>> as jim cramer might say, watch out for the companies that make a lot of money, like loreal off the hair products at home. more people going to the salon, may sell less products. >> thank you for watching "street signs" today. >> "closing bell" is next. >> all right. hi, everybody. welcome to the "closing bell." i'm maria bartiromo. we're at the new york stock exchange. glad to be joined by my colleague from london, ross westgate. good to see you. >> thank you. it's good to be here. there's a lot of changes since i hosted this show a few years ago. >> the markets are deadly. are you seeing the same inactiviinact tea that we're seeing in the u.s.? >> you know, i would take this, maria, last time i did this show, we had a thousand point decline in two days. this show suggests to me we're giving back some normalcy.

and i take that. >> yeah, we'll see that. it's true. we've got sta bill teas in the markets here. gains in technology once again helping the nasdaq in positive territory as we approach the final stretch. are investors in the midst of buying fatigue? we'll talk about that and later in the program we'll take a look at tomorrow and the rest of the year. these are the major averages as we approach the final stretch. a big selloff around noontime. 1130 on the dow. we have come back off of that off of the lows. nasdaq looks like this. technology, meanwhile, a winner on the session. tech is up again. 18% gain for the nasdaq year to date. today, a gain a third of a percent on the s&p. sitting above 1400 at 1405. also ahead, we're focusing on a big name in the world of coffee. join us, starbucks ceo,

expanding the partnership with green mountain and starbucks. this is after the company said it is going beyond the coffee business and starting its first juice bar. later today i'll speak with howard schultz. that's in the next hour of the "closing bell." todays market action, goldman sachs led with the action. deeming the equity market, quote, a once in a lifetime opportunity. once in a generation opportunity. that was the word used in the goldman note. investors don't seem to be buying into that call today. they are telling clients to buy stocks. joining ross and i, bob pisani and kelly evans. good to see you, kelly. thanks for being here. bob, let's first talk about this goldman note. goldman basically saying all in on equity, once in a generation

opportunity and we're not seeing a reaction. >> why couldn't this happen 2,000 points ago is my only question. we're only 5, 6%, are we not, from the historic high in the dow jones trials average. i appreciate the call. i happen to agree with the idea but i would have liked it 2,000 points ago. i don't think it's moving the markets because i think that investment in the stock market has been low. there is not a lot of interest in the stock market. it bothers me, baffles me, frankly, 3 1/2 new year highs. still motivated as you've noted with the low volumes. >> bob, let me back away for that second. jim o'neil, last year, in the beginning in january of this year, said that is he expecting that the u.s. is going to look like the best house on the block and he was saying back in january that you want to really be buying stocks in the u.s. so this i feel like is a continuation of that call. jim o'neil said that in our interviews in london as well as

in the u.s. >> but they came out today with that call. >> he's been saying that. >> this is a continuation of the bullish call which would indicate -- look, my point is, if this happened 2,000 points ago, why didn't it have an impact, it's been bullish. i think that call would have moved the market. meantime, i know the volume's not exciting everybody. the s&p is about to end this quarter up 12%. this is the best quarter in years. we've had tremendous rallies. >> which is another reason why you're not going to get big reaction. everybody wondering as well whether that move out of the end of last week was something that was going to be sustained or not. and global activities have all rallied on the back of the u.s. picture. we haven't got here because china's stronger than expected, bauz the brazilian economy is strong, certainly not because the european economy is strong. so we move on whatever we feel

is the latest data out of the u.s. if there's any sign that growth is not going to be as strong, that would be a disappointment. >> that's, of course, the focus today in washington. let me get your take of what you've heard out of bernanke and geithner. did we hear anything new? >> not necessarily new. they talked about the risk from europe easing and expressed longer term concerns. it's interesting this whole hearing at a day when spanish bond yeeields are jumping back . that's part of why the market turned around midday. if you look broadly where we are sitting, stocks are softer, gold is up a little bit, not for the reasons that we saw a couple weeks ago which was improvement in the u.s. fundamental picture. it's kind of opposite. it's more of the risk off idea. it's more of what ross was saying, if the u.s. is

fundamentally driving things here and you get a batch of data on home sales that look be great, it's just a rally. >> these words remembering that in spain they've already raised 40% of their funding because total funding, they've already raised that through march. suddenly they are higher than the italian market. it's not going to -- it doesn't necessarily impact their funding which is the root cause of everybody's fear. >> what is interesting, in spain in particular, you see the banks picked up government debt on the ecb quantitative easing equivalent over there, the ltro. without having anything fundamentally changed over the solvency picture, it's good to meet the funding obligations. going forward, it's not like they have taken advantage to turn this around. the deficit picture is worsening and the economy is weak as well. >> what worries me a little bit,

kelly, the euro weakened mid-morning, we saw our markets move. and that worries me, the higher yields have been creeping up for a number of days and all of a sudden you come in and they are passing around spanish yields. >> with oil up, it's not exactly the situation would you want. would you hope that commodities would cool off and instead it's reflecting the supply concerns. >> any reason why telecoms are -- >> it's the defensive kind of day. >> thanks, everybody. we'll check in. ross? >> it's amazing. your voice changed there. >> and it sounds better, too. i think i'm going to adopt that voice. >> that was cool. this set is amazing. let's remind you of the day's big movers and shakers.

seema moody is at the new york stock exchange. >> our laggards include utilities, financials, and energy. let's zone in on utilities. the warm winter is burning that sector. before 2012, actually, if you take a look at utilities as the only sector in the red, some of the losers include american electric and duke energy. switching over to technology, though, one of the biggest winners there is zynga getting a pop. reports suggesting that zynga may report an acquisition of 4.5%. switching over to pharma, two big movers. moving higher it's said to be buying swiss based actavis. it brought in $1.2 billion in sales last year. big news there.

on the flipside, we have shares dripping after the supreme court throughout two of the competitors' testing medical pens. the fear is that the patent could be thrown out as well. ruby tuesday getting a boost after raymond james upgraded the stock to outperform. that stock up better than 11%. maria? >> seema, thanks so much. we're gaining ground today after the disappointing data on existing home sales and the fed's purchase of $4 billion in u.s. debt. rick, we were all waiting, all this housing data this week hasn't been very impressive. >> no. and you know we expect that we're going to be bumping along in what at least looks like a temporary or long-term bottom. with all of the good weather, it's hard to discern what may lie ahead because we might have pulled it forward. even though existing home sales might have disappointed some,

others say it came close to expectation and the rally in treasuries, in boons really was under way before 8:30 eastern. look at our 5s and 10s. they are down 7 basis points. the lowest yields of the week. you know, if you remember, on the 13th, the fed meeting day, is when yields really started to move up. where is the dow? it was lower than it it is now. asset allocation doesn't seem to be the huge story here. foreign exchange, wow, that's heating up. we're almost at a one-year high. if you look at an eight-month high, the dollar is not all rosie if you look at canada versus the dollar, watch that british pound. you're talking about building exports. that might be code for a weakening pound. back to you. >> i don't think it's the

budget. i think it's the fact that the public finances today are not as good as we thought they were and there are two members who say they want to have extra, even more qe than we thought. >> which isn't good for the pound either, right? >> that's my point. i think it's those factors. you think the pound is going to weaken against the dollar? >> absolutely, for all of the reasons that we just discussed. yes. >> rick, thank you very much for that. we have this tradition where the chancellor holds his budget in the briefcase. >> yep. yep. >> that's a new briefcase. and they do. i think it's because the indians do exactly the same thing. they come out and hold their briefcase up. we've got to work out whether for the western economies, whether that was better for the

ind yents. >> it's a nice briefcase. greenspan's briefcase, we had a whole thing about it on "squawk box." it was a rec. i mean, it really -- it had seen better days. >> that was a new one. he suggested, we're open for business any way, to look at where we are standing now, we've been hugging the flat line. the dow at the moment -- >> do you about 10. >> what about the nasdaq? >> the nasdaq's higher. nasdaq up 15.5 points. but gas prices keep moving higher. up next, how higher gasoline can pump up your portfolio. meanwhile, flnat gas is higher. >> and coffee prices have plunged nearly 18%. whether that's helping to perk up the company's bottom line. and we head to the break, here's

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there's a lot of focus on cushing, which was the leader in wti. up more than a dollar in this session. president obama will visit there tomorrow. he's been very supportive of the keystone pipeline that will take it from cushing to texas. already we've seen supplies decline in the last week and that was the first decline in four weeks in that area.

that is a trade that is followed very closely. back to you. >> thanks so much, sharon. gasoline prices, meanwhile, averaging $3.87 on average at the pump. it's a story that has captured the attention of many americans. they are wondering if it will spike higher as we approach the heavy driving season. gentlemen, good to see you. >> i think prices can go into the 130s this summer. 130 brent. i think gasoline prices will follow suit. yes. >> so where do you think the top is? are there any catalysts on the horizon that you think changed this situation or are you just expecting the driving season to

really accelerate things here? >> i think it's more like global demand. i'm not for sure it's going to be u.s. gasoline demand. but the floeb balance emerging market, in particular, demand growth, is phenomenal. >> and we're seeing more drilling in the united states. that hasn't translated into lower gas prices at all. you say the global demand story is sort of the driver here? >> i think so. and the united states's upstream market doesn't help. >> which stock do you think benefits given that is what most people are ex peckin. >> well, in general, high gas prices are due to high oil prices. the two stocks i would focus on, from an investor's standpoint would be valero and conocophillips. valero is a very strong operator

and i think you'll see good profits in 2012 and 2013. conocophillips is a great refinery on the operating side. >> what are you expecting to hear from the president on this? can the government do anything about this? >> well, i think you answered the question at the end there. is that i don't think government can really do anything about gasoline prices at this point in time. i think the price will see encouragement as far as increasing investment in pipelines, like the pipelines to get out of cushing as well as further exploration and production. it's a global market and demand is driving prices and right now the u.s. does not have a great impact on prices as reflected in the fact that prices continue to go up. >> that's a group you want to own, then, the oil stocks? >> i'm very positive on that sector and i think valero and

conocophillips are two great things that investors should look at. >> thank you. we have 40 minutes before the the closing bell sounds today. >> should you buy the stock ahead of the results? that's next in "talking numbers". >> investors face a in a lifetime opportunity. coming up, why that could actually turn off many investors. >> as we head to break, members of the dow turning higher. we're back in a moment. [ male announcer ] the 2012 m-class continually monitors blind spots, scans the road to reveal potential threats, even helps awaken its driver if he begins to doze. so in the blink of an eye it will have performed more active safety measures

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a little longer than seven minutes to go in todays trading session. home sales came in a little bit mixed. the dow has been down as many as 57 at the session low. energy shares again lagging the markets. leading the decline, the company warned first-quarter profits

would fall. other laggards include nabors, fmc, and cameron international. maria? >> ross, we have about half an hour before the market closes. we're all focused on fedex because the company reports earnings before the bell tomorrow morning. so this would be investors' last chance to change this bellwether ahead of these numbers. let me bring in rich ross, strategist to talk about fedex. good to see you, rich. >> thank you. >> what do the charts say about fedex? >> that federal express is an outstanding position. we think it's poised to deliver a very strong number tomorrow morning and we'll be a buyer ahead of those earnings. >> well, every great event starts with a strong foundation. we believe federal express has

exactly that. over the last 12 months, a rounded complex head and shoulders bottom has come into form. you can see that here. and within the context of that head and shoulders bottom we have another textbook formation. you want to bring it in. it always goes down smooth. >> what about oil? oil at $107 a barrel, should fedex and investors worry that as oil prices continue it's going to cut into this? >> higher crude prices might translate into transportation stocks and federal express. as you can see on the chart here, that's simply not the case. in reality, the two have a very strong correlation which is a fancy way that they move in the same direction. increasingly, in recent years, we've seen crude prices have been viewed as a macro proxy for the u.s. economy and that's how we would utilize them insofar as the higher oil prices translate into a stronger economy, stronger employment, and stronger spending. crude, for lack of a better

word, is good. we're a buyer of fedex. don't be afraid of those higher oil prices. >> what would worry you in terms of the chart? let's say they report strong numbers. that's a hypothetical. but what would you get concerned and what are you focused on? >> i'm focused on the key resistance in stocks. a failure here we think would pearce through that. we've been concerned about crude prices in the high 120. we think absent the oil spike we saw back in 2007, we think stocks and oil can co-exist and move higher together. >> thank you so much z thank you. >> send it back to you, ross. >> thank you very much, maria. goldman sachs is a once in a lifetime buying situation right

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welcome back. another big cloud computing. this has been the hot space this year. we're going to get pricing tonight. key point here, not really that space. they are in the interactive marketing space. they do digital information on you and market campaigns about your digital life here. they did service tweets very interesting shares. you can imagine this is going to price on the upside. here's the good news about nike. continuing to be the best in the class, excellent company, well run, truly global company.

here's the bad news the stock is off an historic high. the stock is very expensive according to historical highs. >> bill stone, chief investment strategist is an advocate for stocks and equities can outperform treasuries thank you both for joining us. why do you want to switch money from fixed income to stocks? >> the story is nothing new.

they have tamped them down. i don't see what is difference now than three months ago. >> well, the ce oechlt of blackrock is saying that you are losing money if you keep your money in the low-yielding bonds because of inflation. you're actually losing money and it's a major problem that when you're looking long term you want to put money into higher yielding securities like ks.>> also price change. if you look at the total return of bonds, up until the beginning of last week, whether it's one month the once in a generation

low was march 2009. >> i think you are right about that. in terms of purchasing power when you sit there with cash or treasuries, you are officially losing purchasing power even if the cpi is running 2.9% year over year. >> can you get growth dividends down want cash-rich companies generating a decent growth in a dividend. >> i think that's a very good way to look at it. technology tends to be apple, cisco, and in the mood to raise their dividends, i think it's a nice place to think about. >> i don't think you can make the argument that goldman is late on this at all. yes, the bottom of the market,

we all know, was march of '09. the bottom line is, we have an enormous amount of money on the sidelines right now. that would be a very, very powerful rally. the question is, are we going to see that kind of a mig grags or are people going to be risk averse and keep the money under the mattress and this area that has worked for them for so long? yields are moving up. >> i don't think we've seen any movement and the movement may be a long way off. now, you can argue that that's bullish. the reason why is if you look at the patterns from 2007, they usually get the timing wrong but this time they didn't. they don't think that even the s&p 1400, they've missed something. they've been out of the market for five years.

the market is roughly at the levels that they got out of it yet. if the question is, are they going to come back now, i don't think they are going to. >> they are saying that it's a market entry point. you might want the market to weaken a little bit. >> it's tough. i think the first quarter, at least certainly 2012, the expectation is that it's certainly a slow down in earnings growth rates. but then i think about last year, we didn't get paid for the earnings growth. we had 15% earnings growth and earned the dividend last year. >> very quickly, what sectors do you want to be exposed to if in fact you believe that the market goes higher? >> i think technology is great. >> i don't see rates going up a

lot. >> jim, thank you so much. bill, good to see you. thank you. >> we're just about 25 minutes before the "closing bell" sounds for the day. the dow jones is down. nasdaq holding strong. up 15 points right here. get ready to trade the close. gold prices down more than 6% since late february. our next guest says that is presenting a golden opportunity of its own to investors. starbuck shares have brewed higher. chairman and ceo will join me in a cnbc interview first on cnbc. as we take a break, take a look at the treasury market and how it's fairing today. we're back in a moment. so -- tell me again what happened. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪

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i'm bertha coombs. apple is continuing to power higher. i would note today on lower volume than we've seen in the last few days. meanwhile, cisco is among the usual suspects at a 13-year high. that's really helping to add to the tech outside and chips starting the day with a bit of

pressure and over to you, ross. >> a bunch of speculators are responsible for driving both oil and gas prices. let's bring in kate kelly. >> i think there are a fundamental issues coming into play. bernie sanders was thumping a familiar drum. >> the largest spectators came out with a report indicating that excessive oil speculation is costing americans 56 cents a gallon at the bump. >> that's a pretty bold figure from goldman sachs and not

entirely out of context. they have said that speculative long positions, forbes recently took goldman's premium and turned it into an extra 56 cents at the pump but goldman won't hawk the speculators. still, we're surely likely to debate this as the driving season gets under play. what is happening is a huge factor. >> yes. and the other thing, of course, is how much liquidity -- we've had a lot of central banks where ecbs, bank of japan and uk as well, where liquidity can put premium into the price of oil. >> traders are just very focused on iran and the uncertainty

there. it's huge in this space. the sea born market is physical or cash oil. it's really trading at a treem yes, ma'am to bremplg futures. if you look at that you see we have as much oil as we're asking for. spare capacity that comes into play when you have political unrest is really a factor. it's only about four million barrels and libya accounted for two of them. i think you're seeing that again with the strait of hormuz. >> sorry for calling you kelly. >> you know, with kelly evans coming on board with you, i can imagine it's confusing. >> opportunity take me much to

get confused. >> thank you very much. >> because you're british. >> right. how do you want to invest with $107 a barrel? darren wolfburg says he would buying on any weakness. darren, good to see you. thank you for joining us. why are you so bullish on oil? >> i think what we're going to see in wti is compression of the spread between brent and wti, which over the last few days has been around $17. i think with keystone coming online for the lower part from wti or from curbing down to the gulf coast, you will see wti move higher but brent move lower. the good thing is the product like gasoline is priced off brent. we could see gasoline prices come down while wti prices go up. >> what about gold? what are you seeing there in what is the trade for gold which has come off of the highs pretty significantly? >> it's been holding around the 1650 level. the key thing to look at gold is to at it relative to the euro

and the yen. >> nice to have you on the program. thank you. >> still to come, we'll take to the pulse of the commercial real estate markets and doin the market and an exclusive interview. stocks are up 50% this year alone. that's nothing compared to the stock that julia boorstin is eyeing up. julia? >> that's right. on a terror, i'll tell you what is behind this mega media frenzy, both on the tv side and the film side coming up after the break. in america, we believe in a future 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.

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welcome back. coming back at the floor of the nyse, let's check it out. it's stronger than expected the tools are used by recuters.

it says linkedin is boosting through 2014. how is the volume looking on lincoln? >> it's pretty active. >> it's boosting estimates not too bad considering linkedin less than a year ago in may the stock is trading near $100 a share meanwhile, we've been talking about the rise in apple shares.

it looks flat and can they keep up the momentum? julia, this stock has been up on fire. it's up over 5%. >> and it's a big weekend for lionsgate. it's the opening weekend of "the hunger games" and they are expecting over $100 million. and madman has been gone for 17 months. thises did not seem to have diminished it at all. it's such a great analysis.

what are they saying? >> they are upgrading the stock and two analysts would have a 17 and $17.50 price target for the stock. they think there is more room to go. and the big question is, will we see "the hunger games" live up to the hype? how many franchises can they expect? another big franchise for them. they are trying to develop three other young adult book stories into movies. those can be promising as well. maria, back to you. >> julia, thank you so much. we have the closing countdown after this break. we're zeroing on starbucks,

next. starbucks just opened its first revolution juice store. is this taking away from the core coffee business? we'll talk to howard schultz on a cnbc interview. ten minutes before t the closing bell sounds. we're seeing a handful of sell signals as we approach the close. it looks like we are giving up much of the momentum. back in a moment on "closing bell." and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team.

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okay. we are a few minutes away from closing. apple is just over 608. i don't know why that's trending down. has it had an impact on nasdaq composite. up 14 points just a few minutes ago and now up 3. down 23, the s&p 500 still hugging that flatline. despite what happened with apple, we've been taking a look at financials as well. we have googenheim raising

financials and by and large just off a little bit as well. that's been interesting to look at. let's see what has happened with energy. the energy sector is down to five points. difficult to get any major market moves. both are weaker. in terms of individual stocks, oracle came out today and beat expectations with sale of the new software. emerging is p.c. here's the oracle numbers as well. down .23%. green mountain up some 10% expanding the deal with starbucks. we thought they were going to get shut out. up around 10%. we work towards the close. let's get back to jim bianca,

president of bianca research. we heard the federal reserve today saying that the one thing that he was concerned about was higher oil prices. what does that mean about whether inflation is going to come back? >> i think there's a potential for inflation to come back. we don't have it now but it's getting close and it's premore testimony arcane economic thought. we don't have strong economic growth. what does that mean? we're hiring people but they are not very productive. the potential for inflation could be coming back. that's one of the messages over the bond markets over the next few weeks. >> you're talking about potential wage inflation rather than commodity inflation which is going to crimp activity? >> if we continue to see this pattern month after month, 2 to

2.5% gdp growth, that is a real possibility. >> this is big because what has happened is that corporate profits have been on the ex pen of income, right? >> they are taking a bigger and bigger chunk of adp. do you think that is happening? >> what is happening is that we've had more and more productivity. now one or two things are hang. we're startediing to see the productivity or the economy is not growing as fast as we thought it would. that would tell us the potential for high growth of the economy is gone and damaged by the financial crisis. i'm not ready to go there yet. if we continue to see strong wage growth, strong employment without strong economic growth, productivity is going down.

if 140 over 90 is hypertension, we're at 140 over 88. you're very close. >> keep your eye on it. the question is what that means for gold. gold is down better with a deflationary scale rather than inflakes. if you're at inflation, you buy stocks. >> right. gold has been the qe trade. enough to put the fed on hold. that's why they are struggling right now. it's worried that you might not get qe 3 or something else that is broadly defined as money printing. >> we're at the end of the quarter. volume has been very light, indeed. >> right. >> where do we go from here? are we due for a pullback and better entry point or not? >> seventh day inning, somewhere

along those lines, we're starting to see interest rates go up. and there's no more earnings growth, at least for the next couple of quarters. not now. that's all of the ingredients you need for a pullback. >> and when you look at apple just in that late-stage impact as far as the nasdaq composite, it's a third of what apple, you know, what you do with that stock. >> well, first of all, if you don't own it, you are going to fall behind. it's got to be the largest holding right now. apple is on its own and it's the exception to the larger role. >> okay. jim, good to see you. just giving the dow industrial wn