Runway in that snowstorm. We have the very latest on that situation. 16 people injured, two taken out on stretchers. Now, billionaire mark cuban making waves today, publishing a blog saying we are in a tech bubble that is quote, worse than the one 15 years ago. Cuban will join us exclusively about an hour from now for more detail on this provocative thesis, bill making the rounds today. Dont miss it. One of the real you cant even call mark a survivor of the dotcom boom a thriver. He was a winner. He created broadcast. Com and and sold it for billions before the dotcom bust came and hes been playing ever since. Thats why well be interested to see what he has to say about the cycle this time around and who stands to be helped or hurt. Always outspoken. Later, banks stressing out. Literally, the government releasing the latest results on those stress tests for the banks, whether they prove they could withstand an economic meltdown again. Well have those results the moment that they are available. A lot of implications to this very important story. So stick around for that coming up at the top of the next hour. Stress tests have proven to be volatile for a lot of these Financial Companies the last couple times around. Weve got that to keep an eye on. Marks rallying into that and the payroll report that we will get 8 30 a. M. Eastern tomorrow morning. We should mention, the snowstorm bearing down on d. C. And that could potentially have an impact on the release of that report. Well see. Heres where we stand. 25 points higher on the dow right now. S p edging higher by a point or two, lugging that 2,100 mark. And the nasdaq up 14 49. 81 this hour. Lets get to our closing bell exchange. With us today, we have rob morgan from sefia financial. Kenny p. Is here at big board. So is ralph siegel. Jim lowell from adviser investments. And all is well with the world. Hes got a bow tie on again. And Rick Santelli joins us from chicago. Kenny p. Is this a snowstorm market . I mean the market has really just kind of me andered today. Whats going on . We had two or three days where the markets been under a little bit of pressure trying to find some footing, which it did yesterday, and now its been kind of churning. Good news out of the ecb, good news out of europe and the back of demand. We have nonforeign payrolls tomorrow, which i think everyone is expecting will be in line no surprises either way to the up or downside. And therefore the markets just kind of catch up with itself. Theres no real volume today. That might be partly attributable to the weather, although i doubt it. I just think its kind of like the market just digesting what its gone through. By the way, theyre expecting somewhere between 235 and 240,000 jobs created for last month. Month. Theyve got lofty expectations. Whats your expectation, rob and what did you make of that shockingly low productivity number. The numbers werent great. Im hopeful nonforeign payrolls will be in line tomorrow but ill tell you what with february so cold it wouldnt surprise me if we see a slight downward surprise on nonforeign payrolls. You certainly saw that in the beige book report. The weather taking its toll on retail in parts of boston and new york. I mean you would imagine that employment is going to take a hit there as well. Jim lowell kelly and i were marveling at a statistic that came our way this afternoon what our friends at every court ed showing that money flows in mutual funds so far this year that investors have taken 13 billion out of equity funds so far this year and theyve put 39 billion into bond funds this year. So far. What do you make of that . I think investors remain very cautious. The psychological feeling is one that the markets gains can be pulled out from underneath them at any moment despite the fact for six years now, weve been able to climb that kind of wall of worry. I do think that theres also as the investing public ages theres definitely a trend towards Asset Allocation that favors at least an ongoing push into Asset Classes on the income side despite the fact that the return on those investments is anemic at best. I also think we started january off on a fairly weak foot that probably made people a little bit nervous, especially after last years gains. All that said and done, i continue to like u. S. Equities and the european across those boards, as well as japan, and in particular, japans smaller and midkaep midcap companies. This kind of uncertainty investment wise creates opportunity. Ralph, lets talk about europe. What did you make of the European Central banks meetings, mario gragdraghis remarks here. The way euro has plummeted. And yet yields keep moving lower. Ralph, what do you do with europe here and what does it mean for the u. S. . It seems to us that what the europeans are doing is part of a global race to the bottom in terms of trying to devalue their currencies and gain an edge for their export markets. It will be matched, i would suspect, by the japanese if their economy starts to falter it will be managed by the chinese, if weakness continues there. Its going to make it a lot harder for u. S. Companies who are facing who export to have to face their competition. A race to the bottom didnt work in the 30s and these efforts right now dont inspire us either. This is a slowgrowing Global Economy. I think Rick Santelli you would agree with that. Weve given you a lot to work with here rick. Whether its the money flows, strength of the dollar the expectations for job growth. Whats caught your attention today, so far . All of it. Lets buckle up and take a big walk around the block. I was very bugged by the ongoing drop in productivity. That is not a good sign. We talk about the euro and it has been a big move but its a drip, drip. You know, think about the kind of moves we had in energy. Were not seeing those moves. Were not seeing those moves in the euro. And that is very enlightening. You know, when you look at the list of the types of securities that are going to buy, theres so many asterisks in the announcement today. And part of that list includes these International Entities like the nordick investment bank, the council of economic development. Theres a real short animalageshortage. When we talk about these etf flows, an etf is not a real piece of paper in the traditional sense of a security. The security pace theres very little float there. Central banks are going to have a hard time buying at the pace. And world issuance is a real factor there. Thats going to come back to haunt us a bit. And you hear the whisper Growth Numbers out of china. This is making me a little bit nervous. We can look at the markets in their entirety. Were still doing better than everyone else. But sometimes we have to ask, better than their neighbor weaker than export. But whos going to be around the globe to do all the buying is the question i want to ask. Ralph, can i go back to this begger thy neighbor point, why cant we look at europe or any of these companies in isolation and say for their own interior domestic economy, theyre trying to do the best thing here . Thats exactly the tact that theyre taking kelly. Theyre saying, we can this is the only way we can grow our way out of this. And if i were in their shoes, i would be trying it too. The trouble is each and every other central banker will be saying the same thing about his or her own country, and the result is its a spiral down. But if these economies are individually somewhat weak and the Central Banks are responding to that, yes, the currencies are moving around but its not necessarily because theyre using the currency as the tool itself. Does that make any difference to you . As practical matter, at the end of the day if the real concern is the absence of global growth, no. Okay. Theres been a feeling, rob morgan, that with quantitative easing dawning in europe that the markets there will respond, the equity markets will respond a lot the way our markets did over the last five years. And yes, you still dont Like International equities. Why . Well bill its from the standpoint of the fact that the dollar is going to continue to edge up here for all the factors weve talked about, with the euro and the yen, continuing to weaken. So, for u. S. Investors Holding International stocks thats a major headwind. The same for big multinational u. S. Companies. Thats why u. S. Investors should also invest in small cap. Its mainly buff the rising dollar. Rick, at the same time, the huge story of the year is corporate debt. The issuance is massive. Its coming by the way, from all over the energy space and extending a lifeline to the big guys, the small guys and everybody around the board. What do you make of the enormous demand here for credit across the corporate space . You know ill tell you, i understand the issues of energy i get it. But i wouldnt be nearly as worried about the Energy Corporate space as i would just the corporate space in general. You know, we have overseas companies now issuing zero coupon corporate debt. You have all the good Financial Assets with respect to securities being gobbled up faster than issuances by Central Banks. That means everybody else in the investment space has to buy the other stuff, which a lot of its going to be corporate. And corporations like warren buffett, theyre smart to do this. To go to those low Interest Rates and euro denominated space. But i worry about the liquidity. Should equities have a hiccup especially in the high yield, i just dont know where the liquidity is going to come from. You know when i look at the trading floor, the people that service our money makers in all of these different sectors those numbers are much smaller than last year, and significantly smaller than before the crisis. Kenny p. We started with you and well finish with you. What are you expecting as we go through the close here . And how do you expect the markets to respond tomorrow . We do have this sense that maybe the weather will take a bit of a toll on the jobs numbers for february. What do you think . Right, but even remember so thats just a temporary its temporary, right . If its a weatherrelated issue, well see a bounce back in that. I dont expect even if the numbers are little bit weaker than 235, its not going to be a disaster by any stretch. I think today at the end of the day, the market just churns right here. Its fighting with 2,100 on the s p. I think it wants to hold that going into the bell. And i think tomorrow youll see the market kind of react positively after we get that news. Unless it really disappoints and im not seeing it to the downside, i fully expect that theyll discount any weakness because its temporary, and then the market will start to move higher. All right. Very good, folks. Thank you all. Appreciate it. 50 minutes left in the trading session here. 48 1 2, if you want to really be precise about all of this and we do like to be precise here. Up 24 point ossen the dow. The s p hold right at 2,100, wouldnt you know, and the nasdaq is up 14. Its back below 5,000, but its still been the talk all week. Coming up, billionaire investor mark cuban warning, we are in a tech bubble worse than the one in 2000. Hell explain why in an interview you wont see anywhere else here today. Really looking forward to that also when we come back. This was plain scary. After a delta jetliner skid off the runway at new yorks la guardier airport. Well have the latest developments and tell you what you need to know about airline safety, coming up. Can it make a dentist appointment when my teeth are ready . Can it tell the doctor how long you have to wear this thing . Can it tell the Flight Attendant to please not wake me this time . The answer is yes, it can. So, the question your customers are really asking is can your business deliver . Welcome back. Morgan brennan is covering todays movers. Dunkin brands shares will moving after Goldman Sachs upgraded the company from buy to neutral citing an increase in sales, better results from the companys loyalty program, and an expected earnings increase from its new kcup distribution deal. You can see those shares are up 3. 5 right now. Next up two solar stocks that are both soaring. Vivint solar, thats popping about 32 right now after posting better than expected earnings. Also canadian solar. That stocks up about 14 right now. Now, that stock did post an earnings miss but gave upbeat Current Quarter guidance and also announced plans to form a yield co for some of its assets. Finally, vertex pharmaceuticals. The Financial Times reporting that the company could be close to getting fda approval for its Cystic Fibrosis treatment. Shares of vertex are up 5 . Back over to you. Morgan thank you very much. A scary event out at new Yorks Laguardia airport today after a plane skid off the runway in very ugly weather. Our sue herrera joins us with the latest developments. We now have one runway reopened but the Delta Airlines jetliner with 127 passengers and five crew members on board did, indeed skid off the runway during its landing at laguardia airport. They were flying in from atlanta and landed on runway 13. The incident happened at about 11 00 a. M. Eastern time. Passengers as you can see, evacuated safely. Luckily, no serious injuries. Two people were transported to the hospital. Thats according to officials. The cause of the accident is still unknown. The ntsb will be investigating, of course, that crash. But during a News Conference a bit earlier, a Port Authority official said that before the incident there were two planes that reported a good braking on the runway and that runway was plowed shortly before the incident. However, this is how close it was. Take a look at some pretty dramatic images showing the tip of that plane perched over the water after it crashed through the gate. And incidentally, with Port Authority officials giving some high praise to the pilot, that they were able to keep the plane from going into the river. We all remember that 1982 incident with us airways, where that was not the case and some 27 people died. We will be monitoring this developing news story and bring you the very latest updates as they become available to us. But once again, bill one of the runways at about 2 00 p. M. Eastern time was reopened. That is earlier than anticipated. Absolutely. Good news at this point. Thank you, sue. So a lot of people are asking now as a result of this why were planes even landing at laguardia in the mist of this kind of weather . Its bad outside still. And those runways at laguardia are especially notoriously short and they feed right into flushing meadow bay. They can be very slippery at this time. You were saying you dont even like to fly in and out of laguardia on a regular day because of that. I did. Joining me now is michael boyd, an aviation expert from the boyd group, and ntsb investigator. Greg fife, welcome to you both. Michael, is this an issue specific to laguardia or would have concerns about planes taking off and landing in this kind of weather anywhere . I dont have concerns because the pilot and command thought it was safe. The airport thought it was safe so those are the decisions of the people we rely upon. I wouldnt go down upon the path saying they shouldnt have been landing there. Airplanes before this landed safely, so therefore, i think were looking at something other than a bad decision made by someone on the ground. Greg are there ntsb guidelines on when an airport should close and so forth based on weather . The ntsb doesnt have any regulatory authority. Its up to the airport to determine whether or not the runways are in a condition for safe operation. Theyll coordinate that activity with the faa, but it is the airports call to go out there and determine whether or not the runways are in a condition for safe operation. Greg it does appear according to the faas own statistics, that runway incursions are on the up. We had memorably this week or last week united sending a note internally to its pilots talking about the need to improve some of their safety regulations some of their safety practices. Is all of this of a piece here or would it be jumping toings say there could be a looming safety problem in the air space industry . I think thats going just a little too far this early. We dont really know all the facts, conditions and circumstances. One of the things that of course, the ntsb with and faa will be looking at is the operation of the airplane. That is, how the crew made the decision to land what their decisions were once they landed and then were there any mechanical malfunctions or failure with the aircraft that may have caused or contributed to the loss of control by the crew. So theres a lot of investigative work yet to be done. And then looking at it in total, theyll be looking at the airport, looking at the surface conditions, of course, the previous braking reports. So theres still a lot of investigation before we start tying this to any kind of safety issue at laguardia. But michael, we know safety is job one. Thats what thats paramount to anybody in the airline industry. But we all know the tristate area here where we got three major airports newark weve got jfk, and laguardia, theres tremendous traffic and theres pressure and its been a lousy winter and airlines have had to cancel all kinds of flights because of the weather, so is there some pressure then to keep the planes in the air because the weve had such a bad winter anyway . You know what i mean . All those things are non sequitur s to what happened today. An airplane touched down on a runway skidded past the end of the runway. Thats what we know today. But what we also know today, which is rarely mentioned is is how safe the system is how quickly the Port Authority got out, up there, and also how the Port Authority was totally on top of this beginning to end. Look at that press conference. Im when it comes to safety right now, i feel a lot better than i might have yesterday. Michael, just to go back to the numbers here 2014 over 1,200 runway incursion, the faa is reporting. 2010 there were 900. Thats a significant increase. About a 30 increase over a four or fiveyear period here. Are you denying that theres been an increase in runway incursions