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tv   Street Signs  CNBC  February 7, 2014 2:00pm-3:01pm EST

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upside. three winners include expedia, up 12%. 8% and change gain for nationstar mortgage and activision blizzard is up 15% on today's trading. bill? >> all on earnings on those numbers. we'll see whether this strength can continue into the close on "closing bell" at 3:00 eastern. see you then from the new york stock exchange. >> "street signs" begins now. stocks are higher on this friday even as the number of new jobs created last month was lower. or was it? what many may have been missing about that bad january jobs number. hi, everybody. hope you're having a great friday. thanks for joining us. all right. here's what else we're hitting on this packed friday on session highs for stocks. the $20 billion move stock investors did last week that is making everybody take notice. the bad news that is slamming bitcoin. why journalists in russia need
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to calm down. and a big announcement about nascar we will unveil a little later in the show. >> hello, everybody. happy friday. what a difference a day makes, especially if that day is a good day out there in the markets. the major averages are having their best two-day advance in nearly four months and the s&p is now on track to break that three-week losing streak. the other major averages have also gone positive for the week with today's gains. bonus factoid, the nasdaq may post consecutive 1% or more in gains for the very first time since december 20th and 23rd. brian? >> the jobs report headline was weak, 113,000 jobs created last month, fewer than expected. but there is much more to the report than meets the eye. our jobs expert steve liesman is here. joining us ualso, stephen gandl from "fortune" magazine. you have a fascinating article about jobs and the weather. first, steve liesman, silver linings playbook. no jennifer lawrence but we'll make do.
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the headline was negative but look at the stuff we're bringing up, labor force participation up, household survey big jump, manufacturing gains, weekly hours didn't fall. was this kind of a quietly good number despite the headline miss? >> i think there is some good stuff in it but i don't think the overall impression that i walk away with is a positive one. if there was a lot of weather in december which i still maintain there was, i would have expected a bounceback in january. we didn't see that. i guess one possibility could be that people saw the weather that was coming and didn't hire that month. it's a theoretical possibility but it's not a very strong one. when i look into the internals of the report and see retail down 13,000, i don't know what's going on with government down nearly 30,000. by the way, that's educational workers, at least half of that 30,000 loss. that has me troubled. i don't know what's wrong with the health care industry which by the way has been weak for two months in a row. i don't see the weather stuff in there and i wish i saw broader gains, so to speak, and more stuff to hang your hat on. for example, the earnings. the work week not falling is not
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enough. i would like to see it rising. >> stick around, steve, because steven gandle, we would like to bring you in on this point about the weather. you wrote a story this week asking a really interesting question. you were saying why doesn't the bls adjust the jobs number for the weather considering we are talking about it so much. >> it's not that hard to do. they collect data on it already. i was able to do it. i'm not a ph.d. economist. why can't the labor department do it. >> the outcome is significantly different, isn't it? you say weather adjusted jobs growth for december would have been plus 239,000 jobs added instead of the sad 74k we got. what would january have been? >> january would have been negative. because what i did was i looked at the number of people who say they couldn't get to work because of the weather and in december, that was a really high number. in january, it was a number lower than it has been. so you have a take-away. it shows that january number is actually much weaker than we think. >> i don't like this idea for a couple reasons.
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i brought along some charts. i think it's true but i think we are already making that adjustment. let me show you why. here's the first thing. this chart has the ten-year average of people who worked part-time instead of full-time because of the weather. there's where we were in december, well above it. there's where we were in january, which was kind of middling to high right there. it would be very difficult to use that because you see the december was way out, okay? in terms of the actual number. then i looked -- >> why do you have to have a nonvolatile number? >> my problem is what adjustment would you use in the sense if you use the average for that month, it would have been way out. >> those people are being counted. you're looking at full-time versus part-time. i was looking at the people who didn't make it to work so they wouldn't be counted. and -- >> all you have to do is be paid one day during the week to be counted as employed on the
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payroll. >> yeah. on the payroll side, it's not even one week. it's two weeks, sometimes a full month because it's a pay period, not that week. so yeah, a lot of talk about -- my point was we are spending a lot of time talking about weather. >> let me show you one other reason -- i went to look back and where do the forecasters miss? do they miss either in the winter months because of weather or do they miss on weather events, and the answer in both cases is no. i look at the top months for when they miss. may has the largest average miss followed by march, november and you got to go down to -- >> some of the best weather. >> some of the best weather. >> is there a reason for that? >> i don't know why. it's actually a very small window of like 55,000 is the average. >> bring that back up again. bring that back up again. >> this is my math on it. so may has an average miss of 72,000 over the past ten years or sorry, 13 years, and then march, november, you got to go down fourth to get to january.
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>> i will try to play mini sherlock holmes here. most of those months are 31 day months. >> could be. could be. but here's the other thing i did. i looked at the top ten weather events over that time period and they don't have a bad time. my point is the economists are already adjusting -- >> for normal weather. i think you can expect to have weather events in december and january and that's why it's more built into the expectations, whereas when you have a weather event in the other months, it's hard to adjust for it. >> i would like to point, what you're trying to say is it sounds like hey, guys, either don't put out the report if everyone is going to go well, the weather was bad so we'll ignore it. what's the point. all the people building the report anyway. >> exactly. >> those months usually get revised to a significant degree. at the end of the day, the market moves on something that's completely either inaccurate or not giving us the right picture
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of what's going on. >> it's adding noise. you have people after december coming out saying you should ignore the number. clearly you shouldn't have ignored the number because even though weather adjusting is strong but the overall picture is still now, you know, january weak. >> let's do this. let's follow the weather-adjusted number on a monthly basis. >> we will do that. it's a tale of two steves. thank you very much for joining us. take a look at this, guys. it has been a roller coaster of a weak. heck, it's been a roller coaster year for stocks. triple digit losses, triple digit gains, dominating our markets until a couple days ago. now we have triple digit gains all over again. jim paulson and steve hoff are here. we will get to jim in just a second. steve, what do you make of this roller coaster market and where do we go from here? >> we think we are ending the year higher, mandy. we kept with our forecast of
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2100 on the s&p which we put in place last year for the end of this year, right through here. we thought we were overdue for a 5% to 10% correction. things got a little ahead of themselves toward the end of last year. we sort of got that correction. i thought it would have gone lower but it seems like you're watching the tape, that the lows may already be in. if you look at a lot of the cyclical names, which are the ones we like, actually many of them corrected 8%, 9% over the last few weeks. so it's been a healthier correction than it even looks like on the averages because you had things like the sensitives going up in the s&p during this period. >> i will coin this the tom petty market. to steve's excellent point, the waiting has been the hardest part. everybody has been waiting for this. we have now got it. will the losers get lucky sometimes? are we going to end the year higher? is this a buying opportunity? >> well, i agree with steve, it is from here.
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i guess my whole thesis is we will have a really volatile year but it's roughly going to end up flat where it started. that said, i think we've gone down from where we started. i think we might go up during the year, too. we might get as high as 2,000 sometime this year. i think we might come back down to where we started the year. i think it will be kind of a frustrating year because you won't be able to time it all right. i really think that the driving force here is not the fed tapering. we have known about that since last year. it's certainly not slowed down in the emerging world. that's been going on for two years. i think it's questioning whether or not the u.s. has lost momentum. i suspect that the weeks reports, mandy talked about how we recovered the last few days, largely is not just the number today on jobs, which was good and bad, as you had said. it's also the fact that we got an ism service number that went up. we got a good adp number, a good claims number, another good domestic auto sales number this week. i think investors are settling
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down and saying economic momentum which was 5.1% real growth in the last two quarters of last year for the private sector, if it has slowed, it's not much. i'm going to take this opportunity of a 5% cheapening of the market to get back into the market where i missed maybe a big part of the move last year. >> what part? you say -- >> i think -- i think the stock market, i think there's a lot of people that didn't -- that missed a big part of the move last year and when it got going, they decided it was too high to buy and they just watched it go up. they have been waiting for a pull-back and opportunity to get in. this might be it. we might have maybe already put the lows in for this little mini swoon and are going to go higher if the economic reports stay okay. i think that's going to be the case. >> you are both pretty bullish, like bull and even bigger bull. steve, you are looking at about 2100 for your year end forecast but you also do not think the emerging market turmoil is over. are you saying the emerging
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market turmoil doesn't really have that much of an impact on the u.s. at the end of the day? >> i think at the end of the day it doesn't. as long as it doesn't extend to places like china. but china's got a terrific balance sheet. they have more money than god. i think they can work through their issues and we are still going to get decent growth out of there. some of the smaller peripheral markets are in trouble and i think that will continue, but i think there's a delinking occurring even within the emerging world and certainly between that and, say, the u.s. which is being driven mostly by domestic strength. for instance, in the manufacturing, in the jobs report today, we had pretty good jobs numbers in the manufacturing construction sectors, which has sort of been overlooked i think in the commentary about the weather. so you know, i think actually there's some really good strength in the u.s. economy. we're thinking the economy's going to be ahead of expectations through the course of this year, and i don't know about the weather but i tell you, when the cows come into the barn soaking wet, i assume it's
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raining outside. the weather has been awful. >> it has been awful. >> december and january. that's had some effect on jobs. >> this is the man who walks outside, dies and has to be thrown in an oven to be brought back to life. >> jim and steve, thank you very much for joining us. your comment about china having more money than god, unless their banking system collapses. coming up -- >> guys, whatever you do, please stop dragging my heart around. on deck, we are monitoring a serious story. hijacking situation possibly related to the olympic games in sochi. we will get the very latest on that from sochi with m.c.c. coming up. later on, the little camera with the cult following. it's got real big plans for wall street. 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.
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developing news outside the world of business. the attempted hijacking of an airplane in turkey said to be related to the olympic games. let's get right now to michelle caruso-cabrera in the olympic village in sochi. >> reporter: turkish officials say they have taken a man into custody who they say tried to hijack a plane to this city, sochi, russia, where the 2014 winter olympiad is occurring right now. in fact, the closing ceremonies have just finished. here's what we learned from the undersecretary of transportation of turkey. according to nbc news, several hours ago, there was a flight taking off from ukraine headed to istanbul.
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at one point a passenger, ukrainian, told the crew he had a bomb and wanted the plane, this one you see in the video here, diverted to sochi, russia. the crusade they would do that. they turned off the screen so no one could tell where they were going, then continued on to istanbul anyway, where they landed on the asian side of istanbul. that's where this video is from. he was taken into custody after landing. it's not clear how long that took. as they entered turkish air space, two f-16 fighter jets accompanied the plane until landing. at this point, security forces are still searching the plane and going through the luggage. they will try to i.d. the bags belonging to the suspect. they have also taken the suspect to what they say is an undisclosed location. security forces are also trying to figure out whether or not there are any accomplices on board that plane and the passengers, we are told by the undersecretary of transportation, are still on the plane, as they continue to look at the situation and try to figure out exactly what happened.
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we are told that president obama has been informed about the situation and the white house is monitoring the situation. of course, there has been great concern about security here at these winter olympics. guys, back to you. >> i know you have been there for awhile. i'm going out next friday. i was just told don't bring any liquids, nothing. not that that's any different from my normal travel routine. >> reporter: yeah. no carry-on. no liquids on the carry-on. usually you have a limit on your liquids, the sizes, how much, et cetera. now you can't bring any liquids into sochi on your carry-on. >> you stay safe. thank you very much. appreciate it. i will not be wearing that tie. that's for sure. >> in honor of the olympic games, let's talk metals. what is the best investment, gold, silver or bronze? not bronze, because we will be talking copper. that is the main metal in bronze alloy. all three are down sharply over the past year. have these commodities hit
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bottom and where should you put your money? joining us, miguel perez santella. we will go for gold. you like gold, why? >> i like gold because it's been building a base and it looks very strong here and a lot of the shorts have gotten out of the market. we see the funds are starting to take interest in getting back involved in the gold market and that's adding -- >> why? just because they're coming off a low base? >> because we are coming off a low base and also they see concerns of the global economy at large and so they are placing some hedges. >> what kind of hedges are they placing? >> buying gold. >> no, no, no. are they hedging against gold itself? >> no. i think they are buying gold. they are starting to buy gold. that's why it's able to hold. >> okay. sorry to be obnoxious about this. who is buying gold? >> well -- >> because for years and years, i don't need to tell you that all the buyers were sort of the fearmongers.
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i'm burying it in my backyard for the coming apocalypse. >> there are people who always buy gold. gold is the insurance program, the only thing that reacts when everything else fails. so people want to buy -- >> but it hasn't really reacted like a safe haven of late. >> how can you say that? there's a little bit of correction. >> your thoughts, gold, buy, sell, hold? >> buy. >> really? you, too? >> yes. i believe gold is being bought by institutions all of a sudden, we are underallocated. it's the beginning of the new year for allocations and a lot of the more underallocated, if you look at gold performance last year, 28% down while the stock market was 30% up in the popular averages so the flight of gold left the funds short. >> if you had to choose between gold, silver or copper, you would still pick copper? >> i'm picking copper this year for lots of different reasons. >> why? >> okay. number one, 40 pounds of copper
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in every car. we are looking for good car sales. i think -- >> lot of palladium in cars, too. >> the palladium is mainly used in the catalytic converter. here's something very few people know. platinum and palladium, mainly platinum, is used by the oil industry to crack crude oil into heating oil and gasoline. the recycling has been very poor. they have not been reclaiming what they have reclaimed last year. plus, there are strikes in south africa, labor problems, and so supply could be curtailed. you also had a strike in chile and that was recently settled. people, i can't imagine that they don't understand that in chile, they don't have coke machines and they certainly do, and of course, when the price of copper rose last year, while it didn't do as well as anything else, the mining industry went on strike. >> down about 5% year-to-date.
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silver and gold are up so far this year. you will go for gold. you will go for copper or bronze. we will leave it there. >> two gold bulls. almost. thank you. still ahead, go pro, going public. a little camera with the big following laying out plans to hit the street and really interesting anecdote about the ceo from josh lipton. later on, flower sales. thinking of ordering flowers for your loved one this valentine's day? you've got to see this report. ♪
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watch out. hello. we're talking about gopro. that's video of me at a track in new jersey. wide open, by the way. that was an interesting turn.
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the engine burned up. lot of fun there. but gopro is a fantastic device and millions of people are doing exactly what i did just there. doing dumb stuff and sharing it with the world that may not even want it. but guess what? it's a hell of a company. joining us is josh lipton, who by the way, i did not know this until andrea told me about an hour ago, you went to school with the now billionaire founder of gopro. tell us about him. >> yeah, that's right. nick woodman, i did go to high school with nick, menlo, class of '93. i remember nick with hair down to about his shoulders, good guy, great energy, good heart. we took somewhat different paths. he invented gopro, became a billionaire. i'm here talking to you guys. i feel like there's still time for me to turn this around. >> why you laughing at him? >> talking to us is obviously like the very different path from the billionaire. >> hey, hey, hey, hey, hey.
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you're a highly successful man. >> i appreciate that. >> if you're knocking the career, we're right there with you. we're feeling pretty good. okay. you sort of intimated long-haired guy, surfer. i'm getting the impression like little spicoli-ish. the v.w. van opens up, little smoke comes out? >> i remember nick as a very smart guy, a good guy. i couldn't be happier for him. it's an incredible company. obviously the video camera company, the small tough cameras, best known for all that very cool action footage skating, snowboarding, surfing. we're reporting, cnbc reporting they did about $1 billion in sales in 2013. they attracted some very high profile investors, fox con put $200 million to work in gopro. nick made himself a lot of money in the process. forbes reported he had a net worth of some $1.3 billion. cnbc reporting we think they will go public in q-2. what's interesting about gopro,
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you will see some criticism, couldn't anybody really move into this space. we talk a lot about wearables on this network. this is arguably the most successful wearable electronics company out there. >> there are many options. gopro has just established itself as the leader. i'm a little annoyed by it, because it used to be only us in tv that were narcissists. now it's everybody. that's depressing. josh, thank you very much. >> maybe i can put a camera on my cap when i go shopping. that's extreme sporting. on this jobs friday, we continue our series on where the jobs are. today, we will take a look at the shortage of skilled labor and how companies are looking to fill the gap with mary thompson joining us with more from the headquarters of freedman seating on the west side of chicago. what are you looking at, mary? >> reporter: you know, in its 120 years, freedman seating has gone from making seats for horse-drawn buggies to seats for buses and delivery trucks. over the last ten years, it's averaged double digit growth each year. its work force growing, too. 100 workers added last year with
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president craig freedman looking to add more skilled labor by year end. >> given the trajectory we're on right now, there is going to be at least another 15 to 20 of these positions available. >> reporter: these positions, operators of computer guided machines, are high paying. wages range from $12 to $25 an hour but jobs are still hard to fill. qualified workers are in high demand and few places train unskilled workers. one of the few is the jane adams resource corporation in chicago or jarc. the nonprofit training displaced adults, freedman's hired for years. workers like welder valerie galvin, whose skills are much needed at a company giving her a much appreciated opportunity. >> i know more about what i'm doing, you know. i can take -- go places with that. it's not like i'm stuck. i don't feel stuck anymore. >> reporter: 19-year-old torres hughes sees upside as well. he's a graduate of chicago's austin polytechnic academy.
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he works the brake press now but sees sales in his future. >> i feel like i was introduced to something that can change my life in the future as well, can really mean something to me and my family. i love what i do. >> reporter: words any employer would love to hear. for more on where the jobs are, go to cnbc.com. back to you. >> mary, thank you very much. still ahead, the latte and gamer edition of street talk plus a big announcement from nascar. you will hear it here first. plus, more than $1 billion of chocolate will be sold on valentine's day just in the united states alone. we will tell you about one thing that is leaving some candy makers with a bitter taste in their mouths. with scottrade's i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online
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fast and furious friday street talk. starbucks getting an upgrade to outperform from market perform at wells fargo following meetings with management. >> more positive of long term growth opportunities. they say tremendous potential
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for starbucks to be an international power house. their target range, they don't give a price, 87 to 89. the stock's at $74.35. do the math. >> activision blizzard trading at 20-year highs. fourth quarter results showed eps and revenue ahead of consensus. >> gaining steam, up 14.5% to $19.67. if you own it, congratulations. guidance for 2014 in line with forecasts but it's called impressive. they are pounding the table as the stock remains the top pick. target goes to 25. still $5.50 upside. the under the radar stock today. >> 11.5% gain. this company used to be known for the coinstar machines. now it's called outer wall. they own red box kiosks as well. surging on earnings. they named a former warner brothers entertainment executive to lead that red box division. stock soaring. bad news for bitcoin. the virtual currency lost nearly
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20% of its value last night after major exchange holds a withdrawal. what is next for them? joining us is sean highman. what do you make of what's going on? >> bitcoin is really crumbling once again because of really a lot of volatility that's happening, a lot of it because of rejection. rejection initially was from china but now it's rejection from apple. apple is wiping away all these bitcoin apps off the iphones and ipads so that's going away. that's a big dent. then you also have rejection from a lot of investors. there's a huge influx of withdrawal requests from bitcoin exchanges that are having just a hard time facilitating all those. so they are actually having to halt the withdrawal process to catch up to things. there's a lot of little glitches that are happening right now that are stumbling blocks. >> here's the problem. it's unregulated, very difficult to get widespread acceptance and also credibility. at the same time, if it is
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properly regulated, to what degree are the people who are currently drawn to bitcoin, the bitcoin lovers and speculators, if you like, to what degree will they reject it? >> that's the catch-22. if you want wide acceptance you have to have that regulation. that's what would open it up as a payment system, not necessarily a currency, but payment system throughout china, much of europe and have them possibly accept it. if you had the regulation, the bitcoin lovers all of a sudden will not love -- they will be haters and they won't like it anymore. you are going to kill the crowd that loves bitcoin in the first place. >> you believe bitcoin could go all the way down to 250, is that right? then what? what happens after that? >> yeah. i have an initial target of 650 but i think before it's said and done, over the weeks or months ahead, we could see it go down to 250 to $500 per bitcoin. we are in that range. the worst is still not over. >> okay. little bit of volatility ahead. thank you very much. great stuff. brian? let us now talk numbers.
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we hit a stock fundamentally and technically. today, linkedin. disappointing outlook. jeff tomasullo, pat dorsey. linkedin not given great guidance. does the guidance merit the kind of drop it's having today? >> i mean, it's clearly a very expensive stock. expectations are incredibly high. they have done a better job than really any other social networking company of monetizing that user base. the real reason is because the switching costs are incredibly high. let's imagine a facebook competitor showed up and you went over there, you might miss pictures of your neighbor's puppy that just came on board. that's not a big deal. if you left linkedin, you might miss a job offer. that's a much bigger deal. they have a much tighter control of their user base and about half the revenue comes from recruiters who find it a much faster, more efficient way to find good talent than posting boards like monster. it's a wonderful, wonderful business, very expensive right now. >> okay. very expensive right now. love your point. linkedin not really a social company, more of a revenue
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generator through the headhunters. jeff, let's look at the chart. 60 to 240, back down to where it is now. you had this three year up channel, bit of down trend for a couple months. technically, how is it looking? >> you just summed it up. it went from 60 to 250. let's put this in perspective. it's had a 20% down move after quadrupling, that's not too bad. if you look at this chart, you can see the down trend and now it's coming into some really good support. that $200 level with that line right there is really key. now the only thing i'm a little concerned about, if you go to a short term look, a daily chart, you can see it broke its 200 day moving average which is never a good thing. it hasn't broken that 200 day moving average in a very long time. so the one level i'm looking at is the $200 level. that will be key because if you break that, we can see some more downward momentum going forward. >> 200 is key then. >> absolutely. >> all right. pat and jeff, guys, thank you both very much.
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we appreciate it. have a great weekend. be sure to check out the online edition of talking numbers. you dial into the internet. it's on yahoo! finance. on deck, hipster chocolates and flower fails, the big bucks of valentine's day coming up. plus, nascar fans start your engines. a super-secret announcement you don't want to miss. first, what's coming up on "the closing bell"? >> an impressive rally today, despite the weak jobs report. is that because investors are thinking the data will force the fed to taper the taper? plus, we discuss the jobs report. and we hear from the head of one company that's hiring a lot of workers right now. he tells us what's behind his company's rapid expansion and how he's dealing with the costs of obamacare. see you at the top of the hour. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads...
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could save you fifteen percent or more on car insurance. mmmhmmm...everybody knows that. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit. geico. fifteen minutes could save you...well, you know.
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we know we're not the center of your life, but we'll do our best to help you connect to what is. welcome back, everybody. let's take a look at the shares of cocoa, up about 4% this year so far, but prices of the stuff at the store could soar this valentine's day. bad news, right? let's blame it on the hipsters,
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because their fancy taste buds are changing the chocolate market. morgan brennan, you're out there doing taste testing of your own. very tough assignment. >> reporter: very tough assignment. darned hipsters, somebody had to do it. taking a look at the cocoa prices, cocoa has been surging for the last 12 months. it's up about 30%. we are seeing this because of very strong demand, less supplies. we're looking at -- experts are expecting about 105,000 ton shortfall this year. there are two reasons we're seeing the demand really surge for chocolate. the first is emerging markets. india is actually the top place for growth for chocolate right now. the second reason is more dark chocolate. this is especially true in north america. this is going to be a big factor in valentine's day next week. americans are willing to spend more for better quality chocolate, darker the chocolate, the more the cocoa. >> are you a chocolate girls or flowers girl? >> reporter: i'm a chocolate girl. tell you what, i spent some time last week at the factory talking
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just about this, about gourmet chocolate. i ate up all that chocolate. i even got to make chocolate. it was very exciting. but this is a situation where these rising cocoa prices, this will affect the jacques torres of the world. guys like hersheys hedge their prices two years ago. this factor will be much more apparent with your gourmet chocolate makers. >> i believe he went into the chocolate business because chocolate has a longer shelf life than pastry does. thank you very much. talking of flowers and chocolate, yeah, valentine's day is just a week away. along with all of those heart shaped boxes of chocolate, americans will spend about $2 billion on valentine's day flowers. jeff rossen dug in on where the buyers are getting the most bang for their buck. >> reporter: here comes valentine's day. we are sending flowers all over the country, from illinois to
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new york and l.a. ordering from some of the biggest names in the business. 1-800-flowers. teleflora. ftd. look at their photos online. colorful, lush, fresh flowers in magnificent bloom, cascading over the vases. at 1-800-flowers, we pay for the modern embrace arrangement. price, $59.99. look at those enormous roses and lilies. >> really cool and modern. looked a lot like the picture. >> reporter: in illinois and new york, the arrangements arrived looking pretty close to the ads. but in l.a. -- >> while the ad shows eight lilies, the bouquet that showed up only has five lilies. i'm paying for eight, i don't want five. >> reporter: our results for teleflora were inconsistent, too. different in every location. we ordered the moonlight kiss bouquet. price, $54.95. a huge plume of flowers.
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but in new york, that's not what we got. >> it doesn't look as full or as beautiful as the picture, and some of these flowers are wilting. this lily has a lot of brown on it. >> reporter: that's right. some of the flowers were already dying. the ad also brags about this special vase. not so special for our producer in l.a. >> the vase it came in has major scratches all over it. >> reporter: in illinois, it's a different vase entirely. >> there's no mirror to be seen at all. >> reporter: teleflora later apologized and said it reserves the right to make substitutions. but the biggest surprise of all came from ftd. we ordered the expressions of love bouquet for $49.99. online, look, a vibrant bouquet. but in illinois, we got this. >> it looks a little sparse right now and not as tall as the picture. >> reporter: in l.a.? >> some of the flowers look a little wilted. they look a little old.
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>> reporter: at least they showed up. in new york, we waited and waited and waited. >> i would love to show you the ftd bouquet but it never arrived. >> reporter: three days later, ftd sent flowers and refunded our money. all three companies told us quality is a priority and guarantee satisfaction. refunding money or replacing flowers if a customer isn't happy. but how would you feel if you got this or this or this? >> happy valentine's day. >> jeff joins us now. i was watching that and thinking maybe the guys out there are getting their lady friends some flowers, might just want to think about getting them jewelry instead. might be safer. >> reporter: chocolate. save a few dollars on the jewelry. i know you don't want to hear that. the good news is 1-800-flowers, believe it or not, tells us that they are actually trying to fix the problem. they are working on some new technology which i think you will like. they will have the local florists actually send you a photo of the actual bouquet you are going to get before they
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deliver it so you would have to click on approve, so you actually get to see it -- they may roll it out in a few weeks. not a bad fix if it actually happens. >> that's a fantastic idea. i once actually sent my mom some flowers, it was a beautiful big bouquet of tulips on the website. when it arrived, it was basically a tub of bulbs that had barely sprouted, little green stalks. >> reporter: if i were there with you right now, i would come and bring you flowers myself. >> aw. thanks. happy valentine's day. great reporting. you barfing over there? you're just jealous. >> it was a great report. look, my vase is scratched. i want to get what i pay for, too. go to the store, then. pick it out. i don't know whether it's doorknobs in russia or scratched vases, we have become such a nation of complainers. people died at smallpox at 32 a hundred years ago. now a scratch in my $80 vase.
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>> i understand, but it's a commercial contract. you say i'm going to pay for something that you say you are going to give me and if it's completely different from what they advertised, you have every right to complain. simple as that. >> do you hayou do have every r complain, i agree. about everything, all the time. >> nation of complainers. >> not you. there are things to complain about. snapping turtle has my pinky toe. know what i mean? hot sauce in the underwear. >> shush. 1-800-flowers is down today. these are two publicly traded companies jeff mentioned in that piece, by the way. ftd companies is higher. >> not complaining but google is now the second biggest company in the s&p 500. just overtook exxonmobil earlier today. exxon relegated to three. the company that produces copious quantities of oil and petrochemicals and google. you pay for words. up next, a major nascar announcement you will only hear on "street signs." it is right after the break. [ male announcer ] legalzoom has helped start over 1 million businesses.
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all right. this is very cool. save the best for last for the week. a huge announcement right here about nascar, camping world, and phoenix. joining us on set, nascar chief marketing officer steve phelps,
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marcus limo nis. who wants to break the news. >> the big mouth, always. what we've decided is we are very focused, both cnbc "the profit," and nascar on refueling small business in america. we found the opportunity to take the phoenix race, second most viewed race behind the daytona 500 and call it the profit on cnbc 500 refueling small business in america. >> we have a sprint cup race. >> you do have a sprint cup race. >> this is just coming out. steve, let me ask you, first, what's it look -- my apologies working with marcus. are you okay? are you holding up emotionally? >> it's great. >> are you happy about -- how big of a deal -- you have the worldwide leader in business news and the worldwide leader in racing. >> marcus is a great fan of the support, a great supporter of the sport. he does so much for our sport,
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the entitlement of the camping world truck series. obviously this fantastic announcement, it should be a great race. just couldn't be more happy. >> let's go out to phoenix because i want to ask brian this. brian, how did this come about? phoenix fantastic track. notoriously difficult track. fast, flat, should be a lot of action. what do you think about the partnership? >> we really love it. marcus' show "the profit" is a family favorite at our house. what i love about he does is he goes into small businesses and not just puts the small business on a path for success, but in many cases puts the people on a path for success, and i got to tell you, small business has been really so important in the growth of nascar and so when we were able to pull all this together with marcus, it's incredibly exciting, and i think our fans will be fired up for it. >> i want to clarify something here and this is important, brian, because cnbc is involved, we do not have to wear ties to the track on sunday for the
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race, right? still wearing fan gear? >> oh, yes, yes. >> just checking in. you know how it works around here, marcus. this is a big deal. camping world truck series is one thing. stepping up now to the sprint -- it's the big time. how hard was it to make this investment? >> it wasn't a big investment. what was more important is getting the word out about small business. camping world truck series was great for me because it partners with other small businesses, and so what nascar has been great for is you got coca-cola sponsoring sprint cup and joe's pizza and we laugh about it, but there's a small opportunity for every single business in america to participate in nascar. 75 million fans, they're the most loyal fans. it's just -- >> a little rear sticker on the rear quarter panel. let's talk about diversity. phoenix, large hispanic audience out there. first african-american to win a
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race last year. the latino audience has been lacking. how do we ramp that up 134. >> well, good question. we have done a lot of different things over the past 18 months to try to bring that community to us. phoenix, great opportunity for us to talk about we brought the toyota mexico series race to phoenix last year. 18,000 people came to the stands. >> is that coming back? >> coming back this year on february 28th. on friday night. great opportunity to bring those that are in mexico that are racing in mexico and bring them to -- >> only united states race for nascar mexico. >> that's right. >> friday night, that's going to be pretty cool. >> and then to follow it up, we did a 360 around the phoenix market, both the races in february, the races in november, heavy up on advertising to get that community to come in and the results have been very good. our tv audience was up 40% on sprint cup races and on english
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language. so we're making some progress there. >> i'm sensing like a "street signs" live from phoenix friday the 28th of february. >> i'm hosting. you didn't get the memo? >> you and mandy? >> you will be. >> that's not nice. that's not nice at all. >> i won't have a tie on either. >> neither will i if i am invited. thank you very much. real pleasure. marcus, congratulations. thank you for the investment in racing. it's fantastic. brian, thank you as well very much. great stuff. hope to see you out there, guys. very cool announcement. it is the profit on cnbc 500 march 2nd sprint cup race, phoenix international raceway. >> 3:00 p.m. eastern. >> and thank you for breaking it on "street signs." >> and looking forward to joining you out there, marcus. coming up next, oil doing something it has not done all year. earned, usaa auto insurance s is often handed down from generation to generation.
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because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. hi, are we still on for tomorrow? tomorrow. quick look at the weather. nice day, beautiful tomorrow. tomorrow is full of promise. we can come back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomorrow. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron the only underarm low t treatment that can restore t levels to normal
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in about two weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer, worsening prostate symptoms, decreased sperm count, ankle, feet or body swelling, enlarged or painful breasts, problems breathing while sleeping and blood clots in the legs. common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. ask your doctor about axiron.
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there you go. >> that's what you wanted, isn't it? are you happy now? >> yeah, but i had to wait for it. and that was the hardest part. >> the whole hour. you're really not very patient at all. let's look at what crude is doing. hitting $100 a barrel today. it's actually at $99.89, but it was at $100 just a second ago. this is first time since december 30th. >> but we're not complaining. >> of course, we're not complaining. is that supposedly a good sign of the economy? >> more people driving perhaps. it will take a bite out of the lower income side. it's the biggest tax they have. it's been a good week.
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what did we learn this week? steal it from morning joe. >> what did you learn? >> that i need a six-day workweek because there's too much stuff going on. >> what i learned is last year apparently was the fourth straight year of record exports for american crafted spirits. we've had chocolate, flowers, and whiskey. home runs, americans apparently cranking it up. >> brought a real stat. >> thanks for watching, everybody. have a great weekend. "the closing bell" is next. welcome to "the closing bell." i'm kelly evans at the new york stock exchange. bill, a weak jobs report isn't stopping bulls from trying to take back control of the stock market. the dow is up 140. >> unbelievable. i'm on nightly business report again tonight. you're welcome pbs. remember that 30 point drop in the dow on monday? i don't remember it either. and with today's rally, we have a very good shot at

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