optionsxpress. account today and get a $150 amazon.com gift card when you call 1-888-330-3137 now. optionsxpress by charles schwab. >>> let's hit our top three trades. the most notable moves of the day. first off onlymnivision technology after better than expected fiscal first quarter guidance. guy? >> valuation is still reasonable but you can't buy this stock here up that much percentage points when it traded about 12 or 13 times normal value. i'd wait for a pull-back. >> check out morgan stanley, hitting a 52-week high after one wall street analyst said the bank has earnings momentum. josh what do you say? >> so this analyst is chasing the stock. his prior target was 20, it's already 26 1/2. he's coming in saying 30. i'm not impressed. >> he's late. is that what you're saying? >> maybe he's right, but short-term, it looks like the stock has probably peaked out, if the market has, i doubt it's going to make any progress as a capital markets play with a weak summer market so i wouldn't go chasing. >

optionsxpress. open an account today and get a $150 amazon.com gift card when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> welcome back, everybody. you can see the u.s. equity futures are indicated weaker this morning. dow futures down by about 16.5 points. s&p futures look like they would open down by just over 2 points. in our headlines, steven cohen sac capital has told investors that it would no longer cooperate unconditionally with the government's trading insider investigation. it believes the next few months will be critical in that investigation. the letter cautions that while it wants to be as transparent as possible, it may not be able to give frequent updates to investors. >> this is bad news if you're sac. >> they're worried about what the government is going to do. >> my understanding is they're worried less that steve cohen is going to be indicted, but actually the firm could be indi indicted. but that is one of the concerns right now. the one date you need to reme

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optionsxpress.pen an account today and get a $150 amazon.com gift card when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> welcome back to squawk. a little taylor swift on this friday morning. jcpenney is reporting a bigger than expected first quarter loss. paul is joining us from morningstar. good morning to you, paul. are you a taylor swift fan, as well, with the rest of us out here? >> who isn't? i don't get to listen to too much music these days. >> the earnings were quite miserable yesterday. how long is the honeymoon for this new ceo? >> well, you know, i think the summer is a weak retail period in general. but there's a lot of discussion of how much better things have gone since the promotions have come back. they said we can't say anything bear because we're in a bond tinder and securing a loan from goldman. but i think if the traffic and the actually sales can pick up, i think people will ex extrapolate that this things will work. you have no worries about cash, right? >>

optionsxpress. call 1-888-280-0154 now. optionsxpress by charles schwab. >>> welcome back. we have a cnbc special report on comeback companies. john fort joins us this morning with a look at yahoo!. good morning, jojohn. >> hey, good morning, andrew. yeah after a revolving door ceo, microsoft acquisition, yahoo!'s story is shaping up to be a story. marissa mayey is warning investors that it will take years before her strategy clearly takes shape. the home page has been redesigned. smartphone apps like weather on the iphone have gotten a face lift. one of the goals for the changes, to make yahoo! cool again. stocks 70% since mayer took over 10 months ago. large part thanks to the eye for talent. the company has done quite a few acquisitions which seem fainly focused on yahoo!'s bench of mobile tower. analysts say so far so good. >> i've known marissa for a long time and i knew her at google. one thing she always did extremely well at google which she is doing at yahoo! too, is building teams and hiri

optionsxpress.t today and get a $150 amazon.com gift card when you call 1-888-280-0159 now. optionsxpress by charles schwab. >>> the pressure is on for negotiators to agree on health care benefits before tomorrow's self-imposed deadline. it appears to be a make or break deadline in immigration planning who do not want illegal immigrants to be covered on the health care reform law. arguably the hispanic assembly. good morning. >> good morning. >> last weekend the house group announced they had a tentative agreement. what happened? >> why wouldn't the house republicans be looking for one more opportunity to add in the affordable care act and to have more conversations about it, more votes on it? let's not forget they've had 37 votes to repeal the affordable care act. as the issue starts moving forward, we've had trouble on the smaller bills and as she points out, it's no secret that republicans have some fierce opposition to obama and is there an immigration bill because of it? >> no. i think frankly

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optionsxpress. open an account today and get a $150 amazon.com gift card when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> welcome back to "squawk on the street." i'm sharon epperson. oil prices on the decline as the opec meeting in indiana has ended and the group has left production level it is unchanged. that was expected and we are looking at prices that are just above 101 for brent crude and $92 a barrel for wti. of course, was there discussion for -- on opec, as well and we are continuing to watch what opec will do leading up to its next meeting on december 4th. keep an eye on gold prices above the 1400 level, the key psychological level and it may impact demand coming from asia. we'll see whether gold can hold above that market for the second day. back to you. >> meantime, kelly evans is here at most 9 taking a look at what she's watching. a lot of data to get through today? >> can we talk about pce? >> yes. >> critical, critical report. it always seems to come out a frida

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optionsxpress by charles schwab. year.need to tell you about the tuesday statistic, up 19 straight. this would be number 20 in a row, and with some oomph, up 143, the implied open while the marks were well on a tear while you were asleep. >> and shares of tiffany are rising pre-market. luxury goods retailer posting first quarter earnings of 70 cents a share. that was well above the street forecast that were lowered after tiffany had issued a profit warning back in march. revenues also beat forecasts of same-store sales up 8% in q1 and interesting to look at some of the strength here. japan in particular, constant currency net sales although they were saying the weaker yen might impact the rest of the year and that was part of the reason why they didn't raise it. >> 21%% comp in japan. 21 and this was after they had warned for q1. the big joke on the wires is never mind the proif the warning because we didn't need it right. you lower the bar and it's easier to clear it, but this would have been a solid quarter for tiffany a

optionsxpress.on.com gift card when you call 1-888-330-3137 now. optionsxpress by charles schwab. >>> welcome back to "squawk box," shy of 7:30 on this wednesday morning. it's a busy day for economic data. we're an hour away from the april consumer price index. that would equal the drop registered in march. we'll also get industrial production and home builder sentiment today. and actavis has reportedly rejected a $14 billion takeover bid. offering $120 per share for actavis, but was rebuffed. they'd been discussing itself for more than $13 billion, but those talks, too, have since ended. and get set for another round of power ball fever, the jackpot now up to $360. that would be the third largest power ball payout on record. the drawing set for tonight. we're also watching currencies this morning. $1 hitting another multi-year high, gold prices down for the fifth straight day, just above $1,400 an ounce. mark chandler at brown brothers, and money news ultimate wealth report. thanks so much for bein

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optionsxpress.ard when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> welcome back to "squawk box" the the futures a little weaker in the wake of the economic data. friends from panteon saying don't worry. it lead. he is miss missing that. i'll see what the economists think. obviously claims numbers were weak. >> cisco earned 51 cents a share, two cents above estimates. $12.2 billion. it's not like being in a foxhole. we have done it. we have seen what each other can happen to us. we've laughed. we've cried. we'll always have pebble is what i'll say. >> joe, we absolutely did. for those of you who have seen my golf game, you should buy. >> i don't know what you set your alarm clock for, but thanks so much. at least you got good stuff to talk about. we have already talked about it this morning. tech is not mono lithic is it? this is more than a tech story i think. >> well, i think it speaks to cisco moving from a communications company to i.t., trying to be number one. it's our nin

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optionsxpress. get a $150 amazon.com gift card when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> pressure is mounting on billionaire from a carnival cruise ship. two were discovered missing after the end of a ten-day voyage. this is the latest in a string of carnival incidents most notably since the concordia hit the coast and killed 32 people. they paid just 0.6% of its profit in u.s. taxes. last week senator rockefeller pressured the billionaire into refunding u.s. taxpayers $4 million for dealing with two other incidents. on tuesday he wrote again to arison and his two biggest rivals requesting more information on passenger safety, security and health practices. "the cruise industry enjoys many advantages operating out of the united states, but the advantages to american consumers and taxpayers are less clear," said the senator. jay rockefeller continued, the responses will help congress make sure the rules governing the cruise industry provide passengers with a safe and comf

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optionsxpress.t card when you call 1-888-280-0154 now. optionsxpress by charles schwab. >>> all right, big question this morning, would the dips be bought? the dow is not kwiz positive. but off the lows, obviously. we were 127 on the downside of the entry day low. take a look at that. let's send it to josh lip on the for a quick market flash. >> have a look this morning at electronic arts. says xbox just introduced a couple of days ago has a lot more responsive kinectic control. meaning it reads the image of the user and incorporates that to game play. that could be a boom for makers of sports games. e.a. dominates that field. up some 55% so far this year. kelly, back to you. >> thank you sr. much, sir. the bell is about to sound in europe. we'll have the close and details. keepen an eye on markets here now. we'll be right back. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, g

optionsxpress by charles schwab. >>> jim, let's go down to the new york stock exchange.oing to get it going again? there you go. suddenly this news justifies another leg up from new highs. everybody who is saying wait, wait, wait. it's never going to give you a chance. now we see why the cyclical stocks have started to move. they will be the next wave. we've had great guests on this morning talking about how technology is cheap, industrials are very cheap and that's where the money is going and it doesn't mean they'll flow out of the soft goods, but there will be more money coming in and by the way, financials and hey, you see job growth, it's great for the financials. >> jim, are you going to -- you do that, don't you? >> i haven't done enough homework. i'm just not there. i've been spending too much time on the linkedin quarter. >> i'm going to make a pick. probabliorb will win. i will pick normandy invasion. number one -- dorm when reagan talked about those guys going out there? i even think about him talking about those guys that were there, and i cry, and -- because

optionsxpress by charles schwab. >>> welcome back, everybody. it is the end of the month.me we will see anything in may this year for 2013. so far you have red arrows. dow down 65 points. s&p down by seven. but they're off their worst levels this morning. futures down 90 points earlier today. by the way, even if we end at these levels, you're talking about major gains for the month of may for all the major stock averages. we are approaching the top of the hour. when we come back, a number of newsmakers including brad anderson. his take on the turnaround strategy. and jump starting the u.s. jobs market. that's just what we were talking about off set. >>> coming up at 7:15 ceo of waste management. what they can do to conserve energy. >>> plus, jack grubman makes a return nearly a decade after he fell from grace. we are looking forward to it today. don't forget, personal income and spending coming up 8:30 eastern time. busy friday still ahead. stick around. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you n

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