Seismic action . And get this, two anchors under the same roof, sue. I know, who knew, who knew. Its great to be with you up here at headquarters. Lets focus on the dow. We had a very strong morning. The dow up triple digits earlier today. Right now, up 82 points, 16,330. The s p also had a firmer opening. Right now, the s p up almost 11 point, better of that. 5 . The nasdaq is the winner on a percentage basis. It is up almost a full percent on the trading session. As for Interest Rates, weve begun of course the twoday fed meeting. Right now, the tenyear yield is at 1. 674 . One of my favorite things to watch, the transports, up at 50 points to the upside. And comex gold with the market rallying, well, some steam coming out of gold, down about 11 bucks on the day. Big question for inest hafst ve and traders alike today is a plan to change the rules on highspeed trading. Would it make the markets more fair or would it make it worse . Now, some of the details on that. New York State Attorney general Eric Schneiderman very critical this morning of High Frequency trading in a speech in new york. He said some of whats going on in the High Frequency trading world is essentially Insider Trading 2. 0. Take a listen to the attorney general this morning. Building tremendously lucrative advantages into markets for High Frequency traders at the expense of the investing public is wrong. Its time that we focus on Structural Reforms and restoring the mindset of winning based on price, winning based on smarts, rather than winning based on speed. Now, he didnt single out this firm by name but he did refer to a stat in the ipo filing last week. Whats attracting schneidermans attention is this sentence in their filing, as a result our realtime Risk Management technology, we have had only one losing trading day during a total of 1,238 trading days. Thats from january of 2009 to december of 2013. That is a long time for a winning streak. Schneiderman raising some kweps about that. Virtu did not respond to calls for a comment about this. Buy a High FrequencyTrading Association did respond. They say location and market data feeds are the modern markets demock contractization of the process. Similar to having people on the Trading Floor but it allows for more participants to have the same access than the floor ever did. Thats Peter Nabicht of the modern markets initiative. Now, to the floor of the New York Stock Exchange where theyre always focusing on highspeed trading. Do we need tough regulations for High Frequency traders . Lets talk to joe,co head of trading. Keith roth is ceo of enterprises. He joins me from chicago. Youre one of the godfathers of people who looked into the underpinnings of highfrequency trading. Whats your response to what the attorney general said today . Thank you, bob. Certainly examining highfrequency trading makes sense. But its been a tremendous efficiency for the marketplace. I would agree with peter neighbt that its democratized access to the floors, has made things much more efficient for everyone. Youve been one of the frequent critics on highfrequency trading. Whats your response . The attorney general didnt necessarily point. He talked about the enablers or the system. Hes talking about the infrastructure. The exchanges. The data feeds. The location. The highspeed switches. The payment for flow thats inside this model. If hfc is benefiting at the expense of others, thats what we look at. Id like to ask keith a question. I understand the liquidity argument. And i understand the democratization argument. But the perception on main street is that highfrequency trading, the dart pools, that it creates a rigged game. Whether that is true or not is kind of beside the point. Thats the perception. Yes, and wouldnt regulation or some sort of regulation go a little bit towards alleviating that perception . My concern would be that the regulation creates another effect thats going to be even a bigger problem. So it needs to be very careful what you look at. It was designed to give people an incentive to display their orders in 2005, and its turned out that dart pool trading has accelerated even faster. So you need to be very careful. But there is a method to do that now. You can have a competitive electronic auction in the marketplace that will essentially recreate the floor dynamics of the preelectronic era. Joe, let me jump in, if i might. Joe, is there anything wrong, on its face, with someone having a faster computer or a better algorithm that gives them an edge . Isnt that the inexorable sort of upward movement of progress in technology . And shouldnt we applaud that, not revile it . Absolutely, not antitechnology. If you can run faster, thats a great idea. However, you need to start looking at why the system has been built the way it is. Advantages that are being taken advantage look, if you have access to a data feed and you can see something before the security information process and if a dart pool is pricing off of the sip, weve got two different quotes. Heres the thing, all you need to do is surgically take a look at some of these issues and the market will fix itself. I need a quick answer for both of you it, i want to answe the same question. Mr. Snyderman says he wants a speed bump in trading. Essentially a little break in trading, maybe some point where you could even trade at a certain speed. Would that work . Is that even practical . Quick response. Keith first. I would go back to your comment this morning, bob. It just shifts the speed race to a different place, it doesnt solve the problem. Look at the plumbing. We dont know. Maybe you need a pilot program. Take a look at it. I cant answer. I do know there are problems inside that need to be addressed and the regulators know about it, the sec they had a proposal in 09 to take a look at dart pools, a proposal about flash orders. They did nothing. Hae ta they talked about latency orb traj. Now they have to look at why it isnt getting fixed. Why do you think no, because the industry comes out and writes a million comment letters against it. Joe, keith, thanks very much. The debate will go on and on. We havent solved anything. Thanks very much. Its going to continue. Thank you gentlemen, very much. Bob, let me turn you to the market. And bring in our analyst, director with oneil securities. Think i just gave you a promotion there for a second there, kenny. Thank you. And youll take it. The market lost a little bit of steam after it opened up but still another strong opening. Weve stayed up against some of those resistant level, up above them. That seems to bode pretty well. It does. I think that, you know, weve seen that happen right around 7 30 this morning. The news came out really with putins speech there, where he was talking about actually not going further than crimea, right, hes got no intention of taking over ukraine, so he says, and you saw the futures go from negative 5 to plus 7 quickly because its that sense of maybe the tensions will ease, you know, maybe this will deescalate. Youve seen it today, we had some mixed economic numbers. Not bad, not really great, but certainly solid numbers, certainly helping to hold the market right here near the highs. Isnt that incredible, that putin says i only want crimea, i dont want anything else, and everybody thinks this is a breath of fresh air as a comment. Angela merkel even came out, the chancellor of germany, saying were looking for diplomatic solutions. Theyre all looking for a way out. And the market rallies. I think the market got exactly what it wanted. Crimea wanted to go back to russia. Thats the sense everyone had. 98 of them voted to go back. There was no bloodshed. There was no war. In that sense, the market is celebrate, right, it likes the fact there is not an escalation of tension. What does the market want from the fed, kenny, or anything at all . Or what is it expecting, perhaps better said. The market is expecting janet to come out and qualify her statements, talk about the new qualitative measures shes going to take. Shes always going to leave herself a way out, right, because in case things turn bad, shes going to have the ability to jump back in. But theyre certainly going from 6. 5 down to 6 in terms of unemployment. Thats been talked about now for a couple of months. And another 10 billion. The markets ready for that. If it doesnt get that, then i think the market gets a little bit confused. As long as it gets that and it gets the clarification on what the new qualitative measures are, then think the markets going to be fine. So slow and steady . Slow and steady wins the race, like the tortoise and the hare. Lets go over to dominic chu for a market flash. He is neither a tortoise nor a hare. Shares of u. S. Steel are storm back to the upside, after losing nearly a quarter of their value since highs in early january. Some bargain hunters may be stepping in. Remember last week, late last week, analysts over at Credit Suisse downgraded the stock to an underperform. But said that the possibility of a floor in steel prices may not be too far off. Steel, though, x shares are down about 15 in 2014, tyler, back over to you. Shares of gem motors higher today but the stock is down 15 over the past three months. A wave of recalls hanging over the company. Ceo mara bara speaking to reporters today, phil lebeau in chicago for us. A discussion between bara and reporters at headquarters in detroit. Essentially, heres what she had to say. Didnt provide a lot of detail in exactly what went wrong when it comes to the recall investigation but she did answer some questions, admitting, yes, the recalls took too long. And, again, she didnt get into details about whats being investigated, but she was asked about tony valucus whos been hired by gm, a former u. S. Attorney, to investigate what went wrong. She said, we wont sacrifice accuracy for speed but we want to do this as quickly as possible so we can move forward. This is just a handful of steps that we are taking to make sure our recall process is going to be timely going forward. That internal investigation may take a couple of months. Bara said she had no knowledge of the ignition problem before a committee brought her the idea of recalling these vehicles. She also defended the safety of gm vehicles. By the way, she made it clear if you still have one of these cars, use only the key, not the key with the key folk on the ring, just the key. Also appointed this gentleman, jeff boyer, to be the new Vehicle Safety vice president. He will be in charge of all safety matters including the recall process. He will report to the top executives, including mary bara, including the board of directors. You guys mentioned, down 15 . But it has gotten a bounce here of up more than 4 since bottoming on friday. Phil, quick question. The gentleman whos been appointed their chief safety officer, was that a vacant position, a newly created position . Newly created. It seems curious they wouldnt have had such before. Everybody on wall street has a chief risk officer, for example. What they have is a committee that decides on recalls and that committee is still there but he is now going to be in charge of all issues involving safety. One other point here his direct report hell be filling in mary bara and the board of directors but his direct report is a gentleman in charge of safety issues as this entire recall process played out. Mary bara was asked about this today. Didnt give a lot of indication about what relationship and what this other gentleman may have known. Theres going to be more questions about that. They had a safety committee. The old saying about committee is a camel was a horse designed by a committee. The ongoing mystery of flight 370. Overnight, i read a story indicating the flight computer, that manages the flight management system. May have been chnged. The idea is when you look at the tra jekty of flight 370 after it lost communication, its clear that it made a diversion out to the west. This is not something the pilot could just do by grabbing the throttle and turning the plane. They now believe that i say they, investigators believe the flight path was put into the flight computer after communication was cut. That system is located in the cockpit between the pilots. Reprogramming it, by the way, is not something you and i could just go into the cockpit and do. You have to have some knowledge. It takes about eight keystrokes to punch in where the plane needs to go next. So this was programmed in terms of where the program went after they lost communication. Day nine of the search has turned up no sign of any debris. They are searching along those two arcs, you see that middle point there in red, theyre searching on those two arcs for this plane. As you go to the south there down into the south indian ocean, off the coast of australia, really not very close to australia, there is a Navy Poseidon doing some searches in that area. Weve talked about this, they continue to look into the background of the two pilots, because its clear when this plane was diverted, tyler, whoever die veerverted the plan either had the pilots doing it or the pilots themselves made this decision. Obviously, more questions than answers at this point. Phil lebeau, thank you very much. Of course, a story everyone following with great interest. Sue. Absolutely, all right. Happening right now, disney meeting its shareholders. The big event starting as we speak. The shares are up 14 in a year. Theyre up twothirds of a percent today. In the last three months, the stock is up 15 . Morgan brennan is live in l. A. With some of the details. Hi, morgan. Hi, sue. Disneys kicking often its annual Shareholder Meeting and weve got news to share. According to a regulatory filing, disney is tweaking the wording in its proxy statement as it relates to the chairman position. Heres the gist. Basically the chairman of the board be an independent director unless the board decides it would be in shareholders best interest to do otherwise. What exactly does that mean . This doesnt effect ceo and chairman bob eigers positions. The language clarified the standard the board had previously committed to. What it does do is appease shareholders who are looking to vote today on whether the largest stockholders could actually nominate candidates to the board. That is reportedly now off the table. So other topics that could come up today. Secession plans for ceo bob iger. His tenure was extended through june 2016. Theres buzz about who succeeds him. The two top names being tossed around, the cfo, staggs. And sweeney said just last week that she is stepping down come january. Lastly, any comments on disneys landmark deal with dish network, that involves access to disney content for a web based over the top offering. Disney hasnt actually directly spoken about that deal yet so were going to be keeping an ear out on all those topics. Right now, disney shares are up about a little over half a percentage point. Tyler, back to you. Morgan, thank you very much. So, howd you like it if your city gave you 200,000 to buy a house . Well tell you whos doing it next. And are the quakes back in california . Jane wells reporting now on some troubling signs. Jane. Heres my earthquake face. We had a little shake this morning, a much stronger one up the california northern coast. Suddenly people are asking, hey, you know what, i dont have earthquake insurance. Well talk about it. l l talk ab. A 401 k is the most sound way to go. Lets talk asset allocation. Sure. You seem knowledgeable, professional. Would you trust me as your Financial Advisor . I would. I would indeed. Well, lets be clear here. Im actually a dj. [ dance music plays ] [laughs] no way i have no Financial Experience at all. That really is you . If theyre not a cfp pro, you just dont know. Find a certified Financial Planner professional whos thoroughly vetted at letsmakeaplan. Org. Cfp work with the highest standard. Save you fifteen percent or more on car insurance. D Everybody Knows that. Well, did you know pinocchio was a bad motivational speaker . I look around this room and i see nothing but untapped potential. You have potential. You have. Oh boy. Geico. Fifteen minutes could save you fifteen percent or more on car insurance. At a company thats bringing media and technology together. Next is every second of nbcuniversals coverage 0f the 2014 olympic winter games. Its connecting over one million lowincome americans to Broadband Internet at home. Its a place named one americas most veteran friendly employers. Next is information and entertainment in ways you never thought possible. Welcome to whats next. Comcastnbcuniversal. We couple back to power lunch. More and more going to tablet in computing. Up 4 today. Challenging microsoft as the best performing stock in the s p. Microsofts introduction of Office Software made for apple devices is made fors should tears and makes flash memory products used in products like smart phones. Up about 10 in 204. Up 43 , tile, over the past year. Check out this new Surveillance Video showing just how much, wow, the ground was shaking during yesterdays earthquake in southern california. Its the first 4plus magnitude quake to hit the l. A. Area since 2008. Are the quakes making a comeback . Jane wells live in los angeles. Jane. Cal tech says it will take months to figure that out as it ponders any potential increase in activity. Whats weird about yesterdays earthquake, it hit along either one of two fault lines under the Sant Ma Monica mountains where theyve never recorded a quake nearly as large as 4. 4, so what does that mean . Those two faults are extremely quiet. Which could mean two things. One is theyre just about to go there, theyre so loaded. Or it could mean theyre ways away from having an earthquake. So, but we cant tell which case it is. Excellent. Whats troubling about a fault line not known for activity suddenly waking up is that theres now hundreds of millions of dollars of new construction going up in hollywood on top of a different new disly covered fault line. Developers say tests show no sign of activity but what happened will likely renew caws to halt construction. Heres a map showing the number of quakes. Most are along california, especially in the far north of