Well ut dow posting its biggest oneday gain since early february. All ten s p 500 groups are higher with Energy Leading the way. Weve got bob pasani on the nyse floor, dominik right here at hq. What can key Technical Levels and josh lipton on the very tough month for tech. Bob, you first. Blastoff around the globe this week. China from the outset ended near the highs. Germany starts early today. U. S. Starts at 9 30 eastern time. Theres a pat he were here. Global buying. You can blame it on comments from the peoples bank of china officials. Whatever. Theres the s p futures. We actually gapped up twice. Once at 330 when europe opened and once at 9 30 when we opened. Were at the highs for the day. In terms of sectors, i have been of the opinion that we are seeing some end of the month rejiggering since the beginning of last week. Were seeing it again today. The biggest losers for the quarter are Energy Financials utilities, and industrials. Those are the only four sectors down on the quarter. The biggest gainers today are energy, financials utilities, and industrials. How about the big gainer for the quarter . You all know that. Its health care and biotech. Whats the biggest laggard today. Its still up, but its health care, and biotech. Theres an indication. Finally, they keep trying to buy energy stock. How many times we been going over this story for two months . All of these stocks you see are actually up on the year. They have been quietly in a stealth rally for the past couple of weeks. Ill show you some more examples in the next half hour. Tyler, back to you. All right. Bob, thank you very much. Steve liesman now has a cnbc rapid update on the economy. Steve. Hey, tyler, whatever leaves behind this rally, its not the economy or the economic data. Economists see in the u. S. Economy in the First Quarter come the stall speed. The q1 tracking. The cnbc rapid update of all the tracking forecasts out there. Declining by 0. 4 . Down by 1. 4. Thats the low for the quarter with a range of zero. Yes, there is a goose egg among our forecasts to 2. 2 on the upper end, but they do see a rebound in the Second Quarter. 3. 5 with a range of 2. 4 to 2. 9. Steven stanley, securities he is saying this is turning into a recurrence of last years nightmare First Quarter when weather drove the gdp figure deep into negative territory. He does see a bounceback in the next quarter. Take a quick look at where the economists are. Bank of tokyo, goldman at 1. 2. Moodys analytics at 0. 6, and theres peer pot at zero. Sdronk personal income number and a Consumer Spending number that was below expectations and then factoring in inflation, which is how it carries over to gdp. Down 0. 1 for a savings rate folks, of 5. 8 . The best number weve had since december 2012 or mandy, i guess if you want consumers to spend, that savings rate is the worst number weve had. You can look at it both ways cant you . Glass half full glass half empty. Lets bring back bob and also katie, director at oneil securities. What do you make of these latest forecasts from steve . Once with you get through the end of the quarter and we start april 1st then you have to be concerned that the market is in fact going to pullback. Correction . Not really. 10 would have to take us down to 1900. I dont see that at all. Certainly a pullback and a correction. The only good news is the markets are reflecting this in the lower earnings estimates. Remember, were negative on earnings estimates from the First Quarter. One economist after another says i know you hate this mandy, but they say that its the weather thats responsible, and we do know that february had some record cold temperatures around the country. One other point i would make is that betting against the weather reasoning, last year was a bad bet. Loser. You can bet your Bottom Dollar that the two biggest themes were going to hear about in terms of blame, the blame game in this earnings season weather and also the strong dollar, right, bob . Absolutely. Thats why i want to watch the guidance. Thats why i think steve is right. I think theyre not going to be as pessimistic in their Forward Guidance as people think, and thats why i think the analysts overshoot. They have got sown pessimistic on the earnings recession, that they really drop the numbers. Not just in energy, but a lot of other sectors. I think theyre going to do a little better. I think you have to also wait to see what the real impact is of the stronger dollar. 12. 8 billion dollars by United Health. For United Health its really going to strengthen its pbm. Pharmacy benefit managers, you can just see where the value is. This is getting taken out at 16. 5 times earnings four years ago express scripps brought medco. Four years before that you saw cvs by care max at about 12 times earnings. Herrizeson buying hype ear yon. Both those deals sending those takeout candidates to new highs. Youre not seeing the biggest bump from those deals today in the biotech space. The biotech index is up 1 . You would have tlaut it would be higher, and thats because even with last weeks big plunge biotech is still the outperformer for the month. Back to you. Talk about a merger monday. Thank you very much, bertha. It has been a really volatile trading month. The dow on track for its 15th triple digit move, and if you are trying to find an entry point in this market what are the trends you should be watching . Well dominik has some ideas up his sleeve. You think tracking it sir. Any number of factors that market technicians, the chart watchers look at fundamental analysts look at. The batting averages for the market. Here you can see the s p 500. The pink line that you are seeing right there is the 100 day moving average. You want to think of that as something more of a medium term batting average for the overall market. You can see here after we dropped 8 last fall thats midseptember to midoctober we rallied back and consistently bounced off these levels here, and we bounced off it again here. Thats reason why some traders are more optimistic if we can close out this particular quarter with some gains. Maybe a little bit of momentum as we try to retake those record highs. Now, lets take a look at another one. If you move to the s p 500, the dow jones, that same kind of move has happened as well. That big midseptember to midoctober drop. Then all of a sudden a little support here as well as the medium term batting averages. The nasdaq composite has been bouncing off these levels but even with the pullbacks that weve seen recently were still trying to take out that 5,000 level up here. Tech is one of the worst performers in the s p 500. Analysts think that you immediate to rethink your call on technology or their call on technology and investors jump in and buy at these levels stay away. At least seven strategists have buy on tech but those pros now now be rethinking their call. What is pressuring tech . Strategists pin the blame on a weakness on that rising dollar as a seconder. Tech generates nearly 60 of its sales from overseas. More than any other sector in the index. Stronger dollar could impact sales by making the price of u. S. Products more expensive to customers overseas. Rick sherland says that could be a head wind for the last five quarters. He points out, for example, that oracle took a 6 hit to revenue because of a stronger dollar in its most recent quarter and that it could see as much as a 9 impact in its may quarter. Of course, tech still has plenty of fans. They point out that the sector is trading at about 17 times earnings, which is in line with the market and cheaper than where historically trades. They also point out the sector is expected to boast Earnings Growth of 5 this year. That is far stronger than the overall market. Tech investors might have a better sense of where the dollar heads from here when we get fridays jobs report. Dollar bulls say that if that report is Strong Enough it could provide more fuel for a rising dollar. Mandy, back to you. Thank you very much for that. Josh lipton. Well, we were mentioning a moment ago that Energy Shares are doing well in trade today, but lets take a look at what the underlying commodity oil is doing because prices have been on the back foot today. Were currently down by 1 at 48. 44. Wti is the deadline is approaching tomorrow. There was strong key data on a forward looking measure on the American Housing market. Diana ohlich is in d. C. With all the details. Hi diana. Hi ty. Look, it was a big surprise to the street. An unexpected jump in pending home sales given all that fingerpointing at the bad weather, but ill point right here to two sold signs. Buyers were out shopping in february and signing on the dotted line. Contracts to buy existing homes rose 3. 1 month to month and were up 12 from a year ago. Thats the highest level since the summer of 2013. Sdmroop the retail numbers are interesting. You see sales in the midwest took a huge jump. Again, whether or not much of an issue. Just a slight drop in the northeast and south, but strong gains in the west and thats where the Home Builders have been most active. Supply could be playing a big role there. Supply is going to be key going forward. While the Sales Numbers are improving, the number of homes listed is still tight in markets across the nation, and thats pushing prices higher. That could be a strong headwind to sales going forward. First time buyers though still not back to normal pace. Manned where i. Very much diana. Well, blog nanke is taking to the internet. Find out what ben bernanke is saying about the United States and about europe. Some pretty stark words there. Plus she is one of the most flamboyant investors out there, but she is now the target of regulators. Robert frank, come in here. Whats the latest . Fascinating story. Lynn tilton, known as the diva of distress has been charged with fraud by the s. E. C. In an exclusive interview with cnbc, she calls this a battle of good against evil. More on the bell yon air versus the s. E. C. Coming up after the break. If youre running a business legalzoom has your back. Over the last 10 years weve helped one million Business Owners get started. Visit legalzoom today for the legal help you need to start and run your business. Legalzoom. Legal help is here. Dont just visit new york. Visit tripadvisor new york. With millions of reviews and the best hotel prices. Book your next trip at tripadvisor. Com today. A strong rally just a couple of days or a day before the end of this First Quarter. The dow jones up by 283 points. The strongest levels of the session so far, and so well continue to watch where throws green arrows continue and Gain Momentum as we head towards the closing bell. Now, one of the stocks thats not participating, shares of World Wrestling entertainment, getting smacked around today on relatively heavy volume. Wwe posted stronger than expected First Quarter results. They also announced that last nights wrestle mania 31 the highest grossing evented in the companys history, but some investors are doubting that online subscribers who took advantage of the free february promotion will actually stick around in the longer term since the biggest event of the year is now over. Saturday those shares and that skepticism pushing the stock down by 15 today. Back to you. Dom, thank you very much. Amazon launching its Home Services marketplace. It connects customers to professional Home Services. The program ties its services to every product sold on its website. Chevron shares moving up after the company sold its 50 stake in the refiner cal techs ahs rail dwra. The 3. 7 billion dollar sale will help offset declining oil prices and high costs that have hurt margins. Best buy consolidating and closing some of its operations up in canada. The restructuring will cost up to 280 million in charges this year. Mandy. Ty, well she is one of the most high profile investors out there, but lynn tilton now in the crosshairs of the s. E. C. Her private equity firm being accused of fraud. Robert frank spoke with lynn earlier on today about those charges, and what is she saying here robert . She actually spoke with her a couple of weeks ago prior to this in anticipation of this chart this morning brought by the s. E. C. Against lynn. One of the richest and most high profile selfmade women in america. The s. E. C. Says tilton the turnaround financier and found are of Patriarch Partners defrauded clients by failing to properly value assets to her investors. This relates to the clos or collateralized loan that she uses to fund her companies and that were sold to investors for three separate friends. Now, the s. E. C. Alleges that these improper value wags in rich tilton and her firms by nearly 200 million. In a cnbc exclusive tilton told me earlier this month that she is shocked and saddened by the charges. Shes going to fight them hard. Take a listen. My people need to know im standing in front of them. My people need to know that i am fighting for them but i also want to live in a country where i can fight for truth without assuming that because its the government that im guilty without the battle so as someone who has always fought for truth and protected her integrity and her intent and have prevailed i expect to do that. Tilton calling this a battle of good against evil, light against dark, and that the sophisticated investors in her funds knew the risks of turning around distressed companies. She said this will have no impact on her more than 70 companies, which include dura automotive, steela cosmetics and dura helicopters, and, mandy, you know lynn. She has faced a lot of obstacles in her life. To her this is just another one that she will prevail, but very tough language and tough charges from the s. E. C. Okay. Thank you very much for the developing story. Thank you. Robert frank. Ty, over to you. The former fed chief ben bernanke has a new title, blogger. Today he spoke about why rates are so low, and he talked a little bit about europe and senior economics reporter steve liesman. He is here with more. Hi steve. Good afternoon. Its not just a blog though but also a rare public speech by ben bernanke the former fed chair, on the economy. He has made only limited economic comments since he left office last year but in a d. C. Speech today bernanke said that Interest Rates may not remain this low forever and could rise as europe recovers and better growth takes hold in emerging markets. The downward pressure on global Interest Rates would probably moderate somewhat continue to moderate somewhat over time and the pressures for the trade deficit in the United States will probably moderate somewhat over time. I think those are positive factors that need to be taken into account thinking about growth. As of now, bernanke said that europe is in a depression basically, but up until now bernankes comments have been reserved for private speeches where he garners some pretty good speaking fees and insisted that attendees treat his comments as off the record but that could be about to change. He launched a blog today where he said now that im a civilian again, i can once more comment on Economic Issues without my words being put under the microscope by fed watchers. I dont know ben. Were still listening pretty closely. In his first blog bernanke tried to explain why longterm Interest Rates are low and said it was part of a longterm trend. Not an appear rigs. He added that recent low real Interest Rates, that is adjusting for inflation are not the result of fed policy. Except in the short run. Real rates are determined by a wide range of economic factors, including prospects for growth not by the fed, bernanke said. Kind of defending those low rates and his policies in the past. All right, steve. Thank you very much. Mandy. Thank you very much. Well what does patriots Quarterback Tom Brady do after winning the super bowl for the fourth time . Yep, thats him. Jumping off a cliff. You just have to see this to believe it. Plus, why this house is such a huge deal right now. 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Visit your local volvo showroom for details. We have been losing some momentum. This one at the box office over the weekend. That movie home taking in 54 million beating out the will ferrell and kevin hart comedy get hard. That movie took in 34 million. Again, those shares up by 5. 5 . Strong day, tyler, although we should say again, losing a little bit of steam here at midday trading. Back to you. Sdoo thanks very much, dom. What do you do after you win a fourth super bowl . If you are tom brady you jump off a cliff. Thats brady taking a leap of faith in costa rica. It was about a 40 foot drop. He posted the video on facebook with the caption never doing that again. There has been some locations today. As you look at a 24hour chart of tenyear virtually unchanged hovering around 195. Remember, intraday we traded above 2 a bit last week. Never closed above it. Now, look at the fiveyear. Definitely about three extra basis points and buying