Lately, we have a debate with a bull and bear on whether home depots fortunes can last. Thats coming up. This is a catchy tune, though. Im kind of digging it. Its a good one. It may help mortgage place, lending tree, its up more than 50 this year. The ceo joining us to talk more about that on a first on cnbc interview coming up. By the way, dont adjust the sets, im wearing my gene simmons kiss platforms today. Thats why theres a height difference. The latest from the white house, some members of the Republican Party concerned about what the President Trump told russian officials. Well look at why u. S. Stocks dont seem to be phased by all the drama coming out of d. C. These days. Starting, though, with a new bank of Network Report thats calling the most crowded trade in the world right now, the nasdaq. Tech heavy index, of course, as you know, hitting record after record, in record territory right now, as a matter of fact, and the latest 13 filing shows hung Fund Managers are piling into names like alphabet, apple, and amazon. Eisman of the big short fame told fast money last night, hes long facebook. Amazon is one of his favorites. Lets talk about it. Steve grasso is at poersz nine and Rick Santelli at the cme as well. Kim forest, starting with you, you Like Technology but do you agree with it right now . I love technology, and i do agree that its a crowded trade. Maybe not add to the positions, but always have Technology Opinion it is thee thing giving you productivity. Facebook, i can argue can subtracts from productivity, but that aside, most of the other things actually give human beings productivity. We love it. By the way, i have to say, facebook for Small Businesses has been phenomenal, maybe thats one place it helps. Sandra, what about you . Technology affect you right now . Well, its funny because its not like these names just appeared in the last six months. I mean, these are names you should have been holding for the last few years. Quite honestly. If you have not, you missed out. These are long term stories. I would argue that, yeah, right now, i would not be adding to the positions, but im hoping for somewhat of a pullback so i can get some new money in, but at the end of the day, to me, facebook is a little bit of an older story now. I think its more of a mature model versus a name like amazon which is clearly overtaking so many different industries. It started out with books and got into retail, now groceries, now its cloud, cloud storage. Its a continuing growth story. I dont find facebook to be in that same category. I think its a little bit more mature. That being said, you got to have some of these core positions. If you dont have money in them yet, you missed out. Making the case of Warren Buffett on amazon. One of the top, by the way . What would that be . Back to that in a minute. We have to bring it up. Okay. I cant remember the last time someone talked about callaway golf or anything golf. Pursuing the nasdaq right here. I mean, traders would call it overbought, but, you know, i think we can agree on that, but for how long can it stay there, do you think . Sure. You can unwind an overbought status, bill, as you know, if you look at the faang stocks still, do you buy them here . Over the last couple months, we saw so much money try to capture the rally, but if you really look at it, i think its the continuing conversation. Passive versus active management. Look how many funds own those stocks. How many of those overlap . How many funds actually require those stocks to be bought on a daily basis to be accounted for in each funds. Theres multiple funds, multi. Positions becoming this chasing of the tail type event. If you try to thread the needle when this selloff happens, we all think the market is overbought, but we turned blue waiting for that. Thats for sure. Meanwhile, rick, theres a selloff in the u. S. Dollar today down about 98. We got to 103 or so. Its basically, weve unwound the entire bull run on trumps la election, right . Well, yes and no. I guess technically thats correct, but the best way to put the dollar index in perspective is to really they closed at 102. 20. I have a chart ready of the last day of 2016. Since then, spent a total of three, maybe four coming one at 221 in positive territory, and all the days were in early january, so, yes, technically after the election, but also probably before he was sworn in. My guess is the dollars just weak, and if you want to have a discussion about how long to stay in tech stocks, and even crazier discussion to have is bank of england, European Central bank, bank of japan, china, tinkering, stimulating, quantitative easing. Were in a tightening cycle, and our currency is the underdog. Theres a lot of strange mixes going on in this world between Central Banks and no alternative, but i say at the end of the day, know how long to hold on your nasdaq, how long mario draghi keeps the monetary policy. Well get back to you on that. Meanwhile, d. C. Drama to the equation. Stay where you are. This is eamon with the latest news from the white house meeting with officials last week. Reporter we heard from the White House Press secretary spicer minutes ago, not briefing on camera so we dont have the sound, but briefed on the record, and on the record declind declined to say whether the intelligence partner that shared the information with the United States government was israel as reported. He did not answer, but said the United States values its intelligence sharing relationship with the nation of israel. He also wouldnt say whether or not the specific information that the president shared with the russians last week was, in fact, classified, and spicer went on to complain about leakings of National SecuritySensitive Information saying that it appears that whoever leaked the information about what trump said to the russians in the meeting has a political agenda. Meanwhile, we heard from the president today for the first time on camera, himself, talking about that meeting. He was asked about the russians, and heres what he said. We had a very, very successful meeting with the foreign minister of russia. Our fight is against isis as general mcmaster said. I thought he said, and i know he feels we had actually a great meeting with the foreign minister, so were going to have a lot of Great Success over the next coming years, and we want to get as many to help fight terrorism as possible. Reporter so for now, bill, the line from the white house today on all of this is just whatever it was that the president shared, whether it was classified or not, they will not say. It was wholly appropriate to share that, and it was based on the judgment of the president and senior officials in the room at the time. All right. Thank you very much. To our panel now. I mean, steve zbragrasso, start with you. You watch the market minute by minute every day, its not just todays news, drama from washington, but lately, we are not seeing any response in the market from anything coming out of washington here. What do you think of that . Were making too much of the drama or the trump trade is out of the stock market right now . No. I think when you say the trump trade, i counter that and say, you know, weve tried to put it in this neat, nice little bucket of a certain number of sectors. For me, the trump trade has been the entire market as a whole because if the trump trade was over, the market would have turned around. If you look at when he was elected, up 12 , 13 from that point, i think the market, ive underestimated the ability for the market to price in lack of new regulation. I thought you needed to pass something. I thought this market would turn back around. Truth is, you have a friendly government, a 1600 pennsylvania avenue, steve wynn said the other day, you can better plan for your corporation knowing youre not running up against head winds, maybe that, just that, is enough to keep this market on track. What do you add to that . Oh, i think id add that even a little gnat looks large under a microscope. Sandra, are you trading with trump policies in mind or just the administrations agenda in mind, and if so, any changes . Absolutely. Weve been telling you the last few times weve been on that we are making our decisions based on the direction that trump and his administration wants to take the market and take the economy and take the country. That being said, the reason why the market is not reacting, what professional were like racehorses. We got our blinders on. Were not paying attention to all of this noise around us. Were keeping our eye on the prize, which is the path to get to the finish line for our clients, and all this noise is just that, political rhetoric, and it has no bearing on what his policies and what his outcomes are going to be to get this country to move forward, and the corporations know that. Thats why they are doing what they are doing. Get ready to defend your callaway position in a minute, but, fwiirst, kim, what do you add . Ill pile on. Investors are very pragmatic, and i just think they ignore anything that does not have to do directly with the economy or a particular company. So we just kind of maybe we look at it after 4 00, but not between 9 30 and 4 00. Kim, real quickly, after 4 00, are you a buyer of urban on any weakness . You mentioned it a favorite in the past. Yeah, i mean, i like it because its understored, its not in malls. Theres unique kind of targeted segments, and we need stores. Sorry, i dont think im ordering everything from amazon, a lot, but not everything. Okay. So to sansandra, the golf indus in disarray for a decade, what i cant remember the last time i talked to anyone who owned shares of callaways company. Why do you like it here . Thats right. Well, we like it. Weve been following it a long time. I mean, one of the overall arching seats is for the company is to invest in, you know, first, second, third place companies within their sector, and callaway is that. I mean, it is number one in almost every category of golf that you can think of, be it balls, equipment, et cetera, and, you know, they have strulged in the last couple of yearsing but through that all, theyve gone into emerging markets, theyve had some changes in management, and they are now seeing the fruits of that, and they are now guiding up earnings, and so we think that okay. Its been a struggle. We held it awhile, and now it pays off. We think its a 16 stock at least in the next year. And 13 now, maybe its another trump trade, bill. Yeah, in that regard, yes. A lot of people have more money to spend on golf. Yes, they do. If thats where the moneys going. Thanks, everybody. His first name . Yep. Always learning something. 45 minutes into the close, dow is negative by seven points, stated the session higher, of course, lower now, s p down by two, nasdaq hanging on to a gain of a 11. Forward looking to reignite sales and making difficult moves today. That story is coming up next with ford. Sap, expanded partnership with google, and the ceo joining us in an exclusive interview coming up. We, the device loving people want more than just unlimited data. We want unlimited entertainment. So we can stream unlimited action. Watch unlimited robots. Watch unlimited romance. If you are into that. But we also want more like. Unlimited hbo. Can i stop dying now mark . No cant do mi amigo. Its unlimited. Besides you are really good at it james. Dont settle for any unlimited data plan. Only the at t unlimited plus plan comes with hbo included at no extra charge. With ford stocks stalled, they are looking to cut 10 of the salaried global work force. Salaried the keyword there. Phil lebeau has more. Lost in the reporting in what we have done and others have done is the fact this is different from other cutbacks that ford made over the years. Typically, when u tauto makers e ford say theres a major job reduction, the reason is overcapacity and as a result, you see them shutting down plants, primarily hourly workers. In this case, ford is coming off the second most profitable year ever in 2016, and the profit, while they are down compared to last year, they are still relatively strong. Theres decent demand in the market here as well as china, but this is a Company Feeling the pressure to justify the investment that its making in the future when it comes to autonomous and electric vehicles, mobility systems, and thats why its making the move in terms of reducing its salaried head count worldwide. I mean, is it nothing more complicated than just this is the response to the pressure they get from bill ford and the board to do something about the declining market share and the problems they face this year, last year notwithstanding . Thats part of it. I think the other issue here is that ford, to certain extent, is in a box here because it has been making investments. Mark fields and others within the company as well as the Auto Industry believes that autonomous drive vehicles, electric drive vehicles will payoff. There is profit at the end of the rainbow. The issue is, when do we see the profit . When can investors say, okay, i see how much this is going to contribute to the bottom line. Thats what is vague right now, which is why the stock is under pressure, so mark says, look, until we can show that, and he does believe they can show they will be profitable, they tighten the belt strings a little bit. Phil, if imptous is on stall ri workers, is this administrators opposed to the assembly ryan . Right. Its not hourly. Right now, capacity is right sized worldwide. Thats the difference between this job cut action compare the with seven, eight years ago or recession times. Thats driven by overcapacity and too many vehicles being produced, and they cut the number of hourly workers who are building the vehicles. Thats not the case this time around. All right. Stock trading at a fiveyear low right now, as a matter of fact. Thank you, phil. See you later. You bet. Phil lebeau, 40 minutes to go, dow down five, s ps down 2, and nasdaq, any higher today would be another record, correct . Thats right. We hit highs earlier in the session as well. Kind of following oil, slipped back below, that did a lot to knock the wind out of the sails here. Russells down two points. Meanwhile, a scene from the movie, hackers demanding booty money for the pirates movie. Whats it mean for the stock . Coming up. Dwayne the rock johnson may throw away being the hottest paid actor for a run at the white house. The possibility next. Meta appetite control. Its your glass of willpower that helps keep cravings. Far, far away. Feel less hungry with the natural fiber in clinically. Proven meta appetite control. From metamucil. Welcome back. Nasdaq looks at another record close here, up 13 points today, and everybody else is lower by small amounts, so dow down two, s p down two, and same for the russell. How about twitter . Its higher today on news the founder is returning to the company, biz stone, and returning full time in a couple weeks with the focus to jive the companys culture. Twitter shares up 1. 5 . I used to think there was a guy named sky david, popular back in the 90s in the technology world, had the greatest name in technology. But biz stone is the greatest name in technology. Another great name, the disney ceo, bob eiger, saying hackers claimed to have an upcoming new release, they stole a digital copy, holing the movie for ransom. According to the Hollywood Reporter and other publications, the hackers demand a huge sum to be paid in bitcoin, not surprising, threatening to leak the film in chunks if disney does not pay. They would do this before the movies release on the 26th, so far, iger has not disclosed the name of the film, but disney refuses to pay at this point. Deadline is reporting that the movie in question is the new pirates of the caribbean dead man tell no tales, the fifth installment in the series and opens, as i said only two major block busters this summer is that and the new cars movie, expected to bring in hundreds of millions worldwide. That leak could undermine them. There is skepticism whether the hackers do have the copy, right . Exactly. This came up, told employees about it, it was not just as if people got wind of it and reported on it. Reminds me of, by the way, dwyane the rock johnson. Im trying to make the connection there. Yeah. This is percolating for some time, and i dont know if its because he has bay watch movie coming out, but more and more, talk about the hollywood person most likely to run for president its bob iger and dwayne the rock johnson, and hes not tamping down the speculation either. The National Review has a great long piece on the rock, stands, brings people together, appeals to male and female, a great work ethic, profamily, all this stuff, and cuts across the lines. Anymore . I believe anything now. Weigh in on policy one way or another. Run for president and win. You know what . He should be trumps spokesperson. If hes a unifying kick, send him out in the press room. We have a Campaign Song for him as well, right . I do love it. Roll that again. Its in there somewhere. What i felt was right like a rock there you are. Oh, good. Like a rock youre welcome, dwyane johnson, youre welcome. This was the ford commercial song, right . Yes. Bob seger song. We are keeping tabs on the race for 2020, whoever ends up in it. Watching nasdaq, up 12, everybody else weaker today, nasdaq off a record high, yesterday, s p as well closed above the first time. Ibms watson faces new competition. That companys ceo will have all the details. Also, lending tree stock is up 50 year to date, not too shabby. Whats behind the move from the online lending exchanges ceo coming up. Dow is unchanged now. Unbelievable. Hes the 11 sectors now in the s p that they track here. Technology leading the way with nasdaq still at alltime highs, financials strong as yesterday, up today, and material stocks are higher. Utilities, the classic sbra iic rate play and telecom laggards today. Kelly . Thank you. Im on the floor with gordon, why does so much depend on the price of oil still for the market . Well, i mean, if you look what happened yesterday, certainly the move yesterday was directly correlated, the move in energy, materials, the fact they held today is also a good sign, the market stabilized as well as the price of oil. Heading into the most important half hour of the day, though, what we see is todays trend lines sort of continuing, seeing a little of red as we head into the closing bell, so it looks like were a little bit better to sell. Is it