Nobody evokes the name when the markets are jumping 333 points. Only when they are falling 333 points. And they are calling it the labor law taste of the century. Live right in those protests outside. The Supreme Court of details of todays arguments that could give millions of workers many of you watching right now a free ride in dramatically change the base of labor in our nation. Corn farmers greatest fears. We are rolling down the road to retirement for you. And suddenly they are is revising this hour. They are working on what is turning that curtain around. They are suddenly being erased. We are less than an hour to the closing bell. Lets start the countdown. Just so you know the White House Press briefing is expected to happen in the next half hour. We will keep an eye on it. You will see the podium there. Stocks going gangbusters. They are corralling 370 points at the highs of the session. 380 points since the record closes. And we can see we are down 969 points since then. It would lop off the thousand point loss. The tao and the s p are there. The nasdaq is looking at the second move to the upside in a row. That is nice for an 1 gain. It is down three days in a row. That level right now 2. 86. When i checked this level this morning it was 2. 84 and then afternoon it was 2. 85. Nonetheless still tom calm. The technology sector. The best performer at the s p. They are helping the picture here hitting alltime highs with amazon currently racing to the fifth Straight Record close. Close on friday at 1,500 even a share. You can see that Spider Technology index. I need to see if we can pull up ge right now. They are looking at an epic turnaround in the last 38 minutes. We started to move higher just after 2 00 p. M. About the flatline. Coming in after getting seven and have your lows it is the most actively traded stock. They try to untangle years of financial entertaining. Carried out by the former predecessor the industrial conglomerate. It is restating its earnings for the past two years. That is never good. That means they have to redo them because something was done incorrectly. They are adopting the new accounting standard. Also closing the revenue recognition practices. Thats what happens. Charles gasparino is working the phones as we speak. Its a pretty dramatic turnaround. Is back up about it right now. Why the move to the upside. He on friday. Dont count out ge just yet. We will find out more. At least, at this hour. The prospect of rising rates still hangs over investors heads. Youve a bad taste in your mouth may be from three weeks ago monday when we fell about 1100 points because it spiked to 2. 91 . Goldman sacs economists warning that stocks may dive 25 if the ten year yield hits 4. 5 percent. And then the counterbalance. With the dueling call. The global head of Interest Rates strategy. It is actually bullish on bonds. It was told for the best of the bear market. Which side is right. We bring in our traders of the floor show. Im right in the middle there. The four and a half is a pretty irresponsible call. Where the high of the year is 2. 95. I just dont think thats the right way to go. Maybe we could see 3. 4 and we will cross that bridge. Much further than the bears would have liked. We will see what happens with the yield. To a 2. 86 yield on the tenure and that still remains rather low. People would rather go into stocks at this point where they are looking for yield. Many people are being forced into stocks. Not necessarily a good thing. But where do you stand on this and what will be the mover of stocks its not what we see today. Its just not a lot of news. I think 3 becomes the real catalyst level in treasury. We have not spent any time about it. We see a if we see a move up to three and a quarter. The big reaction to that is how do equities move. They are really driven by speculators. Savers who have not been paid over the last eight to ten years. They are the ones buying the dips. In the last chart there. We are well off the alltime high settlement. The market is definitely coming back. A big move in the past couple of weeks. You cant really talk about big moves without talking about Energy Stocks i would like to remind people of that. I think the move in energy and oil prices has to do with the dollar and im just having a hard time getting positive on it. Because there is so much supply out in the market right now. In a lot of these smaller Energy Stocks are not catching the wave. That is a little bit concerning. They have just hurt too many times. If jay paul wants to have that. In a real manner. He will have to prove it to me words are not going to do it anymore. We will see how he acts. Its down against the u. S. Dollar. And yet we have strength in the price of crude also. And just as we wrap up the floor show. We are hitting new highs 386 is a new high. We just lopped off ten points from that. 370 points. Those of you who panicked three weeks ago monday and said i have to get up. Do not sell when the markets falling. Everybody just said we have retraced 70 of the losses that we saw on the two days that were pretty stomach turning protests and support rallies interrupting erupting right there on the steps today is the first day of hearing arguments on a case that could potentially change the face of labor in america some are calling it the later the labor case of the century. A 40yearold decision that could remove a key energy string. The opening arguments. What they were talking about was making the case that in the case of mark janice he is the state employee in illinois of the state in council that union said he benefits as you millions of americans who work for those governments. And that they that they negotiate. People like that although they dont pay dues to the union is the agency fee to cover some of the negotiating expense. You are using these fees for politics and its a violation of my free speech. He doesnt want to pay those fees. And millions of dollars are at stake because of those fees. Its like hundred 66 million were spent. So here is what he has said as to why he should win. The choice to join that union is a prerogative within individuals not to force people to do stuff they dont agree with. And as a whole basis of this case. Im not against unions. I think collective bargaining has its place. But let the individual worker choose what they want to do. The lawyer representing that. When it out that this will actually undermine unions here is what he said. It is to give Government Free reign to act in an authoritarian way. The wages, terms and conditions. They referred to this as a compelled speech versus compelled subsidies. Even though he is not a union member is a compelled subsidy. It was Justice Kennedy who ask mr. Frederick does this case influence the political influence of the union to which mr. Frederick responded yes they will have less political influence. The lawyer from the union actually conceived that point. In this administration it feels like they have more of a voice and they have an open air from the president. He has hosted many union leaders. I get it this could definitely choke up revenue. And then from the other side of it if you have a choice why not have a choice whether you want to pay. Maybe of the safety and the in the overtime that they fight for. One thing to keep in mind though. The unions im not sure. The teachers unions did not act president President Trump in the last election at the core of this argument. The closing bell ringing is just minutes away. We are watching it. It is one vendors product. Any Good Business man businessman or woman. What sent that. Could countries be exhibiting that same behavior ahead of nafta changes. They fear cheaper alternatives. That grain is barging. That is not the problem here. Watch to the commercial. I will tell you. But im not standing still. And with godaddy, ive made my ideas real. I made my own way, now its time to make yours. Everything is working, just like it should when we start to see the market move below above or below. We start to look at the hot wires that may give us some focus on what may move the markets. Vice chair for supervision. It is speaking is speaking right now in dc. It is a conference there in dc. Entitled the assessment of the u. S. Economy. He is saying there are some upside risks to u. S. Economic outlook because the strength there may in course move it higher. He said he ask but expects inflation to move back to 2 over the next year or so. He also says they will raise rates at least three time. And will boost the economys potential capacity. They will carefully look at that. It is still up for 378 points. A big move here. They are pulling out about white house visit. Over the border wall. This is the seventh around of the nasa negotiations. They get off to a shaky start. One of the biggest issues in the trade discussions mexico is popping. The u. S. Is the top exporter of corn to mexico but this status quo is actually starting to shift. It is with the president that changes nafta. It all has to do with nafta. We are live in illinois. A couple of fronts behind me. Hi in its banks and consequently not inevitable for the barges back there. They cant even get loaded. So they cant get the green out. That will pass. Maybe not so much. President trump and as you point out the mexican president canceling their potential meeting. Apparently got very heated over the issue of the wall. And mexico is now saying we bought a lot of your corn. 27. 9 of u. S. Corn. They are saying you know what in the last four months of the year last year they really ramped up purchases from brazil pretty wild. What that does is it reduces the market for corn here in the u. S. And so the price tends to go down. They are already getting a pretty low price. They talked us and they said i would not doubt that the rhetoric is driving buyers decisionmaking. They dont like uncertainty whether you are in mexico or in illinois. And that as that is what they are facing right now. I dont know if it is hey we just want to be careful. Weve a place to go to get corn. They dont grow a lot of their own. Our farmers here say we could feed the world just let us. They been a huge beneficiary of nafta. Now its 14 million and its one of the things that helps the trade deficit we have a trade surplus when it comes to corn in mexico. They dont want to screw it up. I could be retaliation. Im almost thinking like any Good Business man or woman your vendor hikes prices for not a reason it has anything to do with drought perhaps or supply. You will look for another vendor. There is plenty other vendors. Thank you. It starts with brazil. They try to steal some of the thunder. Who knew that apple even needed to feel that way. Apple is one of the leaders here. Up at 3. 56. It reports out today say that it plans to release three new smart phones smartphones later this year. And a less expensive model. It is approaching a record high. They are stuck in the tracks. After jeffrey cut it to underperform. With a price target of 13. Partly blaming its down nearly 4 . They are moving forward with raising rates. But not everybody should be worried. On way those traveling the road for retirement we have just punched the roof of 302 now up 400 points. We want to show this to you. We stand at 25,711 we went below 24,000 just two weeks ago. So now they said we have regained 70 of that. Lets make it 75 percent. We saw that it was a rising Interest Rates on the tenure that caused the plummeting two weeks ago. We talked about that. Investors slammed the panic button it will still move forward. To raise Interest Rates. It will be awarded as a result of this. It could be good for this group of investors heading down the road to retirement. People are watching it like a hawk this week. They may be cheering for those. It has been eight long years. In that time that fixed income has lacked decent returns. All of that changing. He have this to say. You have to go and find it if youre not actively seeking a better return. Including money market are 0. 11 investors can find higher rates. The best rates are online subsidiaries. Or divisions of Financial Services entities. Here is a comparison to the one your cd. But some institutions are offering more. To 1. 04. They are offered by oak ridge firms. At the beginning of last year. If your goal is return on your money. A lot going on here. I think its only going to get better for these retirees. It couldnt have been more than the last 15 years. There were many money markets that were yielding five to 7 . I was just in a say that. They had been punished. And thats not a great thing. You know that it is moving up about 400 points. The trading is up nearly 2 . Not bad. A big rally happening in these last 29 minutes of a trade. We are watching wild swings on wall street. Volatility is here. But what changed when january ended. Do robots had a fear of february. Known as one of the biggest innovators in this kind of trade. He is going to explain to you and what might happen next month. Two new episodes of strange inheritance tonight. Barn yard drug junk. Only on foxbusiness. There up to 402. Youre still here . Were voya we stay with you to and through retirement. I get that voya is with me through retirement, im just surprised it means in my kitchen. So, that means no breakfast . Voya. Helping you to and through retirement. Today, the new new york is ready for takeoff. Were invested in creating the worlds first stateoftheart drone testing facility in Central New York and the mohawk valley, which marks the start of our nations first 50mile unmanned flight corridor. And allows us to attract the worlds top drone talent. All across new york state, were building the new new york. To grow your business with us in new york state, visit esd. Ny. Gov. To grow your business with us in new york state, going somewhere . Whoooo. Heres some advice. Tripadvisor now searches more. Than 200 booking sites to find the hotel you want and save you up to 30 . Trust this birds words. Tripadvisor. We need to look at the nasdaq here. It is just turned positive for february. Albeit slightly now im not so much. And we have weve a great day on the nasdaq. As we watch this big rally up nearly 400 points the nasdaq is definitely coming along for the ride. Goldman sachs pointed out something very interesting about that dramatic moment where the market fell 1100 points. The hedge fund vap index it consists of a stock that the stocks that matter most to hundreds of hedge funds outperforms the s p 500 during the turbulent record. The technical factors we are behind that selloff. And core fundamentals are doing fine. Its members had 15 trillion in equity assets. Lets just take the jargon out of it. When it came to the vip hedge funds because they said its just Something Weird maybe these algorithmic trades. That nothing goes to pleat crap in a matter of minutes or hours. I thousand point drop. There is nothing fundamentally wrong. It is a network around the world. There was no panic at all. They stood back. Its roughly 75 to 80 of all those in the United States are members of the liquid net unity. I think some people and some of our members stepped in because they have seen this kind of market. They have seen it before. They are not panicking. And for the first time and perhaps a decade the managers have a real opportunity in outperforming. There was not some horrific headline. That somebody important have died who mattered to the markets or something that they did. They have to be the High Frequency trading machines. We have seen a lot of north Korea Missiles and issues that have not affected our volatility over the last few years which we thought historically would have. I think the markets fundamentally have changed. We have to forget about all of the drivers historically in the have created a volatility that we remember and talk about. With an enormous amount of assets is just passively managed funds. In the annual shareholder letter he said have you just bought it ten years ago. In the last ten years those types of funds managed about 24 percent. Its almost half of all investable assets in this country. That changes the dynamics. As they are up for the 15 points. It is charging ahead. Do we need to understand that highfrequency or algorithmic trades where they just start tripping wires and things like that do we need to look at the impact that they head on the Financial Markets now and understand that everything has changed. We do. We always need a catalyst. With the funds in the s p 500. There has never been that much concentration. As money comes in the markets themselves are very shallow. The funds go in and they have to be invested in those stocks that highfrequency traders see that as a supply demand imbalance. It is just level. Thank you very much. You need to listen to this guy. In the baiter of the decade. I am looking at a high of 415. Now the new high is 422. We are climbing and climbing with just 18 minutes left of trade. The nasdaq up 80 points now in the green for the month of february. The top names, cisco. Not ge on that list. The world awaits in the official comment from the man credited with building the once massive empire. He has the inside scoop on what they are saying now about the former conglomerates downward spiral. They break it up next. Make something for dinner. But some of us make something much more. Mom would be proud. With blue apron, any night is a chance to see what cooking can do. Sure. Momwhats up, son . Alk . I cant be your it guy anymore. What . You guys have xfinity. You can do this. Whats a good wifi password, mom . You still have to visit us. I will. No. Make that the password you stillohave toovisit us. Thats a good one. Seems a bit long, but okay. Set a memorable wifi password with xfinity my account. One more way comcast is working to fit into your life, not the other way around. General electric is now up 1 after horrific news over the weekend. What does this say. Ge is an embattled company. But here is the news that came out over the weekend. It will be removing some of the longest serving board members. You Warren Buffett criticizing them for not being up front about the accounting practices. Two entire years. Why is the stock moving higher this is an interesting wall street political story as well. I do not know why the stock is up. I hasten to say that this is a bottom for the stock because there could be more bad news coming out. But when they rally on bad news. They may have hit the bottom. If the current ceo unwinds it. The breakup value is people start to think its mor