but basically flattish, ttishs roughly what we expect. maybe alternates better than that as bob pisani said, but who really knows. that will do it for another edition. see you when you get back here, sue. >> you got it, ty. have a great asp. requests streets signs" begins right now. ty and i will see you tome tomorrow. \s. there are a whole lot of signs out there, both good and bad, which can make it hard to know when way to turn. brian and i are he to make sense of them all. let's start with the signs, first of all, putin, 24 guy here. we just don't know how far he will push things. insider sell. cramer said yesterday the market

cannot just absorb it, there not enough cash to go around. number three is the fed-led rally. why a negative? the market is near record highs, but yell len says the economy still needs extraordinary support ichbltsds so enough of the negatives. we're going to do the positives. her last negative. the fed-led rally. janet yellen is on the case, why wouldn't the fed continue to prop up assets? the economy and jobs are improving. in fact the jolt survey show the there are 4 million open jobs right now. and market valuations, they're not stretched. price to book 2.6, i'm not saying valuation are cheap, they are not excessively stretched.

>> we have two -- first of aurt, straight down to bob pisani. which side are you leaning towards. >> i'm a glad half full guy, i believe in the markets, i believe in staying invested, but there's two things that really market. we're at a bit of ahn inflection point. here's the first thing that really matters. right now we're going to do 1.8%. this quarter we better got 2.5%. if this is below 2, we're going to have problem in the stock market. so a lot of expectations here built in. the second thing is, brian about multiples, put up the next screen, earnings will be kind of on the flat side, but ultimately, there's been the range, 3% to 6%. but what we've been seeing is a multiple expansion. brian just a few years ago we were 13 times forward earnings, then to 15, now we're at 16.

we better see some changes here. if we don't get more top line growth, we're already at the very edge of profits margins. i think they're 9%. we had better start seeing the revenues numbers come up, or -- it will be hard to argue we should get a 20-time multibalance on this market. >> i agree. that's why we're in the range. more of that in a second. bob, thank you very much. first we do have some breaking news. kayla tausche? on some regulation that was originally published last july, but now the fed, fdic and occ are publishing what is thought to be a final rule. this is here's the change after they regulators got roughly 30 comments. they basically are include repost securities into this leverage exposure for the eight biggest banks. that's going to increase the amount of so-called leveraged assets that the banks will have

to safeguard the final rule, which would be roughly coordinated with the other global rules for global banks under what's called basel-3 regulation. this is what the banks sector has waiting for. mandy and brian, back to you. >> thank you very much. >> let's get back to the markets, today for the first time in four, tech hasn't been working to well, has it seema, what's driving trades today? >> mandy, the momentum names are staging a comeback, but still down double digits. during the same time, semiconductor stocks have been on the move. intel, taiwan semiconnector and advanced microdevices, the biggest winners since early march. mpm says two reasons why chips are outperforming. second, semis are trading as

relatively attract tiv levels. plus as of late, investors have been drawn to dividend payers, get this, two thirds of chip stocks offer a dividend yield. offering a yield around 3%. mandy and brian? >> seema, thank you very much. so el it top top of the show, we laid out the big street signs. the big question, though, is how can you use this information to make some money? joining us jackablen, and chris sylvan, chief investment officer. jack, this is the part of the show that you tell me i'm wrong. >> you see read my mind. >> and the notes. >> what it is is i will say u.s. large caps, you book trading, if you look at median levels probably about 18 to 2 percentage points, however, if you look at russell 2000, i'm

going to argue they're dangerously overvalue d keep in mind, this wasn't an overall sell-off, because emerging marx were actually rallying. what that says to me is maybe investors are starting to look at valuation against. you have developed markets, reasonably priced, small caps very expensive, emerging markets pretty cheap. perhaps we're starting just to see a bit of a valuation correction going on. >> in just a second, but first of all, brian, i'm going to throw a bone here, because i believe you are firmly in his camp. >> we are. we think the cycle is midstream we're not near the end of the behaviors that you tend to see at the peak of most cycles. not a lot of speculation in the system. in fact leverage is down this time, you know, so comparing this to peak cycles back in 2007, 2008 percent, you know, the behaviors here, where we

haven't seen much cap ex spending, they don't seem like a peak to us. >> and i want to be clear, mandy, that is not my camp. i took a bit more of the hope-ium trade. >> not our personal views, but you were laying out the positive signs. >> my personal view is the dow will be flat for the year. that's part of our prediction. >> jack, let's go back to that. you heard bob pisani talk about profit mannerens and revenue growth. will we get top-line growth for most big companies this year? >> that's part of the faith-based initiative here. i think it's all about nominal gdp. if we can get the fed moving to more of a forward guidance on nominal gdp, perhaps we can get a clearer understanding. right now at around, say, 5%, we should get, say, you know 4.5, 5s% revenue growth, which means

we should get 6%, 7% price growth. the problem is, as bob mentioned. top-line growth is great, but there are some issues that could impact profitability, like if we do get higher interest rates, if we do get higher wages, that should start compressing margins. we're at peak levels, so we do need retch growth to sort of smooth all ills out. >> jack, very quickly. are you concerned about any side of selling the point that cramer brought up, or is it mainly tax related? >> i'm not worried about insider selling. that's been going on for a while. what i'm more concerned about is the flow from fewer buybacks. the fact that if buyback yield last year was 3% on top of a 2% dividend yield, we're not seeing the same amount of buybacks, as we did last year. that i think has more of an impact than the insider selling. >> all right, guys, thanks very much. chris and jack, we've got to leave it there.

by the way, producers back there, i'm going to call an audible. if i was peyton manning, i would say "omaha" can we throw up -- and follow up. jpmorgan chase, you can see turning down. higher than it was earlier today by a bit, but it has turned down on that news. watch that capital requirement news that kayla talked about. stick with us. if you near the 'tis market is going down, if you're in mandy's camp, david harold thinks there's a couple perfect stocks to invest in. and the equal pay myth. we're going to be deal in on the fuzzy numbers. ♪ [ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪

...who work with portfolio management experts, that's when expertise happens. mfs. because there is no expertise without collaboration. mfs. i'm bethand i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. back.

check out. welcome back, check out what's happening in seaworld. according to the tribune, state legislation that sought to ban captive orca whales so that seaworld failed to pass the committee earlier today. the stock like i said up to session highs. back over to you. thank you, dominic chu, nat gas is higher today, with the u.s. sitting on 92 years worth of supplies, the cries to export more n aft t gas are growing, but one powerful lobbyist hates the idea. jackie, who are we talking

about? >> good afternoon, mandy. that's exactly right. of course you have a situation in russia all eye koran that has fast-tracked the debate, and in fact the ukraine relies heavily on russia for its imports and also western europe does as well. the key here is that russia could be using energy as a very powerful bargaining tool here as the saga plays out. if the u.s. started exporting nat gas, exports say mr. putin could be disarmed. in a way he's the best advocate for exports that we've seen in quite some time. >> certainly the question of lng exports have been -- i don't know that anyone those we would see putin tube a top lobbyi, but he has emerged in getting congress's attention focused on

the geobenefits of exports for the united states. >> here in maryland, export is what they want to do. the company has department of energy approval, just waiting for the federal environmental commission to approve so they can ship it out to places like india and also japan. by adding export capability, dominion estimates it will create thousands of construction jobs, add millions in tax revenue and billions to its top line over the life of this project. the only question now is how the obama administration will move how quickly that is on some of these approvals, and also how the environmentalists will respond and if they are going to cause delays to this timeline. of course those are the things that you can't predict, but you do have an international community and industry and companies watching this very closely. mandy and brian, back to you. >> all right. thanks very much there, jackie, appreciate it.

now let us bring in our chief international correspondent michelle caruso-cabrera. earlier today she was at an event where henry kissinger spoke, and talk about ukraine. >> jackie makes this great point about natural gas being a possible way to com pat. russia faces harsher sanctions if it doesn't back down. that's from john kerry while he was testifying in front of the count today. this comes as violence is erupting. we had pro-russian demonstrators setting fires in front of the a government building. protessor clashed, about half of the area's residents are ethnic russians, kerry says they demonstrations that you see are being fomented by russia to give the country and putin a pretext to get involved. what to do about the increasing unrest in eastern ukraine led to a brawl in the ukrainian parliament. look at the screen. it started when ukraine's communist party leaders told lawmakers that the earlier

ousting of yanukovych set the precedent for the protests we just saw. in response, there was a mass fistfight that broke out. brian, as you said former secretary of state henry kissinger said european union made a very big mistake in the way they held the mistake of a very first signing of a trade deal with ukraine. >> it's amazing to me that an go e. that's end result would be to tie ukraine to europe was handled at the second or third level of the european committee. they were going to produce a political crisis here in the nature of russia's relationship to ukraine. >> he said basically you did an economic negotiation and you never considered the politics? you never considered you're going to do a deal with ukraine which is right in the sphere of

influence? of course you were going to have some result such as this. there was no chance for dpolup questions, but it would have been interesting to hear what we do now, brian. >> it would be, very cool event. thank you very much. let's bring in david harold, not just a nice guy, he's a smart guy, and run as number rink ranked mutual fund in its category. >> hello, brian. >> hello, david, hello, newman. are you selling stocks because of what is happening in ukraine? >> no, in fact, we have used some of the instability of markets in the last month or so to buy some stocks. you know, our m.o. is to look at a business, value it, cash flow streams, determine the durable of that cash flow stream and put a price on it. it's not just what happens in the next week, quarter, month or even year. we look at three, five, ten years of cash flow streams. so one short-term event causes

fear, resulting in lower share prices, often to is it's a time to look for quality and maybe add to some of the good quality names in the portfolio. >> i think it's interesting that since we're talking about emerging markets, i see over the past five years, your pot folio has fallen from 15% to just over 1%. there is one stock you like, and that is samsung electronics of south korea? >> and by the way, i want to differentiate between liking and disliking emerging markets per se and businesses listed there and valued there. we do like the impact the emerging world is going to have on global gdp growth. it's undeniable that the increases of masses into the middle and upper middle classes are quite positive. the issue is finding companies that have good corporate governance, good cash flow streams selling at low prices to take advantage of this.

>> you say that samsung is the only win that makes that criteria? >> we have a small cap sidetrack which has a few more, but in the last four, five years, there has been a wall of money that's flooded into the emerging world, thereby driving up prices far faster than these companies have created value, thus making them overvalued. it's even hard to debate whether korea is part of the emerging world, technically it is, but it's a good business, a leader in just about every one of the segments they're in. they're a leader that's really done it the hard way through good manufacturing, good r&d, and thinks far ahead. >> is credit suisse still your top holding? >> yeah, it's a top holding still, still for the same reasons. they've been dogged by some of these issues with the swiss

secrecy rules and the legal settlements, and unfortunate the issue with his capital requirements, but it is a solid financial with a good annuity-like private bank generating lots of operating free cash, and it has an investment normal earns and less than one time or estimate of future book value. it's a good quality company that we think is being tarred by the short-term regulatory issues which they will get behind. >> one of the big things, david that's capture the attention is what's going on at pimco. bill gross is a friend of the show, and i consider him a friend of mine, one of top holding is allianz, the apparently company, are you selling shares because of pimco? are you concerned about pimco?

>> we are certainly concerned about pimco to some degree. you have to put it in perspective. pimco has other products, balanced kind of equity products that have been actually getting net inflowing of money, so yes the funds that -- bus pimco on whole isn't dos as bad as a couple of their flagship products, and number two, you must consider that in our five years out estimates of allianz disearnings, they're wait out. we had projected a ping in pimco's earnings anyway, because we thought they would see some outflow. what we have seen happened, just because of cyclical reasons, but what we have seen happen with pimco, of course, is they're having issues with management

and succession planning, which these are people businesses. david, we have to leave it there. thank you very much. you know about the massive gm recall, but do you know how many of those caring will actually be fixed? we have a recall reality check. plus details behind a massive jury decision. we're talking billions, and the lawyer who won the kay is about to join us live. and we ran some data on the dow dropouts. i promise, it will surprise you.

ameriprise asked people a simple question: in retirement, will you outlive your money?

uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor can get the real answers you need. well, knowing gives you confidence. start building your confident retirement today. you've reached the age where you know how things work. this is the age of knowing what needs to be done. so why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long- term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden decrease or loss in vision or hearing.

this is the age of taking action. viagra. talk to you doctor. the three major averages were enjoying the first up day in four, but now the dow has turned slightly negative. 2.6 million cars being recalled for the faulty ignition switch, but fill le bo is why

far fewer may actually get their faults fixed, phil. >> we will start to see them going -- and being repaired. we talked to a number of dealers around the country. they are waiting for the replacement switching to arrive. by the end of the week they expect to begin those repairs. you mentioned the faulty ignition switches, chef,, saturn, a couple other models. the age of the vehicles is important, when you look at this next statistic, historically speaking, for all recalls, about 35% of the vehicles that are recalled, and this is all recalls, they never get repaired. according to car fax, 3.5 million used cars sold online annually are done so with an open recall. in other words, the vehicles until recall is not fixed. the reason why? these vehicles are on the

second, third or fourth owners and they're less likely to go to the dealership and get the repair done. >> despite the news their vehicle might be affected or even receiving an constitutional notice, many consumers don't know what to do, they may not have the time to get it taken care of or may not think it's an important as it is. >> general motors worked with r.l. polk to put out the notices, a couple months ago and sent up a follow upher, go into the dealer ship, but historically speaking, you're looking at about a third of the vehicles, they won't be fixed. >> thank you very much, phil lebeau. one beverage stock is slewly tanking today after an analyst said the soda has gone flat. >> if imitation is the greatest form of flatly, facebook must be blown away by what twitter is about to do. afghanistan, in 2009.

orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. 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. [ banker ] sydney needed some financial guidance so she could take her dream to the next level. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen.

[ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim from td ameritrade.

we hear after three months off the air, the weather channel is coming back to directv. sources telling cnbc that directv and weather channel are reaching an announcement imminent today. reportedly a small increase in fees. we have not seen weather channel on directv for nearly three months. now directv is up about 2%. >> morgan brennan, good news for customers. the dow down about three points. doesn't the dow know it's tuesday. it hasn't fallen in like centuries on tuesday. >> no street talk today. this is where we hit it nike getting a boost. stifel nicolaus making the stock

a buy, and slapping an $87 price target on it. so should you just buy it? just buy it? >> let's start talking numbers. rich, i'm going to start with you, because you are a great bun master, but also a great chartest. >> i'll tell you, consumer discretioniaries stocks, that's the worst performing sector on a year-to-day basis. nikes is the poster child for in a underperformance as you alute the to. then we sets into a sideway trading range. now, brian, we haven't had a close bud low that 200-day until yesterday. so that's your first warning sign. i respect this upgrade out of steve in the short term, but when we zoom out and look at that long-term chart, we have to

consider that nike's best days are behind it. when el see a double top like that at the tail end of a move in the stock, yes there's support of around the 50-week, but a break below there brian, could better support down around $57 at the 150-week -- >> what? 57? >> 22% down from current levels. i see about 10% up side, 22% on the down side. i don't like those odds. i would sell it to strength on any bounds. >> not an exactly wringing endorsement. is it a better picture than what the charts are seeing? >> mandy, i'm afraid not. i believe that the solid days for nike are in the past. this is a dominant well-run company. but the go-go growth days are gone. i think largely because it's lost a lot of cachet with its

youth. our kids are wearing underarmour. i think that trend will only continue to accelerate. that's why the stock has vastly performed nike. >> you didn't mention reeboks. remember the '80s? maybe not so much in america. you're looking at me strangely. no, i wore peg jeans and reeboks, i admit it, with my mull et. >> we have the photos to prove it. guys, thank you very much. be sure to check out the online edition of "talking numbers" in partnership with yahoo! finance. a jury ordering eli lilly and a pharmaceutical in japan to pay $9 billion in injuries. the man who helped get that vertebra, mark lanier, thank you very much. you're fighting for the plaintiffs heart, the drug partial had risks, i get it.

$9 billion? i don't get that. is it that excessive? >> you know, if you look at it in a captionle it is. the question for the jury was how do you punish a company. if you believe a company has intentionally destroyed documents, swept until the rug their liability, put at risk at least $10 million people. if you believe a company did that for a $20 billion profit, how do you fine them, if that's all you can do. >> agreed, mark. but are punitive damages working? vioxx, you know the vioxx case, right? >> i know it. >> go back to tobacco. we've had multibillion punitive action awards before, and clearly with this case it shows that it has not stopped companies from acting in a way that a jury finds malicious. >> yes and no. if it's worked, we don't know that, because there may be 15 companies that i haven't been able to tag. it clearly did not work for at

the present time akeda, but i would suggest that takeda will change the way they do business in the future. we tagged merck big, and its behavior has changed. you look at tobacco, i don't know that they've changed. i don't know that they have it win them to change, but brian, you make a compelling point. how else can we referee they companies if we can't at least assess a fine? >> very quickly, market, eli lilly also says it plans to contest this decision. do you think they're going to appeal? and do you think it will be successful? >> mandy, absolutely they'll appeal, and the amount will be cut down substantially. this is not an amount that will be collected. it won't go the plaintiffs, it won't go to us lawyers. all it really does is that it makes a statement that this jury was really, really ticked off off the behavior. that behavior will not be

tolerated. it will get massively reduced? how much? who knows at this point. mar mark lanier, thank you. we're going to reseal data about what happens to companies which they get booted from the dow, you think it's a bad thing, but you'll be surprised. twitter is getting a makeover. what is next on "closing bell" kelly and bill? >> a couple busy hours. earnings session is like to start off. >> but today, alcoa will post its results. alcoa chairman and ceo klaus kleinfeld will be here exclusively. also facebook shares are down more than 16% just this past month, but is this free fall a buying opportunity? yes, you knew we were going to get to a stock brawl on

facebook. we'll do that. and one entrepreneur who's trying to get detroit moving again, by launches his own private bus line. i love this story. >> all of that at the top of the hour. we'll see you on "closing bell." 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... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. life's an adventure and it always has been. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right.

you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than 4 hours. if you have any sudden decrease or loss in hearing or vision, or if you have any allergic reactions such as rash, hives, swelling of the lips, tongue or throat, or difficulty breathing or swallowing, stop taking cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. without standard leather. you are feeling exhilarated with front-wheel drive. you are feeling powerful with a 4-cylinder engine.

[ male announcer ] open your eyes... to the 6-cylinder, 8-speed lexus gs. with more standard horsepower than any of its german competitors. this is a wake-up call. ♪ this is a wake-up call. save you fifteen percent or more on car insurance.d everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have...oh boy. geico. fifteen minutes could save you fifteen percent or more on car insurance.

welcome back. we riddled you about this. we looked at stocks about recently replaced in the dow. but the non-bailout stock that is get tossed, not only are most at multiyear highs, but year to date outperforming most of the current dow component. alcoa on "closing bell" tonight, kicked out this past september is up nearly 19% year to date and some 50% since being kicked out. bank of america is at 13%. there you go, little birds leaving the next. hewlett pack and, 54%, there you go, so maybe perhaps it is good to be booted from the dow's next. we wanted to know if it was a

trend and we crunched the numbers, altria, and since become knocked out honeywell has been just under 63%. so i guess, mandy, the question is this -- is being booted out the reason they're up? probably not, but there is something more to our thesis? why don't we find out? >> let's bring with us peter boockvar, and herb greenberg is on the phone. peter, what do you think? >> there is something to it, because you know the dow jones indices will kicking out only after a long year of underperformance. therefore historically that sets you up for a period of outperformance. this all said, usually they kick out the stocks with the lower priced on an absolute basis, bring in the higher priced stocks, and then they -- >> so at the end of the day

they're ticked out because of price, herb. i think you called the technical term a has been or value stock. >> it's almost a popularity contest. that's why when companies go into an index, they often pick the companies that have just hit a trend. the momentum has been great, so i look at it and just say -- i would suspect peter would agree, it's really about the company itself, and if you get tied into the index game, you live by that game and die by that game. the reality is -- >> it would alter the doubt too much. has the dow's time come and gone? >> no, i think it's a great indicator. >> hey, did you see the dow today? it's kind of our thing. >> it still has 30 great

companies, so it is important, but no one indexes to it. but it has a simible of the u.s. >> do you think it's still relevant, herbal? >> i think it's as relevant as the media wants to make it these day. >> as the media? >> are you looking at -- what are you trying to gauge? so which is it? >> well, don't toss to us with a question, herb. you're supposed to be the one with the answer. so which one is it? >> it's a rhetorical question. the issue is that you can make what you want out of all thinks indices. they're a great way to get a gauge on the narrower the -- beyond that, you know, it's not how you should choose your

investments. >> which ones would be first on your list, peter? >> no, i wouldn't say. even the e -- alcoa is a major industrial name, but that doesn't necessarily deserve getting kicked out, so i think the index as it holds, is still reflective of the global reach. >> and vole acola is just about to kick off earnings season as wet. peter, thanks, herb, thanks for joining on the phone. still can't find a satellite. >> 9600 dial-up baud mod many. twitter, that's about 25% of the current price. they think it will benefit greatly from the shift, gere for 53% for facebook, to which i add, it better. look at that new profile page. imagine facebook, and put

twitter over the logo. you can't probably bring it to your mind's eye. a lot of people, john, are say it -- >> everybody is calling it the facebook-ification of twit irnow. i don't think -- they really need to work on engagement for people who want to read celebrity, news and that kind of content. >> if you were in charge, what would you do? >> they bought a company called cover, which does the lock screen on android phones, so ideally they can push breaking news to your phone. i think that's a bolder movie. i think they should buy a felipe-board, from normal people that just want to read and don't want to tweet. >> they want to push people to the web platform will this work? >> i don't great deal, brian,

they're happy with mobile using. >> that is why mess with it. >> it's about make it prettier, they allow the celebrity or viv to pin the top. >> i i'm not a super global celebrity. >> super suburban celebrity. >> i'm less than that. is twitter -- twitter can't become just a platform for people with a voice. >> that's right. >> right? >> and i think -- the problem is, you know, sort of regular folks, they go on it, i know friends of mine they don't know what's going on, and they leave it. >> and the number reflect that. 232 to 241. >> almost nothing. >> almost nothing. this quarter they have to put up a massive growth number. price to sales ratio is still at

12.85. compare that to facebook, or linked in, they need to drammic ically sup the revenue. >> we will get that next update on april 29th. >> coming up. if you have a hankering to trade corn or cattle or wheat futures, you can't do it. we have problems, dom chu, what's going on? >> brian, mandy, the cme group's electronic trading platform suffered an outage that affected many trades. the cme we aren't down approximately 1 a 51 p.m. for a lot of those commodities. rich nelson said this is a key time for agricultural trading systems to go down, because tomorrow is a big day, the usda monthly crop reports are due out midday tomorrow. nelson knows that corn was rising into the trading halt.

also important to note while trading on certain parts of the globe-exwere halted, trades continued, and they were to be closed in pit-type trading by the end of day. the cme platform will be fully operational and up and running by 8:00 p.m. tonight, so again just the latest on the cme outage. here's the question, do women make 77 cents for every dollar that a man earns? a bit of myth busting. >> one state where the rich could get hit with a 164% tax rate, and sadly we are not kidding. ing.ement. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental

customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. gundyes!n group is a go. not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics.

>> today the average full time working woman earns 77 sense for every dollar a man earns. for african-american women, latinos it's less. in 2014 that's an embarrassment. it's wrong. >> president obama making a big push on equal pay earlier today at the white house, but a study done found the president's own white house pays women only 91 cents for every dollar that men

make. great to have you both with us. diana, first of all to you the optics don't look great but are the optics as bad as they seem. >> no they are not. the white house report effect of minimum wage -- these reports are not comparing like to like. if you have two assistants to the president in the white house they are making the same. you have two deputy assistants to the president they are making the same. same out in the real world. two first year law associates they earn the same. two supermarket cashiers that work the same amount of time they earn the same. so you need to compare like with like and not average it >> you're saying it's apples and oranges. what do you think about this issue? do you think that what president obama is doing right now and the two executive orders while on

the table do you think he's making the right mochs? >> the steps the president took today is important for a number of reasons. first, the wage gap translates to over $11,000 loss for working families. that gap hasn't budged in a decade. whether you're talking about lawyers orca they ares in nearly every occupation women are making less. so the steps he took today are the type of steps that really will prompt employers to take action to reduce their own pay disparities. >> i'm wondering, diana, whether some of this could backfire. let's talk about those two executive orders. one of them requires federal contractors to reveal information about salaries as well as race and sex to the government. is there any potential for backfiring here or even legal action? >> well, i think there is and it says that the president is asking the labor department to develop regulations for summaries of this information.

it means just as we find out that the white house is paying 88 or 90 or 91 cents on the dollar, you'll find groups of employees in some of these companies are being paid less and the government is going to come down on top of them. if you look at exxonmobil where they have a lot of men drilling oil, women who maybe have office assistant jobs you're going to find a pay disparity there but that's not the company's fault, it's just that oil drillers have to be paid more than staff assistants, for example. so i think it will come down unfairly on those companies. it will discourage them from hiring any women at all. it will encourage them to expand operations offshore. >> obviously it's a very contentious issue but one we need to explore. thank you. >> thank you. if you think you've seen the worst tax rates already, i want to you sit down because we're going to talk about what could be a 164% tax rate. coming up.

mine was earned in korea in 1953.

afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. 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. rich new yorkers now have another reason not to die. estate tax change is supposed to lower the tax rate for the wealthy. it actually raises it. robert, nobody wants to die or pay taxes. both are inevitable. this tax rate -- makes it worse. this new tax it was supposed to be part of obama's plan to keep

new york's wealthy from leaving and going to lower tax states. this does look like tax relief on its face. the tax estate increased the threshold from $1 million to $2 million. and will go to $5 million by 2017. because of phase out of certain deductions some estates could be hit with a marginal tax rate of 164%. if you had an estate value of $2.65 million you could pay estate tax of $112. that represent as rate of over 100%. if you have a $5.5 million esstate you could be taxed $430,000 on the actionable value of $260. that's a marginal rate of 614%. the new york budget office says

it has not gone up. the tax code is so complicated you could end up with whacky things like 164% marginal rate. i hope they fix it. >> i hope they fix it as well. the dow just turned positive as well. all three indices up for the first day in four. >> i hope you live forever on the jukebox. >> that's so complicated. they can read more on cnbc.com. >> thank you. "closing bell" is next. welcome to the "closing bell". i'm kelly evans here at the new york stock exchange where the major averages are fighting to stay in the green. >> nasdaq is doing well. dow is the one struggling. nasdaq led us lower but today it's the top gainer among the major indexes. the dow itself is up only two points. >> that's right. so we got