The s p added 6 points. Gold lost 5 moving back below 13hundred dollars an ounce and oil gained 29 cents. In earnings after hours, the Container Store missed, while herbalife came in better than expected. Another drop in debt. The u. S. Treasury expects to pay off 78 billion of debt in the third quarter, thats almost double to the earlier projection of 40 billion. And, reuters reports allergan is targeting Biotech Company shire in a potential takeover attempt. Trader todd horwitz of average joe options. Com joins us to prepare the way for this trading day. Good morning to you. Good morning angie. We have the fed ahead this week. What are you anticipating . Any change in rates . Any change in policy . I dont think there will be much change at all. I think that theyll continue the course knowing that they will backstop the market at any chance they can. As we saw the action on monday, we saw the market way down and i think that somebody probably got a whiff that the fed would do something different. I think they stay the course and continue but the bottom line is that janet yellen has made it clear that she will back the market up anytime she needs to. Are traders worried about the jobs number coming out on friday . I think traders may be thinking about the jobs number and what the reaction might be but really the now always comes back to the fed because the jobs we have seen over the past few months are not very good but still the market has managed to rally. The market is worried about this russia situation. Are there any plays youre doing . Are you shorting anything or buying anything . Im looking to get short oil and the grain markets as soon as some of this trouble wears off. Were seeing a lot of fear premium, especially in oil. We are still in what we call backward ation oil so the front month premium is so high. I think as soon as the troubles in russia resolve oil comes crashing down hard. Thank you. Good to have you on the show. Thank you angie. Sanctions that cut off business, freeze assets and ban travel are in place against 15 more russian government officials. That brings the total to 28 as the u. S. And europe attempt to get the president of russia to desclate the conflict in ukraine. I think the hope of the sanctions is that some of these guys are going to turn around to the friend vladimeir putin and say vlad, this is really hurting our business, can we scale it back a little bit. Thats the scenario we hope will be affected by the sanctions. Among businessmen targeted by sancations the president of the russan state Oil Company Rosneft who has worked for putin since the early 1990s Carol Saivetz a russian policy and researcher at mit tell us. It will take time to know if the sanctions are working. But there are signs the russian economy is slowing. Chuck coppola joins us me this morning. Chuckim sure bank of america investors will be hoping for a rebound in that stock today. Bank of america admits to a miscalculation of how much capital it has on its books. Shares plummeted 6 monday wiping out 10billion dollars in market capitalization. And because of the bad math, the secondlargest us bank says its suspending its four billiondollar stock buyback as well as a planned increase in its quarterly dividend. At issue is how bofa calculated the value of structured notes after bofas purchase of Merrill Lynch during the financial crisis in 2007. 3 u. S. Based traders at British Bank BarclaysFace Criminal Charges in the libor rate rigging scandal. They become the first on american soil to become a part of the scandal to be charged by uk authorities. The 3 traders reportedly will stand before a london court next month. Security flaws have aol and microsoft users on alert. Microsoft is working to fix a bug that has been discovered in versions 6 through 11 of its Internet Explorer browser. At aol a rise in spoofed emails has triggered an investigation. Fake emails were sent to a signficant amount of aol users, and contain malicious links that compromise user data. Aol says all users should change passwords and security answers. Toyota is moving its sales headquarters from southern calfornia to texas. Its one of many changes by the automaker to save money after paying a 1. 2 billion to fine to the Justice Department over a delayed recalls for fautly car parts including steering wheels and airbag. Its well documented Texas Governor rick perry has been making lucrative offers to California Companies to move to texas. In japanjet maker boeing is reportedly keeping japan within its supply chain. Reuters reports boeing will build parts of its triple7x jet in japan with the help of two japanese manufacturers. The ties could help advance boeings sales in the asian market. Boeing reported earnings this week that beat expectations. The company lifted its full year forecast. As the economy continues to recover, job growth has been primarily in lowwage work. A new report from the National Employment law project shows strong growth in the restaurant and food service industry, especially fast food chains, but relatively little job growth in middleclass professions. Industries such as accounting and law shed 3. 6 million jobs in the wake of the 2007 financial crisis, but only added 2. 6 million positions in the recovery. Lowwage industries lost 2 million positions but gained nearly 4 million. In todays cover storythe head of pfizer pharmaceuticals, ian read says there are clear Tax Advantages for pfizer if it acquires pharmaceutical company, astrazeneca. Its a strategy analysts say may be enticing for shareholders of both companies. Pfizers billion dollar bid for angloswedish Drugmaker Astrazeneca has boosted stock for both pharmaceutical giants. So far, pfizers bid has reportedly been 70 in shares and 30 in cash. Astrazeneca has rejected pfizers bids as too low. However, we think eventually, it will accept the bid. Conover says pfizer stands to gain a combination of drugs that help the immune system fight cancer. This could be the big breakthrough product that leads astrazenecas oncology franchise. There are also considerable Tax Advantages for pfizer. For one, pfizers headquarters could be listed in the uk. The significance of moving the hq to another country is to bring down their overall tax rate. Conover thinks pfizer could cut its tax rate from 27 currently 20 or lower by moving its headquarters and intellectual property to the uk, where the government has tax breaks for income generated through patents. As pfizers ceo put it, the United Kingdom has created attractive incentives for companies to manufacture products and maintain and protect intellectual property, and we have seen that capital and jobs have followed these types of incentives. Under british takeover rules, pfizer has until may 26th to make its bid or back away. Astrazeneca has been revived under ceo Pascal Soriot and has reoganzied to cut costsanother enticement for potential takeover. A deal between two u. S. Drug companies caused a pop in one of the stocks. Shares of furiex pharamceuticals shot up. 23 monday as investors learned forest labs will spend 1. 1 billion dollars to buy furiex. It will give forest labs acess to a broad line of treatements for gastrointestinal disease treatments. Forest labs however is being purchased by actavis which is based in ireland. Put it in writing judge Steven Rhodes has asked detroits city officials to submit a final version of a document detailing the citys plan to exit bankruptcy, by friday. Yesterday, detroit reached a temporary deal with 14 unions on a five Year Collective bargaining agreement. Terms of the deal were not released. The union pacts are subject to ratification. New housing data is dropping hints about whats in store for the months ahead. Pending home sales popped 3. 4 in march after the long winter slowed the home buying process. Weve been anticipating a bit of a spring bounce, eventually. The data has been at pretty low levels for the last few months. So when youve had several months of low data its not surprising to get a little bit of a bounce in response. That was Danielle Hale of the National Association of realtors who says the organization expects a rise in sales for the next several months. While the data is better. Its still down 7. 9 compared to a year ago. Hale says that is due to a flurry of factors including price increases, rising mortgage rates, and lower inventory. Overall the industry is expecting a 4. 9 million homes sold this year versus 5. 1 million last year. As part of its 45 billion bid to acquire time warner cable, comcast promises to divest more than a million of its pay tv subscribers. Charter Communications Says it will buy 1. 4 million of those customers for 7. 3 billion dollars. Its a move to appease regulators, and part of a threeprong deal that ensures comcasts market share will stay below 30 . The deal will also see the much smaller charter create a spin off company in the midwest. Pro Football Player vernon davis is in play in the ipo market. After gettting off to a rocky start, fantex finally launched shares of the San Francisco 49s tight end monday. All 421thousand shares sold, raising 4. 2 million at 10 per share. Investors make money if the value of davis future income exceeds 42 million. The risk is high including the possibility of injury. The nba will hold a press Conference Today to update its investigation into racist remarks allegedly made by Los Angeles Clippers owner donald sterling. The financial fallout from those remarks is already underway. Used car dealership carmax, state farm insurnace, kia motors america, Virgin America airlines, aquahydrate and red bull have all pulled sponsorships of the team. Yahoo sports is reporting that magic johnson, along with guggenheim partners, is interested in buying the clippers franchise. Googles driverless car is zipping closer toward becoming an every day reality. The tech Company Found in a recent test the car can handle thousands of city situations such as bicycle riders or pedestrians popping out of now where. Googles goal is to make Driverless Cars public by 2017. Still to come as twitter stock gets sliced and diced. What that means for its earnings day. Plus. Find out why drones are presenting a new career path for students. And. Drown on the farm. Why crop farmers are facing a major setback. Stay with us farmers are falling behind in spring planting. As cold, Rainy Weather soaks corn fields. The latest numbers from the government show the top 5 corn producing states iowa, illinois, nebraska, minnesota and indiana are all struggling to get seeds in the ground. Joining us now is Scott Shellady ceo of bull reef brokerage at tjm. Good morning to you and thanks for joining us right from the trading floor. Thank you. Glad to be here. How serious is this . We have a meteorological word for it. What we call the weather weve been having lately is called spring. It happens every year. Youd be surprised at what the American Farmer can do with the new technology that we have. We can do a lot in a weeks time. Dont get too nervous yet. I have a new wordits called sprinter. Thats when winter never really seems to end. I know that farmers dont like to complain about rain, but how late can we go . When will it be too late . Id start to get nervous around may 10th. I think thats when well really start to see some degredation in yields. It doesnt mean we still cant have a big crop but it starts to take the top off. Well get the crop in. My father has been doing this since 1962 and hes got a great linename me a year where we didnt plant corn . So everybody should relax. Well get it in. The American Farmer is great and with the technology and type of equipment we have nowadays we can do almost 35 of the total crop in a week or week and a half. Im hearing that when farmers cant get the corn seeds in, they can plant soybeans. Is that correct . That gets too much play i think. You make plans and you put the right fertilizers on your field for what youre going to be planting in your field so its not that easy to just go and switch. People do switch. But its not as easy as guys think it is. Youve bought your seeds already too a lot of times. So theres a drop dead day where youre kind of committed and its not that easy to switch around. I think ultimately were going to have more corn acres and more bean acres this year. Right now youre going to get more chatter about guys trying to switch but its not as easy as folks think it is. Thanks for coming on the show. This is a big relief and i hope all goes well for the farmers. We love them. Thanks for coming on. Thank you. A pig virus continues to kill tens of thousands of young pigs on us hog farms. The highly contagious virus called ped attacks piglets, causing dehydration. Since june 2013, ped has killed 7 million pigs in the u s. Close to 10 of the population. As a result hog farms may wind up producing about twopercent less pork this year. Hog futures are at record highsalong with prices at the meat countercurrently 3. 83 a pound. Coming up. As high flying tech stocks tumble. One money manager says take your pick and. Drones are being called the dawn of the new space age. Bill moller explains how the average person can get it on the action, next iafflec and many actors have played the part of u. S. Servicemen in the movies, but for veterans like james crosby their service and their sacrifice are real. And too often when they come home, their struggle continues. For over sixty years, paralyzed veterans of america has been fighting to help our injured veterans get the benefits they need, and have earned. Paralyzed veterans of america was there for me when i came home. Join me in supporting our paralyzed veterans. Visit pva dot org. We are quickly moving into the age of the dronethe Unmanned Aerial Vehicle or uav. These camera bearing mini flying platforms are being used in ever more creative ways as the faa is considering regulations governing their use. In fact a field of study is also growing around uavs. Lets talk with dr. Luis cifuentes. Hes the interim director of a m universitys new loanstar Unmanned Systems center in Corpus Christi. Why dont you tick off some of the drone based careers that students can actually pursue now . There are going to be tremendous careers for our students. People that are in engineering and Computer Science and geospatial science are going to be able to take those skills and apply them to this new industry. There are also going to be those individuals that might go to a 2 year school and learn how to operate and maintain these systems. We certainly think of this as a third kitty hawk moment in aviation and we are preparing to teach our students and educate our students in order to be able to provide the workforce for that new industry. Whats exciting about your center is that its not just on computers and theoreticalthey actually go out and use these drones in real world applications. Absolutely. If you look behind me youll see that we have our rs16 and weve been flying that south of Corpus Christi looking at the maritime environment of padre island, looking at seagrass growth, looking at algoe blooms, looking at oil spills. There are a variety of different applications that you can use with Unmanned Aircraft systems or drones. It depends on what kind of sensor you want to put into them. So there is a whole new budding Research Field of putting sensors onto these platforms that our students are going to be able to get into. Aeronauticsthats another component to this. So what is the demand for drone science degrees these days . Just in texas, it is anticipated that in the next 10 years there are going to be 4,000 direct jobs and 8,000 direct and indirect jobs. A lot of those jobs are going to be technical jobs. So all of those people are going to have to be trained in one of these fields in order to be able to meet the requirement. And thats just in one state. Dr. Cifuentesthank you so much. Thank you. Thanks bill find out next if drones will be a saving grace for amazon as the stock continues to tumble. And are twitters best days gone forever. Why the stock is falling out favor with investors. Chart talk is next. Im going to pass chemistry, and ill take it from there. Im going to do what makes me happy. Im going to work hard. Be independent. Live large. Make the most of every opportunity. I knew i wanted to go to college. But figuring out how to pay for it . I didnt have a clue. The u. S. Department of education has over 100 billion. And thats a lot of money. To help students pay for college. And the free application . You mean the fafsa. I did it online. It was easy. Im never giving up on my goals. I will make a difference. Im going to find out how to pay for college. Im going to college. Gov. And many actors have played the part of u. S. Servicemen in the movies, but for veterans like james crosby their service and their sacrifice are real. And too often when they come home, their struggle continues. For over sixty years, paralyzed veterans of america has been fighting to help our injured veterans get the benefits they need, and have earned. Paralyzed veterans of america was there for me when i came home. Join me in supporting our paralyzed veterans. Visit pva dot org. Its all about tech this morning with matt shapiropresident of mws capital. Good morning matt. Good morning angie. Lets start with twitter. This stock has fallen out of favor with a lot of people i know in the options market. Just average joe traders have been buying puts heavily. Theyre looking for a downside move ahe