valuable as it once was. still the condos are going up with over 41,000 new units. the question now is will there be enough foreign buyers to buy that one. this penthouse was sold to a russian. >> thank you all for watching the program today. >> "closing bell" starts right now. ♪ and welcome to the closing bell. i'm kelly events here at the new york city stock exchange. >> i'm bill griffith. believe it or not, we're on track right now for the d.o.w. to have its best percentage gain in about two years and you can credit oil today. 's back above $50 a barrel. just incredible volatility. there it is in the afterhours market right now. just off the highs that were set

earlier. >> that has taken sam of the focus off europe frp the session. the analysts who we talk to and will give us their research can hardly keep up with the market's attention. for one second it's focus nd on greece, then on oil. it just seems to have attention deficit disorder. >> the d.o.w. keeps bumping up against, up against 17850. that was the high of the session of the day. we're at 847. we're three points off of that. we can't get above that number. we've hit 2060 on the s&p today and then bounced back again. those are two number to watch. >> another one to throw in the mix there is oil. we'll talk about this in a second. if it holds above the 50 mark it's going to be significant at least from a psychological point of view and a strong upward session for crude today. a big change in the chicago america tile exchange that's making electronic trading more

than norm. the company's head, terry duffy will join us to talk about it. >> twitter, this report is being considered crucial. investors want to see mobility growth and it could be very pivotal for the future of twitter's ceo as we've mentioned before. you've got linked in and others. >> the dow is 1% s&p trailing by a touch at 17 and the nasz dak having a strong session. >> let's get to the closing bell exchange and talk it out. heather hughes is with us from d.c. jo durand from united capital financial advisers. andrew from morgan family wealth

management is here with us at the new york stock exchange and our own rick santelli in chicago as well. what is going on this week? i mean you know whether it's oil or europe or the fed, earnings? this market has been buffeted left and right here. >> it's a little bit of everything. i think what people really need to understand. the action yesterday, that selloff late in the afternoon over that supposed european and greek headline. that was not a new headline. but what happens -- it didn't happen on a big volume. but what happens is when they read the headlines and see a negative story they immediately create sell orders. that's what you saw the market do yesterday. fell out of bed. not on big volumes. you could see it coming. then after people think about it, wake up this morning, there's nothing new. that's the same conversation we've been having and boom the market takes off again. like you said, 2050 we have to

hold there and then start to move higher. >> how much do you think the market has been waiting on the jobs report tomorrow? how significant is that? >> it's very significant. we want to see unemployment improve. the number we're looking for tomorrow is 230,000 in january. we will have an eye on the jobs data. consumer confidence is a little stronger. retail sales are stronger. that's helping. as we've seen within auto sales are up over 15% in january. those are helping the markets catch a bit of a rebound in february where we're now flat on the year. >> andrew we've had money managers come through here lately. some of them like the energy at these levels. they're willing to nibble and take a look at the energy stocks out there. others will say, i'm going to look at europe and maybe even japan for value in this market. you're looking at all of that right now. why? >> well, you know look the u.s. stock market has been the big winner over the past seven

years. it's about time everything reverts to the mean. international has been the big logger. as the dollar strength meant that exports coming out of europe, it helps the european companies starting to report better earnings. that's going to help european companies and therefore europe could be a better place to invest. look what's fascinating here is the stock market is flat on the year. we had a bad january, good february but everyone needs to relax. it's flat. that's it. >> if the market moves higher shaking through the events, what sector is going to propel it guard forward? >> i think you need to look at the global companies again. what yaw saw in the last couple of six weeks or so is a lot of unpredictability. dollar surging, oil plum meting and really no idea of how far it was going to go.

what you've seen is a little hint of stability that we've found a bottom and you're finding a lot manufactureore optimism in the market. the biggest event that's occurred is possibility of $600 billion being pump into the european economy much like happened here during stimulus. that is a risk minute musing event for equity investors. we have not had a 15% decline in the united states in a very long time. you might see that in europe. you might see now less risk higher markets and a very interesting time to invest. and as long as the dollar is stable, you have to be -- i've been on here now for a few months talking about europe as an interesting opportunity not just because the underlining gdp is going to surge but because the stock market will become a relatively attractive place to invest again. >> we have to dust off the conversations we had about our own markets a few years ago.

rick santelli heather mentioned about 230,000 the expectation in her office for the jobs number tomorrow. what are you days expecting? is that being discounted now for tomorrow? >> yeah, no. i'm noll hearing whisper numbers of a blowout. i'm hearing them go the other way. the variance in the nonfarm payroll number has come to a grinding halt. that's a whole other starry as to why. you're going to be on the low side of expect pigsationsationsexpectations. we need to concentrate on hours work and anything that will give aus clue on wage with respect to the unemployment rate. the story with gal lap yesterday is a good story. we've been talking about it. he kind of tried to take the easy rout to explain to it many who don't want to get in weeds. that's an ongoing story. interest rates are back into a

range. unless stocks start going down again, it's going to be problematic if you're looking from a big rally. >> hang on just one second. we're going to have terry duffy on the show. how will that change what we see behind you right now and going forward? >> not in the slightest. as a matter of fact, this pit down here is empty, this pit over here is empty. terry duffy can take credit and the shareholders for closing it. but really the decision was made by the people who who used to be in the pits years ago by not being in the pits. there's no money to be made in a 5,000 lot bid were over no light between the bid offer spread. there's no reason to have locals. but the option pits which are vibrant will continue to be vibrant and i don't think there's news there other than the fact it took them so long to consolidate the real estate that wasn't being used. >> why keep the s&p futures there? >> i want to get a job in the pits with you. >> it doesn't have a side by

side. the bigs, the s&ps don't strad on the screen and their options don't strad on the screen. >> what were you saying, heather? >> i'm going to get a job. are there any job openings in the pit. >> it's not for trading. >> if you have courage there's always jobs down here. you just have to look past the zeuss that are playing the chess game these days. >> joe, andrew kenny, what e why is it that so much of the ak tuff tiff has shifted to options and how important it is to have guys on the floor. i know i'm asking a couple of people directly involved with options. you've certainly witnessed the rapid growth in their options, no? >> i think what you're seeing is options are a way to protect without taking a lot of your capital out of where it is today. what i think you're seeing is businesses are getting more sophisticated. they're looking for ways to

protect and it's obviously a relatively cheap way when volatility has been as slow as it has been recently. you have a more sophisticated base of people. smart people out there looking to make a living and options still require a professional. it's not as simple as making a market in -- >> heather reinterrupted you -- >> it's about how much more difficult it is to put the complex transactions on the screen without having prearranged trades. i don't think it has anything to do with sophistications or who trades options today that didn't trade options ten years ago. >> heather, where are you looking to make money right now? >> well i think the cyclicals are not leading the market this yeesh. so far it's been the defensive sectors, the health care the telecomers. last year the cyclicals led the

markets higher in financials and technology. that's a little caution right now. i would stay the course and not get rattled regardless of the volatility that we've had since the beginning of the year. >> thank you everybody. we've got 50 minutes to go until the close and as mentioned, a pretty strong session across the board. there's the dow, the s&p up 10%. >> we're going to show you the s&p heat map. there's all 500 components to have s&p 500 index. most of them green today. the crazy swings in stocks and oil. >> we have a super busy show on tap here. the heads will be here. we've got tons to discuss. their earnings, the economy and one of them in particular has a bone to pick with president obama's budget proposal. >> and you may have a issue with the president planning to call for a cap on 401(k) contributions. have you heard about in? sharon eperson will be along

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rally day on wall street. but anything can happen in this last hour of trade. some of it you can attribute to a gain a bounce in oil today putting it back above $51. the dow is up 166. just off the highs of the day. we're watching the level 17,850. that seems to be the ceiling. and 2060 on the s&p is the ceiling. serve green in today's trade. >> yeah materials there held by dupont are down. >> kelly, bill, we ieng goear going to start on the pharmaceutical side. pfizer is up. you can see they're on the news as well. tl then there's michael coarse following after they gave guide dpans for the current quarter that fell below expectations. dow by 2.5%. o'reilly automotive is surging.

and o'reilly shares up by 8%. dragging other auto parts retailers up along with it. you can see auto zone making a move higher. es taye lauder and coty boeltth up sharply. dunkin' donuts missed estimate by a penny. it did, however, raise its quarterly dividend by -- to 26.5 cents from 23 cents. you ask see the brand share down by 20%. so let's get more on what's behind the number at dunken brands. chairman and ceo nike l travis, welcome back. >> good to be here. >> i want to z you, after mick

donlds and conversations we've had with other, do you think you're losing the millennials? if so what are you doing to get them back? >> we're not losing millennials. we're becoming more attractive. a good illustration of that is on the digital side of our business we reported stellar numbers for our dunken points. we achieved it slightly beat it. we also had 11 million downloads. we know that millennials like our products. they like how fast the speed of the bids. they like they can go and sit down with our wi-fi. we're actually gaining in that area. and i think one of the things that's going to happen this year, we also announced earlier this week a program we're going to bring in blenders in med mid year. we think that's going to be

attractive with millennialaillennials for the newsmoothies. >> seems like every time you come on you've got a new product. that's your job. but do you worry about what has plagued mcdonald's lately, a bloated menu too complicated for customers to figure out. are you heading in that direction as you continue to bring more an more on the menu at dunkin' donuts? >> it's a great question one i was asked several time on calls this morning. we too many 14 items off the menu in the last year. we continue to work with our franchisees to be brutal in how we cut pit. it's a concern of our franchisees. we're tackling it very aggressively and we think it's important to keep cutting it so we maintain the speed that we're famous for. >> you guys are looking

international as well i should start with california and then international. talk about the rollout plans you have and how costly these are to open new locations. >> well in california i think we're beating everyone's expectations. everyone said we would strug. struggle. we had five traditional stores open by the end of the year. we're beating our views. we've done a deal with a joint venture which is principally the philippine no fast food business. they have a great supply chain in china. we're going to do 14 stores in china. we're very enthusiastic about what we're doing in china and we also came out with a deal in mexico which is an existing franchisee who actually runs other stores in mexico.

they've got the experience in the market. inter international is going in the right direction. >> are you going to be hit by the double whammy of the higher dollars and the higher input cost i think primarily of the record prices of coffee that are going around right now? >> actually bill that's an interesting question. firstly, if i take coffee we actually increased our price to our franchisees late last year. they're not going to see a big increase this year. we're focused on the margins. when i look at commodities overall, they're very benign. they will be helpful because milk which is important on the ice cream side of the business is actually coming down. that's great for franchise margins and internationally for our margins. and in terms of dollars, virtually all of our franchisees pay us in dollars so we're not worried about the currency issues. >> we're going to talk to grub

hub coming up in the program. food delivery is all the rage these days. is dunken going to be a possible in the future? >> i'm very familiar with delivery from my days at papa johns. it's a complicated business. what i would say is we want to make things convenient for our consumers. we're testing mobile ordering in a private test here in massachusetts. we're going to expand it but not too quickly. i think by the end of the year it will be in many stores. we need to look at driverry. not just dunken but we've hads a very successful years with bas kin robins ice cream cakes. online orders has given up the business. i think ultimately ice cream delivery of some form ice cream cake delivery of some form is a possibility. >> my mom is who is a devotee of your coffee lives 60 miles from

the nearest one. i don't know if that u would be considered out of range for delivery in the future that's a little too far, kelly. but i'm pleased to hear. last time you went to a kpeter. you've clearly taken my advice to heart. >> speaking of new products that kra sount do nut. how is that how is that fairing? >> it came out as you know a couple of months ago. it's done really well. we've got new versions, new fillers. it's a platform. it's not a limited time offer. it's going to be on the menu. and the platform means we can keep it on the menu for a long time. it's going really well. my personal experience is i try one and i have to end up eating two. it's fabulous. it's really doing well. >> and i bet, listen we were talking about it. it's got a lot of buzz.

there's a product as well that's been a hit. nigel, thank you. >> thank you very much guys. >> the chairman and ceo of dunken brands. you could use a drone in the future to deliver the coffee and the donuts. >> biggie back on an amazon drone. we're heading to the close, 35 minutes left in the trading session. the dow is up 176 points, the s&p up 17. both of them right now are sitting right at critical levels that traders are watching very carefully. 26 level for the s&p. >> now earnings are coming fastary furious after the bell tonight. we've got twitter, linked in. we'll break them down with the team of experts. the president is proposing a cap on 401(k) constructions. sharon epperson with a special

report you cannot afford to his. that's still to come.

welcome back. look at markets heading into the last half-hour of the session. the dow up 189 points. better than 1% at the moment. theand nasdaq having a strong session as well. >> plenty of pushback to president obama's proposal this week. two stocks are trading lower.

>> our john harwood -- >> there's an introduction here somewhere. >> hi john something outside of the budget that the two sides might agree on. do tell us. >> that issue is trade specifically. the transpacific partnership president obama wants with a dozen nations as part of his pivot to asia. it won't be easy. republicans don't like president obama and democrats don't like trade deals. but the president's trade negotiator is mike froman told me this deal will benefit wall street and workers a lot this is course in middle class economics in terms of creating jobs, improving wages. think there's an interest on both sides to find areas that that can work together on to help strengthen the u.s. recover pi. i've heard from a lot of investors looking to determine where they should put their next factory. the u.s. will be at the center

of a web of agreements. and that makes the u.s. an incredibly attractive place for investment. >> to make it happen, froman and obama sl l have to pull off two negotiations. one with members of congress who want economically anxious voter to reelect them next year. >> thank you, john for now. meanwhile, there is another component of the president's budget that's likely to face as much resis pence. this one is a cap on 401(k) plans. sharon epperson has the details. >> there are over a dozen provisions in the president's budge that if they become law could directly impact your retirement savings. would would no longer allow you to convert after tax money into a roth account. so those earnings would no longer grow tax free. another would limit the tax benefit you get from making a contribution to an ira or 401(k)

to 28%. if you're in ahere income tax bracket, you no longer get the full deduction. the white house wants to put a cap on new contributions to any tax retirement account, iras and 401(k)s. once the combined balance hits 3 hadn't $4 million you won't be able to put in any more money. the they're intended to help middle classworkers prepare for retirement, loopholes have let some convert them into tax shelters. they estimate that that's enough to give you $210,000 a year in retirement income. but the proposal sends mixed messages. studies show that americans aren't saving enough for retirement on the other, the government wants to limit how much you can save. >> just a quick question on this as well.

are there details how about it might be inflation indexed? any sense as ho who would gather around and rally for this to past 0 most roundly against it? >> it has been proposed before. it has not passed. a lot of folks saying they do not think it would pass. but it would be -- they are looking into the inflation aspect of it as well as what would happen with earnings over time. and if there's a financial crisis what happens if a balance that was origin family at that capitols below that cap. there are still a lot of questions. >> thank you very much. with half an hour to go. we should mention, same thing whether it's this or the original plan it's the idea that people are turning them into tax shelters but you feel like you might throw out the good with the bad in that case. >> that was the intent when they before first devised in the 1980s anyway.

heading to the close. we' above the level that art wassize fieing as a krelg. 17,871. the s&p with a 20-point gain. >> t.j. rogers saying that the president's budget plan is bad for tech businesses. he'll make his case. >> a huge tidal wave of earnings heading our way. there they are twitter, linked in and the gopro leading the charge. we have the numbers right when they hit the tape coming up at the top of hour. >> the head of the cme group speaking with us. we'll talk earnings the markets and the cme group's plan to ship for human trading to electronics. stay with us.

welcome back. 200-point gain on the dow industrial average. this has been a very volatile week. we're on track for the best percentage gain for the dow this week the best weekly percentage gain believe it or not. >> that will catch most people

by surprise. >> and interestingly, i don't know if it's ironic wu bit takes us back to levels that we started the year at. we gained back what we lost in the month of january. plus oil, volatility continues there. we're back above $50 a barrel. wti crude after that huge selloff yesterday of 8%, 9%, we're up 4.7% right now. >> the next guest is a long time ceo. his firm is in the midst of a $4 million merger. >> that's not everything that's on his mind. joining us in a cnbc collusive, we welcome him back. talking about how the president's budget affects the economy and the tech market. welcome back. >> thank you. >> what issues do you take with the president's proposed budget especially as it pertains to you

industry? >> start out with the big picture. george w. bush and barack obama have been big spenders. two years from now we will have had two eight-year presidents. we've got employment problems and we're barely struggling to have them mitigate them. now we take more money out of the economy. i don't care if you take it out of the companies that don't pay their taxing i'll take it from rich guys who don't pay their share. it doesn't matter. the government is taking in more money. it's going to take money from productive use either from investment of wealthy individuals or from companies and put it to unproductive use. more cash for clunkers were more things that don't create an economy. a job and a stable company is what we need. not for taxes going to washington. >> and t.j., there's one unify unifying theme here and that's the need for more investment.

what gets people upset is looking a the the tech sector. it's cash sitting idly where it could be put to better use >> it's true. that's why, if you notice we're lowering the interest rate. it's almost zero and nothing happens. the answer is thaf eve already got a ton of cash. the only reason it matter is it makes cash available to you. there's more cash to be lent than is to be borrowed and thereafter the price goes down. the fact is that the companies don't want to use cash because they'll they'll wake up listening to an announcement that obama has a great idea he's going to cap off retirement funds, he's going to bring in offshore we's going to change rules. companies know that when i pour concrete and go hire a thousand people somewhere, i'm married. i'm married for 20 years. the next president after me is going to be married. and i can't have some cool idea

negating that investment. and therefore even if i have cash to invest i'm very worried to invest it in an environment where the rules might change. >> your point is well taken on all of that. let's face it politically we're in gridlock mode still in washington and a lot of the president's proposals are not likely to see the light of day. so the question then remains to kelly's point, what is it going to take for corporations to finally start with the capital expenditures again? that is one way that we will see job growth and we will see growth in this economy. are you guys waiting for more tax credits or what? >> well first of all, no. don't tell me about government to help me. i never make decisionens on government. i usually turn in the opposite direction and go the other way. have my customers wants to buy more stuff and then my factories will get full then i'm going to build another fact tri. right now the problem is demand.

the companies can't fulfill the demand without more investment. >> quick question as well. since these new themes, what would you do, what would you have the federal se everybodyreserve do in this moment >> i was anticipateing the question if you're a democrat bring back bill clinton when and if you're a republican bring back ronald ray gone. we have to find a democrat or a republican who understands economic principles. understand clinton's phrase year of the big government is over. the fed can't do anything. they've turned all of the knobs they're going to turn and they've averted disaster but they can't turn investment back on. investment has to turn on because people want to do it. that's not going to happen by taking more money away from them. >> let me get a business question in. the merger obviously you're looking at cost cutting that's

going to be beneficial to your bottom line. what about expansion down the road? is that where this is going to take you were was this simply just about ways of finding more efficient way to produce what you're already producing? >> the answer is both. we're two companies on the billion dollar scale. you go together. you've got one board of director one sales office in paris, france and we're going to cut cost. once we achieve a higher scale we'll be able to invest more. mean even though i'm tapped out at the investments that i want to make, at the bigger size i can afford to push investments into a bigger gain and go into areas with bigger return. so down the road it will mean more investment and more jobs. >> just a final quick question. do you support -- i'm just quickly curious -- borrowing for example for infrastructure projects in this country that might spur more demand, quote

unquote, even though most people who share our economic views are against borrowing. would that be something you supported? >> no. because borrowing is the same as taxing. you're talking money either away from somebody else wo would borrow it or take them away by force with taxes. the real question you'reing a is will government do anything. you have to look at the congressional budget office. a government job created cost about a million bucks. the obama stimulus the median average was $1 million spent to create a job. in the private sector that order is in ordinate magnitude smaller. if you look at small businesses for example, it costs $30,000 invested to create a job. every time you take money out of the economy you're destroying jobs, and you put it in the government you're creating jobs but you're creating many fewer

jobs in the government than you would have create fd you left it in the economy. big government spending takes us downhill. >> t.j. thank you. >> thanks t.j. >> curious about a host of issues there. he's the ceo of cyprus semi conductors. meanwhile, 18 minutes left. the rally continues. let's recall we were in this mode yesterday until a headline hit the tape. a 1% gain for both the s&p and the nasdaq. >> it's blockbuster day for earnings twitter, linkedin go pro, just a few. we've got a lowdown on the number to watch next. plus the head of the chicago mercantile exchange. we'll discuss plans to close nearly all floor trading for future. stay tuned.

welcome back. as bill mentioned, we've had a strong week here. with the stocks actually. they're apparently turning green for the year. it's up 1.5% today. that makes it the leader on the session. this was a board we were more familiar with at the end of last year when the markets were in

the mini mode. >> it looks familiar in the trough in january. meanwhile twitter topping the list of a huge wave of earnings. >> so come neck chu is here with the list of names and numbers chls kelly, bill, let's get you caught up on what to expect. now for twitter analysts are forecasting. a lot of attention being paid to the user group. we'll stick with the social/business networking type environment. linkedin going to earn on shals of $16 million sales. now investors will be tuning in to internet radio company pandora. earnings of 18 cents a share on sales of $277 million. then there's go pro the action camera maker expected to earn 70 cents per share on $580 million

in revenues. investors will be keeping on eye on the sales for the holiday season. and we're going to end things with some fun and games here. video games specifically activation blizzard 88 cents a share is the expectation for profits, sales $2.25 billion. if you've missed any of those, i put them all up on twitter if you want to see the numbers and double-check as always. we'll have complete team coverage of the earnings barrage after the close. >> i think it was ironic that wu were tweeting about it. >> yes, ironic. >> appreciate it. >> by the way, programming note twitter ceo will take the hot seattle on squawk on the street tomorrow. he's under huge pressure to perform. you want to miss any of that coming up. all right. as we head toward the close, not much buying pressure at this point. about $25 million in stocks to

buy going into the close but they don't need a whole lot of help today. >> there's the dow up better than 1%. buckle up that earnings flood is about to start and we've got the heads of the cme group, grub hub and a lot more joining us still ahead.

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ten minutes to go. the dow, the s&p hanging on to gains right now. as we said before we added the russell, it's the outper fomer today. it's now positive for the years, up 1.5% right now at 120837. >> joining us now for more is david dars with our very own bob pa sonny. david dars what are you watching from here? >> i'm amazed the hedged european equity index, that when you take out the euro is up 9% this year. so that's a good thing. it's valuation is cheap. you've got the monetary stimulus working and this greek drama is basically keeping prices low. that would be a place. i think you can look at mass

limited partnerships classic ones the midstream for some field. they have not gun anything this year or last year. real estate investment trust, take some money off the table kelly well. bob take some off the table >> really? >> stay with the office properties. they are not as overvalued. the range is 20% overvalued and they're about 15% overvalued. >> back to you guys. >> hang on. jobs number tomorrow. >> 232,000. >> 230 is what we're hearing right now. >> that mie be a contributor late in the day. there's no macro. we're getting oil high today. the biotechs are on fire again. if you can make sense of this good luck. down big yesterday, a little disappointments from some companies and today they're back up again. i want to point out the mid cap

index, historic high today, there's a lot of your construction naeps names, airline companies, that's going to close out at historic highs. >> david durst, do you buy big, medium or small here. >> you can add some to the small area. they have lagged. they're not egregiously as overvalue as they were a year ago. you can look at some of the mall and mid cap and add a little bit there. in the large cap i think you want some defensive names that are not too exposed that trade deficit number of 46.6 billion is showing the harmful effect of the high dollar on the profits that we bring home and on if export activity. you see that in the ism numbers. they both ticked down a little bit because our jobs are not -- >> you're going small defensive in a way? >> yes. >> in a way, jeremy segal saying

if he's going to europe,' guess toung to buy the exporters because they'll benefit from this. >> that's why the equity is mainly focused on. >> we move 10% in practically 24 hours up and down. and you can argue about whether or not that's a bottom or not. i consider that a pretty indeterminate sign. art points out that this often does happen at bottoms. this is really unprecedented action. we're getting very heavy volume in the oil. uso would be the symbol for that. >> tug of war. >> they're playing momentum trading up and down. you go with the trend and make money. who cares fit's up or down as long as you're on the right soid of the trade. >> i can think of a few. >> we'll take a break and come back with both of you and get to the closing countdown and see how we do. >> after the bell we get the numbers from twitter and

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lot of the volatility that we've seen. we had the big rally on monday and tuesday, volatility supreme on wednesday with ending with a 7-point gain. now we've got a 4% gain on the dow for these four trading days and pretty much we've gained back what we lost in january. we're somewhere we started the year out. same thing for oil. a lot of volatility there, especially yesterday. we had the huge decline on wednesday of almost 9% then we've back 4.5%. for the week we have a gain of 5% that's crazy after all of that. oil is up 5%. one more thing and all of the companies reporting earnings tonight. linkedin, go pro twitter, cme group db go prois up f 4.6%. you'll want to stick around for terry duffy's interview with

kelly to talk about their big decision announced last night to close the trading at the cme group for new york and in chicago as well. >> building on something bob pisani said a few moments ago, if oil the make a double bottom that is very bullish. it seems that it's tried to go back and penetrate just like the stock market did in 2003. and it couldn't go to a now low and that was the beginning of the run up to 2007. the transportation stocks act well. what bob pointed out is an indication of the cyclical strength in the economy. so when oil is firming and the transports do well that's a really good sign for the market. >> let's hope to continue. we've mofds. we talked yesterday you and i about the dow between 17,000 and 18,000. we ar 17,000 february 2nd the start of this week. we moved 800 points. to this thousand-point range is

continuing. the people who are most hoppy about this anybody who plays momentum, ride the momentum one way or the other. >> thanks guys. see you later. stay tuned for a lot of the earnings and don't forget tomorrow, the big jobs number. right now second hour of the closing bell with kelly evans. see you tomorrow. \s welcome to the closing bell. we're about to get a ton of earnings and avalanche. here's how we're finishing a pretty strong day. the do going out with a gain of 205 points. the strongest performer of the day is the russell 2000. pretty much enough to put them back in the black for the year. the s&p up and the nasdaq up about 48. let's get right to it now with

today's panel. joining me now, michael far, and cnbc cricketer carol roth. more on code's market earnings. is that a nub shot there? looks good. >> i'm sitting in mel's seat the second floor of the nasdaq. it's good stuff. i'm not in the chicken coup anywhere. >> is it all a twitter story? >> u i have no idea what's going to happen pu bit feels like what facebook felt a couple of years ago when everybody was calling for zuckerberg's head. same thing happening with him right now. that's the most interesting one out of the lot. >> we'll get to that and aapologize for the amount of times i'll have to interrupt as we go to the earnings. just briefly, what happened today, michael far, crude oil back up 4%.

what do you make of it? >> you know it's not really a dead cap bounce because the trend had been higher. i think we absorbed the news of the excessive inventory overnight and people were able to digest it and see it's still a supply story. >> the way yesterday it was headlines about greece at the end of the day that turned the markets almost negative. today it was pretty much shrugged off. >> there wasn't a whole lot out of greece so far. we're ready to see if the greeks are ready to roll over. and the greeks were told today by the germans no can dop. then we have to figure out what does the population do. that's how these people get elected. do we have another election? >> that's why i'm surprised there wasn't an impact on the market. >> more a and a. you had pfizer i think mma is a

huge driver of the markets in terms of making it go higher and i think you're going see it across sectors. we've seen it in health care. you're going to continue to see it in technology probably in energy. certainly going to see it in consumer. it's not just ooh question of the low interest rates. the banks are lending at attract tv multiples of cash flow. >> there are a lot of other things that can drive the market day in and day out. and contribute to higher stock market values. >> i think no question you know i think that the fed still have an an effect. we're still seeing the push of low interest rates where the fed keeps telling us -- they told us twice already this week, we will raise rates this year. that party is coming to an end. it's driving some of the mma activity. >> i'd love to know real quick. what do you tell clients? do you keep them in short duration bond funds? out of fixed income entirely?

what do you reck? >> no. because of your age and stage in life is right. i would shorten maturity and be defensive. but this is not the time to decide you need to be in the fixed markets. >> john ford with the numbers. >> it is a beat for q 4 linkedin coming at $643 million in revenue. 61 cents nongap eps, 53 was expected. now on the guidance it depends on which number you look at whether this is exciting or not. the q 1 guide, a bit light of what's expected on revenue and eps, two cents light on eps. but the full-year guide which linked linked linked linkedinis conservative, right in the midpoint of the range

that linkedin gave. for the year 2015 it was high. they were looking for $2.74. linkedinsays to expect $2.95. of course we have to listen to what linked inn has to say which has to do with recruiting and advertising and its content business which has been a driver for them in the past. >> always enjoy some of those posts that the influencers do. john thank you. the linkedinshares up a little more than 1%. let's bring inned to hazelton for his reaction to the earnings. you like linkedinbet better here? >> if you're in sales and looking for a job that's great. but people like me don't have a reason to load up linkedin that often as i do with twitter wib

instagram and facebook. i'd like to see instagram start to attract everyday consumers better get rid of the premium price and start offering features to users. >> just to be clear you're talking about linkedin and not instagram correct. >> yes. i think it needs to be addictive like instagram. >> maybe they can use for imma'ams. what do you do if you're linkedin. >> they did a good job with bringing in professionals. but better sorting news. facebook is huge for driving traffic to our website. i would like to see that there and other reasons that users should load up linkedin. don't see a reason i should go there every day. >> twitter results out. julia borston what can you tell us. >> the monthly active user number, twitter reporting 288 million.

that's less than expected. that's 4 million less than wall street had expected. that's up 4 million from the third quarter. now revenue come in at $479 million. that's stronger than expect. . wall street had been expecting $453 million. so revenue group of 97%. now earnings per share is coming in stronger than expected as well. i just want to make sure we have the exact right numbers here. but adjusted earnings per share of 12 cents double what wall street expected of 6 cents. up 2 cents per share if the year ago period. beating on the top and bottom line, with those user numbers are coming in lower than expected which is certainly a big disappointment. it looks like the guidance is light as well. ford looking guidance issues today of 440 to $450 million in

q 1 total revenue. so the company did come in stronger than expected there. now we're going to dig in here to the user numbers and try to figure out if there's any strength in those user numbers or the fact that the company just added 4 million active users over the past three months was a disappointment. >> thank you again for hitting that right away. we'll come back to twitter shares which are down 6% in just a minute. in the meantime go proearnings are out. let's get to josh lipton. >> go proreport, 99 cents on $634 million. the street was looking for 70 cents on $580 million. so a beat there on the bottom and the top. go prosaying it shichd 5.2 million cameras for the year. are they diversifying their product mix and how they're

leveraging the content for the media business that call starting at 5:00 p.m. eastern. >> josh, thank you very much. a different story after hours it looks like for pandora. those reports, john ford is back. >> the re knew came in right light. the street was looking for $277 million. pandora turns in $268 million in revenue. eps in line at 18 cents. and the guide is also weak. they were hoping for $2424.7 million in q 14. got to a range of 200 to 225 and also a less as the street was expecting. but they say they're going to shift the way they report earnings guidance. they're going to shift to reporting earnings before interest taxes deappreciation and amortization. so a shift in how they report guidance as well as the guidance being disappointed. listeners hours were up 15% in the quarter, 20% for the year.

so some might interpret that as an e sell ration of engagement on top of the misses here and that's why the stock is down gosh almost 20% now after hours. >> let's talk about this a little bit with the panel. guy, i'm going to flip it out to you first. start where you will with twitter or pandora. >> let's talk about both. twitter, the user numbers disappointed because the quarter was pretty good. now stock is trading at 29. you got to hit on all metrics. you got to wait for some more of the noise to come out. this is where people are going to have to make a decision fish or cut bait. in terms of pandora, seven days ago julia did a hit about spotify and that took pandora up to 1890 today and now obviously we're right back down to 15. i think you might do a little bargain hunting now on pandora.

you got to let the chips fall out a little more. but just based on the spotify headline this flush right flush enough people out so the stock could be for a trade pretty attractive. >> we're going to get more detail on twitter now with julia borston once again. hi. >> just to hone in more the company is saying the 228 million active users was an increase, it was a loss of 4 million net monthly active users due to change in third party integration. they're explaining why the numbers weren't stronger than expected. this quote in the release saying we're pleased to see them return to normal level in q 1. early results will be similar to what we saw in the first three quarter of 2014. that's kos lo weighing in explaining the slower q 4 user

growth saying it's already looking better so far this quarter. twitter beating on the top and bottom line. guidance coming in lighter than expects and the user numbers coming in lighter than expected. >> thank you. we should mention twitter shares have now moved upwards. they're 4% higher after hour. todd hazelton any reason why? >> it's not the same beats that facebook is. i think it's super important for most people looking for news, look at the way they're expanding advertising out to yahoo!. they're going all these different paths that are super important. monthly active users say we're getting a lower amount. moving forward we'll have more based on what twitter is. >> i'm thinking through it as you're talking. >> it's a lot bigger than the numbers show. >> i still don't understand the average monthly users went up

20% except there was a net loss of 4 million users. >> which i believe is up 240% year on year which perhaps down in the quarter prior to that. >> it's also a little early. what twitter is doing now with google surge and revamping their home page will help boost the active users down the road. >> it's addressing one of the biggest problems. >> quickly, i should mention we have ross here as well. go ahead. >> one of the biggest problems twitter has is it's already so big. and because it's its own ecosystem that's different than the way the public communicates i don't think they can grow that much bigger. they've got 300 million people. facebook has a billion people. how many people are in the world? they're all using the service. it's going tosh harder for them to add new users. now they have to monetize what they have. >> i think you have a good point

but twitter did just acquire zip dial in india. that's an untapped market where they can use sms for folks who don't have smartphones. >> they're going to have to do more acquisitions to do that. but if twitter is smart. they'll sell their business now to google. they'll get out now before -- >> i don't know if google is interested. >> it makes sense for me google and search with twitter. but it could be anybody. i think it's got to be a media company, though or a news corporation as well. get out of the business now while you're at the top. >> hang on one jekd. julie do you want to clarify that user number for snus. >> i wanted to clarify, the 288 million active users in the fourth quarter is up 20% over the prior year fourth quarter but from the third quarter to the fourth quarter there was only the net edition of 4 million new users. and twitter explains there was a loss of monthly active users due

to changes in third party integration. due to the way thaw were calculating users based on different apps that they've integrated and acquired, it would have looked better had they not done the integrations. >> we're going to keep sorting this out. we have to take a quick break. don't miss the latest from the earnings call. that's coming up at 5:00. ahead here we'll have much more on the earnings barrage. and it's the end of and error for cme who is closing the trading pits by the summer. will the future of trading become entirely electronic? cme executive chairman and president terry duffy joins us shortly. you're watching cnbc first in business world wooid. trading specialist just a tap away. what's on your mind lisa? i'd like

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welcome back. act vision is out with its quarterly raults. and dockminic chu is going to break down those numbers. >> they're down 8% in the after hour session. headline numbers with 94 cents a

share. that beats the average analyst. ref knew is slightly below, $2.2 billion. analysts wrs expecting $2.5 billion. the company also says that q one earnings per share will come in around 5 cents per share versus 18 cents which was the average. revenues at $640 million. that's well below wall street's estimates. that's accounting for most of the drop. we should say on the more positive side for their story, the other side if you will, they do say they're umg their quarterly difquarter quarterly dividend. they've also announced a share buy back program. but the negative news is weighing out here in earnings beat. a slight sales miss.

>> thank you. as mentioned their shares up 49 pshs. we've had a lot of other mooufrs. twitter, go proand linkedin. joining us here with the panel. david, what do you make of this prort report from twitter. they finally did beat. but some weakness in terms of growing the user base. >> this is a growth story still, twitter. they have a huge opportunity with unrealized real estate on the home page discovery. just recently around discovery, brands are actively engaged. i think they're doing a good job with product leadership and there's a lot of great things to come. >> do you own or invest in name? >> we do not. we sold the company last year. we did own some twitter but i'm excited about twitter's product

direction. >> you think he should continue to steer the company? >> not my position to say who should stay. they have a huge opportunity to extend in a powerful media company. >> max wolf, you agree? >> i like twitter more than the general market as a general rule. twitter has had a long hard road. they may have gotten a little aha head of themselves. that being said, i think twitter has constantly tried and convicted who are cast nating the name for not being facebook. it isn't and won't be facebook. it's les of an engagement. twitter remains the first draft of history and i think it has a big role. it's never going to be facebook. it's going to have a harder time getting huge numbers. i think the maus, while important and importantly

disappointing, are probably not the crux of this store vi. >> the billest challenge is twitter is it came public too early. they have a challenge, do they need more engaged user do they need for products or revenue? i personally think the way that you engage more users is based completely on who you follow. that is a very easy tweak that they're starting to move towards in terms of changing around the home page and trying to select particular feeds to go into your feed. and i think if you can get new users to be following the right people that's an easy fix they can actually do. the fact they're rolling out new products and fixing things in terms of revenue, the user tweak is probably the easiest one for twitter to do. >> michael farr? >> i'm looking at a company that beat by $25 million. this is hardly a bad story. i'm a long term guy.

i'm not buying and selling this stuff every day. i'm seeing a trend that's increasing, a technology that's been growing. i'm in twitter and linkedin. i'm tweeted today. >> you're engaged on an active basis. how many often do you have twitter open all during the day. media is using it and engaging it. >> quick last word. >> i don't have aurks tube account but i consume youtube videos and i think there's a huge opportunity for distribution and syndication. so the story is very early and it's going to be a long one. >> i wish we had more time. thank you so much for being here joining us this afternoon. the earning spree does continue. up next we're going to break down the cme's results and then

grubhub taking on amazon and google in on demand deliveries. coming up matt maloney here to detail that potentially profitable plan.

welcome back. what's really making heads lyons is the news that the group will close its trading. and here to talk about all of that and much more is cme group executive chairman and president

terry duffy. welcome. good to see you. >> thank you, kelly. thanks for having me. >> let's begin with this news. when i asked rick santelli who we see all the time he said the future's business has been dead for years. how difficult was it to make the decision >> the future of the business has been dead. the features business has been doing nothing for growing for years. what you're referring to is the floor trading of the futures business. which is down 1% of the average daily volume of the cme. our job is to manage risks with not create risks. and if the board would have thought that a larger percentage of this would have migrated to somewhere else we wouldn't had made a decision. >> thank you for clarifying it. >> i know. i'm sorry. >> another longtime guest here applauded the mood said it must

have been difficult by it was the right thing to do. sounds like the business will still need to involve humans for some time. why is that? >> we have the agreements that we made with the members of all of the different exchanges that we've acquired. so all of the thresholds did not meet. the customers made the decision to go down to the 1%. now part of a strategy based trade. and the population of the floor traders that create that liquidity is vibrant. they haven't come close to meeting the thresholds that were put in place 15 years ago. >> what is this going to look like 15 years from now? >> it's hard to predict. people tried to predict the trading floor demise for 20 years and it didn't happen mop now the future pits are going to

close but -- >> we're so sorry about that. the audio line isn't good. i know you have to get on a call as well. we're going to try to fix this when we come back from a quick break. terry duffty rejoining us from the cme group. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. we live in a pick and choose world. (hi!) choose (hello!) choose choose. but at bedtime? ...why settle for this? enter sleep number and the ultimate sleep number event, going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow!

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rejoining us is cme executive chairman terry duffy. i was asking you talked about the last 15 years and the changes we have seen physical trading in future space. what happens in the next 15? will we continue to see a physical need? >> first of all, let's talk about this technology issue. it's funny that we're talking about -- i'm just kidding. >> exactly. >> the next 15 years kelly, who knows. the markets are going to continue to evolve. they continue to get bigger. people have access to them all around the world. cmes in over 250 countries around the world today. our job is to provide the liquidity so people with do their transfer. that's what we're going to continue to do. i don't see that changing one bit, only going. >> how much of your current business is retail versus institutional. >> it's a smaller percentage

retail but growing every day. we've got a big push on the retail business. but traditionally as you may know it is dominantly institutionally driven. >> we watch, we observe, people tell us all the time there's a lot mf retail investors getting involved in options. how much more growth do you expect in that space generally. >> i'm looking for a lot of growth from the retail space bawl of the awareness that people have with the futures marking today. they become much more efficient. people need to do risk transfer. they need to manage their risk exposures exposures. that's what the cme group provides. just the emphasize that point, if you look at year overyear in january, four of our major asset classes are up 21%y year over year. we're seeing great growth not just from the institutional side but from the retail side as well. i imagine that's going to continue to grow on the retail

side. >> turning now to some of the corporations that rely on these instruments in order to maintain visibility on their operated earnings. do you ever expect pushback when i think about the arnltsirlines. do they rfr turn around and say wait a minute we're spending a ton of money on this derifties? >> i think they need to use the derivatives. sometimes when you hedge it's the proper way and sometimes you henl and it's not. you could short hedge or long hedge. that's the beauty of the products. if you're going to put a bet on we all know what could happen with that. people need to manage their risks properly through the hedging perspectives. >> you mentioned the growth you saw in the quarter, across a bunch of different types of contracts. what continues grow the top line. will it be organic?

>> it's up 20% year over year. it's amazing. it's a record quarter that we had here at cme. all of our asset classes are going to continue to grow. this is what wh the market is looking for. when yub look at interest rates leading the way and basically the policies has been a zero interest rate environment and you look at what's going on in europe and asia with them getting into a situation like we've had over the last few years, it's quite i mazing how people need to manage that risk. they're not going to walk away from hedging exposures because of what potentially could happen, whether it's a spike in interest rates or a spike in currency or equities or other products. >> what do you think is the biggest risk to the system as it stands right now? is it sharply higher move in interest rates? a lower one? something emslse? >> are you talking about the

overall equity market? >> the is there any kind of liquidity concern or piling in effect that you witnessed that you're worried about that keeps you up at night? >> there's always things that keep upup at night. right now you know it's all operational risks that every company has, all of the cyber issues that people have been dealing with throughout the years, whether it's sony or exchanges exchanges whether it's bank or the government. these are all different sthus that people are aware of today and you have to constantly stay on top of it. that's something we do here at cme group. >> thanks for being here this afternoon. great to see you. >> thanks kelly. >> president of the cme group. we still need humans involved in maintaining some of these connections. pink that you so much. turning gown to gopro, let's get back back out to josh. >> this company reported and

easily bested expectations. gopro saying it shipped 2.4 million cameras in the quarter. that was more of the bullish estimates they was seeing. that works out to an average of 1,000 cameras per hour in the quarter, brings the total up to 5.2 million cameras for the year. it's also interesting. what the investors want to hear is not just where you're selling cameras but where you're selling them. investors want to hear how they're expanding the footprint internationally. gopro is taking its first steps into china. you can. a lot more questions about that on the conference call which starts at 5:00 p.m. >> we're going to put the go proprietorship on the drone delivering the tea in china. >> this time we're watching shares of verzizon. it's moving high in the after

hours. but the company just announced it sold $10 billion worth of assets in florida, texas and california to frontier communications. frontier communications shares are soaring. it also sold, verizon, $5 billion worth of wireless towers outright and leased the rights to a whole slew of them to american power. ticker amt there. and then it turned around and authorized a $5 billion accelerated stock buyback program. so three big head lines, they lease and sell some rights and tower to amt and they take that money and go conduct a $5 billion accelerated share back bye program. verizon, amt, frontier shares all in focus. >> my head is spinning. thank you very much. i really appreciate it. deliver the good is the name of the game in the restaurant business. that's good news for grubhub,

announcing a new delivery deal designed to edge goobl google and amazon out of the restaurant delivery space pop here is the company's ceo matt maloney. welcome. good to see you. >> thank you. >> this is now about you guys taking over some of the delivery infrastructure. why do you want to get in on what seems like a costly business? >> first of all we had a great quarter 50% increase in revenue, 100% increase in earnings. when we look at growing from here out, it's about how can we increase the service quality. and by owning that last mile we can make sure there's very high quality standards of both food in terms of delivery and the speediness of the delivery. >> carol. >> i have to ask you. you're obviously doing a fantastic job. you're looking to expand the business model. how are you going to compete against google or anybody else who might be in that particular space? amazon is talking about coming

into the space pap what sets grubhub apart? what would you say that is? >> we have a very powerful two-sided network. and the larger that grows, the larger our sale is the more power we have to deliver better products and better service to our restaurants and our diners. and so when wu look at the acquisitions we announced today, this puts us way out in front of the on-delivery market and compared to anyone who is doing sub hour delivery currently. we're taking this and we're going to leverage the technology and the scale to make sure has we can provide the best and highest quality service to our diners and our restaurants. that's the secret sauce. >> michael? >> this huge competition in your business and in this space to acquire the user, right, for those eyeballs and clicks that we look at on the internet. how do you continue to drive and what's your strategy to increase your customer base when thisere's so much competition? >> with the network we have currently, over 30,000

restaurants, 5 million active diner, we are way out in front. we're the biggest player out there. >> how do you stay there? how do you plan to stay there with google on your heels? >> we continually invest in your user experience in the service. this action and delivery is specifically to make sure that food stays hot and gets to you faster. so that when you order on grubhub it's a better experience than ordering through the paper menu which is still the number one competitor across the board. >> matt do you find that the customers get lazier and lazier over time? so once they're used to you delivering that they say you know what this is pretty good and then they start becoming more and more engaged or lazy as i like to call it. >> i wouldn't call it lazy. i think they like convenience and more transparency and more control. a better experience. you can find all of the restaurants that deliver 0 you right now on grubhub. you can't do that with the menu

drawer. that's intelligence. >> convenience oriented. i love it. >> i'm going to call his customers lazy either. >> matt maloney is the ceo of grubhub. the to tus of wall street shifting to jobs. the vital employment report for jobs tomorrow morning. we'll find out what the expect and if the market will like what it heres. anthem hacked? that has people flocking to cnbc.com, the hot list. just ahead.

welcome back. let's begin with dominic chu who is back with an earning alert. >> we're talking about expedia. the stock is moving low tore the tune of 6%. the company reported weaker than expected fourth quarter results. this as higher bookings were unable to offset a 10% dedeadline in revenue per room per night. the stock down by about 6% almost 7% at this time. >> that's another one moving lower at this hour. the all important jobs report out tomorrow morning. they're expecting employment to dip 5.5%. but it is wages and that participation rate that most people will be focused on and that include our steve leaseman who joins us now with the panel. which matters most, do you think were tomorrow morning? >> can i offer a correction? it's 237, not 273 on the

exceptation for tomorrow. >> we're trying toob optimistic. >> that's one way to do it. if you write it on the wall it will be so. there's something in the bible about that. i'm actually a little more pessimistic than that number. my model is down around 210. and that's because of the lackluster isms that were out, the components represented something of a downshift from a prior month. the wages number is going to be key. if you remember wages in december fell by 0.2% and we're looking for a 0.3% increase this time around to offset the losses in december. >> what do you think? it is going to be the payrolls number, the one that usually get auts of the attention or per our discussion yesterday are people going to be focused much deeper in the report. >> they should be focused much deeper in the report. i don't know that they will. i think the headline is the one

that always gets cited as the political talking point. the big issue is the participation, the wage rate. and i think if you look at what's going on in a broader context in this country, there are a lot of people still struggling and that is what has caused the barbell in the economy. you've got people doing well on one and not so well on the other end. michael farr do you think this report is going to beat expectations or disappoint if we don't see to momentum? >> if we come in close to though expectations, i think that's a very good number just generally in my opinion. but i talked with jim bull ladder president of the st. louis fed on tuesday of this week. he says that the structure decline in the participation rate is structural. it is not conditional. he says it's not a sign that the economy is going no one direction or the other. he says we're going to see -- he said we will see below 5% unemployment by thard quarter

2015. >> and he would say that's a real rate. his point is people are leaving the labor force because people are aging. 5% is 5%. >> it's not the boomers who are leaving. there are actually participating at a higher rate than as expected. >> steve? >> i'm sorry, what's the question? >> asking about whether people are leaving the labor force because they're aging and therefore they're retiring or as carol is saying -- >> most certainly. no. we know that for sure. we know that retirees are leaving the workforce. they've been leaving by the way since 2000 when you had the first signs of the population. it accelerated after the recession. but there's a lot of debate among economists about who else is leaving. on the one hand you seem to have some younger cohorts who are left the workforce in part because they may be getting educations or increasing their education length. and there's also some people in the heart of the working years that have left the work foster as well. >> that's the story. >> i'm not sure. i disagree that the market is

focused on a participation rate. i think the person earlier was right that it's an issue for the nation. i don't think the market tomorrow morning turns in and says what's the participation rate pap i think they want to know that number. and overall a number over 200,000 is what the market is looking for. they want to know the wage number. they don't want to see that we're in an environment of falling wage. that spooks the fed a little bit. but i don't think they wake up in the morning and look at the participation rate. >> we have to leaf it there. i was going to mention, we're going to have a lot of revisions. so the number tomorrow isn't going to be just that number but the whole year and perhaps more than a year's worth of data. >> we have charles ploszer on to react immediately at 8:00 in the morning. >> we're going to get our sleep tonight. thank you, steve. coming up health care company hacked dividends and cocaine. that's the hot list and it's next.

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welcome back. in case you missed it health insurance company anthem announcing today their website was compromised putting millions of personal data at risk.

in a store explaining why it's not just another hack is burning up cnbc.com. >> the anthem story has been tearing it up today. people very concerned because the scope of the thing. 80 million records, and they got, you know the social security numbers, a lot of i.d. information and also it's in the health industry which the fbi actually kind of warned about almost a year ago after a hospital got compromised so we're seeing the fallout from that. one silver lining. the hackers apparently didn't get the actual medical information which some experts say would have opened it up to blackmail attempts okay. give us money or we'll see you have mental illness problems. that story burned it up today. another story getting a lot of traction, jeff cox wrote up a feature on dividend stocks. everybody thought they would take a pounding because interest rates expected to go up and dividends no longer so attractive but so far they have had a strong february and are doing pretty well overall for

the past 12 months. i believe you'll have jeff on tomorrow to talk about that be a then finally cocaine. we have scientific confirmation of what a lot of us knew. concane makes you kind of stupid. it actually impairs the circuits for people to appreciate what loss is so if you're a trader or an investor and you can't recognize what loss is guess what? so there you go. my big three for you, kelly. >> thank you so much. plenty more on cnbc.com, and we'll head out to our josh lipton with more on gopro. hi josh. >> gopro filing an 8k here with news for executives. nina richardson the company's chief operating officer has tendered her resignation effective february 27th. doesn't look like there's been a replacement name or reason given so expect questions on this when the gopro conference calls in five minutes. kelly, back to you.

>> those verse that given up the after hours pop. a great week in the market and we'll see if that holds up with tomorrow's jobs numbers next. we'll be back in two. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ etta james "at last" ♪ sometimes, at last doesn't happen at first. your dad just kissed my mom. turning two worlds into one takes love. helping protect that world takes state farm. do y ou like to travel? i'm all about "free" travel babe. that's what i do. [ female announcer ] fortunately, there's an easier way, with creditcards.com. compare hundreds of cards from every major bank and find the one

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welcome back. a huge week for stocks one of the best in a while actually but

what about tomorrow? with the jobs number due, let's put it to the panel and see what everybody is watching on that friday. is it all going to be about 8:30 a.m. and the headline print, details something entirely else? >> i think it's the headline print, 230,000 something number. we get to that number i think markets will like it a lot. it shows a continued friend of jobs being added back to this economy. we're absolutely more than we were at the peak in 2007. not fabulous but this trend is good. >> even if it brings the fed in the picture but keeps the fed in the picture, keeps rate hikes on the table? >> i think the fed is in the picture. i don't think the fed has any way of getting out of picture. they want to tell you that they can, but every time the market drops they don't have the political will to stand at the sideline and let markets clear. >> i wish they did. >> could be a headline from greece overnight or ukraine. the president of france and germany claim they have a peace plan and will be in moscow and that could give you a real peace dividend pop, if people believe it if it remains real. >> geopolitics has been a

negative for so long now and that could be back on horizon. >> i'm kind of in your camp kelly. you're alluding if the jobs number isn't robust that could be a good thing for the market. raising interest rates i don't think is going to happen and even if you have something that's bad for main street it could still be good for wall street >> what about the earnings that just came out? anything there that you think will be driving this market tomorrow? twitter was up it was down. it's important but people are still trying to figure out what to make of it. >> by and large pandora was flat and linkedin and twitter and gopro really three good earnings reports overall. >> all right. >> so we're getting good earnings news. i think that's fuel and i think that's optimism for the trading tomorrow. >> consumer is obviously buying. iphones are buying and buying food because they are convenience-oriented. >> all of my linkedin and twitter. >> thanks for being here this afternoon, appreciate it. a ton to get through this hour and much more coming up on "fast money" in a few moments.

melissa lee, what's on tap? >> we'll be on the conference calls, major reversals and on reversals and our traders trading all the action. >> great stuff. >> straight over to you guys. "fast money" starts right now. live from the nasdaq market site overlooking times square traders dan nathan steve grasso, karen fineman and guy adami. the company beating estimates on the top and bottom line twitter stock down 5% right after the numbers were released but it turned around and is now up more than 8%. we've got sun trust monitoring the stock and has a buy rate on stock. gopro giving up its after-hours gains. the company announcing the chief executive officer is leaving. shares up as much as 12% after the company's profit number blew past expectations. the very latest from that and names by pandora, activism and nuance all falling on their earnings