The biggest gainer is the qqq, the nasdaq etf. China with an aggressive move allowing more flexibility. It is soars today, as you would imagine, up more than 4 . Bob, its a good rally, but were not quite getting back what we lost on friday right . But if youre not confused about the action the last couple days i dont think youre paying attention. We are down 280 points on friday. At one point today we were almost on the verge of getting it all back. Put up that twoday chart. Were basically almost back to where we were. Lets not quibble. The point is whats going on . Why is this happening . Ive asked many traders this morning how to explain the last two days. No alternatives to stocks bob. Theres no reason they should have been down on friday. Chinas going to stimulate other people are saying bob, its an illusion. No matter what its true i think mand,is right, china has been sending some mixed signals recently. By the same time on friday they came out and banned margin financing, theyre saying were going to keep stimulating, owner saying we dont want a stock market bubble. You can see the shanghai and china markets down right now. Techings and industrials are having a great day. This is the best day for ibm probably all year. Microsoft, the industrials like d. On or about techs are doing great, your leader apple i got the usual handwringing from people who were worried about it. Today its knocking the lights out up 2. 4 . So your boiling oil are all up on new highs of the day. I think, brian, the point im trying to get across is if the trend is your friend whats the trend . Thats what everybody is having a hard time trying to figure out. I think you used your powers of perception and went deep inside the brain. Fantastic, bob pisani thank you very much. Jason pride is our next best. Hes moving more into asia and europe. Ive got to ask you, were down big on friday up big today. What in the world is causing this relatively extreme volatility the last couple trading sessions. I think we can point to two things. I think your other person bob just pointed it out. It really came down to greece and china. Theyre sending mixed signals back and forth. We think you have to put on the blinders a bit to all the noise that is going on around the world. Some of whats going on in greece, this is temporary. There would be some sort of fix. I personally think theyll eventually have to leave the euro but how you actually get through that process is a whole other manner. And really trying to do a lot of things to kind of bring their economy into shape, and that means cutting back on some things while also stimulating others. The market takes it day by day, but reality, where were going long term is theres an ongoing economic expansion. And ongoing profit expansion, and stocks will ultimately follow that. This is the stuff that probably drives your clients and momandpop Retail Investors absolutely nuts. It drives me crazy. Greece might default, but wait, china is stimulating. What about earnings . Isnt the stock just supposed to be the future didnt graham and dodd say that at summer point . Sometimes its hard for investors to see that particularly when we have such a high volume and high turnover marketplace both domestically and abroad. Sometimes its easy to get carried away and not remember okay, earns are going up and the stock market is going to be youre in the birthplace of america, youre a troy jason, even your last name is pride. However, you are moving more into europe and asia with your investments. Why is that . Well sure brian, first of all we have a large stake in holding within the u. S. Number one. Number two, valuations in the u. S. Have been a little expensive. Its not a jump up and down this is as cheap as it gets more. And particularly in asia theres great sfa opportunities there, particularly in europe. Therefore we want to overweight that at this point in time. Valuations and fundamentals are turning in the right direction. Its not a slam dunk but its better than what we see in the u. S. In a show formerly known as street signs we talk a lot about europe. The Biggest Companies in europe, the nestles of the world, the lordial, the majority of their sales are in the united states. Retail investors made a fundamental mistake saying this is a cheaper way to play the american recovery. I think thats a broad statement, independent of where theyre based. This is a global marketplace, confide often the investment markets throw out the baby with the bathwater. Theres great franchise businesses in europe japan, asia, even some in russia and brazil that may be sp interesting at some point in time. Wait. Are you investing in russia . We are not necessarily investing in russia but there are interesting businesses that look in that region. Youre looking . Youre browsing . Whenever things get cheap, you have to start thinking. Hopefully were thinking all the time. Jason pride, its a pleasure. Have a great week. Enjoy this beautiful spring day in the northeast. Right. Im feeling no stall juries you mentioned street signs right off the show. Allowing for more money to pour out into areas such as potential all part of a bid to step up efforts. Chinas stock market by the way, weve been mentioning it quite a lot, recently. Its up around 30 so far this year. It was all sparked, they cut interest rates, again in february, and boom you have a rally. Lets bring in ron insana editor after and normally in beijing, but today right here next to me eunice yu. You wrote a piece last week on cnbc. Com about a potential chinese bubble and of course you came on our shore and talked all about it. Does one move make a difference in your thinking . To me it smacks of desperation. I understand why china wants to ramp up lending, though lending to whom i think is an important question. They have overbuilt the infrastructure, i dont so joe where the money goes. They tried at the same time to tamp down speculation. Shanghai has doubled in the past year. I would be nervous that when we tried qe or launched qeu. We were at the lows testify the market cycles. Theyre doing it at the highs, certainly to lift asset prices temporarily, but i think this would be a more risky place than six years ago. I think ron makes an excellent point, theyre trying to get more lending happening that this at the same time a lot of overbuilding and some are saying this is the start of an aggressive easing cycle. Do you think this is maybe too much . I think there are a lot of people worried too much, because there are a lot of companies that have high debt. There are a lot just the tradition is for these banks to lend to state banks state companies, so because of that there is concern that the money isnt going to go to the right places. In fact on friday we heard the chinese premier had gone around to some of the major banks and said you guys have to start lending to small and medium enterprises, and try to get the money to the right places. What would be a better way of stimulating the economy, if not this . Its going to be a combination of investigate cuts as well as infrastructure spending, everything and anything, but in terms of whether or not this will be very effective, its it doesnt its definitely not going to be as effective as it was, say, 5, 10 years ago. And how much of this money will be unleashed, how much will it find its way to the stock market, which as we mentioned is already looking a little hot. Thats an open question. Using it as a template or even europe now, they came in at different times in the cycle, in the economy cycle. I dont think throwing gasoline on a fire is a great idea. Now, granted, you know countries should use macroproduction regulation to slow down activity in markets. The chinese cant do that now. By the same token, the economic is constrained in such a way that they have built too much. To such an extent they have done over the last five or six years. There is to brothero the expression yin and yang going on that might not lead to the desired outcome. I would be cautious about china. A lot of speculation. Raising that red flag ron, the regulators came out and made that decision. Its just that the government is pushing this market rally. We see that i walk around various parts of the country, theres so much capacity so many unsold properties. When you look at the options that investors have they dont really want to invest in property anymore. They dont have the wealth manage theres been a clamp down on that so were seeing more and more people. I hear from friends im excited about this concept of and mandy, we need experienced that in 1999. This is when people were buying egghead. Com because they liked the name. They didnt know what the company was, and again, as we said last week not to condescend to individual investors, but theyre often late to the party. You might want to be cautious. How do you say mom and pop investors in chinese thank you, the new york governor is in cuba. Andrew cuomo is in cuba. Hes not expected to meet with president raul castro or his brother fidel, but he will have a sitdown with the first vice president. This makes him the first acting governor to visit cuba since diplomatic relations were restored were looking at shares of harmon international. Jpmorgan resumed an overweight rating on the audio and Electronics System company with 159 price target. Software development, with several recent acquisitions. Back over to you its the five years since the bp oil disaster. Is it any safer . Jackie deangelis is in louisiana. Reporter good afternoon, mandy. The answer to that question is that it is safer, but were going to talk about the impact this disaster has had a both big oil and other companies five years later. A lot of these Companies Still trying to cope with hardship in rebuilding and how the industry is working on that as well. We have that story coming up. Stay with us. under loud music this is the place. Their beard salve is made from sustainable tea tree oil and kale. You, my friend, recognize when a trend has reached critical mass. Yes, when others focus on one thing you see whats coming next. You see opportunity. Thats what a type e does. And so it begins. With e trades investing insights center, you can spot trends before they become trendy. E trade. Opportunity is everywhere. [intercom] drivers to your marks. Go its chaos out there. But the mclass sees in your blind spot. Pulls you back into your lane. Even brakes all by itself. Its almost like it couldnt crash. Even if it tried. The 2015 mclass. See your authorized dealer for exceptional offers through mercedesbenz financial services. Hasbro trouncing revenue estimates. Despite negative impacts of yeah, the strong dollar. Michael kors taking a hit, with mizuho downgrading them. The firm says the survey does not look good for future sales callaway moving higher. Jeffries with a buy rating. You know what else is up . Oil is up again to the mid 58 buck range. Were at 58. 20 right now, but oil still up 22 just this month. Believe it or not it has already been five years since the bp oil spill. Die spite concerns the space of Oil Production is rising. Jackie . Reporter let me give you the main takeaway. People we spoke to said things will never be the same after the deepwater disaster. Its just the way business is being done is changing. Not only for big oil and seafood, but also in terms of tourism. What we do now is its 20 to 30 less official right now to produce out of this region on an offshore platform. There are any well design rirms in place, also increased of blowout prevention is necessary, and more mo are projects are continuing. We do know theres about five or six more rigs operating at this point than were ted of the bp oil spill, but were not at those levels yes. Important to note this role of technology. Fiveiers we had near already 200 million gallons of oil pumped in. It took 8 7 days to contain. Thats why Companies Really care about trying to prevent accidents like this from happening in the future. Theyre trying to work on same prevent, rest race. Theyre getting together to invest in this, and taking it really seriously. Last but not least, we have spoken to some of the local businesses here. Theyre working on recovering. As i said at the top, nothing will ever be quite the same. Its probably going to take a long time to know the main and sort of significant Environmental Impact of this disaster really has been. Back to you. Jackie deage his it seems like were always on the grid right . Its a completely different story in americas subways. Were going to be heading underground, some cities like i have behind me. Well find out which subway system is the most mobile and internet friendly cities lee los angeles, washington chicago, new york city and san francisco. You have to stick around to find out more. And takes the wheel right from your very hands. This isnt that car. The first and only car with direct adaptive steering. The 328 horsepower q50 from infiniti. Push your enterprise and you can move the world. But to get from the old way to the new, youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps businesses move on all the possibilities of today. And stay ready for everything that is still to come. Here at the Td Ameritrade trader group, they work all the time. Sup jj . Working hard . Working 24 7 on mobile trader, rated 1 trading app in the app store. It lets you trade stocks options, futures. Even advanced orders. And it offers more charts than a lot of the other competitors do in desktop. You work so late. I guess you dont see your family very much . I see them all the time. Did you finish your derivative pricing model, honey . For all the confidence you need. Td ameritrade. You got this. A japanese store understanding vales a robot, named, and shes distressed in japanese clothing. So far the robot can only read programmed scripts, but it will be upgraded soon. Now, a real and a huge store greeter and receptionist says she does not mind working with the robot, but its eyes need a little work. If youre on the radio, mandy, i best way to describe it the eyes are robot eyes. In almost a perfect human noticed body. I think its definitely creepy. Im going to put it in the creepy camp as opposed to the cool camp. The dow on track for the first gain of 1 this month. Last gained 1. 5 on march 30th. So lets look at some of the dow movers. 28 of the 30 higher. All the top performers. In fact with a gain today apple stock is now worth twice as much as exxon. The market cap on apple is almost exactly double that of the next Biggest Company in the world. Amazing. Lets also check out the biggest movers at this hour. It said read wall on the teleprompter. I will look at it and weve got to put the sectors up in order for me to read the wall. Sectors, shazam there you go. I just read the wall. The problem was you had the passcode wrong. It was kant shazan it was abracadabra. Youll learn. There we go. 1194, back below the 1200 mark just to the down side by 0. 7 of a percent. A troy ounce, flip over another board and take a look at silver copper palladium, platinum by 1 or more in silvers case by over 2 . Ricky, whats going on with bonds this week in. Ought rates are a couple basis points lower than they were yesterday, but the yield curve has a presence. Look twoday of 10s and 30year double down about four basis points. Why . Mainly because the selloff is more aggressive in the long end. When you see it next to each other are other, the push out is to where most of the action has been. Today the dollar index has been pretty much up 41 all morning. We see only one foreign currency doing better. If you want to see a strategic couple charts like at oneyears charts. The euro versus the one, and the yen versus the yuan because the strength in the dollar translates into weakness in those currencies against the chinese currency. This was going to be a big dealing because of what china is trying to do to keep things moving as they go through a variety of measures. Mandy, back to you. Youre absolutely right. It is a big deal. On you to Morgan Brennan for a market flash. Thanks mandy. Angies list is near session highs. Its partnering with on deck capital to give Small Businesses access to loans of up to 250,000 that financing will be available to angies list Service Providers and can be used to drive Business Growth or Fund Subscriptions to angies list. Theyll also have lines up to 20,000, so shares up more than 5 , on deck up over 2 this is gearing up to be the biggest week for earnings season so far. It is still, of course early, but a very worrying trend is starting to emerge. If it continues, it could undermine the bull market. Well explain. Also as we head out, the biggest mover on the nasdaq. Power lunch is back in a flash. Discovery up by 3. 6 facebook up by 2. 4. Dont go away. E financial noise financial noise financial noise financial noise lets take a look at your credit. I know i have a 786 fico score, thanks to all the tools and help on experian. Com. So how are we going to sweeten this deal . Floor mats. Clear coats. Youre getting warmer. Leather seats. And this. My wife bought me that. Get your credit swagger on. Become a member of experian credit tracker and find out your fico score powered by experian. Fico scores are used in 90 of credit decisions. Hello, everyone. Heres your cnbc news update. The 119th running of the Boston Marathon god under way this morning with more than 30,000 runners expected to take part. Ehissia won his second two years after hi devoted his medal dedicated to the victims of the marathon bombing melissa gates is in india, discussion the expansion of the Family Planning program. With the plans to halt the spread of hiv. China and pakistan agreed for 45 political quoteunquote worth of investment projects signed by chinese and pakistani ministers. Both countries have and a sobering number is expected to rise as baby boomers age. Millions of women born between 146 and 1964 will tails as much as a 50 increase by the year 2013 according to the National Cancer institute. Brian, back to you. Thank you, sue. Back down to the market. Back to bob pisani. Youve laid it out for us so adeptly. What is catching yew eye today . Were seeing no attempt to sell off in the middle of the day, which i thought might happen. All the rally was in the first 15 minutes. A flairo five or sixpoint range. Still up nicely off the day. We talked about why getting these upanddown moves, these crazy moves. My thesis is china is sending very confusing signals. The monetary authorities have been take are talking about more stimulus for a couple months now, but the regulatory authorities have been clearly indicating theyre concerned about bubbles. They banned margin financing over the weekend. That was an iss