investinves invester is more engaged. >> not as interesting as the gigantic pink glasses, by the way. safe travels. i know the weather is not great. there you go. i dig it. having a good time with kevin flynn. thanks for watching "street signs," everybody. "closing bell" is next. and welcome to "the closing bell." i'm kelly evans at the new york stock exchange where the weather for stocks is very different here than it was just 24 hours ago. the dow is up 100 points. >> pretty good day. i'm scott walker in for bill griffith. but does this mean the pullback is over? one thing we know is here to stay, volatility. nowhere last year, everywhere this year. >> we can look at what the vix is doing. in fact, it's down about a point today, but it has popped since january 1st. the price to earnings ratio for

the market. >> big surprises already this year, in this young year. gold and treasuries not acting the way anybody thought they would. >> absolutely. speaking of earnings, it's a huge day for earnings today. the biggest day of the season. we get some big names after the bell that could have an impact on the market tomorrow. amazon and google will be out with their results in just about an hour's time. we will get you the numbers first. we have a ton of experts standing by ready to break it all down. these are widely held names. gotten a lot of read through. >> no doubt about that. the never-ending search may be ending. our partners are reporting the microsoft search for a new ceo could be coming to an end within the next week. who could it be? who's behind that question mark right there? why is it taking so long? >> and a reminder, here's where we stand across the major indexes right now. the dow up about 110 points.

it's off session highs. the nasdaq adding 79 at this hour. the s&p 500 up 21 points. it looks like a strong day across the board. >> all right. let's get right into these markets on the biggest day of the quarter for earnings. capped off with google and amazon just about an hour from now. we're all over that. joining us for our "closing bell" exchange, kimberly foss, steven wood from usz russell investments, greg ipp, and last but certainly not least, our own man rick santelli. steven, to you first. what to make of yesterday followed by today, what's real, what's not, what's likely to continue here. >> i agree with you. the volatility is real. we think it's going to be here to stay. if you look at 2014, we've dubbed this as the year of confirmation. the markets ran hard. risk assets ran hard in 2013. now the fundamentals.

certainly revenue fundamentals need to grow sufficiently. so we think we're going get a lot of that. we saw some of the economic numbers come in right now. i think it's important to dimpb shalt between emerging markets being kind of the effect, not the cause of what's going on. valuations ultimately matter. in the u.s., where you're looking at fairly valued environments, where are those pockets of opportunities where valuations are more attractive? >> yeah, bob, talk about some of the fundamentals here. you can't ask much more for an earnings season ready to grow 7%, 8% year on year. what does that tell you? what do you do with the market here? >> gdp report today was great on the heels of 4.1% in the third quarter. back to back, that's the strongest gdp growth we've seen in over two years, just about two years. so fundamentally, the economy looks great. you touched on a point earlier about valuation. valuation is very important here because the price action

currently makes a lot of sense to us at s&p capital iq. >> why? >> at 1840, we're trading about 16 times forward earnings at the end of the year. now we're closer to 15 times because the market is treading water. the mark has had a chance to digest some news. the news has been mixed, though. it's not clearly pointing higher. we have the december employment report sort of mixed and influenced. the market needs to sink its teeth into solid, fundamental news, which we're getting from earnings right now. >> kimberly, to that point, biggest day of earnings thus far on the heel of what facebook delivered last night. what's the takeaway and what would you do with a portfolio given what's going on over the last 24, 48 hours? >> well, you know, i think the big thing here is volatility, as you said. but that shouldn't spook investors. the ici.org numbers still show there's a ton of money on the

sidelines. with the fed's decision to repurchase and increase that by $10 billion, i still think that there's still a lot of money on the sidelines and a lot of growth. people should just stay the course. don't get spooked by these numbers and by this noise. stay your course and make sure you have that emerging markets in the portfolio. >> so you'd keep exposure here, kim? that's interesting. i wanted to bring up one more point with you as well. as we move towards the retailers that are going to report this earnings season, there's a lot of questions about how these individual names did in december, a month where we had a lot of changes a lot of bricks and mortar guys struggling, this big move to cyber. so do you like exposure to the market here? do you think amazon tonight will tell us something about how the rest of the season will go? >> absolutely. we will have exposure to the markets, and we have that broad diversification. we have 44 different countries

and over 12,000 different stocks. we don't pick individual stocks, but that being said, i think there's a core portfolio of, say, like your google, linkedin, facebook, your twitter. these are like the cores that were 30 years ago like at&t and ibm. that has to be in the portfolio. amazon's numbers will obviously drive this. there's still a ton of money on the sidelines, so this will drive the market. if you don't have that in your portfolio, you absolutely should. >> rick santelli, looking at a ten-year as we speak at 2.70. given the way the market as a whole reacted over the last 24 hours to the fed, you think we've gotten it right? you think the market clearly has an understanding about where it wants to go from here forward? and by that i mean both stocks and bonds. >> i think everybody was a bit off their mark because of the notions, the logical notions of taper and what it means when the

biggest buyer of treasuries is going to become less of a buyer over time. officially rates go up. the reaction in may was that. by far, the biggest factor we all need to be cognizant of is it really isn't about that anymore at this point. what it's about is stocks. if stocks perform, volatility is going to go right back down and interest rates will stabilize and most likely go higher. if equities move lower, all the sudden treasuries are going to be the love affair again with investors as the buying instrument of last resort. and there's a lot of logistics going on in the here and now in the market. you know, we had a bit of an end of supply rally, which is normal. we saw rates pop after a gdp number you could say was as expected. but there were many nervous traders out there thinking it would be under 3%, and it was not. but don't underestimate what you're pointing at. stocks have been down for the first month, and treasury prices up. so the allocation that's going to take place tomorrow, some of that's come into the market today. so you're going to see some

selling of those overperforming treasuries and buying of underperforming equities. >> yesterday we talked about how the inflation reports at this point are almost becoming more important than employment just in terms of what the fed does, how tight conditions are here. the fourth quarter gdp number, the core number was 1.1%. so either the fed is tapering when there's incredibly low inflation and hoping it turns around or perhaps it sees something that the market doesn't. >> the fed's got a view that number is artificially low and it's going to move back up over the coming year or two. there are things going on. for example, the deceleration in health care costs 37 that might explain some of that. to me, the issue the fed is going to have to grapple with within the next few weeks isn't about inflation. it's about the real economy. it's striking that just like you're saying, earnings have been beating estimates, but the economy has been missing estimates. we've now had december employment, new home sales, durable goods all well below estimates. i did not like that fourth quarter gdp number.

too much of it was inventories. jobless claims up higher than expected today. keep your eyes closely on the purchasing managers index number today and the employment numbers. we might be hitting another air pocket. that's a real risk here. >> steve, that's a fact, right? we can't really debate that. the data has been squirrely. >> it has been. >> and that would suggest that you could still have some issues with equities from here and you could certainly have an issue if you thought that there was going to be a rotation from bonds to stocks. >> well, we've established that volatility is going to be our travel companion for some time. >> it is a rotation. and it ain't from bonds to stocks. >> if i can bounce off something rick said, the federal reserve, the bank of japan, the european central bank is what we call the squeeze plate. they know what they're doing. they're trying to squeeze investors out of safe haven interests. investors need to look in fixed income, global credit, as well as equities.

all the above approaches are going to be necessary to hit your investment goal. >> if you own enough of it, something's got to work, right? i'm just giving you a hard time. no, you're right. you've got to be diversified. guys, thanks so much. really appreciate the point of view. we have to watch out for that air pocket, greg. emerging market fears calmed a little today. that was one day after a big rate hike over in turkey. cnbc chief international correspondent michelle caruso cabrera is in inis istanbul. what's changed? >> reporter: well, you know, we are wrapping up four days of intense drama, not just for turkey but for the emerging markets all over the world, as you point out. what's changed? let's tell you what we believe to be true right now, at least at this moment. that the turkish lira has stabilized and the turkish stock market turned around sharply today because of more strong movements from the ministry. there will not be capital

controls imposed in turkey. that seemed to help the markets. then we got the minutes from the central bank meeting. the same meeting that was held earlier this week in the middle of the night. the emergency meeting where they raised interest rates so sharply and the tone of those minutes was extremely hawkish. the central bank said, we are willing to impose a recession on this country in order to scare away the speculators and make it clear to everybody that we will not tolerate inflation. they didn't say explicitly we will bring on a recession. they said we are willing to invert the yield curve. it may be that their tonality finally worked because what often happens is people who speculate on shorting a currency will move on to a different country they perceive to be less strong if fighting inflation, and we see hungary's exchange rate getting hit quite hard. that may be next target on the

international markets. turkey, it's going to be time before we know for sure whether or not they've convinced the markets that they are going to stand strong and stabilize the currency. back to you. chbl chbl >> we'll be watching, michelle. from the looks of it, if you thought you were going to go over there and have a respite from the freezing cold, not exactly happening. >> looks brutal. >> no. >> looks chilly there. >> see you later. >> all right, michelle. be well. see you soon. all right. we have about 45 minutes before we close it up. the big board, dow is up 124 points. the big weight is for these earnings after the bell. >> we're heading back towards session highs. investors are going bargain hunting today, it seems, after yesterday's big selloff. could renewed fears about china's slowing economy ruin the party? we go to beijing next. >> and today's the busiest day of earnings season. the parade marches on after the bell. amazon and google among others reporting. full team coverage of those market-moving numbers.

>> and speaking of google, we want you to weigh in on this deal to sell motorola to china's lenovo. what, if anything, bothers you about that deal? is it okay for this, well, communist country to own motorola? you're watching cnbc, first in business worldwide. honestly, i'm a little old fashioned. i love chalk and erasers. but change is coming. all my students have the brand new surface. it has the new windows and comes with office,

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mattress discounters good deed dogs: helping dogs help people. welcome back. today notwithstanding, the recent pullback in the market has been pinned on three things. today a report from hsbc indicating china's manufacturing sector contracted this month. the big worry is how much influence that's going to have on markets. >> with us now is our china expert, gordon chang, from forbes. eunice, let's start with you. can you set the stage on what's taking place as best we have a gauge in china? that remains the biggest question. >> right. everybody here is celebrating the lunar new year. what we know is when policymakers come back from the

holiday, they're going to have to face a lot of serious issues. the economy is slowing down. the latest pmi number that you guys have been talking about showed that the manufacturing contracted in january. it's a little bit of a seasonal factor here. it's not particularly an active time of year. but at the same time, the overall trend is negative. so really what we saw this week is investors adjusting to this idea that china is slowing down. they're going to have to -- industries around the world probably won't be able to sell as much into this market. china could shift from being a promise of the world economy to a problem. >> you know, gordon, if you're right that's what's going on here isn't just a deceleration in growth but a shift to a growth model that china needs to adapt to, what does that look like? what effect does this change in the world's second biggest economy have back here? >> i think the chinese economy is growing. if it's growing at all, like 1% or 2%.

they have a debt crisis. essentially, we've pinned our hopes on china. we're not going to be able to sell very much in china. american multinationals in china are going to have a hard time. the promise of the consumer market really has not been born out in the past. and the other problem is that beijing is attacking american and other multinationals as we saw with the pharmaceutical companies about six months ago. so this is not a good story. and we're not going to get any bump at all out of china. it's just a negative implication of all of this that are going to shock people. >> that's a pretty negative story there, gordon. i think certainly a bit more ominous than we're giving it credit for here in the united states. >> well, you know, china, even if it's growing at the initial number of 7.7%, that means nominal gdp is growing about 9. but china is also creating debt somewhere, between 15% and 30%. so you do the arithmetic. that says a debt crisis is

virtually inevitable. china can postpone symptoms, but it can't repeal the laws of economics. one of those laws is you have to pay back debt. either that or you have to forgive it. if you forgive it, there's going to be problems. so all of this looks very, very bad when you think about what happened in our country where the debt crisis was not nearly as serious as china's. >> eunice, against that backdrop, are there any lines you would draw between this and lenovo's deal to buy motorola mobility? there are certainly going to be people here taking a look at that, taking a look at the pressure china is putting on american tech companies. >> right. i think that with lenovo, what was interesting about that deal is it really just showed -- it was almost an admission that for chinese companies, they didn't really have what it took to go overseas. lenovo has been trying very hard to make end roads in the mobile market here in china but also overseas and hasn't been able to do it. now it's got its hands on

motorola's technology as well as some of its gadgets that have more cachet -- i mean, you might not believe it, but actually have more cachet at least globally than some of lenovo's gadgets. they've done it in the past with ibm. so it's very possible that they could actually work out this deal. >> eunice, what are those in industry over there saying about credit crunch versus credit crisis, and whether they really truly believe one is going to morph into the next? >> right. well, i thought it was interesting what gordon was saying as well. what here people are worried about isn't only the pace of the economy but also the health of the economy. and this week we had a situation where there was a potential default in the shadow banking industry. eventually there was a bailout that was worked out. it didn't actually come to a head. but what it did was really focus people's minds on the dangers of shadow banking, how large it is,

the lack of transparency in that sector. and so because of that, people were really focused on what the dangers were in the economy and what that could potentially mean for the rest of the world. >> all right, guys. thanks very much. it's one we're going to watch and watch for the next set of pmi figures c as well. and eunice, great dress. about 40 minutes left to go to the closing bell. >> gee, i wonder why you said that. >> can we talk about the nasdaq for one second? >> we can. >> it's up 83 points, 2%. its best performance since october. this despite the fact that apple is struggling today. >> a great stat i just pulled up. after falling 4.4% in the past five days, the nasdaq 100 as of at least a few hours ago was having its best gain if nearly four months. up 2%. and the nasdaq has even added to that since then. so it's up a little more than 2%, up 82, almost 83 points.

>> some of that bidding into what we're going to hear from amazon after hours. that stock up 5% today. the bar is rising. we'll see if they deliver. >> microsoft, could they deliver? could they be finally settling on a new ceo? we have details on that exclusive search. >> and facebook sharing hitting new highs today. the stock is up 63% since going public. keep it right here. you're watching cnbc "closing bell."

welcome back. this stock market giving investors whiplash this month. today's stocks are rallying back after yesterday's sharp selloff. one stock not participating is apple. it's threatening to close below $500 a share. seema mody rounding up other big movers today. >> facebook setting the tone today, hitting a record high after reporting better than expected quarterly earnings and revenue. that helped boost other social media stocks. check out that list. twitter, linkedin, groupon and p pandora all to the up side. and harman international surging after reporting a 53% jump in quarterly profit as a recovering

european automobile industry increased demand for its auto equipment systems. the stock at a six-year high. on the flip side, adt, the electronic security company reporting weaker than expected earnings. google, amazon, and chipotle all moving higher ahead of their earnings after the bell. we'll have those numbers for you after the bell as soon as they're out. scott and kelly? >> all right, seema. thanks so much. microsoft has been on hunt for a ceo to replace steve balmer for about six months. according to kara swisher, that search could soon be over maybe as early as within the next week. >> and joining us now on the phone is kara swisher from re/code. nbc universal has a minority stake in re/code. kara, it's really going to happen? >> well, i've heard. this has gone on. it's like who shot jr taking six years. it's fascinating it's taken so

long in the tech industry. google goes out and builds 50 companies in the interim. i think they have to make a decision now in february. i think going any longer just really is dangerous for the company. >> are you ready to go on the record with who you think it's going to be? >> i am. right now the key candidate i think is an internal candidate who's been running the enterprise business there. long-term microsoft executive, there since the '90s. i have one that i keep mentioning who i still think is an ideal candidate, but he's not commenting. lots of the outside ceo possibilities have dropped out. there's not a lot of outside names right now. maybe they'll have some pop out of the blue. >> so presumably, you would

believe -- and i think you've reported this in the past about, you know, bill gates having a greater presence on campus of late. does that suggest that mr. gates would have signed off and he would be behind nidella 1,000% if he's the man to take the helm? >> well, he has to be. i mean, bill gates is a key character here. there's stories saying he's not. he co-founded the company. he's a strong personality. i think that -- it just depends on how much involvement he should have. it can go very well. it just depends. you don't want to get overshadowed either. they have to feel like they're in charge. i think that's one of the issues around this, what's taken so long, is who's in charge here. >> and kara, if it is nidella, who runs the cloud and enterprise group, is that a strategic symbol as well about

the precome nancy of this? >> he knows how to work within the company. it's a very complicated company. someone coming in from the house is a huge learning curve. if he can keep the other lieutenants in place, that would be good. so i think he's more the known quantity candidate. that might be what prevails here in the end. >> just back to something you mentioned a moment ago because it sort of peaked my interest here. did i hear you correctly, are you saying that no matter who this next person is going to be, whether it's internal or external, that bill gates is going to have some sort of increased presence in microsoft in the road ahead? >> yeah, i've written a story about that. it was a couple weeks ago.

i think that it depends on who it is. i mean, you can have someone very dynamic. i think the presence of bill gates will increase. i had written that the presence of steve balmer already decrease. although, he still owns 4% of the company. i expect him to come off the board. that would be my -- that's my report showing that. you just never know with these people. they're very volatile people. it just depends on what happens. i suspect you'll see a lot more of gates and a lot less of balmer. >> interesting. kara, thanks so much. >> thanks a lot. >> the dow up about 129 points. it is the nasdaq that's really raising eyebrows on a 2% move ahead of a couple reports from google, amazon due out in half an hour's time. >> stocks rallying back today, but the dow is still down more than 4% this year. so coming up, we've got a list of beaten down stocks that could be bargains right now.

>> also, famed tech investor dan niles says good riddance to motorola. he likes google's deal to sell the hand set maker to china's lenovo, but does he think u.s. regulators will approve? also, his best ideas in tech. that's next. >> and we want you to weigh in on what, if anything, bothers you about that deal between google and lenovo. is it okay to sell a mobile phone business to a chinese company? we're going to reveal your best responses later on in "the closing bell." you are watching cnbc, first in business worldwide. go! [ male announcer ] it's chaos out there. but the m-class sees in your blind spot... ♪ pulls you back into your lane... ♪ even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services.

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welcome back. want to take a quick check of the markets. the dow is up 123 points. a couple stocks i want to mention here. we obviously have our eyes on apple for the very reason it's in danger of closing below $500. haven hasn't done that in a while. i don't know if you can pull this up. take a look at jcpenney shares. down 9%. there's apple. just under 500. j.c. penney is getting hammered today. not sure what the news is there. i'm looking as we speak, but i can tell you that those shares have been beaten up pretty good.

back below $6 a share now. that's one to watch between now and the close in the next 25 minutes. >> certainly. >> all right. well, google is making news today with its deal to sell off motorola to lenovo and releasing earnings in half an hour. josh lipton has a preview for us. >> yeah, scott, two big names delivering results after the bell. let's start with amazon. analysts are looking for big top-line growth. $26.1 billion on a net income of $274 million. investors will also be paying attention to shipping costs. as for google, street wants to see eps of 12.22 on revenue of $13.55 billion. that would be a 20% pop on the top line. google making news, obviously, announcing it's selling motorola mobility, which remember in q-3 reported an operating loss of $248 million. we'll see how it performed in

q-4. investors are also going to focus on cost per click. the street also thinks the number of paid clicks will jump 26%. kelly, back to you. >> wow. all right, josh. we'll watch for it. thank you very much. google's planned sale of its motorola phone division is drawing the attention of the u.s. government. uncle sam may have some concerns about the deal because of national security. ayman javers is tracking this story out of the nation's capital. ayman, what kind of national security concerns? >> yeah, kelly. we talked about this a little yesterday when this news broke. the issue here for this deal, if google is going to sell motorola mobility to lenovo, a chinese company, it will likely need approval in the united states. i've been talking to some experts today on what their reaction might be, whether they'll bless this deal or noft. a lot of folks i'm talking to

say there are serious problems here potentially for this deal. one expert said this deal could be a bridge too far for the u.s. government to allow the sale of motorola mobility to lenovo. take a look at a couple bullet points here. one expert said there are major concerns here. the key is u.s. concern around cyber security. of course, lenovo is chinese owned. it has said in the past it is not state owned. what lenovo has to do in order to convince the u.s. government to allow this deal to go through, they have to stress transparency and lack of connection to the chinese government. they have to commit to u.s. tech transfer rule and give the u.s. government access to their technology development. one expert on this area is telling me they've got to convince the u.s. government that they won't be able to install any technology back door into motorola's equipment that might threaten u.s. network security. that's one area where they're going to really look very carefully. the whole thing could take a long time. the initial review process itself could be as long as 30 days. >> eamon out of washington.

thanks very much. we want to know if anything bothers you about that deal. your thoughts later on. >> maybe they pay $12 billion and sold it for $3 billion. does that bother you? >> shareholders might have concerns. >> facebook is up a whopping 15% after reporting strong revenue numbers last night. >> dan niles, speaking of shareholders, has probably been the most accurate analyst on this stock in its brief history. he joins us now. dan, we do want to start -- or we do want to talk facebook, of course. first of all, your thoughts on this google/le novo deal. >> i think it's a great deal for google. motorola's revenues were down 50% year over year. google's stand-alone business is growing. google managed to lose 25% margins on that business. meanwhile, you look at their base business, about 33% margin.

this is going to help boost them by a couple bucks just by getting rid of it. when you look out in time, they're not going to have any conflict with their phone partners anymore. microsoft is buying nokia. all of the sudden if you were thinking of putting a microsoft operating system on your phone, you're thinking these guys are going to compete with me selling devices. google ee google's not doing that anymore. this is more important when you look down the line. >> dan, it was about three weeks ago you were on the halftime show. at that time, you said you did not have a position in facebook. you thought the fundamentals were good and that you were waiting to hopefully get that stock at a better price. did you misyour chance? >> well, we're buying some today. we own some. so we're buying some today as well. our thought is we'll actually be buying more over hopefully the next couple of days. we're hoping it comes in a little bit.

because our big issue with the current quarter, and we talk about it at the time, is your ad impressions were going to be down. they were actually down about 8%. that was counteracted by the fact that they show a lot more in terms of high price stats and their average revenue per user was up 51%. if you think about fast bike, stepping back from the quarter, it's interesting. the biggest thing for me looking forward is their opportunity to sell video apps. if you look at that, u.s. tv advertising is about $85 billion. u.s. online video ads are only about $4 billion. facebook just this past quarter started testing their own video ads with marketers and they want video ads inside instagram. if you kind of think about what happened with mobile, that went from $300 million in revenues a year ago. this quarter it was over $1.2 billion. the video revenues are likely to

be even bigger than that when you look out over time just given what you can charge for it. and that's the next billion-dollar business. that's what should really drive the next 12 to 18 months of growth. and that's hugely profitable. because right now, let's face it, when you watch anything on tv, you skip through all the commercial. you can't skip through these ads. that's what advertisers want. they want you to have to watch this. they can measure it. that's why to some extent this is the holy grail. >> it's amazing how quickly the landscape changes. you also told us yahoo! was your preferred internet holding ing that time. the earnings came out the other day. i love your opinion on what you think now. it appears the bloom is off the rose. however you want to say it, the honeymoon is over. why don't you say it best. >> yeah, i mean, i think we talked about this before. just because somebody is a good leader of a division inside one of the best companies in the

world, which is google, does not mean that they're going to be a good ceo of yahoo!. the reason we own it, it's still the same. we own it for ali baba. that business is growing 50% year over year. >> even that was a bit of a disappointment, though, dan. >> that wasn't actually a disappointment. if you look at the way the stock reacted when the earnings came out, the stock was initially up. then when people got to the guidance with the profits for the company, that's when the stock had issues. now, what we did was when we saw the coo get fired, we immediately went ahead and sold, keeping the money against our position to hedge ourselves, which thank god we did. when we look at things going forward, we actually still like the story because my view is that the base business right now is being valued at zero. and if you look at what they own in yahoo! japan, which it's easy

to forget about which is actually up year to date, believe it or not. yahoo! japan is doing better than yahoo! is. and if you look at ali baba, their business is still growing strongly. so we still think the stock is going to do pretty well. >> dan, great to hear from you on a couple of important tech companies. a couple more reporting after the bell. have a good one. 17 minutes left to go. the dow holding up at about 120 points. a 2% move for the nasdaq, up 77. >> the biggest day and the busiest in the quarter for earnings thus far. 10% of the s&p 500 companies are reporting today. >> coming up, we'll talk earnings with michael monahan. after the bell, it's under armour seeing its shares hit an all-time high today. i'll talk to ceo kevin plank about the company's game plan. i always say be the man with the plan

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well, don't look now, but apple shares are in serious danger of closing below $500. they're currently down about a tenth of a percent to 499.83.

we haven't closed below that level since september 4th, 2013. i want to get to sheila at the nasdaq taking a look at the impact or lack of impact this is having on that index today. >> yeah, the nasdaq has been doing fantastically well today. it has been roaring back to life here, up 2%. in fact, one of the best one-day gains since october 2013. so certainly having a big impact today here on stocks, all thanks to earnings, kelly. >> all right, sheila. thanks very much. sheila, by the way, do you have any bargain stocks for us today? >> i do have bargain stocks. let's talk about them because, look, it has been a rough and tumble year for 2014. a lot of stocks have been getting beaten up. we actually have found three names that have underperformed in the market so far this year but could potentially be some good long-term buys. number one on the list is yum brands. getting hit hard over concerns about china growth, also an

outbreak of avian flu. analysts are saying, if you think about this company long-term, china gdp growth of 7% to 8%, still very good for overall growth for the company. also, the company's u.s. business is a cash machine, which bodes well for shareholder returns. number two on the list is mattel. if you look at the stock outside of the u.s., the company has been growing there rapidly. also, has a great product mix. you have all these cool products like monster high and american girl. really high margin, which all flows to the bottom line for mattel. finally, number three, let's talk about a retail name that's ralph lauren. it's been a very weak retail tape overall this year. ralph lauren has gone down along with that. if you look at the company, the brand value of ralph lauren is huge and eventually should pay off in emerging markets around the world. also, the company has been working hard to scale its accessories business, so that could potentially be the next

engine of growth for the company, kelly. >> okay. great ideas in there. sheila, thanks very much. as we head towards the closing bell with about 12 minutes to go, the dow is up 105. >> storms are storming back today. should you believe in today's ral rally, or will global market turmoil keep putting pressure on the u.s. market? that's next. i'm telling you, do not go anywhere. we're hoping to get a shot as well of eli manning, who's going to be walking the floor. i know you want to see that. so stick with us. we're back after this. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today.

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all right. we are back on the floor of the new york stock exchange. you are looking at a live photo of new york giants quarterback eli manning, who has shown up for the closing bell here alongside pepsi, which is a major sponsor, as you know, of the super bowl. eli having two super bowl rings. his brother, peyton manning, quarterback of the denver broncos, will be going for his second in eli's house. how interesting is that going to be? so they take a photo op here. they'll go up on the podium. duncan is here with us watching the festivities unfold. this is a big day on the floor of the new york stock exchange, of course, as eli is here. i'm going to try to work my way in here, see if i can get a question or two in for mr.

manning. eli, let me ask you quickly, we're live on cnbc. what do you think your brother's chances are on sunday in your house? >> i think he's got a great chance. they've had an unbelievable season. he's had a great season. they're a really good team. obviously, the seahawks are very good, but it should be a good game. i'll be rooting for the broncos. >> what role is the weather going to play in the cold temperature? >> i don't think it'll be a factor. it seems right now it's going to be around 30 degrees at kickoff and not much wind. should be great conditions to play a football team. >> peyton is tired of hearing about your two rings. he wants another one so you're even. >> i know he wants a second one. i'll be rooting for him, hoping he gets it. >> all right. best of luck to your family. thanks so much for spending time with us live on cnbc. eli manning here again with pepsi for the closing bell. kelly, i'm going to send it to you as we get set for that. >> great stuff, scott. we want to give people a look at where we are here on the markets. the dow is up 106 points.

it's a strong session for the nasdaq, which is up almost 2% today. its best performance in a couple months. we'll be right back after this. [ male announcer ] what kind of energy is so abundant, it can help provide the power for all this? natural gas. ♪ more than ever before, america's electricity is generated by it. exxonmobil uses advanced visualization and drilling technologies to produce natural gas... powering our lives... while reducing emissions by up to 60%. energy lives here. ♪

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because the future belongs to those who challenge the present. [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. we're back down on the floor of the new york stock exchange. that was a great moment with eli spending some time with us. the dow is up 110 points heading into the close. we're joined now by rich and

john. bob posani will be along in a minute. rich, as we look set to go out with a triple-digit move, following what happened yesterday with the fed, what do we take from all of this? >> right now we have emerging market volatility leading to volatility here in the u.s. our views have stocks ending the year higher. right now with rates dropping, the fed has covered the taper even further right now. >> how's the market feel to you here? is the correction finished or not? is it going to be a volatile and bumpy right throughout? >> scott, i got to say, i don't think volatility is gone. it could easily come back, but i think yesterday the fed threw down the gauntlet and said, focus on the u.s. it's the economy. it's earnings. the u.s. is moving ahead. >> bob, you know, the top of this show with kelly, we

mentioned how there was no volatility last year, really, whatsoever. it was straight up. now all of the sudden volatility has reared its ugly head. it is up and down and up and down. >> a lot of people question why we're down 4%. why were we up 30% last year? and why did it go so smoothly? i think this is more normal that we should be seeing right now. i think we'll see some allocation tomorrow into stocks, out of bonds. i want to point out, you were wondering about j.c. penney. some tabloid articles out yesterday saying they were going to be hiking prices. that's all i saw. the volume picked up dramatically. i mean, we saw 50 million shares coming down. that's two, three times normal volume. >> if we could look at jcp, the stock was down 8% or 9%. it had broken back below $6. >> right about 2:00 or so. what's more disconcerting, whirlpool down 9% right now.

a decent earnings report. the ceo is very buoyant, but i think it got caught up in the weak housing number we had this morning. the hole buime builders are als. >> because you have macro conditions dominating individual stock movements right now. once we get past this period of volatility, we're really going start seeing earnings kick in, monetary policy easing, and we're going to start seeing stocks move higher. >> john, how do we feel about earnings thus far? today was the busiest day yet. it's only going to get busier. >> when i look at it, i see revenues are up ova little over 2%. earnings are up. it looks good. it's the same as we've seen before in the sense that it's orchestrated to a great degree by analytical conservatism, so to speak, going into an earnings season. we got to say, it's getting better. >> john, great to see you, as always. rich, to you as well. bob, see you in a second once

the bell rings, which it's going to do in about 15 seconds. there you go, pepsi here ringing the closing bell. eli taking center stage as his brother tries to win his second super bowl sunday. kelly evans picks it up with big earnings from google and amazon just after this. and welcome to "the closing bell." you can see there eli manning with the closing well action up with pepsi. i'm kelly evans. we're moments away from two huge earnings reports, google and amazon. we'll get you those results the very moment they're out. in the meantime, here's how we're finishing. a bounceback day on wall street. the dow up 108 points after a series of weaker sessions. the nasdaq the strongest performer today, up almost 3% at 71 points higher. the s&p 00 adding 19 to reclaim the 1794 level as it eyes that

800 mark yet again. let's get right to it with lots of action. jo i love we've caught john fort literally on the phone right now. also with us for today's market action, "fast money" contributor karen finerman. dr. j, talk to us. what's the most important thing here in terms of markets? >> well, in terms of the after hours, i think it's going to be google more so than amazon. amazon, again, that's all about retail and the web services in particular, cloud and so forth. i think they're both very high tech. i'm not calling amazon just a retailer. so many people want to focus in on the christmas season that we just closed the books on. i want to focus on aws, the website services, as well as what amazon has been doing to

facilitate other businesses across the web. >> and karen, what about the market action today generally? the fact we had this strong rebound, is it earnings related? >> i think it was somewhat of a relief rally. we've had a pretty miserable seven or eight days. we saw overnight some of the emerging markets bounced off their lows. so relief hopefully will calm down in the next few days. >> all right. we're starting to see action here across these two major names. for the one part, google sitting -- there we go. a little movement now. up about 1% after hours. i think if we can show amazon right now as well, we had a pretty big pop there on that chart. indeed, it's up about 5%. full details on those numbers are coming shortly. and natalie, the question is going to be, what is the read through for these two bell weathers but also for tech more broadly. >> exactly. what we're looking for here is what kind of companies these companies are defining themselves as. because there's so many

verticals across them. there's mobile, desk top, web, web services, cloud services. it's interesting to see not just how the companies do, but how they do within the sectors. >> amazon was up 5% today. that is today's session move. you are not seeing the after hours move. those results are due any second now. google is reporting now. let's get over to josh lipton. >> yeah, kelly. google just reporting. remember what the street was looking for here. 1222 on $13.55 billion. google reports 1201 on $16.86 billion. just going through the release here. paid clicks, the street thought that would be up 26%. it was actually up 31%. cpcs, the street thought you were going to see that down about 8%. they're down about 11%. also, motorola mobility remember in q-3, the operating loss there was $248 million. in q-4, the operates loss is

$384 million. kelly, back to you. >> josh, thanks. want to bring in a pair of analysts now with a bit more context. tom, your take. this is a big miss on the earnings number. >> yeah, i think for google, i think they're going to pass to the extent that yesterday they announced they're divesting the hand set business to lenovo. i did think, though, as far as going into the quarter that expectations were pretty high. so not overly surprised that they missed on the bottom line, but i think investors will give them a pass given that the more important news is they're getting out of the hand set business. >> so that overshadows the earnings. david, do you agree? >> yeah, the stock has run a lot. it's gone from being very cheap to being, you know, not an inexpensive anymore. the top line is very good, although the cost per click is still an issue. in other words, prices may be down, but units are way up.

search is clearly growing really well, and they're moving to mobile, which is lower per click. so just like facebook, it looks like the volume is moving from desk top to mobile. they're going to benefit, but it has not hit the bottom line because of other investments. >> oerk. google shares are moving up about 1% after hours. guys, thanks. we're also getting an earnings surprise right now. zynga is out with results a week ahead of schedule. julia boorstin has the numbers. >> zynga shares are halted with news of its biggest acquisition yet. a deal to buy natural motion for $527 million in cash and stock. the ceo telling me the acquisition could accelerate zynga's move to mobile. more news, they're slashing 15% of their work force, a total of 314 employees. $147 million beat projections by $6 million.

a loss of 3 cents per share in the fourth quarter is a penny better than forecasted. users, though, continue to decline with monthly active users down 16% just from the third quarter. though users' average daily payments increased 10% from q-3. zynga predicts revenue and adjusted earnings growth will improve each sequential quarter this year with full revenue projections better than expected. you can find more on cnbc.com. kelly? >> all right. zynga shares -- i'm not even going to go there. julia, thanks very much. important news for zynga, out with earnings early and talking about making this acquisition for natural motion. the biggest yet. so $527 million. let's get to john fort now off the line. as we work through a couple of big reports here, what can you tell us? >> well, we've got amazon's numbers. it looks like amazon is

reporting revenue of 25.59 billion. that compares to an expectation of $26.05 billion. earning per share of 51 cents. they're also guiding to a range for q-1 of $18.2 billion to $19.9 billion and a break even on operating income plus or minus $200 million. looking through here for some highlights. they say they had a record-setting holiday season for amazon prime. their membership program, prime instant video selection increased from 33,000 to more than 40,000. they still don't seem to be giving kindle numbers. but they do tout, which they had announced that the mayday button, which is the customer service button you press on the kindle, their response time was just nine seconds.

interesting guidance. the revenue a little weak based on what we would have expected. of course, that's what's driving the stock, the expectation of revenue growth. so i want to look through and see how much of this is a shortfall on international versus north america. north america has been growing a lot faster. let me see here. north america net sales are $15.3 billion. international, $10.2 billion. looking at expectations, looks like the shortfall is split equally between those two based whereon the street had expected them to come in. >> and amazon shares are moving lower by almost 8% after hours. karen, your thoughts here. >> you know, amazon is just always astounding to me. seems like there was a miss here. margins came in close to zero. i don't know why this stock has got an pass for a couple hundred points. to me what's happening at google is more interesting. it makes more sense to me. there's some semblance of valuation. i can't focus on an amazon.

i'm much more interested in looking at what a google can do. >> i want to go to tom and david on this as well. tom, reacting to amazon's numbers here, a big move lower after hours. >> i think if you look at the report, i think john's looking at it the right way to determine if there's something going on, on an international basis. all the numbers certainly pointed to a blow-out holiday season for amazon. you looked at 20-plus million amazon prime members who were taking advantage basically of being able to sign up on saturday and have packages delivered in time for the holiday. sales is really the big determiner of the stock price. i'd like to get a little more details on what happened on the top line. >> david, it's not uncommon for amazon to miss on the holiday quarter. from that point of view, this isn't as much of a surprise, but what do you think it is here that spooked the shares down now almost 9%? >> the stock has been a huge success. you know, obviously no one looks at it on earnings because it's

over 100 times earnings. therefore, all of the expectation is on revenue growth, and while it was good, it was pretty much expectation. so a lot of people are just, you know, looking for beats. valuation means nothing to the current investors. a lot of them get off if they don't continue to beat the up side for whatever reason. and what worries us as fundamental investors is when will the company actually be make real money? they just forecasted to break even for the next quarter. >> john, when are they going to make money? >> i don't know that, but looking through this report at some of the numbers, it does appear to me that media sales, sales on the media line, both in north america and international, are weak versus what they have been typically. for example, a year ago we saw media come in at around 24% of revenue. it's coming in a little lighter, about a point lighter than that. international had been 40% of

revenue a year ago. it's a little lighter than that. i don't know exactly where the street had projected media to come in. i don't know whether this is perhaps a bit of a netflix effect taking place. we saw strong numbers from them perhaps. amazon not gaining as much ground as netflix is in that aarena. that's something i would have a question about. >> and just to update people real quick on zynga, that story julia was just talking about, those shares will resume trading at about half past. we'll let you know what the action looks like. natalie? >> we also have to tie the media sector in with the amazon prime. amazon prime means you can watch amazon on demand. they've been trying to build out that library and establish themselves as a content company. we're thinking of amazon not only as kindle sales and book sales but digital media streaming. that's why we take a look at put them against other companies like apple and google. that's why these names are important to go together. >> but where is the difference here?

>> amazon will always say they've had a record quarter. we had a record this, record that. >> how many people are getting prime to stream video, and how many people are getting prime because they want that package at their door in two days or less? >> that makes that a emessaging problem. then people who have prime for the retail benefits of it don't know they can use this as a netflix service, so they're paying for both things. >> dr. j.? >> i'd say it's a little confusing. i use prime and find the site difficult to navigate. you have to go to the amazon video site to basically get what you want on the amazon prime under your account name and password and then push it over into your library on the other side. it's not as easy as netflix, for instance. >> i was just going to say, netflix has this, to some extent, blow-out quarter. at least the shares responded that way to it. so what does that tell you about the challenge here for amazon? >> we saw a lot of user

interface snags like this with netflix too. we saw it with hulu. especially when they started to go to different set top boxes and devices. maybe it's still early. i hate to say that about a company like amazon. shouldn't they have user interface figured out by now? >> tom, amazon web services has been such a juggernaut for this company. some are calling it i think a $9 billion or $10 billion business within a couple years. i understand they don't necessarily break that out as a line, but we're talking a lot about the consumer side. that's equally a big deal. >> yeah, if you look at their northern american other revenue, which includes web services, that's been growing very strong. i think the story on the media front is if you look at consumer electronics, especially during the holiday period, as it was evident by best buy, you had new strengths in tablets and smartphones. but you didn't have telephones

or other devices working well. if you went to the consumer electronics show this year, there's not a lot near term to get excited about on the television front. >> david, what about you? >> i think you should really keep in mind that to grow their video services, just like netflix, they have to invest hundreds of millions of dollars in content, and they're still charging the same fee they still charge just for the prime package delivery. it's a cost, not really a revenue in the short term. web services has been hundreds, almost billions of dollars of investment. so, you know, we're not sure if they're buying business margins are beginning to come up, but they're nowhere near ending the cap x on this thing. in other words, we're buying amazon for the distant future when they become so big they have to slow growth but become hugely profitable. they'll be the next walmart, google. you know, that seems to be far away looking at this quarter. >> but they have an opportunity to scale back their fulfillment investments. you saw that in 2013 when they

added seven to ten centers. in 2012, they added more like 20. this brought them a lot closer to the consumer, giving them an opportunity to move forward with grocery. i think amazon can invest in video for an extended period of time. the two margin lovers are fulfillment and increasing third-party sales mix. >> tom and david, thanks. karen, hold that thought for 45 minutes and we'll all tune in. karen at the top of the hour on "fast money" at 5:00 p.m. be sure to stick around and catch that. my thanks to our analysts for joining us. the rest of the panel sticks with me as we run through these earnings and other big ones like chipotle after the bell. it is the busiest earnings day of the season. up next, find out what all of the earnings and guidance are saying about where the economy stands and where it's going from here. plus, the view on earnings. the cfo of pitney. they'll speak with me exclusively on the heels of

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welcome back. let's start with breaking news on the fed. steve liesman has details back

at hq. >> hey, kelly. the federal reserve making it official that the fed at its meeting this week did vote janet yellen to be the chairman of the federal open market committee. what we didn't know is she will be sworn in on monday, february 3rd. so over the weekend she'll be vice chair but in charge because the vice chair has all the duties of the chair in the absence of the chair. ben bernanke, apparently the name plate is being taken down, the desk being cleaned out. janet yellen will be sworn in monday morning at 9:00 a.m. in a private ceremony. neither you or i are invited as far as i know. >> steve, i got an invite, but it's all right. i'll let you know how it goes. no, i'm kidding. it's the end of an era, and it will be a very interesting new one. thank you so much. chipotle earnings, mean while, are out. sheila? >> chipotle shares are popping in the after hours, up more than 11%. basically, erasing all the losses the stock has seen this

year after a very strong fourth quarter earnings report. 9.3%, handily beating estimates of 6.7%. sales beating $844 million. profits also in line. the company's forecasts also strong saying it wants to open up to 195 new chipotle stores next year. so the growth story still continues for chipotle. the stock responding very well to that. kelly? >> for meeting earnings expectations, it's up 11%. that's incredible. sheila, thanks very much. let's look at some of the other big earnings movers, including some of the names we've just heard from. seema mody rounding them up. >> we're going to begin with google, whose stock has been volatile in the after hours. it reported fourth quarter earnings of $12.01 a share. slightly less than the $12.20 the street was looking for. revenue came in a bit more than analysts were expecting. amazon taking a big hit in the after hours after reporting both earnings and revenue came in below street expectations. stock down 9% after hours.

zynga shares, though, halted in the after hours. trade set to resume at 4:30 p.m. eastern. it reported a fourth quarter loss of 3 cents a share, a penny better than the street was expecting. revenue came in higher than forecasts. it also provided a solid 2014 outlook. kelly? >> all right, seema. thanks very much. so much action. i just want to kick it around here with our panel as we digest what this all means. i'm just going to throw this out there before we get into the details. also joining us is jeff cox, making the point that despite strong earnings so far, there has been a troubling trend with regard to guidance. what is that, jeff? >> the earnings season has been pretty good so far, as we all know. the troubling sign that i've seen and has been report ed, up to about 60% of companies issuing downward looking forward guidance. while we're celebrating pretty

good earnings season, the outlook isn't so great here. i think that's troubling on the levels of what we're seeing the problems with emerging markets, seeing the uncertainty over what fed policy impact is going to have. i think it's something we're really going to have to keep an eye on going forward. >> before we get into the details of some of these big earnings, what do you think about this theory? we've been hearing weakness throughout the retail sector. we thought maybe it's weather. maybe it's amazon stealing share. it's not a great reaction. should we be worried about this market going into the bulk of retail earnings season? >> well, i was worried until the chipotle numbers came out. chipotle came out up 9.3% same-store sales. that's pretty big. as far as amazon, we all knew that it was going to be just cut-throat competition, kelly, going in this season. indeed, it was. hand-to-hand combat between best buy, primarily, and amazon,

especially for consumer electronics. but i think they ended up -- amazon built a lot of their prime product up because of that, because people could order for the whole year with that one fee. unfortunately, i don't think it's really going to help them in the next three quarters that they have to pay for robbing peter to pay paul. now they have to pay for it. >> it's interesting. visa reported as well today. while there was growth, it was slower than in the third quarter. they said this is consistent with what they've been calling a tepid recovery. they also say until you start to see job growth and improvement in personal income, they think it's going to remain that way. that should be a signal for a lot of retailers. >> and there are actually people out there saying maybe we're overlooking the impact that obamacare, for example, has had, as people have had to take out their discretionary income to pay for the new program. it's not going to help when they get sticker shock on their heating bills.

perhaps -- i don't know if you think there's a consistent message across the tech sector with regard to the health of the u.s. consumer. >> i think you got to take it all together. look at apple. revenues came in a little light, particularly in north america with iphone. ipad was strong. nokia came in a little weak. people are concerned about the growth at the high end in samsung's smartphone revenue. we know what's happening in the pc sector, overall electronics. look at amazon a little lighter than you would have hoped. a lot of these companies are appealing to a smaller demographic and are seeing in-line, decent margin but not the growth you would hope for. i wonder if there's something to pick out of that. >> natalie, what about you? >> meanmeanwhile, consumers are liking things that are free. we saw the social networks have a good day today. people are willing to do things online. we're noticing a lot of ad engagement, where we thought maybe that wasn't a viable business. now facebook is showing us our users really are engaged.

they're watching what we have to advertise to them. they're clicking it. so free is going a long way. it's not necessarily the consumer that's paying this quarter. it's corporations. >> jeff, it is that forward-looking commentary you're talking about that will perhaps give us the real window into what's happening right now in the economy. >> well, yeah. i think you'll get a bigger window into this two-speed recovery. it's an issue of wealth disparity that's become such a big thing. it's going to be a big theme in the market this year, and more importantly in the economy to see what quality of recovery do we have, what quality of earnings do we have. my big question here obviously is when you see companies lower forward guidance, is this real -- i mean r they really worried about their prospects, or is this more lowering the bar bs just saying, hey, yeah, things are troublesome and we come back and beat the lower bar. but i do think, you know, the added element here is the fed policy, the change in fed policy. how does america react to the

pullback in liquidity. >> and that remains an open question. jeff, thanks very much for joining us at this hour. we'll continue to work through these earnings reports. coming up, pitney bowes' cfo. we're going to talk to him. that stock near a 52-week high. keep it right here. back after a quick break. but way too many aren't.e fe why? because selling their funds makes them more money. which makes you wonder. isn't that a conflict? search "proprietary mutual funds". yikes!! then go to e*trade. we've got over 8,000 mutual funds and not one of them has our name on it. we're in the business of finding the right investments for you. e*trade. less for us, more for you. the fund's prospectus contains its investment objectives, risks, charges, expenses and other important information and should be read and considered carefully before investing. for a current prospectus visit www.etrade.com/mutualfunds.

welcome back. pitney bowes beating earnings today. the stock then taking ae jump up about 17% today. take a look at that chart. joining us now is the chief financial officer. it's great to have you with us. i imagine you guys are pretty pleased with the stock move today. what can you tell us about the quarter? >> we're very pleased with the move today, kelly. the quarter was great in the fact we laid out a tra transformation of the business over the next three years. one of the key milestone was to deliver revenue growth. in this quarter, we hit that milestone. we delivered revenue growth. that was a key. we also saw great performance in our digital commerce business, which was up 17% this quarter. >> you know, you guys introduced the postage meter fin 1920. what does pitney bowes look and

stand for in 2020? >> in 2020, there's still going to be a lot of mail volume. we'll still provide those things to our customers. today we're serving customers like facebook, like twitter with location intelligence technology, like ebay with international shipping for e-commerce solutions. we're delivering technologies that will deliver in the types of things that people need in the future. >> who do you consider your biggest competitors? who's executing well in this space right now? >> we have very different competitors across the different parts of our business. but what we really look at is the fact that we are delivering technology that some of the biggest social media and technology companies today are validating as the best technology out there. >> and could you give us some examples of that? >> sure. in the case of ebay, we provide shipping solution that allows customers around the world to

purchase from domestic sellers. and we turn that domestic purchase into an international shipment, and we take all the complexity of that, boil it down and make it one simple transaction for the customer. >> and how much investment are you going to be doing in the next year? and how much profitability do you think that's going to generate? >> well, we're really making investments. we've been making investments across that portfolio. we invest about $150 million a year in research and development. but we're also investing in our infrastructure in terms of our erp system. we announced that into 2014 we would be investing to build out an infrastructure for the types of businesses we're going to deliver in the future. >> given that you work with a lot of the social media names, for example, the big guys it sounds like, but can you tell us if there's any start-ups, any interesting players who we should be watching throughout this industry? >> well, in terms of the social media industry, there's obviously a number of players.

we're really focused right now on establishing ourselves as some of the biggest players out there today. but we are really working across the whole environment to look at the best ways to deliver our technology. >> and finally, we were just having a discussion about demand, consumer demand here in the u.s. but effectively demand across the economy. how would you describe the strength of the u.s. economy right now from your business? >> well, what we really watch is the small business environment. we have a million and a half customers around the world. the vast majority of them are small business. and we'd like to see obviously more new business starts to help drive our business and we think we can help them drive their business. >> all right. well, from start-ups to some of the biggest players, you guys certainly have a lot of exposure and exciting opportunities. thank you so much for joining us this afternoon. >> great. thank you, kelly. >> well, from office technology to athletic apparel. under armour was also surging today on the back of bulked up

profits. the company's ceo speaks with me on a first on cnbc interview next. we'll talk profits, the economy, and his plans to keep the company growing. there's also a pretty big game this weekend. keep it right here. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today.

welcome back. let's send it out to seema mody for a quick market flash. seema? >> welcome back to "closing bell." let's look at the big movers after hours. amazon falling big after hours, this after reporting weaker than expected fourth quarter earnings and revenue. the stock currently trading down by 9.8% after hours. now to zynga. zynga reported a fourth quarter loss of 3 cents a share, a penny better tharn the street was expected. revenue came in higher than expected. it also reported a solid 2014 outlook. the stock was halted. it just resumed trade and now up 20% after hours. talk about big moves, kelly. >> wow. a couple of them. thanks very much. speaking of big moves, at least one retailer isn't suffering because of this winter's bitter cold. under armour reporting better than expected fourth quarter results, thanks in part to its cold weather gear. shares today more than 22% higher, rocketing the stock to a new all-time high. joining me with more on those

earnings results and also here to unveil the company's newest product is under armour ceo kevin plank live at grand central terminal in new york city ahead of the super bowl. kevin, so much happening. great to see you. tell us first of all what it is that you're launching. >> hi there, kelly. how are you? yeah, we're down here at grand central station. you know, broadcasting in a little bit of chaos. but how else would you want it here? today we launch a new product called speed form apollo, which is our latest innovation in footwear. we've been in this category of business for eight years selling it, 11 years developing it. so i think it's taken 18 years in the apparel business to get the swagger and confidence we created in apparel. i think we're proud of the confidence we're coming out in the new speed form apollo. best new product from "competitor" magazine. we're firmly in the running shoe market and making big strides to come. >> okay. kevin, i'm going to bring in the

panel in a second. before i do, is it about 18 years of execution, or is it about a really, really cold winter that delivered those fourth quarter results for you guys? >> yeah, no, no. we were up 25% in the fourth quarter a year ago. it was probably one of the warmer winters or fourth quarters we've had in a long time. no question about it, when the weather gets cold, everybody in our industry definitely gets a little smarter. you know, there's a lot manufactumore going on than just cold weather. we're very proud of results, especially the team that made them happen. there's a lot more to come, and you know, i think there's a tremendous amount of momentum behind us but a heck of a lot in front of us. >> shareholders seem to feel the same way. dr. j? >> kevin, congratulations. my brother is a true believer in your product. as well as kelly. >> changed my life in high school and college sports. >> there's no doubt kids love this and adults are wearing it too. but shoes, this is the big push

for you guys. you really didn't have a big impact in this area yet. obviously as a category, this has to be something that really excites you and should excite shareholders if indeed you can move the needle on this vis-a-vis against adidas and nike. >> yeah, you know, first of all, we had a tremendous day today. again, under armour had a huge 2013. we performed equally on the top as well as the bottom. we're bringing a balanced approach. after eight years as a public company, after 30% top line, 30% bottom line growth, i think you see a balanced companies beginning to come into its own. we certainly don't have all the answers. the type of partnerships that bring around the brand, people like notre dame, the united states naval academy and launching today with speed form apollo. it's a big day for under armour. again, i think we're taking new strides. no longer just a compression apparel brand. certainly a full-service

performance brand. >> kevin, this is mary thompson. i have a question about the speed form apollo. first of all, what is the type of runner that you're targeting with this shoe? and what is it going to sell for? >> you know, this is the first shoe made exclusively in an apparel factory. i think we took what we knew very well, which was our apparel heritage and background. again, 18 years of perfecting that. we said, you know, instead of being confined by constraints that other footwear companies have had, you know, we were able to take the ideas of fit, form, and function from what fits better than a compression top and applying that to the foot. so this shoe is something that, you know, again from the fabrics to the softness, not a single stitch made is completely seam sealed in this product. the way it comes together, it's an extraordinary product. at under six ounce, it'll be one of the best, lightest, most efficient products out there in the market. incredibly competitive at $100

retail. >> i have a question about your overseas strategy. under armour has been known as kind of an aspirational brand, but for americans. i notice that last quarter your overseas sales were only 6% of your total revenue even though it still is growing. so what is the international strategy? >> yeah, i'm sorry, guys. i'm having a hard time hearing that one. >> yeah, the question kevin is what's your international strategy? >> one more time for me, kelly. >> sure. what's your international strategy? how are you going to grow outside the u.s.? >> yeah. well, you know, i think we're just getting going. we defined our goals to be a global brand. one day more than half our revenues will come from outside our home country. today that's a little less than 10% for us as a total company. we said this past june that, you know, international would represent more than 12% of our business, doubling from the 6% it is today. we feel very confident about

that. tremendous strides and growth that we've seen, what's happening in china. we have 13 brand stores opening today. we'll have more than 50 by the end of this year. the strides we have in japan. you take out the exchange and japan's a business up 30% on a $250 million business as well. so we know the under armour brand translates, and we're just getting started. we have new leadership in place, an industry vet who's doing a great job. the footprint for under armour is big and one that probably the thing that excites me most is taking this product story of apparel and men's and women's apparel and footwear -- >> wyou have a big marketing event coming up as well with so many other sportswear brands at the olympics. thank you so much for joining us this afternoon. that's kevin plank from grand central as they launch footwear. real estate agent to the stars is back. coming up next, we have the big reveal on which million-dollar home located in a super bowl winning town has the most bang for your buck. don't go anywhere.

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welcome back. it is not a pretty trading session after hours for amazon. after that retailer reporting a pretty big miss on the earnings side. the shares are down at this point almost 8%. if we were open right now for trade, if this was happening during a regular trading session, this would be the company's worst day since october 2011. it's something to keep in mind tomorrow. also, of course, watching the nasdaq after having a strong

session with that index up almost 2% today, this could weigh heavily when we ring the opening bell tomorrow morning. well, throughout the day here on cnbc, we've had seven homes from seven super bowl winning cities going head to head to see whose turf is the best bang for your buck. we're down to the final two. the home near the baltimore ravens is going up against the house near the new york giants. good luck. >> this three-story contemporary colonial sits on just over half an acre with a fully landscaped yard. it has a roomy two-car garage and plenty of street parking, making this the perfect party house. >> this contemporary house is built on the banks of a river in a secluded waterside community. the land is owned by the co-op association, but the house is just a short ten-minute commute to the hustle and bustle of city life. >> inside this two-story foyer welcomes your game day guests to

more than 6,000 square feet of living space. needless to say, this spacious gourmet kitchen is the perfect prep spot for your super feast. >> with the gourmet kitchen featuring state of the art appliances, this 2300 square foot home has an open floor plan, with easy access to both the living and dining rooms. >> the main floor master suite has one of the home's two gas fireplaces, but the real draw is this stadium-sized master bathroom, one of 4 1/2 in the home. upstairs are three more bedrooms, in case some of your guests might need to crash. >> this three bedroom, three bath has a master bedroom that's the entire top floor of the house. it's even got a jacuzzi with a view. >> the real entertainment value of this home is the lower level theater. it's just off the rec room, which has a wet bar, and right by a very large exercise room where you're going to need to work off those wings. all for the asking price of $1 million. >> with floor-to-ceiling windows

throughout and water views, a secluded backyard featuring a pond with real fish, this escape could be yours for $985,000. >> i think dom was getting comfortable there. joining me now, real estate broker to the super rich, dolly lens, who's been working through this competition all day. where was dom? >> he was at new jersey. edgewater. a hop, skip, and a jump across the bridge, if the bridge is open. >> good point. and where was diana? >> in ravens territory, baltimore, maryland. >> so when these go head to head, is location the only thing that matters? >> you know, location is a key thing, but it's not the only thing. there's replacement costs. there's all kinds of factors that are involved, including how many -- the supply and demand. how many are on the market that compete exactly with that house. >> because the two properties to me look kind of similar, right? >> one is really like a condo

co-op apartment type property. the other is a real house, house. >> okay. does that mean the house, house gets the edge here? >> the house would get the edge, and i think in this case does get the edge, but it's not because it's a house, house. it's because it's in a great location. there's nothing to compete with it right now on the market. so it's likely next to sell. it's only on the market a month. >> i just have to ask, for people looking at the real estate market right now, is there any such thing as a cold-weather discount this time of year? >> that's a really good point. there really could be. i've had quite a few appointments canceled because it's too cold to go out. if you're the brave one in the too cold to go out, you might be the only bidder. you actually might get what you want because of that. >> so the winner of this competition today, the super bowl edition of million-dollar homes is? >> well, eli manning was just here. he's going to be really upset. it's not eli manning. >> it's the ravens. >> exactly.

>> guess there's not much we can read through with a denver and seattle game. nevertheless, always keeps people interested. thank you so much. >> thank you. >> wait until you see which stories are surging to the top of our hot list next. an uproar in hot list. and uproar over google selling its motorola business to lenovo. keep your thoughts comin coming @cnbcclosingbell. we'll butt your tweets on the air. chwab, we're here to help tdd#: 1-888-648-6021 bring what inspires you tdd#: 1-888-648-6021 out there... in here. tdd#: 1-888-648-6021 out there, tdd#: 1-888-648-6021 there are stocks on the move. tdd#: 1-888-648-6021 in here, streetsmart edge has tdd#: 1-888-648-6021 chart pattern recognition tdd#: 1-888-648-6021 which shows you which ones are bullish or bearish. tdd#: 1-888-648-6021 now, earn 300 commission-free online trades. tdd#: 1-888-648-6021 call 1-888-648-6021 tdd#: 1-888-648-6021 or go to schwab.com/trading to learn how. tdd#: 1-888-648-6021 our trading specialists can tdd#: 1-888-648-6021 help you set up your platform. tdd#: 1-888-648-6021 because when your tools look the way you want tdd#: 1-888-648-6021 and work the way you think, you can trade at your best.

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welcome back. we had big news after-hours. what's burning up the website right now? allen wastler has the lowdown. >> there's an expression in news, if it bleeds, it leads. amazon is our leader right now. it came in with the big mess. what's going on? i watched the traffic pattern on this. they dive into the story on the earnings. right to the quote page, where they have a real-time ticker on it. and they're hanging on that to see if it changes. it was down 10%. now, it's come back nearer to 8%. there's hope there yet. and the second one on our list today, google, also came in with earnings. right now, at first blush, it didn't seem too great. as people start digging through the report, they're finding

things in the core business in google. actually doing well. they're diving into that story, too. they're going into the quote page. but they're not hanging quite as long. everything is good on that quote page. on the third one on the hot list today, january barometer. we're almost to the end of the month, right? >> and it doesn't look good. >> not looking great this time. we have two pieces on that. looking at the odds, just based on the figures now. and we have a deeper piece, what we call a thumb-sucker. and whether or not the january barometer is all it's cracked up to be. >> can you tell which portion of the traffic is mobile when it's not when it comes to reading these stories? >> i can. and what we've seen over the last year and it's intensified over the last six months, more and more mobile traffic is coming to our website and checking things out. in fact, we just launched a new app where you have a dedicated mobile ticker operation, people loving that, too. >> i was wondering when you

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welcome back. we are asking, what if anything bothers you about the google lenovo deal. whatever lenovo calls itself, any chinese firm allowed to grow that big is an stumt of the chinese state. the big losers are those who bought the moto x. and brian is a little upset about this sale, as well. if usa lets pork processing and theaters purchased by chinese corporations, why not motorola? an interesting question. we heard from eamon on this earlier. dr. j., is that the one to watch tomorrow? >> i think amazon is the one to watch, kel, if we get no bounce at all. we had a little after-hours bounce. it was pricing in an 8% move with the combination of call input. that's how much it's down in the

after-hours here. if it can work its way back towards 400 or even, you know, cut this loss in half, that's a victory for amazon. >> we have to remember, amazon had some news leaks this week, with possible share person-to-person money sharing and kindle at point of sale. maybe that news might buoy a little bit if it becomes official. we can watch for that. >> jon, what are you thinking? >> you have to look at what happened with other stocks today. facebook had a monster day. it pulled up twitter, yelp, splunk. amazon had a great year. they're starting to shift in other areas. google, though, a really strong performance in general. and they're dumping motorola. they might get more. >> 59%. >> 59% last year. but i'm thinking that some people, as you indicated, might be dumping it. if they're forecasting a break-even second quarter, maybe people want to -- >> is that too good now?

>> no. they want to pull back and see what they have to say on the call. >> we'll listen for all of that. thank you so much for being here on a busy afternoon. really appreciate it. and "fast money" is coming up in a couple seconds. melissa lee. amazon? >> we're talking amazon. and with the big mess and the big decline in the after-hours session, what does it mean for the stock, which seemed to be bulletproof in looking past its valuation. but what does it mean for the retail sector? it lost a lot to amazon during the holiday season. >> that's what we're wondering. over to you guys. >> thanks, kel. we're following a number of breaking stories. this is the busiest day for corporate earnings this quarter. amazon's conference call beginning right now. shares of that stock have been sinking in the after-hours. we'll bring you the latest from the conference call throughout the hour. google, missing on earnings. that conference call began about a half hour ago. and breaking news from facebook. the company announcing