but dow c.e.o. andrew liveris says its new plant will be successful even when natural gas prices rise. >> the current price of natural gas below $2 for the first time in over a decade is not sustainable for dry gas manufacture. we believe the price point will probably rise over the next several years to something between $3.50 and $4.50, and that's fine in industries like ours. >> tom: the new plant announced today will require 4,800 construction workers, up to 4,000 direct jobs, and is expected to be completed by late 2016. but dow chemical thinks the local impact will be larger. >> the job multiplier, companies like ours with their supply chains and all the things that go around us. it's about a three- to five- job multiplier, depending on the facility. this is a pretty big job multiplier because of the nature. it's a building block, and most of chemistry and the materials used in everyday life need these building blocks. >> tom: dow isn't alone in making new investments in chemical plants. energy

and 40-point in the dow industrials. the major sectors, some of the big global growth areas like industrials and materials which had a good week last week are all very much to the weak side. you get this concern that we have a worst case scenario. modest 2% growth in the gdp, mandy, we need 3% to get job groit. we need 1% to get the fed involved or somewhere around there. right in the middle doesn't particularly help us. >> we don't want to be stuck in the middle in fact shade of grey. bob, join us later on for the dow debate. as we wrap up the final day of april trade, let's bring in managing director at wedbush securities. good to have you on the show today, steve. i'm going back to the old adage of sell in may and go away. it kind of came true, didn't it. the last couple of years when we hit the highs in april, are conditions different this time around? or are we going into a spring swoon all over again? >> well, i don't know that conditions are considerably different than they've been the last couple of years. i thin

dow jones higher than 105 point. triple digit gain. and yet, we have the nasdaq probably still in negative territory, all because of apple. the outsize effect of apple. remember the nasdaq is a market cap weighted index or big company like apple will have a disproportionate effect. even with the day on the dow, normally in the positive territory, not the case today. nasdaq is lower by half percent. s&p 500 is higher more than two points. that's a lot higher if not for apple. 1372. dow is rallying into the close. it's near its session highs. as bank stocks are leading charge and taking off at about 1:30. shares of apple flying high, coming back it earth for the last couple of days. >> let's look at today's closing bell. we have bob here at the new york stock exchange. kelly evans stuck around at hk. bob, very strange day. a lot of the typical inner relationships are not working today. >> you would think we were down today by all of the worries out there. my heavens, the anxiety is so high. we moved up in the middle of the day because th

the dow is higher 195 points. we've been up 200 but still we'll take it. 13,116 in a very, very broad rally. the nasdaq is higher by more than 60 points. a gain of more than 2%. s&p 300 with a gain of 1.5%. 1391. holy canoli. >> shares helping to fuel this rally today after meredith whitney held that with an outperform. here's what she said a month ago right here on "closing bell." >> citi hasn't been investable in 40 years. >> what would it take you to invest in citi? >> a new brand. >> apparently they are getting one. >> a new brain. >> here's more from citi with mary thompson. mary, they have a new brain? >> that's a great call. it makes me small every time i hear it. in a note to clients, she said that the company's improving metrics as well as the low valuation makes it unlikely we're going to see any significant share price depreciations. so a couple reasons for the upgrade. but you have to keep an eye on expense and that's been a problem for citi. whitney is calling citi shareholders with another big expens

speaking of the dow, did you see the dow industrial and transports? you get a 2% difference. industrials on the upside. look at that. that's a very strange -- >> again, that's coming from what we're seeing in the crude market? >> that's right. and we're seeing oil move to the upside. brent is now moving up over 120. some of these paper company, very poor earnings. potash and earnings -- yield on the ten-year, again moving to the downside. we are at a multi-year low. >> maria, bob brings up the ten-year. you're at a very fixed-income shop. what about what the bond market has been saying and the equity market today? >> well, you know, i think at this point people are still in the mode of protecting assets as opposed to looking for yield. but the good news, in terms of equities, is the fact that earnings are coming out strong. so the focus the last couple of days has been on the fundamental story, the earnings growth story, whether it's growth coming in the u.s. or outside of the corporate sector with the $3.67 trillion on balance sheets. so once again we see the focus on equity

the dow threatening to close lower for a third straight day.add some correction protection to your portfolio? we're look at that. plus, here's a look at some of the major averages trading. you're watching cnbc, first in business worldwide. back after this. [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessary. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? >>> okay. inside the five-minute mark as we head towards the close of the week. tomorrow closed for the good friday holidays. it's clear the message of the week was less risk. take risk off the table, especially after the minutes of the fed's meeting of march were released on wednesday afternoon suggesting that furt

dow jones off 123 points. technology is under pressure as well today as nasdaq is down by more than 1%. s&p 500 is under pressure as well today, maria. >> yeah, a lot of big stories on the agenda today. we have wal-mart dragging things down. let's talk about netflix first though. stock down ahead of the company's earning results. investors will be closely watching what the video provider will say about growth prospects ahead. how it plans to rebound from missteps. we are on the net flicks story. also, all day as wal-mart, stock with the worst day in more than three years after allegations of bribery at its mexican affiliate surfaced over the weekend. we will have more on how investors are playing stocks. what's ahead and we are looking at implications. meanwhile, less than an hour to go in trading. let's take a quick look at market themes today. of course, once again eurozone fears weighing on traders today sending the market lower even though we are off of the worst levels of the afternoon as we approach the

dow trying to muster enough of a

and how is the debt affecting dow chemical? an dree liveris is joining me on cnbc, first in business worldwide. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies. >>> i'm jane wells in los angeles. just going through this starbucks report. they raised their outlook for the year, earnings per share between 1.80 and 1.84. the difference is in coffee costs. they maintained averages of 13.5% from a year ago. they are expecting operating margins to improve slightly over last year but they are saying that they expect commodity costs to add approximately $230 million in cost pressure to the year but they say the majority has already been reflected in results from the first half of the year. maria,

dow jones industrial average is higher by 72 points.up again while the nasdaq is lower by 7. coming up next, options action trade on how to cash in on france's presidential election. so what do you do? >>> plus, bill rhodes weighs in on europe's financial recovery or lack there of. as we head to the break, here is how the currencies are trading right now. euro at 1.32. look at that what makes the sleep number store different? the sleep number bed. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. you can adjust it to whatever your needs are. so whatever you feel like, the sleep number bed's going to provide it for you. now, sleep number redefines memory foam, combining coolfit gel foam with sleep number adjustability. during the final days of our white sale, receive $400 in free bedding. only at the sleep number store, where queen mattresses start at just $699. >>> welcome back to the "closing bell." i'm michelle caruso-cabrera. they trade dr horton surging wi

dow have any disclosures to make? >> no. >> susie: all right, john tinker of maxim group. >> thank you. >> tom: monday's are known for merger announcements and rumors. it wasn't just microsoft's investment in barnes and noble. first, the rumor: coca-cola late today denied it was in talks to buy monster beverage. there were reports out during the day that coke was negotiating what would be its biggest brand buyout, probably over $11 billion. after closing in the mid-$60 range last week, the rumors pushed monster stock up to almost $84 dollars per share, before tumbled just before the closing bell when coke denied the deal. in energy, sunoco shareholders will get more than $50 per share from pipeline operator energy transfer partners. the deal expands energy transfer's network of oil and gasoline pipelines. as part of the deal, energy transfer picks up sunoco's $4,900 gas stations in the u.s. sunoco stock shot up more than 20%. there was also a multi-billion dollar deal in the medical tech field. hologic will buy gen-pr

the dow is down 102 points. >> we have a lot more for you on tap in the next two hours. coming up, the president of ratings firm egan-jones as the s.e.c. votes today on whether charging his company with making intended misstatements. >>> and a tough quarter for mining giant free port mcmore ran. he talks about the headwinds facing freeport-mcmoran. very interesting. we'll ask him about that coming up. >>> after the bell, three words that bring back memories of the housing boom and bust. no money down. is the practice back? >> did they learn nothing? >> also, we want you to weigh in on that issue. do you think the issue of no money down will spark another boom or bust in the housing market? tweet us @cnbcclosingbell. >>> first, the most active stocks on the new york stock exchange led by bank of america. you're watching cnbc, first in business worldwide. [ male announcer ] this is lawn ranger -- eden prairie, minnesota. in here, the landscaping business grows with snow. to keep big winter jobs on trac

always the first of the 30 stocks in the dow to report quarterly results. the dow component posted record revenues for the last quarter despite declining alime numb prices. wall street had expected to report net losses. the stock is up about 5% since closing bell and it is deciding hope, the dow's losing streak might come to an end tomorrow. >>> sunnydale based yahoo unvails new details today of the long-awaited reorganization plan. the santa fe news with a memo to yahoo employees. it says yahoo will consolidate most of its operations into three major divisions and build closer ties with consumers and advertisers. yahoo's top priority will be consumer websites that focus on finance, sports, and entertainment. as well as search, e-mail, and social network services. >>> the 17-year-old driver accused of killing a father and daughter riding their bikes is no longer in custody. why authorities say they had no option but to release him. >>> and a new study has a warning about nail poll usual. the dangers the salon industry may be glossing over. man: we need a go

it's a one-year chart of apple versus the dow. the dow actually is in green. maybe apple should have been in green. either way, you can see they track very nicely. and some suggest that apple is the carrot that drives the donkey to pull the whole market cart. but the past few days before today have been interesting for other reasons. so now look at this. this is a one-week chart of apple and the dow. you can see that the dow has done okay. apple actually went down five days in a row before today. in other words, we did something that some said wasn't possible. we rose even as apple fell. remember the titans. not the movie. because it looks like old school may be back. look at the seven-day trading returns of hp. up 7%. alcoa. up 4.3%. caterpillar up 2%. some of the old industrial names and a tech titan may be left on the heap which has had a very nice run and drag the boats up. of course, apple is not in the dow. some say it should be. either way, we have been able to rise, guys, without apple coming in to today. we're going to chat about this right now. but l

dow jones industrial average, down 112 points. last trade on the dow. nasdaq also weaker and accelerating the losses after the minutes were released. sharp down draft just 2:15. down 17 points. and the nasdaq and s&p dropping 115 points. the fed minutes is getting the most attention at this hour. in short, we saw stocks fall, oil fall, and the policy makers are less keen to see them moving. one trader telling me that he's optimistic because he sees more pullback. less concern over the financials, euro zone headlines raising on that group. consumer cyclicals and retails. finally, it's a holiday shortened week according to the passover. s&p 500 has been testing support around 1405. some traders believe it will hold that level and move higher. we're looking at a sizeable selloff on that reserve meeting. we have our team in place. stocks sliding in the last hour. join us at the nyse. >> stock rising to an intraday. bob pisani is here. following the if i had minutes, let's talk on apple. expressing some concern that things are getting out of control but the

we have a market up 80 points on the dow industrials.q is also strong. >>> up next, courtney regulagan here. >> under the radar stocks coming up next on the "closing bell." fiona here was just telling me that ford dealers sell a new tire like...every five seconds, how's that possible? well, we purchase 3 million a year. you just sold one right now didn't you? that's correct. major brands. 11 major brands. oop,there goes another one. well we'll beat anybody's advertised price. and you just did it right there, what's that called? the low price tire guarantee. wait for it, there goes another one. get a $100 rebate, plus the low price tire guarantee during the big tire event. look at that. it's happening right there every five seconds. your not going to run out are you? no. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar

dow futures the dow closed 80 points. of [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] >>mark: al looks like losses in early trading, dow futures are staff 63. we have had better than expected earnings coming out from chase fell as well as for google. we have had economic data coming out of china for that their growth slowed. a slowdown in china affecting the markets today for. for let's show you what is happening on the bay area weather. bill looks like the heaviest rain is moving out. >>erica: it looks like the bulk of the wet weather is behind us. we are dry in downtown san francisco. a lot of cloud cover in the distant but we are starting to see some breaks of sunshine depending on where you are. you could be running into wet weather i

dow off the lows. down 45 points at this hour. >> young brands set to kick off a big week for earnings. which names in this group look appetizing? >> well put. >>> plus, morgan stanley, should you buy or sell that stock ahead of the results. the talking numbers trade on morgan stanley is coming up. >>> and then after the bell, how much will pay pal pay off for ebay's bottom line? instant reaction to the earnings at 4:00 p.m. >>> in the meantime, here's how the s&p heat map is shaping up today. a little more red than green at this point. you're watching cnbc, first in business worldwide. glad you're with us. zap technology. arrival. with hertz gold plus rewards, you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made

but how many of them dow really use. and if you get to a spot where you can integrate them all you can use them very well through a single device, either a phone, tablet or pc, then you can really have something. >> tom: do you own any shares of google yourself. >> i do not. >> tom: brian bolan with us tonight from zacks.com. low rates are here to stayor the foreseeable future, at least that's how investors are interpreting comments from new york federal reserve bank president bill dudley. bill dudley told a business group today that it's too soon to say the u.s. economy was out of the woods. meanwhile, new claims for jobless benefits had their biggest weekly jump in months rising by 13,000 to 380,000, signaling the jobs recovery is still fragile. both reinforced the fed's current policy stance, sending stocks sharply higher. the dow rose 181 points, the nasdaq added 39 and the s&p up 18. >> tom: not since the early days of the housing collapse have there been so few foreclosures. but that doesn't mean the crisis is over

it's the first dow component to report quarterly results. c.e.o. klaus kleinfeld joins us right after he releases alcoa's numbers and we'll talk about the outlook for the aluminum giant and the global economy. >> tom: still ahead, you've got patents! microsoft strikes a deal for a trove of a.o.l. patents. why the race for patents is heating up. >> susie: the u.s. should let the bush-era tax cuts expire. that's what simon johnson the noted m.i.t. economist believes will bring down the nation's huge deficit. he makes his case in the book "white house burning" co- authored with james kwak. when i talked with johnson he explained why those bush tax cuts are hurting, not helping u.s. finances. test test test we need to make a fiscal adjustment in this country. we have lost track of the fact that you need revenue to underpin any kind of sensible government activity. if you look at the political, the only moment coming any time soon, it make such an adjustment is the expiration of the bush era tax cuts at the end of this year. >> susie: what do you think

the dow jones is down 117. to 12,00911.ya: investigators say it appears a man found dead in a fiery standoff is wanted in a sacramento crimes the. the interstate was closed down for six hours. sure the city is surrounded and a common building and exchanged gunfire with someone and snug. yes call >> or one witness and watched through his hair, hair and what he would do next. >> i saw him lighting the fire. i did see through the apartment. kolkhoz been bombed >> eventually, weaver was able to leave her apartment and like many neighbors she is still causing the events that took close >>gary: or you scared question mohel yes. i was very scared. >>darya: the soul of has been identified as jimmy graves. >>darya: we will be back with more in a couple of minutes. here is a live look from the mt. tam cam. here is a live look from the mt. tam cam. it is foggy and there is a never in my lifetime did i think i could walk 60 miles in 3 days. 60 miles in 3 days is-- is huge. if my mom can fight and beat breast cancer, i can walk 60 miles

>>mark: the dow was down one of to yesterday. right now the dow was up 59 but the snb sofia to.ive year before the opening bell we had better than expected quarterly results coming out from free summer hershey and at&t. >>darya: coming out, the suspect in the fatal shootings at an oakland university has stopped eating. we will tell you why. if apple is set to release its earnings today. we will show you what to expect from the tech giant and five more states will hold their primaries today if and what those winds would mean for mitt romney. here is a live look of of our roof camera on van ness ave. you can see clouds over the city right now. we're looking for a pretty nice day before the chance of rain roles in. we will be right back. kraft there's a triple shooting at oakland and will be at live in the latest.

apple dragging on the nasdaq and the s&p, but the dow -- it's not part of the dow trading higher. find out how the ultrarich are playing this market and whether their strategy might work for you. welcome back, sue. >> thanks, ty. good to be back. so much for the spring fling. home builders see clouds on the horizon. what does a disappointing survey tell us about a possible recovery in the housing market? >> and johnson & johnson, both of the johnsons, prepping for its first earnings report since announcing a plan change at the top. find out whether there is still room to run for j&j. i'm tyler mathisen, sue's back. "power lunch" begins right now. >> welcome to "power lunch." i'm courtney reagan at the realtime exchange. markets are split in afternoon trading after mixed housing and consumer numbers. a safety trade going on. if you look at the major averages, the dow is up by about 90 points. the s&p up just a hair. the nasdaq though trading in negative territory. taking a pulse of the markets, a slight easing of the tensions contributing to a slight pullback in oil prices. wti cru

dow alone has spent about $250 million on security. we have completed vulnerability assessments, audits, and as needed security upgrades at our facilities worldwide, not just those regulated under cfats in the u.s. from the beginning and to this day dow has taken a leadership position in chemical security. for both our site security and our distribution system security processes. the cfats concept is good. risk-based and focused on the right priorities. the cfats design is good, allowing regulated companies to apply customized security systems and processes to each unique site and situation, to comply with dhs's established performance standard and subject to dhs approval. the issues with cfats are in the details, and those can be fixed if we work as a collaborative team with a common goal. we need to fix what is wrong, not start over from square one, and we don't need to make the process more complex. there are many effective and efficient operations to achieve this successful implementation of cfats and the ultimate goal of reducing

the dow has shot up about 2.5% since tuesday. by the way, that was when apple reported its numbers after the bell. let's check out the sectors leading today's charge. consumer discretionary, industrials, materials all posting sharp gains, maria. >> scott, thank you. first quarter off to a strong start from the s&p 500 companies more than 80% beating wall street expectations with their earnings for the quarter. that was last week. this week that number fell to 65% because of a few misses. technology is the clear front-runner. take a look. eps up better than 23.8%. better than 18% year over year for the first quarter. and then there's utilities at the bottom with a loss of more than 20% declining earnings there from utilities. what does this signal about the second quarter as we look forward to the rest of the year? joining me now is director of research with key private bank. mark helps to oversee some $15 billion in assets. always a pleasure to have you on the program. thank you for joining us. >> thank you. >> let's look ahead.

a triple digit rally on the dow alone.daq on pace to, perhaps, hit its best one-day gain this year. >> we are going to go back live to the trading floor for a look at what will drive the rest of the trading session. back after this. announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pr yes, you could. let's start with car insurance x. this one does save people a lot of money and it's very affordable. it was very delicious. could you please taste car insurance y? this one is much more expensive. ugh. it's really bad. let's see what you picked. oh, geico! over their competitor. you are a magician right? no., oh. you're not?, no., oh, well, give it a shot. i am so, so sorry. it was this c

dow up 170 points. inching towards 13,000, with an hour to go in trading. nasdaq at the highs of the day of 40 points. 1 1/3 points. s&p looking at the best day since march 13th with a gain on the session at 1386. right to bill griffeth we go at the new york stock exchange. bill? >> what was all of the hammering about? what's fueling this bull run today? that's what everybody wants to know about. a lot of things, among others, the china effect. despite the weak report on initial jobless claims and a batch of disappointing ipos, we are seeing stocks rally on speculation that china will be able to avoid a hard landing ahead of its are release of the first quarter gdp data. that comes in overnight tonight. another thing investors are watching closely, today after the bell, we will get earnings from google. the question is, will the tech giant surprise to the upside after missing estimates in the last quarter? we'll have full team coverage on google in the next couple of hours here on the "closing bell." maria? >> that's where money has been moving into technol

the dow wiped out the last five days.elow the level and below 1370 since march eighth. financial sectors down better than 2%. nasdaq plunged 1.8% and technology on the downside. the nasdaq's gains for the year although the nasdaq is

dow jones down 28 points.q is weaker today as well by about 20 and s&p, maria, under pressure as well. >> scotty, i think tom lee is my new favorite strategist. i love his research on dividend payers. he really does good work. thank four that interview. sfrs. >> hey, rich bernstein is not chopped liver either. >> no, rich is fantastic. >> i hear ya. and rich is sitting here too. i don't want him to be offended. >> i'm telling you about boone pickens, scotty. he is explaining the energy policy and oil and natural gas prices. he is coming your way next. after the bell, carl icahn updates his attempt to require cvr energy and well get his take on how the controversy surrounding chesapeake ceo, audrey mclendon is inl pacting that stock. that's coming up, scott. >> all right, we look forward to that. as we head to break, here is are how the major commodities are trading. it is mixed picture on your screen. we're back in a moment. for a hot dog cart. my mother said, "well, maybe we ought to buy this hot dog cart and

propelling the dow. 3m boosted the dow with impressive quarterly earnings. >>> a new case of mad cow disease was found in one dairy cow at an an i mail disposeal facility in california but the animal was not bound for the food supply, and the agriculture department says there is no danger. >>> the federal reserve ends the two-day meeting today and is widely expected to take no action on interest rates. >>> the nation's housing market is actually improving, the federal housing financial agency reporting prices up in february, the first increase in their index since the credit crunch five years ago. >>> the long-await the facebook ipo may be delayed by a week because of the company's purchase of patents from microsoft and acquisition of instagram. >>> finally, there are no words for this. in the middle east, pizza hut is selling the new crown crust burger pizza. a pizza surrounded by a crust of mini cheese burgers, topped with lettuce, onions, tomato, pieces of beef, and unidentified special sauce. i just don't know what would you do with that. >>> coming up the hawks claw the clippers

we've got three dow components higher. remember yesterday's show where we did walk you through what happened in 2010, right, from basically may to july. then 2011 july to october we dropped 18.5%. we're down about 4% now over this little mini drop the last few days. it could turn into something larger than that. but at the same time, it's still relatively small drop compared to what we have seen, julia. >> we'll have to see what happens with earnings. obviously alcoa kicks off earnings season tonight. it seems like alcoa's going to be addressing some of the bigger picture concerns in the market. alcoa is expected to report worse earnings. >> listen, we have got you onset here, which is a pleasure. you live in los angeles. being a native californian, born in los angeles, it's a very dysfunctional place. i understand that your fine city's on the verge of bankruptcy. is there anything you can report as to whether or not l.a. is going to default? >> well, i'm not the one to weigh in on that. i understand that you're going to b