zookeepers think that the jacket might have triggered the lion to think that it was a zebra. you know, glass can crack. >> a small zebra? >> "closing bell" is coming up next. see you tomorrow. hi, everybody. welcome to the final stretch: i'm maria bartiromo at the stretch here. bill? >> bulls are laying low. we said they probably would getting ready for tomorrow's employment number. we're seeing weakness on the back of renewed fears after giants missed sell estimates in the are retail segment in april. coming up, we'll discuss the impact of earnings versus economic data, which is more important for investors right

now? we will look at that sitting here the lows of the day, cascading lower, the nasdaq is down 40 and s&p has fallen through what traders perceive to be a support level at 1390, a decline of 13 points, maria. >> the big story late in the day today, facebook. the company is looking to set the ipo price range today and it is looking at the high 20s to mid-30s a share. that's a valuation of 85 to $95 billion for face book. we'll have reaction on the pricing coming up in a moment on facebook and what that means for the rest of the social media sector. also, green mountain. the stock really taking a hit today losing half or nearly half of the value in a single day. late yesterday the company

saying it will make less money and it's having trouble predicting the demand for the single-serve coffee pack. shares right now down better than 40%. take a look at here, down almost 50% and there's another bearish indicator 23% of the company's shares are being shorted. certainly you can see how much negativity with that kind of volume on the short side of green mountain. >> all right. key questions for investors, i think this is very critical, especially right now. what's the better and more important indicator? earnings or economic data. just over 400 companies have reported -- 67% have beaten the estimates. let's check the tape right now. alcoa quicked off earnings a few weeks ago and the s&p has only gained half of a percent.

the bulls have retreated on worst than expected adp data. now, all eyes turn to the economic data for tomorrow. estimates are for a jobs gain of 168,000 in the nonfarm payrolls while unemployment is expected to remain at 8.2%. in today's "closing bell" exchange, maria and i are joined by bob pisani. also, joe grecko. he's with us from the floor. of course, late today we've been seeing a decline as well but earnings or economic data, what do you think is the bigger indicator? in times of crisis, we saw europe pushing around the stock market. if things calmed down, earnings matter a lot more. and certain days here, you can see earnings clearly affecting the markets. >> the reality of the market

year to date, it's been earnings this quarter, it's been earnings. the market is up. >> rear, since december 21st, everything just calmed down. before that, remember, june, july, august, september, october, every day when europe moved up, we moved up, europe moved down, we moved down. >> joe, help us out. earnings or economic data, what is more important? >> i'm a trader so i'm going to take the tack that while from a broadstroke, we can take cues from europe and asia overnight. at the end of the day, you are trading tremendous volatility. the high-flying names and the financials and now the retailers. we see swings with tremendous volatility, opportunities to get in and out and make money all day long. i tend to think, from a trading perspective, the short-term hold, you want to be involved in what the earnings are and

there's good stories going on domestically. >> as you're pointing out, that's a short-term indicator. longer term, don't you think economic data will turn to a trend of the markets? >> you know, i tend to think the other way there as well. you have the fed coming back and forth over the last two months we're not going to do any further easing. back and forth, that alone has moved the market in a 30 to 40-point range. it looks like all is lost and then all of a sudden it's 1400, 1410. i think if we get a decent jobs number, which i think will be the case, we're not going to get the type of move we had two months ago. >> right. >> we'll see a little bit of 1400 and close out the week okay. >> we can only hope. what are you thinking?

>> i disagree. i think the macro economic data provides the backdrop in the canvas for the earnings to move higher. it's important because the second week of the month is traditionally rather quiet with economic data. traders look back at that friday morning data employment trying to discern what the economy's momentum is, not just in job's growth but more importantly in income and wage growth which means a vital part of our overall performance. perhaps mixed income data, i think it's a very key number. >> guys, thank you. >> one last thing. apple, what is going on here? 12, 14 million shares? since the earnings have come out, it's had no energy. it hit a moving average and with apple it drooped today. >> the fire is out.

>> no average. >> no trading interest in it at all. >> that's when earnings had an impact. right? >> yeah. >> check back with you all later. >> and we'll see about apple as we continue to watch the social media space, facebook setting the price range in the high 20s to mid-30s a share. when it goes public, that gives this company a valuation between 85 and $95 billion on facebook. cnbc's kayla tausche, good to see you. max, let me kick this off with you. how does this valuation sound to you? is it about right or is it expensive? >> look, green crest, we've been saying that close to the range. it feels to me that as it gets less bright, less toppy, people are being more nervous and we're seeing the guide range down because it's a big deal in every sense of the term and it's important for the banks on this

deal to have it go very well. so we're seeing it guide down so we can beat and have a successful ipo from the 100 to 985 to 95 range. >> yeah, it's all about expectations, isn't it kayla? at this point, what are you hearing in terms of new information coming through? >> maria, from the get-go, my sources were saying to expect a deal to be in the $80 billion valuation range which would look low when you look at where it closed the last trade. it closed at 43.50 a share. you would imagine that a lot of people who got into that deal might be out a lot of money. in the statement that we're expecting either today or tomorrow before or after the bell, the final statement which is expected to lay out the price information, what the final deal size is going to be and also how many shares facebook is going to offer. remember, there's so much liquidity on the private markets for this name that's been traded

for the last call at five years that a lot of people are sort of trying to now drum up estimates for what will be new primary issue wants into the market and what you get as far as a total share count. that's going to be very important insofar as driving the valuation. we've been working off a 2.5 billion share count before but that could change. >> max, let me ask you, the whole facebook euphoria las been a poli a mystery and it's stirred a lot of media name in general. nasdaq up 17% year to date. i wonder if when the company goes public we see selling on the news after the fact. not saying that it doesn't come back and go back the way google did. do you think it's an opportunity to see the stock trade down initially after the deal? >> i think that's less likely now that we've seen the range guided down to 85 to 95. i think it will probably be able to beat its range.

also i think there is knock-on weakness. many of which have been pretty consistently disappointing over the last four, five, six months they have been out and their appeal becomes that much less great when they can get the original. you don't need the knockoff. on the other side, 85 to 95 range for total market cap. we're still talking about 13 to 14 times as large as the multiple to earnings that we see on apple which people still talk about often with some skepticism to the market cap. >> kayla, it's just like the estimates on the screen at sotherbys last night. if demand is high enough before they actually start trading

publicly. >> they took their sweet time getting to that price. facebook has two weeks on the road. they will launch that in new york on monday and then boston and mid-atlantic and then they are expected to price next thursday and start trading on friday the 18th and, of course, that two-week period is to gauge investor sentiment, what they are willing to buy, willing to offer based on those somewhat soft q1 numbers that we did see. you'll see weakness in zynga as the estimate comes out or strength depending on how people feel about it. but the entire purpose is to gauge investor interest. a lot of people clamoring over this name, bill. i would expect that it's going to be an extremely high demand but it's not going to drive the price up. >> thank you so much. we'll be watching. what an ex siciting story. kayla and max, see you soon. we're heading towards the close. about 50 minutes left. the dow is down about 83 points. the mobile wars keep heating up, struggling nokia holding its

annual meeting today while samsung is unveiling the latest galaxy smartphone. how to make money in this ferocious battle. and social media, ahead of its report is a time to connect with linkedin stock. the largest bailout ever during the economic crisis, now the company mounts a big comeback. the stock is surging. we'll talk exclusively with the ceo bob benmosche in the next hour. first, the stocks led by bank of america down 25 cents today. you're watching cnbc, first in business worldwide. back after this. of how a shipping giant can befriend a forest may seem like the stuff of fairy tales. but if you take away the faces on the trees...

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we're in the final stretch for the day. we've got about 35 minutes left in the trading session. let's give you a quick market stat check fwhich is on pace fo the lowest decline.

playing a pretty big part in today's pullback with 45 minutes to go. the dow along with the s&p 500 as well as the nasdaq is on pace for the third loss in the last four trading sessions, bill. of course, we are waiting for those unemployment numbers tomorrow. 168,000 new jobs created is what people are expecting. but they were much higher expectations. >> yes, there were. >> we'll see what happens. >> goldman has been bringing that down and that's the bottom-line indicator for voters, investors, for everybody. >> it seems like that's holding everybody back for tonight going into tomorrow's numbers. >> meantime, we have a lot of story stocks on the move, including groupon, among others. courtney reagan has the latest on that. courtney? >> good afternoon, bill. controversy brewing at yahoo! regarding education discrepancies.

incorporate filings, heart says her business is in business administration. we have rebounded a little bit. we're down more than 2%. groupon's business model is based around daily deals for consumers. this could be one of those names that benefit consumers but not shareholders. for the first time, groupon dipping. down more than 2% on the day. that's a 50% discount to the $20 ipo price. and herb greenberg's warnings coming to fruition today. green mountain coffee was weaker than expected and the guidance was particularly disappointing. projecting third quarter adjusted earnings far below the street's expectations. the street is responding trading down almost $24. that's 48%. get out of the way of that one. regional bank ever bank, it's up 5%. shares began at $10 after the

bank trimmed the expected range to between 11 and 12. at least today, shares are up a bit. maria, back to you. >> court, thank you. nokia announcing it will launch a range of tablets and smartphones to beef up sales. ibc reported that samsung unseeded nokia as the world's top mob bile phone maker. a position nokia has held for nearly a decade. apple ranks number two in the smartphone sector with nokia now third after seeing a 50% plunge in unit shipments from a year earlier. performance-wise, take a look at the five years. apple, the clear winner up a whopping 480% for investors. so looking to buy in here, where should they place that call? we'll bring in two analysts. gentlemen, it's good to have you

on the program. is the game over for the other guys here? what's your take? >> it certainly feels like it. apples market share has been growing for the last few quarters, especially another big launch coming later this year and on the chip side, qualcomm has done the same thing and it's hard to find the profit pools to compete with these companies. >> will, do you agree with that? i know you're also a bull on apple. but is the stock compelling at these levels? look, the shares have delivered returns north of 40% but i know you're talking about a p.e. that's around 16 or 17. how do you see it? >> well, we still like apple here long term look at the latest samsung galaxy launched today in london and it's more evolutionary than revolutionary. it's an industry dominated by those two viders.

it's apple and samsung. there's nothing more telling than looking at operating profits. apple is operating 70% of the operating profits. samsung at 15 to 20%. that's scraps for everybody in the group. we like apple long term off these levels. >> long term, would you put more money into apple right here where it is? >> i do like it here. it's a stock that is probably going to face bumpiness over the summer months. i think there is concern over iphone shipments. i think that's exactly right. you'll see some of the concerns we saw manifest itself in front of the most recent quarter perhaps manifest in the june and september quarters. if there is any significant potholes there in terms of the stock price, we would be aggressive buyers. >> real quick, any of you interested in nokia or r.i.m.m.? >> unless they decide to put themselves up for sale, the history of the handset business is the only time they make money

is certainly no indication that either of those companies are at that point. our opinion is to stay away. >> you agree with that? >> nokia has a better chance than r.i.m.m. but they are clearly facing an uphill battle. >> gentlemen, thank you so much. appreciate your time. 40 minutes left before the "closing bell" sounds for the day. we're waiting on the unemployment numbers. the market has come off a bit of the lows. >> it is coming down. we're talking numbers. professional networking site linkedin is preparing on the first anniversary on the eve of it going public. a lot of technology headlines. we have a big interview. aig reporting its quarterly earnings. robert benmosche. you don't want to miss it. at 4:00 eastern. back in a minute on "closing

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investors keeping a close eye on linkedin. last quarter when they reported, the stock jumped 18%. could it happen this time around? could you be getting in or out of that stock? joining us is on the technical side, mark newton, chief technical analyst at gray wolf execution partners and mark may

who covers the name for barclays. the stock is about to celebrate its first anniversary as a publicly traded company. it's all higher so far this year. do you like the stock? >> i do like linkedin. taking the stock to get over the former highs and get up to $120. >> this is pretty much the whole life of the stock, missing a few weeks here, but as they said -- >> here's a stock. it started to stall as it got to the former highs but it's alleviated the stock and is positioning it to move north of $120, which is where it traded near the ipo. >> that would be your target price? >> yes. >> mark may, have we seen this kind of rally since december? >> i don't think there's a company that's performed as well

as linkedin. we're talking about 100% revenue growth. they have beaten quarters since it went public a year ago. expectations are getting higher and higher and it will be interesting to see if they print after the close today. >> i do think that's correct. technically the stock has been a little range-bound and, if anything, that sets up for a decent opportunity for the stock to go higher in the weeks ahead. the trend in the market is quite bullish. we're seeing a little pullback. bottom line, the stock is a clear leader. it's done better than its peers. >> what do you think, mark? the stock itself has just grown, getting back to the highs from last year at the ipo euphoria. do you expect the fundamentals

to continue longer term? >> we're expecting to beat estimates after the close and for numbers to go higher. i think any number of 184 million or higher or guidance of 210 million or higher will keep the stock moving. we're going to need to see good fundamental results for the stock to keep working higher. >> mark newton, mark may, thank you both for joining us. >> thank you. >> we'll have nose numbers for you on linkedin coming up after the bell. about 30 minutes left in the trading session. the dow jones industrial average is off of the lows. down 52 points. could this year be an anomaly to the sell in may theory? sell in may and go away is the strategy. coming up, two guests who don't sell but stay in the markets right here, because they will turn higher. we will show you how to make money doing that. >> and then general motors, chrysler is keeping plants open

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hi, welcome back. with less than an hour to go in today's trading session, bob pisani is following the market's home stretch. the market is off of the lows. >> yes. and once again, it's happened yesterday and many times towards the close, moving to the upside. bottom line is this, maria, earnings are continuing. we've had high-profile misses in the energy group and, again, energy is underperforming. this has been going on for a long time, since oil hit the highs back at the end of february. a couple of misses. apache, murphy oil, devon missed yesterday. same-store sales missed for yesterday. limited, gap, tjx, and ross stores among them. guys, back to you. >> thank you very much. we started without you folks. we started this conversation. stocks declining today ahead of the very important jobs number. one of our next guest, jim

bianco, says earnings are not as great as some might think. and then there's sam who tells us that may may amaze and the old sell in may mentality could be delayed until june. >> what do you want to do with all of this advice? hear to weigh in, good to see you guys. thank you for joining us. what bill said, does that say anything? >> yes. on the way to $5 gasoline and upped the estimate and the street was too excited about the energy earnings and we're finding that reality is not what we thought it was. >> but is that a microcausem?

>> the earnings growth rate numbers are okay. 5, 6% or so on a year over year basis. 2 1 2.5% is apple. the other 499 companies on a 3% inflation rate, you've got 1% earnings on a real basis. that's not a disaster but with a market up 25% and promoting earnings, you've got to do better than that. >> that's the key. expectations have now come up here. so is the market expecting too much given that earnings are expected to slow? >> earnings are expected to be flat lined but then see that a 15% increase in the fourth quarter. so actually a very back-end loaded year. euphoria has started to work its way off. no surprise is left. the market is saying, show me

something else to keep me encouraged. >> we had this discussion can this week. the jobs number for april, what are why you expectations? >> expectations are 170,000 jobs. consensus is 160 right now. still a little bit better than what we saw last month but i think you have two concerns. earlier in the year you had better weather that stole jobs from march and possibly from april and also companies playing catchup. they originally did not want to add to hiring because they didn't think that the aggregate demand required it but they were surprised. >> bottom line, how do you make money in this market? >> i think it's going to be a very tough market to make money in. you have a lot of macro offense that they are coming. a big one on sunday with the french election and what that could mean on monday for europe. i'd be very defensive. i would not be looking for big gains like we've seen over the next six months. >> who does the market want to see elected? >> i think the market would like sarkozy but they are not going

to get him. >> there was an influential politician in france who endorsed hollande and that's when the market started to lose steam. does that suggest that the market would like to see sarkozy return to office? >> if not sarkozy return to office but at least a pushback to not see hollande get what he wants. all of the socialist programs have a better chance of happening. >> so you don't want a social list in france and tham pacts the euro zone. bottom line for you as well, sam. how do you make money in this market? >> bottom line, you don't sell in may and go away. you stay in stocks but remain defensive. that would add 400 basis points since 1990. >> all right. we'll leave it there. gentlemen, thank you so much. great to have you on the program. >> thank you. we're going to go back to kale la tausche. we're getting more details on the facebook ipo and what that's going to look like. kayla? >> they are looking at a price

range of 28 to $35 a share. that could raise up to $13.5 billion for the company. now, that is assuming 2.7 billion shares outstanding. that's about 200 million more than people have been estimating before as far as a fully diluted valuation. facebook plans to share 3 -- sorry. 337 million shares roughly of its class a common stock. 180 million will be primary and roughly 30.2 million are being sold by mark zuckerberg in the very first iteration of the s1 he will use that to pay a tax bill to convert those into shares. we're digging through what is a very big filing. we'll have more for you after the break. >> you file that under we all aspire to a tax problem. >> that is going to be some tax bill. >> that will be a big one there. kayla, thanks very much. we're heading towards the close.

25 minutes left. the dow still coming off the lows. down 50 points. >> yahoo! shares feeling pressure. the reports that the new ceo doctored his resume, bill? we'll have that after this short break with a little bit more on this story which is generating a lot of heat in the business world. meanwhile, general motors earnings showed strengthening but europe is going to be a drag on the company and the industry more broadly. we're going to breakdown the sector and look at opportunities in the automotive sector coming up. >> after the bill, taxpayers and other aig shareholders are enjoying a 50% rise in the stock this year. thank you very much. aig one of the best performing financials. we'll speak with the boss. how much would you pay to store a bag in the overhead bins? one airline thinks $100 is a fair price. >> oh, yeah?

>> yeah. we'll have details coming up. and that leads us to our twitter question of the day. will sky high carry-on fees make you less inclined to fly? >> no, i want to fly on that airline that charges $100 for a bag. >> tell us what you think. send us a tweet @closingbell. we'll be right back. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge.

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welcome back. we're following yahoo!. brian shactman has the headlines. brian? >> thank you, maria. dan loeb's group saying there was a mistake on scott thompson's resume, that he in fact didn't have a computer science degree. yahoo! responding that that is in fact true. he only has an accounting degree from stonehill college in massachusetts, calling it an ined ined a ver tant error. this is from yahoo!. scott thompson's degree was in bachelor of science in accounting.

this in no way alters that fact that mr. thompson is a highly qualified executive with a long track record. yahoo! is moving forward to grow the company and drive shareholder be value. interesting to note, maria, the stock actually had strengthened a little bit after the news first came out whether they make a big deal of this or not. it could hurt his credibility in the tech world. it could hurt his credibility overall. we'll see if mr. loeb wants the right seats on the board of directors of yahoo! >> we haven't seen much reaction. not a big reaction. now you're saying that the company is confirming it. we'll see if that actually matters to people at this point. interesting story there, brian. >> it is fascinating, actually. >> see you later. >> 15 minutes before the "closing bell" sounds. let's take a quick market stat check on yahoo! that is down as well as apple. the biggest weekly loss in three

weeks, actually. the company's earnings report, you heard and biggest name, and it continues to slide as well. it did hit the 50-day moving average and it's down $4.25. >> from tech to auto, gm beat expectations for the first quarter showing continued strength in the core north american operations. the company, though, did indicate weakness in europe amid restructuring there. will europe's overhang be a drag on the company and the sector overall? joining us to weigh in on this is paul, deputy and editor-in-chief of reuters. what do you think? does it present an opportunity? ce oechlt of gm and ford say that they are going to try to do

what they can to mitigate the damage in europe but they still like seeing what they see here in the united states. >> that's a good assessment. europe is going to be a problem. and even with the comeback in recent years, they are making billions of dollars on far lower industry volume. these are fundamentally changed companies and i think that's part of the quarterly fluctuations. >> how much of a drag will europe be? it's a huge question for a lot of industries but especially for the autos, right? >> that's right. they had major exposures in europe. no doubt about that. it will be a drag. and also china is slowing down. but, you know, people do need automobiles in the third world and in the emerging market sector. i think there's a lot of room

for growth in this industry, yeah. and, again, some of the momentum that they have in the united states is going to continue for a while. >> who are you seeing as the real strong leaders right now? general motors has emerged now. that was a good report there. are they all doing as much as they can here in the u.s.? >> i think they are honestly. gm, from an investment standpoint, is that treasury still owns about a third of the common stock. treasury wants to get out of it. on the other hand, gh has upside coming because they have heavy product investment spending in the last couple of years and they are about to bear the fruit of that. ford is a little bit on the other end of that product investment cycle. but the good news is, fitch put them at an investment grade recently. when they get back to investment grade, which they can do in the coming months with s&p and moody's, that will be a big pop for the stock. >> and they've got to clear up concession issues. >> they do. >> and i'm sure they will in a

timely fashion. we can only hope. paul, good to see you. thank you for joining us you today. maria? >> financials as well as on the nasdaq, green mountain, dragging this market down lower. down 58 points. are you ready for retirement? a new blackrock survey on how employees are preparing for the golden age. what mistakes you must avoid. first, courtney reagan following all of the under the radar movers. court? >> certainly under the radar movers on ratings. but possibly from not carrying a competitive investor of colored jeans, i'll flashback to the '80s fashion coming up on the "closing bell."

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welcome back. we have breaking news on facebook. let's go to kate kelly. she's working the phone on us. >> i have details on the road show. it kicks off in earnest on money. they are going to have the large investor lunch at a disclosed location on monday. there may be over 1,000 people and management will be there. from there they will go on to

boston and from there to ba baltimore and mid-atlantic area. we can expect to see large investors. i'm told that is traditional. and despite the feeling that it may be new and different, they are following a fairly traditional playbook when it comes to getting together with management. zuckerberg will be at many and there will be one on one meetings as well as presentations. >> they said late 20s to mid-30s, right? you think it's going to be a double when it goes public? what's your bet? >> 28 to $35 is what they are going out with. that's a very broad range. they are going to gauge investor reaction to that. it sounds low to me, i have to say. $40 is a price that a lot of people were fixated on and maybe they are trying to manage expectations and move the price up. that's kind of good optics for them as well as smart marketing.

>> if you were the operator, wouldn't you? they have built-in demand any way. let's play the game here. let's try to lure them in as much as they possibly can. >> sure. even though this is a very exciting deal and probably the largest in tech ipo history, that doesn't mean that the institutional investors, the long-only crowd that they want to attract isn't going to be discerning. so facebook and its bankers still have to play the game. >> for sure. >> what do you think they are going to serve for lunch? >> i don't know. you know, sea bass with a side of brussel sprouts. i'll let you know when i find out. >> it will be delicious. >> do you think it's a double, bill? let's say it's priced at $40. do you think that's close to 80? >> i think that's conservative. we are talking about facebook here. we have shares of other big name movers and a batch of under the radar names. courtney reagan joins us with the round up. court? >> buckle, as you can see, down almost 7.5%. reacting to the company's

disappointing same-store sales, buckle has embraced the colored jeans and today that decision is not sitting well with investors. software maker microstrategy reporting better than expected revenues. profit did come in lighter than expected but after the expenses increase, it's not deterring the street. shares up sharply almost 10%. oil and gas, continental resources swinging to first quarter profit. losses on derivatives lessened and production grew. you can see that shares are down almost 9%. scripps beat the profit by 14%. advertising and digital revenue improved along with affiliate fees. shares up almost 8%. and internet advertising company value click demonstrating what can cloud profits. first quarter earnings improved 28% but the disappointing

revenue for the current quarter sending shares down more than 22%. bill, back to you. >> all right. court, thank you very much. we'll take a break, come back with the closing countdown for this thursday. and then after the bell, the stock has been a money maker for investors. up 20% in 2012. no, we're not talking apple. we're talking aig. the company that was bailed out is recover canning. the ceo will join me at 4:10 eastern on aig. and then what a tough situation developing at yahoo!. lots of moving pieces. david faber working the phones. that's in the next hour. you're watching the "closing bell," first in business on cnbc worldwide. dwide. to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz.

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we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? okay. coming up in the last few minutes to the close on this thursday, in the energy sector and nasdaq and s&p on track for the biggest weekly decline in about three weeks and dow and s&p have been trying to avoid the third loss in the last four

sessions. that's not going to happen. we'll have four declines in the last four sessions here ahead, of course, tomorrow's big jobs report which we'll talk about further. in energy right now, critical numbers to keep an eye on. wti oil here in new york, a couple of hours ago when we were planning this, it was below the 50-day moving eaaverage. when all is said and done, that's a longer term trend line that it broke below. same thing for brent, north sea and the premium, the iran fear premium has been coming out and it's been overridden by less demand for europe and asia. gasoline, here in the u.s., same thing. below the 100-day moving average. i can only hope what that means for consumers in the united states but the consensus seems to be that we have peaked in gasoline prices here in the u.s. early in this springtime period. as for the stock market, here's

natural gas, by the way. this is very interesting. it's now above the 50-day moving average moving opposite. there are plenty of people that may feel that this is a great long-term investment. how long can it remain around $2 and today it is above that 50-day moving average. not to say that it's going to continue that trend higher but it is an interesting development. as for the stock market, playing a wait and see, at 8:30 a.m. eastern time, expectations for job growth at 168,000. don't forget, the previous months came in half the expectations. a big disappointment and we'll see what it does tomorrow. here's the dow down 62 points. s&p late today right below what traders were telling us on the floor was a minor support level at 1392. we're just below that now at 1391. they may be positioning themselves ahead of tomorrow's jobs report. as for the sectors, only two were positive along the 10 s&ps.

at the bottom of the list, the worst performing sector, once again, the energy sector. jim is back here with me. there's been a correlation lately between stock and energy. do you think that will continue now that energy seems to be breaking down here? >> i think so. the correlation has been driven by the economics. so not surprisingly, as you mentioned, we have maybe the worst close in three weeks in the stock market and we have energy weakening on the perception that maybe the economy is slowing down a little bit at the same time. they are all related. >> i'll ask a naive question. >> you buy stocks for the same reason. >> what about natural gas? >> natural gas is a tough one. it's really got a supply problem because of fracking. we have supply going. i believe the long-term story is true but it