i'm melissa lee. see you back here next friday. "money in motion" is up after this next break. úú]úÑ

live from the nasdaq market site the world's largest equity options exchange, i'm melissa lee. investors call. in the green in near multi-year highs as the u.s. finally free of europe? let's get in the money now. dan, are you convinced that perhaps this three-year anniversary of the bull market is not a marker but is going to mark continuation of this run? >> feels like it. the s&p has outperformed -- at least it did this week in a week that saw a lot of volatility in emerging markets and yoourm. just a few points away from those 52-week highs. to me the u.s. is being viewed as a safe haven. when you talk about this discretionary stuff. then when you talk about the u.s. banks a flight to quality believe it or not. i can't believe we're saying that. if you talk about the area we've been in. people want to be invested in equities. >> do you buy that right now? >> certainly you have some concern about oil prices. getting near 110 a barrel. the real concern is to take a look. compare oil to copper. those things tend to track each other. it's more of a demand driven rally. and that'

i'm melissa lee. go to our website for more opti option action web web. see you back here next friday. "money in motion" is up after this next break.

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i'm melissa lee. "money in motion" is up next. don't go anywhere.

. >> live from the nasdaq market site, the largest equity options exchange for melissa lee. these are the traders here in times square. instant riches? start buying stocks. the best quarter in 14 years. the way it began, up. the goal is clear, my friends. find stocks and options that can make you more in the next quarter. let's get into money and find out how sears and bank of america is working s. this a recover or speculation? >> you mentioned bank of america and the way the banks got sold. they started working and that was a bit of a recovery play. the other names like net mix and apple and the things, i think that's kind of bubbly when you consider the market caps gained. the fundamentals haven't changed a lot. feels like a bubble. >> he is saying a great point. this is a company that they supposedly are buying and will treat as a private equity investment. they need to make an investment. it's got a big shareholder controlling the float. then take a look at netflix. that looked like a broken model with a bounce back. i don't know that that recovered. apple is a differen

. >>> live from the nasdaq market site, i'm in for melissa lee. these are the traders in times square. we want to talk march madness about the numbers. s&p over 1300. nasdaq over 3,000. but there is only one number we're watching. that's 600. that's what apple touched this week. what does this mean for the market? let's get in the money to find out. i mean, that's the craziest thing here is the market wouldn't be up as much as it is up without apple. you've got to talk about it. >> it's absolutely amazing. talk about the largest market cap. dan was saying earlier nobody cares about the whole numbers and the s&p or the whole numbers in the dow. they only care about the whole numbers in apple. 300, 400, 500, and now 600. the truth is this is not just about apple, options, stock. it's really about america and how america is doing. if you take a look -- if we stop looking at apple for one second and look at things like ten year rates. look at the bounce off the bottom that the stocks like consol took this week. there is a great deal of confidence. som

. >>> live from the nasdaq market site, i'm melissa lee. these are the traders here in new york times square. all three indices reverse losses and finish in the green. let's get in the money right now and find out. if you're bullish on the money you have to like the price action we have seen in the banks this week. it may -- we may have snapped our weekly gains here, mike, for the s&p 500, but banks actually did fairly accidentally. >> the banks did fairly well. you know, it's interesting to me because, of course, usually what happens if you're in a show like this, you get a situation where the market rolls over a little bit and everybody's sentiment turns negative and positive news sort of feeds on itself. i think everybody was expecting that the market was not going to go up in an unabated fashion without some kind of pull back. some of that i view to be somewhat healthy. the fact the banks were holding up well i view to be healthy. when i look at what's going on and i see implied volatilities in the options market continue to be pretty s

let's go to melissa lee with a preview. melissa? >> it's all about "hunger games" mania.uster "hunger games" out on friday. and the recent prospects and what they see in terms of mobile and mobile advertising, whether it's profitable or less profitable than online advertising. and on the outlook for global real estate, specifically the commercial real estate market. all of that and more at the top of the hour on "fast". >> all right. we'll be there in about ten minutes, melissa. >>> next, is there no stopping apple? ross westgate joins me on what his take is on an eternal play on apple. >>> time now for "going global europe". >> cutting the country's top earners will be live from westminster. meanwhile n. germany, chancellor andrea merkel's budget plan. we'll be live in berlin. >>> plus, more from investing in the middle east from the global abu dhabi. catch all of the action at cnbc headquarters. going global with your money. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find i

. >>> i'm melissa lee. will ecofriendly pickup trucks pick up. and weighs in with the wlatest on compressed natural gas as an alternative on gasoline. plus i'm sure you wonder what guy adami does in his free time. i sure do. let's see what he and spike lee has in common. this is "fast money." let's start trading. get straight to the china demand story. we were greeted with the china gdp forecast down to the lowest forecast since 2004. and this credit suisse report with it. >> the people's national congress going on in china does make for headlines. i think there kouk positive ones to get out of this. there's no question that china in the last four or five years had front loaded a lot of their commodity requirements domestic consumptions what they've always been targeting. i don't agree at all. i think the cycle continues to go forward here. they have roughly $9 billion alone just power grid in the next five years. got roughly 400 in terms of subway systems and roadways. they've got significant amount that they need to spend on the social housing.

>> i'm melissa lee, thanks for watching, see you tomorrow 9:00 a.m. for "squawk on the street," back here at 5:00 for more >> i'm jim cramer and welcome to my world. >> you need to get in. >> he's going to go out of business and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. a lot of people want to make friends. i just want to save you a little money. my job is to edge kalt you. call me at 1-800-743-cnbc. augmented again by today's terrific, amazing trading with the dow roaring 160 points. s&p climbing 1.3%. the nasdaq falling 1.78%. another unheralded recording. where are the champions, for heaven's sake? where are all of the people who are willing to call this market out for what it is? a dramatic break. a huge shift from long term bear into perhaps long term bull. we're riding the most robust bull i've seen in ages. yet, what did i hear today about this market? just today? what are people

. >> i'm melissa lee. the portfolio breaking down the unwanted that may be working in the exchange traded options you own. creating obama care with the mandate in court today. we are trading on this news. a hot topic with the "hunger games" the the stock hits three-year highs. live in the market site. get to a part of the market we don't often talk about. hitting a record today. you say no way. >> small cap said you see that was going through the list. you can't believe how much of the stock was up. that said, that's where people go and you saw it come under pressure in the early part of february. that will start to come back to hurt people at the beginning of april. >> and a bull on small caps. they came out with a note today. they have been pullish for sometime and now it's time to get lighter. they have been posting better and small caps are a better price, but bank of america said the second half will be worse than the first half. that may not come to fruition. >> as john cougar mel an camp was saying,

melissa lee, back to you. >> thank you very much. rick santelli.number of earnings we didn't get a chance to talk to, lulu lemon, beating eps and revenue. if you were to question the law of large numbers in terms of the run, this might be where you question it. >> $10 billion company, very compelling piece today in the "wall street journal" talking about the growth possibilities here. they own the woman's market, trying to move into the men's market. this is a stock that has sold down repeatedly after they reported. it's doing it again. we were talking during the break, don't want to get in the way of some of the stocks falling. there's no rush to call bot on it in lululemon. it is an expensive stock versus mcdonald's. >> in the "wall street journal" amount sadly was the amount this he promote which is basically nothing. they sell 95% of their merchandise at full price and never discount their core items so that is a winning -- they are the envy of the retail world on that front. >> yes, and i remember when people felt they had too much inventory i

. ♪ >>> i'm in for melissa lee. here are tonight's top three trades. the changes face of defense.re unmanned drones the big growth area to watch as budgets are slashed? we'll look into the drone maker. plus stress testing the big banks. should you fade the optimism? we've got a guest who isn't buying the bullish case. and the next hot spot for smart phone money. why more investors are looking to puerto rico. let's get to the breaking news. >> well, we now know when you can start your countdown clocks for the banks stress tests. the feds saying they will release the full results at 4:30 p.m. on thursday. they have also just at the top of this hour released the methodology by which they are going to be judging all these banks. taking a look at some of the worst case scenario assumptions here. they're starting off with an unemployment rate at 13%. they're going to assume that equities drop 50% and housing prices drop 21%. they also are going to assume other major economies around the world are contracting significantly in a severe recession for the united states of america. that's th

. >> i'm melissa lee and we have the top three trades. trading three stocks for the people tutting back on the holding. banking on bonds. we are talking to the money manager and where you can better in terms of the yield. buy or rent? not a house, but construction equipment. the ceo joins us for an interview and his stock is booming. this is fast money. we have to start with the headlines and apple where we are hitting a new record high. they are selling the shares and cashing out on restricted stock. apple is not the only one sell thing their stakes. the common thread is that all the stocks are at or close to highs. >> the song life has been good to me so far by joe walsh playing as we came in. we have apple there. >> as much as it was good for me to note, everything on the show is done for a reason, even the music. >> exactly. exactly. in addition apple, take a look at the gap. the gap close to highs. also selling and priceline. near an all time high at today's session and seeing a lot of selling in terms of executives there. there cave

. >> i'm melissa lee and her are the top three trades. mull pells on the investment if you stuck with the stocks. what are the charts saying you should do right now? carter worth breaks down the winners and the losers. should you brace for a job. why expectrations may be setting up for disappointment. they turn up the point on the single cup coffee maker. we are monitoring the webcast that just kicked off. live in the nasdaq markets. this is fast money. get straight to the after hours action. starbucks just announcing a single serve coffee machine and that is sending shares of green mountain sharply lower. going into this announcement, a lot were saying this won't be bad for green mountain. look how bad it is right now. >> what's bad for them, everything is good for starbucks. the price we are at is 52 and change is an all time high. we made one today. people will shoot against starbucks for valuation and 22 or 23 times earnings. it's easy to see why. they continue to expand and they announce and are expanding and want to compete with nes

melissa lee with a preview. >> we've got a benefit from t"te hunger games" euphoria. exclusive to discuss the demand for the mts and what else she's got in her pipeline to make sure sales don't go flat after the euphoria is over. then we've got the worst exchange rated products out there. the top five you want to avoid as an investor because they simply don't track what they're designed to track. >>> and then is the vix, the volatility index giving you a clear market? we've got the take on that. that and much more aet the top of the hour on "fast money." see you then. >> thanks, melissa. two days after woods was first pga tournament vingtry since '09. is this the perfect time? we'll take a look next. stay with us. erica is facing some tough challenges right now. two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oi

>> i'm melissa lee. see you tomorrow 9:00 a.m. for "squawk on the street." "mad money" starts right now. >>> i'm jim cramer and welcome to my world. you need to get in the game. firms are going to go out of business and he nuts! they're nuts! they know nothing. i always like to say there is a bull market somewhere. "mad money." you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you, but to put this in context and teach you. so call me at 1-800-743-cnbc. cramer, do you like him or do you hate him? someone asked me that on the floor of the stock exchange today where i do my morning show, the squawk on the street. wanted me to predict what would happen. with the average rally hard, i wouldn't take the bait. why? because this is a case by case market, not market a that is driven by the averages. so i refused to get into the day to day risk on, risk off nonsense. see, this market is radically different from anything w

>> and i'm melissa lee. thanks so much for watching. back here at 5:00 on action followed by "mad money" at 5:30. don't go anywhere "mad money" starts right now. >>> i'm jim cramer and welcome to my world. >> you need to get in the game! going out of business and he's nuts! they're nuts! they know nothing. >> i always like to say there's a bull market somewhere. and i promise -- "mad money," you can't afford to miss it. hey, i'm cramer, welcome to "mad money," welcome to cramerica, other people want to make friends, i'm trying to save you money. my job is not just trying to entertain you but educate you. call me at 1-800-743-cnbc. the best markets are like a high-intensity volleyball game. you serve, you ace, then you rotate to the front. you set up and you spike it down the other side's throats. hey, maybe you can cuss them if you get it right. like the new orleans saints. you couldn't tell from the averages with the dow sinking, nasdaq dropping .39%, but the bulls actually played a terrific round of volleyball during this listless ses

. ♪ >>> i'm melissa lee. here are tonight's top three trades.ow and s&p have their worst day in three months. we've got low bid trades to boost your portfolio. if you bhaugt apple shares instead of a house, you'll be a multimillionaire right now. dr. jay breaks down the cost of not owning shares. and pandora dropping on weak guidance. we'll follow the story for you. this is "fast money." let's start trading. the dow having its first 200-plus point drop since november today. so should we be concerned or say you know what? it's a pullback to a level a month ago. >> and it's also the birthing pains you get when you're ahead -- >> and you know about birthing pains. >> we know a thing or two about them. unfortunately tim and i don't know anything about it. perhaps karen finerman who has birthed four young ones might know better than us. but we do have that march 8th event on the boards. that's after apple tomorrow. we've got march 8th which is the deal with greece. and then we've got the employment data on friday. so we've got all that. is it surpris

. >>> i'm melissa lee. here are tonight's top three trades. apple unveils the new ipad. getting the low down on the new product from boy genius jonathan geller. then joins us to make the case for investing in his company and investing in a zero rate world. we'll talk to a fund manager about how to manage your cash when it's losing value in a money market account. live from the nasdaq site, this is "fast money." the new ipad. what'd you think of the announcement? >> i don't think they blew everybody's socks off. we had an understanding what they were going to show us. there was going to be the new ipad, the ipad, ipad 3, whatever you want to call it. a great example of buy the rumor and sell the news. we bought into this rumor. the weekly options they have been so active over the last month or so coming into this event. and then suddenly you see them go from a 40% or higher implied volatility to a 26%. that was the sell of the news. stock pulled back dramatically off of the highs. then it bounced off again. here we are at the level. a nice productive day for apple overall

nooim for melissa lee. here are tonight's top trades. bank surges. jpmorgan hikes its dividend and says our buyback is so way bigger than yours. and the feds wage the course what should you do? and did you miss the blowoff top? plus real money in real estate. we're going to talk about reits to a reits expert. ammann has breaking news. >> we have a statement here from goldman sachs. goldman sachs announcing the federal reserve did not object to goldman's actions through the first quarter of 2013 including the repurchase of outstanding common stock and a potential increase in its quarterly common stock dividend. that's the news from goldman sachs as of right now. also we have got a statement here from met life. met life issues a statement regarding its participation in the fed's stress test here. met life saying met life is financially strong and well positioned for both the current environment and a potential further economic downturn. we are deeply disappointed with the federal reserve's announcement. we do not believe that the bank methodologies use

>>> i'm michelle caruso-cabrera in for melissa lee. dennis gartman weighs in with his top trade. apple options are on fire. the stock nearing 600 bucks a share. and then march madness is upon us. we're going to hit the wing trade with the ceo of buffalo wild wings. this is "fast money." let's start trading. straight to the market. what did you think of the moves or lack of moves today? >> that was it. the lack of moves is what it was about. yesterday big move. you wouldn't somewhere thought it would be that big of a deal to see a pullback, but nothing. >> what happened to your blow-offtop? >> no, no. welcome back mcc. our tops are still on. good news for the audience. it's not a one day event. probably going to come across over the course of three, four days. the fact we didn't hand off more than a few handles is bullish frankly. i still think we're headed to 1425. pete can speak to the vix. i still think there's handles. >> and the vix did rally off the lows. but we're talking low levels. 1550ish for the vix right now. yes we got higher but finished around the middle section. we

. >> i'm melissa lee. thanks for watching. more fast money . >>> i'm jim cramer, and welcome to my world. >> you need to get in the game. #. >> firms are going to go out of business, and he is nuts. they're nuts. they know nothing. >> there's a bull market somewhere. >> mad money, you can't afford to miss it. >> i'm cramer. welcome to mad money. welcome to cramerica. >> look at what i call the internals, it's noent intimidate you into hiring a professional to translate, my jaw drops. as stupid as the market was the last couple of years, it's now become smart, smart about individual stocks. it's as if gufus got a brain transplant. it's as if me like i'm ugly bizzarro and no longer wants to put the heads on a winged victory race. this market is now like bizzarro's opposite, superman. as long as it can stay away from the criptonite, it can go higher. in the fabulous world of d.c. comics, kryptonite not from the planet krypton. it's from china. all we ever heard from the in thisseders so anxious to make themselves sound so smart h

. >>> >>> i'm melissa lee. here are tonight's top three trades. stocks took a hit on china fears but plenty of opportunities in the emerging markets. jim rogers is joining us from singapore with an emerging market play that may surprise you and nike and micron report after the bell and who will be the winners and losing in a rights rate environment? doug cass is bringing his shopping list exclusively to "fast." let's get straight to the market selloff that we've seen over the past couple of sessions. are china concerns enough to push stocks meaningfully lower from here. pete? >> yeah. i think that we're definitely due for a correction. looking for 1375. we talked about that last thursday. i think that the s&p 500 goes there. 2% correction is what you're looking for. do people know that china has slowed, yes. do people know europe is slowing. maybe not as much as they did before we started the evening or at least coming into the opening session, and i think the bigger surprise would be going forward, what the u.s. consumption growth really looks li

i'm melissa lee. thanks for watching. see you tomorrow 9:00 a.m. for "squawk on the street." 5:00 p.m. "fast money." meantime, "mad money" starts right now. special coverage of super tuesday begins tonight 8:00 with maria and john. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game! >> firms are going to go out of o out of business, and he is nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money", you can't afford to miss it. hey, i'm cramer. welcome to "mad money". welcome to cramerica. other people want to make friends. my job is not just to entertain you, but to educate you about tough days, so call me 1-800-743-cnbc. one really horrible session, and all of a sudden everybody starts playing pin the tail on the sell-off to explain the declines in the averages, and they were precipitous with the dow jones plummeting 204 points. s&p nosediving 1.5%, and the nasdaq sinking 1.36%. did president obama just give israel the okay for an air strike on iran's nuclear facilitie

quinn and melissa lee is with us now. >> why am i quinn and she's melissa lee. >> if you took a pollassume you've heard of the "anchorman" sequel. >> yes. >> he signed on. that's my idol. i've got to say that. i'm not embarrassed to admit that. >> we're having a discussion this morning, guys, what's going to get talked about and what's going to drive trading. is it that spain is as its lowest level or is it about best buy, trading cuts? >> it looks like at the end of the quarter we marked things up monday. we got ahead of ourselves. europe, is it on the back burner? all of it, like at where's the american consumer. earlier it was up. >> is this just a secular decline story. i think a lot of the questions are similar for these two companies in that investors are looking for the ceo to come out with a game plan and is it going to be enough in industries where it may be on a secular decline. for ray monday, it's the diminishing demand for its smartphones. >> a lot of calls on valuations, american express, others. >> overrun. they overran the price target so you can raise the price targe

good morning, i'm melissa lee.ook at futures on the first trading day of march, we gave up the 13,000 mark yesterday, but we're looking to open with a 32-point gain on the dow and 3.5 point gain on the s&p 500 europe financial minister are meeting, and we're seeing green arrows across the board with with a gain in germany. sglool markets begin the month of march with their best february in 14 years. zen sits exactly 200 points below its record high. >> gold traders still dizzy, down 77 bucks following bernanke's testimony. >>> some staggering surprises in retail today. gap scores with a 4% jump in the month of february. where did that come from? target sales up 7% as it refuses to engage in price wards with competitors. >> bank of america considering new fees again. this time the plan would charge nearly $9 a month unless you keep a minimum balance. will consumers stand for it this time around. >>> and cuts the target on r.i.m., says the launch of the iphone 5 will be particularly troubling, in their words, for the

>> some fun topics today, melissa lee. from treasury officials at the wto in geneva yesterday. we're also going to talk about go. steve liesman has done a great job on the all-american cnbc survey. gold. america's number one investment? everybody seems to be confused about that. i have an interesting take. last but not least, five months running and we'll get more information on mf. it's about time. all at the top of the hour. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> all this week we honor our veterans with a special initiative, hiring our heroes. we're teaming up with the chamber of commerce to find a way to get our vets back to work. our parent company itself stepping up to the plate. >> my dad was a veteran. the gentleman who runs all of comcast cable was in the original s.e.a.l. team 6. we're proud t

i got work to do ♪ i got work baby >>> good morning and welcome to "squawk on the street," i'm melissa leeh jim cramer and brian sullivan live from the new york stock exchange, karl and david are on assignment. february jobs report showing nonfarm payrolls up to 227,000 and the unemployment rate at 8.3%. let's look at how futures are setting up and see whether or not this bounce that we're seeing in the premarket will actually hold for the rest of the session. as for europe, we've got mostly green arrows, mixed markets de spite as what some view as a successful bond swap in greece. all of this happening on the third anniversary of the market bottom when the dow closed at, get this, 6547. wow. what a level. since then the bull has been on a tear. the dow posting a 97% gain, both the s&p 500 and nasdaq have more than doubled, with that said let's get started with this roadmap for the end of the week. no surprise it starts with the jobs number. another sign of a strengthening recovery, the first time since 2011 that payrolls have grown for more than 200,000 3 months in a row, we'll talk with

i'm carl quintanilla with melissa lee live on the big board, jim kramer, david faber off today.cks trying to break the three-day losing streak and brush off some concerns about a global growth slowdown. futures here in the states mildly positive although shanghai walloped again last night. the lowest there since february. europe, meantime, has not been able to shake off the jitters as well and the spanish ten-year yield back above 5.5%, an 11-week high. >> let's get to our tgif road map. the dow is on track for the worst week of the year. a lot to worry about here. china, spain mortgage rates. where did the markets go with earnings season just weeks away? >> bank of america launching a pilot program to let distressed home owners hand over the deeds to their homes and rent them back at a market rate. is this the solution the housing market has been looking for? >> darden restaurants and nike beat estimates but are trying to overcome investor worries about gross margins. >> mcdonald's ceo jim skinner in his first television interview since announcing his retirement this week, a cn

i'm melissa lee. carl quintanilla is on assignment this morning. this is a picture we have not seen for quite some time. at the open, it looks like the dow will lose about 95 points and nasdaq is down about 20. looking at europe, they aren and our road map this morning starts with the pressure in the futures that we are seeing. fears about global growth, pervading the markets as equity mutual funds are seeing the second outflows in february. $5.4 billion in outflows this year. and qe 3 a sure thing. morgan stanley says it sees future easing. >>> perhaps one of the most important days in the republican nomination. super tuesday. ten states holding to the polls. and too soft to watch? qualcomm boosts dividend merck. >>> did we see it peak at dow 13,000? opening lower as a concern of global grow weighs on markets. in february alone, mutual funds experienced a $5.4 billion outflow. one may not anticipate that in a market that has been as strong as ours has, mr. cramer. now, i know money goes into etfs. but nonetheless, if you told me the numbers from l

i will split with melissa lee who is the not here today, i promise to split my winnings, okay? >> you don't have to give them to me. >> no, i'm splitting 25% to everybody here. >> really? >> yeah, i'm going to do that. >> that means nothing. >> actually i've bought a house based on these. i went into jpmorgan and said, look, i need -- i couldn't get a decent mortgage for a house and i banked there for 25 years and i have a huge balance, 1% of america balance and they were like -- i ended up with astoria. i don't even know whereas tore i can't is. that's not true. >> a lot of good greek restaurants in astoria. >> we'll talk more mega millions in a moment. meet a lottery jackpot winner who will offer some dos and don'ts based on her experience of what you will do when you win. before that, one more look at futures on this friday. a lot more "squawk on the street" live from post 9 in just a couple minutes. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> oths of winning tonight's jackpot are about one in 176 million. that brings us to this morning's s

melissa lee is off. the morning after an historic day for the markets, what will stocks do forean encore? dow closing above 13,000 the same day nasdaq finished above 3,000. futures look like we might get carry through. 12 points to the upside. europe, as well. we got negative news out of premier wen in china. >> they hammered china last night. >> down by 2% or more. road map today, we begin five points from 1400 on the s&p. now the ten-year at five-month high yields. bonds confirming what stocks have long been saying. stress test leaves citi as an outlier. management credibility has been damaged. there is a job opening at goldman sachs as he takes to the op-ed of the "new york times" telling why he quit, blaming a toxic environment. managers referred to clients as muppets. morgan stanley to 720. bull-case scenario 960. jim, you were talking about numbers not that far apart yesterday. >> you are are's going to hit 960. $1,000 a share? >> let's start with the markets the morning after their best one-day pe

i'm melissa lee along with jim cramer and brian sullivan.plans to do with its cash hoard. they are going to set a dividend of $2.65 per share. they offered a buyback program commencing in the company's fiscal 2013 which begins on september 30th of this year. apple holding a conference call shortly. in terms of the premarket action, very roller coaster ride. we have seen in premarket action apple shares go as high as 608, so

as we get ready for the jobs reports, we have so many stories that are hard to get a handle on, melissa leer it's you know, china kind of tweaking their growth numbers, their inflation numbers, or what will happen with greece with regard to a default as it going to be an organized default or is it going to start to get messy. then you see headlines coming off from portugal a few minutes ago. that unlike some of the other countries like ireland and spain, whose numbers may not be working out, spain in particular, with regard to recent information about their debt it their budget or debt to their gdp, portugal says that's not going to affect us, i guess where i'm going with this is, as a former trader who hangs out on trading floors all day, trying to get a handle on wednesday and friday's jobs information, there's so many fill in the blanks that are so hard to nail down. because there's this giant government buffer in the middle. you know, if there's issues regarding default, it goes into a eurocratic situation. if there's a headline regarding deficits in portugal, where they may not be able

melissa lee is off today.utures on unsteady ground to start the week after china hosted the worst monthly trade deficit in 12 years, raising concerns about a slowdown in the world's number two economy. that's one reason futures are a little soft here. europe also looking at mixed signals this morning. >>> our road map for today. big week ahead. most of it focused on the united states. fed meeting tomorrow, banks stress test results, inflation data. will the markets forget europe and focus on the home front? apple says preorders for the new ipad delayed two to three weeks even though it will still be available in stores on friday. good news or bad news for the stock at a new record high today. >>> disney looking at potential disaster in "john carter," new box office bomb. generaling ups the stock to a buy for different reasons. can the stock stay afloat? >>> pepsi grooms two potential successors to ingenuity. what does that mean for a company whose execution has been called into question lately? >>> as we said,

i'm carl quintanilla with melissa lee and jim cramer live at the new york stock exchange. david faber is on assignment. a day after the dow's worst drubbing of the year, markets trying to stabilize this morning helped by an adp number that came in almost exactly on target. 216,000 private equity sector jobs. some green arrows and green stomachs in europe as we await the results of the greek psi participation rate ahead of tomorrow's deadline. >> a bounce back we're seeing this morning, not just equities. crude, gold trading higher this morning and adding to the optimistop optimism. walmart saying it is pleased with sales and traffic so far this quarter. >> hours away from the unveiling of the latest ipad, we believe. we'll go out to san francisco for the latest on what's expected from apple. could there be a surprise seven-inch killer kindle tablet as well? >> mitt romney wins a squeaker in ohio but fails to knock his rivals out of a race that will continue. >> a big mover in premarket trade, pandora shares slumping on dismal forecasts, rising royalty fees. it is gaining l

i'm melissa lee with jim cramer and james faber live from the new york stock exchange. >> our secondome in the second city. chicago this morning, about eight months before election day, we have come to president obama's stomping grounds in the land of lincoln covering all the bases, commodities, treasuries, big business, big politics and how it impacts your money. it is wall street meets the windy city on "squawk on the street" on this friday, march 2nd, 2012. >> carl, we're about to wrap up what has been an eventful week for the markets between dow 13,000, nasdaq 3,000. we got red arrows across the board now. the dow is looking to lose about 12 points at the open. and european trading, we're seeing basically a flat picture across the board. let's get to a road map for this friday morning. crude is in focus after a whipsaw afternoon trade yesterday. iran pressed tv reporting an explosion at a pipeline. still, traders say the whipsaw trade shows the fear is still in the crude trade. we are awaiting what will likely be the last internet ipo before facebook. yelp prices well above the e

back to you, melissa lee. >> thank you very much, rick santelli. >>> of course, 2012 has been the yearresult utilities are the only sectors now read so far this year. worst performing sector down 3%. what is this heatwave actually meaning that utilities will rebound? greg is an analyst at isi group and he kindly joins us now. what is the analysis at the moment where we stand in our sector? >> utilities were a massive outperformer last year driven by sector rotation into what is considered a defensive asset class and this year almost two-thirds is evaporated as people have rotated into the market. also, higher interest rates have a damp pending effect for utilities and a large portion of market cap that has direct exposure and as you know, natural gas prices have a precipitous decline. and this hot weather we've had is actually -- we've had a pretty mild weather. that's had a dampening effect on electricity demand. those three things basically have been factors in driving the underperformance. you know, you'd have to see this hot weather really drive through into the summer. and then yo

carl quintanilla, melissa lee and simon hobbs also all off. not sure what message they're all sending me. dow looking to extend its winning streak to eight. that's one day after the s&p 500 closed above 1,400 for the first time in more than four years. you see it there. fair value or the implied open at least looks like we will open a bit higher on all the major averages. futures as you see on the rise despite that february consumer price number jumping by the most in ten months. of course, inflation worries impacting the bond market. as for europe, let's take a look at those markets. you'll see there that we are up across the board on all of the big european marks. always like to take a look at spanish and italian yields. if we did, you'll see they're really not doing much of anything. kind of flat today. spanish 10-year above 5%. italy, of course, importantly below 5%. >> here's our road map for the morning. what's going to drive the buzz and trading today. number one, got your ipad yet? apple's newest version of the tablet out today as the

. >> well, thanks, melissa lee.talk to futures traders. and of course, you're in the nonfinancials now, so dealing in livestock and grains. but you also farm. how many acres and where's your farm located? >> my farm's located in southwest michigan. it's about 200 acres. >> now, 200 acres. you told me you've been farming about seven years. you started out with 60 acres. what were you paying for an acre back six, seven years ago? and i want the audience to realize, china made everything change in your area of michigan. they used to grow apples, china competition, now you're back into beans and corn. what's the price difference from then versus today? >> i paid between $1,800 and $2,000 for my initial property and recently it's closer to $3,000 and $3,500 and a local near me paid close to $5,000 and he's a bigger farmer. >> we are definitely starting to see a payoff. there's only so much great farmland and michigan may not be as great for corn as. iowa or parts of illinois, but it's still good. input costs. how much do

. >> yes, lee definitely do that. and i'm serious, melissa, let me say this. when he says it's difficult for them, the fact that the approval rating around the signature achievements of the president are pretty high in many areas, let me show you. raid that killed bin laden, 86%. withdraw from iraq, 78%. financial reform, 65%. auto bailout, 56%. health care law, 47%. 37% for stimulus. with high numbers on your signature achievements, that he's going to be running on and that is what we saw in this documentary last night, many of these things mentioned, that's a hard mountain to climb for whoever the nominee is. >> it's particularly hard if you're making the mountain out of a house of cards, which is what we see the republican candidates do. there are two signature things that we go to. now that we are in economic recovery and they can't keep talking about how bad the economy is, one is gas prices. so now they are claiming that the president is responsible for the high gas prices. but here's the crazy part about that. gas prices are set by a market and these ar