Between himself and his closest competitors. Ted cruz, this is just breaking, landed a winner in the last hour, an illinois judge tossed the case about his citizenship and canada question that would have kept him off of the illinois ballot. Hoping texas voters to his brand of conservatism over the socalled new york values of billionaire businessman donald trump. Marco rubios campaign focusing on compiling delegates ahead of the florida primary in his state. Of Ohio Governor john kasich and dr. Ben carson seek to gain any wisp of momentum they can catch. This is Hillary Clintons popularity in the house could give her a southern sweep making her the inevitable candidate on the democrats side as Bernie Sanders looks for his second win of the campaign. Live Team Coverage with reporters stationed at the headquarters to take as inside the voting booth and the mayors of three critical supertuesday cities, dallas, little rock and when thing, mich. Telling us what they need from the next president and is not in salt. Apple in the spotlight on capitol hill, they are waiting in the wings as the fbi director testifies right now, this moment, texas congressman ron paul never a fan of government intrusion. What he thinks is the ultimate answer to the apple versus fbi question. Not. Theyre inside this firstever markets, the Dow Jones Industrial average up 232 points, if we are an hour and 12 closing bell, got to stay with me, lots of breaking news. Lets start the countdown. Lets get to the markets. Us at this moment we see new life, the s p 500 and nasdaq trading at their highest levels since january. January was a rough month thats scare a lot of people, the dow up 339 points, both major averages, the s p and nasdaq closed lower for the month of february but now you see a big jump up 44, the nasdaq by 122. What is happening with one hour left to trade, nine ten isnt the 500 sectors are seeing big gains led by financials, technology and materials, three sectors the struggle over the last couple months, telecom is the single ladder at the moment. Crude bubbling up at the highest level since january 28th, we have jumped at 2 , up 34. 39, that is where the boost from stocks seems to be coming from. Oil and stock prices trading in lockstep as we have seen. Let us get to what is developing, supertuesday, 3 00 p. M. Eastern on the east coast but we have reports of traffic jams in some areas but it is quite sporadic, mostly calm on what is expected to be quite the supertuesday. We have fox business coverage of the major stories and ankles that matter at this moment. Connell mcshane in houston where texas voters are making a decision that could change the very complexion of this election. Mike emanuel standing by, where Bernie Sanders is hoping a magic when will translate nationally. Jo lin kent falling apple hearings on capitol hill over cracking open the iphone of the dead terrorists. Lori rothman on the floor of the Stock Exchange on what is driving this rally but first we begin with connell mcshane. Everyone says everything is bigger in texas even with the president ial primary, candidates charging full speed ahead in to sittuesday in a first post to coast battle for delegates. A few select folks stand out as crown jewels for the republicans. 595 delegates at stake with Donald Trump Holding a commanding lead in several states but perhaps the most prized state of all is texas, will hand out a massive 155 delegates. That it is where comic flat stick to his flag in houston where ted cruz badly needs a lone star victory. Already knows it, the thing about 155 delegates is they need be split up with the way delegate rules work in texas, ted cruz needs a win. He would love the big win because the margin matters that is in to the argument he made when we caught up with him earlier today. Tomorrow morning you will see a clear coulees, elections narrow the field and we will see today the deal continuing to narrow. You would like to see the field narrowed. Lead goal for ted cruz, similar marco rubio, we heard from his supporters as well, make this a 1on1 matchup after supertuesday. Trump is so confident he is not even spending time in any of these supertuesday states, he will be speaking with reporters in palm beach, fla. Earlier today he received what he sees as a crucial Business World endorsement been an appearance in columbus, ohio. A great businessman carl icahn endorsed me. Many of his endorsed me. Ideal with marco rubio. Ideal with ted cruz. These guys dont know anything. In texas the stakes are high. Ted cruz needs a win. We cover it tonight and we will do so here near the red that country club which you see behind me. It is a popular music, Live Music Venue but tonight this is ted cruz headquarters for the campaign. Liz we will see. We are watching this closely. On democratic side lets take you live to a voting station, it is eerily right in hell, Barry Sanders voted this morning already in burlington at the moment, voting for himself as he announced he got a 40 million home from supporters in february but supertuesday, might be a bit of a bitter pill to swallow for the senate because vermont is the only supertuesdays he is currently leading in that might emanuel is in burlington with the senator. The biggest stakes for bernie of vermont but also massachusetts and a lot of people say a oklahoma even. Absolutely. Use competing evans of these the sleazy realizes it is going to be very difficult for him but he hopes places like minnesota, colorado man come in to play but by Hillary Clinton picking delegates and moving on to fight another day, sanders voted in burlington, the city in Vermont Research in the 1980s before he was elected to congress, he has campaigned extensively leading up to supertuesday, and in burlington, sanders said this was not a make or break day for his president ial ambitions. The campaign is going to the philadelphia convention. I want to thank millions of supporters across the country fighting to make real changes in this country. We have seen a steady flow of traffic this afternoon, a busy over the last hour. One of their own running for president and sanders spoke about his expectations. And the goal of todays end up with as many delegates as well as we can. Sanders rallies in the super tuesday states. They have been loud and packed. He raise 43d 2 million in the month of february, the best of any campaign in the 2016 cycle. Will he be able to translate that enthusiasm into wins tonight. Liz thank you very much. Theres a cnn poll that shows donald trump will lose in a 5 head matchup with either hillary or Bertie Sanders now all. It is one single poll, but are you hearing anything about that . Sanders is selling part of that. Part of that pitch is saying to folks i can win in november. I can beat donald trump, we can make this a Political Revolution across the country. And some democrats will vote because of her huge new id, and she is electable. He is electedable too. So much more and supertuesday, going to battle it out on what to watch for as results role in. Ron kristy and julie regions the joining us in nine minutes. To the attention to what is going on at this hour. We do have as this apple and fbi face continues, the testifying going on, if you have apple products you care about this if you care about your privacy, terrorism, you care, apple versus fbi hearings, fbi director james comey heading into our 3 of testimony stating his case why apples should have the did terrorists iphone for lawenforcement. Jo lin kent is on the case to monitor every word coming out of this. Apple, the fbi wants apple to take the vicious guard dog away so they can access the phone in the San Bernardino case in which 14 people were killed. We are listening to the latest of what he has to say. This is part of the opening statement. These hard questions through robust debate, the fbi job is limited. We have two jobs, the first is to investigate cases like San Bernardino any use tools that are lawful and appropriate. The second thing it is our job to tell the American People the tools you are counting on us to use to keep you safe and becoming less effective. It is not our job to tell the American People how to resolve that problem. The fbi is not an alien force impose on america from mars. A lot is happening since then and i want to bring that to you. Coming access lot of phones the fbi wants access to and if the court resolve this question, not that 237 compels apple to open up the San Bernardino iphone, the accords will work faster than congress. Bruce noel is Senior Vice President and general counsel of apple, he said in his prepared testimony apple gave us yesterday breaking into the iphone would set a dangerous precedent for government intrusion on privacy and safety of its citizens. Also breaking fbi director comey is saying people keep on asking the why is the fbi not going to congress and says we are in the middle of the terrorism investigation and he said, quote, the court resolved this faster than any legislative body could. You see this on going back and forth and waiting to hear more. The white house is weighing in saying it is Unlikely Congress could pass legislation under the encryption issue, you are looking at apples stock jumping about 4 because it looks like nothing is going to happen on this. At least it will take a lot of time. That is where you see the white house agreeing with the fbi as it has in the past couple weeks saying this is a court of issue, the opposite of what apple believes here and we will see what happens especially after the case and the hearing in new york. The white house is saying it is Unlikely Congress would quickly be able to come up with the bill or a law to settle the situation. Jo lin kent will keep an eye on that the we have ron paul has been very vocal about government intrusion into privacy of americans and how against it he is. He will be with us in 14 minutes to share his thoughts on what is going on right now on capitol hill and much more, stay tuned for ron paul. Talk about supertuesday, superrally mode. The dallas spiking the 335 points. Not a bear in sight as part of the Stock Exchange. What are the hot movers driving this . Lets start with a gain first on housing, Construction Spending in january was pretty impressive. For the construction sector, housing, told reuters, up nicely, 3quarters of 1 . And the retail traders, the volatility we have seen on wall street, these retail traders, up 6 . Td ameritrade up considerably today and on the downside utilities, so much risk going on here. And theyre getting hammered especially pet co holding today suffering down. Liz with the closing bell, could supertuesday be extra super . For donald trump and Hillary Clinton, in 11 states for those front runners. Political panel telling us what to watch for as returns coming tonight. We have more countdown on the way. Gold is up right now. Stay tuned. This just got interesting. Why pause to take a pill . Or stop to find a bathroom . 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Liz Bernie Sanders and ted cruz feeling particular pressure today as their own constituents from their own states head to the polls but for this week to other candidates, floridas senator marco rubio and Ohio Governor john kasich, they will have to wait until the fifteenth of march to see just how much their own state, forget values, it up to put them in the white house and hope they get enough support to make it. Lets bring in julie, democratic strategist and special assistant to george w. Bush, ron kristy, big implications for everybody, even to try to slice and dice is ridiculous but lets start with texas, ted cruz versus donald trump, ron kristy called this remarkable. Give eyes while guess. Ted cruz ecb and out but it will be close. The most recent polling data shows ted cruz is up 35 , donald trump right on his heels. If ted cruz cant win his own state tonight, his viability as a candidate starts looking week. The question is can he show it true strength in texas . Liz the fact that it is close is stunning. And putting feet to the fire, you had none other than House Speaker paul ryan coming out and saying about donald trump if a person wants to beat the republican nominee, there can be, quote, know these thomas aiken must reject bigotry, that is a nod to the ku klux klan controversy but donald trump is still close enough in texas, it is not sticking to him. It is miraculous, you have the entire got to feel bad for people like the speaker and Mitch Mcconnell because they have to run somebody loads not by democrats and independents but ill large swath of their own party. Im not diminishing at all what has been accomplished but over 50 of republicans are not ready to vote for him in this primary and these are people like the senator from nebraska who says he will never vote for him. Christie todd whitman said forget it. It is down to trump and hillary she will vote for hillary. Phil graham said i cant do it right now but let me play devilss advocate, you have republicans who want to vote republican, who look at the establishment and say you guys couldnt get it right five of the last six elections. I will go with this guy who has real strength. That might be true but do we need another president ial candidate as a major Party Candidate who has no political experience . No substantive governing experience . I hear it from all the folks i talked to across the country saying establishment is out of touch, the are in sea doesnt get it, we want trump because republicans dont understand where i am coming from but with the crisis all over the world with our economy inert shaky situation i do not believe it is the best move for the Republican Party to put forward someone who at best has a spotty record as a business person and 0 practical experience. Liz we have apple breaking news. Bernie sanders if he doesnt win vermont, he is expected to, or doesnt win massachusetts, do or die . He is getting to the point he has to make a decision. He has to decide if he has the money to go along with a. Liz ready to have you, coming at the bottom of the our, speaking to bringing the mayors of three strong American Cities in crucial supertuesday stilles and one of them in just said a few days, mich. To see what they need to hear from the next president of the United States and we guess it is not the insults that are going back and forth but real issues, 37 minutes before the closing bell rings, but get the green on the screen, apple is joining that party has the secondbest performer up 4 right now. They are coming off of a big win in new york on a drug case but the bigger cases is going on on capitol hill this second. We are waiting for, it looks like james comey just finished his testimony, coming up caps attorney will be coming up. Grave consequences to talk about but one former lawmakers not buying the argument. Former texas congressman and original fighter in the battle to keep the government out of our private lives, dr. Ron paul is here. He says it is not apple who is breaking the law. He is up next on countdown to the closing bell. At mfs investment management, we believe in the power of active management. By debating our research to find the best investments. By looking at global and local insights to benefit from different points of view. And by consistently breaking apart risk to focus on longterm value. We actively manage with expertise and conviction. So you can invest with more certainty. Mfs. Thats the power of active management. Liz breaking news, we need to dip back into whats going on on capitol hill. That is the fbi director, james comey, who is battling apple to crack open that iphone of the terrorist who killed 14 people on december 2nd in San Bernardino. Right now he is making the socalled key to the door analogy at the moment, saying just give us the key that will only open one single phone. Apples concern is you give them the key to the software, and it can be used on anybody. Let us bring in dr. Ron paul, liberty report host as well. Dr. Paul, you have been a stalwart when it comes to sticking up for personal privacy. As you watch this case, im extremely interested to know because weve got a standoff going on right now. Apple wants what it wants, and thats to not open the phone. Fbi wants to open the phone. Where do you stand on this . I think the standoff is between the constitution and those who would like to use arbitrary authority on the people and violate the constitution. So i think this is all about it. But you have to think about comeys reputation. Hes the guy, hes the guy that justified torture, and now hes the one on the defense about what the fbi really wants. He says it was just this one time, and now we find out there are seven cases, and now we have the fbi admitting that it is a precedentsetting standard that they want. So i think he has lost all credibility, you know, on what hes talking about, and hes lost all credibility that he has any real desire to defend the constitution. And thats why i think apple is a much better defender of our liberties than our government at this moment. Liz apple wants congress to decide. You now have the white house in the last hour saying its going to take a long time. It will not be a quick attempt to create Something Like this that involves highly technical discussion of which im sure youd agree, a lot of people in congress dont have the knowledge of. But do you trust congress to understand both the minutiae technologically and the big, i guess, implications constitutionally . Its hard to trust anybody, but i think id trust the congress because there might be somebody there that has a strong belief than i would the fbi. And also congress has already spoken to this. They have given the authority to use encryption. Matter of fact, they like it when apple develops encryption so they can use it. But what they want is monopoly control of it. They dont want the people to haven description to protect themselves against the snooping of government, and thats where the real problem is coming in. But the authority is there. What worries me is a little bit what youre alluding to. It goes back to the congress to reassess this law, can we depend on the congress . Its a shame, but we shouldnt even be worrying about that, because the constitution is rather clear about this. Liz can i push back that our pryce should be protected. Liz let me push back on something you said. You said fbis comb hawaii has, quote, lost all credibility. You know, he hasnt with some americans who feel very strongly that, yes, they love their privacy, but privacy has its limits. Believe even Warren Buffett said that to cnbc just yesterday when asked about this very case. You know, youve got terrorists who are willing to do great harm to us. They would chew hydraulic lines to bring down a plane. You and i both know that. Why would he lose credibility for sticking up for at least that part of the conversation . Well, he will with people who know and understand the constitution. But, you know, the constitution is there to protect us, not to be distorted. So i think he, the whole reason that we have encryption is because the people really wanted it. This came out of Edward Snowdens revelation that the government was illegally remember, the government denied they ever were watching us until Edward Snowden proved to them that they were. And thats when apple got busy and tried to protect the people from the encroachment of government in the sense that the government was actually the enemy of our privacy. Liz well, doctor, what is i guess the final question is whats the compromise . What do you foresee happening here . I dont think you ever have to give up liberty for safety. They said there should be always a balance. No, i think there should always be a bias. If theres any question at all whatsoever, it has to be a bias toward liberty. And right now i think the bias is away from liberty and the sacrifice of liberty, and people get scared to death. You know, everybody has to be terrified of whats happening. We happen to live in a country now where violent activity is going down. We happen to realize that as far as terrorism goes, there were ten cases between 2005 and 2015 im sorry, 14 people killed. So its a serious problem. But its not enough to justify just throwing out the constitution and the issue of privacy. You know . Because somebody says, well, were going to make you safe. The word safety doesnt exist in the constitution. The constitution exists to protect our liberties, and we should protect our privacy, so we should have the right of encryption rather than its sort of like the gun issue, you know . The guns were there originally to protect us against a tyrannical government. Encryption is there to protect us against a tyrannical government thats going to spy on every single thing that we do, and we shouldnt throw the constitution out just for this socalled security. Liz ron paul, sticking up for the constitution. Well see what happens. There is a lot of fear, and thats why some people would like to see this phone opened. Im sure you understand that but, of course, we hear your opinion. Thank you very much for joining us, congressman ron paul. We are going to be right back. 26 minutes before the closing bell ringings. Every day you read headlines about businesses being hacked and intellectual property being stolen. That is cybercrime and it affects each and every one of us. Microsoft created the digital crimes unit to fight cybercrime. We use the microsoft cloud to visualize information so we can track down the criminals. When it comes to the cloud, trust and security are paramount. Were building what we learn back into the cloud to make people and organizations safer. Liz part of the reason were seeing this big breaking news rally right now, and we are seeing a big one with the Dow Jones Industrials up 318 points, the nasdaq jumping more than 100 points, is because weve got Construction Spending hitting the highest levels since 2007 for the month of january, and february auto sales are absolutely killing it. Fiat with, ford, general motors, all those stocks moving higher. But, of course, it is super tuesday, and they say all politics is local, right . So we wanted to bring in the leaders of major metropolises in super tuesday states to tell us what their constituents want to hear. Dallas mayor Michael Rawlings and lansing, michigan, mayor virg g bernero. Right off the bat we need to get to the issues, gentlemen, and im like to start with mayor rawlings. Texas is a key state here. Its extremely focused right now, but all you hear are lots of insults flying back and forth. Whats the most important thing to your state . Well, ill tell you, really what citizens want to hear is how is this going to benefit me. You know, half of the population of the United States is 30,000 citizens and up. So the urban areas are critical and as well they are here in texas. Its about infrastructure, its about water, its about policing, its about home values, its about job creation. Those are the things that are, ultimately, important at the local level. Liz sure. Enough with the idealogues. Lets get it down to the basics and tell me why i should vote for you. Its an important issue in texas because were kind of the hotbed of the tea party, and ted cruz is going to be seeing if he is, can win his home state, whats happening with the tea party. Liz well, yeah. Thats big. So its a big issue here in texas and dallas. Liz let me get to mayor bernero, because looking whats going on in michigan, mayor, youve got some really nice numbers today coming out of the Auto Industry, and it shows the Auto Industry is back. So youve got a better economy there, but what do you need to hear from these candidates . Because a lot of people are complaining theyre not hearing what they need to hear. Yes. Thanks for echoing the great news of the recovery of the Auto Industry. That is michigan, gm, fort, chrysler headquartered right here. We make the things that make america great. You know, the chevy camaro is being made in lansing, the motor trend car of the year. So manufacturing is huge here. One of the things of course, its about jobs, like mayor rawlings said. Really here in michigan its jobs, jobs, jobs, frankly, and its manufacturing. We want to see a manufacturing initiative. We want to see a plan to sustain manufacturing. Im tired of hearing about manufacturing leaking off, going to china and other places overseas. We need a plan by the government to make sure that our Manufacturing Sector continues to thrive. In other countries you see the government gets behind manufacturing. Liz right. Here it seems like our government is content to see it seep away. And we want a plan at the state, local and federal levels to insure that manufacturing not only survives, but thrives. Thats a huge issue here. Liz yeah. I would think. And, mayor stodola in arkansas, weave just heard about all kinds of problems that come in the mud west where midwest where you do have a little bit of a lag there. What arent you hearing from these candidates that you need to hear . Well, i think all were hearing is a lot of criticism that theyre giving to each other, number one. Liz yeah, true. I hope after super tuesday we get a chance to hear some real substantive issues, you know . The issue of how we provide a quality education for everybody, how we take from the cradle to the college and to career to make sure that people have an affordable opportunity to go to school and to go to college. These are the issues. The Innovation Technology jobs of the future are really some things we have not heard from the candidates at all. And i think thats where its at. Our people want to hear about that. Liz yeah. Its about the issue of safety in our neighborhoods and, certainly, the decaying infrastructure system that weve got. Liz i need to whip around here, because we only have a little bit of time, but i want to ask each of you to name a candidate on both sides. You all happen to be democratic males, but i need candidates you could live with on both the democratic side and the republican side. Mr. Mark rawlings. [laughter] its a challenge, i know. Mayor rawlings . Look, im a senator clinton fan and john kasichs been great. Hes talking about bringing the country together. So those are the two that im interested in getting in some serious conversation about. Liz okay. What about you, mayor stodola . Yes. I support secretary Hillary Clinton. Ive known her since before she and the president were married. I think shell do a great job as the first woman president of the United States. If she doesnt win, on the other side in terms of the people that are left, john kasich. Liz okay. I think hed be the most possible. Liz mayor, you and i have spoken in the past together. I know you, obviously, want somebody who understands the midwest. Who are your candidates on both sides . This sounds like the me too chorus, obviously, im for hillary. Hillarys the way to go. Shes going to make a great president. But if i had to pick a republican, hands down, no question, john kasich. Hes the only one qualified, and hes run something other than his mouth. [laughter] liz great to have all of you. We called a lot of republican mayors, and it was hard to get everybody. Everybodys very busy right now. But well be continuing this type of conversation. We want to thank mayors rawlings, stodola and bernero, good luck to all of you, gentlemen. By the way, Everybody Needs to stay with fox business all night tonight. Charles payne kicks off our super tuesday coverage at 6 p. M. Followed by lou dobbs and neil cavuto. The fox business allstars. Were going to bring you instant results, able sis all night analysis all night tonight on super tuesday. And dont forget watch the fox news gop debate. Thats thursday night. All the action gets started at 9 p. M. Eastern. In the meantime, 15 minutes to go before the closing bell rings. Markets are white hot on this super tuesday as investors choose to buy equities. Theyre voting for strongs right now. Lets take it to the new york Stock Exchange, lori rothman. Reporter so far, liz, were up for the entire month of march. Stocks up about 2 . Financials are leading the way, and as you know, financials very retail sensitive. We got some pretty good Economic Data, Construction Spending, manufacturing came in okay. Obviously, oil was up again today. Oil closed at 2 30 eastern, everybody dug in. U. S. Stocks came into the market, and this is where we are right now. The s p up 41 points, the dow up 317, almost 2 . The nasdaq, the outperformer, technology is right behind financials in terms of Sector Performance today, up about 2. 5 . The leading issues on the dow, youve got jpmorgan and goldman sachs. You basically have a situation where some of the earlier data was hard on the inflation front. People are starting to think because of this better Economic Data we may see later this year Interest Rates going up and, as you to know, higher rates mean better profits for the banks. On the downside, the number one and only losing issue on the industrial average today is the one you see there on your screen, united technologies, down about 1. 9 off 1. 83. If youve been following utx, you know its been tangled with this deal with honeywell in the Aerospace Sector and, basically, utx isnt interested in playing ball to do a deal there. So utx is the only loser on the dow. Were just about 15 minutes 10 minutes, 12 minutes away from the closing bell, and it looks like a good start to the new month. Liz i would say. Lori, thank you very much. Weve got breaking news on the gop front runner. That, of course, would be donald trump. The new York Supreme Court ruling that the states case against Trump University that is, the university that donald trump put forward on real estate, learning how to do it can, indeed, go forward. The new York Attorney general releasing this statement on the offices case earlier today, and here it is. Quote we look forward to demonstrating in a court of law that donald trump and his sham forprofit college defrauded more than 5,000 consumers out of millions of dollars. Charlie gasparino, youve been working the story. Right. And ive been covering this for a while. I dont think this this is goino have an impact on tonights election, i think trumps going to have a very good night, but thisll come up during the general election. Hillary clinton does not get indicted for her email, shes clearly going to hit donald on this. You know, listen, im not saying this is the crime of the century, but this was a pretty crazy case. Donald trump started something called Trump University to teach people about real estate. He didnt file in new york state as a university, okay . He had to. So a court ruled it was an improper usage of the term university. Liz okay. Todays ruling does two things, it makes the statute of limitations going back six years, thus, it ramps up the damages. Thats number one. Number two, whats really crazy is that trump they dont have to prove fraud, intent to defraud be to basically get a guilty plea out of this. Thats big. Thats key. If you dont have to prove intent, it makes the prosecutors case a lot easier. Liz what about the experiences what people had here . Put trumps statement on the line, because hes going to vigorously liz is this his lawyers . His lawyers. Donald needs we should have his say up there, because this is really important. Particularly as i describe some of it. Basically, theyre saying theyre going to fight this thing to the end. There theoretically could be depositions during the president ial election. I think thatll wait until next year but, clearly, if donald trump wins the white house, this case is going to be playing out, and hes going to be deposed. Here are some of the cases. People have said, and there are at least two private litigations on this. People have said they paid 15, 20, 30,000 for courses that were not, were not taught by Real Estate Professionals despite the fact that they were told they were taught by real estate liz well, who were they taught by . Lets just say nonReal Estate Professionals. [laughter] you know, you could go back liz not donald trump. Were they promised that they would have classes with donald trump . No, they were never promised donald, but they were promised donald would hand pick the professors, and apparently he did not hand pick the professors. And we should point out this notion of a university. In new york state to be a university, you have to file with the state. They never did that. So we should point out that a court has said, therefore, youre operating illegally as a university. Trump has changed the name to trump entrepreneurial liz does any of in this bother people who are already onboard who very much believe in donald trump . Um, i dont know if it does now. Um, i think, you know, listen, Hillary Clintons got a lot plenty of legal issues shes facing as well right now. You would think theyd cancel each other out. But thisll be an ongoing cause during the election. Its unclear if the email scandal will be an ongoing case. For all i know, jim comeys not going to recommend charges. Liz can you imagine if you had two front runners or two nominees both of whom have a massive cloud over their head that involves legal issues . Right. We should point out this is a civil case. Hillary liz yes. Which is not criminal. Hillarys would be a criminal case, Hillary Clintons. You know, listen, yeah, were in another dimension here. I mean, listen, ive covered this stuff a long time. I dont remember candidates running for office that are under this sort of cloud of investigations from not just listen, bill clinton gave depositions, and he might have lied under oath. He was impeached. But you remember, he wasnt running i dont know that he was running while all that stuff was going on. This is pretty interesting stuff. Liz well, it continues. And weve got a major market move here, charlie, up 313 points. A good first day of march. I was just talking to to one of your guests, and im sure hell be on and arrest this as well and say this as well, whats prompting this . Well, a lot of hedge funds caught short as the markets pop, as oil prices rose, and now their covering their short positions. Those are bets that the markets going to go down. Liz we look at oil right now, oil is the highest since january 28th, and youve got you know jen corp. s ceo, hes saying that commodities have hit the bottom. Okay. So that takes the market up. When you a short seller youre a short seller, you borrow shares from someone, you sell it. Just so the average viewer knows what a short sale is. You hope the shears go down so when you have to pay back the borrow, you pay back at a low price, and you make the difference. Now you think your bet is wrong, its going up, you have to buy. So youre being into an updraft liz right. And you push the markets higher. A Short Covering pushes the market higher. Liz gasparino university. You know . I think im going to file with new york state. Liz make sure you do. [laughter] and, by the way, im not going to you wont see a cutout card of me. Liz cardboard cutout. Whatever. Youll see the real me. Liz well, make sure you have the 4 00 shad e doe. This is a shadow only because liz i mean im trying to grow it out. Liz charlie, thank you. Seven minutes to go before the closing bell rings. A big rally here. Lets get to the floor of the new york Stock Exchange where Steven Guilfoyle is right there. Youve got to tell me whats pushing this higher. I dont know if you heard what charlie was just saying but, listen, youve got a lot of shorts covering, good Economic Data, what else . Yeah. I did hear charlie say he needs a shave. However, weve seen large mutual fund implodes today. A noticeable reduction in cash levels, all right . Also good macro. Consumer Construction Spending came in really good for january with a nice revision for december. Liz okay . Go ahead. So now we had this nice pop today. Were trying to hang onto 1971. That would be a nice confirmation for this market if we get it, and id like to see us between 7179 going out. Liz 1971, a good start of the disco era, right . [laughter] there is a lot of dancing going around in the markets at the moment, but let us look at some of the leaders on the s p, and maybe we can just cycle through these. As you look at what is, apparently, a broadbased rally except for utilities, risk on, right . And that seems to be the sentiment. Yeah, sure. I mean, right. You said utilities are down, gold is down, the vix down, treasuries are down. So the safety dance well go to the 80s. [laughter] liz i remember that song too. Yes, of course. Men without hats. Financials now, lets take a look at financials. Theyre the strongest sector, right . Theyre popping. We saw cpi, core cpi strong last week, core cpe strong last week. What does that tell you . The fed, which is controlled by the banks liz right. Are probably going to raise rates again sometime this spring. Liz although bill dudley of the new york fed, and hes always a voter, said today in china he sees risk and a tilt to the downside. Thats what he said. Hey, listen, great to see you, sarge, thanks for getting in front of our cameras. March is coming in like a lion, but will it go out like a lamb . Joining me now, brian bell sky. I meant go out like a bear. What do you think . No. I think investors around the world that we talk to have been positioned for recession heading into this year, and thats why we saw the big pullback. All this talk of contagion, we thought, was reprehensible and lacked analytical substance. Now fundamentals have reigned supreme, and we continue to believe that the u. S. Stock markets in the midst of a 20year bull market. We think 2016s the reset, liz, and we dont think that theres not going to be volatility, because theres going to continue to be volatility especially with respect to the election cycle, but we think stocks are higher. Liz folks, in these last four and a half minutes, we have a big rally holding on. Were not at the highs of the session but very close. Financials are charging ahead, you like those. Consumer discretionary, the interesting, we had bob doll on last week, and he said that he believes that should right in advance of the oscars be the Lifetime Achievement award for consumer discretionary. These are names like coach and tiffany and michael kors where you spend when you have extra money, correct . So doesnt that depend on a great economy . We only have 1 growth right now. Well, depending on three things; confidence, lower gas prices which sub 1. 50 gas around the country is meaningful, but then also with respect to whats going on with the economy continues to recover, and i think nobodys positioned accordingly for that. Remember, we have some great Consumer Companies like amazon, media stocks, we think are very, very attractive. Liz we have to talk about apple. This stock, would you argue it has a bit of a dark shadow over it, considering what is going on right now . I dont know if we dip in show you video on capitol hill. Fbi director james comey, just now getting up, i believe. He finished his testimony. Photographers are bearing down at the moment. Apple seems to be holding on to gains of anywhere three to 4 . You can see were in advance minutes away from the apple attorney, bruce sewell, has he put his hand up to the take the oath . Okay. We havent seen that yet. Well keep camera trained on there. But apple is going to vehemently say it must not be forced to write code that would open up the iphone. Does it affect the stock . From sentimentwise, it probably does, liz but from a fundamental perspective has more cash than many countries. They continue to appropriate that cash and this is blemish. Liz we havent seen too many people jump on ban using iphones, boycott there, right . Who among us from the iphone 7 comes out wont be first in line . Exactly. Liz looking ahead we see march can be a you tough month. It can be a tough month. Remember january was horrible month. One of the worst januaries in history of the stock market. Liz shocked a lot of people. Fourth quarter of 2015 when we typically see strong gains in the Fourth Quarter was pretty weak. I think seasonality factor could be waned a little bit, liz. Meaning it will be pushed out. I worry about summer months we head into some of the conventions and a lot nor messier news on the election front. Liz believer that goes on with the elections affects markets. Brian, love to have you. Thank you, liz. David he liz he is a bull. Brian belski. Were awaiting on apple news. Their attorney about to take the stand. So much more on super tuesday. David apple is trading up 100 a share. It was down 92 not so long ago. A super day for the markets. Of course a super day for politics all over the country. Super tuesday vote something underway in the biggest contest yet in race for white house. Today is the day that could makeorbreak several campaigns. Melissa absolutely. Two for tuesday. Everything gets decided. We head down that road. We have continuing coverage this hour leading up to the big results. Among guests joining to us take us through the hour, steve hayes, i love him. Always so smart. Bill hemmer, excellent. Art laffer and former president ial candidate Mike Huckabee and candidate jim gilmore. David markets are not doing bad. Were a few hours away from super tuesday results. We want to get quickly to the markets. Melissa the markets where we see biggest rally in a month. The dow soaring up 333 points as we head into the close of trading. Oil having a big spike today. One of the things that was really leading things higher here. Here is look where we are ending the day as the markets [closing bell rings] the closing belgianing to ring. S p 500 trading higher as well by about 2. 3 . Look at nasdaq show. David wow. Melissa look at that action on percentage basis. Up almost 3 . 128 points. David gold higher but not too much. Oil settling at the highest level in eight months. Phil flynn of price futures group, fox business contributor joins me now from the cme. So, phil, oil was trading down until about 11 00 a. M. This morning eastern time. We saw this huge spike up. What happened at 11 00 a. M. To turn it around . Well there was two things. The main thing a report out of the Russian Oil Minister that basically said, hey, most Oil Countries have an agreement to freeze production and were going on
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