>> sex. >> on the first date. >> and 48% of blackberry users say that. >> android users might be younger. >> herb uses an android. >> you just revealed way too much. >> everybody have a great weekend. >> today on the closing bell, strength on wall street. stocks rally on silent jobs data. are we seeing firm signs of a recovery? and is now the time to get back into the stock market? investors tell us their strategy. and the ceo weighs in on the state of the economy straight ahead. live from the new york stock exchange this is the final and most important hour of the trading day. >> we enter the final stretch.

>> call it the jobs effect. wall street closing -- poised for its first triple digit close up and down. first time we have done that since january 3. the labor department said that companies hired a net of 243,000 employees last month. the highest rate we have seen in nine months. coming up, we will be asking leading fund managers if they think this market is in a key turning point right now and whether or not you should be putting more money to work right now. >> we enter the final hour for the week.

nasdaq looks like this. double digit move here. almost 47 points. that of money into tech continues into tech. >> let's bring in bob and find out what the triggers have been talking about today. this rally. >> we have held up very well. >> exit's halted for material reasons. may or may not open today. his family and all the employees. you pointed out we're right near new highs and a number of

indexes put up the dow. we're going to that's all swre to get higher than to beat the old highs. nasdaq, 2873 as well. the retail index as an historic high. and home build iing at a 52 wee high. i know facebook is everybody's obsessi obsession. ten ipos are coming. caesars is back. they own harrahs and caesars and other casinos.

>> i just wonder with all of the ipos is that going to put pressure on performance? >> i'm not sure that it is not that overwhelming. >> we were bemoaning the decline in volume and i said perhaps we're heading towards a new normal. i was wrong. we're heading back to the old normal. bear with me in a moment. we had a spike during the

crisis. it peeked in '08 and it has been coming down since that time. how it goes back to the 0s. more telling is the nasdaq volume going back 20 years. it tint start really building until the bubble burst. then we had 9/11 and the financial crisis. >> we are going back to normal levels. >> maybe. there is also a debate that is being talked about right now on financial reform.

we had a press conference from the treasury secretary where we didn't learn anything. so i don't know where we had a press conference. we are getting close to that date. >> i would say that is a partial factor. with all of that said. >> if we go over even 800 million. >> that will be a better one. we can go close to a billion on the floor. that will be something. >> see you a little later. >> movers and shakers here. >> u.s. jobs report giving stocks a lift and helping the broader indexes reach all sorts of highs. i will break down the levels for you.

>> let's get right into it. in puts him on the fast track for fda approval. >> moving on to color rox, the consumer higher prices helped prices come in. >> stocks are trading lower by almost 5%. >> with that angle over to you. >> there was another report i

found more interesting and that was the non-manufacturing ism. not only was it an 11 month high but ho many spots on that chart do you see above 55? not many. on the the day or week only about five. but on the week, only about nine. so you could still argue if you take a step back. we're still in this range. so we really want to pay attention, is europe counter acting that?

>> thank you so much. stay with us. we're bringing in right now jim who joins us in today's closing bell. jim, good to see you. thanks for joining the conversation. how do you see it? where is the flow moving? >> i actually think that the bombs are going to continue their sell-off and i think it's interesting. i don't know if you saw this, too. but after the number, it's normal that the utility is taken out of the market. people started pricing in more volatility meaning that bigger swings could be ahead. >> we're still at a very low yield environment. >> yes. but the fed tells us that rates are going to stay low for three

years. so it forces this complaincy with those positions there. even the best economists can't predict that much out. i think 240 in the ten year is not out of range. >> you know, the data points are very light. the usual cast of characters thursday was claimed but really it's only friday with trade deficits. but my own opinion is we're going to die jest this move. and i do agree with jim on one issue. that if we do see rates climb, if you see 240, you're going see

280. fed and forecasting, all of these reams of footage covering it. one number just shows how -- >> we know they are still looking at earnings that will really drive things. >> maybe not so ironically. it was such a beaten down group. and the earnings. >> tech nojnology and financials. thank you. we will see you soon. >> we are heading towards the close of about 50 minutes to go. here the rally continues. 150 points with the technology shares.

>> we'll show you where the blue chip index is headed. >> how is health care reform affecting the medical device indust industry. >> we're getting a window into business. we're going talk about color rox. how does the company combat a fifth straight quarter of shrinking margins. that's what investors want to know. you're watching the closing bell on cnbc, first in business worldwide.

>> with. >> just about 45 minutes to go in today's trading session.

>> it climbed 165 points at the high. take a look at the biggest winners in the dow. all up on the session bill. >> after struggling with week demand, saint jude mad call is betting on new technology now. highlighted new products to help it achieve that. let's find out what is in the pipeline. the chief executive officer joining us for the new york stock exchange. >> good to see you. >> the state of the industry srks it -- have we seen the slower growth because of the health care reform give me a

sense of the industry. >> fwining with the end of 2008 we saw it in the second half of 2011. we are a bit of a depressed state. demographics are really very favorable. the populations are getting richer. all of this speaks very well for the continued dwad. >> we're in a transition phase as you do transition to new technology. tell us about some of the things you were highlighting. >> in the last two years we invested almost $3 billion, creating new technology to help save lives and save money to everyone's global health care budget. so we had fun today. today was our day to offer a report card to help save lives and money. >> give us a forins tense.

>> we work with smart people around the world to prove if you use our technology we can help you reduce the cost of caring for that disease by 14%. a full 34% at that 14% lower price. that was just one of the many tech knowledges. >> one of the drags has been this just disdepartment investigation or whether there has been an over use of heart rhythm technology in this country. >> work to make sure that only the patients that need the technology get it. >> that has had a chilling

effect on sales. >> it has had an effect on hospital practice. we've seen more people be careful to be sure that they are doing the right thing and we are fully supportive of those efforts. >> what guidance are you providing for this year? >> we're offering moderate guidance. we're telling everyone that the sales were decent but we expect sales to accelerate here in 2012. sales growth of about 4-7%. we expect our adjusted earnings per share to come in 7-10 percent growth. >> sometimes conservative expex tags pay off. >> that has been our sheerns. >> good to see you again. >> good to see you. >> we're in the final stretch

here. we've got a market holding on to pretty good gains. >> tech stocks have been red hot. we will break down the charts to see whether this rally can last. >> he is one of the world's richest men. prince alwaleed, bin, talal is our guest coming up. >> always a forward thinking investor, that's for sure. first a look at financials. back after this. [ male announcer ] we know you don't wait until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so you can get a deeper understanding of what's going on with your portfolio. we know all this because we asked you,

and what we heard helped us create pnc wealth insight, a smarter way to work with your pnc advisor, so you can make better decisions and live achievement. i have actually put in over my career. and it's 168,000 hours. so just think, if you had an 8-hour job, i'm like a man of 100 and something years old. i've worked very hard to support my family. and i finally reached that point where i'm going to retire. ♪ ♪

write this down. if the dow is able to close above 12810, and it's well above that, it would settle at a fresh closing high. so which stocks have been the biggest leaders over that period of time? mcdonald's has been the best performer and home depot is next, then ibm, caterpillar and kraft. the biggest decliner were down 78 with b of amp. alcoa not much further behind with a decline of 76%.

then ge, hp and at & t round out the bottom. >> we want to see if it will continue. less than an hour to go in today's trading session. let's take a look at the dow. the benchmark crossing the 2011 closing high. not far from the 2011 interday high. we now check the charts and start talking numbers. market strategists with jp morgan funds. >> let's talk about the dow here. what does the dow look to be suggesting going forward. >> the dow has been trading at a pretty vicious sideways trend for about two years now. it's trying to do so let's use

the 3% rule. if the dow can rise above that level, maybe this rally is for real and will go on. on the back of that pattern is a bearish rise that will try to take the dow towards its target. so we really have a bull and bear battle drawn right on the top. >> and in terms of fundamentals, large cap industrials dorks you think they move higher based on what you are seeing whether it be earnings, revenue, cash on balance sheet? >> broadly speaking you are right. stocks will continue the do well. >> what do you want to do in terms of the dow companies. >> i think it's part of a

broadly diversified portfolio it makes a lot of sense. take a broader perspective. think about the s&p 500 50e 0. >> that's been the topic of the day. what does the chart say about the nasdaq. >> when we take a look it's trying to do something that it has not done successfully since the fall of 1999 and that is take out a level of resistance. it's trying to do this on the back of a huge triangle that is currently breaking to the upside. the fact that that triangle was confirming a bearish rise. >> this is just that the nasdaq may have a pretty hard time.

3% rule again roughly 3,000. >> you might -- you made money. take your trips. >> thank you so much. we appreciate it. thank you as well. we will see you soon. >> heading through the close with a little over 30 minutes to go. the dow up with the nasdaq the leader today. should investors be a little more aggressive? we'll talk about that when we come back but first here is some of the stand-out performers today. ttd#: 1-800-345-2550 what every trader needs. ttd#: 1-800-345-2550 like streetsmart edge, ttd#: 1-800-345-2550 the intuitive trading platform that thinks like a trader. ttd#: 1-800-345-2550 access dozens of workshops and webinars

ttd#: 1-800-345-2550 -and talk over your strategy with dedicated ttd#: 1-800-345-2550 schwab trading specialists. ttd#: 1-800-345-2550 plus, traders get up and running faster ttd#: 1-800-345-2550 with a personalized introduction to all that schwab has to offer. ttd#: 1-800-345-2550 talk to chuck and get it all for $8.95 per trade. ttd#: 1-800-345-2550 open an account and trade up to 6 months commission-free. ttd#: 1-800-345-2550 call 1-800-790-6043 today. ttd#: 1-800--2550 ♪ you and me and the big old tree ♪ ♪ side by side, one, two, three ♪ ♪ count the birds in the big old tree ♪ ♪ la la la [ male announcer ] the inspiring story of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. ♪ ♪ you and me and the big old tree side by side ♪ but if you take away the faces on the trees... take away the pixie dust. take away the singing animals, and the charming outfits. take away the sprites,

and the storybook narrator... [ man ] you're left with more electric trucks. more recycled shipping materials... and a growing number of lower emissions planes... which still makes for a pretty enchanted tale. ♪ la la la whoops, forgot one... [ male announcer ] sustainable solutions. fedex. solutions that matter.

the gains are holding. a lot of people talking about late day sell off. that's not happening. poised to close at a new 3.5 year high. another good week up. naz tack exactly the same story but better numbers up 3% for the

week also poised to close at a 3.5 year high. >> thank you so much. >> the january jobs number is very strong. the unemployment rate dropping to a new three year low. the numbers giving the markets a pretty good boost today. >> and of course john, the chief equity strat jers. >> you know, we are seeing things turn around here. we are seeing a better economic climate right now. is it sustainable do you believe? and should you invest in stocks accordingly?

>> the regional fed indicators have all been good. this is the last sort of part of the puzzle. particularly in manufacturing which we think has a healthy mod fier effect. mizing part of the equation for the last bit. >> how much of a wild card is europe right now? >> i think it's a wild card for banks. i think any sort of slow down as it affects the u.s. economy has been well built exit's not very big to begin with. the issue is how much of the cross asset budget is going hurt? >> did i hear you say you upped your targets? >> this is the end of the beginning. still a lot you have to go

through. >> obviously the u.s. mark is acting better. >> if you are in a position to buy or hold off, we know it's been the best performing groups year to date. >> i would like to buy into energy. i think there is a good story there. i think there is real positives that could happen. i'm not sure they will be positive for the rest of the world. >> actually, we have been buying into financials. some of the fourth quarter results are not particularly good. but the guidance is

>> it feels like all systems go based on what you guys are saying. what do you watch down the road to change that opinion? >> for now it's the bond market. >> what keeps you up at nights? >> i worry about europe. i still think there are some issues there. i worry about what you will do. there is a whole bunch of it

rations. this is a step in the right direction. i think longer term, it does get better. >> all right. we will leave it there. good to see you. thank you so much. we will see you soon. we are in the final stretch. 25 minutes until the closing bell sounds iffer the day and the week. >> the week is almost over. get ready to trade the close for the week. >> stay with us. the jobs market showing renewed signs of life. what about the rest of the economy? we have got an economic report card neck hour. >> first before we go to break, the dividend. which stock is the better performer so far this year?

bill has the most common type of atrial fibrillation, or afib. it's not caused by a heart valve problem. he was taking warfarin, but i've put him on pradaxa instead. in a clinical trial, pradaxa 150 mgs reduced stroke risk 35% more than warfarin without the need for regular blood tests. i sure was glad to hear that. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding, and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition like stomach ulcers, or take aspirin, nsaids, or bloodthinners, or if you have kidney problems, especially if you take certain medicines. tell your doctor about all medicines you take, any planned medical or dental procedures, and don't stop taking pradaxa without your doctor's approval, as stopping may increase your stroke risk. other side effects include indigestion, stomach pain, upset, or burning. pradaxa is progress.

if you have afib not caused by a heart valve problem, ask your doctor if you can reduce your risk of stroke with pradaxa.

the nasdaq set to close at an 11 year high today and it is fuelled today by 250 new highs including microsoft up there. also we have gilliad sciences on the back of better than expected earnings. expaid ya and of course apple. and take a look. that's really been where the leadership has been over the last few years. apple up 6,000% left for dead 11 years ago. >> the best of the bunch. take a look at cisco. they are once seen as the big leader. they helped build out what has made the revolution in consumer transactional companies.

they are a big laggard. >> thanks so much. we have got just 20 minutes before the closing bell sounds. >> the market had surged as well. there is the volatility index again. >> good point. >> we are in the final minutes of trading. keeping a close eye on the markets. joins us from the trading floor. you have been buying these dips. do you think that trade will continue? >> i think you have got continue

to buy strength. the markets are very cheap. a rough average. you're trading about 13.3 on a multiple and trades at an historic average. we still think there is a lot of room for upside. >> you wouldn't be surprised for a bit of a pull-back though? it doesn't go straight up? >> no, no. we have bounced off the 1300 level very well. i wouldn't be surprised if we fill back in you have got take advantage of the dips. >> is it my imagination or was there a de-coupling tweens stocks and oil? >> some of the premium in the marketplace has started to come off which is why you saw wti

come off a little bit this week. we have been in a consolidation pattern. we're bouncing back off that now. i continue to play the range until it breaks it. >> a cautious mode as we are still watching the debt restructuring talks going to on in europe. >> no, an article ran this afternoon that printed a bearish picture on what's going on over there. until you get a meeting of the minds it's going to move the markets. >> when does that start to affect our market negatively if it drags on? >> i think you're going to look twrards the beginning of march when the due date is due. as we get closer to that date, i think we will see the pick up and volatility play a role as

well. >> the global economy is getting better. stock prices will be higher. >> go giants. >> see you. >> 15 minutes before the close. the dow jones industrial average holding on to the move well off of the high that is now 132. had been up 165. >> when we come back we have the options actions trade. placing your bets overseas. ital. spark miles gives me the most rewards of any small business credit card. the spark card earns double miles... so we really had to up our game. with spark, the boss earns double miles on every purchase, every day. that's setting the bar pretty high.

owning my own business has never been more rewarding. coming through! [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? i have to be a tree in the school play. good. you like trees. well, i like climbing them, but i've never been one. good point. ( captain ) this is your captain speaking. annie gets to be the princess. oh... but she has to kiss a boy. and he's dressed up like a big green frog ! ewww. ( announcer ) fly without putting your life on pause. be yourself nonstop. american airlines. that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve dreams. buy homes. put their kids through college. retire how they want to. ameriprise.

the strength of america's largest financial planning company. the heart of 10,000 advisors working with you, one-to-one. together, for your future. ♪

>> once again the financial and technology sectors among the leaders in today's rally. the realtime exchange with a look at the winners and losers.

>> a surge in hiring definitely been the market mover today. >> we have been cutting those to the side. on the flip side monocontinues to flow into financials and consumer discretionnary stocks. that is a sector providing leadership in today's trade. let's zone in on a couple of the movers in the financial sector. on to technology, the tech sector is at its highest level since february of 2011. zynga, the biggest developer of games for social networking sites has climbed and right now up 7%. retail at an all time high. generally up the january sales data on thursday.

up 2.5%. i will come back with more on a bit. >> okay. coming to you from the coast right now. standing at the post of edward's life sciences. stock getting hammered today. it is actually the worst performer here. let's take a look. ew hemorrhaging after they were downgraded. also calling the fourth quarter results disappointing. company reported earnings that missed estimates. gave muted guidance as well volume very, very heavy. goldman sachs says that a memo issued by the centers for medicare and medicaid services raises questions about the newly approved catheter delivered heart valve d that's the proble and the reason so many are

downgrading. and the free fall today puts edward's life sciences stock well behind some of the rivals. heavy volume. >> we have a strong jobs number this morning. so our next guest says if you believe the rebound is in full swing, the way to play it is to look to brazil. let's find out why in his options action hit the president here. >> thanks for having me. looking at this market and we have seen the run that it has had. getting international exposure and brazil is one of the areas i want to be long. this is one of these names that is s in the commodity area. and their ships are fantastic. the size of about three soccer

fields. they can ship at very low costs. i am going to use a put sale to get in at a lower price. i sell a put for about 90 cents. it lowers my break even. i like to call it my dcai, don't cry about it. if the stock continues to move higher. about 4%. thanks a lot. back to you, bill. >> thanks, brian. be sure to catch more. currency trading at 5:30. we're coming back with the

closing count down. still need to be selective stock pickers. here is how the major averages are faring as you head towards the close. we are first in business worldwide. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment.

across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. the other office devices? they don't get me. they're all like, "hey, brother, doesn't it bother you that no one notices you?" and i'm like, "doesn't it bother you you're not reliable?" and they say, "shut up!" and i'm like, "you shut up." in business, it's all about reliability. 'cause these guys aren't just hitting "print." they're hitting "dream." so that's what i do. i print dreams, baby. [whispering] big dreams. should we be letting him p-l-a-y with our t-a-b-l-e-t? [ mom ] i think it's fine. it's the new element from at&t so it's w-a-t-e-r proof.

cool. what else does it d-o? it's fast. it's 4g lte. what's l-t-e spell? nothing. w-h-y? hey, can we stop spell talking now? ok. a-y. [ male announcer ] buy a waterproof pantech element for $249.99 and get a 4g burst smartphone free. only from at&t. take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up $600 when you open an account.

>> six minutes left before the closing bell this is the best day the markets have had on the up side. we had to finish. piece of cake. we are now at an 11 year high.

the risk off assets saw those declines. the ten year yield skyrocketing todays specially. the 14 basis points. we started the week below 180. now we are below 192. the vicks down 6.8%. the the dow up at the 12850 level or there abouts right now. during that time the price of oil went lower. i asked darren about it earlier. lately the stocks in oil have been moving in tandem. will that continue? that remains to be seen.

for the week, the best performing sectors and you like the financials. you think there is more to go? >> i do. we would like the financials for the first time in nearly 4 years. a lot of the last quarters results they have taken some of the bad asses and written some of those down. and now we're seeing better numbers. top line growth is not git there. >> technology another gainer this week and has been this year. >> we had been buying a little bit, around facebook. i think that lit be careful. we like more of the infrastructure plays, connections and more of the capital goods side and consumer end of technology.

>> everybody loved it for the dividends and this year it has been the laggard. what happened there? >> they have been trading a little bit like the government. that was a very good year for the them. >> others are broader energy play plays. the tampa. >> and those dividend plays we are seeing as safe havening. the fact that they were seeing a decline. are we seeing that the market is willing to take more risk? are we going further out? >> we are definitely going out further risk.

and the intersector. >> how far are you willing to go on that risk stale here? would you buy european? >> no. i still think there is a bit of correction to go. one of the best is the lack of fundamental retail and other long investor buys. at the moment the books are being pushed around. om of them might be being pledged in the plan for the ecb. i think that they are cheap and cheap for a reason. >> value player says he is scooping up equities. usually they are a 30% discount. >> the discounts can widen out. it takes different opinions to make a market. i would feel hesitant and they

have had a good run. >> thank you. >> this is about a strong sustained rally as you are going see. never really a flag. more on the upside than the downside. we will probably do it -- a little bit of a joke. 900 million shares on the. maybe close to 5 billion shares on the consolidate table. we haven't seen that in a long time. there is a confirmation of an indicator that nobody pays any attention to. everything was up. when you see all of the major sectors up right across the board and never flagging or dropping below 1%, that's a sustained rally.