tv Power Lunch CNBC February 6, 2014 1:00pm-2:01pm EST
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look ahead to tomorrow. tomorrow's a huge day. jobs report. >> yeah, and again -- wouldn't like t. make it or break it for this market as this point? >> no. so much weather in it. before that reason, it's not-ish did. >> make it, break it for tomorrow morning, 9:30 to 10:00. >> that does it for us. have great rest of the day. "power lunch" begins right now. >> announcer: "halftime" is over. the second half of your trading day begins now. indeed it does. bulls are back big time today. the dow jones industrial average with a triple digit advance, 147 points. look at the s&p. up almost a full purse and the nasdaq up. as we watched the markets, we're watching the courthouse in lower manhattan on the right-hand side of your screen is matthew martoma. a verdict could come today in his insider trading case. >> no coke. pepsi. >> no coke, pepsi.
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>> you remember the not ready for primetime players, don't you? coke take as direct aim at soda by buying green mountain. new speculation is that pepsi may buy the home soda maker soda scream. we'll talk about that. and which is the best buy? no coke and no pepsi. we will explain about that. and then, take a look at twitter stock now. down 212/3. a stinker, if you will. is this the big crack in social media space many have been waiting for? we'll talk about that as well this hour. busy hour. tyler's off today. bill griffeth is my partner. >> i'm back. three sectors beeing the weakes. today among the strongest. look at that. consumer discretionaries, and industrials, materials, that kind of volatility this new year in 2014. and now, of course, we've got
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the jobs report coming out tomorrow. at this point the consensus says we'll get about 189,000 net new jobs created, non-farm payroll jobs in january. jeff "killer ke ke -- what do you think? >> get in that number, we'll see tick up. you hit the nail on the head. volatility is in vogue. we've seen volatility any 2012. today a great rally down here at the nyse. went down the all-time high. blew through on the way up. support. boom, on the money. snis a gift those folks scratching their heads in january, this is a gift to book the profits and own vol taitati
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>> you think the market could sell off even way big number tomorrow? >> potentially. and tomorrow the truth serum comes out and this market is trending lower. out last night as a "worth" magazine convenient. all advisers had shared sentiment we'll trend lower but a zigzag line to lower prices, bill. >> certainly we've seen that this new year for sure. jeff killberg, thanks. see you later. >> all right, pal. put that consensus number on jobs up again to take a look. 189,000 jobbs expected to be created tomorrow. what if we come up above or below? and the core equity team, and also co-manager of the davidson multicaps equity fund. nice to have you here. ron, if we surpas that 189,000, whats in the market? >> well, i don't think it's going to happen, actually. i think the market would view that very positively, though, given the weather and seasonal adjustments and all these kinds of issues. has we need this year is wildly
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consensus, earnings. a big job number like that would indicate in spite of all of these near-term head winds, bad durable goods and bad ism reports and some inventory building it would send a strong message, i think. and i think embraced if above it. >> paul, the other side of that coin, though, is what if it's a miss? or perhaps we get revisions in the december report, which was also a little murky, because of the weather concerns? >> yeah, sure. absolutely. i think that if it does come in below and the market sells off on something like that we could consider it more of a buying opportunity, because what we're seeing is that despite the volatility and weather and those issues that the underlying trends in the economy are positive. and that we're seeing companies still have positive outlook in growth for 2014. >> what would you buy, then? what would you step into, given the volatility we see in the market? >> we've been doing in our davidson multicap equity fund, adding to mid-cap stocks. we see them having an adrattrac
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ish balance and reasonable valuations going forward here. >> paul, you get the final word. ron, rather, the final word. what would you be buying? >> well, given my -- my -- emphasis on earnings, i go with a-of-the companies that have operating earnings leverage. that would be pro cyclical stocks. parts of energy, even, putting assets to work over the last few months. >> gentlemen, appreciate it. despite today's jump, as you no. it's not been a great year for the bulls so far. it's early, nonetheless, all major indices are down. dow down almost 6%. 4% for the s&p, 3% nasdaq. clear winners and seema mody has run them down. >> right. five stocks locked big gains in 2013 and despite recent volatility continue to rally in 2014. first up is netflix, up 10%.
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renewed investor confidence in the company's ability to grow with subscriber base. analysts at morgan stanley, going forward. international expansion, big opportunity for netflix. and delta big winner. top pick among u.s. airlines writing its unique fleet stra strategy and non-union work force, and implantable heart device, its earnings beat street. and pipeline expected to help future sales. look at another winner thanks to a surge in beer sales. consolation brands blue through expectations. shares up this year. lastly, micron tech outperforming peers in the semiconductor space. the reason, strong earnings driven by notable improvement in the pc movement, upbeat guidance for a typical down quarter and up 11% on the year.
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back to you. >> seema, thanks great ideas. to dominic. >> sprint nearing a buyout. the merger and acquisition hopes faded. and the fcc saying it was not in favor of the deal. sprint lower on the day. back to you. >> dom, thank you very much. we have a developing story in lower manhattan. we're getting closer, you would think to a verdict in the insider trading case again matthew martoma. kate is outside the courthouse live right now. >> reporter: you would think getting close. a nail-biting week in this u.s. versus martoma case. third day of deliberations surpassing people's expectations how long this process would take. a lot of folks expected to see some resolution one way or another yesterday, but they're still at it, and it's been very
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quiet this morning. no notes to the judge or anything to suggest where their heads may be at. having said that, the defense took some confident from the jury, seeing a transcript alleging some was public at the time passed on to marthoma. he stands accused of three different accounts related to insider trading. two of securities fraud, one of conspiracy. this jury very interesting in terms of its makeup. it seems to be a well-educated somewhat affluent group including an nyu professor, bus driver, aig underwriter and nine others as well as alternates. sue, it's anybody's guess where they'll end up today, but i think people are feeling like a resolution will come soon. >> kate, thank you. keep us posted. on to the soda wars now bubbling all day after coca-cola and green mountain announce a deem to make at-home soda pods like the green mountain coffee
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pods we use. the board, coca-cola shares up 1 3/8% in terms of green mountain a huge gain of almost 30.5%. bring in pepsi, and soda stream as new speculation mounts that pepsi will fire back by buying soda stream, and this has been rumored last year as well, and pepsi's ceo said it was no-go. coca-cola bottling shares also on that. you can see kind of a mixed board with pepsico on the down side. the rest of those on the soda fountain board showing decent gains. soda stream sent cnbc a statement about 45 minutes ago saying "as the global innovator in home carbonation, soda stream views the announcement of green mountain partnership with coca-cola, custom carbonation is the future of the beverage industry." there's one soda stock we haven't mentioned. i'm a pepper. dominic chu is with me.
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if you haven't invested, you would be. up 33% outperforming coke and pepsi. right, dom? >> sue, interesting here. it's not just about the last three years. check out the year-to-date chart as well. look at their, gps shares negative, they are. everybody else, too. not nearly as much as coke and pepsi. it trades at the cheapest forward valuation among the group. 15 times expected earnings, 18 times earnings for both coke and pepsi on a forward basis. now, it's, however, a much smaller company. only about $9.5 billion in size compared to coke at $168 billion and pepsi at $121 billion. analysts in general have a more neutral view of the stock acc d according to facts, 3 buys, 9 holds, 1 sell. average price, $61, 6% higher than now for the stock. and analyst jonathan feeney a buy rate, $55 fair value estimate for the shares likes among other things the new line
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of 10 calorie carbonated soft drinks and speaks to a partnership between coke and green mountain, like you said. bringing those brands into the consumer home. dr. pepper snapple, a huge collection of its own loyal customers and loyal brands. think seven-up, sunkist, hawaiian punch and doctor pand pepper. anything could be an attractive at-home beverage plan for another provider. that's the question, to see if analysts have thoughts on that going forward. the reason dr. perp snapple is fun to watch just in the whole soda war kind of picture we have developing here. >> absolutely. ever-changing landscape. thanks, dom. twitter time. shares plummeting today after last night's not so good quarterly report. today is the worst day for that stock since going public, didn't go public until last november. not trading that long. how does wall street feel about
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it right now? no clear consensus. look at this. five buy ace mong analysts. nine holds, seven sells. one mccory ben schacter. you downgraded twitter from neutral to underperform in december. was last night's report of what you were expecting, where the weak spots were for that company? >> i think they were were posit and negatives. people are generally concerned about usage and usage growth, anemic and fewer are using it now. why? why do you think that is? is it a fad starting to fade? >> i wouldn't call it a fad, but the question is, can it get big jer become a mass market product in the same way facebook is? and i thought interesting that the company itself acknowledged that the product is too difficult to use for the mass market. certainly make changes, make it for facebook-like in a lot of ways. we'll have to wait and see what user like's so far, people aren't jumping on in the same
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way with other platforms. >> and the ceo said make a better twitter. does it mean they have to become more like facebook or all of these social media companies looking alike in the next few years? >> i think in general what you'll see is a lot of folks, every media company is going to try to sort of emulate what the success facebook who had with its news feed ad. twit sir having success with the news feed ads. can you get enough people to join these net twoshgs get the effect, get your friends and family on? that remains to be seen. >> absolutely. twitter down 21% in today's trade. ben schacter, thank you. sue? let's look at this picture. senator elizabeth warren just lit into a group over jamie dimon's pay as a senate hearing. we'll falk about thtalk about t next. see that? gun shots. a bizarre story raising serious questions over the you haver in
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jamie dimon's pay at jpmorgan under fire by senator elizabeth warren. we have it for you. >> reporter: this is at a senate banking committee hearing earlier today. at the hearing which featured financial regulators, elizabeth warren criticizing jamie dimon for his brand new $20 million pay package and whether or not a pay rise in the wake of the secretary of statements jpmorgan had should dissuade their companies in engaging in misconduct? take a listen. >> jamie dimon got a raise after he negotiated $17 billion to pay off for activities that were illegal that he presided over. so i'm not quite sure how this is a deterrent for other ceos. >> and sue, we should mention jpmorgan said in the past the raise was given on the merits
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here and that dimon earned every penny of what he was given. >> indeed. so noted. thank you very much. more than malphhalf a milli people in pennsylvania remain under ice causing tree limbs to crash down on power lines and many people won't have power until the middle of the weekend, bill. this winter is never going to end. >> ah -- telling me about it, sue. thank you. i think. >> yeah. all right. to this very bizarre story. the flashes you see there, this new video of gunfire just released after an attack last april at a power plant in california that sent juice into silicon valley. authorities are now talking terrorism. using the "t" word. someone slipped into an underground vault not far from a busy freeway in the area and cut telephone cables then snipers opened fire on a nearby
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electrical substation shooting for about 20 minutes knocking out 17 giant transformers. we're all finding out about this right now and found out on "power lunch" last april when we covered it with this breaking report. watch. >> customers in silicon, electricity customers asked to conserve energy. a substation, power station, damaged before 2:00 a.m. pacific time in a vandalism effort, a vandal shot out a transformer or two, heavy damage to transformers at the substation, pacific gas and electric says this is in san jose. the med cap substation serves quite a bit of the valley. >> and last april when in story was april. with us now, now we know they're calling it terrorism. did they succeed? what was hurt, affected in this taect? >> in this attack, a concern
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from pg&e saying conserve electricity today. that's not terribly unusual in terms of process, at least, for residents in the bay area who were used to rolling blackouts and things like that during the summers with power stations going down, but at the time, this is a plant that's far off the beaten path. not really close to residential areas. it wasn't clear what to make of it. vandalism was what initially came out. now terrorism, very much more serious. sounds like perhaps multiple people were involved, using language like snipers, talking about the gunfire that hit these transformers. definitely a different level of concern. now, much higher than at the time when there was a lot of head scratching over why somebody would do this. >> jon fortt, thank you very much. what steps are being take ton protect america's power grids? former assistant secretary of defense for security policy and we welcome you. shouldn't authorities have said something earlier on about terrorism? why was that kept a secret for
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so long, frank? >> we've been treating as a dirty little secret something that unfortunately our enemies know all too well, bill, and that is that the electric glade is t grid that is the backbone of america's 21st century society is vulnerable to this kind of very basic fairly primitive attack, and at other end, just talking with senator ted cruz and former director of intelligence wiloolsey about th on capitol hill, a nuclear detonated in space that could take down an entire grid with possibly one blow. what is missing ats they moment, a degree of transparency with the american people about the dangers this poses to all of us. >> yes. >> possibly life-ending for millions. many millions. and, really, even an existential threat to the country as a whole. >> and homeland security's stance is it's up to the individual utilities to protect
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these power grids. what do you think? should they? >> you know, you have both sides pointing to the other, as the outfit that ought to take care of this. the utilities that are dominant in this space own what is it, 85% or so of the power generation capabilities in the united states. they think it's the government's responsibility, if it's, you know, an attack. they even think it's basically the government's responsibility if something else that is absolutely positively going to happen to us, bill, takes place. namely, an intense solar flare exposes the earth to this kind of electromagnetic energy and takes dobb our grid and everybody else's. the truth is, this is a national floob has to be dealt with as a national problem. i think probably the electric utilities and the rate payers have a troel play, but so does the government. if we don't get our hands around this we're looking at the destruction of our nation
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inevitably. the last time one of these solar storms happened, 155 years ago. on average they happen every 150 years. even if not the vandals -- huh, the vandals doing this, still at large, by the way, then this can happen through any other means and inviting it if we don't take steps which we know what to do to prevent against this kind of attack. >> hope the fallout is a call to action on that. good to see you. thank you. frank gaffney joining us. with the growth of google around san francisco and facebook now building its own development near menlo park, there has been growing animosity from the locals in that area that technology and the tech companies are pushing home price toos high. one san francisco housing analyst, though, says that's just not true. diana olick is on the case for us. what is he saying, diana? >> reporter: truly it's chief commit jed based in san francisco saying while prices are 82% higher than other large metros, that gap existed well before the internet did.
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apparently tech just chose expensive markets because there were major universities there and highly skilled workers. they looked at the top ten housing hubs in tech markets, which include austin, d.c., the boston area. he found that asking prices in those are up over 13% you've over year officer average versus the 11.4% gained nationally, but those markets had steeper price declines during the housing crash and now fewer foreclosures than the national average. when you account for that, he says it's a wash. affordability is awful in san francisco, just 14% of home there's considered affordable, but that's not tech. it's lack of construction. big restrictions on new construction. raleigh and austin have nearly ten times the home building and are far more affordable. lots nor online. realtycheck
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realtycheck.cn realtycheck.cnbc.com. a terrible winter here. the east coast battles snow, a major drought out west having a devastating impact. jane wells has more from los angeles. >> what happened to the jun what is this? water falling from the sky today. not enough, but still, is the sky going to fall when it comes to inflation and food prices? one economist says -- don't have a cow. we'll talk about that, next. when you order the works you want everything. an expert ford technician knows your car's health depends on a full, complete checkup. the works. because when it comes to feeling safe behind the wheel, going the distance
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in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. welcome back to "power lunch." auto parts retailers on fire.
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advance auto parts posting better than expected profits. guiding estimate for the year above street estimates. check out o'reilly automotive, record high as well. reporting better than expected results increased share buy back program by $500 million to $4 billion and look at auto zone. going in the zone for the ride all in all a good day for the auto parts retailers overall much a green day, bill for those stocks. back to you. >> don, thank you. drought-stricken farmers in california facing drastic cutbacks in water supplies and record production losses. jane wells is live in los angeles. a rare sight you say there, jane? rain. >> reporter: yes, bill. we have been getting rain in california today. of course, we need daily downpour, at this point, but look at this u.s. drought monitor map over the last few weeks in california. over the month, red, extreme drought area grows, and now the dark red exceptional drought. the first year since they started mapping, by the way, extreme drought hitting
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california's prime marijuana growing reasons. a crop that takes a lot of water. in the central valley, reuters report the coalition estimates 500,000 of 6 million plantable, a. about 8%. will not be planted. about twice the amount not planted during the drought five years ago and fert non-farm payroll jobs tomorrow. farm payroll jobs always erratic could be reduced by over 100,000 in this state. however, then there's this intriguing analysis. david maloney, economist for the american restaurant association looks to, looked at what happens with production and inflation during california droughts especially in dairy. get this. in drought years he says growth in milk production here is actually a little higher than in non-drought year, and wholesale food inflation a little lower. more milk, less inflation in a drought. i don't get it. it makes no sense, but he says, yes. while we are in a drought and it is serious, california is the largest farm state, but "history
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suggests there is little reason for a mid-life crisis for commodity buyers like restaurants." sue? >> doesn't make sense to me either. if he's done the analysis, interesting to see if he's correct this time around. >> food for thought. >> indeed. hope you get more rain, janey. >> reporter: all right. gold prices closing now. just modest moves in the gold market in today's trading settle. down just 20 cents on the trading day. we have a fractional gain in the silver market by about 2/3 prd p % copper higher. 34r59 platinum flat on the day. how the bond market is doing with the stock market in a triple digit advance mode today. rick santelli joins us with the action from the cme. >> reporter: yes. all about an employment eve tight market. look at it, intraday chart a couple things jump out. yes, we did hit a 270, almost a
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271. back just a bit. open the chart up to mid-june of last year, there's two things you really need to notice. the double top at just shy of and slightly through 3%. that's powerful. and also if you connect the bottoms there, you can see a line why we probably held 258 settlement. low for the year thus far. look at dollar index. volatility. not recently. the ecb made one move on the chart. two day demonstrates data points. between data points, really a lot less fx volatility than last week. bill, back to you. >> rick, thank you. see you later. still to come on "power lunch," cnbc's 25. the contenders. today the list in the world of media, tech and advertising. who was overlooked? who makes the final 25?
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welcome back to "power lunch." check out shares of spirit ire oh system. major deponent booengd airbus. charges tied mainly to the boeing 787 dreamliner program and forecast 2014 earnings below analysts expectations. strock trading nearly seven times its normal volume currently down. you can see over 20-some percent. back to you. >> yikes. go to the nasdaq. sheila is there following the big movers for us. >> hey, sue. a solid bounceback at the nasdaq. off session highs, none the less, still up 1% and, in fact, it's a broad based rally we're seeing today. 85% of the nasdaq 100 ntd green now. one theme to talk about today, earnings, earnings, more earnings, completely driving the index today. coffee, and also nxpi, semiconductor company up on positive earnings news. bill, to you. >> sheila, thank you very much.
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as we all know, cnbc and sue herera celebrating 25 years here at cnbc, and to commemorate, we're honoring the top 25 leaders, rebels and icons in the world of business over the last 25 years, all week rolling through cnbc's top contenders. today we focus on media and technology. innervaters. >> julia boorstin all things immediate jahr and money from hollywood and wall street and jon fortt, resident technology guru. who on your list, jon is a shoe in and w shoo in? who is overlooked? >> the google guys, my top pick had to be stephen jobs, of course. ceo, co-founder of apple. the reason is, look, he created a product that really, several products that really changed the tech world. he managed to do a couple of
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turnarounds, and he changed the culture with itunes, the apple store, et cetera. for me, the thing is he did it multiple times. like michael jordan retiring, quarterbacking a super bowl team, and then coming back to basketball after that. as far as overlooked, founder of sap. not company that everybody is intimately familiar with, but this is the software that runs the back office of just about every huge business. it's a german company. not a lot of huge multibillion dollar european software companies. he's very important figure, hasso. particularly in europe g. point on that. julia, your shoo in? >> top pick, mark zuckerberg. looking back over the past 25 years and 25 years ago, zuckerberg wasn't even 5 years old yet. what he's accomplished in the past decade at facebook is
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impre impressive. s 1.2 billion people using facebook every month. over 750 million daily active users. over 10% of the entire world. and if you consider the fact that two-thirds of the world doesn't have access to the internet, it means that his reach and his scale is just so impressive in just a decade. my second big pick here is reed hastings. it's worth pointing out he created an entirely new business, sending dvds through the mail. re-inventsed it with streaming video. re-invented the business again when it came to the idea of creating original kcon tonight through the web we find 0 on premium cable and a real, sort of really transformed the way that people think about corporate communications. it was his comment on facebook about netflix that had total change of the regulation about communicating material information. >> that's true. >> through social media, and
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also does conference calls in a totally different way. >> he really pulled it out of the fire. you got one more? >> i have one more at bob iger. >> how come you get three here? i thought one per customer? >> you know why i get three? the media business has been totally transformed over the past 25 years. >> and you also have a very -- very complete list. when you look at the list that you're dealing with, you have all the -- all the heavy hitters on that list. >> absolutely. bob iger made synergy not a funny annoying buzzword but that's something real. the strategy of creating, building and buying brands that are family-friendly and exploited across every single one of disney's platforms. this company continues to grow as we saw yesterday and defy even very high expectations in terms of global growth and iger has done three important for disney, pixar, marvel and lucas
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films. the fwlands will power its growth moving forward. >> and "frozen" the most amazing hit. >> so i hear. >> i watch those and julia does. loved the snowman. >> impossible to narrow this to 25. we're going to try anyway. thank you, guys. see ya later. all right. the power house today, old stomping ground. l.a. bound. >> back we go. >> back we go. how much home will yours xbri the ciin the city of los angeles. and that growth? the number of analysts missed on earnings, but the reaction's overblown. why they feel that way when "power lunch" returns. [ indistinct shouting ]
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♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ welcome back to "power lunch" on the eve of a big jobs report. monster job recruiting company, reporting fourth quarter profits that beat analysts estimates and the company repurchased $46 million of its own stock in the
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quarter. those shares having a nice pop. a check on what's coming up on "street signs," over to mandy drury. >> thank you, dominic chu. the rally today, is this the eye of the storm or is the storm over j over? and on our show, saying not so fast. also, amazon has probably already taken over your shopping cart. right? now it feels like amazon might be eyeballing your living room as well. we're going to discuss that and, of course, much more, guys. tune in. top of the hour, in about 15 minutes' time from now. back to you. >> mandy, thank you. looking forward to that. meantime, shares of general motors moving higher, even though the company's latest profits dropped by 13% by missing estimates. revenues fell short. phil lebeau speaking with gm's chief financial officer. opened lower, trading higher, what's going on? >> part of the conference call
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with ceos and when you look what they said on the conference call no panic. no, hey, things are collapsing around us. it was more a case of we know we had issues in the fourth quarter and believe that the 2014 will be even better. keep in mind, gm eps for the fourth quarter, 21 cents below estimates, blaming that on a higher tax rate and cost of restructuring in europe. fourth quarter revenue, by the way, fell short of estimates. why are some on wall street still bullish about gm after the earnings report? first, a number are saying, the headline miss was overblown. also, when you look at losses in europe, they're down more than 50% in the fourth quarter and for all of 2013. and north america, the profits are surging. here's what mary bara had to say to analysts when asked during the conference call if she plans to tweak or change the direction of gm. >> there's no right or left turn. i think a real opportunity is to accelerate the, you know, from a focus perfective. it's keeping a strong customer
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focus. we've got to continue to make sure we've got the right vehicles out there, with the right quality. >> by the way, look at shares of general motors versus ford over last year, gm outperforming ford, but both down over the last couple of months roughly 12%. one thing, sue, mary barra said time and again during this conference call, i think it's resonating with analysts. she said, we have to be profitable everywhere we do business and the world. no excuses. that includes europe, includes south america, which has challenges now. she made that point very clear during the conference call. >> they're responding to it today, phil. thank you so much. >> you bet. time for the "powerhouse." this thursday, beautiful los angeles real estate where bill and i grew up. greg bend sir a realtor with berkshire hathaway home services california properties. nice to have you with us. >> great to be here. >> start with market stats for single family homes in los angeles county. in january, the median sales price was $467,500.
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that's up over 30% year over year. the month's supply stands at about 2.5 months. a 21% decline over year, year over year. properties on the market an average of 59 days and in january, 2,420 properties sold. so you've got the stats, the bakes of the market. let's take a look at our first listing. it is in beautiful glendale. the list price is $545,000. a two bedroom 1.5 bath home. right at the bottom of the foothills there, a beautiful place to be. $6,800 in taxes and about 1,300 square feet. tell me more about the house. >> it was renovated about six years ago. the owner is a contractor. it does sit right at the base of the foothills and in an amazing school district helping keep the price high. being right next to pasadena, just beautiful up there and celebrities and other people
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just want to be there and it's convenient to be in l.a. but away, is that typical price for a starter home in that area? two bedroom, one bath, kind of like a starter home? although the kitchen looks beautiful. >> yeah. we actually have a list of about 20 people that want to get in and see this property and place offers on it. so it's very well accepted. >> all right. second listing. 4328 elliott avenue in sherman oaks list price $849,000. a three bedroom, three bath square footage about 1,752. taxes $10,600. tell me more about the house. >> well, the house actually between the time we selected it and now it is currently in escrow, which is wonderful. it is accepting backup offers, and sherman oaks being south of the boulevard, nestleed up into the santa monica mountains. again, very convenient for thaer convenient to go through the canyons and be in the city side. >> full price or above? >> we don't know at the moment.
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it's currently in escrow and we won't know that information. it is accepting backup offers. it you like it, contact us, we'll get you an offer in on it. >> beautiful long beach and our power house of the week. 37th place in long beach. 1.625, price tag, $1 million 625,000. six bedrooms, three bathrooms, $20,300 in taxes. 4,500 square feet. looks like a beautiful spanish colonial? >> it's gorgeous. you can look at the photos and see the detail of it. the picture window in the family room is about 15 feet. has the ocean view. it sits in a gated -- basically it's own gated small street. three homes right there on the street at the ocean. it's historical being from the 1930s. it has history with the architect and the owner that originally built it, helped build up long beach proper along
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with his son, and they were part of howard hughes and movies and oil. so really -- a his trinkts quite special. yeah, quite special. >> you're making me homesick. got to leave it there. >> i love it. thanks, sue. >> over to you. >> i don't know what's seen more booms and busts? wall street or california real estate. and ceo shaking things up starting in the office steph. plus a big game-changing event for consumers. and is congress turning in to reality television? we have the power rundown coming up next. nspires 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
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welcome back to "power lunch." check out linked inn. stocks higher after the closing bell. the street's looking for 38 cents a share on sales of $438 million. those numbers soon as released plus instant market reaction on "closing bell" 4:00 p.m. eastern. plus or minus 10% moving linked inn, back to you. >> they were right. got a huge move. >> a 15% either wine twitter
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last night. what we saw. see how it goes this afternoon. >> we'll have it for you on "closing bell" -- plug, plug, plug. >> you're entitled. time for the power rundown. sue and dominic with me. and already big changes at microsoft by moving a real desk into the corner office unlike his predecessor steve ballmer. seems to be rolling up his sleeves? >> got a lot to do. a lot to accomplish and i think, when we saw that rally when steve ballmer said he was stepping down, when you see rally in a stock, it's an indication the market wants change and maybe one of the way, i don't know how you feel, dom, one of the ways you institute change, doing something dramatically different than your predecessor. >> he wants to make a mark on microsoft and tweeted after he got the job that he was going to tweet more often. so something i'm following on
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twitter right now. can't wait to see wa he tweets in terms of his job as ceo of microsoft, satya nadella. >> i suspect satya -- she mohe e of a tech guy from those ranks. i suspect he'll learn sales technique quicker. >> he has to. >> number two, soda wars. coca-cola buys a state in green mountain in hopes of moving in soda streams at-home beverages. who wins and loses in the latest soda -- >> only reason he had a job, people were who lazy to get up and change the record themselves. many more ways to listen to music today, but people still listen to the radio. people are still going to want to go buy a can of coke, i think. >> i think so, too. what's the whole point, in my book, of getting this newfangled contraption? i'm trying to get my kids to drink less of that stuff and drink more water, and, or, you know, perrier or something like
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that, without the flavoring and without the sugar. >> looks like a lot of work, dom. >> here's the thing. the best business america arguably in the world throughout history have been the ones able to adapt to changing environments both in the marketplace and in the economy overall. with coca-cola, pepsico, all of these companies, soda it stream, green mountain, this is the next evolution, if you will. somehow they'll find a way to make money. >> the only way i would do that, use scarlett johansson in their commercials. finally, running for congress. clay aiken running for congress. the latest b-lister hoping to this big in washington-area politics. are we doomed? it's fought the first time an entertain hear run for office. >> absolutely it isn't, but -- you know -- i don't know. congress has been so dysfunctional, i -- >> what typically happens is, when you ask what the -- his platform is, often with a celebrity, dom, the celebrity is the platform, many times.
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>> celebrity is. i will say this, though. i remember through the years you had jack kemp, stephen largent, heath, star quarterback, university of tennessee, all ran successfully for some office capacity. in that way you have leadership skills in the world of sports. i'm not how i feel about a straight actor. hey, and schwarzenegger did a deeszant day in california and others as well. who knows? >> yes. and and i'm reminded, fred, gofer from "the love boat" ran for office. was successful as well. clay aiken has run charitable foundations before his "american idol" days. he has some background. >> if he can get something done in washington, more power to him. and more on "power lunch" after this.
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now, access live cnbc tv with your bare hands. on your ipad, iphone, it's an app, it's video, it's cnbc tv live and on demand, online and away! all right. the markets holding on to most of its gain. not all of it now. off the highs a little bit, but still up a solid 138 points on the dow. the s&p is up just under a percent. 16 1/3 points and nasdaq up just under a percent. everybody's um almost a full percent across the board. >> not has to ford winners. two, 52-week highs. o'reilly auto and vulcan high up 8-plu 8-plus%. and up 19% today, akamai.
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o'reilly and vulcan. three winners. tonight, on "closing bell," how they make money in a time of obamacare. >> see you on "nightly business report". >> yes. >> you're a busy guy. >> i am. >> thanks for spending time with me. >> that's it for "power lunch." >> "street signs," coming up right now. it is 2:00 p.m. on wall street and dude, where's my sell-off? dow having its best day of the year up by 138 points. do you know what it really wants to do today? close up 1% or more. we're not quite there yet, but, of course, still have a couple hours to go. indeed, not able to do this all year to be able to close up by 1% or more on the dow. the buzzkill though. still on pace for a third straight week of losses on the dow and the fourth straight week of losses for the s&p 500. brian? >> we all want stuff, right,
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