i think i know what your next book is going to be, kayla. these are hot sellers. "50 shades of gray" might have re-ignited this x-rated genre. but tromance has been the numbe one selling and sub category erotica. sales there are steamier than ever. while many credit the initially self-published" 50 shades of gray" for bringing mommy porn to the masses, the category's publishers credit e-books for saving erotica. with tablets both the act of buying and reading e-books is much more discreet keeping those nearby from knowing exactly what's going on between the pages. >> with the different types of tablets out today, you can get away with a lot more risque type of literature to read instead of sitting on a plane when you're there and you have some fabio-looking cover model on the front. you just have a basic apple symbol. >> a lot of e-book sales are hard core. the first and foremost publisher of erotica sold 40 books per month in 2001. now monthly sales average 190,000. and numbers aren't unique to ellora's cave. but a trend throughout erotica.

i'm kayla tausche with some breaking news. set to list on the nasdaq according to sources familiar with the matter. this has been a long-awaited decision on where the social networking giant will list. of course nasdaq fees are lower, but it's also the home of storied entrepreneurs like steve jobs and michael dell taking their companies public. we'll have more as soon as we know more details. but we have learned that facebook is set to list on the nasdaq. back to you. >> thank you very much, kayla. a critical economic indicator the jobs report for march is tomorrow morning 8:30 a.m. eastern time. despite the markets being closed for the holidays. so what's the trade ahead of the weekend? trader triple play at the nyse. joe grecco, jim woods, tjm institutional services. thanks, guys, for joining us. matt, what -- joe, rather, what do you do at this point because you can't really trade it on the nyse, certainly, but it's one of the key reports? what are you doing ahead of it? >> well, clearly we have a little bit of pullback tod

kayla to the ground as she left the scene.itnesses on location called 911 for the sheriff's office and ems. upon arrival, officers got a brief description of the suspect and the vehicle in an attempt to locate it. as the investigation continued, investigators drove through the parks lot on saw dust road, spotted a parked vehicle that close closely matched the vehicle described by witnesses. it was determined that this was the vehicle involved in the offense. after talking to the residence, it was determined which department the suspects lived in. officers didn't fine anyone on location. the suspect, black female 30 later arrived on location. fx rangers in harris county received the information with the suspect's sister and located keegan unharmed. with this information and the evidence obtained at both locations and from the vehicle which reported the arrest of the suspect and she was taken into custody. >> mcclain is charged with capital murder. she had her first appearance before a judge this morning where a judge refused to

that's a good point, kayla. i think the main reason we're seeing earnings slowing down, though, is because good evens, we've had three years of absolutely -- historically great numbers here. let's put up here. 2008 was a disaster. look at this earnings growth. double digit for the last three years. we're going to be 6% in 2012. now here in the first quarter only 1%. my point here is you can't keep growing double digits into the sky. law of larm number takes over. eventually you get a cycle where you just have to slow down a little bit even if you didn't have europe as a weight that's sitting there. you're going to have to slow down a little bit. >> here's my question. a lot of people are saying what we're banking on now is an upturn at the end of the year. >> that's right. >> the fourth quarter. if they've got all these excuses, are they going to put it on the line and say actually, yes, we do expect things to get better or stand back and say, well, too much uncertainty? >> no. they're going to put it on the fou

to kayla's point about ten employees.now wealthy beyond their wildest dreams overnight. i mean, this deal to some now if you look at the twitterverse suggesting this is the sign of the ultimate bubble. do you agree or disagree? >> no. it's not. i did spend time there at the time when i was there they had maybe half a dozen people. spent about half an hour sitting down with kevin. he's really interesting. you've got to keep in mind they've grown to 30 million users very quickly. in december they were at 15 million. so there's this almost parabolic growth going on. kevin is extremely focused. a few interesting things about him, just to let you know, he's from boston. he graduated from high school in 2002. he's around the same age as zuckerberg. his mom worked for monster growing up. so his parents worked for start-ups. he was thinking deeply about this idea and what made it grow. he told me that it was focused on the speed of uploading photos. focusing on the beauty of the product. and focusing on their ability to post to m

joining me by squip is kenneth's mom, janie chambers and his sister, kayla.my condolences to both of you and your family for the loss of kenneth. i know you are here to talk about what he went through to honor his memory. janie, what kind of son, what kind of boy was kenneth? >> very, very giving, always happy. always give a lending hand. he had a lot of friends, and he was pretty unique. very unique. >> i want to read part of the editorial of the sue city journal. it says in kenneth's case, the warnings were everywhere. we saw it happen in other communities. now it has hit home. undoubtedly it wasn't the first life lost to bullying ear but we can strive to make it the last. kayla, how did things change for your brother, for kenneth and the way he was treat after coming out at gay. >> he was really popular at first like he had a lot of friends. once he came out he was gay, a lot of people didn't like that, so they starred making fun of him for it. at the had some friends, his friends in history, if everyone loved him equally. >> an has there been any follow-u

witnesses say kayla screamed, my baby, my baby.lay dying. >> the child has been found alive. >> reporter: after a man hunt of more than five hours, police found little keegan safe and sound but they aren't saying where and who had him. earlier, officers stormed a nearby housing complex, forcing their way into one apartment. outside they recovered the lexus. family and friends are now left to mourn little keegan's mother, who died trying to protect her baby. >> keegan's only three days old and needs to know his mom. she can't do that now. >> police say they want a complete background check on baby keegan's family before he can be returned to them. >>> and now two breaking stories. >>> tonight at 6:00 we are following two developing stories. first, major developments involving the secret service members at the center of that sex scandal in colombia. >>> but first, mourning the loss of a tv legend, dick clark, who died this morning after suffering a heart attack. he was 82 years old. good evening everyone. i'm doreen gentzler. >> i'm

bob pisani joins us from the nyse. >> hello, kayla. there's worry about spain and that's worried our market a little bit, but we also had a separate event here today. there's the open, which was not particularly pretty. but right about here we saw stocks moving further down as the ism services number came in. that's a little after 10:00 eastern time. numbers a tad disappointing. new orders light. and a lot of people watching these very carefully. remember, we're the engine of growth. we're getting better growth than the rest of the world. that's the thesis. it didn't help today. once europe closed right around here, we came off the lows here. yes, we're down today but off lows earlier. europe closes, we tend to act a little better on days when europe's a concern. here's your big sector weakness. apple for once moving in line with the market down 1.3%. materials, financials and energy, all your risk-off trade there. i've been asked about the vix. the vix is about 17. the way to understand the vix, i'll put it quite simply for you, when

also, kayla, scott wapner, and scott kessler. kayla, let's kick it off with you. what do we know about the facebook ipo other than it's going to be listed on nasdaq? >> it's quite a contentious battle been going on for years. it's been in the pipeline for some time and became a reality about one year ago when they did pass that 500 shareholder. facebook wanted to be a blue chip. it wants to be in your retirement portfolios and wants to be held by the large cap fund managers. that leads some to believe that it would be listed for its part. we have an ad campaign that launched earlier this year talking about all of the pan dora, demand media, linkedin. we have the ad. it says, who will be the next to list on the big board and then it says find us on facebook with a big facebook logo making a punch to say here are all of these social companies that are here. we are the new place to list. as far as money goes, bob has talked about this as well, it's not really about the money as far as listing goes. there's only a 25,000 dlars different rengs initial but where you are

larry, back to you. >> kayla, i watched a lot of american bandstand. i really did.ct right around the corner from this studio. we will miss him. kayla tausche, thank you very much. >>> next up on "kudlow," the president walk away from governing to run a campaign? economic bombs set to go off everywhere. question, is rome burning? and is president obama fiddling while rome burns? i'm larry kudlow. we'll explore it next up. [ horn honks ] hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. so they can focus on keeping the world moving. according to the signs, ford is having some sort of big tire event. i just want to confirm a few things with fiona

kayla tausche joins us with the latest on the daily deals provider. kayla. >> sue, it was a relatively small figure that got restated just about 2% of those deals got refunded. but the big question on everyone's mind is what's stopping this from happening again? and what is next for the upcoming quarter? that disclosure came friday after market close with a company taking a $22.6 million hit to net income which shaved about 4 cents a share off fourth quarter profit. the company has tapped kpmg auditors to reach compliance in its accounting by july 1st. i'm told this by a source familiar with the matter. but there are two problems at work here. groupon first is moving to a higher price point to beef up margins for those deals where there's a higher refund rate and a less willing customer base to carry through on purchases. the other is hypergrowth. that was a problem well-telegraphed by pre-ipo accounting sna foos. what's followed from the analyst community is a swath of downgrades and price cuts, the likes of b of a, ever core benchmark and credit sui

let's get now to kayla tausche. kayla. >> brian, yeah. we just announced moments ago we were the first to have it that facebook is listing on the nasdaq. a big coup for what is largely an electronic exchange. big coup for bob. big loss for the new york stock exchain. hope to get color from bob pisani in a minute. if you know anything about the company and read mark's letter to potential shareholders in the s 1 this probably doesn't come as a surprise. a lot of companies really look forward to the moment at the new york stock exchange where they're standing on the balcony ringing the opening bell feeling a culmination of the entire ipo process and that's not what founder and ceo mark zuckerberg has been about. this is not a company. it's a social utility. it's no surprise that the company would choose to be among the ranks of some of the more storied tech stories and to save money in the act as far as trading goes as far as choosing the nasdaq goes. this has been an ongoing pitch for several years of course with the facebook ipo in the pip

michelle, back to you. >> thank you, kayla.ndon has been in the news. >> it's a big loan. >> it is a big loan. he has another business that we featured many years ago on cnbc in 2007. he owns a rest stop on route 66. it's the prettiest rest stop that you've ever seen. it's called hops. >> it goes from st. louis to los angeles. >> in cleoklahoma, he wanted to fill it with america-made soda pop. they are craft stee, one is -- >> what opportunity did you have to do this with him? >> i read it back in gourmet magazine in 2007 and wanted to do a story on his soda pop empire. he's won architectural awards. he hired one of the best ark tests in tarchitects. >> it's a very serious problem for the company when you can see what it's been doing. this has been going on for quite a while. it's a sensitive issue. the company says it's not a conflict of interest. i'm not so sure that it is isn't. of course, he's borrowing the one from a co-investor and there is -- and there's a history of controversy with him. a lot of people see him as a hig

kayla golden's husband is left to raise their three children.dom tragedy would strike his family in such a way. >> i loved her, she loved me. >> reporter: and a little baby has been robbed of his mother's love. >>> when we come back, we're going to take another look at the passing of dick clark and a look at his legacy and some of the most remarkable performers he had in just a moment. [ male 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 pro. >>> in our living rooms and our happiest times. enter deucing him to new music. so many of us grew up watching "american bandstand" here's a look at that show. >>. ♪ we're going to hopping on philadelphia day♪ >> this is the day on "american bandstand." the jackson

bob, back to you. >> thank you very much, kayla. all of the major industries posting gains but they are still not out of the red for the month of april. europe has become a focal point, again, for the markets. how should investors position themselves for the road ahead? >> chief market analyst. guys, good to see you. james suddenly here we go again. moves day after day after day for the last week or so. what is going on? >> welcome to 2011 all over again. right now there's uncertainty around spain and the problem with the market right now is there's clear solution as to what can happen in spain. and the imf comes in, maybe not, to be determined this weekend. and so we're worried that nothing is going to happen. at first it gets worse and then we find a solution. that's what we're worried about. >> i think the big story is going to be the fomc. are they going to open the door somehow to qe 3 or change their posture a little bit? >> it will be a modified version of monetary easing but it will still be more stimulation coming from the

kayla tausche is joining me now. kayla?>> neither nyse or nasdaq has confirmed but we have heard that facebook will list on the nasdaq in times square in may. even though facebook was wanting to be a blue chip, it's no doubt that a large cap name would immediately land a fund in the same way that google and apple has and it will be interesting to see exactly how nasdaq did win this. the race is for nasdaq to lose. not only less expensive but home to other legends and for a company it's not surprising and if you're looking at it right know, showing the social names as far as the nyse, we're hoping to get a comment from them soon. what we're waiting to hear is how nasdaq pitched the 8-year-old social networking giant, marketing for the initial trade and going forward is one of the biggest, if not the biggest considerations of a company's listings and the package was very nice. maria, it will be especially nice to see whether they ring the bell remotely from their headquarters in menlo park and whether they come to do it in na

let's go to kayla. >> let's look at free skills semiconductor. it rose throughout the day. you can see it's trading down slightly. the company not only announcing earnings but the ceo will expire. the data coming off of the retirement. down just slightly after hours as the mega u.s. deal maker said it wasn't as bullish for the second quarter as investors had hoped. that was due to increased competition. that's going to continue to hurt margins. finally, starbucks was down throat the day and is coming back sharply. the coffee retailer said they will stop using red dye to color its pastries. no decision was made for the usage of that ingredient outside of the u.s. back to you. >> what happens to the red velvet cakes that you like so much. >> i know. you go to mexico and eat the insects. >> maybe you do. >> kayla, thank you very much. >> it's a high-end thing. it is. it's the nice restaurants. >> it's been a big theme for many banks this earning he's son. no, we're going to go to jon fortt first. >> oh, right. >> more details on this stock that is moving higher in the after-ho

. >> reporter: kayla golden was doing what mothers do, caring for her newborn baby.ronted by another woman, a stranger. witnesses say an argument erupted. then horrifying sounds. >> i was struggling, i didn't know what was going on. but after i heard -- after the fourth gunshot, then i knew something was going on. >> reporter: the attacker shot kayla golden several times in the chest. then snatched the baby. witnesses say golden even after she was shot could be heard screaming my baby. >> the woman has been shot and she tried to get the child from the vehicle. and she was dragged to the ground as the car took off. >> reporter: an amber alert is issued and detectives are looking for the get away car and find it in montgomery county, texas, near houston. a s.w.a.t. team descends on the apartment, and arrest 30-year-old verna dian mcclain. they find baby keegan alive and unharmed with mcclain's sister in a neighboring county that's when investigators begin to unravel mcclain's shocking motivation. >> initially, information is that she did have a miscarriage. she needed

just about 10 cents where it was today. >> thank you, kayla. after the break we have the closing countdown. our all-star team of experts are standing by. first, a look at the major averages. do you industrials off the lows. down 180 at the low. down 104 right now. back in a moment. great shot. how did the nba become the hottest league on the planet? by building on the cisco intelligent network they're able to serve up live video, and instant replays, creating fans from berlin to beijing. what can we help you build? nice shot kid. the nba around the world built by the only company that could. cisco. [ male announcer ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and w

kayla tausche is there with the latest. ty, the inquiry of rupert murdoch was the most highly anticipated appearance of this -- call it interrogation since it began.the committee to the task at hand. challenging a storied mogul not only on a scandal that's taken on a life of its own but also on claims he kept cozily relationships with the revolving door at number 10 downing street. >> frankly, i welcome the opportunity. i've never asked the prime minister for anything. >> today murdoch distanced himself from prime minister david cameron's conservative party but also for allegations that his news corp only sported candidates most likely to win in order to protect his own commercial interests. now, today that laundry list of officials included former prime ministers margaret thatcher, tony blair, gordon brown, scotland and michael bloomberg who's re-election he supported as well as barack obama. and he said his newspapers in the u.s. took an opposing stance to that. but given 60 years of empire building and political hub nubb

in the meantime kayla tausche has additional insight on this.e been working the phones and could be one of coty's biggest gambles so far in the acquisition path. >> in the morning people were talking about a potential rival bid mainly where they were trading to the offer. it's coming down and the market is starting to digest whether this is a real bid. obviously coty as david said would have the ability to increase that offer. maybe not substantially but at least to a point that might get the avon board willing to talk here. but remember the shares that coty's talking about offering right now are coming from the ben kiezer family. there is some doubt when you have a major shareholder selling their shares as part of a deal like this. they want to take some of the value off the table. as far as some of the other rival cosmetics companies go, think about loreal. they would have a hard time coming to an agreement if in fact they were interested in doing it. there were some rumors about three months ago, but these are trophy assets that these familie

it was just straight "f"s. >> reporter: just teenagers, both michael maupin and kayla owsley were at a crossroads: on the verge of joining the roughly half-a-million students who each year dropout of high school. it's a life altering decision. dropouts are far more likely to be unemployed, on public assistance, and even incarcerated. but now, school districts like shelbyville have made fixing the dropout problem a top priority. shelbyville's wake up call first came six years go, when this quiet community of 19,000, its streets lined with modest homes, unexpectedly became the poster for the dropout crisis. the high school, with its roughly 75% graduation rate, was the subject of this 2006 cover story in "time" magazine. >> it was a conversation starter in a lot of arenas and i think that was beneficial. >> reporter: tom zobel had just become the high school principal. it was a time when schools looked the other way and even encouraged some students to dropout. >> there was an emphasis on discipline in schools and so we've got to get these students who aren't going to behave in school

witnesses say kayla screamed, my baby, my baby, as she lay dying. after a manhunt of more than five hours, police found little keegan safe and sound, but they aren't saying where and who had him. earlier, officers stormed a nearby housing complex, forcing their way into one apartment. outside they recovered the lexus. family and friends are now left to mourn little keegan's mother, who died trying to protect her baby. >> keegan's only 3 days old. he needs to know his mom. he can't do that now. >> police have detained one person of interest but haven't released a motive for the shooting and kidnapping. they also say they want to complete background checks on baby keegan's family before he's returned to them. >>> u.s. and nato are preparing to enter the final stages of the war in afghanistan. military and diplomatic officials meet this week to finalize an end game for international troops on the front combat lines in afghanistan. >>> democratic-led senate committees get their chance today to grill the general services administration officials at the c

cnbc's only kayla tausche joins us with the details. all right, kayla, good evening. what can you tell us? >> no secret the bears came out of the woods today causing the worst day for stocks since march 6th, and the worst day for the nasdaq all year with the tech sector sinking 1%. about a percent and a and a half, and the dow holding at 13,74 points. telecom the only sector to close the day in the green. frontier communications getting an upgrade this weekend. at&t reaching a four-year agreement with unions in southeast. you can see that has been good for those two names in particular. also, airlines getting a bid today as well. southwest upgraded at barkley's capital. and delta moving on a report by cnbc's kate kelly that delta is looking to buy conocophillips oil refinery in order to lower its jet fuel costs. you can see delta up 1.5% on the day. sinking $102 a barrel for may crude. you can see after hours it's up just about a half of 1%. the entire commodity complex was in the red except for sugar. you can see now we are seeing some green across the board. natural

we have courtney reagan at the nymex. >> good afternoon, kayla. like another lackluster day here really into the close for both gold and silver as we look at it. gold traded as high add 1654 but ended up closing up just about $2 or so. factors weaker than expected jobless claims and strength in the dollar pairing those gains. silver a better day. and a note out of barclays capital noting exchange traded product holdings for most metals have rej strer stered outflows for the longer term suggesting declining interest there in the long run. tyler, back to you. >> thank you, courtney. it was ground zero for the housing crisis. but it appears now that phoenix is rising from the ashes. builders are knocking up new homes again. diana olick looking at homes where demand is outstripping supply. diana. >> well, that's right, ty. we're just outside phoenix in whitman, arizona, where ripson homes is rising again. today's actually their tenth anniversary. but they haven't built a home in three years. two weeks ago they opened up the model home again and the cu

tyler. >> kayla, thank you.o the nasdaq nearly locked, tech managers have been crunching numbers to figure out facebook's potential weighting in the nasdaq 100 and how its inclusion might impact other holdings. joan, president and cio of gra mercy capital management. good to have you back. >> thank you for having me back. i appreciate it. >> what does this mean to the nasdaq 100 that facebook almost certainly and very quickly will be included in it? >> well, i think that we should step back a minute, tyler, and look at this. groupon went public almost six months ago. it's five months and a week or whatever at this point. and the lock-up on groupon is going to expire almost to the day that facebook is -- begins trading. now, facebook in my view is a real company. and i've been on your network before to talk about the fact that groupon i don't believe really is. >> yeah. you're saying groupon isn't. >> no. i don't think so. and i warned people before it went public that there were accounting issues, there were wha

back to you. >> sounds great, kayla. thanks very much. kayla tausche for us today. tune into the "closing bell" to see an exclusively with, there he is, carl icahn, the billionaire investor. >>> coming up, we're trading brazilian markets with the most wealthy men. and why one investors say it's time to buy in may and go away. an investment opportunity you didn't see before. fidelity's next generation ipad app lets you see what's trending around the world, as well as what over a million fidelity customers are trading throughout the day. and advanced charting lets you customize your views and set up your own comparisons. our ipad app can help refine your strategy or even find a new one. i'm velia carboni, and i helped create fidelity's next generation ipad app. it's one more innovative reason serious investors are choosing fidelity. get 200 free trades and explore your next investing idea. what happens when classroom teachers get the training... ...and support they need? schools flourish and students blossom. that's why programs like... ...the mickelson exxonmobil tea

kayla tausche is live for us in london. kayla? >> reporter: well, ty, the independent inquiry that was launched last summer into media t ethics in the uk has questioned politicians, celebrities. you name it. today james murdoch was in the hot seat. he faced a harsh grilling over what he knew and allowed under his watch at news international. that was based on hundreds of hours of prepared testimony and countless documents that were pored over for that. the early questions today centered on the stark lack of oversight when he took the reins in 2007. why he didn't investigate claims of hacking and big legal settlements that had happened earlier. he said he had no reason to suspect wrong doing and that the editors had held the keys to the paper. now, the commission took the most issue with the way that news corp. and other senior lobbyists in europe dealt with politicians over the hotly contested and long winding takeover, attempted takeover, we should say, of british broadcaster b sky b. >> i don't know the ins and outs of westminst

>> kayla, thanks very much. three to one advancing to declining stocks. we've held the lead all throughout the morning here. volume has been heavy on an expiration day we're having. all the major indexes and sectors are to the upside. few better than the others. lousy week for home data. existing homes disappointing. home builders all up today. positive comments on dr horton going to get earnings soon. i'm not expecting too much here. remember, these stocks have pulled back because the data has pulled back. they're all to the upside today. financials are up as a sector. but if you look at the big names today, this is the one little group that's kind of to the downside. bank of america no traction at all from decent earnings report, not great. morgan stanley, citi, regions financial, key corp. all to the downside. it's a lit notable here on a day when most stocks are up three to one here. as for how we've done on the week? i know nobody likes the idea of decoupling, but the fact is the s&p 500 is up on the week and the rest of the world is mixed. germany u

thanks so much, kayla. certainly a story we'll continue to watch. >> let's pull back and consider the bigger picture here. we mentioned to you earlier on the surge in the bond market today pushing the yields on the 10-year back down to 10%. let's cross live to the cme and holly liss. welcome to the program. is this because we're now more do downbeat about the economy? or we think we might get more action to suppress interest rates from the fed? >> well, i think one of those follows the other. so i think both of them are contributing to this rally we're seeing in futures prices and this decline in 10-year yields close to 2%. i mean, first you started with the important nonfarm payroll data and then you get the complete reassessment of whether qe-3 is on the table or not. i mean, following the minutes we had midweek last week, many people seemed to think that the qe-3 was off the board. and now you get nonfarm payroll and it's back in play. so i think if we start seeing more economic data that's going to conf

hi, kayla. >> hi, barbara, good morning.kets today are sliding lower on lingering concerns over comments from the federal reserve released yesterday. the fed indicating another round of stimulus is not in the cards. that's leading the dow off almost 150 points. the s&p down 15. and the nasdaq having its worst day of the year, down a little bit over 50 points. economic pressure in europe also weighing on the market, an indicator of eurozone corporate health fell in march. that and spain and portugal both trying to sell more debt to investors. only portugal emerged successful, but even so, an eu commissioner today said portugal may need more financial assistance. a lot coming out of europe. also today, president obama is expected to sign a bill banning lawmakers from trading on confidential information. the so-called stock act has already been passed by both the house and the senate, and it prohibits employees and families from all three branches of government from trading on securities on the basis of nonpublic information th

we'll go back to kayla. umbrella maker doing particularly well here in the month of april, jackie. >> lots to watch out for, hoping she stays dry. meanwhile here in the state it's all about apple. blowing past forecasts on the sales of the iphone especially in china. revenues rose 54% and apple sold more than 35 million iphones, well above the estimates of 30 million. sales in other countries rose five-fold. ipod sales were better than expected. and macs were inlied. appling has a cash hoard of 1$10 billi billion. we saw shares rise here in the united states. in frankfort they're at 10%, 4.53 at 0.50. you can seaver i zon, qualcomm, broadcom up in the session. joining us now, our guest for the next hour, julia. great to have you with us. let's go ahead and start out with the apple number. can't oig nor the results. it's if uny because the expectations were that there might be some -- potentially some problems with the iphone and ipad sales but clearly not. >> absolutely, absolutely. apple is blowing the roof

kayla tausche is there. what's the key take away for came? >> luckily the rain hasn't set in just yet. we are awaiting the arrival of james for what could be six hours of questioning. remember, the inquiry has gone on for five months, but this is the first time the murdochs have been in the hot seat. they're facing mounting regulatory issues. we'll tell you what they're expected to say after the break. >> we have slightly more time with you, so i'm going to use it. what in particular are you going to be looking out for? >> well, i think that the inquiry took a turning point in february when police dep pew it i assistant commissioner sue acres took the stand and said there was a culture of illegal payments, not only the news international media problem, but all across the uk media industry. and that's after testimony in 2003 where rebeckah brooks did admit they did bribe police to get certain stories. i'm interested in hearing whether it is widespread, what the totals were and what implications that could have not only here in the uk, but pote

they say she struggled with kayla golden before shooting her and then taking her 3-day- old bay.our hours later, police found the boy unharmed with the suspect's sister. the suspect had a miss carriage and was -- miscarriage. >>> president obama is looking at a plan to stop excessive speculation in the oil market. the plan to ease gas prices. >> reporter: ask anyone who they think about gas prices. >> crazy. >> ridiculous. >> pretty expensive. >> reporter: supply hand demand are one reason. but wall street is another with crude prices above $100 a barrel since february, president obama calls for a crackdown on traitors. >> we can't afford artificially manipulated markets and driving prices higher. >> reporter: a study by the st. louis federal reserve finds after global demand speculation was the second largest contributor to oil prices accounting for about 15% of the rise. >> high gas prices is a problem, exam belling by speculators on wall street. >> reporter: michael greenberger was a commodities watchdogger during the clinton administration. >> we could get speculation out of

i want to bring kayla up for a very quick moment. >> i wanted to sing a song. ♪ >> ♪ you are an angelangel with wings -- with no wings but your feet never touched the ground you have got dreams you make me believe you make me believe you make me believe in angels you taught me to envision so much more or else be imprisoned in a world too small utah to me to be mightier than the greatest -- you taught me to be mightier than the greatest and no matter how heavy a load i always take the high road end because of you -- and because of you you make me believe you make me believe you make me believe you make me believe in angels and i am just one more fed their -- one small feather in your dream ♪ [applause] for us, and it makes me emotional, because that song was absolutely perfect for the reason that jules is going to , and so is rose. ladies, get on up here. as i mentioned to you earlier, our fiscal sponsor his women's in a cultural network. it was started by an angel, and we are all the others in her wings. one of the most incredible women. she has worked for years with planned parenthoo

kayla, thank you very much. kayla tausche is monitoring things in london for us. in other corporate headlines today, texas instruments is posting better than expected earnings and revenue. perhaps more notably, the which i am chip maker forecasting growth ahead of wall street's estimates. analysts say the news signals potentially the end of a prolonged inventory related decline in demand. earnings down about 60%, but that was better than the street has expected. it was a different after hours story at netflix. the video rental company is projecting slower subscriber growth for its key u.s. video streaming service. shares of netflix got killed, down about 16%. the company added customers, but that is a business that is critical to the company's future takes moves away from mailing dvd and signature red enveloping. i think they're talking about 200,000 subscriber adds after something like 1.7 million before. so a big rush of people to sign up. the question is whether that growth can continue and the company saying no, probably not. >> was part of the issue here the

kayla? they saw the groupon stock taking better than 11%. after hours it did get recovery and that's because of the financial expertise of the two members that will be taking the place of howard schultz and set to retire at the beginning of june and also the cfo and trying to bolster the expertise on the board. one of the big things raising the question and from the excel partners and the lock up on groupon shares, whether this means excel will get out of groupon completely after selling the shares in the offering, that could bode poorly. down 66% from the ipo price. we definitely want to see what the numbers look like. >> we want to bring in the next guest. rick summers at morning star has us celebrating on the stock. he had those ratings in that target since groupon's ipo and he followed the advice and would have avoided a 38% loss. he joins us on the fast line and it was widely expected that they would be replace and does this make the situation more attractive at this point? >> maybe less unattractive. they can be bold to call it more at

kayla, over to you. >> the worst performing sectors which was sector of the first quarter. down the most of the day almost any sector besides financials, take a look at the laggards. sandisk following micron and monster. they are betting on a recovery by summer for those shares. monster worldwide falling better than 2.7%. even though we had an upbeat gdp report. soaring near the $33 mark, up 5.5% at the close. numerous reports about the fed potentially selling a third batch of assets, couple that with an upgrade from bernstein and that batch up closely. one of the positive s&p, 2.5% but if you'll take a look, it's at 22.75, still below the offer it rejected from coty. maria? >> kayla, thank you so much. >>> concerns that qe 3 is becoming less and less likely slowed down the sales in march. one market is not concerned. bill gross saying that the market is overreacting to the federal reserve. >> i think it's much to do about nothing or much to do about little. bernanke is obviously the queen. yellin is the queen and the rest are knights. so i think you have a story when one o

kayla has the numbers. >> high-flying ipos got off the ground this week.hey saw so much demand early in the week, they both priced above range and debuted a day early. plunk rising 18.7%. info blocks and mid state petroleum also received well today. a total of 53 companies have gone public so far this year, a rise from last year, but that's just chiselling away at a clogged pipeline, according to renaissance capital. some on wall street fear a slowdown as a decreasing number of companies to join them. back to you, jackie. >> thank you, kayla. >>> larry, your kind of story, a new furnace company in north carolina, ashley furniture announcing a new plant, hire when it's up and running. >>> america coming back. thank you, folks. >>> sex and scandal. who is in charge? where is the presidential oversight? and the gsa wasting millions of taxpayers dollars. later on in the show, my man cramer on the new tech companies. the hint, none of them in silicon valley, but they're developing and innovating like crazy. today is gonna be an important day for us. you ready?

it was just straight "f"s. >> reporter: just teenagers, both michael maupin and kayla owsley were at a crossroads: on the verge of joining the roughly half-a-million students who each year dropout of high school. it's a life altering decision. dropouts are far more likely to be unemployed, on public assistance, and even incarcerated. but now, school districts like shelbyville have made fixing the dropout problem a top priority. shelbyville's wake up call first came six years go, when this quiet community of 19,000, its streets lined with modest homes, unexpectedly became the poster for the dropout crisis. the high school, with its roughly 75% graduation rate, was the subject of this 2006 cover story in "time" magazine. >> it was a conversation starter in a lot of arenas and i think that was beneficial. >> reporter: tom zobel had just become the high school principal. it was a time when schools looked the other way and even encouraged some students to dropout. >> there was an emphasis on discipline in schools and so we've got to get these students who aren't going to behave in school