greece is ready to hit the bond market. in today's cover story...trouble on the road as automakers issue new recalls. plus...3d printing prepares to take medicine into the next dimension. and...movie money madness...the film studios spending big to win big. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! i'm angela miles. it's thursday, april 10th. in today's first look: are bears on the run? the stock market logged one of its best days in more than a month wednesday... after fed minutes from the fomc meeting revealing interest rates are

likely to remain low. the blue chips rallied 181 points the nasdag 71 and the s&p 20. gold added $3 dollars and oil 79 cents. shares of bed bath and beyond dropped 4% after the close as the retailer reported a 10% profit slip. a new filing shows jp morgan cut ceo jamie dimon's pay to $11 million last year from $18 in 2012. florida's orange crop will be the lowest in decades according to the ag department as a deadly greening bacteria infects trees. and northwestern starts the process of appealing the ruling making it possible for football players to unionize. joining us now is trader todd horwitz of average joe options. i love to tease todd because he's the most bearish i have ever met. good morning big bear. >>what's up? good morning to you. >>what did you think about those fomc minutes? and the rally that ensued?

>>i think the fomc minutes were exactly what you expectthat the fed was going to try and take back what they said and what janet yellen said after a last meeting and say that they weren't going to be in such a hurry to raise rates. but i think more importantly, the rally really came off of 1840 in the s&p, which is a level we've been trading back and forth for about the past 3 months. other than that dip down in january, 18.40-18.80 has been the level and i wouldn't be surprised to see us get back to 18.80 before it's all said and done. >>so would you call this dead cat bounce rally of another downward leg in the market? >>i do. i think that this is a great opportunity to sell if you are bearishas i am. you wait your opportunities and you look for a spot to sell.we are seeing a lot of weakness in the nasdaq and the russellwhich those are the indexes that dragged us up to the highs. certainly they can be the indexes that drag us down and help us make some lows. >>russia is talking about oil again and oil futures are

rising higher. what do you think about the oil market? >>i think the oil market is very interesting. we are in what we call backwardation right now. all of the premium is built into the may and the june contract and as you go farther out believe it or not december oil is trading $96 right now while may oil is trading over $103. this is a lot of fear premium built invery similar to options. this bubble will pop but as long as there's uneasiness and unrest in russia and in libya, these prices will probably stay higher. >>thank you todd. >>thank you. greek bonds are back! this morning-- for the first time since the country was rescued from bankruptcy with a bailout 4 years ago ... greece will issue a 5 year bond, reportedly with a yield around 5.5%. reports also say the size of the bond sale is not clear but could reach $3.4 billion dollars. at the same time... labor groups are holding a 24 peaceful protest. union workers have been forced to endure cuts in pay and pension during the deep recession in greece. chuck coppola joins us now for a look at the recent volatility in the nikkei. good morning

chuck! angie, the nee-kay has hit a 2 week low after japan's central bank decided not to inject additional stimulus into the economy. the i-m-f is now pressuring japanese prime minister shinzo abe (ab-eh) to do more to execute his economic reform plan known as "abe- nomics". despite whispers of doubt, tom elliott, an investment strategist with deveere group, sees opportunity. abenomics is a huge stimulus quantitatve easing and supply side reforms to the economy. so my gut feel is to take a long position, but this is for the investor who can withstand what will continue to be high levels of near term volatility." elliott see growth opportunities for investors in stocks related to japan's domestic consumption such as hotels, food distribution and retail. the u.s. is leading the global economic recovery.. but treasury secretary jack lew tells cnbc.. there's a lot of work to do". lew says the economy has been growing since the bailouts and reforms on

wall street. but improvements are still needed for americans on main street. the treasury secretary believes jobs training and infrustructure programs will stimulate the economy. lew will be part of an international monetary fund meeting this week in washington dc. in our cover story, there's a new rush of recalls in the auto industry. and some say it was triggered in part, by the government's scrutiny of general motors for manufacturing flaws linked to 13-deaths in more than 30-accidents. this week, toyota announced five recalls, affecting roughly 6.4-million vehicles around the globe. two-point-three million of them in north america. in north america, defects in 27-toyota models from 2004- through 2013 including it's most popular vehicles, camry, carolla, rav4 and tacoma pickup, include problems with cables that could disable air bags...seats that could slide forward in a crash. in asia, toyota starter motors could catch fire and windshield wiper motors may fail.

"i don't think it's a coincidence that we're seeing a number of safety or safety- related recalls." analysts say the scrutiny of general motors has put more pressure on automakers to find defects. "putting more resources behind it--absoslutely. if they aren't doing that, they're nuts." this week, volkwagen ordered dealers to stop selling passats with newer 1.8 liter engines, because of oil leaks that could start a fire. also, vw is recalling cars with headlights that could go dark if the hood is slammed shut. "obviously both are made in chattanooga and so it's incumbant that managers there make sure they're producuing a safe product." also, analysts say automakers may order recalls now hoping that g-m's high-profile recall overshadows problems elswhere. "i do think they're hoping it all gets 'lost in the wash' of all the recall fatigue among the public, that's it's just another gm recall story and people won't notice."

toyota's recall follows that automaker's 1.2 billion dollar settlement, last month for concealing information from safety regulators about sudden acceleration problems that led to five deaths and recalls in 2009 and 20-10. the cost of the search for missing malaysia air flight m-h 3-7-0 is expected to be the highest in aviation history. reuters analysis shows $44 million has already been spent. but, that number does not include a long list of expenses such as a full tally of all the military power. at the moment australia is bearing the brunt of the costs because it is leading search efforts. detroit has reached a deal on its debt. the city will pay 74 cents on the dollar of money owed to bond holders, as part of its bankruptcy organization plan with creditors. the deal is beneficial to pension funds... which will receive 100 million dollars in the deal. city pensions are expected to

take a large hit in the bankruptcy... however, this deal could potentially keep retirees out of poverty. approval is required by judge steven rhodes. in our ipo watch today the much anticipated ally financial debuts today. ally is the former auto lending arm of gm. the treasury plans to sell its remaining 109 million shares in ally, putting an end to its bailout by the end of year. taxpayers will net around $3 billion in the year. yesterday, shares of hotel chain la quinta holdings climbed 4% in its opening day. while ikang health care group...rose a healthy 15%. procter and gamble is selling a large kibble of its pet food business. mars inc agrees to pay $2.9 billion for p and g's iams, eukanuba and natura brands. the deal excludes some markets, including europe. procter and gamble is in the midst of a turnaround plan that will see it focus on its more profitable core businesses. a looming debt payment could put american apparel in peril

the retailer is facing a $13.4 million dollar interest payment this month and that amount exceeds the amount of cash on hand. ceo dov charney has secured a funding infusion from swiss investor five t capital a-g. the zurich based investor now owns a 13% stake in american apparel and is the company's largest outside investor. the nation's largest manufacturer of kosher foods has been sold. manischewitz has been acquired by sankaty advisors, a division of bain capital, for an undisclosed sum. the number one baker of matzo in the world will continue with business as usual according to the company. a bill aimed at ending killer whale shows at sea world-- will wade for now. the legislation came in the wake of the 2013 documentary "blackfish". the film chronicles harsh living conditions of killer whales that could account for thier deadly behavior that killed 3 seaworld trainers. seaworld calls the documentary severely flawed. a california lawmaker will press forward with a study that could last into next year. seaworld stock has gained nearly

$3 this week. the cruise industry is still suffering from a wave of bad press. public perception of "cruise quality" is down 11% compared to last year, according to a harris poll. this week 37-people fell ill aboard the crown princess, operated by princess cruise lines. it's the latest incident in two years of high profile problems that began with the crash of the costa concordia in 20-12. the cruise lines international association, a trade group contends bookings are solid and ships are leaving full. cruise stocks including royal carribean and carnival cruise have both rebounded from the p-r nightmares. comcast attempts to woo washinton with its plan to acquire time warner cable. comcast executives testified before the senate judiciary committee wednesday. telling the senators that buying time warner would mean more competition in the marketplace. "while this transaction will

make us bigger, that's a good thing and not a problem. most ofour real competitors are national and global and larger than us -- like the bellls, satellite companies, apple, google sony and netflix." comcast executives could not guarantee that cable prices would do anything but go up. senator patrick leahy of vermont, chair of the committee, voiced concerns about the possible merger and the lack of competition in the cable t-v- marketplace. medicare is becoming more transparent for the first time in decades as figures on doctor compensation are released. data from 20-12 finds of 77 billion dollars in federal spending...payments topping 10 million dollars each went to only seven doctors. the top 2% of doctors in the system made a total of 15 billion dollars. doctors tell abc news they dispute the data because they say much of the money goes to drug companies. teens are pulling back on prom spending. a survey by visa shows the average american high schooler will plunk down $978 dollars this year for attire, limos, dinner and prom tickets.

its 14% less than last year when spending topped $1,000. consumers are hopping to the mall in a wave of easter spending but are still expected to spend less than they did, last easter pent up demand after a long, cold winter will likely see consumers ready to spend on new spring dresses and chocolate eggs says the national retail federation. average easter spending this year is expected to be $137.46 per consumer. that amount is slightly less than last year's average tally of $145.13. total spending on the holiday is expected to hit almost $16 billion. still to come: in chart talk... a trader tells us whether he's depositing money into bank stocks ahead of earnings.

plus...does captain america have enough staying power to cross the billion dollar mark.... and...3d developments... from the stock market to medicine... how the new printing technology is viewed by investors... stay with us! real issues they're dealing with

can be awkward and uncomfortable. but when their behavior changes, it's time to act.

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investors are enjoying high definition gains in 3-d stocks. the entire sector rallied in yesterdays tech bounce. 3-d systems had the biggest run. the stock shot up more than 3% wednesday. it was also among the 3-d stocks that tumbled earlier this year as investors lost focus on the industry. not surprising-- because the sector is still viewed as in its beginning stages. however, bill moller joins us now with how 3-d technology is finding possibility in the medical industry.

however, bill moller joins us now with how 3-d technology is finding possibility in the medical industry. 3-d printing--we think of it as a novelty to make tchockies and simple objects. but this technology is being adopted by industry - especially the medical industry. meribah knight is a reporter with crain's and you explored this in an article. how is 3-d printing being integrated into the medical biz? >>i focused on personalized surgery which is a really interesting aspect of it. it basically allows doctors and surgeons to rehearse a surgery before they ever go into the operating room. you can print from ct scans, mri'simages that are actually a person's anatomy and then they can look at that before they ever open a person up. >>the sense i got is that this is really a game changer. it could be revolutionary. >>yeah. because before you ever set a scalpel to skin, you're able to see what's inside of that person's body. and maybe it's a complex surgery that requires a little bit of finessingthen they can get whatever that piece is that they're going to operate on and

they can cut it up in the 3d printed version, put it back together again, and try to figure out what's going to be the most successful way to do this surgery. >>if it's a cost savingis the insurance industry jumping on board. are they covering any of this? >>it's a little bit of a no man's land right now. it's such a new kind of technology that they don't really know where it fitsso no they're not covering it. but some doctors are interested and innovative and they want to try and do it because it will better their work. a lot of times it is institutions, universities, or innovation labs associated with doctors and hospitals that are taking on the costs. >>how about the regulatory environmentdoes the government have any role to play here or can these health care groups do this just because it's a better way for them to do their business? >>it's a little bit of a loophole. basically the fda doesn't have to approve the models that you're using before you go into the operating room because it's not being put into a person or used in the surgeryit's used before the surgery. the fda does need to approve things like implants that are 3d printed but this is

something that doesn't need to be so it can move a lot faster. >>is it bringing costs down? >>yeah, it is. a lot of doctors i talked to said that it reduces time in the operating room and time under anesthesia. sometimes it means only one surgery as opposed to 2 surgeries because they get it right the first time. >>meribah knight from crain'sthanks so much. >>thank you. thanks bill...coming up -- checking the charts on the big banks ahead of earnings. and after the break...billionaire's club.... movie studios reach for the big money at the box office.

the race to reach the $1 billion dollar mark is 'on' at the box office. our movie guy is hereerik childress. what do you think? will it be captain america? >>captain america could get close. i think it could be the one film for a while that could even approach the $1 billion mark. i'm thinking somewhere in

a 50 million range which is certainly nothing to sneeze at. but i'm looking at the summer and i don't see a lot of filmsmaybe transformers could approach thatbut i don't see a lot this summer or through the rest of this year that's going to approach a billion dollars. >>last weekend at the box office was huge for captain america. take a look at that number--$95 million. followed by noah at $17 million, divergent at $13 million, god's not dead at $7.7 million, and muppets at $6 million. they loved it. >>they should. it's a good movie. if the second thor did $85 million, captain america had to do better than that. people like that character more. people liked the first movie more. so it's not a big surprise and i think that in april doesn't have a lot of competition. maybe in it's 3rd week it drops enough so that the johnny depp film transcendence takes number 1. i think that

captain america is probably going to be the number 1 film of the yearprobably appropriately enough until july 4th at least. >>let's take a look at what's happening this weekend at the box office. the birds are backrio 2, draft day with kevin costner, and oculusa horror film. >>it is a horror film. rio 2 is probably going to do the best of the newcomers. i think captain america will still be number 1. the first rio film did $39 millionit did very well. fox could really use a hit. they haven't had a solid hit since last summer's the wolverine. so that's quite a few films in between there. oculus is a horror film that i think will probably do 2nd best among the newcomers but it's a film that i think is absolutely awful. draft day is kind of a nice little sports fantasykind of a moneyball lite.i root for kevin costner and for director ivan reitman. i think it's probably going to be the weakest amongst the three films even though the studio has been screening this film nonstop and are really trying to get the word out there. of the three movies, that would be the one i would recommend people see. o today. have a good weekend. >>thanks. you too. betting on a drop... a trader checks the charts on big banks! stay with us...

matt cavanaugh of cmz trading brings us our morning chart talk. good morning to you. >>good morning. >>you're watching the big banks for us. i noticed in the options market, wells fargo and jp morgan are both indicating rather smallish movesmaybe around 2% either up or down on earnings. what do you see in the charts on wells? this has been a big mover this year. >>it absolutely has. i think we're at a point where wells is actually priced pretty well. >>we talked about it about a

year ago and thought it was a good stock to own and sure enough it's rallied. but i think here the fundamentals are slightly different. so it's definitely something to watch but i don't think you touch it unless we get a nice pullback. >>you want to see this stock go lower. how much lower? would you go with that 2% range or more? >>i think that there's room for a little bit more.we've had a really nice run up. think that 50-51 level is resistance for this stock. they pay a nice dividend but really what are they gonna say that's gonna entice new buyers at this level? i think the revenue growth is going to be something that's kind of tough for them so unless they really say something to wow our socks off, i don't see this stock going too much higher right now. >>wells and jp morgan both report on friday. we will be watching. thank you matt. >>thank you. coming up tomorrow-- it's traders unplugged. join us friday as the guys give us the real low-down on a couple of popular stocks: tesla and facebook. from all of us at first business...have a great thursday!

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