Elimination of a single word. Patience. Will the fed lose its patience . Will it stay in the statement . Will it be gone for good . What will it mean . Will it mean another taper tantrum in the markets. Also high on the agenda this morning, everything else. Look at the tenyear note theres the yield at 2. 05. Gold down just a little bit. West texas up just a little bit. And the euro lower. It just takes 1. 06 now to buy a euro. Mandys out. And as i mentioned, sarah joins us from the nyse. As you mentioned, all ten s p sectors are actually red today. Materials, consumer staples, and energy getting hit among the hardest. Bob pisani down here ahead of the fed release tomorrow. Lets talk about those Energy Stocks that made a turnaround. Its very hard to put together two up days. I want to show you the s p 500, where were coming off of the bottoms, but not by too much. Were still in the red. And as sarah mentioned, its energy that you want to watch. Now, this happened yesterday and its happening again today. Energy stocks started down as we hit new lows on oil and have been turning around midday. I want to show you Something Like anadarko petroleum. Im picking one stock of many that we could potentially pick. But thats what happened yesterday and its starting to happen today. Some names like anadarko lets put up some energy names that have been negative all morning, have just now turned into positive troy. Transocean was positive five minutes ago. You can see either side of positive or negative. After making lower lows intraday, yesterday and today, oil is rising and its bringing oil stocks back with them. Home builders just an awful report this morning on the housing front. Starts well below expectations. I mean they missed the numbers by like 15 . That rarely happens, but still, i think, very modest declines sarah, in the Home Builders given those disappointing numbers. A lot of people are hoping that the permits numbers were pretty good and well have a nice spring rebound next month. Transports, outperforming today for a very simple reason. American airlines going into the s p 500. Jetblues is in the transports. Southwest in the transports. Thats lifting a little bit above overall expectations. As for the trading right now, theres no signs that the market is particularly worried about whats going to happen on wednesday. Its the bonds im watching and yields there still remaining pretty muted. Lower yields and weaker dollar. Over the dom chu for a market flash. Land and buildings making Investor Presentation advocating for the conversion of the company to a Real Estate Investment trust or a reit. It says that mgm could unlock substantial value by doing so and it wants to nominate four members for the mgm board. Land and buildings currently owns a less than 1 stake in mgm. In a programming note land and buildings founder and coo Jonathan Litt will be joining us to talk about his proposal. Tune in today at 5 00 p. M. Eastern. Thank you, dom. Honing in on the Utilities Sector may have led mondays rally and been outperforming today, but the group is among the biggest losers so far this year. Investors anticipating the Federal Reserve to hike Interest Rates for the first time in almost a decade this year. What does it mean for utilities and other highdividend paying stocks. Lets bring in david berkstein, utility analyst with hilliard lions, Travis Miller director of utilities Equities Research with morningstar. David, why do i need to own utilities, if at all, in an environment where the Federal Reserve is set to raise Interest Rates for the First Time Since 2006 . Sure because they still offer attractive yields regular earnings, and Dividend Growth. Let me give you an example of how they fair in terms of Historical Perspective on Interest Rates. Between mid2004 and mid2006 the fed raised the rates 16 times from 1 to 5 and yet over that twoyear period the electricity actually outperformed this in the 500, and by a fairly wide margin. In other words, just because you get an era of rising rates doesnt mean the utilities underperform. Travis, i guess the question is arent they expensive after that tremendous runup they had last year, i think up 24 . Yeah you know i have to agree with david here. The absolutely returns and heres a difference in the sector. Absolute versus relative. Absolutely returns are still strong. Absolute returns will stay in that 8 to 9 most likely regardless of when Interest Rates do over the next two to three years. If you look at utilities investors who are buy and hold type of investors, you still have good yields out there relative to the treasuries and still have good Balance Sheets good Dividend Growth out there, and absolute returns look really good. David, its almost been like the group moves in tandem whatevers happening with Interest Rates like when we see yields lower today in the treasury markets, but give us a few names where you can expect those yields to actually start rising. I think in terms of names we like, ppl corporation, its a regulated utility based in pennsylvania. It has a 4. 6 dividend yield. Thats an above industry average. The industry average right now is 4. 69 . The stock trades at a discount. Next year the largest utility in florida looking for above average Earnings Growth there from 5 to 7 , which ought to support Dividend Growth of 6 going forward. Travis do you have any names, and particularly ones that might see Earnings Growth with the valuation that some of these utilities have. Sure yeah. We saw february the big drop there in utilities make some of these regulated names pretty attractive now. So you look at regulateds comes down into the 15 times p. E. When you look at the group and what its been trading at over the last year its 16 plus times p e. They want these long time southern, very well regulated and very well regarded Dividend Growth and, you know, this is a name thats come down substantially from where it usually trades at a premium. And now trading at a discount to the group. So you look at 4 plus Dividend Growth. And your absolute returns look pretty good on that name. All right. Thanks for the tips gentleman. David and travis good to see you both. Yes, tyler, utilities can still be sexy in a world of rising rates. Oh, yes, they can yes, they can to the American Housing market now. Bob pisani mentioned that housing stocks taking a hit on the latest data. Builders pulling back in a big way on new Home Construction. Is it a temporary blip weather related, or a worrying sign for housing . Diane olick is now in washington for us. Di . Well, ty look everyones blaming the february weather for this really rough report. And its definitely a part of it but certainly not the whole story. Take a look, if you will. Total Housing Starts fell 17 month to month. 3. 3 from a year ago, but i want to look at just Single Family not the apartment construction because thats where we have such a tight supply problem. Single family starts fell 15 for the month and are up a little less than 1 for the year. Were running at barely twothirds the normal historical pace with huge pentup demand for Single Family housing. Now, yes, starts fell the most in the northeast and the midwest, where weather did play a part. But these regions always account for the fewest starts. Even in june there are just one quarter of starts. And in winter there are about 10 . And thats why Building Permits are a much better read on the market. Look at Building Permits. Theyre not great either. Single family down 6 for the month and up less than 3 from a year ago and a year ago was pretty bad. This is nowhere close to what is needed to meet that demand. Now, Builder Sentiment fell again in march, the Third Straight month, as builders are just not seeing enough foot traffic and are still facing land and labor issues. Sarah . Some worrisome signs from the Housing Market diana olick. Thanks for running through that. Greece continues to be a big question mark for europes economy, but when it comes to the u. S. Economy, does greece really mart . Some surprising results o ss of our exclusive cnbc fed survey. Plus death cross. Three stocks in the s p 500 that are showing a vicious, bearish pattern in the charts. Are they in your portfolio . Find out next. The eclass has 11 intelligent driverassist systems. It recognizes pedestrians and alerts you. Warns you about incoming crosstraffic. Cameras and radar detect dangers you dont. And it can even stop by itself. So in this crash test, one things missing a crash. The 2015 eclass. See your authorized dealer for exceptional offers through mercedesbenz financial services. Welcome back to power lunch. Matrix rejecting a bid from simon property. They say the offer substantially undervalues the company. Both stocks in the red. Macerich down more than 3 . Stifel nicolaus updating alibaba from buy to hold citing improvements to the Retailers Online platform. And shares of conocophillips are slipping. The energy giant announcing a threeyear plan to cut Capital Spending by about 5 billion. Shares of conocophillips down about 0. 5 . Dominick chuy now for a market flash. Weight watchers is still falling after it was downgraded to an underperform rating from a neutral at Credit Suisse which cites the weight loss firms earnings outlook as well as its current valuation. But were only down by about 3 . Weve been climbing steadily throughout the course of todays session. Dominick, thank you very much. Greece continues to be a trouble spot for europe and global investors. But when it comes to the United States economists does greece even matter now . Steve liesman joins us with the exclusive reports of a cnbc fed survey. And i think we find in the survey is how policy has bought a little stability and maybe a little term. Who are we serving . 38 economists, Fund Managers guys on the street, friends of mine. I want to show you the concern about greece right now. A big number here. Whats the probability of greece or a different country leaving the eurozone in the next three years . 41 for greece. Compared with some of the other countries, 13 for portugal 12 for spain, 9 for italy. I guess these are sort of elevated, but not in contrast to greece. So then how much concern is there about europe instability spreading and creating risk. You can see its come steadily down. I can only surmise, this comes in the wake of a massive quan Quantitative Easing Program from the European Central bank. Perhaps thats why, on a 1 to 10 scale, its only 4. 7 on the richter scale. And the biggest threats to the u. S. Economy, what we find is that first, Global Economic weakness, thats 28 , thats the number one, slow wage growth in the u. S. 17 , number 2, followed by a perennial favorite of this group, tax and regulatory policies often in the number one slot not now. And we ask about the european recession and the financial crisis. Thats only 6 equal to the concern about deflation. Hes some of the commentary we got from our panel. David kotok at cumberland advisers say, europes negative Interest Rates are an awesome and powerful force. Market agents underestimate how much they encourage rising asset prices. But subodh kumar says raw geopolitics like the middle east, russia ukraine, or even in asia and economic politics like greece argentina and venezuela appear underestimated. And hank smith says forget about ecb policy. Your pooern Economic Growth will be subpanch until they address fiscal concerns. And finish by asking the question, whats the chance of that happening. Michelle have you met my friend, steve . I have. What say you, chief international correspondent, about what steves panel observes about europe and greece particularly . Is it an economy, and i cant remember, they say, the size of the state of maryland or Something Like that. Fairly meaningless in the scale of things. Im not surprised by the outcome. Just today, Morgan Stanley put out a note saying they think theres a 25 chance of a greek exit. They can a staycation is possible. They can put on currency controls for a while. That doesnt mean they leave necessarily. Cypress was under currency controls for a long time. Folks, were talking with quotations around exactly. So not surprised. Whether or not it would be meaningful, theres two things to think about. One, in the old days many many european banks held a lot of greek sovereign debt. They dont anymore. So that ability to really crush the Banking System has been eliminated. So thats really important. Second, the other thing you hear is, oh if greece leaves everybody is going to price in the departure of portugal ireland, you know, italy, et cetera. How would you price that in . You would start selling their bonds, right . But whos out there buying all those bonds right now . The ecb. So agree if the ecb bought absolutely. Some time and stability or lack of contagion from this issue . Absolutely. Compare greeces twoyear yield to the rest of europe. What does that tell you . The reason its spiking all this week its two decimal points to the right of what the other guys are. Theyre 20 the other guys are 0. 2. Exactly. Its really really startling. Theyve got roughly 2 billion worth of payments on friday and its unclear whether theyll be able to meet them. Once again, one of these greek moments a zero coupon greek bond. That sounds like one i would like to own. Probably some stuff i probably have owned. You can read all about this the cnbc fed survey on cnbc. Com. You thought maybe you could do that. And that i would say that. Steve good to be with you. Sarah, down to you. S p selling off today, those we are off the worst levels of the session. Nasdaq just turned positive. There are a number of stocks in the s p that are getting off some pretty bearish signals right now. Dominic chu here to name some names for us. The death cross. Chart watchers look at this and say, maybe its a sign of bearish things to come. We have a load of names to go through. After the break, with well tell you about three of them that youll want to watch out for. Maybe theres more downside ahead. Keep it right here. Ent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. 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Because about half the stock in the s p 500 now are trading at some negative momentum levels. Theyre below their 50day moving averages. Shortterm momentum. So chart watchers like to look for some of these signs as maybe an indication of future trends going forward. One of the things theyre looking at is called the death cross. Its when the shortterm batting average for a market or a stock goes below the longterm batting average. Its a sign of the shift of momentum. There are about 20 stocks in the s p right now that are showing