Year. The country unveiling its highly anticipated budget. The indian budget i never thought when i was a young fellow, that i would be talking about indias budget, but here i am. The indian stock market up 7 this year. Outperforming the s p 500 and the dow. Soaring 40 after just the past 12 months. The question is will india deliver . Sima and bob. Tracking the big india etf. You first. Tyler investors are calling it a make or break moment. Tomorrow we will get the answer as to how Prime Minister modi who was elected on the promise of reform is planning to tackle some of indias Biggest Challenges and thats a lack of infrastructure. A complicated tax system. Not to mention, corruption. Now, if i understand wra wants to become the next manufacturing hub of the world, analysts say the country needs to spend more on infrastructure by investing in coal and power. It also needs to enable the private sector to lead the next wave of growth. Investors will be also looking for an update on monetary and fiscal policy with inflation lower, thanks to declining oil prices. Will the Central Bank Cut rates even further in 2015 and stimulate growth . Lastly, foreign investor will be a key focus. Especially as multinationals look to expand further into india. Big promises being made by modi. Expectations are high. The big question is will he deliver . Well get that answer tomorrow. Lets go to bob. A little closer to home. Bob, you have been tracking the major india etfs. What are they telling us . Its a big country. A billion people. A lot of investor interest. 5 gdp. Theres a lot of choices, too, so. The big kahuna. This is inda thats the symbol here. Its market cap weighted. Its the msci. You get a broad crosssection of india. Take a look at the chart here. Youve heard from seema and modi came into power, the moves were dramatic in this particular group. Look at that. Very liquid. A million shares a day. Thats the good news. You dont need to have market cap weighted. Its a whole class of etfs out there called smart beta that weight indexes in a different way. The leader is wisdom tree. They have an india earnings fund. Just like it says here. This is a fundamentally weighted index. It measures the performance of companies in india that are profitable instead of market cap weighted by profits. Its based on earnings in the prior year. Got 2. 4 billion under management. Thats very good. H very liquid. Four million shares a day. Its even a little more volatile than the imda and its outperformed the market cap weighted index. The imda that i just showed you. You can get very specific with these etfs. Even in india. Let me show you the third and final one. You can actually buy indias infrastructure if you think thats what you want. These are 30 companies that are the India Infrastructure business, and its market cap weighted. Let me show you this. This is the most volatile of all of them because its a small group of companies. I would also note here heres the down side low volume of trading for this. More volatile than the other two. I will also know tyler, very low assets under management. Thats not normally a problem. That can make these prices move around a little bit. Just a factor but a lot of choices. Sfroo bob, thank you very much. Bob pasani reporting. Down a little bit today, but it has been a great month for the nasdaq. Up 7 for february. Edging closer than 5,000. As we point out, down about 11 today. Bertha coombs following the big we actually got about within 12 points 5,000 at the open before falling back. It certainly doesnt help that am today is back below 130 a share. You have a lot of leadership today, a lot of stocks at fresh highs, including monster. Ross stores as well. Firing on all cylinders. And an alltime high. Then you look at some of the old guard that still havent put out and made their new alltime highs. Cisco, intel, microsoft still havent hit new alltime highs, but these days they do give def dendz, and thats one of the interesting things. More than half of the nasdaq 100 issues dividends, and theyre fairly handsome. 3 or more. Back to you. All right bertha thank you very much. To Brian Sullivan for a news alert. Thanks tyler. Looking at the Baker Hughes Rig count. Its one of the more important numbers out there. Oil and gas rigs dropped again. Down 43 last week although 33 of those were oil. Ten were gas. Overall were down 502 oil and gas rigs from a year ago. 444 of those were oil. The baker hughes recount is drilling rigs down 43. Guys, this is interesting. We bring up an intraday chart of oil. Maybe the market was expecting more future production to come off line because when the numbers came out, the price of oil did not stabilize or go up. It tropicaled. In fact, about a buck a barrel. Were now at 48. 60. We were above 49. You can see maybe the market expecting, guys more drilling rigs to come off line and i say this every time we do the numbers. Again, again, again. Drilling rigs are going down but production is going up. The amount of oil we are producing in america is at an alltime record high. 9. 28 because of the rig that is are coming off are bad wells. Good wells are producing more. Theres more oil. Fewer rigs. Down the road well have less production theoretically, but right now its the highest its ever been. Okay brian. In about an hour and a half time you also have that oil close, so well be watching the price of the intraday moves all the way to 2 30 eastern, folks. That is when crude is going to close for the day, and, of course, the week. Well, lets talk about a month, though. Its been a great one for starts with the dow. The s p up around 6 . The nasdaq higher by over 7 . Where do we go from here . Especially if and when the nasdaq hits that psychologically important 5,000 mark. Joining me now is katie nixon, chief Investment Officer at Northern Trust wealth management. We also have eric chief Investment Strategy sdwris at russell investments. Great to have you both with us. Since youre standing right next to me, ill start with you. Its a simple question to ask. Maybe not so simple to answer. That is where do we go from here . Well, we think the direction is up manned where i. Especially with u. S. Equities. With solid fundamentals and a lot of the bad news behind us. You know having gotten past the energy freefall past the ecb announcement, and now really focused on a fed that really does seem to be very very patient and will probably be slow and quite deliberate in terms of changing policy. What about the earnings picture . This is something that bob has been beating the drum about. Might even beat the drum later on in our show. The picture there is deteriorating. Does that not worry you . You know it does. Were actually watching that quite closely. We have about a 3 earnings gain number for the s p this year but were subject to revising that as ooeftsz unfold. We see headwinds there and currency headwinds for sure. So that number is subject to revision. If your horizon is over the next 12 months we like stocks we like u. S. Stocks we like maybe europe a little bit more. If you are going to trade it theres a chance that what you see the market is going to trade flat after the big gains in february, which i think is really a sign that the market had processed the First Quarter earnings. The comment you made a moment allege eric that you like europe a little bit more than you do the u. S. How would you be playing that right now some for example, sort of what what allocation would you be 2k3wi6g to europe . How exactly in europe . Europe is a big place. Were finding out a very different diverse place. You want to page more money in the peripherals, but we want to take a lot of risk. We think probably the right place. Core europe. Look at multinationals. Theyll benefit from an improving kind of european domestic economy. The numbers are clear that thats happening, and theyre also going to theyre actually going to benefit seriously from a weak euro. Imports or exports will be up for them. Imports will be up for us. Our exports are going to go to be down. The ecb is printing money. They are really aggressively getting out there and that just makes stocks more attractive in our opinion. Lets move around the world a little further afield and that is to emerging markets. I know that one big change you made the past month is that you started to categorize Monetary Policy as a does that mean youre getting more bullish on the equity picture as well . Its too early to get bullish, though manned where i. Were accommodative of policy but its a function of very much slowing growth across the emerging markets. How do you feel about europe . Quick thoughts . Positive on europe. For all the reasons that were just stated. I think its interesting the multinationals have 60 , 70 , sometimes 08 coming apart from europe. The weak euro will be a clear tail wind to them. Okay. Thank you so much. To katie and also to eric. You can also check out aircrafts international play in more detail. Can you go to power lunch. Cnbc. Com right now to see if maybe you should also be thinking about adding european equities to your portfolio. That is power lunch. Cnbc. Dom. Ty. Mandy, fantastic february. The dow and the s p up 6 . New highs for them. The nasdaq up 7. 5 . Edging ever closer to 5,000. Potentially to new highs there. What will march hold for investors . Remember folks, it was march of 2000 dominik, that the nasdaq hit its alltime high. It was also march of 2009 that we hit our lows during the recession. March is its an interesting month. Its an unusual month. Take us through what could lie ahead. This is again, notst its noting to we can predict whats going to happen. A lot of traders and investors like looking towards historical clues for what might happen in the future. We asked our data partners over at kenshow, the data and Analytics Firm about what happens. If you look at the s p 500 so far yeartodate a respectable 2. 5 gain after two months worth of data on the books. Now, if you look at the overall picture of what march holds, they crunched the numbers, and they found this. First of all, the s p 500 posts an average return of over 1. 5 for the month of march. Over the last 20 marches. Thats interesting. Historical data no proof its going to predict whats going to happen. Still, over the last 20 years, the its up about 70 of the time. Pretty good odds if you look at the last 20 years. The dow jones is up about 1. 5 and its up even better. A 75 time of the time. Three out of every four times the last 20 years it goes higher. The notable lagger here is positive enough. I saw up about threequarters of 1 , but only positive a little over half the time. Now, take a look at the sector standouts. They also looked at those as well. Sector etfs over the past 16 years. Thats how long theyve been around. Industrials, the xli as well as utilities, the xlu, two of the better performers with some more positive at least hit ratios on that side of things. Back to you. All right. Thank you very much. Lets take a look at coffee prices shall we . This month down 12 . Coffee the most volatile commodity in the past year. Fueled by changing weather down in brazil. Thats the Worlds Largest producers and exporter. Rains have improved the crop prospects. Prices now at their lowest level in a year. What does that do . It helps the coffee stocks. Starbucks with its tenth ranked high. There you see it a little off today at 93. 08 but the stock is up 40 , mandy over the past one year. One of the most popular places for custom suits is hemmed in by a talent short arch. Thats when power lunch comes back. Theres a difference when you trade with fidelity. One you wont find anywhere else. Onesecond trade execution. Guaranteed. Did you see it . In one second, he made a trade we looked for the best price and the trade went through. Do the other guys guarantee that . Didnt think so. Open an account and find more of the expertise you need to be a better investor. Were watching shares of Weight Watchers today. The shares are tumbling down more than 30 after the Company Reported disappointing results. Its its new 2015 guidance of earnings of 40 cents to 70 cents a share are much lower. They were looking for 1. 43. Weight watchers, very much in the red. I think its lost more than half its market value ing course of this year. Young brands jumping after the Company Announced it will allow investors to nominate board members. You might remember. Citigroup and joan electric also gave shareholders proxy access. Black rock closing in on an investment deal with fitness bands maker jaw bone. Considering investing up to 300 million. And potbelly considering investing in a company outside the restaurant strir. Its fallen more than 37 in the past year. Ty. Mandy has come to symbolize around the dmroeb. The custommade suit. It is now coming under threat. Mark zucker burg may still like his hoody, but the rest is shifting away from the problem is theres a taylor shortage in one of the worlds top markets for custom suits. Right now im wearing the most recent suit i have received from empire. Paul leaf often flies to hong kong for his custom made suits. So does richard. Its at least once a year sometimes twice a year. Demand in the u. S. For these suits is so strong tailors are coming here. This is a classic. Like anthony, who founded empire tailors in hong kong over 30 years ago. Hong kong is known globally for well made custom suits, which cost a fraction of those you would buy in europe. Demand subpoena for return in popularity for business formal thanks to don draper. Heres the problem. Mark says the spoke prices are rising. Not due to materials, but a lack of quality labor. I think 1,000 is the average price because we just dont have enough tailors. Thats what he said in los angeles recently, and back in his shop in hong kong he says the number of stores like his are shrinking, and the average age of tailors now 60. Younger chinese are not interested in this career. I think people would rather do this. The Younger Generation but this. A suit that used to take five weeks to make and ship from hong kong to the u. S. Now takes twice as long. Some tailoring work is moved to mainland china, but he says the quality is not the same. Shoulders are proper . Yes. Empire hopes to find new talent soon. Customers like l. A. Lawyer shareef are counting on it. Once i started having to wear a suit a lot for work i really began to appreciate the difference in quality as well as the fit that you get from a tailored suit. Of course what happens when theres more demand than supply . Prices go up. If they gup too much guys hong kong will lose its price advantage over europe. I like what he said though. Young chinese would rather do this than this. Very true right . So true. Its even just the image of it isnt it . Yes. New generation. Thank you so much jane wells. Oil, meantime trying to end eight straight months of losses, but this may not be the end of the slide. Why theyre still saying oil will go down to 20 a barrel. Plus, crime and punish am. Andrew day as usual, on the case. The credits are finally rolling on the hollywood movie scam after studio heads its all coming up right here on power lunch. Ion happens again. You know what . 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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. Ten years . Five years . Theyre all dawn on the day, but not very much. Theyre all down about eight basis points on the week. As you look at the following charts, all the day before that january 22nd, ecb meeting, its very fascinating. Theres your tens. Up 15 basis points. Your boons down about 20. Heres a good one. The Euro Currency was around 116. Now at 112, and breaking down. Dax up 111. Seems like europe and qe is the focus for the next month. Back to you, tyler. All right. Rick, thank you very much. More than 700 investors were all looking to make it big in hollywood, but instead of making their box office dreams come true, theyve turned into a financial nightmare. Andrea day has more. Were talking about 21 million. Thats what investors handed over to a movie studio. Thinking of projects like a 3d version of the wizard of oz. At least thats what the studio has promised. Listen to this. I believe we can not only execute the films that we have in our development, but we can execute them and have them become successful. Thats david prichard. He was once a producer on hit tv shows like family guy and the simpsons. That was before he signed on with this company. Gigapix studios, and began raising money to produce what was supposed to be a huge hollywood blockbuster. According to prosecutors, the only thing gigapix produced was fraud. There were over 700 investors who put in a total of over 20 million, and absolutely nothing was done that could make any money for anybody. It all began in 2006 which gigapix studio founder brought on prichard as president of the company. To fund the studios upcoming project, they hire telemarketers zoosh the telemarketers at gigapix targeted people who were not wealthy and had no idea what they were getting into. And what they were getting into was a financial disaster. With debt spiralling out of control. They couldnt pay salaries. They couldnt pay their electric bills. But they continued to solicit funds. Assistant u. S. Attorney ellen lindse california sfwloosh they told investors that they were doing great and that they were going to be making this movie oz 3d that was going to bring in huge amounts of money and all kinds of returns to the investors, but rather than mak