Earlier. That has taken sam of the focus off europe frp the session. The analysts who we talk to and will give us their research can hardly keep up with the markets attention. For one second its focus nd on greece, then on oil. It just seems to have attention deficit disorder. The d. O. W. Keeps bumping up against, up against 17850. That was the high of the session of the day. Were at 847. Were three points off of that. We cant get above that number. Weve hit 2060 on the s p today and then bounced back again. Those are two number to watch. Another one to throw in the mix there is oil. Well talk about this in a second. If it holds above the 50 mark its going to be significant at least from a psychological point of view and a strong upward session for crude today. A big change in the chicago america tile exchange thats making electronic trading more than norm. The companys head, terry duffy will join us to talk about it. Twitter, this report is being considered crucial. Investors want to see mobility growth and it could be very pivotal for the future of twitters ceo as weve mentioned before. Youve got linked in and others. The dow is 1 s p trailing by a touch at 17 and the nasz dak having a strong session. Lets get to the Closing Bell Exchange and talk it out. Heather hughes is with us from d. C. Jo durand from United Capital financial advisers. Andrew from Morgan FamilyWealth Management is here with us at the New York Stock Exchange and our own Rick Santelli in chicago as well. What is going on this week . I mean you know whether its oil or europe or the fed, earnings . This market has been buffeted left and right here. Its a little bit of everything. I think what people really need to understand. The action yesterday, that selloff late in the afternoon over that supposed european and greek headline. That was not a new headline. But what happens it didnt happen on a big volume. But what happens is when they read the headlines and see a negative story they immediately create sell orders. Thats what you saw the market do yesterday. Fell out of bed. Not on big volumes. You could see it coming. Then after people think about it, wake up this morning, theres nothing new. Thats the same conversation weve been having and boom the market takes off again. Like you said, 2050 we have to hold there and then start to move higher. How much do you think the market has been waiting on the jobs report tomorrow . How significant is that . Its very significant. We want to see unemployment improve. The number were looking for tomorrow is 230,000 in january. We will have an eye on the jobs data. Consumer confidence is a little stronger. Retail sales are stronger. Thats helping. As weve seen within auto sales are up over 15 in january. Those are helping the markets catch a bit of a rebound in february where were now flat on the year. Andrew weve had Money Managers come through here lately. Some of them like the energy at these levels. Theyre willing to nibble and take a look at the Energy Stocks out there. Others will say, im going to look at europe and maybe even japan for value in this market. Youre looking at all of that right now. Why . Well, you know look the u. S. Stock market has been the big winner over the past seven years. Its about time everything reverts to the mean. International has been the big logger. As the Dollar Strength meant that exports coming out of europe, it helps the European Companies starting to report better earnings. Thats going to help European Companies and therefore europe could be a better place to invest. Look whats fascinating here is the stock market is flat on the year. We had a bad january, good february but Everyone Needs to relax. Its flat. Thats it. If the market moves higher shaking through the events, what sector is going to propel it guard forward . I think you need to look at the Global Companies again. What yaw saw in the last couple of six weeks or so is a lot of unpredictability. Dollar surging, oil plum meting and really no idea of how far it was going to go. What youve seen is a little hint of stability that weve found a bottom and youre finding a lot manufactureore optimism in the market. The biggest event thats occurred is possibility of 600 billion being pump into the european economy much like happened here during stimulus. That is a risk minute musing event for equity investors. We have not had a 15 decline in the United States in a very long time. You might see that in europe. You might see now less risk higher markets and a very interesting time to invest. And as long as the dollar is stable, you have to be ive been on here now for a few months talking about europe as an interesting opportunity not just because the underlining gdp is going to surge but because the stock market will become a relatively attractive place to invest again. We have to dust off the conversations we had about our own markets a few years ago. Rick santelli heather mentioned about 230,000 the expectation in her office for the jobs number tomorrow. What are you days expecting . Is that being discounted now for tomorrow . Yeah, no. Im noll hearing whisper numbers of a blowout. Im hearing them go the other way. The variance in the nonfarm payroll number has come to a grinding halt. Thats a whole other starry as to why. Youre going to be on the low side of expect pigsationsationsexpectations. We need to concentrate on hours work and anything that will give aus clue on wage with respect to the unemployment rate. The story with gal lap yesterday is a good story. Weve been talking about it. He kind of tried to take the easy rout to explain to it many who dont want to get in weeds. Thats an ongoing story. Interest rates are back into a range. Unless stocks start going down again, its going to be problematic if youre looking from a big rally. Hang on just one second. Were going to have terry duffy on the show. How will that change what we see behind you right now and Going Forward . Not in the slightest. As a matter of fact, this pit down here is empty, this pit over here is empty. Terry duffy can take credit and the shareholders for closing it. But really the decision was made by the people who who used to be in the pits years ago by not being in the pits. Theres no money to be made in a 5,000 lot bid were over no light between the bid offer spread. Theres no reason to have locals. But the option pits which are vibrant will continue to be vibrant and i dont think theres news there other than the fact it took them so long to consolidate the real estate that wasnt being used. Why keep the s p futures there . I want to get a job in the pits with you. It doesnt have a side by side. The bigs, the s ps dont strad on the screen and their options dont strad on the screen. What were you saying, heather . Im going to get a job. Are there any job openings in the pit. Its not for trading. If you have courage theres always jobs down here. You just have to look past the zeuss that are playing the chess game these days. Joe, andrew kenny, what e why is it that so much of the ak tuff tiff has shifted to options and how important it is to have guys on the floor. I know im asking a couple of people directly involved with options. Youve certainly witnessed the rapid growth in their options, no . I think what youre seeing is options are a way to protect without taking a lot of your capital out of where it is today. What i think youre seeing is businesses are getting more sophisticated. Theyre looking for ways to protect and its obviously a relatively cheap way when volatility has been as slow as it has been recently. You have a more sophisticated base of people. Smart people out there looking to make a living and options still require a professional. Its not as simple as making a market in heather reinterrupted you its about how much more difficult it is to put the complex transactions on the screen without having prearranged trades. I dont think it has anything to do with sophistications or who trades options today that didnt trade options ten years ago. Heather, where are you looking to make money right now . Well i think the cyclicals are not leading the market this yeesh. So far its been the defensive sectors, the health care the telecomers. Last year the cyclicals led the markets higher in financials and technology. Thats a little caution right now. I would stay the course and not get rattled regardless of the volatility that weve had since the beginning of the year. Thank you everybody. Weve got 50 minutes to go until the close and as mentioned, a pretty strong session across the board. Theres the dow, the s p up 10 . Were going to show you the s p heat map. Theres all 500 components to have s p 500 index. Most of them green today. The crazy swings in stocks and oil. We have a super busy show on tap here. The heads will be here. Weve got tons to discuss. Their earnings, the economy and one of them in particular has a bone to pick with president obamas budget proposal. And you may have a issue with the president planning to call for a cap on 401 k contributions. Have you heard about in . Sharon eperson will be along with details on what could affect your money and your retirement when we continue on closing bell. 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Some of it you can attribute to a gain a bounce in oil today putting it back above 51. The dow is up 166. Just off the highs of the day. Were watching the level 17,850. That seems to be the ceiling. And 2060 on the s p is the ceiling. Serve green in todays trade. Yeah materials there held by dupont are down. Kelly, bill, we ieng goear going to start on the pharmaceutical side. Pfizer is up. You can see theyre on the news as well. Tl then theres michael coarse following after they gave guide dpans for the Current Quarter that fell below expectations. Dow by 2. 5 . Oreilly automotive is surging. And oreilly shares up by 8 . Dragging other auto parts retailers up along with it. You can see auto zone making a move higher. Es taye lauder and coty boeltth up sharply. Dunkin donuts missed estimate by a penny. It did, however, raise its Quarterly Dividend by to 26. 5 cents from 23 cents. You ask see the brand share down by 20 . So lets get more on whats behind the number at dunken brands. Chairman and ceo nike l travis, welcome back. Good to be here. I want to z you, after mick donlds and conversations weve had with other, do you think youre losing the millennials . If so what are you doing to get them back . Were not losing millennials. Were becoming more attractive. A good illustration of that is on the digital side of our business we reported stellar numbers for our dunken points. We achieved it slightly beat it. We also had 11 million downloads. We know that millennials like our products. They like how fast the speed of the bids. They like they can go and sit down with our wifi. Were actually gaining in that area. And i think one of the things thats going to happen this year, we also announced earlier this week a program were going to bring in blenders in med mid year. We think thats going to be attractive with millennialaillennials for the newsmoothies. Seems like every time you come on youve got a new product. Thats your job. But do you worry about what has plagued mcdonalds lately, a bloated menu too complicated for customers to figure out. Are you heading in that direction as you continue to bring more an more on the menu at Dunkin Donuts . Its a great question one i was asked several time on calls this morning. We too many 14 items off the menu in the last year. We continue to work with our franchisees to be brutal in how we cut pit. Its a concern of our franchisees. Were tackling it very aggressively and we think its important to keep cutting it so we maintain the speed that were famous for. You guys are looking international as well i should start with california and then international. Talk about the rollout plans you have and how costly these are to open new locations. Well in california i think were beating everyones expectations. Everyone said we would strug. Struggle. We had five Traditional Stores open by the end of the year. Were beating our views. Weve done a deal with a joint venture which is principally the philippine no fast food business. They have a great supply chain in china. Were going to do 14 stores in china. Were very enthusiastic about what were doing in china and we also came out with a deal in mexico which is an existing franchisee who actually runs other stores in mexico. Theyve got the experience in the market. Inter international is going in the right direction. Are you going to be hit by the double whammy of the higher dollars and the higher input cost i think primarily of the record prices of coffee that are going around right now . Actually bill thats an interesting question. Firstly, if i take coffee we actually increased our price to our franchisees late last year. Theyre not going to see a big increase this year. Were focused on the margins. When i look at commodities overall, theyre very benign. They will be helpful because milk which is important on the ice cream side of the business is actually coming down. Thats great for franchise margins and internationally for our margins. And in terms of dollars, virtually all of our franchisees pay us in dollars so were not worried about the currency issues. Were going to talk to grub hub coming up in the program. Food delivery is all the rage these days. Is dunken going to be a possible in the future . Im very familiar with delivery from my days at papa johns. Its a complicated business. What i would say is we want to make things convenient for our consumers. Were testing mobile ordering in a private test here in massachusetts. Were going to expand it but not too quickly. I think by the end of the year it will be in many stores. We need to look at driverry. Not just dunken but weve hads a very successful years with bas kin robins ice cream cakes. Online orders has given up the business. I think ultimately ice cream delivery of some form ice cream cake delivery of some form is a possibility. My mom is who is a devotee of your coffee lives 60 miles from the nearest one. I dont know if that u would be considered out of range for delivery in the future thats a little too far, kelly. But im pleased to hear. Last time you went to a kpeter. Youve clearly taken my advice to heart. Speaking of new products that kra sount do nut. How is that how is that fairing . It came out as you know a couple of months ago. Its done really well. Weve got new versions, new fillers. Its a platform. Its not a limited time offer. Its going to be on the menu. And the platform means we can keep it on the menu for a long time. Its going really well. My personal experience is i try one and i have to end up eating two. Its fabulous. Its really doing well. And i bet, listen we were talking about it. Its got a lot of buzz. Theres a product as well thats been a hit. Nigel, thank you. Thank you very much guys. The chairman and ceo of dunken brands. You could use a drone in the future to deliver the coffee and the donuts. Biggie back on an amazon drone. Were heading to the close, 35 minutes left in the trading session. The dow is up 176 points, the s p up 17. Both of them right now are sitting right at critical levels that traders are watching very carefully. 26 level for the s p. Now earnings are coming fastary furious after the bell tonight. Weve got twitter, linked in. Well break them down with the team of experts. The president is proposing a cap on 401 k constructions. Sharon epperson with a special report you cannot afford to his. Thats still to come. Welcome back. Look at markets heading into the last halfhour of the session. The dow up 189 points. Better than 1 at the moment. Theand nasdaq having a strong session as well. Plenty of pushback to president obamas proposal this week. Two stocks are trading lower. Our john harwood theres an introduction here somewhere. Hi john something outside of the budget that the two sides might agree on. Do tell us. That issue is trade specifically. The Transpacific Partnership president obama wants with a dozen nations as part of his pivot to asia. It wont be easy. Republicans dont like president obama and democrats dont like trade deals. But the president s trade negotiator is mike froman told me this deal will benefit wall street and workers a lot this is course in middle class economics in terms of creating jobs, improving wages. Think theres an interest on both sides to find areas that that can Work Together on to help strengthen the u. S. Recover pi. Ive heard from a lot of investors looking to determine where they should put their next factory. The u. S. Will be at the center of a web of agreements. And that makes the u. S. An incredibly attractive place for investment. To make it happen, froman and obama sl l have to pull off two negotiations. One with members of congress who want economically anxious voter to reelect them next year. Thank you, john for now. Meanwhile, there is another component of the president s budget thats likely to face as much resis pence. This one is a cap on 401 k plans. Sharon epperson has the details. There are over a dozen provisions in the president s budge that if they become law could directly impact your retirement savings. Would would no longer allow you to convert after tax money into a roth account. So those earnings would no longer grow tax free. Another would limit the tax benefit you get from making a contribution to an ira or 401 k to 28 . If youre in ahere income tax bracket, you no longer get the full deduction. The white house wants to put a cap on new contributions to any ta