Plummet plummeted. And the dollar turned around. Weak data out of the u. S. Earlier this morning. All kinds of moving pieces. One stock bucking the trend behind us at the New York Stock Exchange, go daddy. The stock prices last night above the expected range and traded for the first time today with a symbol gddy. The investors liking it as much as their racy commercials. Should investors go for go daddy even at these levels . You had a rather eventful morning. They took over the New York Stock Exchange. There was a huge crowd. You even had Danica Patrick doing pushups on the floor. Picture that. Doing pushups on the floor of the New York Stock Exchange. At the same time we were talking to the ceo. I will bring you some of those comments. Well check out the post. It has managed to hold its gains, 30 gain. Walmart inserting itself into a political controversy asking the governor of arkansas to veto a religious freedom bill. The governor sending the bill back to be rewritten. Well get to that a little later. Lets talk about the markets and show you how were doing. As sara said the dow is down roughly 200 points on the low. Off that low right now down 104. The s p down 11 negative for the year. The nasdaq is down 38 points at 4,862. Nasdaq 5,000 is a distant sgroo long long gone. Memory there. Keith fitzgerald the author of money morning. Com, youre the author of that . Well theres a lot of authors but they tell me im in charge. Well see if i believe it. Jack bouroudjian from index Financial Partners who is doing pushups himself today, Nathan Bachrach from simply money and Rick Santelli. I want to start with you because of all the moving parts and pieces. Sharply lower stocks sharply higher bond prices and oil prices. Whats going on here to begin the Second Quarter do you think . You know i think it all kind of fits together well. I think the equities are disappointing, and that makes the treasuries a bit more alluring. You see bund yields made a new intraday low yield. 15 basis points. 1. 86 , you remember where that came from. Thats your october 15th low that we bounced off of aggressively or sold off of aggressively so thats important technically. When i look at whats going on with regard to the relative value trade in europe it has slowed down a little bit and i think maybe thats part of the reason were not seeing yields move a bit lower and i think the most important issue of all is i know jobs the numbers, the headline numbers have looked good for a while, but most of the other data doesnt. So i think it makes perfect sense. Even the jobs number didnt look too good on adp this morning. From chicago to Cincinnati OhioNathan Bachrach are you worried about some of the signals were getting with the u. S. Economic data . Are you chalking it up to bad weather . Im going to chalk it all up to weather, sar remarks but im going to chalk it up to whether or not you think this is playing out in 2015 like 2014 did, whether you think a strengthening dollar is starting to have an affect on exports for american manufacturers, which i think it does. Whether or not you think the consumers who has a happy accident taking place in their savings and checking accounts which is more savings, will come to the rescue of the economy. I dont think they are. I think the consumer is very happy to watch. And then you take a little bit of cold that actually took place here in the midwest we found that it was rather cold. He put all that together i think were doing fine. Its a question of whether or not business is going to be able to understand that a rate hike is not going to kill them and, yes, Rick Santelli, that the increasing Health Insurance premiums are also not going to slow them down. You put if thats true why do we spend so many months and months listening to fed officials hem and haw about doing it . If its no big deal pull the needle out, see if the patient starts talking or dying. Why not do it . We cant have it both ways. You cant tell me how great things are and tenhen tell me they cant raise rates a quarter of a point. I think business has lost their game. They dont know how to dribble anymore. The consumer theyre making a boat load of money being somewhat lazy. Thanks janet yellen. Thanks, ben. Its actually the stock market. What it is is it speaks to what we got out of bill gross today but they get to buy their stocks and do a lot of things now youre really hitting on things guys. Go ahead, keith. Now youre really hitting on it. I think this market technically is ready for a pause. I think this is absolutely normal. Its a sign of things to come. The volatility, the hesitation are signs of digestion and theyre all classic signs that the market is trying to come to terms with news. However you want to define it whether its the midwest, the value trade, whether its corporate earnings those are all things that have to be taken into account. For the average investors with an eye on quality stocks and Quality Companies, its a nonevent. You want to take a step back. The markets are acting the way they normally would. We got some disappointing Economic Data yields went down surprise, surprise. You got the situation the negotiations continuing, dragging on between the u. S. And iran and oil prices are going up in anticipation theyre not going to get a deal anytime soon. The markets are acting normal if you want to put it that way, right . Youre absolutely right, bill. In fact, i think anybody that would expect the market to rally in this situation is probably, you know, scratching their heads and shouldnt be in the markets. I said it last week this is a very rough time for stocks. There are a lot of headwinds. One of which is the fact that were in a quiet period and companies cant buy back their own stock anymore and theyve really been the ones holding up in the market in a lot of cases but the reality is this. The market like keith said is over extended. Its due to come off a little bit. We dont know when its going to come off and how fast it will come off but 5 to 10 is probably in the norm and, again, we are getting to that normalization, but rick i have a real point of contention here when youre talking about pulling the pin and seeing if the patient either lives or dies. Failure is not an option. It never was. Thats one of the reasons ben bernanke did what he did let him finish. Failure is not an option and that is exactly why that she is doing the work of ben bernanke, continuing that work and you nou what . God bless her. Shes saving this economy. Rick . Sounds like warren buffett. The u. S. Economy needs help from its central bank to the extent weve seen it the last six years, okay lets put chiquita on the boat and call ourselves a banana republic, seriously. Dont forget the stamp. Wait a second. First of all, we are not in a vacuum. We cant do things by ourselves. Weve got the rest of the world in what is a global i know thats the problem, jack. People cant do much for themselves. Its not i hate the what should an investor be doing right about now . The average investor should be doing what theyre always doing, guys. The average investor should be looking for Quality Companies no pete i think its an important point keith is making here. Theres a lot of noise around this fed decision june or september. Everyone is talking about volatility but if you are a longterm investor its important, keith, right, to stay focused on the fundamentals. Absolutely. But the one thing that investors the risk here is we all nathan go ahead. Here is what an investor is learning. If theyre all in the u. S. And they started that way in january, theyre looking at the First Quarter going what happened . Nothing happened. If you had a hedge position if you were international, if you had some europe you had some emerging markets you are off in asia and you went long on your bonds, you gained a couple 2 3 this year and youre looking at your 401 k balance and going, well, interesting. Asset allocation is working this year. It didnt last year. Last year all you had to do was go u. S. And youre fine. This year it will take a little allocation and little brains about where the money is going and who is winning and who is losing. Right now american manufacturers are not doing as well. Europe is doing great. Nathan oil is down 11 if the First Quarter. Will you add to oil positions here or do you think they could go lower . Im not adding to oil. Im tell you where im adding to oil position is everybodys checking and savings account. Were seeing a happy accident right now, bill and that is that savings are just piling up in checkings and savings account. We have a savings rate we havent seen this much savings since 2012. Unless bankers come up with a way to convince people to start pulling equity out of their house again, and i hope they dont, well see savings continue to rise and what business is going to have to do is come up with a reason why the consumer should spend more. Theyre not spending the savings theyre getting at the pump but they will spent a raise if and when they get it. Jack question for you. Since you are expecting some type of near term correction here, do you put any stock in the idea that april is traditionally the best month for stocks with an average gain for the dow over the last few years of 1. 9 . Were talking about on the first day of april here heading into tax season and other fundamentals at work . This market has been so counterintuitive over the course of the last fi years and i think right now we have to be a little counterintuitive with our thinking. This is going to be, i believe, an april to sell and a may to buy. Its going to be one of those situation where is we see that correction come in april and then it will give investors a real opportunity and what were looking at right now with the strong dollar is equivalent to the polar vortex last year. This is a spring that is wound up and when it unleashes, you will see a second half of earnings and Revenue Growth that is going to surprise a lot of people. All right. Gentlemen, thank you. Youre looking at four guys right there id love to have dinner with together some time. It would be fun to get thrown out of a restaurant somewhere, guys. I dont know where that would be. Who would get a word in edgewise . Exactly. Heading to the close, we have 50 minutes left in the trading session and were heading back to the lows of the session. The dow is down 120 points right now as we begin the Second Quarter for 2015. Well not lower in this down market is go daddy, going gangbusters on its first day of trading at the New York Stock Exchange but can you still buy it after this 31 surge . The pros debate whether the Web Hosting Company is a mustown portfolio stock. And the latest progress on the Nuclear Talks with iran. Plus wall streets top analyst will tell us how it could affect oil and gas prices down the road. Stay tuned. More closing bell after this. Hosting company is a mustown [ female announcer ] who are we . We are the thinkers. The job jugglers. The up allnighters. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can say, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. You can call me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. The selling continues to begin the Second Quarter. The dow down 108 points right now, so its negative for the year. S p down 12 points. Thats negative for the year. The nasdaq, not the case down 39, but it started the day with a gain of 4 for the year so far. Of the ten seconders in the s p 500 index, two are positive today, sara eisen. One is energy and the reason for that we actually saw crude closing above 50 a barrel. Wti soaring today. Some believe its trading on speculation of how likely a deal is with iran on the nukes. Eamon javers has the latest developments on those talks, which, unfortunately, are dragging on. Its pins and needles time as the Obama Administration waits for word from negotiators on whether theres a deal or no deal on the iran nuclear program. The state department saying that secretary of state john kerry is going to stay in switzerland for another day through thursday in hopes of wrapping up talks, and meanwhile back here in washington at the white house, spokesman josh earnest said that the United States is prepared to throw in the towel on these negotiations. Take a listen. If we are in a situation where we sense that the talks have stalled, then yes, the United States and the International Community is prepared to walk away. That said the talks are still ongoing and they said that they are optimistic they might be able to get to a deal. No information on what would be in that deal. Earnest deflecting reporters questions of what the specifics might be and saying any deal will have to be judged as a whole when its announced if its announced. A lot of questions in washington and in switzerland. Eamon, thank you very much. Keep us updated. So whichever way this deal goes what is the impact on oil prices . Joining us now, brenda schaefer,ed a schaefer, adjunct professor at washington university. Brenda, with your policy expertise, given what eamon just said about the comments and the rhetoric out of the administration, do you expect this 11th hour deal to get done . Well a deal is really important to the administration. This is really a legacy issue for the Obama Administration. There was cuba, theres going to be iran. So at some point there will be a deal, but we might have something thats sort of a half deal. In an announcement that a deal was reached but we dont know all the details. This is something that seems to be a number of that obstacles in the different stances between iran and the United States. We might be sort of stuck with a deal but not knowing all the details and somewhat negotiations continuing. But, chad, it would appear the markets rally today, the market betting were not going to get a deal at least in the near term here . Certainly they did that. Now, the war premium is back on. Its sunni versus shiite. Its the saudis versus iran and whats happening in yem sentenceen is a rejection of how opec is dealing with iran. The bet is theres not going to be a deal made and if you look at how brent and wti traded today, people are viewing that as something thats going to create waves into the future and prices will at least sustain themselves at the current levels. We also have Inventory Data out of the u. S. Came in a little bit lower than many were expecting. Still, another record high. Brenda on this energy situation, make the link for us between whats happening in yemen and what chad was just talking about, a potential proxy war between iran and saudi arabia, major oil producers, and the iranian potential deal here with the western powers. Well, you know, oil prices we think they have a lot of mystique, they go up and they go down and why it happens, but its really about supply and demand. Its actually that simple. So, yes, Inventory Data that pushes up the prices a bit. In the middle east and the geopolitical level, we have two conflicting things. On the one hand anticipation of some type of agreement in the market so that brings prices down and the other hand whats happening with saudi arabia and yemen, this is huge. This is much bigger than maybe we might be noticing because yemen is important not because its a major oil exporter. Its only about 100,000 barrels a day but its location. If theres any spillover or if forces connected that are fighting in yemen want to really fight back their way to do it would be to attack saudi arabia. So any sort of incident that would happen in saudi arabia would have a very would send Oil Prices Sky High at least in the short term. So we have two sort of conflicting forces Geopolitical Forces working on the oil price. Yemen is not a big producer but iran obviously is and if they get a deal they expect to be able to bring a Million Barrels a day back onto the market. That would push prices down, wouldnt it . Right. First, a lot of iranian ianian oil is already in the market but its somehow sold through third parties. That oil would come out and be legally sold, and so actually in some markets this would be a slight increase in the price because its sold at a discount in the gray transactions. But, yes i think really thats probably one of the really things thats in the conflict between the negotiating sides right now is actually the return of iranian oil to the market. Thats what they want immediately. Pull it out of the inventories, out of the storage. And the United States doesnt want to do that so quickly because putting these sanctions in place, this was not an overnight deal. This was two years of serious, serious activity. Once the spout is open its not going to be easy to close it again. So what iran probably wants is the oil released. The Banking System released but not have a final, final deal. The United States probably wants a detailed deal before oil is rereleased to the market. So given all these changing dynamics in the marketplace, chad, when it comes to supply including whats happening here in the u. S. How do you expect the price of oil to trade wti and brent in the near term here . 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