welcome to "thwall street journal" report. i'm maria bartiromo. is it time to bail ot or buy in? what is next? so, i speak with abby joseph cohen. and a high-tech boom and the help wanted signs are out where you might not expect them. suessful startups hiring more than ust engineers. then, my conversation with director james cameron. his titanic past and why he's going to the bottom of the ocean and the ends o the eararth. ""the wall streejournal" report" starts right now. this is what is making news as we head into a knnew week on

wall street. two of america's most important and largest banks beat analysts expectations. both jpmorgan chase and wells fargo had better than expected profit and revenue numrs. jpmorgan earning $5.4 billion for the first quarter. wells fargo, 4.3 billion in earnings. earlier in the week, alcoa kicked off with a beat as well. google passed expectations and announced a two for one stock split for google. the markets rebounded on wednesday with fears easing about europe's debt t crisis. on thursday, investors put on their ray caps once again. the dow having the best day in about a month. the markets fell, though, on friday. picture this. facebook is acquiring instagram for $1 billion. ththe company has 13 employees d no earnings. and new rs and trucksold in the u.s. are getting an average of 24 miles a gallon. thaat's the highest ever and up 20% from october off 2007, the

first time the study was done. the s&p 500 is up more than 900% for the first quarter of the year. does that mean for a strong year? joining sme abby joseph cohen, goldman sachs senior u.s. investment strtrategist. >> thank you for having me >> not so great a start for the second quarter. even though we're seeing a pick p in steam in the last few days, do you still think the markets are undervalued? >> we do think the markets are undervalued. we have to keep in mind there's an awful lot of risk aversion and when investors are reminding that things may not be going swimmingly, economic questions about china or even the united states, investors do tend to pull back. >> i guess that's the cautiousness that we're seeing. abby, let's talk fundamentals. earning season under way. most analysts are looking for earnings growth. the s&p is under 100%.

what does that mean for investors? with the market as strong as it has been, i'm wondering if expectations are too high in terms of earnings. >> it's a great question, maria, from a macro perspective, our team here at goldman sachs have

that there is not a quick and simple resolution to the european problem, be it on the economy or on the financial

system or the sovereign debt situation. instead, we think there's going to be a global, gradual grinding process a we think that that's what we're seeing. the china situation is one where we think that the consensus is probably overly essimistic. while the first quarter gdp data for china were representative of a deceleration,he most recent weekly and monthly data from china show a reacceleration. so we believe that it's possible that chinese growth, particularly with regard to consumer spending and s some otr categories may prove to be above current conssensus expectations. keep in mind that the chinese monetary authorities became very concerned bout inflation a couple of years ago and they actualally have reversed thathed so over the next few months we expect t to see the benefits of that move towards more stimulus in their policy and therefore a

reacceleration in the economic growth. >> it sounds like you're not too worried about the slow down in china, then? >> that is correct. we've also seen a pickup recently in their trade data. exports have picked up because economies like the unitted stats are showing good steady growth. >> abby, great to speak with you. thank you so much. >> thank you. up next on "the wall street journal" report, the silicon alley has put upp a help wanted sign. how to get your foot in the door. tips from the hottest ceos in town. 100 years since the unsinkable "titanic" met an iceberg. film director james cameron will join me. little did i know that one week later i wasn't smoking [ male announcer along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix.

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there's a hiring boom at one new york office building signaling good times for help wanted sign. the jobs aren't for computer

geeks either. proof that we're in a start-up nation. more than 100 jobs are opened at urban site thrillist four square software developer and appointment making sitezocdoc. >> i would hire 100 people tomorrow if i could find te right people. >> they are also looki for teachers and lawyers, accountants, photographers across the country. there's so many jobs ailable. >> i went to school for literature and theater and came to new york to get discovered. what i'm bringing from my creative background is an understanding of how human beings work for training doctors every single day. we're integrating their technology with our technology. >> it's a men's lifestyle media company. we put on 100 peoplee this year at a rate of two -- i think we've actually accelerated a little bit. >> i'm looking for someone who really has a passion for the

product. and my city editors are very diverse function people. some of them have background in journalism, some of them are paralegals. >> when i was on wall street, everyone used to talk about the good old days, i want to be ini an industry whe people were more optimistic and talking about the future. joining me are the founders and ceos of zocdoc, sire rouse ss sunni and ben lerer. thanks for being on the program. >> thank you. >> tell us what is going on in terms of zocdoc, your plans for expansion. >> we help people book doctor's appointments immediately on line, where they are looking for a doctor and they can find a doctor. >> and you can actually book it and get t on the schedule? >> absolutely. you can do it 24/7, 365 days a year. when the doctor's office is

closed you can get access to healthare. >> you started the firm. how did you do that? >> well, we started 4 1/2 years o in new york and spent 2 1/2 yearars p perfectcting new york. we're trying to hire a number of cities all over the country. >> ben, let me ask you about that. 21-city adadditionss, three miln subscribers. how is your staff keeping up with your content and business and i want to hear your story, how you started the business. >> well, it's tough. hiring is definitely the number one priority. we're growing in so many different areas. it's fun but it's pretty overwhelming. >> how did you start the business? >> started it really out of the need, similar to cyrus, we were living in new york city, reading crappy guides, we thought, and want wanted to sort of bridge the gaps between t men magazinewe were reading and the local city guides and felt that having a city guide tt spokke ou lananguagage was in n and my mother and i shouldn't

read the same city guide. >> that's funny. >> exactly. >> so you're both in hiring mode. what kind of people are you looking for? cyrus, what's the kind of people you want to hire? what stands ou >> well, we have in word inur company that we use. which is humbition. we like very huck bell and ambitious people. it works well with our culture. the team tha interfaces with doctors and patientand we've had such a great success, finding people with diverse background. we have opera singers, actors, people who were literally working in grocery store that are very consuer-oriented, friendly folks and we have an insatiable appetite to hire a number of them. we are needing more people on that team. >> you know, i guess -- i'm trying to figure out what is behind all of this vibrancy and i guess you have to bieve

mobility is one of them. that'sort of the underlying trend that we're seeing so many implications of. so this week we saaw instagram being acquired by ffacebook. talk to m how important mobility is. >> i think it's more important than people know right now. $1 billion for instagram is great but what it really represents is mobile is here. you can't think about mobile as a separate rate to bill or a separate product but everything you do has to be mobile. >> yeah. i have a funny story, which is we're helping people book doctor's apointments over the internet and we got a note from ash pent that said she was so he can cited that zocdo came to her iphone because she was sitting in beded sick. she didn't want to hae to use her computer to book her doctor's appointment. the fact that she could use her

ipho, genius. people were e talkg instead of using the applications. so it's -- i agree with ben completely. it's absolely here to stay and it going to be the majority of what we do in relation to the internet in the future. >> let me ask you about some of the investors and what's the end game for you. cyrus, first. zocdoc has pretty good boldface names. microsystems, peter teal, major investor in facebook. what are the plans to go public? >> first of all, i never got ben lerer so i never got every major investor. we are putting our heads down and trying to expand nationwide. we have the rest of the country to go through. we are h hiring aggressively an so to take attention away from that is really distraction for our team right now. we are not really focused on that at all. >> and venture capal is there. venture capital is looking for opportunities and pouring money in. more than $200 billion has been raised by the tenants in your building, which i think is really funny. why do you think we're seeing

this kind of money fflow moving into technology right now, ben? >> well, i think the space is general couldn't be hotter. if you think five years ago, ten years ago when really smart, talented people left undergrad or siness school, they wanted to go to wall street. >> right. they wanted to go to goldman chs. >> they don't want to do that anymore. they want to mark zuckerberg. so do i. there are so many categories n yet disrupted by the internet and everything is going to be disrupted. so if it hasn't yet, it's coming. >> really cool stuff. goodo have you on the program. thank yoso much. >> thank you. >> congrats and st of luck, gentlemen. up next, hollywood original james cameron created the two ♪ ♪

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jack! >> it was the second highest grossing movie of all time and now "titanic" is back in theaters in a new 3-d conversion. james cameron says it makes good business sense. i spoke to the director and national geographic explorer. >> i think it's going to be resonating a hundred years from

now and well beyond that like the great tales of rome and greece. this is -- this is a story that has so many aspects of human nature in it. you know, it's this great sort of moral parable about being too big to fail. these guys that were inhe biggest moving object ever built in human history up to that time and they sale it into a known ice field despite warnings on a moonless night, crash it into an iceberg and kill 1500 plus people. >> there's so much fascination about this wreck, memorabilia expeditions, several large auctions of items retrieved from the spot. some say the ship should be left alone. what do you think? >> i believe the actual wreck, the bow section and stern section, which are so iconic -- and i've been down there on 33 separate dives photographing it.

i know how hadn'ting and memorable it is. i don't believe that should be cut up or an attempt to be brought to the surface.. but the artifacts that are scattered, like the contents of a pinata when the ship broke in half across the b bottom mud, i think bringing those back and putting them in these traveling exhibit shows is a good way for people to feel connected to theshuman stories. you know, when y you see a forkr a letter that was in somebody's wallet or, you ow, eyeglasses, it connects you to who those people were that were on that ship. it makes the history seem alive. >> it really do. it's chilling, acally. let's talk about titanic 3-d in theaters. it took some $3 million for the remaking of the film. >> we have to look at which film

merits it and which film doesn't. the lion kiing was a successful re-release in 3-d. so was star wars. now "tititanic" is doing very wl around the world. we know that a certain type of film that has been very popular in the past can come back to the theaters a have a second life. >> so "avatar" made $2 billion worldwide. how did the changes in technology excite you as a story teller? are yoyou concerned about makin films bigger and bigger drawing in audience to pay premium ticket prices? >> i think you have to keep up. you have to keep up with the audience's expectation. we haven't gone as far as s we have to go in making the image special in theater. we can go to higher resolution, higher frame rates and we can always increase the light levels as well. i think that's one of the downfalls of 3-d right now in a lot of cinemas, it just gets

dark when you put the dark glass on. now, the exhibitionist community is realizing that they are stepping back from the 3-d and they have to up their game if they are oing to charge a premium ticket price. >> you just emerged from the ocean's deepest spot. it hasn't been visited in more than 50 years. you're the only person who has done this solo. >> right. >> what did you see in the marianne trench? >> i actually dug challenger deep and the deepest dive was 35,750 feet approximately. and what i was struck by was the absolute sense of des sole lags and a sense of aliennessnd removed from our world. but eve there in this place where the pressure is so intense

that it could crush steel, it could crush titanium, you still find life and there were these little creatures swimming around the sub. so, you know, in an age where we think exploration is sort of done on planet earth and you can google anyplace on the surface of the planet, there's actually this huge unexplored frontier down therend the geologists are actually very interested because these deep trenches are formed by subducks process. one plte going over another. and this is where the enormously tsunamis are beinggened, by the geological activity at the trenches. >> my thanks to jajames cameron up next, we'll take a look at the news for this upcoming week that will have an imppact n yr week. back in a moment.

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for more orn our show and our guests check out wsjr daut cnbc dotcom. look for@maria bartiromo. look at the stories for the week ahead. earnings season really takes off this week. we will get first quarter reports from citigroup, goldman sachs, bank of america, as well as coca-cola, microsoft,t, johnn & johnson, cdonald's, ibm, and

general electric, among others. retail sales will be released on monday. on tuesday the 17th, this the deadline to file your 2011 income taxes. we'll get the total number of residential u units that began construction in the last month. then on thursday, the nation's realtors will report on existing homes sold. that will do it r us today. thanks for being with me. next week, we're getting all wet on earth day about the discussion of the chick shock waves hitting the water. keep it right here where wall street meets main street. have a great week, everybody.