let's go live to seema mody at cnbc world headquarters. >> we see markets lower after yesterday's big sell-off. that was triggered by release of minutes of last month's fed meeting. the central bank has been buying up billions of mortgages and government bonds each month to keep interest rates low. we do get data out today on unemployment, inflation and housing as well as a fresh snapshot on the consumer walmart reporting earnings this morning. dow falling 108 points in yesterday's trade and nasdaq losing 49. here's a story we're watching. google is reportedly developing several touch screen devices that use its chrome operating system. "the wall street journal" says the first run of products will include laptops and could go on sale later this year. google is trying to compete with microsoft and windows and also it would compete with androids. back to you. >> seema mody, thank you for the update. >> let's get the latest in our weather world this morning. >> it's going to be nice. we got through the hard part. now let's enjoy the good stuff. temperatures today are going to be comforta

seema mody has all those headlines for us up next.irst, let's get a little sequester tutorial from jay leno. >> you understand this whole federal government sequestration -- how do you say it? sequestration? i can't even say it. it's so confusing. we put together a video metaphor. maybe this will explain what the sequestration is. take a look. >> and now a video metaphor for the impasse between republicans and democrats over how to avoid $1.2 trillion in across-the-board spending cuts. also known as sequestration. the duck represents sequestration. the cats represent republicans and democrats. when they get into position and are close to victory, one party bites the other in the ass. the other party disengages. and we're back to square one. this has been a video metaphor for sequestration. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now star

. >>> seema mody with what brings martha stewart to court. seema. >> guys, big story here.uments start today in a case pitting two retail giants and involving martha stewart. macy's is suing j.c. penney trying to stop the rival department store from selling certain martha stewart living items. macy's claims is has exclusive rights to the brand. ron johnson, macy's receive chief terry lundgren as well as martha stewart will testify. >>> in other news, the house doesn't always win, guys. struggling atlantic city casino revel is preparing to file for chapter 11 bankruptcy as soon as mid-march. the move comes less than a year after it opened. revel will continue to pay employees and operate normally while in bankruptcy. the casino failed to turn a profit since opening last april and it's also needed several bailouts from investors including as recently as december. back to you. >>> seema mody at cnbc, thank you. >>> robert griffin iii is do downplaying the message behind his latest commercial. check it out. >> ever had one. blow it all up. the commerce ends with the tag line, a

seema mody has the details. >> good morning. another big name merger in the works. depot have been in talks since late last year and a deal could be announced later this week. the office supply combo is aimed at taking on larger rival staples. analysts have long called for consolidation in the market which saw sales crumble during the financial crisis. office supply chains are struggling to stay relevant as consumers are increasingly buying their paper shall toner and other items online or at big box stores like walmart. >>> another story we're watching. best buy plans to make price matching guarantee a permanent feature starting in march. the move is part of an effort to stop showrooming or when consumers check out items on stores and buy them online elsewhere. best buy will match all local competitors and 19 major web retailers, including amazon and walmart.com on nearly every item bought in its stores or from it website. that's the latest. back to you. >>> seema mody. thank you. >>> we know that some storms are moving in. this picture behind us, that's a live pic

let's get a big check on some technology movers with seema modi over at the nasdaq right now. er: if the nasdaq can close above 3200, that's the level we're watching, if it can close above 3200 that's the first time in 12 years, since november of 2000 before the tech bubble burst, according to maxim group. a close above 3200 would confirm an up trend, a sustained move to the upside, a breakout, if you will, in the index. as you know, technology has been one of the key laggards of the year. since it in outperformance in financials, consumer staples and health care, but tech has been left behind and the reason the nasdaq is underperforming the major averages, but traders are suggesting that this could all change if the nasdaq is able to close above 3200 so that's a level to watch. google, of course, one of the stocks that's helping the nasdaq move higher, hitting an all-time high this morning above $804 a share. back over to you. >> seema, thank you so much. one investment call that strategists are talking about. rotation out of bonds into stocks but jeff cox says it's the worst

for more on that and the rest of our news before the bell, we turn to seema mody at cnbc world headquarters. >> the dow jones posting a small loss for the second straight week. the nasdaq broke a win streak but the s&p extended winning ways to seven weeks. the last time the s&p 500 started out the year with such a streak was 1967. that's a stat for you. we get data on housing and dell and marriott. watch out for that. in terms of how we ended on friday because of the three-day weekend, the dow rising eight points and nasdaq slipping just six to close at 3192. and here's our top story. another big name merger in the works. cnbc learned office max and office depot have been in advanced talks since late last year and a deal could be announced later this week. the office supply combo is aimed at taking on larger rival staples. analysts called for consolidation in the market which saw sales crumble during the financial crisis. office supply chains are struggling to stay relevant as consumers are increasingly buying their paper, toner and other items online or big box stores like walmart. back to

for details on that and the rest of the news before the bell let's check in with seema mody live at cnbc headquarters. good morning. >> good morning. futures are higher after stocks advance on tuesday. the dow hitting a new high while the nasdaq broke above the 3200 level for the first time in 12 years. google topped $800 a share for the first time. we have data today on inflation, housing starts and the minutes of last month's meeting. the dow up yesterday. the nasdaq added 21. here's our top story. apple says a small number of mac computers were with hacked recently. the news comes a week after facebook discloses it was hacked. hackers used a security flaw in the java software to gain access to servers. apple said there is no evidence any personal or confidential data was stolen. good news there. opening arguments start today in a case pitting two retail giants and involving martha stewart. macy's is suing jc penney to stop the rival store from selling certain martha stewart living items. macy's has exclusive rights to the brand. it is expected that stewart and jc penney and macy's ceo

. >> to seema mody and nasdaq. hi, seema. >> hi, sue. two reasons we are seeing a sell-off that i'm hearing. first risk off approach to trading and second, profit booking. let's look at losers. with you are highlighting the big deal in tech. a cell site analyst writing that bolsters the positioning in the mobile space. that's been a keyword for facebook strategy going forward. you can see shares down 4.6%. some friend, including grouponing with zynga, pandora, all lower. amazon, ebay, internet stocks recently hitting all-time highs, moving lower for the same reason, profit booking. >> thank you, seema. >>> rick santelli at his place at the cme, we have a sell off of equities. are they moving back into the fixed income arena or not? >> they seem to be a lot more interested in buying treasuries today than several sessions. about an equal amount of drop in the basis point verse ut settlement, about half a dozen. i like to look at closes. about one-week yield in the u.s. in germany. if you look at uk, guilt, you can see hovering around 208,

seema mody is there for us. seema?gie's list making a monster move to the upside after reporting better than expected earnings thanks to increase and paid membership numbers. stock is fuelling the russell 2000 index to a new high. also a volatile weak for shares of blackberry. down sharply yesterday on bearish sales side note. today deutsche bank joined in but bouncing back with traders seeing the recent move to down side as a good buying opportunity. also news that former co-ceo sold his stake in the company. also another mover, eye on directv, off of its highs. one of the top performing stocks on the nasdaq 100. good earnings fuelled by increase in subscribers. stock up .2%. some sectors we we are watching. social media liked today. facebook, groupon, staging a come back. biotech underperforming even though regeneron growing. you can see regeneron and alexion and affymax. >> thanks, seema. back to the bond market. rick santelli tracking action at cme for us. over to you, rick. >> thank you very much. supply is done.

. >>> let's head to seema mody. >> deciding to voluntarily recall all lots of its drug as a result ofr sensitivity reactions. now in response to this news, several cell site analyst downgraded shares of affymark, and a similar drug on the market, and i'm told they expect amgen to regain the marketplace for die al says until late 2014 when roche may take over. a large cap, take a look at google. that continues higher. maintaining position above $800 a share. and zynga on a tear, good news regarding on-line gambling, legalized in nevada. and microsoft is getting the attention of wall street. the firm believing microsoft should split the company into software and device segment. we are watching that as well. >> seema, thank you so much. >>> to chicago where rick santelli is with us, tracking action with the cme. >> we are well above on the ten-year ricky. >> we are. and anyone who thought, why worry about the italian elections, probably not going to move the market, they were not correct. whenever market you're looking at, it reversed rather dramatically. we settle at 196. up 2%. now abo

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cnbc's seema mody joins us. >> we have seen a revival in global equities.xpected earnings. easy money from the fed and decent economic data brought fresh money to equitieequities. the s&p 500 and nasdaq trade at new highs. the ral di doesn't stop there. also posting sizable gains for the year. confidence in greece's financial markets and the ecb's ability to solve the debt crisis. but in asia, as you were mentioning it's all about the nikkei. the japanese i believe desk hitting a 52-month high as the yen continues to weaken against the dollar boosting exports and the yen could go lower, larry. analysts at bk asset management says prime minister baabe is expected to appoint a new governor. the global rally may not be over yet. >> you're absolutely dead-on right. let's bring in the investors. this japanese story may be the key to why the american stock market is rising. we have brian kelly from shelter harbor capital, lee munson from portfolio llc, the author of "rigged money." dan greens haus kind enough to stay with us. what the japanese are doing, they are

let's head to the nasdaq and check in on what seema mody has there. >> a lot of news in tech. interestingly enough it's retail, fossil, the watchmaker, strong earnings, revenue growth here in the u.s. as well as in asia. fossil also announcing a global licensing agreement with tory birch. apple, stock lower after the presentation, pipeline, emerging growth and to some extent allocation strategy, up 1.4%. facebook lower asll, street seems to be losing confidence in the stock. yesterday bernstein downgraded the stock, today btig cut to sell saying mobile growth is not enough. back to you, simon and michelle. >> thank you very much, seema. >> stocks hedge higher on the state of union, uncertainty starts to peel away. let's bring in joe, global market strategist with jpmorgan funds. welcome back to "power lunch." you like the market. >> you need it temper expect as, up 6.5%, a rally since january. >> some years that's all you're going to get. to get it in january is good. >> just in january is good. markets directionally head higher from here. of course any time you see this quick

let's check in with seema mody. she's live at cnbc world headquarters. good morning, seema. >> good morning. futures are higher right now as markets come off a mixed week. the dow posting a small loss for the second straight week. nasdaq broke a six-week winning streak. the broader s&p 500 index extended its winning ways to seven weeks. the last time the s&p 500 started out a year with such a streak, 1967. we do get data out on housing and earnings from dell and marriott. be sure to watch out for that. nasdaq slipped six to close at 3192 on friday. back over to you. >> thank you. here's a fun statistic for you. every website connected to every other website by no more than 19 clicks. put another way. i can get from nbcbayarea.com to the world's most obscure website through 19 links or fewer. a bit like you can connect to any movie with kevin bacon. they discovered everyone in the planet was connected by on average six steps though in his experiment he found a lot of people were connected by far fewer. a friend of a friend you probably could cross the worl

seema modi at the nasdaq with what's behind that move. >> national bank putting out a bearish note onlackberry, and that's what seems to be weighing on the stock right now. the analyst decreasing his estimates for fc-2015 running the blackberry service model which is blackberry customers for using the company's data network remains a question mark and investors have to understand how that revenue line could potentially decay over the next several years. shares of blackberry are down 10% since its january 30th launch of the blackberry 10 devices and still up 20% on the year. maria, back to you. >> thanks so much, seema. 20 minutes before the closing bell sounds for the day. down about 57 point on the dow jones industrial average. >> remember how democrats blasted mitt romney for having money sheltered in the cayman islands. treasury secretary nominee jack lew has or did have the same thing. >> why did you choose that investment and what benefits did you receive? >> stick around to hear the answers, plus the rest of his explosive testimony coming up. >> also ahead, president obama calli

. >> on track it close at 12-year high, seema mody is there. she has big movers for us. up about a percent on the day and interestingly enough, apple is joining the prty. staging a major come back this week. up 5%. grasso is highlighting apple versus amazon trade. take a look at the chart. we have been talking about the rotation of capital. amazon, interestingly enough, when you look at the chart, seems like we see this reallocation back into apple and perhaps that's why we see shares higher while amazon shares are lower on the day outside of tech we have our eyes o on amgen presented at an investor conference. raising the forecast. highlighting international plans as well as the use of biosimilares it fend off generic competition. stock up 2% on the day. >> thanks, seema bp to the bond market. rick santelli is tracking the bond market at the cme. what is this, 197? >> yes. exactly right. as a matter of fact, as you look at two-day chart, you will understand why the trade seems to be skipping five bay basis points around 195, 196, used a. >> a pivot. as sue said, we touch

let's get to seema mody with the name. >> that name is blackberry.ormally known as research in motion. trading here under the ticker symbol today bbry. rim's name doesn't completely disappear until shareholders approve the change this year. outperforming today thanks to an upgrade to outperform the analysts has drained inventories and most distributors will take on significant initial orders. expands from a user base that's equipped with aging smart phones. he remains skeptical of blackberry's ability to orchestrate a sustainable come back. but we are seeing a comeback in today's trade. if it's sustainable, that's is the question. >> we will see. thank you so much. i'm waiting to replace by cup and string with a blackberry if it's workable. >>> big days for calls. upgraded yahoo to a buy. it's shares of goggles and yahoo both down in this overall market selloff. but which analyst should you listen to? google or yahoo? let's talk numbers. on the technical side it's carter worth. he's with oppenheimer. on the fundamental side it's john stevenson with f

seema mody exploring it all in times square. >> we crossed an entire hurdle, a key psychological level for traders and not to mention a 12-year high for nasdaq. from a technical perspective, maximum group says a close above this level would confirm a break-out in technology shares. citi analyst says valuations will help tech as a sector outperform in 2013. in addition, citi says semi equipment records are down year over year and chip group tends to trade up when new capacity additions slow. chips have been on the tear. philadelphia semi conductor index outperforming ind ind sees. inteal, kla-tencor, qualcomm to name a few. some say this could continue to lift the nasdaq higher. >> thank you, seema, very much. >>> power pitch strad straight ahead. >>> and a woman with her finger on the pulse of the great american economy. there she is. suze orman. she needs no introduction but we introduced her anyway. we are talking your house with suze. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. t

i'm seema mody. big mover is amazon.com. up 3.5%. strait of juan de fu striking a deal with cbs. social media as a pack. take a look at facebook. leon cooperman revealing his stake in the stock. stock getting upgrade to buy at stern ag. analyst saying we have greater to execute nationally. take a look at rack space. bottom line came in inline. but top line slightly like and that's why the stock is getting hit. simon, back to you. >> thank you, seema. we are standing by for cisco to report its earnings after close tonight. and john chambers will be on closing bell at 4:00. i would describe that market, tyler, as essentially hanging on to the rally taking us up, 6, 7% so far this year. big moves, and kind of still are. >> thank you very much, simon. take a look, if you are near rim stock right now. actually blackberry. reports anecdotal of black-outs with that company. so if you have trouble with your blackberry, that might be why. >> "street signs" begins right now on cnbc. >> tortoise, one, hare, zero. well ask if the best action is no action. the call for infrastructure is inves

seema mody with more. >> s&p tech sector still the laggard of this year up a meager 2%, underperformingy, health care, financials, materials as well as telecom. you might think it's earnings weighing on this sector but take a look at the numbers. 47 out of the 70 tech companies on the s&p 500 that have reported thus far, 81% had beat street estimates. broadly speaking earnings came in higher than street consensus. morningstar analyst said future outlook and guidance had been a concern for the street. michael pinto of pinto portfolio strategies says apple and its sharp fall in september has been casting a dark shadow over tech making investors more hesitant to invest in the space. he did say apple shares could rebound and bring back some momentum to tech stocks. that is something to watch out for. apple shares up on the day, other large cap tech stocks faring well. see if they continue to build on gains and help tech as a sector move higher. sue. >> seema, thank you very much. let's check in on the interest rate front and bond market. rick santelli tracking the action. hi, ricky. >> hi.

let's check in with seema mody with more detail on that. >> simon, whenever you have traders using thisproach to trading, you many times see high bet why, high growth, including tech move to down side. we did see the composite close above 3200 on tuesday. but yesterday, we did get that second day of confirmation that traders were so looking for. in terms of stock specific news, apple shares on the nasdaq, moving lower ahead of green light capitols. we do expect david einhorn to talk about apple's preferred stock strategy. look at dollar tree. dollar stores in general moving higher after wal-mart mentioned this is the best stock. groupon up here, up 3%. upgrade at piper jaffray to overweight and lastly, guys, all eyes on google. stock continues to buck the downward trend that we see in equity. stock up .4 percent. back to you. >> thank you very much, seem why. one of the fascinating things is that we have a yield of 1.96 on the ten-year. bonds are rallying as we talk about the possibility of the fed not buying any more. what is going on, rick? >> i've been talking with traders all day ab

seema mody is following the big movers. >> take a look at nasdaq. off the big lows.ne used by ben bernanke pushes investors to use this risk offer approach to trading, the reason tech is underperforming. take a look at apple. the stock up on the day. it has been trading well below it's 50-day moving average. october 5th, that was the last time it was above that level. overall, though, a mixed picture when looking at large cap tech. google shares down a fraction on the day. a couple of winners to take note of. intel seen as a defensive tech name trading higher on the day. sandisk getting an update. analyst writes better gross margin profile and additional earnings ability for san disk. also look at vivas, worst after reporting disappointing earnings. investors use that risk off approach. back to you, sue. >> thanks, seema. silicon valley in the midst of a business building frenzy. is this at a sign we're at the top and in for a downturn. cnbc is there with the details on that. that's how it goes in the past, jon. >> headquarters, new buildings, not always the most aus

google can fight apple, seema mody is live at the nasdaq with more on the big tech war. >> absolutelye technical and fundamental story. almost a perfectcy thet trick al divergence with this capital out of apple and into google that we sometimes speak about. here are the numbers analyst are watching in the latest earnings report. apple's net income and cash flow is roughly four times higher than google. when looking at its forward price to earnings ratio, thanks to the sharp drop in apple shares, trading at ten times whee google is trading at 17. keep in mind, average pe in stocks is around 15. now to some it all up, morningstar says google has a great top line growth going forward but the business end which might be a concern for operating profit margins while apple has great innovative product. fears of future margin compression leading to unfavorable product mix. leave it there. simon, back to you. >> they could double dividend. seema, for the moment, thank you. let's head to chicago and rick santelli ch te santelli tracking the action. >> about the same low yield as yesterday. down

seema mody is there with that detail for us. >> hi, sue. we have a look at technicals.ders are watching. and analyst are telling me that if the composite can cross 3200, key resistance level, we could see a break out in the index. in terms of market mile stones though, nasdaq has a long way to go. composite is about 37% away from its intraday high that it hit back in march of 2000, around the tech bubble. we still got a ways to go. nasdaq holding on to 1% gain and once again, apple not contributing to the rally. report this morning from npd. highlight apple's dominate role. google hit its all-time high of 774. traders saying we are continuing to see this rotation of capitol out of apple and into names like go google. take a look at dell. david faber reporting that a deal is on track for next week. netflix continuing its ride higher. semi conductor stocks once again out performing applied materials, leading the pack higher. back to you. >> thanks, seema. and the stock market isn't the only market that that's reallying today. we have seen big moves on gold. sharon epperso

se seema mody is on the nasdaq roller coaster for us today. seema?> reporter: broad-based rally in tech for today, but let's put this all into perspective. tech as a sector is still the worst performing sector this year, and what's even more interesting is that earnings this quarter have been relatively strong. 81% of the tech stocks that reported earnings have beat street estimates while the entire s&p 500 has a 68% beat rate thus far. it's not earnings, what is it? isa capital says there's a perception that tech is deflationary and has matured as an industry. michael pento of portfolio strategies says it's the negative sentiment driven by apple, apple and its sharp fall has been casting a dark shadow over tech making investors more hesitant to invest in this shape. seeing shares slightly higher, that's apple but keep in mind shares of apple roughly down still 14% this year. maria. >> thanks so much, seema. we're sitting right at 14,000, threatening to go up below it. we're at 14,001 so it can go any way here. >> sweaty palms. >> sweaty palms. >> it

se seema mody is live with more. >> reporter: mkm partners downgrading blackberry shares to sell.nalyst lowering his price target to 10 bucks a share, writing that this reflects the lower probability of success we attribute to blackberry 10 following our own testing of the z-10 and the momentum stallout in the uk after two weeks. further concern if blackberry can really hit the ball out of the park with its line of smartphone devices. the stock is down about 6% on the week. maria, back to you. >> seema, thanks so much. was blackberry a buy on weakness, or is the new phone a disappointment? is that all she wrote for the stock. on the technical side of the story j.c. o'hara with phoenix partner group and on the fundamentals zachary karabell. good to see you both. zachary, first you and the fundamentals. what do you think of blackberry's prospects? >> the new phone may be as great as everyone says, i haven't seen it, but it is a really, really, long, hard and uncertain road for blackberry to climb to recapture a mind share and market share enthusiasm. i gave up my blackberry six mont

seema mody is following big movers over there. >> apple shares bucking the downward trend and equitieseing the stock up about .1%. einhorn of greenlight capital saying apple should use its cash. speaking of allocations strategy, apple outperforming the average dividend yield on the s&p 500. according to wisdom tree, apple needs to increase dividend by 5% to become the largest dividend payer in the united states. let's move on to blackberry. shares approaching 52-week after after thumb's up at w fargo. lastly another space to track, indian tech. those stocks in focus. two things, first indian's outlook for the year below street expectations. that is putting pressure on adrs but cognizant tech, with an up tick in demand from european client. interesting. tyler, back to you. >> thank you. >>> how do you stay relevant in a fast changing world moving from pcs and tablets -- from pcs to tablets and mobile devices and on. here is what cnbc was told yesterday about that. >> the market that hp serves changed dramatically because the pc business is now a shrinking business, an growing business.

. >> let's get to the nasdaq and check in with seem seema mody. how is it looking?y psychological lekss that traders are watching, a level we hit last week. we did not get the second day confirmation that traders are looking for. monster beverage, company hurt by higher expenses but the stock is higher. a generic drug maker, strong earning on top and bottom line. acquiring an injectables drug unit from an indian firm. the stock with a 52-week high. netflix, mark newton saying the stock can move higher to can 208. that's his next target. >> thank you, seema. >>> ibm with the first analyst meeting. jonfortt is in san jose with a special guest. jon? >> hi, tyler. i'm here at analyst meeting. they don't normally have press here but we are here in part because this is the research facility that specializes in big data. ibm want it put a focus on that so they brought analyst here. last time they did a special location like this is bringing analysts to india in 2006. senior vice president head of ibm research is with me. thanks for sitting down. tell me, you recently with

seema mody has the latest. >> take a look at blackberry. down about 5% on the week.er reports indicate that blackberry 10 is selling faster than expected. another winner that we're watching although it is down just right now, another winner watching on the nasdaq, barnes & noble. news the chairman may be looking at buying out the consumer bookstore vertical. which could lead to splitting. that stock is up on the day roughly 12%. recalled its anemia drug as a result of hypersensitivity reactions. this is considered good news for amgen which has a similar drug on the market and thus the reason the stock is moving higher today. an analyst telling me he expected amgen to regain 100% of the anemia patients. back to you. >> thank you very much, seema. >>> who will win the bet? bill or sue? will we end in the positive territory today? >> that's not happening. >> you never know. we've got about 15 minutes before the closing bell. the dough is down 130 points. that's a new low for the trading session. >> one of the hallmarks this year has been a buy on the dips market. despit

let's turn to seema mody live at cnbc world headquarters. good morning. >> a quick check on markets. futures are lower after yesterday's sell-off. that was triggered by release of minutes from last month's fed meeting which shows members are doubting the effectiveness of the feds latest stimulus program. central bank has been buying billions of mortgages and government bonds each month to keep interest rates low. we get data out on unemployment, inflation and housing and we're taking reaction to walmart earnings. the company reported earnings this morning. in terms of how we ended yesterday. sending it back over to you. >> thank you. sony last night announced it would build the fourth generation of its playstation which it craftily named the playstation 4. we didn't actually get an opportunity to see the box. the actual machine but it is less important than the power the machine will have. it will use amd chips. back when the playstation came out 13 years ago, the 2 was so powerful at the time it was subject to american export laws. you coul

seema modi has the latest on that story. >> that's right, bill.the recent decline in shares and the ho-hum announcements like the new ipad but their tendency to hoard cash, $187 billion to be exact. we took a poll and asked viewers to say what apple's most pressing issue was. product announcement got 56%. this started when hedge fund activist david einhorn came on the network saying he's dissatisfied and then the largest pension fund came out defending apple. apple is leading the nasdaq higher right now, up about 5% on the week. that's helping the nasdaq potentially close at a 12-year high. back to you. >> seema, thanks so much. as apple weighs its option, the cash stockpile -- the showdown conditions. one corner, green light capital. david einhorn has been pushing apple to push a special class of stock to shareholders to help unluck more value in the company. >> the nation's largest public pension fund, the california employee retire system, they are taking apple's side on this issue and the head of that position is the head of corporate governan

seema modi is here to explain why. >> bill, first a story on the nasdaq, speculation that the nasdaq omx was in talks with private equity group carlisle to go private. sources close to the situation tell cnbc that buyout talks with carlisle have seized for now, and that's perhaps why we're seeing shares of the nasdaq omx off of its highs. speaking of deal chatter, dell in focus. first it was southeastern asset management and now it's t. rowe price, the second largest shareholder voicing opposition to the buyout announcement saying it will not support a dell buyout as put forward and facebook, how quickly sentiment can change. up 20% on the year, and now up 4%. bernstein downgraded the stock yesterday. today btig lowered its rating to sell, writing that desktop ad revenue is set to peak in 2013, and that mobile growth is not enough. guys, back to you. >> all right. about 45 minutes sounds throughout the day. a market that's higher, dow jones industrial averages comfortably above 14,000. >> and the market rallying despite looming spending cuts. >> democratic senator chris van hollen ha

seema modi with the breakdown. >> reporter: a strong day for nasdaq but apple once again did not participatereal. today, of course, was the day that ceo tim cook addressed a meeting discussing everything from apple's depreciating stock price to its strong sales growth in china and its focus on making great products, but apple didn't really discuss what it will do with its $137 billion in cash that it has on its books keeping many investors wondering if an increase in dividend or a share repurchase is in the near future. the stock ending the day in near territory. >> let's get more perspective from the apple experts. ron winier owns 37,000 shares of apple. gentlemen, good to see you on the program. thanks so much for joining us. >> do you buy it? >> yeah. i do buy it. i think today was a non-event, and i think that's maybe why the stock is down, but i do think apple is a shareholder friendly company. if you look at the dividend deal almost 2.5% and it's far greater than a lot of it in the space and i think investors need to keep in mind it was march of last year that they declared for the fir

let's head uptown to the nasdaq and check in with seema mody. >> good morning, carl.'s start with blackberry. we're seeing shares drop at the open. the company has reportedly lost a significant enterprise customer, home depot. we're seeing shares lower on the day. apple, though, posting a strong comeback last week, gaining better than 5%. traders according to the rotation of capital back into apple. a technical analyst at gray wolf said the next key resistance level for apple is 500. if it breaks that, it has a shot at 575 to 595. apple he said is outperforming amazon and seeing the first evidence of weakness in shares of the online retailer. so that's a chart to watch. and an acquisition in the software, defining networking space, we're seeing shares moving fractionally this morning. in biotech, all eyes on celgene saying they have approval in china. emerging markets, you can see celgene up .4 of 1% on the day. >>> let's head to the bond pits now. rick santelli is in chicago. good morning, rick. >> good morning, melissa lee. well, if we looked at the fixed income mar