closing bell. Lets go to new york stock exchange. Adam shapiro with a lot of winners. A lot of them. One will sound like a winner. Oil above 30 a barrel. Chevron enjoying this rally up, liz. Look at that. Up three, up 4 right now. Chevron having a very big day. Big winner on the dow also included boeing. We talked about boeing yesterday but the big issue the ceo saying Profit Margins return to double digits in five years. Investor believe him and they like it. Back to you. Liz adam, thank you very much. What recession . Economic data has a lot of question. First we have threeday rally of 2016. Ward mccarthy chief economist at jeffries and former fed head and sean ohara. Good to see you both. Ward, the fed minutes came out and said they were nervous about january continuing rate hikes. Yet today we got economic data. We can show some of it here. Among them better Industrial Production numbers. A little bit of a question on lower energy costs. Liz sean, you invest no matter what is it going on. Energy second r select sectorsside ir. Oil is up today. Buffett is making energy plays right and left. Tell us what is behind your thinking here . Liz, thanks for having us on. We generally like the qs, because it is look subpoena 1000 or wilshire, they focus on sectors, making sure sectors are allocated. Qs is broad based index. Apple, netflix, google, what used to be alphabet, comcast, gilead. All names and Fastest Growing sectors of society. They dont pay attention. They are sector allocation. What most people dont know, qs, nasdaq 100 are growing revenues, earnings, dividends, more than double rate of s p 500. If i give you twoways to play qs as broadbased play, qqq is one. One our products would have downside protection. Both use same basic broadbased index. Pay attention to broad markets and focus on individual Companies Names within the indexes. Liz closing bell is coming up in a second. Ward says no recession. Well put seans picks up on facebook. Com liz claman. Countdown to the closing bell, were down. I hand it to david and cheryl for final lap. This is it, liz, thank you so much. David bring it on. Ted cruz is urging donald trump to file what cruz is call act frivolous lawsuit. Well explain. New polls ahead of crucial voting in South Carolina and nevada three days from now. Find out who is on top and who may be in trouble. David privacy versus National Security. Apple is refusing to help the fbi unlock an iphone used by one of the san bernanadino killers. Ceo tim cook claiming this would have dangerous implications for all iphone customers. Well hear from both sides on the issue. But first, probably making money again today. Seeing major rally on wall street. Dow and s p, first threeday gain in about six months. [closing bell rings] cheryl big story today, david. Oil. David i love when all green all green arrows. All w 30tockendein t