2. 4 billion dollars tax dodge by senator carl levin. The equipment maker disputes the allegation. A cook county judge throws out a lawsuit by a Chicago Law Firm in connection with the Malaysia Airlines flight 370. The judge called the filing improper. And the fbi is now investigating possible criminal wrongdoing in High Frequency trading following a 60 minutes report. A new trading month and a new quarter get underway at the sound of the bell. Joining us now is matt shapiropresident of mws capital. Good morning matt. Good morning angie. What do you think about the new month in trading ahead . Yesterday we had a rally out of nowhere at the end of the quarter which is unusual. A lot of times there is profit taking in the last couple days so im really optimistic. This week were going to have a lot of Economic News followed by the big jobs report on friday so well have to see what happens over the next few days. You say the Market Action was unusual. What do you mean by that . Weve never had this happen before . Weve seen it before but i would say 1 out of 4 quarters only. Most of the time, end of quarter theres a lot of rebalancing and the market tends to fall. Lets look at some solar stocks. This has been a hot area in the market. Would you buy solar stocks at the current levels . First solar is the leading one and if you look at the fundamentals its really got some momentum. Investors out there want to try and find something thats the new big thing and solar is kind of gaining momentum. There is first solar, theres solar citywhich is the tesla guy, elon musks stockand is wildly overvalued. Then there is sunpower corporationfirst solar seems to be the class of it. So if you have a taste for the solar stuff, these are some of the names you should be looking at. Thank you matt. Youre welcome. As the 2nd quarter starts today the economy may be ready to brush off the winter blues and bloom. Economic indicators including manufacturing, home buying and retail sales cooled off in the First Quarter as consumers were forced to stay indoors as winter beared down. But now, juli niemann of smith moore and Company Believes change is in the air. The change in the economy is definitely one of growth and while its not a snails pace growth anymore its more a turtles pace growth but we are headed in the right direction. Niemann says this spring she is stocking up on shares of transportation, manufacturing, and Materials Companies for her clients. Diane moca is filling for Chuck Coppola this morning with a report on how the Federal Reserve is monitoring the economy. Good morning. Angie. In todays cover story. Fed chair janet yellen warns conditions in the labor market are worse than the Unemployment Rate suggests. During her first public event as fed chair. She talked about what the fed can do. Machine turning on and humming the machines were humming. And the students were singing the praises of an advanced manufacturing program. As janet yellen toured the city colleges of chicago. She applauded the inexpensive. Shortterm program. Teaming up business professionals and academics to try to close the skills gap. But said such efforts arent enough to lower nagging unemployment declaring the feds job is not done. i think this extraordinary commitment is still needed and will be for some time. Yellen also told more than a thousand Community Development professionals that the fed has its eyes on slack in the labor market. Thats when the pool of skilled workers seeking employment. Outweighs the jobs available. No amount of training will be enough if there arent enough jobs to fill. The fed head hints that Interest Rates will likely remain low until unemployment declines further. An attitude that turned into a market mover. Todays rally suggests that longer easy Monetary Policy is in store for the market, and thats why equities are going to outperform. Yellens comments contrasted those implying a tightening of stimulus a few weeks ago. If we look at what we need to get to those lower unemployment levels and those higher participation rates is we need 200,000 a month, and that wasnt previously expected for friday. But it is now. Yellen said the steady decline of unemployment isnt sufficient because. Its too gradual. The longterm unemployed are shunned by employers. And those finding work are suffering longterm wage reductions or only working parttime despite efforts to find fulltime jobs. The recovery still feels like a recession to many americans, and it also looks that way in some economic statistics. Yellen told the crowd that the fed will continue to expand its efforts to promote community redevelopment. And she asked the Community Leaders at the National Conference to do their part. By collaborating more with each other. And with business and government. To achieve success. Gains and glitches. The obama administriation met its goal of getting 6 million americans to sign up for health care insurance. However from the starting day to the deadline the Governments HealthCare Exchange website was plagued with problems. Monday applicants were temporarily blocked from creating accounts as the site apparently crashed under the crush of more than 100,000 people rushing to sign up at the same time. There has been a remarkable story since the dark days of october and november which has resulted in a situation on here on the last day of enrollment we are looking at a number substantially larger than 6 million. The number may even exceed 7 million. Americans who started their application proces will have a grace period to complete the process. As gm Ceo Mary Barra heads to capitol hill. General motors is issuing a new recall of 1. 3 million cars. The automaker says certain chevy malibu, malibu maxx, hhr and cobalt models, along with saturn aura, ion and pontiac g6 models, may have a power steer defect. Barra testifies in a house hearing today. Shes expected to apologize to victims familes for an igniton switch issue that is linked to 13 deaths. Lawmakers will press barra on why it took nearly 10 years to issue a recall. Barra testifies before a senate committee, tomorrow. The ceo of fiat and chrysler is telling competitors to watch out. The brands, which are in the midst of a merger are revving up production to 6 million cars a year. A level it says will give it a Competitive Edge in the global marketplace. The merger between Fiat Chrysler automobiles is expected to be official by the end of the year. Hundreds of amazon workers in germany strike again over pay disputes. It follows an earlier strike in the leadup to christmas. This time, 500 workers are walking off the job. Germany is the second largest market for amazon after the us. Amazon successfully fought unionizing by america. Workers. German Airline Lufthansa is canceling nearly 4,000 flights as pilots demonstrate. It is one of the bigest strikes to hit the airline. The company employs 54hundred pilots. They are striking over the companys plans to scrap an early retirement program. Lufthansa says the walkout could cost tens of millions of dollars. The idea of allowing cell phones on planes gets more static. The powerful Global Business travel association, a trade group for business travelers, calls the idea of cell calls on planes detrimental to its travelers. Business travel is responsible for 3 of the entire us gd p according to a study by the travel Association Giving business travelers an influential voice in this debate. 9 companies will debut stock this week. Ims Health Holdings is among the heavy hitters. The Company ProvidesHealth Care Consulting services to drug makers. Its the largest ipo of the week. The company intends to raise 1. 3 billion and will trader under Ticker Symbol ims. Grub hub the online restaurant pickup and Delivery Service will be the biggest tech ipo of the week, with plans to raise 148 million by going to market friday under the the ticker grub. And Rubicon Project a cloud based platform for buying and selling Digital Advertising opens wedensday under rubi with plans to generate 108 million despite its recent lackluster ipo candy crushmaker king digital is adding jobs. Its looking to fill 165 positions according to the wall street journal. The job listings range from development to human resources, however the company isnt commenting on the additions. King digital fell 20 in its market debut. The stock was up slightly in trading yesterday. Investors await a possible decision today from the fda about an insulin that can be inhaled by people with diabetes. The fast acting insulin is called afrezza and is made by mannkind. Ahead of the fda report mannkind shares slid 16 . Investors were quick to unload Prana Biotechnology stock after the companys phase two trial for an alzheimer treatement failed to meet goals. That Stock Plunged 71 . While shares of novartis shot up 4 on word the drug company is seeking approval for an experimental Heart Failure treatement. Johnson and johnson makes a 4 billion deal for its Ortho Clinical Diagnostics business. Global Asset Mangement company the Carlyle Group made a binding offer for ortho clinical on january 16th. The company has invested more than 6 billion in healthcare transactions since its founding in 1987. The Carlyle Group closed up almost 21 2 yesterday. Soda sales continue to fizzle in the us. Carbonated soft drink sales fell 3 in 2013. It follows a decadelong trend and a steeper drop than 2012s 1. 2 decline. Soda still represents the largest percentage of the beverage industrys sales, but soft drinks also face criticism regular sodas are under fire because of high sugar content and the link to obesity. Diet versions have recently been associated with an increased risk of heart disease, stroke and even death. Startling new stats about College Graduates and jobs. Data shows many College Educated grads are working for lower wages. The bureau of labor statistics finds 260 thousand grads worked minimum wage jobs last year. One hopeful signthat figure is the smallest since the recession began. It hit a high of 327thousand in 2010. Its a grand slam for baseball salaries. Some players are taking the field this season with record paychecks. Usa today reports 15 teams have an opening day payroll of at least 100 million. The payroll for the la dodgers is the highest in Major League History at 241 million. The Detroit Tigers are guaranteeing 30 year old first baseman Miguel Cabrera 292 mlllion into his 40s. What a hit. Still to come data driven. The numbers traders are watching during this critical week. Plus. How to stay one step ahead of hackers targeting your gadgets. And. What you see isnt what you get. One authors explosive claims that the deck is stacked against the average investor. After the break bombshell accusations about how High Frequency traders are rigging the stock market are revealed in the new book flash boys a wall street revolt by famous author michael lewis. It was a hot topic on 60 minutes over the weekend and even hotter on trading floors around the nation. Joining us now Alan Knuckman of one stop options. I know traders were buzzing about this. So what are people saying . Theres a lot of shock value to what he said. Obviously hes trying to sell books. Hes a great writer but i think hes trying to get a lot of attention. Investors have never had the tools that they have now to be successful so i think its a misnomer to say that things are in one persons favor versus another. It could be true. Michael lewis contends that High Frequency traders have a fraction of a second to jump ahead of other traders and investorsalso known as front running. Isnt that completely possible . No. The answer is no. The spreads now are tighter than they have ever been. Were talking about parts of a penny. So if youre an investor and youre trading for weeks, months, years part of a pennys not going to matter. The markets now are more efficient than theyve ever been. Spreads are tighter, your commission costs are lower. Your overall trading costs are the lowest theyve ever been in history. Also theres more participancyyou can execute your trading plan and get in when you want and get out when you want. That also contributes to a lower overall cost for your investment. Do you think that the average investor having seen that report on 60 minutes will change their minds about investing in stocks . No. Theyre investing. Theyre not High Frequency traders. And if they think they can compete with those guys in day trading theyve got another thing coming and they deserve to not make money. So theyre thinking long termyou can get in when you want, get out when you want and really invest for the long future. And youre telling me you dont feel any pressure when youre trading against some of these High Frequency guys . Im not gonna try and trade against those guys. Theyre gonna win the war. Theyve got the technology and the budgets to win that millisecond war. I look at the big picture as should most investors. You want to be looking at things for the long term and not worry about the milliseconds and leave that to someone else. So steady as she goes. Exactly. Thank you alan for coming on our show this morning. Thank you. Coming up. What a trader is learning from the Options Market about an education stock that reports earnings today. And. Hackers arent just targeting computers anymore. Find out why even your toaster is on the new hit list next with bill moller. Real issues theyre dealing with can be awkward and uncomfortable. But when their behavior changes, its time to act. Because if we dont, our families and relationships will suffer. Listen to the veterans in your life and show you care. It matters. When you recognize a veteran is in crisis, call the Veterans Crisis line at 18002738255 and press 1. Youve heard the term internet of things the connecting of objects to the internet. Refrigerators, dvrs, fitness bracelets, home baby monitors, cars, your Home Security system even pacemakers. But by being online, all these things become vulnerable to hackers. Jerry irvine is president and cio of Prescient Solutions and is a member of the Cyber Security task force. Its already happening yeah, it is. Currently theres about 2. 5 billion devices that are connected to the internet. Most of them being mobile devices and cellphones but by the year 2020 theyre suggesting there will be over 30 billion deviceseverything as you mentioned from toasters to thermostats and alarm systems. What are hackers doing right now to break into these things . There are literally over 100 thousand known viruses and malwares that are specifically attacking these devices to gain access to your personal network. The idea is to get into them because they are weak and vulnerable and then get to your pcs to get your financial information. Give me examples. A specific thing that happened back in january was a distributed denial of Service Attack where hackers went into these internet of thingsspecifically in this situation refigerators and toastersput malware on them and use them as a robot to target specific websites on the internet to bring them down. And a person with a toaster didnt knowtheyre still taosting bread. Wasnt the target hack a vulnerability where they used one of these approaches . Its been reported that the way the hackers gained access to the target environment was through their hvac Companys Network to go in and manage their heating and air conditioning systems. We protect our computers with antimalware and antivirus and we dont think about these things. What should we be doing . There is no antivirus solution you can put on them and most of them cant be updated like you update your pcs. What you have to do is segment them. Dont have them on the same network that your pc is on. Put them on a Virtual Local Area Network so that nothing can get to them and they cant get to anything else. And its separated from yoru personal financial informationits not on that network. Absolutely. Then, configurate vpna virtual orivate network to access them from your mobile devices or from your computers. Its a scary world out there when not just your computer but your toaster can attack you. Jerry irvine from Prescient Solutionsthanks so much. Thank you. Fascinating interview thanks bill. Just ahead a traders fasination with trading the market this week. And why a wild ride could be ahead. Chart talk is next. Last but certainly not least on our show this morningjames ramelli of keene on the market dot com. What will you be watching for this week . Theres a lot of data coming in. Right, we have a lot of data. Monday saw the stock market broadly h