many thanks to cnbc's courtney reagan who's going to stay with us. we have two savvy investors.y friend zach, let me just ask you quickly about this apple story. because as the day wore on, as courtney was reporting, it seemed like apple was moving. it seemed like they were going to put a vote up to the shareholders. the deal here is whether they are going to have a dividend yielding preferred stock. where do you see this apple story going? it's so widely held and traded. >> yeah. i mean, look, i suppose einhorn is entirely correct that company with that level in cash ought to either invest it to keep the business growing or benefit the shareholders. in the greater scheme of things, obviously this particular suit is not intrinsically important to apple or its long-term prospects. it's more that general issue we all have about apple which is incredibly successful company, likely to be so for awhile. i happen to own the stock and i bought it as it fell down in these levels and below. but if they don't come up with a compelling new suite of products, then they really are going to b

cnbc's courtney reagan is at the new york stock exchange. good morning. >> good morning, natalie. all eyes on europe today. expect global stocks to fall if the new slate of political leaders is viewed at all unstable. right now the race for prime minister is wide open. >>> meantime a big week for retail earnings. looking to see how the consumer is feeling and if higher payroll taxes and rising gas price are impacting spending. >> courtney reagan, thanks. >>> at 101 years old, hanging up his running shoes. the great great grandfather is retiring from marathon running. he has completed nine of the 26-mile races since he started running at the age of 89 to overcome a family tragedy. in 2011 he became the first centenarian bearing the nickname the turban tornado. he brings a whole new meaning to the phrase "no excuses." fantastic. 7:17 now. i think he deserves to retire. >> 8:26, not too bad. >> he started at 89. >> amazing. >> there's always time. you can always do a marathon. >> we'll go back to al in los angeles for a check of the weather. including a new winter storm in los angele

cnbc's courtney reagan tells us about the meeting. good morning. >> good morning, aaron.sident obama welcomes a group of ceos to the white house to push his plans for immigration reform. the group includes the heads of goldman sachs, qualcomm, coke o cola, yahoo and marriott. they hope it makes the u.s. more competitive. businesses have long complained the u.s. doesn't offer enough visas through high skilled workers from other countries. president obama will meet separately with labor and progressive leaders. it's definitely a big issue. this is certainly not the end but i think the beginning. aaron, back to you. >> courtney reagan, at cnbc, thank you. >>> time for weather and traffic on the 1s. no snow. are we getting a warmup, toe? it seems like we'll get better weather. >> warming to near average temperatures. >> near average. >> snow lovers have been doing a lot of laundry, washing our crying towels. again, overnight, we didn't get much at all of snow. first light of day, there's the last light of last evening. a wonderful photo at sunset taken in rockville by one of

cnbc's courtney reagan is at the new york stock exchange. what's rattling the market? >> it hopes to bounce back after monday, after a stalemate in the italian elections, opposed to that economic reforms, causing concerns that europe's debt crisis could get even worse, rattling u.s. markets. separately, though, home depot reporting strong earnings this morning. home improvement retailer thanking the turnaround in housing as well as all that repair work done in the wake of super storm sandy for those increasing profits. natalie? >> courtney reagan at the new york stock exchange, thanks. >>> airports, as you know, can be very frustrating places but there is no reason to get this angry. take a look. chinese government official flew into an epic tantrum when he learned he had missed his flight -- actually, his second flight that he missed. he took his anger out on airport staff and two innocent computers. the video has gone viral on chinese social media and now he has been suspended from his post and he faces punishment charges. guys, you'll notice security is standing off

courtney reagan has been following this battle. what is going on?porter: mandy, right now the lawyers for j th penny just beginning their opening margeaux umts here in new york state supreme court mind me and really what the dispute is over is whether or not jc penney has the right to sell martha stewart brand of product in certain categories. lawyer for jc penney are saying if macy's wins the consumer will lose. they are also pointing out that macy's did not show the contract supposedly breached in their owning statements. macy's did present opening statements this morning. arguing that j th penny and omni media new of the contractual obligations that martha stewart had with macy's but chose to go into it anyway, using unfair business practices. showing how much macy's invested in the branding surrounding martha stewart and how they would in no way enter a contract that would ever allow that browning to be given to another retailer. that goodwill for free. martha stewart omni media, telling cnbc, this is a c contractual dispute. they just told a fa

for details on that and rest of your news before the bell let's turn things over to courtney reagan live at cnbc world headquarters. courtney, good morning. >> good morning, jon. futures are higher but that's after stocks suffer the worst loss of the year on monday. investors sold off shares amid worries about europe and spain and italy. we'll get information on earnings from kellogg's and disney. the nasdaq losing nearly 48 to 3131. apple will find out today if bigger is better. the company is rolling out a 128 gigabyte version of the ipad 4. that's double the capacity of the current tablet. it is aimed at professions. it may also be a direct shot at microsoft which is starting to sell its own 128 gigabyte pro tablet this weekend. back to you. >> it's a fierce competition in that tablet field. thank you very much. >>> all right. don't need a tablet. just need christina loren to find out that forecast. >> no apps required. >> 4:45. good morning to you. a good looking day shaping up. wintry day. we haven't had all that many wintry days so far this season. we're going to be in the low to m

for that, we go to cnbc's courtney reagan now.ople wondering about -- what about my frequent flyer miles. will people notice any big change right away? >> it's going to take some time actually. just because the two companies have approved this, the court will still need to approve the proceedings for american airlines because it is operating in bankruptcy. usairways has to get the approval of its shareholders to be able to move forward. so it could actually take a while, potentially even years for this to fully come to fruition. >> one of the other questions i would think flyers would be asking is what impact might this have on, you know, the cost of fares once everything is finalized. >> reporter: yeah, more than likely you're going to see fares increase. probably not just for this new american airlines but also for the other airlines. if you think about it, it's simple supply and demand. when you sort of reduce the supply out there, prices can go up, competition is lowered. that's why some aren't in huge favor of consolidation.

here is courtney reagan. >> that right, sue. little blue book # box takes on the big box retailer. i've got details in the battle over bling coming up. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. great, everybody made it. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male announcer ] hold packages at any fedex office location. >>> welcome back to "power lunch." i'm sharon epperson. final trades in gold market. gold able to close it app

courtney reagan with details on that and a look at how futures are trading for this friday morning. good morning, courtney. >> hi, good morning to you. futures are trading hire indicating a higher open on this friday morning after stocks fell for a second straight stay. traders responded to disappointing data. now there is new economic data today. look for earnings from abercrombie & fitch. the dow fell to 13,8880. nasdaq slipped 31 points. >>> addresses were accessed by a hacker who attacked a company that manages their requests. social media sites say no passwords were compromised. it is used by some 25,000 companies. other customers include disney, sony music and groupon. back to you. >> could have stolen my pinterest chicken pot pie recipe. who knows. >> we need to logon and check it out. friday keeps getting better and better. feel-good friday at 4:46. christina loren here to talk about chicken pot pies and nice weather. >> who are we kidding? we're not about to get in there. >> i'll make it for you. >> i like that. i like that. that's a great opportunity for us. if you want to

for details on that and rest of the news before the bell, let's send things over to courtney reagan live at cnbc world headquarters. good monday morning, courtney. >> happy monday morning to you as well. futures are higher. the nasdaq and s&p 500 posted six straight weekly gains to start the year. last time s&p did that was back in 1971. the dow, however, broke its five-week winning streak. there's no economic data today but we get reports on retail sales, import prices and consumer sentiment. dow rising 49 points on friday to 14,992. nasdaq adding 28 to 3193. google chairman eric schmidt is cashing in. he's filed to sell roughly 42% of his stake in the internet search giant which could net him $2.5 billion. the sale will be spread out over the year to reduce the market impact. google wouldn't comment on why schmidt is selling. he was google ceo for ten years before handing the reigns to co-founder larry page in 2011. >>> apple is working on a watch-like device that has the feature of a smartphone. "the new york times" says the wearable device is in experimental phase with you could be u

cnbc's courtney reagan joins us now with the details.ning, larry. dow component walmart and other retailers moved sharply lower after a bloomberg report citing an internal e-mail from vice president of finance jerry murray to other executives saying february month to date sales are "a total disaster and are the worst start to a month in my seven years with the company." executives paying higher payroll taxes and delayed tax returns. we've reached out to walmart and received this statement in response. "as with any organization, we often see internal communications that are not entirely accurate that lack the proper context and represent individual opinions. we will release our foerth quarter earnings on thursday, february 21st, before the market opens. now, trading in walmart shares more than double average daily volume today. walmart shares fell sharply, though began 20 come a bit back. walmart investors have been concerned about the retailer's consumers feeling pinched since the company started rementioning the prominent paycheck cycle

and courtney reagan here with all the details. good evening, court. >> good evening, larry.. americans are paying the highest gas prices on record for february 1st coupled with now higher payroll taxes. there wasn't an immediate pullback from consumer spending from that tax increase. now that a full month has passed and gas prices are moving higher the effect could begin to take hold. morning stanley cal claiths those making less than 40,000 have 6.4% less discretionary spending power followed by 4% for those making between $40,000 and $65,000. plus prices at the pump are now at higher levels than they have ever been this time of year. the price for regular unleaded gas jumping an average of four cents a gallon overnight to a national average of $3.46 according to aaa. gas prices have risen 13 krebts in the past week alone. according to barclays' bob durbel for every ten cents gas prices rise the median family will pay an additional $110 at the pump annually. it may not sound like much but it's the quick spike in gas price that's feels a little worse than a slower uptick oft

for details on that and the rest of the news before the bell, we turn things over to courtney reaganive at cnbc world headquarters. >> future as touch lower after stocks closed at the flat line yesterday. first back-to-back weekly loss of the year. we'll get data on consumer sentiment and earnings from campbell soup. dow dropping and the nasdaq up one point to 3198. >>> tiffany's is suing costco claiming the wholesale club is selling counterfeit jewelry. tiffany's says hundreds if not thousands of consumers bought what they thought were authentic tiffany products. luxury chains sue to stop sale of imitation items that cut into their own sales and customer loyalty and the brand image. back to you. >> keep in mind if you got a fat engagement ring for $79, you might want to think that through. >>> san jose sharks offering you an excuse to lace up your skates today. wear your favorite hockey jersey at sharks ice facilities in the bay area and you'll get half off admission. it's part of usa hockey's hockey weekend across america. sharks ice is where they practice. they're on the road and

for details on that and a look at how futures are trading, we turn to courtney reagan live at cnbc world headquarters. good morning and happy valentine's day. >> thank you. happy valentine's day to you as well. futures are lower an stocks were split on wednesday. investors may react to gdp figure from japan and germany. dow ended lower but s&p 500 hit another five-year high. we'll debt dat get data on unem this morning. the nasdaq added ten to 3196. >>> american airlines and us airways approved their $11 billion merger following a similar okay from creditors. it would create the world's biggest airline with more than 900 planes and 3,200 daily flights. the company will keep the american airlines name but will be one by parker. back to you. >> should be interesting to see how that affects us consumers. thank you very much. we'll check back later on. >>> love is in the air. happy valentine's day to you. nice forecast on this lover's day. >> seriously. seriously. it's going to be so nice. it's not just the love. it's the beautiful california weather that we usually have to wait until late s

courtney reagan is live on the scene. hey, courtney. >> hi, tyler. that's right.tle grewing for more than a year. pitting macy's generals jc penney with one of america's most recognizable domestic powerhouses right in the middle. i have the highlight from the opening margaret from macy's side coming up on "power lunch." ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when th

cnbc's courtney reagan joins us with that and the rest of the today's business headlines.ing. >> reporter: good morning to you, barbara. the dow is currently sitting at 13,986. but it did cross before pulling back. this say day after it closes out the strongest opening in 19 years. as you believe the adage, as goes january, show goes the rest of the year. could be a strong one for invest investors. the first jobs report did show 150,000 jobbed were added in january. the unemployment rate ticked up to 7.9%. thanks to revisions the economy added more jobs than previously estimated a large part of those jobs coming in the final months of the 82er. consumer sentiment rose despite most americans taking home lower paychecks due to tax increases as a result of those payroll tax expirations. though the highest price at the pump ever for february 1st, automakers posted strong sales. sales rise 16% in january. a 22% for the month. toyota's beat the bunch by 27%. when it comes to brand perception toyota is king of the road. a new survey from consumer reports finds the toyota brapd is

courtney reagan is outside the courthouse. >> reporter: good morning.s, the domestic diva and the combination of those ensuing powerful personalities playing out in the new york state supreme court behind me. macy's ceo is right now testifying for macy's. this is the plaintiff in the case against jcpenney and martha stewart. this follows a videotaped deposition of a former executive vice president from penny's that it appears macy's used to establish the fact that martha stewart living's financial situation in the fall of 2011 really needed jcpenney's financial investment and subsequent 17% stake. potentially applying some pressure for martha stewart to ink a merchandise deal. but nevertheless, macy's says it has the exclusive contractual right to sell certain categories of martha stewart branded products for home until the year 2018. right now terry lundegren said last year 46% of what macy's sold was either exclusive to macy's or in very limited supply and that martha stewart is a part of that. they have spent extensive amounts of money marketing that

courtney reagan is there live with the latest.morning, courtney. >> this battle has been brewing for well over a year, today it's just the beginning of the opening arguments in the battle of macy's versus jcpenney with the domestic diva right in the middle. in december of 2011, jcpenney acquired a nearly 17% stake in martha stewart living omnimedia for $38.5 million. with the intention of creating shops featuring stewart's lifestyle brand. macy's who currently sells martha stewart, sued over the agreement on grounds it had exclusive rights to sell these types of goods. in july, macy's filed a preliminary injunction preventing jcpenney from selling certain product categories, and then in august, macy's sued jcpenney, though the judge did deny at least the action. now, stewart's legal team will begin to argue today that the jcpenney line can work for stewart, because the original contract with macy's does allow certain products to be designed and sold elsewhere within those exclusive categories. if operated by the company itself, an

courtney reagan is here on a friday at cnbc word headquarters. good morning, courtney. >> good morning to you. futures are a touch lower after stocks closed near the flat line yesterday. a fall on back-to-back days for the first time in three months and is on pace for the first back-to-back weekly loss of the year. we'll get data this morning on industrial production and consumer sentiment and owners from campbell's soup. the dow dropped and the nasdaq edged up one point to 3198. scott, back to you. >> thank you much. congress looking at extending sales tax to the internet by allowing one state to charge tax on something sold from another state. right now sales tax on the internet pretty patchy. here in california, for instance, we pay sales tax on things shipped from amazon but only if it comes from amazon itself and not one their outside suppliers. the argument against sales tax on the internet in the past any way has been let internet commerce grow but that's a tough argument where there are billions in sales. of course you are supposed to alwa

courtney reagan is here. how would you sum up today's equity session? >> kind of a push and pull.ost like it get there, but can't keep going. i'm starting to wonder if we are really going to hit those new peaks. if it is going to happen. so the sector break down shows healthcare lagging. if we dig deeper into the movers, you know ge. but it is worth mentioning because we are hitting four-year highs there. also other multiindustrial names hitting good new highs here. if you look at texture on 52-week highs. eaton, all-time highs. other movers in the multiindustrial space. and managed care company naming the new ceo of a company facing a new key year. shares are lower because the market and analysts were surprised about the announcement of this gentleman to be the new ceo. he certainly has experience but they just weren't expecting he would be the one with name shares. aetna lower in the health management care space. >> well will come back to you later, curt knee. now let's get over to rick santelli in chicago. with a ten-year below the 2% right rait. >> yes, it is. you can see what

courtney reagan is on the floor and rick santelli at his perch in washington. courtney? >> it's been a push-pull kind of market day. we hit the high we hadn't seen on the s&p since november of 2007 only to start to pull back from there. we went negative, how we are slightly positive again. ge news, topic of wul street and moving other multiindustry names. take a look at textron. you can see deals can be done for the market and players involved. however, not all positive. aerospace and defense, weak as a group. nearly across the brd today if you look at some of the movers, lockheed down a half percent and some others right around the same. last but not least, housing stocks. i know you watch them mandy and we all watch them closely. they continue to move higher in the momentum we have seen the last couple of days. weakening a bit, hgx hit a new 52-week high. we watch action from here. mandy? >> pretty much, groundhog day. rick santelli, are things looking as they were in the beginning of the day. or has there been action in your pits? >> we are seeing rates creep up a bit

. >>> meanwhile, still cold out on the east coast, courtney reagan is out there at cnbc market headquarters with a market review. good morning, courtney. >> good morning. futures are lower. investors may be reacting to gdp figures from japan and germany. the dow ended lower but s&p 500 hit another five-year high. we'll get data on unemployment and we'll also have earnings from general motors and pepsi. the dow is off 35 points and the nasdaq added 10. scott, back to you. >> courtney, thank you very much. now we do expect american airlines will announce later this morning the finalized deal with us airways to form the biggest airline. it will be called american but more us airways in the new ceo is old ceo from us airways. we saw united combine with continental. delta deal worked out well. so far that united deal has not worked out at all. what it will do for american, we'll find out eventually. >> all right. thank you so much. >> thanks a lot. we'll find out how it affects our ticket prices as well. 5:14. christina loren, it sounds like we couldn't ask for a better day for valentine's day.

cnbc's courtney reagan live now to explain why. >> the iconic jeweler, tiffany, is suing costco claiming the club operator is selling counterfeit diamond engagement rings that bear the luxury retailer's name. they're alleging trademark infringement on false advertising. tiffany believes hundreds if not thousands of consumers bought what they thought were authentic tiffany products. luxury chains sue to stop sales of imitation items that cut into their own sales and customer loyalty. trump plaza is under new ownership. it's been sold to a california investment group for a bargain basement price of $20 million. that's the lowest ever paid for in atlantic city casino. trump plaza, which is on the boardwalk opened in 1984. it struggled mightily in recent years becoming the worst performing casino. it took in less than $5 million to hern 40% from a year ago. sold off -- back to you. >>> cnbc, thank you. >>> melissa mollet has breaking news at the live desk. >> we told you about this story earlier. wanted to give you a quick update. d.c. fire responding to the report of a mercury spill in nort

courtney reagan here on the retail beat. hi, courtney. welcome back from dallas. >> january an interesting month. it is promotional. make way for full price spring merchandise. but that means many goods sold are sold at rock bottom prices that replaces it. of the 18 drugstore retailers, thompson reuters has a gain of 5.8%, year over year. far surpassing expectations of 3.5%, thanks for a demand of winter apparel. the biggest perform group by far with comps up 11.4%. discount retailers turning in the lowest comps for the month. jc penney increasing by 11.7%. sales are driven by quote fresh fashion which would suggest nonclearance sales. but the retailer up guidance, only slightly. for specialty, 8% increase in comes doubles expectations and limiting more than double on wall street chain sales. despite the big comps, limited says it's comfortable with earnings consensus and gap remains just slightly ahead of wall street estimates. disappointing, shares are selling off. >> gap has had a little run. >> gap is doing considerably better. it is

courtney reagan is live at cnbc world headquarters. good morning, courtney. >> hi. good morning to you, scott. futures are higher this morning. that's good news like you mentioned socks suffered the worst loss of the year on monday. investors sold off shares amid new worries about europe particularly what's going on with the debt crisis in spain and italy. today we'll get information on the services sector and earnings from kellogg's and disney. the dow dropped 129 points to 13,880. the nasdaq lost nearly 48 points to 3131. scott, back to you. >> courtney, thank you. jon and laura, sign of the times for you or perhaps an anti-sign of the times. mike inouye snapped this picture at the old solyndra plant yesterday as workers took down the solyndra sign. seagate brought the building for $99 $90 million. it cost $300 million to build. good deal for them. it will continue to be used but the letters are coming down. >> at least something will go back in there. thanks very much. >>> 5:15 right now. christina loren is back to tell us about a decent day out there. not as fog

let's turn to courtney reagan on this friday for a check at markets at cnbc world headquarters. , courtney. >> good morning, scott. i want to tell viewers that our david faber will interview meg whitman in an hour from now. futures are higher today after stocks fell for a second straight day. however, we did close the day off the lows at the very least so things weren't as bad as could have been expected. however, we had disappointing data for manufacturing in both europe and the u.s. the dow posted its worst two-day drop of the year. broader s&p index set for its first weekly loss in the past eight weeks. no economic data today. earnings from abercrombie & fitch will steer the markets. dow fell nearly 47 points and will open trade today at 13,880. nasdaq fell to 3131. futures are higher going into the opening bell. >> we'll watch for that whitman interview. looking ahead to next week, apple holds its shareholders meeting and one shareholder in particular wants your attention. david einhorn held a strategy meeting thursday trying to rally other shareholders into pressuring apple

also cnbc's retail reporter courtney reagan. for us a little bit with the important things coming out affecting the stock today. >> right. so first of all, bottom line beat, walmart reported $1.67 ernst per share. that's ten cents higher. however net interest was lower and so was the effective tax rate. that does make a difference when you talk about the quality of the beat. revenues also came in a little light in those key u.s. same-store sales were lower than hoped for at that lower end of the guidance range. walmart had said 1% to 3%. they came in at 1. %. what concerns me a little bit about that is if you look at the trend over the year, u.s. same-store sales trend has started to fall down starting up 2.6%, then up 2.2, up 1.5, up . 1.. traffic also negative in u.s. for the fourth quarter. >> chris originally that stock was trading below. this morning it's turned around a little bit up by about 77 cents right now. what are some of the key metrics as you dig through this that really maybe took a little longer to get to? >>> i

courtney reagan sat down with the man himself, ron johnson earlier on today, and she joins us now.eporter: exactly right. a couple hours ago i sat down with ron johnson, j.c. penney ceo, right here at a store in dallas, texas. it's been a tough year and he talked pretty candidly about that, but he says that 2013 is the career that j.c. penney will return to growth. >> as we approach this career the number one priority is to return to growth. it's also the number two priority. it's the number three priority. we want to return to growth, and we think the key to that is communicating value, and we'll do that in whatever way it takes to rush to growth, but it all is rooted in the first price being the right price. >> now, investors are certainly hoping for the shedding of $5 billion in market cap in the first year of transformation. the salons in jcp locations and at headquarters. when we asked ron johnson about the layoffs, he said he won't comment specifically but did refer to the layoffs as rumor. there's concern about cash. is that how these rumors surfaced. johnson says he doesn't

courtney reagan has the retail movers in today's trading. >> good afternoon, this day flying buy.etail sales increased just 0.1% for the month of january, and as you mentioned payroll taxes are higher. gasoline prices are higher, but you know what, the stock market is doing better, housing is recovering, and you know what, the unemployment rate is getting better, too, so you can see here the retail index has outperformed the benchmark s&p 500 so some retail movers on the announcement today because the broader market didn't move so much. one of the groups that performed data, up 1%, macy's and dillard's under a little bit of pressure, nordstrom and j.c. penney trading higher. j.c. penney has increased their buying capacity which is part of the reason for that move and sporting goods, performed better than retail sales numbers. shares moving under a little bit of pressure and cabela's reporting their sales. we'll pay attention to that. and online retail, another area of big, big strength from the report and a continuing from what we saw over the holidays, amazon up sharply but not s

cnbc's courtney reagan is here to tell us what that's about. >> good morning, eun.ee you in court says under armor. it's suing the big or rival alleging nike is illegally using its new slogan, i will. on social media sites begin with that exact wording. the company accuses nike of trying to confuse consumers by running separate ads similar to the protect this house campaign. under arm our is seeking punitive damages. nike isn't commenting. it's not the first time that the two have tussled. nike sued under armour over the moisture wicking athletic apparel. this is a very tight competitive market. >> indeed. >>> courtney, thanks. have a great weekend. >> thank you, you too. >>> we want you to know the next video could be tough to watch. the man in it is okay. but what happened may be a lesson for the next time you hit the ski slopes. it's actually a 17-year-old. jacob gutierrez hanging from a chairlift in new mexico. he slipped off after trying to throw a snowball at his friends. after six minutes of hanging he plummeted 45 feet to the ground. he did not have the safe

for more on that, here's courtney reagan at cnbc. good morning. >> good morning, eun.be watching when president obama gives the first state of the union address of his second term tuesday night. he's expected to push his economic agenda. with a continued focus on job creation. president president will reportedly outline spending initiatives for energy, education, manufacturing and rebuilding the nation's infrastructure. he'll then head out on a three ln day road trip to sell the ideas to the public in north carolina, georgia and his home state of illinois. back to you. >>> courtney, thank you. >>> caught on camera, a rare february tornado barrels through several mississippi towns. take a look at this video from the town of hattiesburg last night. the national weather service will head there today to survey the damage at the campus of the university of southern mississippi where police report that several buildings were damaged. as many as ten people were hurt and thousands are without power. >>> the blizzard of 2013 has passed, but there's a lot of digging out to do in

did courtney reagan make it through the big blizzard? let's check in with cnbc word headquarters. good morning. >> good morning, scott. i'm here. we made it through the blizzard. it snows in february on the east coast. what are you going to say? futures are higher as the markets come off a positive week. nasdaq and s&p 500 posting six straight weekly gains to start the year. the last time the s&p did that was way back in 1971. the dow, however, broke its five-week winning streak. economic data today not out today but we get reports of consumer sentiment this week. the dow rising nearly 49 points on friday to 13,992. the nasdaq adding 28 to 3193. scott, back to you. >> thank you much. >>> jon and laura, the state of the union tomorrow night. the white house has released this video promoting its white house app showing you how you can watch the state of the union with helpful charts and graphs and expert commentary from administration officials afterwards. you can do this on your ipod or iphone using the white house app or you can do it on the web at the white house website as well.

i'm courtney reagan. quick market update for you.al-mart and other retailers moving sharply lower. february sales for wal-mart are the lowest or slowest start in seven years. we just received a statement from wal-mart saying quote as with any organization we often see internal communications not enentirely accurate that lack proper context and represent individual opinions. well release fourth quarter earnings onners thi thursday, f 21st. >> you know, we got the consumer sentiment numbers. better than expected. when they say better than expected because they weren't expecting much at all. they have higher gas prices, i think record highs this time of year. and you've also got payroll tax increase which kicked in this year so people were thinking maybe the consumer would be more soggy which maybe feeds into what they are saying in wal-mart. >> maybe and we had the blizzard. >> we had the blizzard. yes. weather the storms, everything. >> perhaps that a big part of it. >> okay. in the meantime let's get straight to other stories. we've

we will have details from courtney reagan live at the courthouse. if you tweet it, we trade it.ack in two minutes. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >>> welcome back. macy's and jc penney going head to head in a courtroom in lower manhattan. courtney is live there with the details. courtney? >> scott, this is largely a contractual dispute. high level players involved make this case very intriguing and at times even personal. now lundgren told the court when martha stewart entered into the deal, she was just coming out of jail, wanted to have a higher quality product. macy's wanted an exclusive long-term contract with the ability to renew. because of the fact that this takes a very long time to build a business and market a line like this. lundgren continued to explain that m

let's check in with cnbc's courtney reagan.live with more on that and the rest of the day's business headlines. happy valentine's day. >> to you, as well, steve. stocks are a bit lower. the dow off about 20 points on this valentine's day. just when you thought europe's woes were a memory for us, it's concerning u.s. markets again. germany's economy contracted the last three months of 2012. it shows the recession in the region has deepened. now evident in the continent's largest economy. jobless claims fell to the lowest number in three weeks. shattering economist's expectations. good news for the u.s. labor market. it's a deal that creates the world's biggest airline with the number three airline and the number five airline coming to the. amr, the parent of american airlines and us airways have approved their $11 billion merger. the new company, which will be called american airlines, run by current us airways ceo doug parker, will have more than 900 planes and 3200 daily flights. the deal has been in the works since august. am

courtney reagan is here with what we need to look for. >> reporter: 15 retailers reporting on monday,s, lowe's and home depot, j.c. penney, kohl's and sears and tjx and dollar tree among those releasing financials. each retailer has its own nuances, but investors will focus most intently on the guidance going forward, especially as consumers adapt to rising payroll taxes. thompson routers says the reports that follow will be 1.7 more than last year's gains. they will also look at how promotions affected the markets over the holidays. they want to know if discounters like walmart and tjx are facing the same economic pressures that walmart detailed in its earnings release, looking for assurance that the core consumer is still buying. j.c. penney will be the headliner among the reporting department stores. analysts expecting another awful quarter for same-store sales with a 27% decrease. the commentary from ceo ron johnson will be closely followed for his overall expectation as the company enters its second year of the four-year transformation, and we'll finally know how much cash is on

brand specialist, even our very own courtney reagan and jim cramer all weighing in on what this retailer. also, a tail of two cities. oklahoma city and des moines. we will have the mayor of the two cities to tell us how the looming cuts will impact their cities. star of cnbc crimes show, call car chasers, they are here. they brought their beautiful cars out front. we are very much looking forward to speaking with them, "street signs" at the top of the hour. simon, over to you. >> very cool. thank you, mandy. every week we focus on top 20 real estate market. we talk it a top realtor to see what is going on in their town. let's go to portland, oregon. brad from windermere. brad, let's go over numbers on portland market. is 6366 listings. 1344 sold. 4.7 months inventory. median sales price 248,. and average number of days on the market is 114. >> we are challenged by inventory right now but it is picking up? don't have enough to sell. that's what they are saying in a lot of towns. the list of the week, a condo as i understand it. tell me about it for $439,000. >> this condo is at the benson

courtney reagan with results. >> that's right. if we can take a look at the chart after hours. you'll see the gap shares are moving higher and this is because we're seeing a beat on both the top and bottom line for gap, gap reporting 73 cents per share. analysts had been expecting 71 on revenues of 4.73 billion versus expectations of 4.63 billion. it looks those same-store sales were up 5%. gap one of the retailers still reporting monthly. inventory year end also up 5% but that is also at least in line with the same-store sales. glen murphy citing better product and expansion as part of the reason for success. it looks as if old navy was one of the stand out chains in the gap's reporting this time around. >> thank you so much. salesforce.com reporting earnings. let's get the lowdown from jon fortt. over to you, jon. >> looks pretty good for sales force. on the top line revenues come in at 835 million. that's better than the 831 roughly that the street was looking for. non-gap eps at 51 cents versus 40 the street was looking for and guidance. looks like sales force is guiding to

courtney reagan with the very latest details. court, what can you tell us. >> reporter: dell component walmart and other retailers reported that february was the slowest sales were the worst in years. and the organization response. with any organization we see internal communications that are not entirely accurate and lack the proper context and individual opinionsch we'll release our first quarter earnings and we'll know for sure. walmart shares fell sharply but are coming back a little bit. walmart investors have been concerned about the retailers consumers feeling pinched since the company started rementioning the prominence of the paycheck cycle a couple quarters ago. add in the new tax increases and february sales become even more in focus for walmart. bill? >> thanks very much. reaction in today's closing bell exchange, lee munson and gene prony and doug cote from ing management and rick santelli. you don't work for an investment management company, do you? >> not yet. >> doug cote, it's this kind of a story that still has

courtney reagan has the details. >> environmentalists are rejoicing but restauranteurs may not be. in his 12th and final state of the city address new york city mayor michael bloomberg is proposing a citywide ban of plastic foam containers. >> styrofoam increases the cost of recycling by as much as $20 per ton because it has to be removed. something we know that's environmentally destructive, costing taxpayers money and that is easily replaceable. we'll work to adopt a law banning styrofoam food packaging from our stores and restaurants, and don't worry. the doggie bag and the coffee cup will survive just fine. >> a switch to an alternate material would be more expensive and dunkin' donuts would have to replace foam cups. city council speaker christine quinn does seem open to it. in bloomberg world, new yorklers dress less than 16-ounce sodas in paper cups, maria. back to you. >> court, thanks very much. >>> pepsico higher after the beverage giant proposed earnings that exceeded expected. time to buy or are you better off with rival coke? coke versus pepsi in talking numbers today

let's get to courtney reagan with the story. >> reporter: j.c.enney earnings on the fourth quarter on an adjusted basis down $1.95. wall street was expecting a loss of 18 sent, so considerably more than that on revenues of $3.88 billion, also below expectations of about $3-4-.09 billion. same-store sales, down more than 31%. wall street had been expecting a decrease of 27%. that is the biggest drop, if you look at each of the quarters, of the past year for j.c. penney's same-store sales. last quarter the same-store sales were down 26%. gross margin at 23.8%, considerably lower than what analysts had forecast, and it does appear that there is $930 million in cash and cash equivalent on the jc balance sheet right now. maria? >> all right. thanks so much. we'll be watching that. what a story. j.c. penney down sharply. up next, the rally today happened as apple lost ground. the stock getting bruised in the wake of the contentious shareholder meeting going on. more on that story. stay with apple which closed today at 44 and change. back in a moment. ♪

courtney reagan rounding it all up for us.ity. >> a lot of move into retail, a lot tied to expectations. looking to who is poised to take shares. believe it or not, jc penney shares are off intraday lows but still down 17%. the latest earnings show just how unresponsive consumers have been to the transformation so far and some investors are selling out today. traffic down 17% in a holiday quarter. same-store sales dropped 32%. kohl's should be one of the retailers picking up the consumerers jc penney has lost but it's not. the ceo noting the retail department store has lost market share in some categories. inventory not up way high, 17% year end. the consumer is voting with the spending or lack thereof and the merchandise that's there is all wrong. kohl's might have to work harder to grab shoppers leaving jc penney because kohl's locations are off mall. sear's department stores are located in the same malls as jc penney. only a handful of analysts even issue estimates for sears so consensus isn't truly representative for that

let's get to courtney reagan wrapping up the day's winners and losers.ecurity. >> the dow closed lower which means we're 181 points away from that all-time closing high. see if we can get there sometime soon. certainly didn't do it today. when we look at the sectors and see the breakdown, industrials and materials were the day's biggest winners but not by a huge margin and telecom and financials that were the laggards when we break that down by sector. one of the biggest talkers of the day was the fact that ge has decide to sell its remaining 49% stake in nbc universal to come comfort. that is going to be our 100 boston parent companies. shares of ge did close at four-year highs and comcast shares closed at historic highs. take a look at that. nice gains. up 3% and if you look at the comparison chart between the two. since the joint venture was originally announced in december 2010, you can see comcast karl outperforming general electric in that period of time and take a look real click at the financials. part of the day's biggest laggards, wells fargo a

and walmart shoppers feeling the pinch of higher taxes, higher gas prices and courtney reagan is hereith the details on that. aig ceo bob benmosche will join me to break down the earnings before we speak to analysts. that's all coming up later on "closing bell." back in a moment. stay with us. understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." more "likes." more tweets. so, beginning today, my son brock and his whole team will be our new senior social media strategists. any questions? since we make radiator valves wouldn't it be better if we just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fas

courtney reagan is monitoring the conference call and has the latest. >> that's right.he conference call still under way but did get a couple of minutes to a late start. we haven't heard a whole lot yet from glen murphy. the real interesting stuff comes out when the analyst start to ask the questions. he made an interesting comment about the holiday sales period. many of these retailers reported strong sales around black friday and then that three-week lull until couple dales before christmas when really everyone was running out of time. and ceo glen murphy saying that they have to find a way to unlock the value in those three weeks. they have to do a better job going forward. but bottom line and top line did beat wall street estimates. their guidance back kepts the estimate right now for the full year at 259. also increasing the dividend, another retailer increasing the dividend. remember, gap is an international play. one of the american retailers that does have a fairly significant presence overseas. so, that's a different way to trade it if you are thinking about it

ceo and chief reare source officer and courtney reagan joining frus hq as well. t but what's important to know going into the rest of today? >> it did. i think as we look forward to today, you have to decide if you're an investor how you're looking at jcpenney. i don't think this is the play for you. this is a lodge-term strategy and the big questions remain about ron johnson sitting in the ceo position. 20 days ago he told us the board is still behind him every step of the way. but yesterday's results were a disaster. and what really stood out to me, traffic down 17% that. bothers me a lot for a fourth quarter. that's the holiday quarter. >> the traffic, the margins, conversion rates, the wet business. would you be willing to follow him into battle in another holiday? >> i think it's going to be tough going. yes, be he is getting more in-store shops there. you're going to have the home business retrofitted hopefully by the end of may. but share is gone. we saw the results from tjx yesterday. we saw the results from macy's. there's a lot of places where consumers

courtney reagan in dallas. >>> how does a $10 gift card for every $10 you spend work? courtney said, that's got to be high on her list of questions. >> definitely. >>> coming up next, we'll be speaking to the postmaster general as soon as he's finished up with his press conference. that's coming up next. stay tuned. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ if your

courtney reagan has where they're coming from. not miss cnbc's coverage of state of the union tonight at 9:00 eastern time. everyone's retirement dream is different; how we get there is not. we're americans. we work. we plan. ameriprise advisors can help you like they've helped millions of others. to help you retire your way, with confidence. ♪ that's what ameriprise financial does. that's what they can do with you. let's get to work. ameriprise financial. more within reach. >>> "squawk" checking futures. a little bit of a mixed picture. dow will open up almost two points. nasdaq off about five, and the s&p let's call it unch. one of the morning early winners we've been watching, michael coors holdings. quarterly profit of 64 cents per share compared to estimates of 41 cents. revenue was also well above estimates. mcgraw-hill, matching estimates with its per share earnings of 72 cents per share but its guidance for 2013 falls short of consensus. and of course that company trying to spin off s&p amidst all the things that are going