Cboe volatility index . It has awakened now from its slumber. If you played it today, the etf that tracks the bix, you are up 2 . Were also tracking the euro as the march to dollar parody marches on. Now just 1. 10 to buy a euro. Then there is the weather. Just when you thought it was safe to think spring well think again. A serious snowstorm is about to hit the east. Winter storm thor its called. Its epic. Chris hemsworth. Im distracted now. We mentioned the eurodollar trade. The dollar index at its highest point since september of 2003. Good for you. If are you going to europe. On this down day, we got Bertha Coombs at the nasdaq. First to mary and hi mare. As you said the nasdaq or the margin advisory come well off their lows. Its another modest volume session. What we are seeing is an interesting move among the traditional defensive sectors. The drug group, health care group, getting a bid. Thats one of the reasons we see the markets pair their losses todays. Take a look at the hospital operators. Its coming out of the Supreme Court case thats being argued. Also, space in the drug sector. The other traditional sensors, theyre not telecom and utilities under pressure. Utilities extending their slide from the record level that is it hit earlier this week. This is treasury yields start to rise a little bit. Maybe get a little competition to those utilities. Were also looking at the industrials. Theyre under pressure. Most notably, a supplier to the oil and Gas Industries among others. The company saying that its sales for february were weak. Up 8 . Below what lois were expecting. Thats giving putting pressure on its shares as well as its rivals in todays session. Guys, back to you. Thank you very much mary thompson. Lets head out now to the nasdaq in times square where we find Bertha Coombs. What are you watch sng. Its really a Health Care Story here as well. Not a defensive sector here because biotechs are often really one of the biggest sources of volatility but the large cap biotech index, at an alltime high. Weve seen some of these big biotech names move and become positive this morning. The diet drugmakers overall after they posted positive data. Biogeneral at a fresh alltime high today. And the insurers are also seeing a big move to the up side. Anthem, which is listed here at the nasdaq they are seen as beneficiaries if the Supreme Court were to uphold the obama care subsidies. Thank you, bertha. Oil under pressure at this hour. Are prices on the verge of falling even further . Theres lots of supply but it is becoming more and more difficult to find places to store the stuff. Morgan brennan, live with the Worlds LargestStorage Facility in cushing, oklahoma with the opportunities being created out of the storage problems. Man, it looks cold there, morgan. It is cold. If i make some funny faces, its because hail is literally flying into my hood. Nonetheless, take a look at these tanks behind me. These are crude oil storage tanks. Each of these can hold 250,000 barrels of oil. These particular tanks are owned by Enbridge Energy partners but there are dozens of these. Different sizes own bid Different Companies throughout cushing, and many are now full. According to this mornings eia report cushing claims 2. 2 Million Barrels of crude oil. Thats just over two and a half Million Barrels shy of an alltime record high. That means the Energy Companies can turn a profit by storing their crude oil. In i look at todays forward market im looking at a ford curve where six to nine months the crude is selling for 7 9 a barrel more. It costs me maybe 3 or 4 to store that barrel, and theres a 5 profit to be made. But, of course it is becoming you have to be able to secure the storage to make this play work and it is becoming increasingly hard to do that. I mean, just looking at the eia report this morning, more than ten Million Barrels added in the last week of february. This Storage Space is beginning the pipeline crossroads of the world. Cushing, oklahoma. Back to the east coast where a storm is coming. The fed releasing transcripts today from back in 2009 giving all of us new light on what policymakers were thinking as the economy slumped to the bottom and then ban began to turn wrrn Steve Liesman with more on what we found out today. Were they ahead of or behind . At the absolute peak of fear there. Let me ask you a question. In march of 2009 were awe frayed, were you very afraid, or were you very, very afraid . I was very afraid. So afraid we were then at that time own bid General Electric okay, and the stock was at 5 or 6 and i had it in my 401k and i said get me out of it. Interesting. Because there was talk then that a company as huge as ge could go. That same fear per have aeded the federal Market Committee when they met. We got the transcripts today. What we saw is that the fed was essentially making up policy on the fly. The most momentous decision, the quantity takive easing decision in march 2009 listen hear what bernanke said at the time. He said having heard the discussion around the table today, i think i would like to raise a third option. There were two others on the table. Which is the union of the two, which would be the 750 billion of mbs plus the 200 billion of treasuries. Id be open to that as well. There was born a 1. 25 trillion quantity takive easing program. I think Richard Fisher who also has the best way of putting it. The ad hocery of what we are doing is a bit of a concern to all of us at the table, but lets acknowledge the fact that we are in extraordinary circumstances, and we have to play ball according to whats on the field. Now, janet yellin throughout this thing is more concerned than others around her with the economy, more concerned with declining inflation, lower unemployment. Heres one thing she does bring to the table. She says another disturbing sign of how tough things are getting is that people are going to be breaking into their piggy banks to make ends meet. Tyler, theres one line in there that says yellin who ran simulations said if we did this according to the models we would have a negative federal funds rate of 6 . Thats how much stimulus the feds models at the time we had to do. They were stuck at zero. They would not go negative but the models at the time they were looking at showed 6 . This was a time of extraordinary history, extraordinary fear around the table. There was option a and option b, and bernanke said you know what lets do them both. Go big or go home. There was agreement around the table. One other thing, they were all doves in the fox hole. People who would later emerge as hawks, jeff they were all in agreement that the fed needed to act big. I think the fear was palpable at that time. You and i remember it. As all of us did. Dominik now, market flash. Hi, dom. Hey, tyler. Were watching shares of Lumber Liquidators. The stock is dropping sharply now. Now down about 9 10 so far today. The stock turned negative shortly after senator bill nelson, a democrat of florida and the Ranking Member of the Senate Commerce committee released a statement urging the federal government and its agencies to investigate Lumber Liquidators. Of course, this all follows the 60 minutes report that questioned the health and safety of some of the companys products and levels of the stock has fallen 40 since that report. Senator nelsons call mandy, interesting here we pretty much should have expected some of these calls to come out and yet, it didnt move the stock lower. Back to you. Stocks in general are down. The euro is at an 1146 xwreer low versus the dollar. Should investors be concerned . Executive director of u. S. Equities and derivative strategies, Bernie Williams chief Investment Solutions at usaa, gentlemen, great to have you with us today. It almost seems like a curse. Weve had two closers ever above 5,000 for the nasdaq. To you feel maybe the markets have just gotten ahead of themselves . I think for those of us that were there in 2000 theres a sense of been there, done that and i think when you think about whats ahead of us in the month of march, meaning that with the euro dropping to the lows that were at it has to prove itself that it can groeshg and the fed may or may not tell us about the Interest Rate regime on march 18th. Its just time to pause, and i think were take some profits right now and take a little pause. Would you agree with that bernie, and what will it take to get the market going to the up side again . Well do agree. I think were going to have to see how the economy improves and perhaps earnings for u. S. Companies to get the market going. You know the 4 x issue was a big one, and you mentioned the dollar i moment ago. Do you feel that this is getting to the inflexion point that bernie was taking about where its going to be a net negative as opposed a net positive . Weve seen a lot of multinationals that have been able to handle it and are well hedged. Think delta and hp. It is starting to bite. Is this a problem for the rest of the year . Its definitely a concern thats out there. Weve already seen expectations decline to the point that for the most part this hit from fx is factored in, and if we do get stability, then earnings could surprise to the up side, in fact . You think earnings are going to surprise to the up side even though now the predict is deteriorating for earnings overall . Simply because the bar has now been set so low over the last nine months of oil decline and fx depreciation. Its all about expectations. Talking about oil decline, bernie, i know saudi arabia is sounding a note that maybe things are starting to stabilize, and at these levels. Do you think there are good plays to buy Energy Stocks . When they feel the time is right, theyll probably talk it up. Youve had a huge supply response from the companies. Laying off people laying off rigs renegotiating their contracts, and so realizing that oil is a very cyclical business were in a down turn this is probably a pretty good time to start buying Energy Stocks and wait for that up turn which will be volatile but i think well be rewarded for it. For those listeninging slumberge are the two Energy Stocks that you had there on the board. Julian bernie thank you for joining us today. You can also go to powerlunch. Cnbc. Com right now to see julians thoughts on fed tightening, and even the chances of a recession. Yes, the rword has come back into our lexicon. Theres all kinds of things on the website. Go check it out. Ty. Mandy, the countdown is auto to spring that is. 16 days to go. Weve got another spring storm or a snowstorm i should say, heading our way in the east. The Weather Channel tom nizzle tracking it. Tomorrow were going to see that snow work its way into d. C. , baltimore, philadelphia, and even up to the doorstep of new york city. This is going to be a long track storm. Look at the snowfall totals. As much as five to eight inches just north of nashville. There up towards lexington. By the way memphis could pick up a significant amount of sleet and even freezing rain in this situation. The snow will continue. Washington d. C. Through philly area, five to eight inches of snow. Not out of the question to see as much as three to five in new york city. Break it down here for dallas. 52 with rain today going into tonight. Temperatures drop to 24 degrees with sleet ending during the Early Morning hours followed by a high of 41. A little further to the east lexington, 42 degrees today. Look at tonight as that temperature plummets with heavy snow as much as five to eight inches, and then as we go further east to washington d. C. The snow develops around russia or tomorrow morning continues throughout the day. A variety of wintry weather with this long track storm, winter storm thor. All right, tom. The fate of obama care in the hands of the Supreme Court now. Why six words could bring down the entire health care program. Plus, the freak flaw in apple and googles software. Thats leaving you open to hackers. You need to get your freak on. Now with the xfinity tv go app, you can watch live tv anytime. Its never been easier with so Many Networks all in one place. Get live tv whenever you want. The xfinity tv go app. Now with live tv on the go. Enjoy over wifi or on Verizon Wireless 4g lte. Plus enjoy special savings when you purchase any new Verizon Wireless smartphone or tablet from comcast. Visit comcast. Com wireless to learn more. Some headlines. Mcdonalds phasing out the ice of checkens raised with human antibiotics from all its restaurants. The most aggressive move by a food company that pressures chicken producers against antibiotics. Target cutting several thousand jobs into the next two years for the restructuring part of the retailers 2 billion savings plan. Brookshire hathaway debuting plans for a euro bonds sale. The move comes as u. S. Companies and banks gain cash from euro debt at the fastest pace since the recession. Mandy. Okay. Well, the fate of president obamas Health Care Law in the hands of the Supreme Court today. There are about 1,000 pages that will make up the Affordable Care act, but its future is hinging on these six words. Hampton pearson is outside the Supreme Court in washington. Hampton, what is so important about these six words . The meaning of the six words could determine the future of the Affordable Care act. Just like it was three years ago when the mandate was really the front burner issue, we had demonstrators outside the court on both sides of the issue, and we also saw the same idealogical split among the justices. Now, four plaintiffs were challenging the irs rule. They are arguing that tax subsidies should only go to individuals in states that set up their own exchanges. What the Internal Revenue service has done isnt fair it isnt right, and it isnt legal. Now, inside the Court Justice anthony kennedy, a potential swing vote really questioned lawyers on both sides about the negative impact if the government loses the case but he really didnt commit to supporting either side. He is supportive of the government, and he is very unusual for the better part of the 90 minute argument we heard today. Chief Justice John Roberts was silent three years ago when the individual mandate was on the front burner. It was Justice Roberts that cast the deciding vote. Tyler. Fascinating, and we will see, i assume sometime in june. Late june yes. When the decision comes out. Thanks very much. Hampton pearson reporting. To dominik, market flash where are. Those comments tyler, again moving the market here. If you look at the health care and hospital names rallying here, hca currently the best performer on the large cap s p 500, moving to the up side by about 6 today. Tenant health care moving as well. Currently up 5 . Now, as hampton said these moves come after Supreme CourtJustice Anthony kennedy made comments, but he did also hint to this idea that there is perhaps a constitutional problem with the way that obama care challenges are reading the legislation. Now, those stocks are helping the S P Health Care sector turn positive for the day. It is the only tyler, green sliver sectorwise in the s p. Back to you. Very very interesting there, dom. Appreciate it. Stocks down again overall as you see there. A lot of red on the heat map. Down nine points on the s p 500. Theyre off their lows. S p 500 down for the fifth time by the way, in six sessions. Wall streets top strategist analyst market technician will weigh in on where stocks may head shortterm. Also check out this person. She is now the worlds oldest living human being. Guess how old she is. Plus coming up power pitch. A startup on a mission to save you money. Its the Fastest Growing personal finance app in america. But will the panel be in or out . Half a million active users is really impressive in a year. How do you get ten million . Stay tuned to find out. In new york state, were reinventing how we do business so businesses can reinvent the world. From pharmaceuticals to 3d prototyping, biotech to clean energy. Whether your business is moving, expanding or just getting started. Only new york offers you zero taxes for 10 years with startup ny business incubators that Partner Companies with universities, and Venture Capital funding for high growth industries. See how new york can grow your business and create jobs. Visit ny. Gov business recognized by the gun esbook of World Records as the oldest person celebrated her 117th birthday today in japan. She was born in 189 1k38 became the oldest person alive two years ago. She made an appearance for her birthday with her 98yearold son and her 2yearold great grandson. You know ty i believe when asked about the secret to her longevity, her reply was, yeah you know i wonder about that too, but did you know that there are over 58,000 centenarians in japan. The most of any country in the entire world. Genetics and diet i suppose. Diet. Lots of fish. Lots of tofu. Now its time for the power pitch where we have one entrepr