Outbreak . We speak to the companys ceo, coming up. Also lyft you know, lyft are raising another 150 million right now, the majority coming from carl icahn. Coming up well discuss how much this cash and icahns name can help lyft compete with uber. More of those puns are awaiting us. The story today, bill that has everybody talking from Silicon Valley to back here on wall street. What are carl icahns intentions and what does it signal about the prospects for these two in the markets . Exactly. The dow, well start with the blue chips there, up about 3 points. The s p roughly flat. Remember yesterday with the close of 2121. That was a new alltime high for the index. The dow is still 30 points away from where it needs to be. 18,288 is the number we need to keep an eye out for. 33 points shy at the moment. The nasdaq slightly under pressure and still has a few points to go as well if it wants a new high water mark. This is the third friday of the month, therefore, it is expiration day as well. We could get volatility as we head toward the close of trade. Lets talk about a lot of things in our closing bell exchange. Joining us, Peter Anderson from Congress Wealth management here at the new york stock exchange. Mike balkan and Rick Santelli is in chicago as well. Volatility has been mostly peter, in the treasury markets. I mean you know tremendous increase on the long end of the curve there. What do you make of that . Thats what weve been talking a lot about this week. What does that do to the equity market do you think . I love fridays. I think the volatility does take a little bit of a respite going into the weekend but your point is well taken. I think were still trying to digest when Interest Rates are going to rise. I know weve talked about that for a long period of time now. But the thing thats positive about this right now, i think, is that were going so slow that were now starting to digest the real impact of a slight raise in Interest Rates. I think its going to be okay. As long as its done say, a quarter percentage point maybe the end of this year maybe the beginning of next year. People are finally starting to say i think we can live with this. The socalled bond refugees might actually come back into the market when they start seeing that rates will be rising just a little bit but not too much. Make the case for small caps here, especially as we head into a rising rate environment. Is this typically a better period for them. When rates go up small cap stocks, the whole market will take a hit. The mark set starting to digest that. I think thats what the fed wants. History has shown that after a 09 120, 180day period after small caps rise Interest Rates do well. Thats a leading indicator the economy is probably starting to improve. Youre talking about the rising tide in the treasury market. Youve talked about the trading range weve been lifting as well. Now traders are wondering whether or not the s p with that record yesterday is going to break out of its own trading range here. I mean are we starting to see a new phase for the markets do you think . Or are we making too much of it right now . I think some of the very strange tendencies of the fixed income market really for the last six weeks are evidence of that. The range in equities you could argue, yes, maybe we stretched the upside a bit. But lets take a macro view. Lets forget the micro details. The economy is slowing. Whether anybody wants to be objective and admit that thats their issue. We had a historic buildup in inventories last year that helped propel the second and Third Quarter numbers. It fell flat. You can see it in the ism. Retail sales, durable goods, everything seems to say the dynamics have pulled the activity forward. In that arena, i would think it would make for equities to question how much they could stretch through the top of the range, forgetting the argument about significant downside. This isnt rocket science. Its more of an art than a science. But my feeling is the wild card is that were going to on any given day, have a tendency to have a more wild range to higher yields and lower prices. We are at a twoweek low on tenyearyearolds. I think the phase of readjustment might be temporarily over which means the other side of the mountain is a range. 2. 17 is the key to Pay Attention to on closing yields. Mike you were saying rates would be going higher stocks would do better if the economy is performing better. Which is it . Rates, we all agree, rates is probably going up. The question is the timing of when theyll go up. I think the market is digesting that now. I think rick may be right that its growing somewhat. But not a lot. Were seeing it in our companys earnings little bit of growth tepid growth nothing after the charts and all. One thing weve been watching this week, for a while now, is oil. Its locking in its first ever nine consecutive week winning streak. Jackie deangelis is stepping from the nymex to give us the lowdown on that. Pretty remarkable, thats in terms of the data that we from thompson reuters. We havent seen a streak like this since theyve been keeping track in the 80s. Weve seen eight straight weeks of gains but not nine. We did close a little bit lower, 59. 69. We were down 19 cents on the day. We rebounded a little bit after those baker hughes recount numbers came out. We did lose more oil rigs eight of them. Were down 871 since last year thats more than 50 decline. These numbers tend to be supportive of oil prices. Theres still a lot of people out there, Analysts Investors alike saying not so fast. We are going to probably see the price stabilization here or potentially an increase as we go into the summer driving season. They think theres more downside ahead when that demand falls off. That could be as soon as the fall. Back to you. Thats a point, jackie. Peter, its so interesting. Weve had this massive drop in oil prices at least until the last rebound there. Consumer confidence this morning, it took a step back. Again, it was disappointing. Again, this goes back to the question, which way is this economy moving . Well theres another way you can look at oil prices too. Im a big fan of looking at other data sources to get some insight. If you look at the high yield market for instance, last august, that market was flashing sell sell on any kind of oilrelated company. Weve run that screen again and now what its saying is maybe not a red flashing light but yellow, its almost green. Thats another source of data that tells you, maybe oil really does have legs under it and there will be strength going into the summer. Maybe the consumer is just a little bit fickle. Were all kind of confused trying to figure out where we are in this. Sure. If you look at nontraditional data and try to meld that together, maybe that will give you more insight such as the high yield market. We heard as we head toward the close theres selling pressure on two intrasensitive sectors, utilities and reits. Somewhere somebody believes sectors are going higher unlike the small caps where rising rates are going to hurt. I would agree with that. You dont want to be in those stocks if rates are going higher. Im a small cap guy. We love the small cap market. We think over the long run, we think small caps will be a great place to be. You mentioned a couple consumer plays here imax and six flags. Are you talking about a Global Consumer or do you see basis in the u. S. . We love imax because we think not only do they have a Great International play but theres domestic opportunities, too. Imax, you think about them here in the u. S. Its fully saturated. China is growing like crazy, japan, korea, thats exciting also. We have a terrific movie slate here. Probably the next two or three years is the best slate of movies weve seen from imax. The third thing is they have new Laser Technology which will allow them to take their digital platform and move it into traation dl athletetra traditional theaters. Its a company doing all the right things. Six flags, same thing. Theyre the largest regional operator of theme parks in the world. Theyre starting to open parks in dubai and china. Its a licensing development. Theyre letting operators over there do it. Theyre setting up atms is simply what theyre doing. Whats your single best idea. Hsni one of our top holding. Merger and equity activity. Doing market search on that one at home. Yes weve done a lot of Market Research on that at home. Do i urge you to look more deeply into that. There is a lot of behind the scenes going on maneuvering between those two companies. And weve already talked. You dont have to respond to this. Weve already talked in the past, recent activity that weve seen more mergers because of the anticipation of higher rates. The cost of doing business is going to go up. You want to get in before it gets more expensive. Buy now before its more expensive. What a concept. Gentlemen, good to see you all. Thanks, everybody. Your thoughts on todays Market Action. 50 minutes to go until the close here. Trying to hold on to yesterdays gains. Were a half point above yesterdays level, the dow adding 4 and the nasdaq slightly negative on the session. Netflix, a big winner on the final trading day of the week. Dominic chu will tell us whats driving the media disrupter and the rest of the days movers when we come back. And getting that 100 million boost from billionaire investor carl icahn. Find out how lyft plans to put all that capital to work. Ameriprise asked people a simple question can you keep your lifestyle in retirement . I dont want to think about the alternative. I dont even know how to answer that. I mean, no one knows how long their money is going to last. I try not to worry but you worry. What happens when your paychecks stop . Because everyone has retirement questions. Ameriprise created the exclusive confident retirement approach. To get the real answers you need. Start building your confident retirement today. A verdict in the penalty phase of the Boston Marathon bombing case is starting to be read right now in the courtroom. Sue herera has breaking news for us. Indeed bill. The jury deliberated about 15 hours. Right now whats happening in the court is the defense and Dzhokhar Tsarnaev are standing. The judge is reading the verdict. There are a number of key questions, however that they have to go through before they get to the key and final question, which is will he be sentenced to life in prison or will he be sentenced to death . They have to go through each one of these questions and list how the jury found on each one of those questions. For example, the jury has found that the government has proven at least one of the factors necessary to permit consideration of the Death Penalty. The clerk is reading this. The judge is reading it. Were going to monitor it and as soon as they work their way through some of these key questions and there are a number of them we will get right back to you. Once again, it is that last question that will decide Dzhokhar Tsarnaevs fate. Bill, back to you. Thats many minutes away. Lets get you back to the markets here. Its been a volatile week in the treasuries. Prime example would be the tenyear note. This is the yield. We hit a high in the 2. 30 about 2. 32 i think it was. Were at 2. 14 today. Just in that fiveday period weve seen an 18 to 20 basis point move here. Huge moves and this is the story of the week. He indicated some of the selling pressure on the rate sensitive names today. Dominic chu is coraling some of the big movers of the day for us. There is that sense of churning. Lets talk about the individual names making news. Netflix soaring in trading over the 600 mark for the first time ever. Reports are that the video streaming site is planning to enter chinas online video market. Those shares up by 5 . Dillards, the big retailer did report a slight drop in First Quarter profits yesterday as Merchandise Sales fell anden convenientries rose. Down by about 8 today. Flying tiger, a home goods store, now, again flying higher rather flying tiger has officially. Im sorry. Thats the end of my look here. Again, back over to you guys. Youre welcome to join us on that if you want. I want to talk about flying high tiger. Why not. Flying tiger, a home goods store known primarily in europe and asia. Its landed in the u. S. They offer clever products at affordable prices. The founder is with us here getting ready for tomorrows grand opening. Were glad youre here with us in the meantime. Im sure youre distracted and thinking about whats going on over there to get ready. Why come to the u. S. Now . Well, i think the u. S. Is very, very big market its very interesting. We want to see how how a danish store will do in the states. We have taken a completely danish store, put it on broadway, on 21st street. We want to see what happens we think it will work really well. Lets see. The stuff is really cheap. Its this ikea but at a price point of 5 to 10. People are excited because its colorful and catchy. The flip side youre in a lot of other countries now. What took you so long to come to the u. S. . Well i think first you look at the markets. Theres also logistics and so on. The u. S. Mark set quite different than european. We want to see how it works now in the states but we have now 450 stores in europe that are working well. Now its time to bring it to the u. S. Do you have to tailor products to the United States or can you sell the same thing . We sell exactly the same. We can want to take a danish lifestyle, denmark is one of the happiest countries in the world. We want to give that and share that with people in the states which is colorful which is design and very easy to get. We want to see how that works. Not terribly long ago on his weekly program, john oliver drew attention to some of the fast fashion concepts that are cheap, that have high turnover and that lead to poor Business Practices around the world all to give u. S. Consumers a lower price point. Hes quite popular with millennials and the younger audience and quite popular here in new york city. Theres potentially a risk that this whole moment for what youre doing in your industry these price points high turnover has passed. Are you concerned that the customers want to spend a little bit more but to get one item that will last them for quite a while . I think that is exactly what were doing. Were finding a new way in doing so. When we ask a customer how do they feel going into tiger, they say normally when i go into a Discount Store i feel very poor. When i go into tiger, i feel like a millionaire. I can afford it all. Its a new type of shop. Were taking discount in a completely new way, good quality, good design character, the danish lifestyle. Thats what we want to do. Im sure youre on your knees hoping and begging the dollar to continue to go higher. We also buy products where we pay the dollar. Its even. It would make things cheaper erer here for people coming to the United States. Where are these products made . 07 is made in china. With our design. 30 is food quality. Leonard, flying tiger, coming to the United States. It opens tomorrow morning here in new york city. We wish you luck. Anything that puts a skip in the step of folks at 21st and broadway i am in favor of. Like they need that an extra bonus there. 40 minutes left in the training session. Before we get to expiration as well. There could be volatility in price and volume. Right now, the dow is virtually unchanged at this hour. The dow transports have been on a slippery slope, gaining ground today. But someone expects them to resume their downward slide. They debate the bear and bull cases for the transport, next. And lyft getting a lift. A 100 million infusion from billionaire investor carl icahn. How concerned should rival uber be about that . The pros will talk about that coming up on closing bell. Stay tuned. Weve talked about many of the major averages hitting record highs in the last couple of months. Different story for the transports theyve had quite the pattern since the year began. Look at the volatility for 2015 so far. While its all over the place, so far, net net, the index is down 5 or more this year. One of our next guests says something just isnt right with this sector and he thinks things could get worse for the transportation stocks. Lets brawl this important one out. Carl werth,. We know its the precondition that sets up weakness, which this in the 13 14 period. Its the best performing theme of the market with the exception of biotech. Virtually doubles. Its been rolling over since friday, november 28th. Theres nothing random about that day. That is the day that opec said were not going to cut. Were going to see this through to the end. Ever since, the transports come dominated by rails and certain truckers and the airlines which should be benefiting have stalled. The presumption is that this big bullish to bearish reversal this big topping out formation has more to run. Gary im guessing youre with hodges the name hodges to me says value. You perhaps see value with the decline in a lot of these transportation stocks, yes . Bill youre right. We think the airlines are poised to move higher. And theyve cut their capacity. Theyve consolidated. They have pricing power. Operating margins are improving. We believe this oil will stay lower for longer. So we think thats going to provide a big tail wind for the airlines. We love american at the hodges fund. We like southwest airlines. We think their earnings and cash flow will drive higher and move these stocks up that will reverse the downward trend and the transportation averages. Gary dont you think the average is already telling you which direction matters more as Oil Prices Keep dropping . Would you feel more comfortable if oil stabilized. We think it will stabilize in that 55 to 65 range. We think that will be of benefit to the airlines. They made great money when oil was 100 a barrel. We think theyll make a lot more this year. Theyre all giving cash back to shareholders returning cash in the way of dividends. Theyve got great share buy backs and we just think this is a buying opportunity. And that looking out over the next 12 months the airlines will be a lot higher. Carter youve got some stocks that you would avoid. Are you shorting these guys . Youre looking