you mentioned apple. not just apple down for the week. take a look versus the s & person 500, losses for the past week are double that for the s & p 500. >> it looks frothy when you look at panera, yum, where tech is concerned, we saw google. looked like decent numbers. apple, we saw sandisk too two weeks ago, not an up day since it announced. awe supplier to apple. everybody thinks the apple supply chain, best thing ever. it's not. look at nokia, squeezing the heck out of suppliers and it's sucking the life out of market caps over the market. >> financials, two great barometers from jp gorman. the space battered across the board. concerns out of europe. we saw banks sell into the european close and u.s. banks take their lead from that sell-off and dan, next week, you take a look at march gone stanley, the most correlated to european banks of late. >> we had wells fargo and jpmorg jpmorgan. as good as it gets. at the end of the day, morgan stanley down 8% on the highs here. really tough to press short in a very uncertain market. the impli

especially you mentioned apple. it's not just that it's down, but versus the s&p 500, its losses are about double that of the s&p 500. >> it seems frothy when you look at panera and yum and starbucks with all-time highs. but as far as tech is concerned, we saw google, looked lie ke decent numbers. apple hasn't had an up day since it pre-announced. everyone positions the whole apple supply chain is the best think ever. it's not. nokia is squeezing the heck out of their suppliers. >> let's focus on some of the financials. we have two great barometers. we saw the space, though, completely battered across the board. part of it was concerns out of europe. we saw the european bank sell into the european close and the u.s. banks take their heed from that selloff. and next week you're a taking a look at morgan stanley which has been probably among the most corrolatesed to the moves of the european banks of late. >> and one thing that's interesting, wells fargo and jpmorgan this morning, that's probably as between as good as

. >> can anybody cheer us up out without mentioning apple? yves? >> i'm not the person to go to for optimism. >> okay. we'll have to go to the audience for that, i think. >> we should -- antonio grampsee, optimism of the spirit and pessimism of the intellect. that's the only way out of this. we have a problem and we can't dig our heads in the sand. there's certainly a way out of this. there is a map out of this. it's not on the table right now. but that's the optimistic message. let people know there is a map and they will demand that map. if we don't offer to it them i get politically pessimist tick as well as economically pessimistic. >> those that are on this side and the far side of the room if you would like to cue up, please, share your name and organization. >> if you'd like to cue up, please, and share your name and organization. >> you had a comment while they're lining up. >> i was just going to -- >> sorry, peter. >> i was going to maybe go out on a him and say that the euro will likely survive. >> growing concern. >> certainly the devel

you mentioned apple. you have a few stocks that are really leading this market. apple starts to break down a stall, what happens to the nasdaq, what happens to the s&p 500? >> i think that the earnings beats are good and they're stopping the market from really going down, but i think the market started this decline when the economy numbers started coming out, you know, including the jobs report. when you look at the chart, it's just kind of flat to down, what's your take? i like to be optimistic, but it's hard. >> you're always optimistic. >> you're setting me back here, but look, the numbers have been stinky for a long time with the exception of several quarters here and there, we get a pop, but running with a big output gap for a long time. the dow is like 7% only below it's all-time highs. i like at -- larry, i look at one number. that's the deficit as a percentage of gdp. at 7%, it seems sufficient enough to support aggregate demand, so we're going to cruise along at a 2%. >> they're bad -- >> why do you think their goo? >> it's the opposite. >> and waste mone

you can't mention apple if you're a supplier to apple.this hidden, lurking beast that we all love. >> i think you made a great point. you guys were talking this morning on "squawk on the street." the issue with r.i.m.m. and nokia, i just can't break it -- >> other operating systems go to android, tweak it to their own spec. >> there should be a white flag. companies should be able to put up a white flag and say, listen, we're kind of done. >> i was accused for depending nokia. >> the ceo should be paying, okay, stick a fork in himself. i'm sticking a fork in myself. i'm done. did you ever coach little kids? >> no. >> 6-0 when -- when you get to 6-0 -- they should say, listen, 6-0, i'm done. >> right. >> we're done. they should call it a game like nokia. i'm calling it a game. game call. right? there should be a thing, a provision. a guy says it's over. >> isn't it called the share price? >> they do stop at zero. >> bingo. it's the only measure is the stock price, the report card for the ceo, period. >> green mountain coffee ceo. good, bad

qualcomm will not be able to mention apple by name without fear of losing their business, but you might want to pick some of the world's largest company up too. before qualcomm reports. because apple was pretty horrible today. we also hear from american express wednesday afternoon. i think axp will tell you that business is coming back strong. the stock tends to get hammered instantaneous to when it reports. and then spends a couple of days wandering the wilderness before then rocketing higher. since it's owned by my charitable trust you can follow along by subscribing to actionalertsplus.com. i'm going to be all over and give you i hope a good quarterly analysis when we come in the next day. thursday will be the roughest day of the week, and not because of earnings. we have a gigantic spanish bond auction that morning. a ten-year bond. and i've got to tell you, i think that auction could go terribly. i think it will be awful. and that's going to control the action in the a.m. you need to know this so you don't get too aggressive on wednesday and then find out that spain did you in if t

but as you mentioned, apple took a bite out of the nasdaq, the stock has fallen for five straight days losing nearly 10% after hitting an intraday high of 644 a week ago. apple accounts for 12% of the nasdaq index, and there are reports that mac and ipad sales may be disappointing. apple's going to report earnings next week. the asian markets were lower overnight, european markets were higher. and we get information on housing and industrial production. all reported earnings already actually ahead of the opening bell. the numbers looking good at this point. we saw the dow rise 71 points to 12,921, the nasdaq losing 22 yesterday to 2988. and cnbc has learned that delta airlines' board has signed on a plan to buy the conocophillips refinery. the deal could be worth between $100 million and $125 million. it's configured to make jet flew. jpmorgan would be involved buying and shipping crude oil and paying for it to be refined into jet fuel. >>> and the u.s. postal service's biggest union is critical of the agency's restructuring plan. the national association of letter carriers saying that

i mentioned apple and google take a look at this. apple worth more than half a trillion dollars.is about $208 billion. if these were planets, they would be jupiter and saturn. yahoo is a much, much smaller company. let's talk about a new generation of companies. why are traders on the new york stock exchange wearing bunny ears? annie's opened the stock exchange this morning. stock has been doing very well. down about 30 cents. yahoo gained about ten cents on the news of its layoffs. >> thank you very much. 6:55 now. one person is dead. several others injured. after a construction accident in new york city. it happened last night at a work site in manhattan. several large sections of a crane just came crashing to the ground. construction worker died, a second person seriously injured. construction crews were working on extending a subway line. >> this is wild. last-minute decision in a connecticut convenience store literally saved a woman's life after suspected drunk driver plows right through that front door. take a look at the surveillance video. peterson said she was about to b

you mention apple, you lose apple.s sitting there saying, i hope that qualcomm mentions apple so we can get that business. >> right. in terms of the supply, the pipeline, i should say, 370 devices use qualcomm chips. this is why we talk about qualcomm so much. the chips go into all of these devices. you like iphone, you like android. qualcomm is the play. they have 400 other devices in the pipeline that are being designed right now to use qualcomm chips. that's the bull case. >> monster story. david has talked at times about how 4g uptick is going to occur. david, if you need 4g, 4g is synonymous with qualcomm. >> it is. it is synonymous with that. when we talk about full penetration for wireless phones, it's not about finding new customers. it's about selling them more. 4g plays into that dramatically which is why we look at the average use per user. i don't know if we've taken a look -- talking about ebay. i may have missed it. have you guys mentioned it? >> it's remarkable. >> up over 10% now. >> new 52-week high. >

we mentioned how apple and price line were up already in a down take.hat's a story we'll continue to follow. next it is trouble brewing for old media stocks. we are going to trade your tweets, as well. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ with rent2buy from hertz car sales, you skip the lots... and pushy sales people... it's a fast, easy way to buy a used car. three days to try. zero pressure to buy. it's just another way you'll be traveling at the speed of hertz. >>> beautiful easter monday in manhattan. correction protection. two market analysts on what has them worried now and where they see opportunity for the future. investor be ware, a senior risk analyst names the four biggest threats to your portfolio. and after a slew of downgrades, find out if media stocks are now a bargain. we'll see you on "power lunch." now back to the master of halftime. scott "bubba" wapner. >> thanks, ty.

helping to oversee the declines in the housing starts to production as well that also worth mentioning that the apple stocks actually improved over five percent that's the biggest increase in five months we've also got coca-cola to the world bank of america citi group seasons the laws such as are coming out today including tesco in the u.k. the i'm going to watch out for the myself and that is a couple of russian markets but less than an hour to go until the bell here i guess foremost one of the biggest losers for him by over two and a half percent after president putin said the gas that to doesn't pay nearly enough tax as well as that was also arrested and that they expect the russian economy to grow or the sense of the current as a rule will be trading in less than an hour's time as you can see how the mix performance against the basket of currencies also figured it is down and that's the third day in a. fourth of the trade is a favorite path if we look up oil oil was also discussed in the imax of reports they were saying that they're expecting it to advance ten percent this year that is because of

one of the things you also mentioned, i read that you mentioned about apple, how they also kind of haveprice compete clause with other companies in the silicon valley and how they kind of keep workers, not just products, but workers, their salaries, basically, capped because they don't compete with one another. can you get into that a little bit? >> what we're seeing in the book industry is something that we're seeing throughout the american economy. it's not just on the internet space, it's in the electronic space, it's in retail. we've seen, over the last 30 years, and it's accelerating over the last few years, this really radical roll-up of control over the u.s. economy to the point where in many ways, the u.s. economy now looks like it did 100 years ago during the year of the plutocrats. that not only affects us as consumers but it affects us as workers. that's what i was writing with respect to apple. you have fewer employers, fewer people with whom to sell your labor. so we get the short end of the stick on both sides, as consumers and as workers. >> karen? >> so the question i ha

you also mention the apple and google and facebook revolution. i love that stuff.ut at the same time, you got president obama out there today addressing the building trades. he is bash billionaires. he is bashing millionaires. he is bashing business. and i think jimmy's point is correct, dan. no matter how you slice the pie, this has been a slow based job recovery and a slow-based business recovery despite the fact that you correctly note they were swimming in profits. you to ask yourself, dan, why don't they create the kind of jobs, why don't we have higher employment as a share of the workforce like we used to if it is all so good? >> let me just take the other side. people talk about the prospect of a louisiana decade like japan had. we had one. 1999 to 2009, no growth in stock market, no growth in jobs, no growth in income. there has been widespread restructuring. so in the book we talk about we have internal resources, ie natural gas, but also our ability to restructure, find efficiency, figure out new business models. and looking around the world, the global

we should mention apple -- excuse me, jeffires is raising estimates basically on itv.raising the price target up to not as high as 1,000 but $800 and they do outline a bullish scenario in which they see the price going to $1,000. but another bullish note on apple, jim, apple struggling to stay in the green at this point with most stocks down today. >> what did you think about the itv numbers? extraordinary. >> i thought they were pretty high. the average selling price would be $1,250 which is high for a tv and the gross margins about 30% which are also very high for a commodity product like a tv, but they are apple and they do command a tremendous margin. and their assumptions may be bold but so are the assumptions across the board for apple products. what did you think? attainable? bullish? >> i haven't seen the ro duct yet. look, i was initially thinking why do i need an ipad? >> you need one, at least one. >> at 1:35 p.m. today for mlb.com, i want to watch it on my 4g ipad. here is the issue i have with apple. unless the tv is revolutionary, why would i get it? >> e

>>shepard: apple has mentioned parents can restrict this activity.ri: don't give them the password. that simple. and it make sense. they are not talking today but not past they say, look, our contract is not with the children. our contract is with the parents >>shepard: hello? >>gerri: silly. get your kids under control and change your password. for the love of god. >>shepard: give them the password for the itune' account may as well give them the checkbook and a big wad of cash. if they do, spank their butt. >>arthur: that is a topic for another day. the kids are so --. >>randy: thank you. >>neil: until you got here it wassing in but a men's locker room. glad to you have. everyone got their clothes back on. gerri willis spectacular to see you, we will watch for you tonight on the willis report on fox business network. republicans in the house of representatives force the tax issue to the floor. they say it will help small businesses. but in a bit of an odd deficit democrats are accusing republicans of helping only hollywood types. rich celebrities s

. >> apple, you mentioned on tuesday. what happens, whether they hit or miss?expect the stock to gap quite significantly. >> either way? >> i see the stock as rolling over. >> it's going down no matter what it does. >> there's a lot of expectation built into that stock. >> let's bring it up so we can see it. >> well, this is actually a chart of apple. we see it intraday. it's moving sharper rather than lower. it's a big aspect of the nasdaq composite as well. >> yep. >> i expect apple to continue to head lower. when we look at the composite, the important thing about this is the advanced is so far that around 3120 -- it's right here. 3120 is the 50% retracement of the entire decline. i expect the composite to sell off as well. >> wow. >> all right. happy friday to you. >> happy friday to you. >> thanks for coming in. bob? >> dow jones industrial average is down and nasdaq went into negative at 3:00 eastern time. just about 20 minutes to go before the bell. the last same s&p was on the bell, he said that his market was overbought. find out why he's turning more

checking the market's the dow jones is watching apple dropped you mentioned to gas prices we know they're finally backing down how does chicago compared to the rest of the nation we are seeing a large drop ... aaa says it's down 11¢ from one week ago in chicago a larger drop than the rest of the nation ... $4.23 a gallon which is just below los angeles and new york ... president obama has racked and a hefty penny for his reelection campaign the president has raised more than $53 million in the month of march alone that some shows the president's fund- raising is on the rise as the money race for the general election heats up within 190,000 people donated to obama for the first time in march mitt romney is the likely republican presidential nominee expected to challenge president obama in the november election he has not yet released his fund-raising numbers for march the u.s. senate may take up debate this week on the so- called buffett rule named for the billionaire investor warren buffett the proposal would minimize 30 percent income tax rate on people who earn more than a million dolla

apple. just as a wrapup, let me just mention the fed. we're going to get some guidance on growth from the fed and an update on the latest seven minutes. so we are looking forward to that news from the fed on interest rates later today. that'll guide much of the session. back to you. >> jeff, thanks so much. apple shares up 7%. about 40 bucks a share. jeff cutmore, thanks. by the way, 385,000 iphones sold per day in that quarter. that's 16,000 iphones sold every hour in the quarter for apple. unbelievable. >>> still ahead on way too early, the nba hands down itsç punishment to a guy who called himself metta world peace. was the penalty stern enough? that story tonight and baseball ahead in sports. plus, it's your one moment with the president of the united states to get one shot at the story you'll always tell your friends and loved ones. a story that will be passed down through the generations. what do you do, you spill yogurt on the guy's pants. that painful story and a check on weather when "way too early" comes back. ♪ >>> singer lis

so, it should be no surprise that apple was the strongest in the tech sector, jumping almost 9%, as we mentioned earlier. that certainly helped other tech firms doing business with it. corning makes glass for smart- phones, and an analyst at r.b.c. capital markets thinks corning's tv screen bunessould g a boost if apple ever launches a tv product. shares of corning were up 7%. broadcom supplies apple with wireless semiconductors. shares popped more than 6% on the back of apple's success. airplane maker boeing helped the dow industrial index take flight today. stronger sales of planes fueled by a strong first quarter. earnings were much better than anticipated, and so were revenues. boeing was successful by increasing its production of airlines to help meet higher global demand. sothe stock pped $77 per share, their highest since may. volume more than tripled. boeing is confident enough in its prospects that it increased its financial forcast for the full year. boeing has been able to increase its production of its new dreamliner 787. meantime, caterpillar was digging a bit of a hole with its sto

as you mentioned it could be due to apple which recorded that second quarter of profits nearly doubledcrushing the analysts' forecasts and selling the iphones in every corner of the globe. apple shares jumping 7% in after hours last night. overall, waits good day for stocks yesterday. closed mostly higher on positive earnings from the likes of at&t and mmm and united technologies. we saw asian markets, european markets higher today and we are going to get data here in the states on demand for durable goods and earnings. just coming out from boeing, caterpillar, and eli lilly. the fed wrapping up the two-day policy meet thing afternoon with a decision expected at 12:30. the dow rose 74 points yesterday to close at 13,001. nasdaq slipping eight points to 2961. meantime the senate may vote today on a bill that could save the u.s. postal service from bankruptcy. measure would give the agency an $11 billion cash infusion but also makes it harder for the postal service to close thousands of underperforming post offices and end saturday delivery which it said it needs to do in order to become

as sean mentioned earlier, he's looking at 33% gross margins. the appleed to less than that but really this comes down to iphone and ipad performance, mostly iphone. the question is, did overseas iphone sales make up for what we see as a shortfall with at&t and verizon. 4.3 million iphones sold. a little bit of tension here, apple's growth trajectory has been and what been and what apple expects it to be. we'll see. maria? >> check out this stat. rilr since the close on april 9th, market value down nearly $71 billion. warranted? >> no, i don't think so, maria. warranted?en the >> no, i don't think so, maria. i think when the computers get somehed selling because some number doesn't miss a target, going to wake up and look at where this is selling relative to other big consumer product companies, like m people are going to wake up and look at where this is selling relative to other big consumer product companies, like m mcdonalds, be general mills, warner, viacom. cook at the leveraging $50 billion. m.at is look at the leveraging $50 billion. suat is ting

he told the guardian he blames the government as well as facebook and apple for impeding internet freedom and also we should mention today marks the beginning of stop sign over spying week all as congress continues to weigh the goods in the bads of the cyber intelligence sharing and protection act of twenty eleven also known as suspect now earlier i spoke with trevor tim an activist we've with the electronic frontier foundation about all of this and i asked him who is winning and who's losing when it comes to this battle over the control of the internet. well i guess it depends on who you ask i think sergei brin was referring to what he's talking about governments he was talking about or syrian government to mention saudi arabia and china and iran as examples of governments who are restricting internet so much that sort of things can't do what they want here in the u.s. we have a different problem right now the government is trying to go after privacy online with the new stiver security bill that talks about information sharing between governments and companies now the problem with this bill is that companies will

and really the fed chairman has mentioned that that is his intention apple has benefited from that.r company, but would it be trading wheres right now if, let's say, bonds were yielding 4% or 5% and short term -- that is short term. >> fred, what do you have from the market side? >> i'm not really a market player. >> do you work with apple? >> well, we can finance exports that leave the und. apple makes almost everything overse overseas. imports get here without any help from us. >> but we've seen imports would need the help because it's other nations that you have trouble accessing credit and the u.s. would seem to have plenty of the private sector structure there. >> certainly it's focused on job creation. i think we're seeing a strength in australia, a lot of mining. we soo a lot of strength in the mideast in terms of power and investment. that's where i see exports going a and. >> some people don't necessarily look at it as a dow bellwether. give me one other big company that you will really look at and say this is what's going on with corporate profits. >> i'd have to look at t

apple. the movie production is expected to begin in may. >> set your alarm clocks early. you do not want to mentioneturn of katie couric 2 "good morning america" tomorrow. >> good morning, america. >> we are happy to have you. >> this is her first time hosting since a five years ago. she is studying this week. -- she is subbing this week. >> we started out with a good deal of sunshine. the clouds had rolled in. we will see everything clear out of here early in the morning. quiet, but just a little damp downtown. we will look for drizzle and showers. but otherwise, it will be sunny tomorrow. 63 degrees was the high at reagan national. looking outside, this is a time lapse before the cold front arrives. the clouds began to increase. then the clouds had showers. six58 to degrees now at the airport. over western maryland, over four tenths of an inch already. our final stop takes us over to winchester with a temperature of 53 degrees. temperatures across the board are solely cooling -- are slowly cooling. the warmer air is down to the south and west of us. we will see a balance in temperatures come to w

mentioned microsoft. i'm greatly relieved, but more worried about apple. down eight of the last night danes. again going to do north of 30 million shares. when apple starts having he vi volume as it has the last six days, the market gets flutter ri. we're sitting at a one-month low for apple. there's the thing i'm most worried about. >> it's amazing. apple by the way is down 10% from its high on april 10th. quite the couple of weeks for that company. bob, thanks so much. rick, the big event everyone's talking about is the french elections. what do you think happens on sunday if it looks like [ inaudible ] is leading here. >> i'm not sure how the outcome is going to be. certainly looks as though sarkozy doesn't make it on the first vote his tenure could be coming to an end. now, whether that occurs or not, i think what's important here is the threat between politics, citizens and many of the programs and leaders around the globe. and i think we're going to have the same issues in this country. listen, if the population doesn't really get the issues, they're always going to vote for the path o

apple and google still dragging on tech as you mentioned. edison international, one of the utility outperformers today. outperforming on oil out in the sea pb a range of 1601 to 160 million barrels. you can see shares are up about 2.4% with the best of the utilities performers today. baxter plummeting because the fda is requesting more information on the company's joint immune system disease drug in development. down grading to market perform but research firm believing the sell off is an opportunity to buy shares of baxter which are down more than 6.5%. why not end with make-up and toys. it's monday. privately held, cody, that owns avon. investors aren't moved to the upswied that offer. avon shares down almost 2%. mattel selling off big time, almost 10% after toy maker showing disappointing earnings. hot wheels sales not so hot. and barbie as well. i made sure my mother hung on to every last one of those barbies. >> and you still have your ken doll. thank you, courtney. >>> treasuries rallying again. seeking out relative safety of u.s. debt

." >> you know, carl, i want to ta talk, look at apple today, you mentioned earlier, look at the intradaysal again, the super bowls, those that have said that the s&p will be 1500, 1550 later this year, they love the action on the tape today. we're getting this reversal continuing in apple. it's not having an impact at least today on the overall s&p. many of those super bowls have been pointing out to me that this is great, great action. >> not only that, spain and france, their fifth straight week in the red and we're up for the week. >> yes. when we were on the exchange earlier this week, we ted out many days what the impact has been. i'll watch you at 2:00 on "street signs." >> i'll head them in just a moment. rick santelli, you're looking at spread between credit markets and equities. >> absolutely. ever since the credit crisis and the liquidity, i have been remissed in recommending selling equities. there are many companies doing well in this environment, it's

apple or a google. >> we own intel and as you were mentioning, we love the 3% yield and they continue to reinvest in termsthe sales. that's a great name and we did own ibm and sold to warren buffett. >> it's been great to meet you. thank you very much. the meeting is one of the big events on deck. certainly tomorrow and the day after. we will head to the currency marks to find out how you can be positioning for that. stay tuned. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh >>> it has been a bad day for shareholders. allegations over the weekend for the "new york times" of systematic bribery in mexico. down almost 5% by the close. you hold wal-mart? >> sadly i hold. we sold some and it gets worse before it gets better. you never want to see this on the front page of the "new york times" as a shareholder. i think that -- i'm not surprised it happ

apple. we're watching this. not a bad day. as we mentioned, the fed, of course, in focus, raising the economic outlook for the year. expectation of unemployment decline by the end of 2012. timothy geithner, meanwhile, is touting the administration's efforts to create jobs and boost the economy. that's where we find john harwood who sat down exclusively with the treasury secretary. over to you, john. >> hi, maria. i talked to secretary geithner here just near portland, oregon, as he toured a factory that makes street cars and other goods for the government, including material for the navy s.e.a.l.s. he addressed the concerns about a global slowdown that fed chairman bernanke was addressing earlier in the day. he was particularly aggressive in rejecting republican claims that the prospect of tax increases is harming economic growth in the united states, especially an op ed that came from a top adviser to mitt romney saying that it will require an across the board 11% tax increase on americans earning under $200,000 a year. here's tim geithner.

apple is a good thing to look at here. and you mentioned technology. you continue to like tech.orried that tech will show its cracks and leave this market lower. >> i think technology still has -- i don't think it is expensive. i think it has been in the doghouse or has been in the dog us what for years until a couple years ago. that makes very interesting companies. >> are we making too much of the jobs report? >> no. i think the market made just the right amount about it. >> down 150 or so off the open. was it really that bad? >> not that bad. >> tom made a great point when he said claims have been in line here. so one bad jobs report, depending, bad is in quotes. >> and 1% off the market is not an awful lot in the general scope of things either. a sharp decline but reasonably modest. i think unless you see cockroaches or a few more like this, it'll be okay. it is not expensive. >> can the market continue to go higher without the fed? without the fed being there? >> no. but i don't think anything can go on without the fed. the fed wants you to take risk. the fed won't push mon

in the marketplace that is going to be a calendar fourth quarter or apple fiscal fourth quarter 2013 event. look, as we saw, i mentioned 120% increase for iphone sales last quarter when they had a new product. i think the anticipation is that iphone 5 is going to be anticipated. there is anticipation around it but we're talking about a calendar q4 fiscal year q1 event. >> so let's stay on that point for a second. with the latest launch of the iphone 5, is it then most important to pay attention to the guidance? in past years, apple has been incredibly conservative on the guidance because it's preceding a new iphone refresh that you normally get in the summer. now that it has pushed back, is the guidance story different than it historically has been? >> i think apple has an historical pattern guiding very conservatively. so the vast majority of quarters have back tested this. i think it's 80%. they guide below consensus. so if consensus is looking for a number close to $10, you know, we think sort of normal or typical apple guidance might be for $9 or something in the low $9 range. obviously if they blowout tonight, we

qualcomm we would be remind not to mention, so in a lot of ways, there are some warning signs for some of the previous market leaders. >> let's cut to the chase on this. apple is out with earnings nest tuesday, dan now has an options trade who will make money if it goes up, down or actually does nothing at all. it's an options strategy that is called selling an iron condo. here's how it works. the run the strategy when you think a stock is range-bound. you make money by and out of -- now, it sounds complicated, but the bottom line is you want the stock to effectively go nowhere by expiration. with all that said, dan, what is the trade. >> that's a great description. it sounds complicated, but in a lot of ways you're defining your risk. in the last ten days, the stock has been moving around an awful lot. i'm willing to make the bet that things will settle down after earnings, that it's not going to be a huge surprise one way or another, and some of the people that had the angst of buying it above 600 and selling it at 570, actual settle down after tuesday, so i would look at the weekly options, and i would sell an iron connedor, so i want to sell the april w

mentioned the u.s. centric companies, restaurants, some retail as well. why are apple and google your two biggest holdings and yet you don't talk about technology as being very much in favor, at least in the way you think about the market? >> right. no. that's a very good.. one of the reasons i'm so bullish on the united states, scott, is that the u.s. is the leader in many technology areas. we are the leader in, you know, the internet. we are the leader in software. so, and as you know, these technology companies have unbelievable business models. they outsource much of their manufacturing so they have high margins and generate free cash flow and can sell their products virtually everywhere in the world. i am bullish on technology. apple and google are i think very attractively valued and have low good long-term products. >> hey, brian kelly. you talked about your ability to talk to management of these large companies. while you're talking to them every day, what do they think about europe? how is their european business doing and how does that impact how you invest?

. >> caller: in their recent earnings they mentioned an increase in demand for gorilla glass, and it's used in the appleevision, and i was wondering how you feel about that long-term as an investment. thanks very much. >> i'm hoping this is the break-out quarter because i like these guys so much. we've had the cfo on, but i got to tell you, i need to see more than one good quarter from corning. i need to see more than one good quarter because they have disappointed after good quarters. i'm willing to miss the next two points to see if i get a good quarter. let's go to donna in texas. donna. >> caller: hey, jim. how are you? >> pretty good, donna. how about you? >> caller: i'm doing fine. jim, my husband and i watch "mad money" practically every day, and we count on your help for small investors like us. >> that is the secret. that is the secret. that's what i'm trying to do. to appeal to you. i don't want the hedge funds. i can't beat those guys off with a stick. i want you watching. how can i help? >> caller: well, you're one of a kind, jim. >> thank you. >> caller: we bought ups last september, so we'

no mention of the twist whatsoever even with the influence of apple if you get a big downdraft in stocksmplex. but if stocks go up and i think that most likely they're not going to be hugely affected look for treasuries to either stay where they're at or rally a little bit at least that's my take, back to you. >> markets will be hyper sensitive to anything fed related in the next few hours. gary, great stuff inside goldman. your takeaways on specifically what blankfein had to say. >> yeah, thanks, carl. you know, before we get to lloyd, let's talk about growth. growth is a major themecross all markets so that is one thing i will take away in terms of thinking about investing but lloyd blankfein, if y an investor in the investment bank, the publicly traded banks whether goldman sachs or any of their competitors i think you have to be pleased with this fact that the institution and others are trying to embrace the new environment and figure ways they can grow their businesses recognizing that the next five years willing nothing like the last five and the next ten years